Description: Intel announced on Tuesday that it will spend $20 billion to build two new chip factories, called fabs, in Chandler, Arizona. Intel stock rose as much as 5% on the news in extended trading on Tuesday. Source: CNBC.com Date: Mar 23, 2021 Link: https://www.cnbc.com/2021/03/23/intel-is-spending-20-billion-to-build-two-new-chip-plants-in-arizona.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: What is so significant about the Intel announcement… Read more »
Monthly Archives: March 2021
BorgWarner Shares Drop After New EV Vision Fails to Impress
Description: (Bloomberg) — BorgWarner Inc.’s attempt to garner more respect from investors for its effort to shift to electrification fell flat, triggering an 8% slide in the auto-parts maker’s shares on the day it presented its strategic vision. Source: Yahoo.Finance.com and Bloomberg.com Date: Mar 24, 2021 Link: https://ca.finance.yahoo.com/news/borgwarner-shares-drop-attempt-showcase-225352524.html Questions for discussion: Explain the stock price… Read more »
Steve Case Has Bet on Rust Belt Startups for Years. In the Pandemic, More VCs Have Joined Him
Description: VCs used to view the heartland as an investment desert. But the pandemic has altered the whole idea of place. Source: INC.com Date: Mar 19, 2021 Link: https://www.inc.com/magazine/202104/bill-saporito/steve-case-rise-of-the-rest-midwest-cities-startup-hub-ecosystem.html Questions for discussion: How is Steve Case changing the VC landscape? Will this change the geographic distribution of technology startups, in your opinion?
Canadian oil producers see new route to Gulf Coast refineries coming from CP Rail deal
Description: Rail route ‘looks promising’ after cancellation of Keystone pipeline Source: FinancialPost.com Date: Mar 23, 2021 Link: https://financialpost.com/commodities/energy/canadian-oil-producers-see-new-route-to-gulf-coast-refineries-coming-from-cp-rail-deal Questions for discussion: What does the deal mean for Alberta oil transportation to the Gulf refineries? How should investors look at the value of this component in relation to the rail stock?
H&M blasted on Chinese social media for pulling Xinjiang cotton
Description: Chinese net users have called for a boycott of Hennes & Mauritz AB because it won’t use cotton from Xinjiang, thrusting the world’s second-largest clothing retailer into the Asian nation’s human rights controversy. Source: BNNBloomberg.com – video report Date: Mar 24, 2021 Link: https://www.bnnbloomberg.ca/h-m-blasted-on-chinese-social-media-for-pulling-xinjiang-cotton-1.1581583 Questions for discussion: Summarize the issues involved in this report…. Read more »
‘This is a low-cost peoples’ vaccine:’ Expert on India’s Biological E vaccine
Description: Johnson & Johnson (JNJ) is getting lots of help both at home and abroad to get its COVID-19 jab out to the masses. In the U.S., Merck (MRK) stepped up to begin the process this month, while in Europe, Sanofi (SNY) has offered to help fill and finish vials. And in India, J&J has… Read more »
Minority Asset Managers Are Still Waiting for a Social Justice Bump
Description: Rachel Robasciotti says months after financial institutions vowed more diversity, running money is still a White guy’s game (Source: Bloomberg) Source: Bloomberg.com – video report Date: Mar 19, 2021 Link: https://www.bloomberg.com/news/videos/2021-03-17/minority-asset-managers-are-still-waiting-for-a-social-justice-bump-video Questions for discussion: What is the appeal made by Rachel Robasciotti to her industry? What explains the reluctance to increase diversity in your opinion?… Read more »
‘The Market Seems Crazy’: Start-Ups Wrestle With Flood of Offers
Description: As a deal frenzy mounts, propelled by financial vehicles known as SPACs, start-ups have become the prey. Source: NYTimes.com Date: Mar 19, 2021 Link: https://www.nytimes.com/2021/03/19/technology/the-market-seems-crazy-start-ups-wrestle-with-flood-of-offers.html Questions for discussion: What does the article say about SPACs? What do you think about the impact this activity is having on companies and the markets?
LinkedIn co-founder Reid Hoffman on diversity in Silicon Valley: ‘It’s top of mind, change is coming’
Description: Silicon Valley is hard at work to improve an otherwise dismal historical performance on diversity, says very well-connected LinkedIn co-founder and Greylock Partners partner Reid Hoffman. Source: Yahoo.Finance.com – video report Date: Mar 19, 2021 Link: https://ca.finance.yahoo.com/news/linked-in-co-founder-reid-hoffman-on-diversity-in-silicon-valley-its-top-of-mind-change-is-coming-174506884.html Questions for discussion: Summarize what the participants discuss in the video report in addition to the issue of diversity. What… Read more »
Rogers-Shaw deal puts feds in a corner on dream of a fourth wireless competitor
Description: There may be little – very little – that Stephen Harper and Justin Trudeau agree on, but their belief in the value of a so-called fourth competitor in Canadian wireless markets is indeed common ground. Source: BNNBloomberg.ca – video report Date: Mar 19, 2021 Link: https://www.bnnbloomberg.ca/rogers-shaw-deal-puts-feds-in-a-corner-on-dream-of-a-fourth-wireless-competitor-1.1579653 Questions for discussion: Summarize the pros and cons… Read more »