Shanika Desir

20 Added | 6 Magazines | 1 Follower | @ShanikaDesir | Keep up with Shanika Desir on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Shanika Desir”

Abercrombie & Fitch is getting stomped

Sales fell 14% in the quarter ending January 31, driven by a 10% drop in same-store sales in the US.<p>Online comparable sales also slowed because of a drop in website traffic in Europe, the company said.<p>Shares plunged more than 13% on Wednesday.<p>"2014 was a year of significant change for Abercrombie & …

Same-Store Sales

This Is Why Warren Buffet Dumped His Exxon Holding

America’s leading investor, Warren Buffett, gave a wide-ranging interview to CNBC in which he gave a fitting explanation of why his company, …

Investing

Toyota promotes its first female exec ever

<i>Note: This story was updated at 4:48 PM.</i><p>Automaker Toyota has promoted American Julie Hamp, the current head of communications for North America, to …

Automotive Industry
Exports

Here’s why gas really costs Americans $6.25 a gallon

It’s almost April 15, and you may be worrying about how much taxes will hurt this year. But a new study published today suggests there’s a whole world of economic losses in the air around us that few of us know anything about.<p>The study, published in the journal Climatic Change, is the first to pull …

Fossil Fuels

Hurricane Matthew victims beware: That insurance repair check could mean trouble

As residents and businesses in the Southeast begin to dig out from the aftermath of Hurricane Matthew, homeowners with a mortgage could face an …

Finance

The hottest delivery startup out of San Francisco is growing like crazy

On Monday, Postmates co-founder and CEO Bastian Lehmann shared some truly remarkable stats about his company, which runs a network of couriers to deliver goods — like lunch, dinner, groceries, or even office supplies — locally.<p>Based on Postmates' data charted for us by BI Intelligence, it took 116 …

Startups
Private Sector

Feds award $134.5M contract to dredging company to begin Savannah harbor expansion

The federal government Wednesday awarded a $134.5 million contract to begin deepening the river channel ships use to reach the busy Port of Savannah, meaning the long-sought harbor expansion can begin as soon as the contractor gets its dredging equipment in the water.<p>The Army Corps of Engineers …

U.S. Oil Rises on Iran After Earlier Drop on Supply

U.S. oil futures rebounded on Wednesday and benchmark Brent pared losses as OPEC member Iran reinforced its opposition to a nuclear deal with timelines, helping the market recover from an earlier price slide tied to big U.S. crude supplies.<p>Comments from Saudi Arabia's oil minister that supply and …

4 questions to ask before hiring your first employee

The decision to hire an employee is tough for many entrepreneurs, particularly freelancers and founders committed to bootstrapping their business to …

8 Strategies to Fund Your New Business

As many first-time entrepreneurs know, or have found out, getting a traditional bank or even an SBA loan to start a new business isn't easy. So where …

Small Business
Wall Street
Wall Street
Wall Street

“Pent-up wage deflation” works better in theory than in practice

2014-08-27T15:49:46.000Z<p>By: Matthew C Klein<p>Janet Yellen’s thoughtful speech on labor markets last week has already received a lot of attention. One …

Bank of Canada won’t follow Fed’s lead on interest rates, Poloz says

Bank of Canada Governor Stephen Poloz wants to make something perfectly clear: When the Federal Reserve starts raising interest rates, Canada's central bank won't necessarily follow immediately.<p>"The main thing people should understand is that our policy is quite capable of being fully independent, …

People Are Spending More On Venmo Than On Starbucks' Mobile Payments App

During the second quarter PayPal-owned Venmo overtook the Starbucks mobile payment app in terms of U.S. transaction volume, according to BI Intelligence estimates.<p>The Starbucks app is the most successful in-store mobile payment app in the U.S. It's not totally fair to compare it to Venmo because …

FinTech