Description: CEO Tim Cook confirmed that Apple will buy U.S.-made microchips at an event in Arizona on Tuesday, where President Joe Biden also spoke. Source: CNBC.com – video report Date: Dec 06, 2022 Link: https://www.cnbc.com/2022/12/06/tim-cook-says-apple-will-use-chips-built-in-the-us-at-arizona-factory.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: Why is Apple doing this? What are the implications for future global supply channels? What does this… Read more »
Posts Categorized: Financial Planning
How Analytics Is Changing Finance
Description: In the first session of this year’s Beyond Business discussion series, Wharton professors Michael Roberts and Daniel Taylor explored how analytics is influencing the field of finance, bringing new efficiencies while creating new challenges. Source: knowledge.wharton.upenn.edu – video report Date: Nov 29, 2022 Link: https://knowledge.wharton.upenn.edu/article/how-analytics-is-changing-finance/?utm_campaign=KatW2022&utm_medium=email&utm_source=kw_campaign_monitor&utm_term=11-30-2022&utm_content=How_Analytics_Is_Changing_Finance Questions for discussion: Summarize the key points made in… Read more »
Royal Bank agrees to buy HSBC’s Canada unit for $13.5B
Description: Royal Bank of Canada agreed to buy HSBC Holdings Plc’s Canadian unit — the country’s seventh-largest bank — for $13.5 billion in cash, expanding its roster of business clients and bulking up its retail presence on the West Coast as HSBC focuses on Asia. Source: BNNBloomberg.ca – video report Date: Nov 29, 2022 Link:… Read more »
In defensive interview, Sam Bankman-Fried claims he’s broke and committed no fraud
Description: Former FTX CEO Sam Bankman-Fried, in possibly the understatement of 2022, said Wednesday, “I’ve had a bad month.” The former billionaire added that he “didn’t do a good job” at upholding his responsibilities to regulators, customers and investors in a hotly anticipated conversation with CNBC’s Andrew Ross Sorkin at the DealBook Summit. Source: CNBC.com… Read more »
Wharton Professor Jeremy Siegel says stocks will soar 20% next year as inflation fades—but legendary investor Bill Ackman says not so fast
Description: In boardrooms at Fortune 500 companies, at swanky Wall Street bars, and in the halls of business schools across the country, there’s been a consistent debate over “what’s next?” for U.S. inflation over the past year. Source: Yahoo.Finance.com Date: Nov 22, 2022 Link: https://finance.yahoo.com/news/wharton-professor-jeremy-siegel-says-204143788.html Questions for discussion: Why is inflation so important to understanding predictions about… Read more »
Disney board reached out to Iger on Friday following concerns over earnings
Description: Disneys board reached out to Bob Iger on Friday, without any other serious candidates in mind to replace Bob Chapek as CEO, CNBC’s David Faber reported Monday, citing sources. Source: CNBC.com – video report Date: Nov 21, 2022 Link: https://www.cnbc.com/2022/11/21/disney-board-reached-out-to-iger-friday-after-concerns-over-earnings.html Questions for discussion: Why did the board of directors make this decision? Why do… Read more »
Elon Musk’s backers cheer him on, even if they aren’t sure what he’s doing to Twitter
Description: Elon Musk’s acquisition of Twitter has not exactly taken off like a rocket. After trying desperately to get out of the $44 billion purchase, he faced a court battle for reneging. So he went through with it, while complaining that he was “obviously overpaying.” Mass layoffs and mass resignations have left Twitter a shadow… Read more »
Iger announces first big moves in new tenure as Disney CEO: Restructuring and departure of Chapek right hand Kareem Daniel
Description: Bob Iger, less than 24 hours after returning to the helm of Disney, told employees Monday that the company would be undergoing a restructuring in coming weeks. One of the first steps, Iger announced, would be the departure of Kareem Daniel, the company’s head of media and entertainment, and right hand to now-departed CEO Bob… Read more »
Ontario Teachers writes off FTX stake, citing potential fraud
Description: Ontario Teachers’ Pension Plan said it will write down its stake in FTX to zero, taking a US$95 million loss barely a year after making its first investment in Sam Bankman-Fried’s now-bankrupt cryptocurrency exchange. Source: BNNBloomberg.ca – video report Date: Nov 19, 2022 Link: https://www.bnnbloomberg.ca/ontario-teachers-writes-off-ftx-stake-citing-potential-fraud-1.1848170 Questions for discussion: Summarize the analysis presented and evaluation… Read more »
The Fed Won’t Say It, but It Doesn’t Want a Strong Stock Market
Description: What a great country, right? Six days before a crucial midterm election, the head of the central bank was talking down the stock market. Source: NYTimes.com Date: Nov 07, 2022 Link: https://www.nytimes.com/2022/11/07/opinion/fed-stock-market-inflation.html Questions for discussion: What does the article say about the behavior of the Fed and the reasons? Do you agree with this assessment? What… Read more »
