Description: If you’re wondering why Silicon Valley Bank, one of the biggest lenders to tech start-ups, had to be taken over Friday by the Federal Deposit Insurance Corporation, one good place to look is the Federal Reserve. Source: Nytimes.com Date: Mar 10, 2023 Link: https://www.nytimes.com/2023/03/10/opinion/silicon-valley-bank-federal-reserve.html Questions for discussion: Explain the demise at SVB as described in the… Read more »
Posts Categorized: Financial Planning
How the Wealthiest Got to Where They Are
Description: The super-rich have an affinity for private equity investment, an appetite for risk, and copious savings, according to a study of wealth creation in Norway over 22 years. Source: knowledge.wharton.upenn.edu Date: Mar 7, 2023 Link: https://knowledge.wharton.upenn.edu/article/how-the-wealthiest-got-to-where-they-are/?utm_campaign=KatW2023&utm_medium=email&utm_source=kw_campaign_monitor&utm_term=3-8-2023&utm_content=How_the_Wealthiest_Got_to_Where_They_Are Questions for discussion: What does the research say is how the wealthiest people became so wealthy? What do… Read more »
William Watson: The global inflation pandemic won’t end until the economy hits a wall
Description: Last two inflation pandemics only ended after real interest rates went big-time positive — almost to double-digits Source: FinancialPost.com Date: Feb 28, 2023 Link: https://financialpost.com/opinion/global-inflation-pandemic-wont-end-economy-hits-wall?utm_medium=Social&utm_source=Facebook&fbclid=IwAR1sws58ASzLstDBcfzlYtDA_ho92uRR3mi4pirYfp06AsF6WYrljrpRSv4#Echobox=1677599780 Questions for discussion: What does the report say about inflation, interest rates, and the strategies used to control both? What do believe will take place over 6the next year?… Read more »
Allbirds stock plunges after company admits missteps, unveils new strategy
Description: Footwear retailer Allbirds on Thursday unveiled a broad overhaul of its strategy and an executive shake-up after failing to post year-over-year quarterly sales growth for the first time in its history. Source: CNBC.com – video reports Date: Mar 09, 2023 Link: https://www.cnbc.com/2023/03/09/allbirds-bird-q4-earnings-2022.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: Explain the drop is share value? How much was this due… Read more »
iPhone supplier Foxconn will build a factory in India, moving away from China: Report
Description: Foxconn, one of Apple’s largest suppliers and a major manufacturer of iPhone components, will invest about $700 million to build a new plant in India’s Karnataka state, Bloomberg reported Friday. The report comes as U.S. companies continue to reevaluate their reliance on China in the wake of mounting tension between the U.S. and the… Read more »
Beyond Meat: Cost Cuts Working, Communicating Product Benefits A Longer Haul
Description: Once inflation cools off and people are educated about the dietary benefits of Beyond Meat’s plant-based products and their positive impact on the environment, the company could be in good shape. Until then, Beyond Meat is slashing production and other operating expenses and testing retail pricing initiatives as it contemplates new marketing messaging about… Read more »
Why investing in AI reminds me of 3D printing years ago: Michele Schneider
Description: Yahoo Finance’s Jared Blikre is joined by MarketGauge.com Director of Trading Education, Michele “Mish” Schneider, and StockCharts.com Chief Market Strategist, David Keller, CMT, as Michele discusses artificial intelligence. Source: Yahoo.Finance.com – video report Date: Feb 27, 2023 Link: https://ca.finance.yahoo.com/video/why-investing-ai-reminds-3d-130048642.html?contentType=VIDEO Questions for discussion: What are the arguments to holding back on AI investing today, according… Read more »
Nordstrom closing all of its Canadian stores, cutting 2,500 jobs
Description: Nordstrom Inc. is closing all of its Canadian stores and cutting 2,500 jobs as it winds down operations in the country. Source: BNNBloomberg.ca – video report Date: Mar 02, 2023 Link: https://www.bnnbloomberg.ca/nordstrom-closing-all-of-its-canadian-stores-cutting-2-500-jobs-1.1890535 Questions for discussion: What does the report say about the financial reasons behind the decision? Do you believe the decision is correct,… Read more »
Inside Peloton’s rapid rise and bitter fall — and its attempt at a comeback
Description: The fitness company is now a year into an aggressive turnaround plan under CEO Barry McCarthy that has altered the company’s identity. Source: CNBC.com Date: Feb 19, 2023 Link: https://www.cnbc.com/2023/02/19/peloton-rise-fall-attempted-comeback.html Questions for discussion: Summarize the turnaround effort at the firm and the directions management is now pointing towards. Do you think the revised orientation… Read more »
Nestle plans price hikes after inflation eats into profits
Description: For consumers, whose spending power has already been cut by inflation at multi-decade highs, they are likely to add to concerns about strained household budgets and weakened economies. Source: CNBC.com Date: Feb 16, 2023 Link: https://www.cnbc.com/2023/02/16/nestle-plans-price-hikes-after-inflation-eats-into-profits.html?&qsearchterm=nestle Questions for discussion: What have commodity prices done to the revenues and profits at Nestle? What can the… Read more »
