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Why Uniqlo is thriving right now
  + stars: | 2024-10-18 | by ( Maria Noyen | ) www.businessinsider.com   time to read: +7 min
Uniqlo's parent recently reported record earnings for the third year running, bolstered by strong sales at Uniqlo. Uniqlo consumers are diverse in age and disposable income. Uniqlo thinks of itself as a tech companyTadashi Yanai, CEO of Uniqlo and founder of Fast Retailing, once said, "Uniqlo is not a fashion company — it's a technology company." Cristina Arias/Cover/Getty ImagesThat's why Uniqlo releases new collections seasonally, whereas rivals such as Zara produce about 500 new designs weekly. He thinks Uniqlo comes with "a bit of this myth of the Japanese psyche.
Persons: , Zara, Kate Yuille, Uniqlo.com Amrita Banta, Z, Banta, Martin Roll, Uniqlo, Tadashi Yanai, Toray, Yanai, Cristina Arias, Yuille, that's, Koji Watanabe Organizations: Service, Retailing, M, GU, Research, Strategy, McKinsey Locations: Japan, Zara, Hiroshima, Uniqlo, Uniqlo's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe energy market is very 'jaded' from trading geopolitics, says Energy Aspects' Amrita SenAmrita Sen, Energy Aspects founder and director of research, joins 'Squawk Box' to discuss the state of the energy market, what to make of the recent volatility, impact of geopolitical tensions, and more.
Persons: Amrita Sen Amrita Sen Organizations: Energy
Iran, which is a member of OPEC, is a major player in the global oil market. It's estimated that as much as 4% of global supply could be at risk if Israel targets Iran's oil facilities. For some analysts, the reason crude prices have yet to move even higher is because the oil market is short. watch nowTamas Varga, an analyst at oil broker PVM, told CNBC via email on Thursday that the oil market was pricing in some risk premium given the geopolitical concerns. These fears, however, will be greatly alleviated in [the] coming days unless oil supply from the region or traffic through the Strait of Hormuz are materially impacted," he added.
Persons: Fatemeh, Goldman Sachs, SEB, Jeff Currie, Carlyle, CNBC's, it's, Currie, we've, Amrita Sen, We've, Sen, Joe Biden, Biden, Tamas Varga, " Varga, Benjamin Netanyahu, Masoud Pezeshkian Organizations: Anadolu, Getty, Energy, OPEC, Brent, U.S, West Texas, CNBC, White House, Islamic Revolutionary Guard Corps, Persian, Nurphoto Locations: Isfahan Refinery, Iran, Isfahan, Israel, Swedish, backwardation, bearishness, U.S, Hormuz, Oman, Tehran, Qatar, Persian, Bushehr, Bushehr province
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. hasn't been able to yield power it used to have in the Middle East, says Energy Aspects founderAmrita Sen, the founder of Energy Aspects, discusses escalations in the Middle East and the impact on oil.
Persons: hasn't, Amrita Sen Organizations: U.S, Energy
How Israel would retaliate against Iran's missile attacks
  + stars: | 2024-10-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Israel would retaliate against Iran's missile attacksCharles Kupchan, senior fellow at the Council on Foreign Relations, and Amrita Sen, founder and director of research at Energy Aspects, join CNBC's 'The Exchange' to discuss the widening war in the Middle East, how recent escalations could impact oil prices, and more.
Persons: Charles Kupchan, Amrita Sen, CNBC's Organizations: Iran's, Council, Foreign Relations Locations: Israel
Why a repricing of oil is needed
  + stars: | 2024-09-24 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy a repricing of oil is neededAmrita Sen, Energy Aspects director of research, joins ‘The Exchange’ to discuss oil pricing, energy market futures, and more.
Persons: Amrita Sen
Advertisement"As much as we think that our country is obese or unhealthy, there's another whole side who are into their fitness," Taylor said. Taylor told me that strength training now makes up 90% of her routine. Gyms are quickly becoming Gen Z's favorite hangout spot — but there's just one problem with the fitness boom. Chains like Planet Fitness rely on members never showing up; the gyms aren't built for Gen Z. Planet Fitness, the most popular gym franchise in the US, has on average 6,500 members per gym.
Persons: Britt Taylor, Taylor, Gen, aren't, Les Mills, Gen Z, who's, Z's, they've, Kayla Itsines, Christian Guzman, Whitney Simmons, Simeon Panda, Casey Johnston, Johnston, Sarah Ryan, Ryan, Amrita Bhasin, Bhasin, Britt, it's, Jim Thomas, Gen Zers, It's, Renel Scarlett, didn't, Amelie Desai, I've, Desai, Scarlett, Bassem Mostafa Organizations: Boca, McKinsey, ABC, American College of Sports, Gen, YouTube, Weightlifting, Fitness Management, Health, CNN, Works Health Club, Health & Fitness Association, GlobeMonitor Market Research Agency Locations: Boca Raton , Florida, California, Portland , Maine, Maine, Portland, American
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNot a lot of traders have made money on oil this year, Energy Aspects founder saysAmrita Sen, founder of Energy Aspects, discusses the outlook for crude as oil prices hovered at eight-month lows amid U.S. recession fears.
Persons: Amrita Sen Organizations: Energy
Still, plastic diapers from mega brands like Procter & Gamble -owned Pampers and Kimberly-Clark -owned Huggies continue to dominate the market. Kudos Diapers Courtesy: HatchMark StudioIn the three years since its launch, Kudos has raised more than $6 million in funding. Reduce the globe's reliance on fossil fuels by building out new supply chains and developing sustainable products that are just as effective – if not better – than competitors. Even sourcing natural materials for use instead of plastics would be challenging for larger companies because of their scale, Saigal said. The reality is, when natural materials become cheaper than plastic," she said.
Persons: Amrita Saigal, Clark, it'll, Saigal, it's, They're, Pampers Organizations: Environmental Protection Agency, Procter, Gamble, Massachusetts Institute of Technology, CNBC, Precursor Ventures, Xfund, Oversubscribed Ventures, MIT Locations: Kimberly
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnergy Aspects: OPEC 'protecting' the floor as oil prices hold above $80 into the summerAmrita Sen, founder of Energy Aspects, discusses the outlook for the oil market.
Persons: Amrita Sen Organizations: Energy
Rich millennials in the US have been known to splash out on their pets, new laundry rooms, and expensive coffee machines. And over in China, rich millennials have their own ideas of what counts as a luxury status symbol. AdvertisementExpect to see these rich millennials mixing luxury casual wear like T-shirts and sneakers with traditional luxury brands, Banta told BI. And getting regular aesthetic treatments has become a top priority for affluent millennials, Banta told BI. Independent luxury brands that offer more authentic products and those that draw on cultural heritage are also highly in demand, she said.
Persons: , they've, Rich millennials, They've, Claudio Lavenia, Louis Vuitton, Daniel Langer, Amrita Banta, Budrul Chukrut, Elisa Harca, Ant Asia, Mary, Kate, Ashley Olsen, prioritizes, Harca, Banta, JUAN BARRETO, Olivia Plotnick, Port Ellen, Alexandra Bacon, Ewan Andrew, Langer, Black Pearl, JOHANNES EISELE, Olivier Morin, Plotnick, Tom Dixon, Potnick, Gen, Gabriella Tegen, Gen Z Organizations: Service, Business, Pepperdine University, Research, Getty, JUAN BARRETO Travel, Wai, Social, Diageo, Michelin, China Morning, Meituan, Clover, Bloomberg, Clover Suites, China News Service, McKinsey, Brands, Independent Locations: China, Antarctica, Iceland, Shanghai, Port, Scotland, That's, Harca, Singapore, Banta, millennials
Earnings per share: 85 cents adjusted vs. 72 cents adjusted that was expected85 cents adjusted vs. 72 cents adjusted that was expected Revenue: $5.97 billion vs. $5.82 billion expectedBlock posted $2.09 billion in gross profit, up 22% from a year ago. Analysts tend to focus on gross profit as a more accurate measurement of the company's core transactional businesses. The Cash App business, which is the company's popular mobile payment platform, reported $1.26 billion in gross profit, a 25% year-over-year jump. Bitcoin, said bitcoin will ultimately help Block "serve more people around the world faster." He added that going forward, Block will be investing 10% of its gross profit from bitcoin products into purchases of bitcoin for investment.
Persons: Block, Jack Dorsey, Afterpay, Dorsey, Amrita Ahuja, Bitcoin, bitcoin Organizations: Twitter, CNBC
India is trying to modernize its military of 1.5 million people with lessons from Ukraine. AdvertisementAs India boosts defense spending amid tensions with China and Pakistan, it is closely studying the Ukraine conflict for clues to the future of warfare and how to thwart its neighbors. Some lessons that Indian experts have already drawn: India needs lots of artillery, drones and cyberwarfare capabilities. Drones have become the stars and workhorses of the air war, with both sides deploying — and losing — drones in the hundreds of thousands. AdvertisementThere are lessons here for Indian airpower, according to Arjun Subramaniam, a retired Indian Air Force air vice marshal who helped write the ORF report.
Persons: , Amrita Jash, Wolfgang Schwan, Arjun Subramaniam, Subramaniam, Cyberwarfare, Shimona Mohan, Mohan, Michael Peck Organizations: NATO, Service, Artillery, Indian Army, Manipal Academy of Higher Education, Observer Research Foundation, Getty, Russian, Indian Air Force, Air Force, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: India, Ukraine, Russia, China, Pakistan, Eastern, Western, Indian, Siversk, Donetsk Oblast, Anadolu, cyberwarfare, Forbes
Energy Aspect discusses outlook for oil markets, U.S. elections
  + stars: | 2024-04-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. will do 'absolutely anything' in its power to make sure oil prices don't go up: ConsultancyAmrita Sen, founder and director of research at Energy Aspects, says the United States is "not in panic mode," but is "very, very worried" about high oil prices.
Persons: Amrita Sen Locations: United States
Israel-Iran conflict won't escalate out of hand, says Amrita Sen
  + stars: | 2024-04-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael-Iran conflict won't escalate out of hand, says Amrita SenAmrita Sen, Founder and Director of Research at Energy Aspects, discusses what Israel's retaliation against Iran means for the oil markets.
Persons: Amrita Sen Amrita Sen Organizations: Israel, Research, Energy Locations: Iran
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA lot of what's happening between Iran and Israel has already been priced in: Energy Aspects' SenAmrita Sen, Energy Aspects founder and director of research, joins 'Power Lunch' to discuss what could cause oil prices to rise following an escalation of tensions between Iran and Israel, ways that oil distribution could be at risk, and more.
Persons: Sen Amrita Sen Organizations: Energy Locations: Iran, Israel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil markets had already priced in an Iranian reaction, analyst saysAmrita Sen of Energy Aspects discusses Iran's drone and missile attack on Israel, and says it was "very well telegraphed" but that "doesn't mean that prices will continue to go down."
Persons: Amrita Sen Organizations: Email, Energy Locations: Israel
Block CFO Amrita Ahuja on Friday told CNBC's Jim Cramer that the company's Cash App payment services are doing well with the younger generation of consumers. The Cash App card, a free Visa debit card, is especially popular with young people, Ahuja said. She explained how Cash App is able to reach the younger generation, citing a families program that allows adults to sponsor accounts for teenagers. Cash App, which brought in a large chunk of the company's revenue last quarter, has a variety of payment offerings and also lets users buy stocks and bitcoin. Ahuja discussed integrating Afterpay services within Cash App, saying it's "an incredible opportunity to bring commerce into Cash App."
Persons: Amrita Ahuja, CNBC's Jim Cramer, Ahuja, Block, Jim Organizations: Cash
Block CFO Amrita Ahuja sits down with Jim Cramer
  + stars: | 2024-03-22 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlock CFO Amrita Ahuja sits down with Jim CramerBlock CFO and COO Amrita Ahuja joins 'Mad Money' host Jim Cramer to talk Cash App, fractional shares, its plan to boost growth and more.
Persons: Amrita Ahuja, Jim Cramer
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email1 in 4 Cash App users are daily users, says Block CFO Amrita AhujaBlock CFO and COO Amrita Ahuja joins 'Mad Money' host Jim Cramer to talk Cash App, fractional shares, its plan to boost growth and more.
Persons: Amrita, Amrita Ahuja, Jim Cramer
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlock CFO Amrita Ahuja on Q4 earnings: Our focus now is on growth and product velocityAmrita Ahuja, Block CFO, joins 'Money Movers' to discuss the drivers behind Block's positive guidance, if the guidance is due to better monetization or efficiency steps, and much more.
Persons: Amrita Ahuja, Amrita
Watch CNBC's full interview with Block CFO Amrita Ahuja
  + stars: | 2024-02-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Block CFO Amrita AhujaAmrita Ahuja, Block CFO, joins 'Money Movers' to discuss the drivers behind Block's positive guidance, if the guidance is due to better monetization or efficiency steps, and much more.
Persons: Amrita Ahuja Amrita Ahuja
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's no winter weather to support the kind of natural gas production we're seeing: Amrita SenAmrita Sen, Energy Aspects founder and director of research, joins 'Squawk Box' to discuss the natural gas market, the impact of Biden administration's decision to pause approval of new LNG export projects, and more.
Persons: Amrita Sen Amrita Sen, Biden Organizations: Energy
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil prices could be 'really elevated' into the summer, energy consultancy saysAmrita Sen of Energy Aspects discusses the outlook for the oil market in light of geopolitical factors such as the Israel-Hamas war and tensions in the Red Sea.
Persons: Amrita Sen Organizations: Energy Locations: Israel, Red
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden's pausing of new LNG export projects 'driven by getting climate votes,' analyst saysAmrita Sen of Energy Aspects says "politics is playing a big part of this ... ahead of the elections."
Persons: Amrita Sen
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