Scandal-plagued Wells Fargo names BNY Mellon’s Charles Scharf as CEO

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Description: Wells Fargo named Charles Scharf, chairman and CEO of Bank of New York Mellon, as its new chief executive officer and president on Friday, effective Oct. 21. Source: CNBC.com – video report Date: Sep 27, 2019 Link: https://www.cnbc.com/2019/09/27/wells-fargo-names-bny-mellons-charles-scharf-as-ceo.html Questions for discussion: What are the problems facing the bank and its new CEO? Do you think Charles… Read more »

Inside the intense world of Birkin bag collectors, who pay up to $500,000 for one bag

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Description: Would you pay $500,000 … for a bag? In 2019, a diamond-encrusted Birkin handbag made of crocodile, from the French luxury brand Hermes, sold for half a million dollars. The Birkin consistently shatters sales records at auction, selling in the hundreds of thousands of dollars. But experts say the bag cost just $2,000 at… Read more »

Blackberry plunges to 4-year low in first five minutes of trading on earnings miss, outlook cut

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Description: BlackBerry Ltd.’s big earnings miss and lower forward guidance has the shares tumbling more than 20 per cent to a four-year low early Tuesday. Source: FinancialPost.com Date: Sep 24, 2019 Link: https://business.financialpost.com/technology/blackberry-posts-second-quarter-net-loss Questions for discussion: Explain the drop in share value. What would you advise management to do at this time? How should investors… Read more »

The Weekly Listen: Airbnb’s IPO and Facebook Acquires ‘Mind-Reading Wristband’ Company

Posted by & filed under Company Analysis, Financial analysis, Management Issues, Personal Finance.

Description: eMarketer principal analysts Mark Dolliver and Nicole Perrin join vice president of content studio Paul Verna to discuss Airbnb’s upcoming IPO, Facebook’s acquisition of “mind-reading wristband” company CTRL-labs, highlights from New York Advertising Week 2019 and more. Source: eMarketer.com – podcast Date: Sep 25, 2019 Link: https://www.emarketer.com/content/podcast-the-weekly-listen-airbnb-ipo-and-facebook-acquires-mind-reading-wristband-company?ecid=NL1001 Questions for discussion: What are the highlights… Read more »

Want to invest like Warren Buffett? You’ll need to recognize your emotions, not ignore them

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Description: There’s a mistaken notion that women are more emotional than men when it comes to finances, says Pauline Yan, a portfolio manager in Toronto, Canada, who has a personal finance blogabout women and investing. It’s time to dump that idea, she says. “Every market crash has been caused by men having a lot of emotions,”… Read more »

A stock-market selloff could spark an economic recession, says BNY Mellon’s Liz Young

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

Description: Market gains have been driven by macro factors, putting stocks on shaky ground Source: MarketWatch.com Date: Sep 20, 2019 Link: https://www.marketwatch.com/story/a-stock-market-selloff-could-spark-an-economic-recession-says-bny-mellons-liz-young-2019-09-20?mod=mw_theo_homepage Questions for discussion: What are the concerns, as explained in the article? Do you agree with this assessment? What would you advise investors do today?

Roku plunges 17% — here’s why it’s one of the most volatile stocks in tech

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Description: Three times in the past nine trading days, Roku has dropped more than 10% for reasons having nothing to do with what’s happening inside the company. Source: CNBC.com – video report Date: Sep 20, 2019 Link: https://www.cnbc.com/2019/09/20/roku-stock-price-volatility-why.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: Why has the stock price fluctuated so dramatically in recent trading? What would you advise investors… Read more »

‘Admiral’ Gary Ng looks to expand Canada asset fleet to $50 billion

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Description: Gary Ng may not be well-known in Toronto’s financial circles, but he’s amassed an impressive resume: internet millionaire at 16, industrialist in China at 24 and a master at golf soon after. Now at the ripe age of 35, he’s set an ambitious target for his next venture in the money management space, looking… Read more »

Blackstone CEO Steve Schwarzman Says Recession Is ‘Unlikely Now’

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

Description: Stephen Schwarzman says he has lived through seven major market declines or recessions in his 50 years working on Wall Street. The CEO of Blackstone Group lists them in his new book What It Takes: 1973, 1975, 1982, 1987, 1990-1992, 2001, 2008-2010. Through all those experiences, he writes that there are “simple rules” for identifying them…. Read more »

There’s a ‘great correlation’ between a good company culture and profits, ESG investors say

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Description: Several investors have been wary of incorporating environmental, social and governance standards into their strategies. However, two investors think increased attention to ESG will be the best way to improve returns. Source: CNBC.com Date: Sep 19, 2019 Link: https://www.cnbc.com/2019/09/19/theres-a-great-correlation-between-a-good-company-culture-and-profits-esg-investors-say.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: “Shareholders are important and will always be incredibly important, but their highest… Read more »