Category: Business

Posted in Business

KNC Beauty Founder Launches Zoom School for Black Female Entrepreneurs

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Beauty entrepreneur Kristen Noel Crawley, the founder of KNC Beauty, is starting an online educational platform meant to help other Black female entrepreneurs succeed with their beauty businesses.

The program is called KNC Beauty School and it makes its debut online July 14. Crawley and other Black female executives, including Trinity Mouzon of Golde and Melissa Butler of The Lip Bar, will provide four semesters of free information on entrepreneurship, facing adversity, social media and marketing and strategic partnerships and investors.

“We’ll be going over resources and giving advice from other female founders to women of color who want to start a business or are in the early stages of their business,” Crawley said.

Interested entrepreneurs can sign up through a registration link available via Crawley’s Instagram account, where she has more than 400,000 followers.

Crawley had found that after speaking at industry

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Posted in Business

Amateur Traders Pile Into Asian Stocks, Making Pros Nervous

(Bloomberg) —

When the coronavirus pandemic sent shares plunging, you didn’t have to be a professional investor to spot a buying opportunity. In fact, it might be better if you weren’t.

The can’t-miss rise of equity markets around Asia is fueling the explosion of interest among retail investors in the region, mirroring their exuberance worldwide. Millions of investors who had never so much as opened a trading account before have been piling into the market.

Just as the pandemic led bored Americans to make the Robinhood investing app a household name, it’s the amateurs who have helped to lift equities from India to Thailand despite some of the worst macroeconomic fundamentals in memory. But it’s also giving professionals pause – what happens when these investors are no longer around?

“If everyone is going into the same name and something happens, those names are likely to be sold off quite aggressively,”

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Posted in Business

Starbucks suspends advertising on all social media platforms, becoming the latest company to boycott Facebook

A Starbucks store sign is shown during the coronavirus disease (COVID-19) outbreak in Valparaiso
A Starbucks store sign is shown during the coronavirus disease (COVID-19) outbreak in Valparaiso

Reuters

  • Starbucks announced Sunday it will suspend all of its advertising across social media platforms as it conducts discussions “internally, with our media partners, and with civil rights organizations” about ending the spread of hate speech.

  • Facebook, in particular, has taken criticism for its response to hate speech on its platform and its decision to allow President Trump to make controversial posts, such as calling protesters “thugs” and writing “when the looting starts, the shooting starts.”

  • Starbucks joins Coca Cola in announcing an outright suspension on all social media advertising, while other companies have announced temporary bans on Facebook ads.

  • While the company is suspending its social media ads, it is not joining the #StopHateForProfit campaign bolstering the Facebook advertising boycott, according to CNBC.

  • Visit Business Insider’s homepage for more stories.

Starbucks on Sunday announced it

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Posted in Business

Starbucks pausing ads ‘across all social media platforms’ in effort to combat hate speech

Starbucks is the latest company to say it will pause advertising on “all social media platforms” and promises to have discussions internally and with media partners and civil rights organizations to stop the spread of hate speech. The company will continue to post on social media without paid promotion, it announced Sunday.

“We believe in bringing communities together, both in person and online, and we stand against hate speech,” the company said in a statement Sunday. “We believe more must be done to create welcoming and inclusive online communities, and we believe both business leaders and policy makers need to come together to affect real change.”

Starbucks is the latest major advertiser to make such an announcement amid a boycott that began with Facebook but is now hitting other social media platforms. Coca-Cola on Friday also said it would pause advertising on all social media platforms globally, while Unilever is

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Posted in Business

‘Dungeons & Dragons’ Race Issues Have Deep Roots In The World Of Fantasy

Wizards of the Coast — the company behind the self-proclaimed “world’s greatest role-playing game,” “Dungeons & Dragons” — has committed to stressing diversity and removing racially problematic language from its product line, and fans are holding the company to account for its promises.

“Dungeons & Dragons,” commonly known as D&D, is a game in which a group of players creates characters, rolls dice and navigates a story overseen by a Dungeon Master. Originally created in 1974, the game issued a fifth edition in 2014 that became its most popular, especially after livestreaming platforms such as Twitch and shows such as Netflix’s “Stranger Things” introduced D&D to new audiences.

The game’s newfound popularity, however, has also invited critiques. Critics have pointed out that when creating a character, D&D players must choose a “race” — such as an elf, dwarf or gnome — and that this usage of the word is technically

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Posted in Business

Global virus infections top 10 million

Global infections from the novel coronavirus have topped 10 million as the rate of new cases surges, particularly in the United States and Latin America, according to an AFP tally on Sunday.

One million new infections were recorded in only six days, according to the count based on official sources, just as countries start to unwind punishing lockdowns that have devastated their economies and thrown millions out of work.

The worldwide death toll from the disease that first emerged in China six months ago is also nearing 500,000 as fears grow of a full-blown second wave, with the rate of contagion doubling since May 21.

The United States, the hardest hit country, has surpassed 2.5 million cases alone, as efforts to reopen the world’s economic powerhouse were set back by a jump in new infections in big states such as Florida.

President Donald Trump was under mounting pressure to set

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Posted in Business

Beauty’s Age of Accountability

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The beauty industry says it is ready to enact change. The question, though, is whether its planned efforts are enough to end systemic racism.

On May 25, George Floyd died after being pinned to the ground by a Minneapolis police officer. Floyd’s death came on the heels of that of Breonna Taylor, who was shot eight times by police officers in her own home in Louisville, Ky., and Ahmaud Arbery, who was shot by residents of a neighborhood in Georgia. For a nation reeling from the economic and social impacts of the coronavirus pandemic, the killings were a clarion call to action.

Largely peaceful protests broke out nationwide in the weeks following Floyd’s death, and social media swelled with messages of support for the Black Lives Matter movement. Soon enough, beauty companies joined the conversation.

Dozens of companies of all sizes — including

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Posted in Business

why Republicans are set for Florida convention amid pandemic

<span>Photograph: Robyn Beck/AFP/Getty Images</span>
Photograph: Robyn Beck/AFP/Getty Images

Every four years, Democrats and Republicans stage their national conventions, huge primetime events at which presidential nominations are formally bestowed amid cascades of balloons, in front of cheering crowds.

On 20 August, a little more than two months before election day, Joe Biden will duly accept the Democratic nomination in Milwaukee, Wisconsin. A week later, Donald Trump will be crowned by Republicans in Jacksonville, Florida.

Related: Trump mocks ‘basement’ strategy but prudent approach pays off for Biden

Thanks to the coronavirus pandemic, almost everything else will not proceed as usual. But the two parties will follow radically different paths.

This week, as the US death toll passed 124,000 and cases surged in many states, Democrats announced a slimmed-down convention, mostly online and with physical events staged under guidance from public health experts. Biden’s speech, for example, has been moved to a smaller venue.

Republicans have also

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Posted in Business

Edited Transcript of LEHN.S earnings conference call or presentation 19-May-20 8:00am GMT

Plan-les-Ouates Jun 27, 2020 (Thomson StreetEvents) — Edited Transcript of Lem Holding SA earnings conference call or presentation Tuesday, May 19, 2020 at 8:00:00am GMT

* Marc E. Possa

Ladies and gentlemen, welcome to the full year results 2019/’20 conference call and live webcast. I am Shai, the Chorus Call operator. (Operator Instructions) The conference is being recorded. (Operator Instructions) The conference must not be recorded for publication or broadcast.

At this time, it’s my pleasure to hand over to Frank Rehfeld, CEO of LEM Holding. Please go ahead.

Good morning, ladies and gentlemen. Thank you for joining us on this webcast where we would like to review with you the full year results presentation of our financial year ’19/’20. My name is Frank Rehfeld. I’m the CEO of LEM. And I’m together here with Andrea Borla, our CFO; and Andreas Hürlimann, the Chairman of our Board.

For those who … Read More

Posted in Business

As Big Deals Make the Rounds at the Cannes Market, a Pandemic Era of Dealmaking Takes Shape

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When this year’s Cannes market migrated online, some worried that it might have a negative impact on the business. As it turns out, it’s a lot easier to close international pre-sales when jumping from meeting to meeting means logging into various Zoom rooms, rather than squeezing through throngs of people on the Croisette. Agents and buyers say that while nothing can compare to in-person meetings at Cannes, this week’s virtual markets were productive and offered a blueprint for pandemic-era dealmaking.

In fact, if the Cannes markets are any indication, buyers are hungry for big deals, despite the uncertainty that surrounds whether audiences are comfortable returning to theaters.

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While the the country’s three largest circuits all plan to reopen all their locations in July, Warner Bros. this week pushed back for a second time the summer’s highest-profile film, Christopher Nolan’s “Tenet,”

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