Description: In TechWatch, there is a new twist in the Elon Musk-Twitter saga. The company’s largest stakeholder is now facing a lawsuit accusing the billionaire of market manipulation. The suit alleges that the world’s richest man illegally delayed disclosing his stake in the company in order to purchase more shares at a lower price. CBS… Read more »
Posts Categorized: Personal Finance
What Lies Ahead for the IPO Market?
Description: Many macro factors and regulatory uncertainty lower IPO market sentiment, but a hugely successful offering could reignite it, says Wharton’s David Hsu. Source: https://knowledge.wharton.upenn.edu Date: Apr 12, 2022 Link: https://knowledge.wharton.upenn.edu/article/what-lies-ahead-for-the-ipo-market/?utm_campaign=KatW2022&utm_medium=email&utm_source=kw_campaign_monitor&utm_term=4-13-2022&utm_content=What_Lies_Ahead_for_the_IPO_Market? Questions for discussion: What does Professor Hsu think is happening and likely to happen in the IPO environment? Do you agree with his analysis?… Read more »
Biggest emitters paying smallest price on pollution, critics say
Description: Big industrial plants in provinces covered by the national carbon pricing system paid more than $161 million for their greenhouse gas emissions in 2019, but some critics say the system is designed to ensure the biggest emitters pay the smallest price on pollution. Source: BNNBloomberg.com – video report Date: Apr 13, 2022 Link: https://www.bnnbloomberg.ca/biggest-emitters-paying-smallest-price-on-pollution-critics-say-1.1752319 Questions for discussion:… Read more »
Elon Musk says Tesla may have to get into the lithium business because costs are so ‘insane’
Description: Elon Musk tweeted Tesla may get into the lithium mining and refining business directly and at scale because the cost of the metal, a key component in manufacturing batteries, has gotten so high. Source: CNBC.com – video report Date: Apr 08, 2022 Link: https://www.cnbc.com/2022/04/08/elon-musk-telsa-may-have-get-into-mining-refining-lithium-directly.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: What are the pros and cons to this investment decision?… Read more »
Why the U.S. Government Should Regulate Cryptocurrency
Description: The Biden administration’s executive order to develop a national policy on cryptocurrency and digital assets is an important first step in setting some guardrails around a global market now worth more than $3 trillion, said Wharton legal studies and business ethics professor Kevin Werbach. Source: https://knowledge.wharton.upenn.edu Date: Mar 28, 2022 Link: https://knowledge.wharton.upenn.edu/article/why-the-u-s-government-should-regulate-cryptocurrency/ Questions for discussion: Summarize the key… Read more »
Russia pays dollar-denominated debt in rubles, risking default, after U.S. blocks payment.
Description: Credit rating agencies have indicated that payments in a currency different from the one the debt was sold in would count as a default once the grace period expired. Source: NYTimes.com Date: Apr 06, 2022 Link: https://www.nytimes.com/2022/04/06/business/russia-eurobonds-rubles.html Questions for discussion: What is the issue about paying in an alternative currency? How should this settlement… Read more »
Amazon hikes prices for Prime membership
Description: TORONTO — Amazon is raising the price of its Prime membership in Canada. The e-commerce giant’s subscription service, which offers free shipment on many items, access to its Prime Video streaming platform and an array of other benefits, will begin phasing in higher fees for new subscribers immediately. Source: Yahoo.Finance.com Date: Apr 08, 2022… Read more »
Why the tanking Japanese yen should concern investors: Morning Brief
Description: The Bank of Japan (BOJ) was in a bind on Monday. Its currency, the yen, was crashing while yields on their government bonds were surging. The solution — four days of unbridled bond buying by the BOJ to stem the hemorrhaging and contain interest rates. While the gambit worked (for now), Wall Street is waking up… Read more »
Why the U.S. Government Should Regulate Cryptocurrency
Description: The Biden administration’s executive order to develop a national policy on cryptocurrency and digital assets is an important first step in setting some guardrails around a global market now worth more than $3 trillion, said Wharton legal studies and business ethics professor Kevin Werbach. Source: knowledge.wharton.upenn.edu Date: Mar 28, 2022 Link: https://knowledge.wharton.upenn.edu/article/why-the-u-s-government-should-regulate-cryptocurrency/ Questions for discussion: What are major… Read more »
Nord Stream 2 cost $11 billion to build. Now, the Russia-Europe gas pipeline is unused and abandoned
Description: One of the early casualties of Russia’s invasion of Ukraine — and its continuing geopolitical and economic fallout — has been the Nord Stream 2 gas pipeline, a massive energy project that took several years to build and cost $11 billion. Source: CNBC.com – video report Date: Mar 31, 2022 Link: https://www.cnbc.com/2022/03/31/the-nord-stream-2-pipeline-lies-abandoned-after-russia-invaded-ukraine.html Questions for… Read more »
