Description: The collapse of WeWork’s attempted IPO – the firm once valued at $47 billion but now at the brink of bankruptcy – marks the end of an era, according to Mike Wilson, Morgan Stanley’s chief U.S. equity strategist. According to Wilson, investors have showed that they are no longer willing to accept financial excess in a… Read more »
Posts Categorized: Personal Finance
As Trans Mountain flies under the election radar, a missed opportunity
Description: Despite the controversy over the federally-owned Trans Mountain expansion project in the last few years, the pipeline has largely been flying under the radar in this election campaign. Source: BNNBloomberg.com – video report Date: Oct 04, 2019 Link: https://www.bnnbloomberg.ca/as-trans-mountain-flies-under-the-election-radar-a-missed-opportunity-1.1326709 Questions for discussion: Summarize the status of the pipeline deal. What do you think will… Read more »
As Silicon Valley faces a tech reckoning, biologists point to the next big opportunity
Description: At one of the world’s largest synthetic biology conferences this week, a food truck handed out papaya and yogurt samples to hundreds of attendees. The papaya wasn’t any ordinary papaya: It was a genetically engineered fruit that Dr. Dennis Gonsalves designed to be naturally resistant to the ringworm virus. Because of his invention, pesticide use dropped… Read more »
Opinion: This explosive discovery about stock and bond returns will shake your views on investing
Description: Stocks and bonds produce similar results over the really long-term, new research shows Source: MarketWatch.com Date: Sep 27, 2019 Link: https://www.marketwatch.com/story/this-explosive-discovery-about-stock-and-bond-returns-will-shake-your-views-on-investing-2019-09-27?mod=mw_theo_homepage Questions for discussion: What does the research say about risk and investments in stocks and bonds? What would you advise investors at this time?
Scandal-plagued Wells Fargo names BNY Mellon’s Charles Scharf as CEO
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
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
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
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
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
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?
