• Is it too hot to be outside? Plug in your ZIP code to check your city’s ‘heat risk’

    Daily HeatRisk map
    The CDC and NWS launched a HeatRisk map to forecast potential heat-related impacts in your area.

    • The CDC and National Weather Service launched a map to forecast heat-related impacts across the US.
    • It uses a five-tier color-numeric scale to indicate potential heat risks in your area.
    • The Midwest to Northeast will face record-breaking heat, possibly the longest in decades.

    With temperatures rising alongside your electric bills, the CDC and National Weather Service launched a HeatRisk map to help you determine whether you can handle the heat.

    By plugging in your ZIP code, you can find out just how scorching your area will be for the next seven days — and the possible risks. The map, which we first spotted thanks to The Verge, presents a seven-day forecast of the potential threat of heat-related impacts across the US.

    The heat index follows a five-tier color-numeric scale from green (little to no risk) to magenta (extreme). Without adequate cooling and hydration, anyone can be impacted at the level of magenta or red (major), the CDC and NWS said.

    Along with possible elevated risks for heat complications, HeatRisk also takes into consideration the duration of the heat and how unusual it is for that time of year and area.

    If you remember last summer's record-breaking heat, be prepared for some déjà vu in the next few months.

    The NWS reported that much of the Midwest to Northeast is set to see "the hottest temperatures of the summer," with possible daily and monthly high-temperature records for June. The heat wave's duration is "potentially the longest experienced in decades for some locations," the agency said.

    https://platform.twitter.com/widgets.js

    Heat waves aren't just annoying — they can sometimes be deadly.

    Last year, there were an estimated 2,300 heat-related deaths in the US, with many suffering from a lack of access to air conditioning. To avoid heat illnesses such as heat stroke and exhaustion, the NWS suggests people drink plenty of water even if they don't feel thirsty and wear loose-fitting, light-colored clothing.

    The most vulnerable groups to heat include young children and infants since their bodies are less adaptable to heat, and older adults, especially those who take certain medications that can interfere with body temperature regulation. Other high-risk individuals include people with chronic medical conditions and pregnant women.

    Extreme heat levels can also impact infrastructure, including transportation, utilities, and agriculture. It can strain electrical grids, water resources, and certain aircraft operational limits. A 2021 study indicated that high heat in the US could result in an estimated $100 billion in reduced productivity annually.

    Following the launch of its initial prototype for California only in 2013, HeatRisk is now the first variation to include information from the CDC about the health impacts of heat. HeatRisk is still an "experimental product," and the NWS is accepting public feedback via survey through September 30.

    Read the original article on Business Insider
  • I help tired moms take care of their newborns at night on top of my day job. It’s hard but rewarding work.

    A mother and a baby in its cot
    Jessica Hall said it was rewarding to help parents who were struggling to balance caring for newborns and returning to work.

    • Jessica Hall started working as a night nanny while she trained as an occupational therapist.
    • She told Business Insider some days she worked night shifts after a full day's work.
    • Hall said the job is challenging, but helping parents get some sleep and respite was worth it.

    This as-told-to essay is based on a transcribed conversation with Jessica Hall, a night nanny and occupational therapist in Chicago. It has been edited for length and clarity.

    When I was younger, I wanted to become a doctor. I moved from Arizona to Chicago and took some pre-med college classes in 2011. I realized it wasn't what I wanted to do. Then, I came across occupational therapy.

    I started interning in a clinic in 2012.

    I've been at the same clinic ever since and became a certified occupational therapist in 2019. I'm now the clinic lead and oversee physical therapy, social work, occupational therapy, and speech therapy. I specialize in working with children with autism.

    I started working as a night nanny on the side

    Jessica Hall
    Hall said it was rewarding to help parents who were struggling with balancing their newborns and going back to work.

    I was working in occupational therapy and nannying on the side when, in 2020, I came across Let Mommy Sleep, a night nanny service for parents.

    Lots of clients reach out because they need assistance with their kids at night; perhaps their child isn't sleeping through the night, and they're back at work, or they need help with sleep training. Many parents need help at night when they have to go back to work.

    I needed to know about pediatrics and child development for my occupational therapy training. Seeing how they interact with their family at night is helpful for my day job. I started taking on cases as a night nurse with Let Mommy Sleep in 2022.

    I worked as a night nurse on top of my day job

    I love being busy. I worked in my day job from 10 a.m. to 6.30 p.m. When I got home, I'd have dinner and speak to friends and family. Then, I'd go to sleep for two hours before my shift as a night nanny. I did night nanny shifts two or three times a week, though sometimes I did it five times a week.

    Most of my cases were between 30 minutes to an hour away. My shifts were from 10 p.m. to 6 or 7 a.m. I'd take care of the dishes and laundry, make sure the babies were fed, and check on the parents.

    Then I'd go home, sleep for two hours, and head to work again. I'd have to be very structured with my time to make it work. Sometimes, I'd have to turn down fun things to make sure I was getting enough sleep in my week.

    I'd get paid between $22 and $26 an hour as a night nanny.

    It's a challenge, but it's worth it

    I worked with a lot of moms who felt they didn't have the time to look after themselves or that their own care was trivial. It was important for me to make sure they did things that helped them feel good about their day, such as taking a shower, getting out of bed and being able to hold their baby, or any daily activities they did before they had kids.

    It was a privilege to see babies learn to roll over, crawl, or walk. Even at night, I got to know them and their personalities.

    I worked with one family for a year. They had two babies, and they already had two children. Both of the parents sometimes worked night shifts. Both of the babies would vomit up their milk and cry through the night. Some of those nights were very long. Their mom would want to help out, and I'd have to encourage her to take a nap. She'd have to get up at 5 a.m. to get her other kids ready for school.

    After we got the babies sleep-trained, their mom was so excited that she could get a couple of hours of sleep.

    It was hard but rewarding. I decided to take a break this year. Now, I take on clients on a case-by-case basis.

    I started my own business

    I decided to start my own in-home service, Sensory Sitters, to help families with children with special needs.

    In Illinois, respite is expensive, and there's a long waiting list for state-subsidized vouchers.

    A lot of families have caregiver burnout. I'm there to give parents a break. Right now, it's just me, but I'm looking to expand my business.

    Read the original article on Business Insider
  • Here are the top 10 ASX 200 shares today

    A bored man sits at his desk, flat after seeing the latest news on the share market.

    The S&P/ASX 200 Index (ASX: XJO) endured a bumpy hump day session this Wednesday, recording a drop despite a stint in positive territory this morning.

    By the time the markets closed, the ASX 200 had retreated by 0.11%, leaving the index at 7,769.7 points.

    This miserable day for the Australian markets comes after a slightly more optimistic night over in the United States.

    The Dow Jones Industrial Average Index (DJX: DJI) managed to put on a decent 0.15%.

    The Nasdaq Composite Index (NASDAQ: .IXIC) wasn’t quite as motivated though, inching up 0.029%.

    But time to return to the ASX with a look at how the various ASX sectors handled today’s trading.

    Winners and losers

    We saw a pretty even split between the red and green sectors this Wednesday.

    Starting with the red ones, industrial shares were the worst place to be invested in this session. The S&P/ASX 200 Industrials Index (ASX: XNJ) tanked by 0.61% by the closing bell.

    Financial stocks also had another rough day, with the S&P/ASX 200 Financials Index (ASX: XFJ) given a 0.36% demotion.

    Communications shares were just behind that, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) losing 0.24%.

    Utilities stocks were on the same page. The S&P/ASX 200 Utilities Index (ASX: XUJ) also dropped 0.24%.

    Real estate investment trusts (REITs) found themselves on investors’ bad side too, as you can see from the S&P/ASX 200 A-REIT Index (ASX: XPJ)’s 0.14% slide.

    Our last losers were mining shares. But barely, as the S&P/ASX 200 Materials Index (ASX: XMJ) slipped just 0.01% lower.

    Turning now to the winners and gold stocks led the pack. The All Ordinaries Gold Index (ASX: XGD) shone today, shooting up 1.11%.

    Energy shares also had a party, with the S&P/ASX 200 Energy Index (ASX: XEJ) seeing a 0.85% improvement.

    Consumer staples stocks were in demand as well. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) managed a 0.46% rise.

    Its consumer discretionary stablemate wasn’t quite as sought after, but no one would mind the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)’s 0.07% climb.

    Healthcare shares lived up to their name too, if only just. The S&P/ASX 200 Healthcare Index (ASX: XHJ) lifted 0.04% by market close.

    Finally, tech stocks eked out a gain as well, although the S&P/ASX 200 Information Technology Index (ASX: XIJ)’s 0.4% probably didn’t set anything on fire.

    Top 10 ASX 200 shares countdown

    Leading the Index charge this Wednesday was healthcare stock Telix Pharmaceuticals Ltd (ASX: TLX). Telix shares had a wonderful session today, rocketing up 4.36% to $17.95 a share.

    There wasn’t any news out of the company itself that would explain this, but perhaps some recent love from an ASX broker got investors in a buying mood.

    Here’s how the rest of today’s winners list panned out:

    ASX-listed company Share price Price change
    Telix Pharmaceuticals Ltd (ASX: TLX) $17.95 4.36%
    Light & Wonder Inc (ASX: LNW) $148.18 4.21%
    Deep Yellow Limited (ASX: DYL) $1.485 4.21%
    Mirvac Group (ASX: MGR) $1.925 3.22%
    Sigma Healthcare Ltd (ASX: SIG) $1.30 2.77%
    Treasury Wine Estates Ltd (ASX: TWE) $12.41 2.73%
    Genesis Minerals Ltd (ASX: GMD) $1.81 2.55%
    Bellevue Gold Ltd (ASX: BGL) $1.835 2.51%
    Data#3 Ltd (ASX: DTL) $8.18 2.00%
    Pro Medicus Limited (ASX: PME) $135.98 1.86%

    Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

    The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

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    Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Light & Wonder, Pro Medicus, and Telix Pharmaceuticals. The Motley Fool Australia has recommended Light & Wonder, Pro Medicus, Telix Pharmaceuticals, and Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • We see patterns everywhere. That’s not always helpful.

    Four hands in mid-air, each holding a jigsaw piece, bring their pieces together to complete the puzzle.

    Well, there’s been a bit going on this week… and it’s only Wednesday.

    We’ve had an interest rate decision, a new ‘largest company’ in the US, and the unveiling of a new energy policy from the federal Coalition.

    No, I’m not going to wade into the climate/energy wars. At least not here and now (though I have a fascinating episode of our podcast, The Good Oil, coming out on that… Subscribe to the podcast feed here so you don’t miss it!).

    But I do want to address the other two. Let’s do it in reverse order.

    Computer chip company, Nvidia, became the new king: the largest US company, measured by market capitalisation (the total value of all of its shares). Its value hit $5 trillion overnight, now leading Microsoft and Apple.

    If you haven’t been following the story, Nvidia’s chips are in hot, hot, demand as the chip du jour to power artificial intelligence. Sales and profits are going through the roof.

    So… is the company’s share price.

    In fact, get this: in the last 5 years, the share price has gone from US$3.79 to US$135.58 – that’s a 35-fold increase in half a decade.

    But also, get this: America’s most valuable company has a price-earnings ratio of… 80 times.

    Now, the average across the market usually runs between 15 and 20 times. So 80 is… a lot. A lot of future growth from a company that’s already the largest one in the US!

    Which doesn’t mean, for a second, that it can’t happen. People said Amazon was overpriced at 1% of the current share price (I own shares, for the record, but I bought much later than that!). People said Apple’s run was done more than 50% ago.

    So, I’m not writing off Nvidia’s chances. Just… flagging that a lot is expected of a company whose shares are already at the top of the heap.

    And so to interest rates.

    Well, not the rates themselves – we know they’ve been kept on hold. But the commentary that came with it. Foremost was the strongest words yet from a Reserve Bank Governor, to the effect that Federal and State Treasurers are adding stimulus to the economy at the very time the RBA is desperately trying to cool it down.

    And, as we all know, there are income tax cuts and energy rebates to come, federally, Queensland’s government is throwing an extraordinary amount of money around, and NSW has announced new spending.

    Which… makes for a very difficult environment for the Australian economy, with plenty of people doing it very tough, and a lot who are doing very nicely.

    No, I don’t have a magic wand, or a simple answer. But I do know that when the RBA has its foot on the brake while governments have theirs on the accelerator, something isn’t working.

    And, ideology aside, I think it’s likely that electoral temptations are overwhelming the better advice for governments to do more to cool the economy, using the scores of tools at their disposal. They should do the right thing… not the popular thing.

    Why, you ask, am I mentioning all of this?

    Well, in part because the more things change, the more they stay the same: there’s always something to worry about, some clouds on the horizon, and some company that’s supposed to be the next big thing (or already is, and is going to get bigger).

    But in part because there are false positives (apparent correlations that really aren’t) and false negatives (the reverse) all the time. Is Nvida going to prove the doubters wrong, a la Amazon, or be more like Cisco, the dot.com darling that is still 40% below its all-time high, set back in early 2000? Will rates keep rising? Fall? Will we have or avoid a recession?

    I’ve lost track of the number of times people tell me that ‘It’s just like back in…’, or ‘This is just like [Company X]’.

    Sometimes, of course, it is. But sometimes it’s not.

    As investors, we need to be very, very careful of noticing an historical similarity, and assuming it’ll be instructive… or that it won’t.

    Which you know is logically true. And yet… we humans are pattern-seeking machines. It’s an enormous evolutionary advantage, but it can mislead us when it comes to our portfolios.

    What happens next, for Nvidia, and for rates?

    I have no idea. Nor do you. (And if you think you know for sure, can I suggest you allow for a little more uncertainty?)

    What I do know is that long term compound returns have been earned through, and in, all sorts of markets, with all sorts of headlines and all sorts of fears. There have been all sorts of companies at the top of the market-cap pops.

    And I’ll make one fearless prediction – that reality will be with us for as long as there are sharemarkets!

    We might as well make our peace with it, invest regularly, prepare for volatility, and keep our eyes on the long term.

    Fool on!

    The post We see patterns everywhere. That’s not always helpful. appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

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    John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Scott Phillips has positions in Amazon and Microsoft. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Amazon, Apple, Cisco Systems, Microsoft, and Nvidia. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has recommended Amazon, Apple, Microsoft, and Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • It’s only a day until ASX investors can buy Guzman y Gomez shares

    Two children and a dog get set to launch their friend rocketing high into the sky.

    Time is ticking down to one of the biggest initial public offerings (IPOs) the ASX has seen in years. Tomorrow, Guzman y Gomez shares will join the ASX boards, giving all Australian investors the opportunity to buy shares in this Mexican-themed fast food chain.

    As we’ve covered extensively here at the Fool, Guzman’s ASX IPO has been long in the making. After years of rumours, the company will make its ASX debut tomorrow when its shares begin trading on the public markets on a deferred settlement basis from midday – 11.1 million Guzman shares, to be precise.

    Yep, the company hopes to float 11.1 million shares on the ASX, with an IPO price of $22 a pop. If all goes to plan, that would value the business at around $2.2 billion. The restaurant chain’s ticker code is set to be the easily-memorable GYG.

    As we’ve also covered this month, this valuation could be described as ‘optimistic’. My Fool colleague James recently went through the views of Tamim Asset Management’s Ron Shamgar. There was an extract of what the fund manager had to say on Guzman’s “eye-watering” $22 IPO price:

    The IPO values GYG at an enterprise value to operating earnings multiple of 32.5 times, significantly higher than Domino’s Pizza at around 18 times and Collins Foods Limited at just over 14 times…

    While GYG’s growth ambitions are impressive, investors would be wise to approach this IPO with caution. The rich valuation in comparison to other QSR players raises questions about whether the hype surrounding the offering is justified…

    History has shown that many high-profile IPOs struggle to live up to their lofty expectations once the initial excitement fades. Rather than getting caught up in the frenzy, prudent investors may be better served by waiting on the sidelines to see how GYG’s growth story unfolds as a public company.

    Guzman y Gomez shares primed for ASX IPO

    This is notable. If Guzman does command a market capitalisation of $2.2 billion, it would slide right between KFC operator Collins Foods Ltd (ASX: CKF) and Domino’s Pizza Enterprises Ltd (ASX: DMP). Domino’s and Collins Foods currently boast market caps of $1.09 billion and $3.3 billion respectively.

    Interestingly, when Collins Foods debuted on the ASX boards back in 2011, it floated at a stock price of $2.50. But only a few months later, early investors were nursing a nasty burn when the company fell down to less than $1.20 per share.

    Of course, those who held on have done well, given that Collins Foods stock was asking $9.26 at Wednesday’s close. But no doubt, those investors who buy Guzman shares when they list on the ASX will be hoping for a different outcome.

    Potential Guzman investors might find confidence in the fact that management and the company’s largest investors will be in their bunker, financially speaking. Even after Guzman’s IPO, senior management (including founder Steven Marks) and existing substantial investors will still hold 62% of the company’s outstanding stock.

    No doubt these big fish will be the ones watching tomorrow’s Guzman IPO with the most anticipation. Let’s see how it goes.

    The post It’s only a day until ASX investors can buy Guzman y Gomez shares appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

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    Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises. The Motley Fool Australia has recommended Collins Foods and Domino’s Pizza Enterprises. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 3 ASX healthcare shares smashing new 52-week highs today

    Three health professionals at a hospital smile for the camera.

    With the S&P/ASX 200 Health Care Index (ASX: XHJ) dipping slightly into the red on Wednesday, it’s been a different story for three individual ASX healthcare shares.

    Pro Medicus Limited (ASX: PME), Race Oncology Ltd (ASX: RAC), and Regis Healthcare Ltd (ASX: REG) have all hit fresh 52-week highs in trading today.

    Here’s a look at what’s driving investor confidence within each company.

    Pro Medicus continues strong performance

    Pro Medicus shares nudged its new 52-week high of $135.67 this afternoon. This continues the ASX healthcare share’s impressive gain of more than 97% over the past year — and outperforming the healthcare sector by more than 88%.

    The recent surge follows several positive developments. For example, Pro Medicus’ US subsidiary, Visage Imaging, recently secured five new customer contracts valued at $45 million, as my colleague Bernd reported.

    Goldman Sachs values the ASX healthcare stock as a buy with a $136.00 per share price target.

    In a note from May, the broker said Pro Medicus was “well positioned into FY25 given a full year benefit of some large, high-profile contracts”. It also liked the “accelerating frequency and size of [the company’s] new contract wins”.

    CommSec shows the ASX healthcare share rated as a moderate buy from the consensus of analyst estimates.

    Race Oncology leaps on FDA news

    Race Oncology also hit a new 52-week high of $2.09 on Wednesday, continuing its buying trend from Tuesday.

    This came after the company announced that the US Food and Drug Administration (FDA) had extended the Rare Paediatric Disease Designation (RPDD) of its novel drug compound, RC220 bisantrene.

    The compound is indicated for treating childhood subtypes of acute myeloid leukaemia (AML).

    “US FDA RPDD is granted for new treatments of serious or life-threatening diseases which affect fewer than 200,000 people in the US and which primarily affect individuals less than 18 years of age”, the announcement read.

    This designation qualifies Race Oncology to receive a “highly valuable” Priority Review Voucher (PRV). Recent PRV sales “to third parties on the open market” have fetched around US$110 million.

    The news has benefitted the ASX healthcare share, which now stands around 49% higher over the past 12 months.

    Regis Healthcare on a high

    Regis Healthcare was the third ASX healthcare stock to reach a 52-week high today, touching $4.36 in morning trade. The company is a healthcare giant and one of Australia’s largest providers.

    Analysts at Macquarie recently upgraded Regis Healthcare’s rating to outperform, with a price target of $5.50. This upgrade follows favourable recommendations from the Aged Care Taskforce, which looks at innovation in the healthcare sector.

    The company’s recent acquisition of CPSM, completed in December, added five high-quality aged care homes to its portfolio. As reported by my colleague Tristan, it now boasts 68 residences with a combined total of 7,604 beds.

    Regis Healthcare shares are up 96% in the past 12 months.

    The post 3 ASX healthcare shares smashing new 52-week highs today appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

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    Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Pro Medicus. The Motley Fool Australia has recommended Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • She grew up helping her grandparents run a shoemaking shop. In college, she came up with a plan to save it.

    Woman working at a desk on a sewing machine
    Miru Wong the third-generation owner of Sindart, a hand-embroidered shoemaking shop in Hong Kong.

    • Miru Wong, 33, grew up with her grandparents in Hong Kong and helped out at the family shoemaking shop.
    • For her final year project in college, she worked on a rebrand for the family business.
    • She's now the third-generation owner, determined to keep a dying trade alive.

    Miru Wong was working on her final year project at the Polytechnic University in Hong Kong when she realized what she wanted to be when she grew up.

    She was enrolled in a visual communication design course and, for the project, created a proposal for rebranding her family's shoemaking shop, Sindart. Her grandfather had opened the shop in 1958 to make and sell traditional hand-embroidered slippers.

    "My plan was to rebrand the shop, by improving the old patterns and functionality of the products, adding new designs, and promoting the knowledge and heritage craftsmanship of embroidered shoes," she told Business Insider.

    Her plan included increasing the product range, organizing workshops, and promoting the brand. She said she had sadly been watching the craft become one of Hong Kong's disappearing trades.

    "Initially, I hadn't thought about joining the family business, but after I made the business plan, I knew I wanted to pursue it," she said.

    Old grandfather holding young girl outside of Hong Kong shoe shop
    Miru Wong with her grandfather Wong Tat-wing at the original Sindart shop.

    She graduated at 22 with a bachelor's degree and got started at the shop. Remaining true to her grandfather's vision of providing affordable options, Wong has kept prices reasonable. The cheapest pair is made without embroidery and costs 99 Hong Kong dollars, or $12. For more detailed shoes, prices go up to around HK$300, or $38.

    Wong says most of the materials — including nylon, silk, satin, and brocade — are sourced from Hong Kong, Japan, and Europe. She says the store sells 80 to 100 pairs of shoes a week.

    But as the shop's third-generation owner, Wong, now 33, has had to make changes. Here's what she's been focusing on over the past decade to keep the store running.

    Panda design on embroidered slipper from Sindart in Hong Kong
    Wong's new panda design is has become a crowd favorite.

    In with the new

    "It's important to continuously improve the product design, functionality, and aesthetics to stay relevant and appealing to consumers while preserving the core traditional techniques," she said.

    After she took the helm, she said she focused on infusing fresh energy into the business. Introducing new designs, such as the crowd-favorite panda in various colors, she aimed to captivate a younger audience. She also honored her late grandfather's legacy by preserving many of his timeless, original designs.

    "Back in the old days, my grandfather made the slippers for indoor use only," she said. "So after I graduated, I wanted to create more outdoor designs while also expanding the collection to offer wedding styles and casual, everyday options." She now has around 300 designs, including that of her grandfather's.

    Woman holding hammer and crafting traditional slippers in Hong Kong
    Wong reguarly hosts workshops on how to craft shoes by hand.

    Passing down the skills

    Wong said that her workshops, demonstrations, and exhibitions help spread the word and she's been noticing a resurgence of interest in artisanal and bespoke products across Hong Kong.

    Others feel that more can be done in order to pass down the skills in Hong Kong. "We should encourage the transfer of skills from experienced shoemakers to younger generations through apprenticeship programs," Erin Cho, Ph.D., a professor at The Hong Kong Polytechnic University's School of Fashion and Textiles told BI. "Educational institutions could offer courses in shoemaking and footwear design to spark interest in the craft."

    Woman modeling her Hong Kong shoes outside of a black door
    Wong shows off different styling ideas for her customers on social media.

    Gaining a wider reach

    Social media has played a large part in promoting Wong's business. With 26,000 followers on Instagram, Wong engages her audience by offering styling advice for her shoes and sharing behind-the-scenes videos showcasing the intricate process of crafting each delicate piece.

    "My customers love to know how to dress up with the shoes and how to match them with their outfits," she said.

    Passion is key

    Training and mentoring are needed to safeguard the traditional craft's long-term sustainability. "It's a very special industry because it's a combination of two crafts — handmade Chinese embroidery and shoemaking," Wong said. "I want to promote the craft because it's a very valuable Hong Kong tradition and people can learn about the significance behind the designs."

    But it's not easy. "Rising labor costs in Hong Kong also make it difficult for traditional shoemakers to maintain profitability," Cho said. The professor went on to say that there may be a lack of younger craftsmen taking up this profession.

    Lindsay Varty, the author of Sunset Survivors, a book about keeping Hong Kong's traditional industries alive, told BI that the high cost of rent combined with the modern technology being used to replace these industries make it difficult.

    Woman embroidering shoe designs in Hong Kong
    Wong handcrafts the shoes at the shop throughout the week.

    "But I think the main reason many of these old trades are disappearing is because of a complete lack of willing successors; in the past, you followed your family into whatever trade they were in, but now, no one with a school or university education wants to become a knife sharpener, face threader, or shoemaker when they could get a job with better hours and better pay," Varty said.

    Luckily for Wong's family, this wasn't the case.

    Regarding the continuation of the business into its fourth generation, Wong is presently unmarried with no kids. She said she'll have to see if any future children share her level of interest in the business. "I'll see if they ask me to teach them because I think you have to be very interested in this craftsmanship," she said. "And if you really take over this business, you have to be very in love with it, like I am."

    Read the original article on Business Insider
  • Should you buy Brickworks or Soul Patts shares today?

    A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares

    If you’re keeping an eye on the Australian stock market, you’re likely familiar with the fantastic companies, Brickworks Limited (ASX: BKW) and Washington H Soul Pattinson & Company Ltd (ASX: SOL).

    Both companies boast strong, shareholder-friendly cultures and have a unique circular shareholding structure where they own each other’s shares.

    Brickworks, a renowned name in the building materials sector, has a history of consistent performance. Its diversified portfolio, including property and investments, provides a solid foundation for its earnings.

    On the other hand, Soul Patts, with its investments spread across various industries such as telecommunications, mining, and agriculture, presents a unique proposition for investors looking for wide-ranging exposure.

    Now, the big question is, if you had to pick just one company to invest in, would you go for Brickworks or Soul Patts shares today?

    Financial health

    Brickworks has consistently maintained a robust balance sheet with low debt levels. As at December 2023, Brickworks has a net debt of $1.2 billion compared to equity of $3.48 billion.

    This positions it well to navigate any economic downturns and capitalise on growth opportunities without the pressure of high-interest payments.

    Soul Patts has a net cash position of $285 million compared to its equity of $9 billion. The company boasts a strong financial position, with diversified income streams providing a buffer against sector-specific downturns.

    Growth outlook

    Regarding growth prospects, both companies have demonstrated their capability to adapt and thrive.

    For Soul Patts, the focus has been on strategic investments in industries with high growth potential. Its ability to identify and capitalise on such opportunities has historically resulted in impressive returns for shareholders.

    Brickworks has been expanding its presence in the US, opening new avenues for growth beyond the Australian market. This international expansion could significantly impact its bottom line in the coming years.

    In addition to the US potential, Brickworks is well-positioned to benefit from the ongoing shortages in industrial properties. The most exciting one for me is its land holdings in Western Sydney, but the company also owns many other parcels of land in Australia and the US.

    Dividends

    Soul Patts shares offer a dividend yield of 2.73% compared to Brickworks’ 2.44%.

    While the difference in yields is very little, Soul Patts has demonstrated faster dividend growth recently. Over the past five years, Soul Patts has raised its dividends at around 9% per year, higher than approximately 3% for Brickworks.

    Which shares are cheaper?

    The Brickworks share price appears slightly cheaper than Soul Patts on a price-to-earnings ratio (P/E) and price-to-book (P/B) ratio basis. Using FY25 earnings estimates by S&P Capital IQ:

    • Soul Patts shares are trading at a P/E ratio of 24x and a P/B ratio of 1.2x
    • Brickworks shares are trading at a P/E ratio of 19x and a P/B ratio of 1.1x

    Foolish takeaway

    While I like both of these ASX dividend shares for their stability and track records, my pick would go to Brickworks shares because they have a better growth prospect and slightly cheaper valuations today.

    The post Should you buy Brickworks or Soul Patts shares today? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

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    Motley Fool contributor Kate Lee has positions in Brickworks. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Are Santos shares a good investment right now?

    A male oil and gas mechanic wearing a white hardhat walks along a steel platform above a series of gas pipes in a gas plant

    Santos Ltd (ASX: STO) shares are outperforming the benchmark today.

    In late afternoon trade, shares in the S&P/ASX 200 Index (ASX: XJO) energy stock are up 0.7%, swapping hands for $7.40 apiece.

    That compares to a 0.2% loss posted by the ASX 200 at this same time.

    Over the full year, however, Santos has underperformed the benchmark. Santos shares are down 2.3% over 12 months compared to a 6.4% gain posted by the ASX 200.

    This doesn’t include the 40.2 cents a share in unfranked dividends Santos delivered over the year. That sees that stock trading on a trailing yield of 3.8%.

    Now, that’s all water under the bridge today.

    Looking ahead, are Santos shares a good investment right now?

    Time to buy Santos shares?

    The answer to that question is somewhat dependent upon who you ask.

    Catapult Wealth’s Dylan Evans isn’t a big fan of Santos shares at the moment, with a sell recommendation on the stock.

    According to Evans (courtesy of The Bull), “We prefer to have limited exposure to oil and gas given developed countries are beginning to transition from fossil fuels to cleaner energy, albeit slowly.”

    Evans added:

    There’s little doubt LNG will continue to be an important energy solution for years to come. However, gas prices are closely linked to oil markets, which were recently showing signs of oversupply as demand falls. OPEC is reluctant to cut supplies to support prices as it doesn’t want to run the risk of losing market share.

    Goldman Sachs has a decidedly more bullish take on Santos shares.

    Following Santos’ full-year results, reported on 21 February, the broker reinstated Santos as a buy, citing “significant valuation discount with strong production growth to offset global gas price weakness.”

    Goldman placed a $8.60 price target on Santos shares. That’s more than 16% above current levels.

    Goldman noted:

    We expect 2024 to be the trough for STO production and earnings as Barossa and Pikka start up over 2025-2026 and support a ~10% production CAGR over the next 3 years, offsetting the impact from softening global gas prices as the LNG market moves back into material oversupply.

    With key growth project Barossa materially de-risked following the Federal Court’s Jan 15 Judgment to lift the injunction halting pipeline installation and a lack of challenges to NOPSEMA project approvals, we see attractive valuation with STO trading at ~0.8x NAV.

    As for the oil price, Brent crude oil reversed a lengthy slide on 4 June, when Brent was trading for US$77.52 per barrel. Today that same barrel is worth US$85.32, up 10.1%.

    And in what could offer some tailwinds for Santos shares over the coming months, Aldo Spanjer, a senior commodities strategist at BNP Paribas, has a bullish outlook for oil in the quarter ahead.

    “I’m comfortable being bullish for Q3 still,” Spanjer said (quoted by Bloomberg).

    “While June looks weak, I think demand comes up for diesel, gasoline and particularly jet. That’s a pretty strong demand increase over the next two to three months.”

    The post Are Santos shares a good investment right now? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

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    Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Boeing CEO David Calhoun says he’s ‘proud’ of the company’s safety record

    Boeing CEO Dave Calhoun arrives as family members of those killed in the Ethiopian Airlines Flight 302 and Lion Air Flight 610 crashes hold up photographs of their loved ones before a Senate Homeland Security and Governmental Affairs Investigations Subcommittee hearing on Boeing's broken safety culture on Capitol Hill on June 18, 2024 in Washington, DC.
    Boeing CEO Dave Calhoun arrives at a Senate hearing on Boeing's broken safety culture in Washington, DC, as family members of those killed in the Ethiopian Airlines Flight 302 and Lion Air Flight 610 crashes hold up photographs of their loved ones.

    • Lawmakers grilled Boeing CEO David Calhoun about the company's safety standards during a hearing on Tuesday.
    • Before the hearing, the Senate subcommittee released a new report with fresh allegations against Boeing.
    • However, Calhoun insisted during the hearing that he's "proud" of the company's safety standards.

    Boeing CEO David Calhoun defended the aviation company's safety record during a Senate hearing on Tuesday amid the safety concerns that have plagued Boeing planes in recent months.

    During the hearing, Sen. Josh Hawley of Missouri grilled Calhoun, accusing him of "cutting corners."

    "You are eliminating safety procedures. You are sticking it to your employees. You are cutting back jobs because you're trying to squeeze every piece of profit you can out of this company," Hawley said, per a clip from the hearing uploaded onto YouTube. "You're strip-mining it. You're strip-mining Boeing."

    Sen. Hawley also mentioned Calhoun's nearly $33 million payday for last year and asked the CEO why he still has not resigned.

    "Senator, I'm sticking this through. I'm proud of having taken the job. I'm proud of our safety record. And I am very proud of our Boeing people," Calhoun said.

    "You're proud of the safety record?" Sen. Hawley interrupted.

    "I am proud of every action we've taken," Calhoun said.

    "Frankly, sir, I think it's a travesty that you're still in your job," Sen. Hawley responded.

    Calhoun took over Boeing in January 2020, during a period when the company's 737 Max planes were grounded following two fatal crashes that killed 346 people.

    Relatives of those killed in the crashes of the Lion Air Flight 610 in 2018 and the Ethiopian Airlines Flight 302 in 2019 were also present at the hearing. Some of them held up photographs of their deceased loved ones.

    The hearing was the first time a high-ranking Boeing official appeared before Congress, ever since a 737 Max 9 door plug blew out of an Alaska Airlines flight in January.

    Calhoun announced in March that he would retire by the end of the year, but the company is having trouble looking for a replacement.

    Hours before the hearing, the subcommittee investigating Boeing's safety practices released a 204-page report that contained new whistleblower allegations that the 737 program was losing faulty parts, which may have made their way into new aircraft.

    Boeing did not respond to a request for comment on Calhoun's exchange with Sen. Hawley. However, a representative told BI the company was reviewing the new whistleblower claims.

    "We continuously encourage employees to report all concerns as our priority is to ensure the safety of our airplanes and the flying public," a Boeing spokesperson said.

    Read the original article on Business Insider