Restaurant tech start-up Toast soars to $8 billion valuation seven months after cutting half its staff

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Description: Toast, a start-up that sells software to help restaurants with online ordering, has had a rollercoaster of a year managing through the pandemic. Of late, business has been booming, Source: CNBC.com – video report Date: Nov 24, 2020 Link: https://www.cnbc.com/2020/11/23/restaurant-tech-start-up-toast-worth-8-billion-in-employee-share-sale.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: Explain the changing environment facing the firm. Do you think it can sustain… Read more »

8VC founder Joe Lonsdale on why he decided to move this company from California to Texas

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Description: 8VC founding partner and Palantir co-founder Joe Lonsdale wrote in an op-ed for the Wall Street Journal this week about why he decided to move his company from California to Texas. He joins ‘Power Lunch’ to discuss what tipped him over the edge and the reasons behind the decision. Source: CNBC.com – video report… Read more »

Lyft Co-founder on food delivery opportunities, future of ridesharing

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Description: Lyft Co-founder John Zimmer joins Yahoo Finance’s Brian Sozzi, Myles Udland, and Julie Hyman to discuss how the ride sharing company is faring amid COVID-19. Source: Yahoo.Finance.com – video report Date: Nov 12, 2020 Link: https://ca.finance.yahoo.com/video/lyft-co-founder-food-delivery-153323158.html Questions for discussion: How well is Lyft managing during this time of covid? What are the ways Lyft… Read more »

Coronavirus ‘dramatically accelerated’ e-commerce up to 5+ years: Kohl’s CEO

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Description: In a new interview, Kohl’s (KSS) CEO Michelle Gass told Yahoo Finance that COVID-19 has “dramatically accelerated” online shopping, shifting customer behavior up to five or more years earlier than it would have otherwise. Source: Yahoo.Finance.com – video report Date: Nov 05, 2020 Link: https://ca.finance.yahoo.com/news/coronavirus-dramatically-accelerated-ecommerce-kohls-ceo-151151159.html Questions for discussion: What has been the effect of… Read more »

Hanes Plummets as Champion Owner Announces a Business Review

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Description: Hanesbrands Inc. shares plunged as much as 16% after the company reported a review of its business and a slump in sales at a time when everyone’s wearing sweatpants. Date: Nov 05, 2020 Link: https://www.bloomberg.com/news/articles/2020-11-05/hanes-plummets-as-champion-owner-announces-a-review-of-business Questions for discussion: What is the financial story at the firm? What do you believes explains the decline in sales?… Read more »

Painful sell-off is running out of steam, market bull Ed Yardeni says

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Description: There may be some relief in sight for investors. Long-time market bull Ed Yardeni believes the painful sell-off is running out of steam. “I don’t expect more than a garden variety correction, which would be a 10-15% drop,” the Yardeni Research president told CNBC’s “Trading Nation” on Friday. Source: CNBC.com – video report Date: Nov… Read more »

Chipmakers AMD and Nvidia are using skyrocketing stock prices to make industry’s biggest acquisitions

Posted by & filed under Economic Analysis, Governments & Regulators, Growth & Valuation, Industry Analysis, Market Analysis, Personal Finance.

Description: The semiconductor industry is experiencing historic consolidation, thanks to a wild rally in the stock market. In the past six weeks, two of the biggest three acquisitions ever in the chip industry have been announced, after AMD said on Tuesday that it’s buying Xilinx for $35 billion. Last month, Nvidia agreed to acquire Arm from SoftBank in a deal worth $40 billion. Source: CNBC.com –… Read more »

Bond Defaults Deliver 99% Losses in New Era of U.S. Bankruptcies

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Description: Bankruptcy filings are surging due to the economic fallout of Covid-19, and many lenders are coming to the realization that their claims are almost completely worthless. Instead of recouping, say, 40 cents for every dollar owed, as has been the norm for years, unsecured creditors now face the unenviable prospect of walking away with just pennies… Read more »

The forces driving the Canadian dollar have changed — it’s not just oil and the Bank of Canada anymore

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Description: A catalyst is emerging for the Canadian dollar that is gnawing at the central bank’s influence and potentially its monetary policy: the performance of global equities. The loonie has traditionally been seen as a commodity-linked currency because of the country’s vast natural resources. But trillions of dollars of stimulus, along with interest rate cuts… Read more »

The bond market is starting to wake up with interest rates headed higher

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Description: The bond market appears to be waking up. After trading in a close range since June, Treasury yields are starting to break out of their range and look set to edge higher. The 10-year yield reached a high of 0.834% early Wednesday morning and was hovering just at the 0.80% level in afternoon trading…. Read more »