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This is the new chairman of Foxconn

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FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's building in Taipei, Taiwan March 30, 2018. REUTERS/Tyrone Siu/File Photo

Liu Young-way, head of the semiconductor division at Foxconn will replace Terry Gou as chairman of the group.

FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company’s building in Taipei, Taiwan March 30, 2018. REUTERS/Tyrone Siu/File Photo

The SCMP site reported that since July, Mr. Liu Young-way – born in 1956, once head of the semiconductor division – will replace Terry Gou’s position as the chairman of the electronics assembly group, Foxconn.

With this change, many analysts predict that in addition to electronics outsourcing business, Foxconn will expand its investment in many new directions in the future such as AI, robotics or self-operated vehicles.

“Liu has worked at Foxconn for many years. He is a leading expert in Taiwan’s electronics industry,” Gou said in Foxconn’s annual meeting.

Before working at Foxconn as Gou’s special assistant in 2007, Liu founded a chip design company and a printed circuit board factory and ran a subsidiary of United Microelectronics, Taiwan’s second largest chip manufacturer. He also holds a degree in physics from the National University of Transportation and an electrical engineering degree from the University of Southern California.

In 2016, he became a member of Sharp’s board after the Japanese electronics giant was bought by Foxconn. In 2017, Liu was appointed head of the semiconductor department.

According to SCMP, this is a relatively difficult time for Liu because the US-China tension is increasing. In addition to finding more customers in new areas to offset the slowdown in the smartphone industry, Foxconn must also support large customers like Apple, avoiding being affected by trade stress.

Currently, Liu and a group of 9 members will run the company. Gou is still Foxconn’s largest shareholder with a 10% stake and holds an important position in the board. Liu said he will continue to discuss business with Gou once a week.

THE DOW JONES REBOUNDS MORE THAN 1,000 POINTS AS TRUMP SEEKS $1 TRILLION IN STIMULUS FOR COVID-19 FIGHT

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 US Stocks surged Tuesday (March 17) — rebounding from their worst day in more than three decades — as Wall Street cheered White House plans that could inject $1 trillion into the U.S. economy to cushion the blow of the coronavirus, CNBC reported.

Ending the session on Tuesday, the Dow Jones soared 1,048.79 points (equivalent to 5.2%) to 21,237.31 points, briefly dipped below  the 20,000 for the first time since February 2017 before rebounding. The S&P 500 was up 6% at 2,529.19 while  Nasdaq Composite gained 6.2% at 7,334.78.

The Trump administration is weighing a fiscal stimulus package of more than $1 trillion that includes direct payments to Americans, according to a source familiar with the matter. Earlier, Treasury Secretary Steven Mnuchin told reporters the government is considering directly sending checks to Americans in the next two weeks. “Americans need cash now,” he said.

Mnuchin added corporations will be able to defer tax payments of up to $10 million while individuals could defer up to $1 million in payments to the Internal Revenue Service. Mnuchin also said President Donald Trump authorized the deferral of $300 billion in IRS payments.

Treasury yields jumped, with the 10-year U.S. rate breaking back above 1% on news of the big stimulus plan. Yields move inversely to prices. The iShares 20+Year Treasury Bond ETF (TLT) dropped more than 6% as investors fled bonds for stocks.

The Federal Reserve announced measures to help companies struggling to get short-term funding amid the outbreak. The market has been hampered by a lack of demand for paper issued, and Wall Street has been looking for central bank intervention along the lines of what happened during the financial crisis.

Amazon shares jumped 7% after an analyst at Bank of America noted the e-commerce giant will benefit from the global “in-home shift” due to the coronavirus. Netflix climbed 7% as well while Apple closed 4.3% higher.

Biotech giant Regeneron, meanwhile, said Tuesday morning that it’s aiming to have doses of a potential drug for COVID-19 ready to start human clinical trials by early summer. The announcement, which represents a marked acceleration in the company’s drug timeline, sparked a 11.5% rally in the company’s equity.

More than 5,700 cases have been confirmed in the U.S. along with more than 90 deaths, according to data from Johns Hopkins University. President Donald Trump also said the crisis could stretch into August, adding the administration may look at locking down “certain areas.”

The Cboe Volatility Index (VIX) — Wall Street’s preferred fear gauge — posted its highest-ever close at 82.69. That tops the financial crisis’ peak of 80.74. On Tuesday, the VIX traded down 9.2 points at 73.2.

 

How to Start an Online Craft Business

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I first became interested in the do-it-yourself world about four years ago. I discovered a few crafting websites and became even more interested in the e-commerce world of selling handmade items online. I have watched, researched and studied what other people have been making and the community is certainly growing and expanding.
My first suggestion is do some research. Take a look on the search engines and find what other people are selling and where they are selling it. A popular website for selling handmade goods is www.etsy.com. Etsy has helped many artists developed a huge fan base and have overwhelming success. Of course, if your items do not stand out it is easy to get lost in the masses of coaster and cozies.
Figure out what you are good at making and fine-tune your skill. Make a list of what makes your items stand out from the rest. For example, you could have superb design, a keen sense of color combinations and use high quality products. Good craftsmanship and original designs are a winning combination and will be a huge key to your success.
There are so many marble magnets out there that I almost find it hard to believe that people still sell these. They were a hit, a couple of years ago and the market is simply saturated. You have to stand out, be yourself, and most of all have a high level of creativity.
Another good idea is to start developing your first line. Have brainstorming sessions with yourself or with a close friend. Find out what appeals to you, and what you want your work to say about you. Pick up magazines and books for inspiration. Collect images and colors that you want to incorporate in your designs.
In the beginning stages of your work it’s a good idea to develop your contacts. A good way to do this is by starting a blog. Record your projects, thoughts and inspiration and get people involved in your online shop reveal. One way to get your blog popular is by leaving comments on other blogs to get the word out about yourself. Writing on forums is another effective way to bring traffic to your blog and eventually your online shop.
During the creation process of your line, begin to think about packaging and shipping. Learn how much it will cost to ship various items and keep the shipping cost fair, a lot of customers will turn away if they feel that your shipping cost is much higher than it actually is. Packaging can really help your business. So many times I’ve bought items from sellers and was really astonished at the care they took in sending their products. A thank you note and decorative paper can go along way with repeat customers.
Some other aspects of your business to consider are the visual aspects of your site and photography. Make sure that your blog, store and advertisements have banners and logos. Make sure that they go together visually and are appealing to look at. When taking photographs of your products avoid putting them on the floor or on your bed as these are not the most flattering back drops to high light your products in.
Get creative, take your stuff outside or find visually unique and appealing places in your home to arrange your items. For example, if you make handbags consider hanging them from a tree or putting them in public places to make a nice background. Make sure that your goods are the center of the photograph and do not get lost in the background. Use high quality and high resolution photographs for best web results. When choosing models, please consider that a lot of people may turn away from hats on a models head or shirts on someone’s body. Perhaps you could use sample items to display on people to show what it will look like on someone, but make it clear that the item they will be getting has never been worn.
Considering your models appearance is also important, it may be a bit superficial to think that people would judge your work based on your model, but would you buy clothing from a regular store that used models that looked dirty, sweaty or that the clothes did not fit properly?
Finally, be confident in your work and always remember that the devil is in the details.

Hot Careers with Click-and-Mortar Businesses

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A click-and-mortar business is a company that conducts business at a physical location as well as online, via the Internet. Prior to the major success of online e-tailer Amazon.com, most retail companies only existed as brick and mortar companies – or stores with physical storefronts. However, since the late 1990s, the Internet has become a major source of revenue for many retailers and small business owners alike.
As a result of this new form of revenue, new jobs have opened up for people in the online and physical storefront. Some of the more common jobs exist in customer service, shipping and receiving, and web design, to name a few. This article discusses the career opportunities for individuals who are interested in pursuing work with a click-and-mortar business and provides strategies on how to obtain these jobs.
One of the primary careers with click-and-mortar businesses is customer service. All companies require customer service to thrive and survive in the very competitive marketplaces in which they exist. In this day and time, the advent of the computer has enabled the consumer to gain an extraordinary upper-hand in identifying the best products to buy, obtain consumer feedback, and do comparison shopping for the best price. One of the main distinguishing factors in purchases is customer service. If someone purchases a product, they want to be sure the product is backed by solid customer support for questions, product returns, and other issues. No matter how streamlined a company’s online storefront may be customer service serves as one of the backbones to a company’s ultimate success.
To get a career in customer service, typically doesn’t require very formal or higher level education, other than a high school diploma or GED. More importantly, it requires a positive, upbeat personality of one who is sincerely committed to working diligently at providing the best representation of a company that one can.
Besides customer service, the next major career that is required for click-and-mortar businesses is the area of marketing. Marketing is crucial to the vitality and sustainability of a corporation. Without adequate marketing, a company may have a superior product but the general population will remain unaware without effective marketing. Jobs in this area typically require a college degree and are best suited for someone who is creative, forward-thinking, and adaptable to the ever-changing and fluid marketplace.
Lastly, web design and content management are other significant areas of click-and-mortar businesses. The primary functions in this area include someone who designs the Internet storefront, produces and edits the content of the site, and developers who write the coding and ensure the project is completed in adherence to the budget and allocated timeframe. For these types of positions, a college degree isn’t entirely necessary – companies primarily want someone with experience and knowledge who can handle and meet their Internet needs.
The best way to find jobs in these areas includes attending career fairs, searching online at various corporate websites, and perusing job boards. If you want to work for a particular company, it is also advantageous to network and begin to interact with others who are currently employed in these fields.