Chime is now worth $14.5 billion, surging past Robinhood as the most valuable U.S. consumer fintech

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Description: The fintech world has a new heavyweight. Chime, the start-up that delivers banking services through mobile phones, has closed a fundraising that values the company at $14.5 billion, CNBC has learned exclusively. Source: CNBC.com Date: Sep 18, 2020 Link: https://www.cnbc.com/2020/09/18/chime-is-now-worth-14point5-billion-surging-past-robinhood-as-the-most-valuable-us-consumer-fintech-.html Questions for discussion: What does the report say to help explain the success of… Read more »

Opinion: Want to retire rich? Start by unlearning some conventional wisdom

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Description: To manage our money better, often we don’t need to know more. Instead, we need to unlearn what we think we already know. Source: MarketWatch.com Date: Sep 18, 2020 Link: https://www.marketwatch.com/story/want-to-retire-rich-start-by-unlearning-some-conventional-wisdom-11600439080?mod=home-page Questions for discussion: What does the report say about investor thinking? What are your thoughts on the comments in the article?

Facebook Stock Sits on Key Support – Here’s the Trade

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Description: Facebook stock is sitting on a critical level of support. Should it fail, it could usher in lower prices. If it holds, here’s what bulls will need to see next. Source: TheStreet.com – video report Date: Sep 18, 2020 Link: https://www.thestreet.com/investing/trading-facebook-fb-stock-pullback Questions for discussion: What does the report say about the technical side of… Read more »

CIBC cuts portfolio managers, analysts, traders in drive for 5% reduction in staff

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Description: Many banks restarting job cuts put on hold during early days of pandemic Source: Bloomberg.com/FinancialPost.com – video report Date: Sep 18, 2020 Link: https://financialpost.com/news/fp-street/cibc-cuts-portfolio-managers-traders-in-drive-for-5-reduction/wcm/561ea7e5-db46-49e8-bf6e-c9b4cc365c8e/ Questions for discussion: What does this retrenchment mean for the industry? Why is it happening?

The holiday shopping season could start on 10/10/2020 with retailers hopeful that consumers will turn out early

Posted by & filed under Economic Analysis, Financial Planning, Industry Analysis, Management Issues.

Description: Forget Thanksgiving Day. The start to the holiday shopping season could be October 10, or 10/10/2020, according to Keith Jelinek, managing director in the retail practice at global consultancy Berkeley Research Group. Source: MarketWatch.com Date: Sep 16, 2020 Link: https://www.marketwatch.com/story/the-holiday-shopping-season-could-start-on-10-10-2020-with-retailers-hopeful-that-consumers-will-turn-out-early-11600197849?mod=home-page Questions for discussion: What is the basis for these notions of an earlier start… Read more »

Singapore to Pay Citizens for Keeping Healthy With Apple Watch

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Description: Apple Inc. and the government of Singapore have partnered on a two-year health initiative dubbed LumiHealth, which is built around tracking and rewarding user behavior through the Apple Watch gadget and an iPhone app. Source: Bloomberg.com – video report Date: Sep 15, 2020 Link: https://www.bloomberg.com/news/articles/2020-09-16/singapore-to-pay-citizens-for-keeping-healthy-with-apple-watch?srnd=premium-canada Questions for discussion: Describe the partnership plan between Apple, government,… Read more »

Nikola shares pop as much as 53% after General Motors takes 11% stake in electric truck maker

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Description: Shares of Nikola surged Tuesday after General Motors announced it’s taking an 11% stake in the electric truck maker and will produce its marquee hydrogen fuel cell electric pickup truck the Badger by the end of 2022. Source: CNBC.com – video report Date: Sep 08, 2020 Link: https://www.cnbc.com/2020/09/08/general-motors-takes-11percent-stake-and-2-billion-in-equity-in-electric-truck-maker-nikola-.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: Why did the stock jump so dramatically?… Read more »

Yes, It’s a Stock Market Bubble. That Doesn’t Mean Trouble for Investors Just Yet.

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Description: Every stock market bubble begins with a story, and make no mistake—this is a stock market bubble. Source: MarketWatch.com Date: Sep 12, 2020 Link: https://www.marketwatch.com/articles/the-market-is-a-bubble-but-that-doesnt-mean-troubleyet-51599862332?mod=home-page Questions for discussion: What does the report say about the current state of the market? Do you agree with this assessment and advice? What should investors do with this information,… Read more »

Citigroup’s Fraser to Be First Woman to Lead a Big Wall Street Bank

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Description: Jane Fraser, Citigroup’s president, will replace Michael Corbat as chief executive in February as he retires after eight years. Source: NYTimes.com Date: Sep 10, 2020 Link: https://www.nytimes.com/2020/09/10/business/citigroup-ceo-jane-fraser.html Questions for discussion: What does the report say about the changing attitude towards women in this sector? What are your thoughts on the subject?

Lightspeed looking to capitalize on pandemic trends with U.S. IPO, says CEO

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Description: The chief executive of Lightspeed POS Inc. says the company is looking to boost its profile and consider possible acquisitions in the wake of a share sale and stock listing south of the border. Source: FinancialPost.com Date: Sep 11, 2020 Link: https://financialpost.com/technology/lightspeed-looking-to-capitalize-on-pandemic-trends-with-u-s-ipo-says-ceo/wcm/f33e6dd5-5721-48e6-988d-2a0ce1547379/ Questions for discussion: Evaluate the statistics reported that would be of interest to… Read more »