In the blissed-out Seattle winter sunshine, the glass and steel conservatories known as the Spheres that mark the entrance to Amazon’s head office seem to sweep you up off the pavement with the promise of a glimpse into the future — and a good time. It is 9am and battalions of Amazonians, laptops and lattes in hand, head into Day 1 Building — it’s always Day 1 at Amazon, to remind workers that rest is for wimps. Once inside, they splice and dice the quadrillions of bytes of consumer data that surge through the retail giant’s servers and crash on to our mobile phones, computers and Alexas and encourage us to shop, shop and then shop some more. ‘People who bought this also bought…’ It’s optimistic, infectious stuff. Walk the few blocks to Pine Street, Seattle’s main drag, however, and the mood is very different. The Westlake Center is so quiet that entering a shop feels like intruding on the retailer’s private grief. In … [Read more...] about Amazon vs. Zara: who will control the high street fashion market?
Gen z vs millennials
(NewsUSA)Yes, times are tricky for both buyers and sellers."Rising demand among millennials, full employment, and the strong economy have bumped against limited inventory," the Washington Post reported, "which fuels price increases."What to do? Read on for some of the best insider tips.* January and February are the best months to buy. Forget the "experts" who warn you shouldn't try to time the market. A recent study from NerdWallet shows houses typically cost 8.45 percent less during those two months than in June and August.True, the pickings might be slimmer, given that most sellers list a house in the peak spring or summer seasons. However, not only are you less likely to be up against buyers with wads of cash - they're probably wintering in the likes of St. Barts - but you'll also stand to profit from a time-tested truth. "If their home is (still) on the market in fall or winter," notes the home improvement website BobVila.com, "chances are they'll be eager to close."With the … [Read more...] about 4 Insider Tips for Anyone Buying or Selling A House
People are worried about stock buybacks.The way a stock buyback works is: You have a company worth $1,100, with $100 of extra cash on hand. It has 110 shares outstanding. Each share is worth $10. You decide you don’t need all that cash and that you should give it back to shareholders who want to sell. You buy 10 shares for $10 each, using the $100 in extra cash. Now you have 100 shares outstanding, no extra cash, and a company that is worth $X.What is X? In this schematic description it seems like it should be $1,000. You had a company worth $1,100. It gave $100 back to shareholders, in exchange for nothing. (In exchange for their shares, yes, sure, but as far as the company is concerned those aren’t a thing.) $1,100 minus $100 is $1,000. There would be something odd about getting any different answer. Before the buyback the shareholders, collectively, owned $1,100 worth of stuff. (Their stock.) After the buyback the shareholders, collectively, owned $X + $100 … [Read more...] about Buying Your Way Back to Riches