Description: Wall Street’s top matchmaker for megadeals sees a wave of corporate takeovers coming with a worrying implication for the workforce: a jump in job losses. Source: Bloomberg.com Date: Oct 16, 2020 Link: https://www.bloomberg.com/news/articles/2020-10-16/goldman-warns-of-more-job-losses-with-jumbo-mergers-on-the-rise?srnd=premium-canada Questions for discussion: Summarize Goldman’s view of the near future. What does this mean for investors?
Posts Categorized: Personal Finance
A 90x return in five years? Former Goldman hedge-fund manager says an ‘enormous wall of money’ is coming
Description: Bitcoin has been on fire in 2020, having rallied almost 60% year-to-date to completely dwarf the 7% return on the S&P 500. According to Raoul Pal, a former Goldman Sachs GS, -1.14% hedge-fund manager, the world’s biggest cryptocurrency is just getting warmed up. Source: MarketWatch.com Date: Oct 17, 2020 Link: https://www.marketwatch.com/story/a-90x-return-in-just-five-years-former-goldman-sachs-hedge-fund-manager-says-an-enormous-wall-of-money-is-coming-11602781826 Questions for discussion: What is the… Read more »
Air Canada CEO Who Averted Bankruptcy Retires, Hands Off to CFO
Description: Calin Rovinescu will retire as Air Canada’s top executive in February and hand the reins to Chief Financial Officer Michael Rousseau, who takes over an airline with a strong balance sheet but a huge rebuilding task ahead of it. Source: Bloomberg.com Date: Oct 16, 2020 Link: https://www.bloomberg.com/news/articles/2020-10-16/air-canada-s-rovinescu-retires-hands-control-to-cfo-rousseau?srnd=premium-canada Questions for discussion: What sort of special challenges… Read more »
Ruby Tuesday joins list of companies seeking bankruptcy protection. What to do if your own business is struggling
Description: For some small-business owners, watching their larger peers file for bankruptcy may do little to ease fears about their own financial solvency. Source: CNBC.com – video report Date: Oct 08, 2020 Link: https://www.cnbc.com/2020/10/08/ruby-tuesday-files-bankruptcy-here-are-options-for-struggling-firms.html Questions for discussion: What are the alternatives to bankruptcy, as illustrated in the article? In your opinion, should more debt holders… Read more »
Why AOL Co-Founder Steve Case Says the Future of American Innovation Is in the Heartland
Description: During a conversation with Minnesota senator Amy Klobuchar, Case discussed how the U.S. can keep its competitive edge. Source: INC.com Date: Oct 08, 2020 Link: https://www.inc.com/kevin-j-ryan/steve-case-amy-klobuchar-innovation-entrepreneurship-startup-hubs.html?utm_source=incthismorning Questions for discussion: Summarize what Steve Case said about the importance of venture capital and entrepreneurship? What does the article suggest is the role of government? Do you… Read more »
The pandemic lifted Domino’s sales. But that’s not the full story
Description: New York (CNN Business)People are flocking to America’s biggest pizza chains in the pandemic, and that should be great news for Domino’s. But just as Covid-19 has people buying more pizza, it has led to higher costs for everything from cleaning supplies to worker pay. Ingredient costs have also fluctuated: The company said cheese… Read more »
As investors dump oil holdings, Canadian Natural overtakes Suncor as Canada’s most valuable energy company
Description: CALGARY — Canadian Natural Resources Ltd. has dethroned Suncor Energy Inc. as Canada’s most valuable energy company amid a selloff in domestic oil and gas stocks that has continued to erode the size of the energy industry on major North American stock indices. Source: FinancialPost.com Date: Oct 06, 2020 Link: https://financialpost.com/commodities/energy/as-investors-dump-oil-holdings-canadian-natural-overtakes-suncor-as-canadas-most-valuable-energy-company Questions for discussion:… Read more »
Benchmark’s Bill Gurley compares today’s markets to 1999 dot-com boom
Description: The technology sector’s strong run since its March lows reminds Benchmark’s Bill Gurley of the 1999 tech boom that preceded the dot-com bubble burst, the investor told CNBC. Source: CNBC.com – video report Date: Oct 02, 2020 Link: https://www.cnbc.com/2020/10/02/benchmarks-bill-gurley-markets-highly-speculative-like-1999.html Questions for discussion: Summarize what Bill Gurley says in the report. Do you agree with… Read more »
Tesla stock falls after third-quarter deliveries keep demand concerns alive
Description: Tesla Inc. stock fell more than 5% Friday after the Silicon Valley car maker reported quarterly sales that were above Wall Street consensus and hit a record but failed to dispel concerns about the company’s longer-term goals. Source: MarketWatch.com Date: Oct 02, 2020 Link: https://www.marketwatch.com/story/tesla-stock-falls-after-third-quarter-deliveries-keep-demand-concerns-alive-2020-10-02?mod=newsviewer_click Questions for discussion: What is the reason presented for… Read more »
PepsiCo’s new macaroni and cheese is ‘flying off the shelf’: CFO
Description: And who said soda giant PepsiCo (PEP) couldn’t make a good box of mac and cheese. Source: Yahoo.Finance.com – video report Date: Oct 01, 2020 Link: https://finance.yahoo.com/news/pepsis-new-cheetos-mac-and-cheese-is-flying-off-the-shelf-cfo-164833751.html Questions for discussion: Summarize the current financials for the company? What explains the numbers? Do you think it is temporary? How should investors respond to this report?
