Description: Apple is set to open its first physical stores in India next week, highlighting the country’s importance to the U.S. tech firm’s future in iPhone sales and manufacturing. The Cupertino giant will open a store in Mumbai on Apr. 18 and in the Indian capital Delhi on Apr. 20. Source: CNBC.com Date: Apr 11, 2023… Read more »
Posts Categorized: Governments & Regulators
Bets against U.S. stocks swell to highest levels since 2011. History shows that’s actually good news for markets.
Description: However, history shows crowded position are a reliable counter-indicator. Source: MarketWatch.com Date: Apr 11, 2023 Link: https://www.marketwatch.com/story/bets-against-u-s-stocks-swell-to-highest-level-since-2011-history-shows-thats-actually-good-news-for-markets-9f6237e6?mod=home-page Questions for discussion: Summarize what the report says about market indicators. Do you agree with the interpretation? Why do you suppose investors have taken these positions?
Tilray CEO says Hexo purchase will help grow Canadian cannabis industry
Description: The chief executive officer of Tilray Brands Inc. said the acquisition of competitor Hexo Corp. will help position his company to lead Canada’s cannabis industry. Source: BNNBloomberg.ca – video report Date: Apr 11, 2023 Link: https://www.bnnbloomberg.ca/tilray-ceo-says-hexo-purchase-will-help-grow-canadian-cannabis-industry-1.1906454 Questions for discussion: Summarize the analysis presented in the report? Should investors be excited by the merger? Would… Read more »
Airlines’ answer for congested airports and rising costs: Bigger planes
Description: NEWARK, New Jersey — Faced with congested airports, rising costs, a pilot shortage and a resurgence in travel demand, airlines are increasingly turning to the same remedy: bigger planes that fit more passengers. Source: CNBC.com – video report Date: Apr 06, 2023 Link: https://www.cnbc.com/2023/04/06/why-airlines-are-flying-bigger-planes.html Questions for discussion: Summarize what is happening in aviation travel and what the… Read more »
Fallout from the Banking Crisis: What’s Ahead?
Description: During a recent LinkedIn Live event, a panel of Wharton experts noted that the fallout from Silicon Valley Bank’s failure will likely be contained within the commercial real estate sector. Much, however, depends on the Fed’s rate moves, they said. Source: knowledge.wharton.upenn.edu Date: Apr 04, 2023 Link: https://knowledge.wharton.upenn.edu/article/fallout-from-the-banking-crisis-whats-ahead/?utm_campaign=KatW2023&utm_medium=email&utm_source=kw_campaign_monitor&utm_term=4-5-23&utm_content=Fallout_from_the_Banking_Crisis:_What’s_Ahead Questions for discussion: Summarize the main… Read more »
Johnson & Johnson shares rise after company proposes baby powder cancer settlement
Description: Johnson & Johnson shares on Wednesday climbed after the company proposed paying $8.9 billion to settle thousands of claims that its baby powder and other talc products caused cancer. Source: CNBC.com Date: Apr 05, 2023 Link: https://www.cnbc.com/2023/04/05/johnson-and-johnson-shares-rise-talc-settlement.html Questions for discussion: Explain the rise in the company stock value after this announcement. Do you perceive any further risk… Read more »
Toronto-Dominion becomes biggest bank short with US$3.7 billion on the line
Description: Turns out, the biggest short in the banking industry anywhere in the world isn’t in Switzerland or Silicon Valley, but rather, in the relatively tame financial centre of Canada. In recent weeks, short sellers have upped their bearish bets against Toronto-Dominion Bank, and now have roughly US$3.7 billion on the line vis-à-vis Canada’s second-largest… Read more »
Here’s what went wrong with Virgin Orbit
Description: Not too long ago, Virgin Orbit was in rarified air among U.S. rocket builders, and executives were in New York celebrating its public stock debut. The scene was true to the marketing pizazz that has helped Sir Richard Branson build his Virgin empire of companies, showcasing with a rocket model in the middle of Times Square. Source: CNBC.com… Read more »
Tipping in the United States has gotten out of control, experts say. Here’s why
Description: “What we’re seeing now nationwide is something that is known as ‘tipflation’ … at every opportunity we’re being presented with a tablet that’s asking us how much we’d like to tip,” said etiquette expert Thomas Farley, also known as “Mister Manners.” Source: CNBC.com – video report Date: Apr 01, 2023 Link: https://www.cnbc.com/2023/04/01/how-tipping-in-the-united-states-got-out-of-control.html Questions for discussion:… Read more »
Rogers-Shaw deal approved by Canada’s industry minister
Description: The Canadian government will allow Rogers Communications Inc. to acquire rival Shaw Communications Inc., ending a two-year odyssey to seal one of the biggest corporate takeovers in the country’s history. Source: BNNBloomberg.ca – video report Date: Mar 31, 2023 Link: https://www.bnnbloomberg.ca/rogers-shaw-deal-approved-by-canada-s-industry-minister-1.1903059 Questions for discussion: Summarize the key points presented in the report about the… Read more »
