Credit Suisse takes $4.7 billion hit from Archegos hedge fund scandal; execs step down

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Description: Credit Suisse on Tuesday announced several high-level staff departures and proposed a cut to its dividend as it weighs heavy losses from the Archegos Capital saga. Source: CNBC.com – video report Date: Apr 06, 2021 Link: https://www.cnbc.com/2021/04/06/credit-suisse-cuts-dividend-on-hit-from-hedge-fund-scandal-investment-bank-head-and-chief-risk-officer-step-down.html Questions for discussion: Explain the fallout from this fiasco. Do you think management did enough to prevent this from… Read more »

Job Training That’s Free Until You’re Hired Is a Blueprint for Biden

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Description: Social Finance, a nonprofit, is spreading a model in which training programs get paid if students get hired, not just if they enroll. Source: NYTimes.com Date: Apr 07, 2021 Link: https://www.nytimes.com/2021/04/07/business/job-training-thats-free-until-youre-hired-is-a-blueprint-for-biden.html Questions for discussion: What do you think of this nonprofit business model and Social Finance, in particular? Is this a replacement for traditional… Read more »

Meet the 7-year-old who asked Old Navy to put pockets in girls’ jeans

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Description: Learning to write persuasive letters in first grade, 7-year-old Kamryn Gardner wrote to Old Navy, asking them to put real pockets in girls’ jeans – and the retailer responded by sending her jeans with pockets! Joining TODAY live with her parents, Kamryn says “I was very excited … I thought it was a birthday… Read more »

One of World’s Greatest Hidden Fortunes Is Wiped Out in Days

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Description: From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes. Even on Wall Street, few ever noticed him — until suddenly, everyone did. Source: Yahoo.Finance.com and Bloomberg.com Date: Mar 30, 2021 Link: https://ca.finance.yahoo.com/news/one-world-greatest-hidden-fortunes-002617417.html Questions for discussion: Explain what happened. What do… Read more »

Why Dollar Shave Club Co-Founder Michael Dubin No Longer Believes in DTC

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Description: Dubin says the startup world has changed since he launched his men’s grooming brand 10 years ago. Here’s his advice for today’s founders. Source: INC.com Date: Mar 31, 2021 Link: https://www.inc.com/cameron-albert-deitch/michael-dubin-dollar-shave-club-lessons-ecommerce.html?utm_source=incthismorning Questions for discussion: Why does Michael Dubin no longer believe in the DTC model that made him a success? What else does he… Read more »

Coursera begins trading at $39 per share, stock pops 18%

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Description: Shares of education tech company Coursera opened at $39 apiece in its market debut Wednesday on the New York Stock Exchange. Source: CNBC.com – video report Date: Mar 31, 2021 Link: https://www.cnbc.com/2021/03/31/coursera-ipo-cour-begins-trading-on-the-nyse.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: Describe the Coursera business model. Who are the target customers? What are the limits to growth? How should HR managers approach… Read more »

Intel is spending $20 billion to build two new chip plants in Arizona

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Description: Intel announced on Tuesday that it will spend $20 billion to build two new chip factories, called fabs, in Chandler, Arizona. Intel stock rose as much as 5% on the news in extended trading on Tuesday. Source: CNBC.com Date: Mar 23, 2021 Link: https://www.cnbc.com/2021/03/23/intel-is-spending-20-billion-to-build-two-new-chip-plants-in-arizona.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: What is so significant about the Intel announcement… Read more »

BorgWarner Shares Drop After New EV Vision Fails to Impress

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Description: (Bloomberg) — BorgWarner Inc.’s attempt to garner more respect from investors for its effort to shift to electrification fell flat, triggering an 8% slide in the auto-parts maker’s shares on the day it presented its strategic vision. ​Source: Yahoo.Finance.com and Bloomberg.com Date: Mar 24, 2021 Link: https://ca.finance.yahoo.com/news/borgwarner-shares-drop-attempt-showcase-225352524.html Questions for discussion: Explain the stock price… Read more »

H&M blasted on Chinese social media for pulling Xinjiang cotton

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Description: Chinese net users have called for a boycott of Hennes & Mauritz AB because it won’t use cotton from Xinjiang, thrusting the world’s second-largest clothing retailer into the Asian nation’s human rights controversy. Source: BNNBloomberg.com – video report Date: Mar 24, 2021 Link: https://www.bnnbloomberg.ca/h-m-blasted-on-chinese-social-media-for-pulling-xinjiang-cotton-1.1581583 Questions for discussion: Summarize the issues involved in this report…. Read more »

Minority Asset Managers Are Still Waiting for a Social Justice Bump

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Description: Rachel Robasciotti says months after financial institutions vowed more diversity, running money is still a White guy’s game (Source: Bloomberg) ​Source: Bloomberg.com – video report Date: Mar 19, 2021 Link: https://www.bloomberg.com/news/videos/2021-03-17/minority-asset-managers-are-still-waiting-for-a-social-justice-bump-video Questions for discussion: What is the appeal made by Rachel Robasciotti to her industry? What explains the reluctance to increase diversity in your opinion?… Read more »