Chime is now worth $14.5 billion, surging past Robinhood as the most valuable U.S. consumer fintech

Posted by & filed under Company Analysis, Governments & Regulators, Growth & Valuation, Industry Analysis.

Description: The fintech world has a new heavyweight. Chime, the start-up that delivers banking services through mobile phones, has closed a fundraising that values the company at $14.5 billion, CNBC has learned exclusively. Source: CNBC.com Date: Sep 18, 2020 Link: https://www.cnbc.com/2020/09/18/chime-is-now-worth-14point5-billion-surging-past-robinhood-as-the-most-valuable-us-consumer-fintech-.html Questions for discussion: What does the report say to help explain the success of… Read more »

Facebook Stock Sits on Key Support – Here’s the Trade

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Description: Facebook stock is sitting on a critical level of support. Should it fail, it could usher in lower prices. If it holds, here’s what bulls will need to see next. Source: TheStreet.com – video report Date: Sep 18, 2020 Link: https://www.thestreet.com/investing/trading-facebook-fb-stock-pullback Questions for discussion: What does the report say about the technical side of… Read more »

CIBC cuts portfolio managers, analysts, traders in drive for 5% reduction in staff

Posted by & filed under Company Analysis, Financial Planning, Growth & Valuation, Industry Analysis, Management Issues, Personal Finance.

Description: Many banks restarting job cuts put on hold during early days of pandemic Source: Bloomberg.com/FinancialPost.com – video report Date: Sep 18, 2020 Link: https://financialpost.com/news/fp-street/cibc-cuts-portfolio-managers-traders-in-drive-for-5-reduction/wcm/561ea7e5-db46-49e8-bf6e-c9b4cc365c8e/ Questions for discussion: What does this retrenchment mean for the industry? Why is it happening?

Singapore to Pay Citizens for Keeping Healthy With Apple Watch

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Description: Apple Inc. and the government of Singapore have partnered on a two-year health initiative dubbed LumiHealth, which is built around tracking and rewarding user behavior through the Apple Watch gadget and an iPhone app. Source: Bloomberg.com – video report Date: Sep 15, 2020 Link: https://www.bloomberg.com/news/articles/2020-09-16/singapore-to-pay-citizens-for-keeping-healthy-with-apple-watch?srnd=premium-canada Questions for discussion: Describe the partnership plan between Apple, government,… Read more »

Nikola shares pop as much as 53% after General Motors takes 11% stake in electric truck maker

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Description: Shares of Nikola surged Tuesday after General Motors announced it’s taking an 11% stake in the electric truck maker and will produce its marquee hydrogen fuel cell electric pickup truck the Badger by the end of 2022. Source: CNBC.com – video report Date: Sep 08, 2020 Link: https://www.cnbc.com/2020/09/08/general-motors-takes-11percent-stake-and-2-billion-in-equity-in-electric-truck-maker-nikola-.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: Why did the stock jump so dramatically?… Read more »

Yes, It’s a Stock Market Bubble. That Doesn’t Mean Trouble for Investors Just Yet.

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Description: Every stock market bubble begins with a story, and make no mistake—this is a stock market bubble. Source: MarketWatch.com Date: Sep 12, 2020 Link: https://www.marketwatch.com/articles/the-market-is-a-bubble-but-that-doesnt-mean-troubleyet-51599862332?mod=home-page Questions for discussion: What does the report say about the current state of the market? Do you agree with this assessment and advice? What should investors do with this information,… Read more »

Lightspeed looking to capitalize on pandemic trends with U.S. IPO, says CEO

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Description: The chief executive of Lightspeed POS Inc. says the company is looking to boost its profile and consider possible acquisitions in the wake of a share sale and stock listing south of the border. Source: FinancialPost.com Date: Sep 11, 2020 Link: https://financialpost.com/technology/lightspeed-looking-to-capitalize-on-pandemic-trends-with-u-s-ipo-says-ceo/wcm/f33e6dd5-5721-48e6-988d-2a0ce1547379/ Questions for discussion: Evaluate the statistics reported that would be of interest to… Read more »

How Etsy built a nearly $14 billion handmade empire

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Description: If it’s handmade or over 20 years old, there’s a good chance you can find it on Etsy, the go-to online marketplace for handcrafted and vintage goods. Source: CNBC.com – video report Date: Sep 05, 2020 Link: https://www.cnbc.com/2020/09/05/how-etsy-built-a-handmade-empire.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: How would you describe Etsy’s business model? Summarize the evolution of the firm’s… Read more »

Telemedicine

Posted by & filed under Growth & Valuation, Industry Analysis, Management Issues, Personal Finance.

Description: When the coronavirus hit, medical practitioners started ramping up their virtual offerings – notably appointments via videoconferencing apps such as FaceTime and Zoom – as a way to continue caring for patients and keep their businesses alive. Source: Bloomberg.com Date: Sep 12, 2020 Link: https://www.bloomberg.com/quicktake/telemedicine?srnd=businessweek-v2 Questions for discussion: What does the report say about… Read more »

Why the stock market and the economy actually aren’t disconnected

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

Description: What’s up with this crazy stock market anyway? Apple, Tesla, Zoom and their ilk have been going nuts, driving the Nasdaq and S&P 500 to record highs—and greatly enriching the billionaire class—(only to drop precipitously late this week.) All this while the economy is in recession and millions are unemployed—some even unable to put food… Read more »