Description: Here we go again. The federal government is bailing out the banking industry, and the American people, who have seen this show far too often, have every right to be furious. The proper target for that anger, however, is not the bailout itself, but the need for it. Source: NYTimes.com Date: Mar 14, 2023… Read more »
Posts Categorized: Personal Finance
Jim Cramer says the Fed is on the cusp of a ‘soft, safe landing’ in its inflation fight
Description: The collapse of multiple banks, the potential folding of start-ups and the general unease in the economy all suggest the Federal Reserve is on the “cusp of a soft, safe landing,” CNBC’s Jim Cramer said Tuesday. Source: CNBC.com – video report Date: Mar 14, 2023 Link: https://www.cnbc.com/2023/03/14/cramer-fed-on-the-cusp-of-a-soft-safe-landing-in-inflation-fight.html Questions for discussion: Summarize the arguments presented… Read more »
Should we automate the CEO?
Description: There has been a lot of buzz about how AI might eventually replace lower-rank workers. But why not start with the highest-paid corporate executives? Source: Thehustle.co Date: Mar 11, 2023 Link: https://thehustle.co/should-we-automate-the-ceo/?utm_content=null&utm_source=Sailthru&utm_medium=email&utm_campaign=Wednesday%20Email&utm_term=4ABCD Questions for discussion: Summarize what the article says about AI in the work environment. How have salaries changed over time? What do… Read more »
Netflix: Investors ‘too pessimistic’ about paid account sharing, analyst says
Description: Jason Helfstein, Oppenheimer & Co Managing Director – Head of Internet Research, joins Yahoo Finance Live to talk about Netflix’s password-sharing crackdown and the outlook for the company’s stock. Source: Yahoo.Finance.com – video report Date: Mar 14, 2023 Link: https://ca.finance.yahoo.com/video/netflix-investors-too-pessimistic-paid-204758846.html?contentType=VIDEO Questions for discussion: Why does Jason Helfstein think Netflix will succeed with its tier… Read more »
WeightWatchers stock surges 70% after company agrees to buy obesity treatment platform
Description: Shares of WW International, also known as WeightWatchers, skyrocketed Tuesday after the company said it planned to buy Sequence, a telehealth platform that provides treatment for obesity. Source: CNBC.com – video reports Date: Mar 07, 2023 Link: https://www.cnbc.com/2023/03/07/weightwatchers-stock-surges-sequence-deal.html Questions for discussion: Explain why the stock soared? How does this acquisition change the business model at… Read more »
How to Understand the Problems at Silicon Valley Bank
Description: If you’re wondering why Silicon Valley Bank, one of the biggest lenders to tech start-ups, had to be taken over Friday by the Federal Deposit Insurance Corporation, one good place to look is the Federal Reserve. Source: Nytimes.com Date: Mar 10, 2023 Link: https://www.nytimes.com/2023/03/10/opinion/silicon-valley-bank-federal-reserve.html Questions for discussion: Explain the demise at SVB as described in the… Read more »
How the Wealthiest Got to Where They Are
Description: The super-rich have an affinity for private equity investment, an appetite for risk, and copious savings, according to a study of wealth creation in Norway over 22 years. Source: knowledge.wharton.upenn.edu Date: Mar 7, 2023 Link: https://knowledge.wharton.upenn.edu/article/how-the-wealthiest-got-to-where-they-are/?utm_campaign=KatW2023&utm_medium=email&utm_source=kw_campaign_monitor&utm_term=3-8-2023&utm_content=How_the_Wealthiest_Got_to_Where_They_Are Questions for discussion: What does the research say is how the wealthiest people became so wealthy? What do… Read more »
William Watson: The global inflation pandemic won’t end until the economy hits a wall
Description: Last two inflation pandemics only ended after real interest rates went big-time positive — almost to double-digits Source: FinancialPost.com Date: Feb 28, 2023 Link: https://financialpost.com/opinion/global-inflation-pandemic-wont-end-economy-hits-wall?utm_medium=Social&utm_source=Facebook&fbclid=IwAR1sws58ASzLstDBcfzlYtDA_ho92uRR3mi4pirYfp06AsF6WYrljrpRSv4#Echobox=1677599780 Questions for discussion: What does the report say about inflation, interest rates, and the strategies used to control both? What do believe will take place over 6the next year?… Read more »
Allbirds stock plunges after company admits missteps, unveils new strategy
Description: Footwear retailer Allbirds on Thursday unveiled a broad overhaul of its strategy and an executive shake-up after failing to post year-over-year quarterly sales growth for the first time in its history. Source: CNBC.com – video reports Date: Mar 09, 2023 Link: https://www.cnbc.com/2023/03/09/allbirds-bird-q4-earnings-2022.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: Explain the drop is share value? How much was this due… Read more »
iPhone supplier Foxconn will build a factory in India, moving away from China: Report
Description: Foxconn, one of Apple’s largest suppliers and a major manufacturer of iPhone components, will invest about $700 million to build a new plant in India’s Karnataka state, Bloomberg reported Friday. The report comes as U.S. companies continue to reevaluate their reliance on China in the wake of mounting tension between the U.S. and the… Read more »
