Description: In return for vast subsidies, the Biden administration is asking the chip industry to make promises about its workers and finances. Source: NYTimes.com Date: Feb 27, 2023 Link: https://www.nytimes.com/2023/02/27/us/politics/chips-act-biden-commerce-department.html Questions for discussion: How is government influencing the semiconductor industry? What are the social and political goals tied to the financial assistance to firms that… Read more »
Posts Categorized: Part 6 Managing Financial Resources
Company planning to make COVID vaccine in Canada warns it could go out of business
Description: MONTREAL — An American company that signed a deal with the federal government to produce COVID-19 vaccines in Montreal has warned investors it could go out of business within the year. Source: FinancialPost.com Date: Mar 02, 2023 Link: https://financialpost.com/news/company-covid-19-vaccine-in-canada-could-go-out-of-business Questions for discussion: What does the report say about the reasons for the unstable situation… Read more »
The Future of Human Agency
Description: Experts are split about how much control people will retain over essential decision-making as digital systems and AI spread. They agree that powerful corporate and government authorities will expand the role of AI in people’s daily lives in useful ways. But many worry these systems will diminish individuals’ ability to control their choices Source:… Read more »
Covid’s ‘legacy of weirdness’: Layoffs spread, but some employers can’t hire fast enough
Description: Job cuts are rising at some of the biggest U.S. companies, but others are still scrambling to hire workers, the result of wild swings in consumer priorities since the Covid pandemic began three years ago. Source: CNBC.com – video reports Date: Feb 21, 2023 Link: https://www.cnbc.com/2023/02/20/weird-job-market-layoffs-hiring.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: Summarize the employment trends and hiring taking place… Read more »
Ukraine war shook up markets, but much stays the same for Canadian oil and gas
Description: When Russian tanks and troops rolled into Ukraine one year ago, it was no shock that crude prices spiked above US$100 per barrel for the first time since 2014. With Russia controlling 10 per cent of the world’s crude oil supply, many observers in the early days of the conflict predicted the war and Western sanctions against Russia could disrupt energy markets for years… Read more »
The Future Is AI-ncredible – Why Every Organization Needs To Embrace AI Technology
Description: Here’s my hot take on ChatGPT and other AI-assisted writing and editing tools: I know they work, mostly because no one has been able to notice when I am (or when I am not) using them (like right now?). And, if that isn’t the power of helping to create better work (with what feels… Read more »
Shopify believers say payoff from early layoffs should start showing up in latest earnings
Description: Shopify Inc. was among the first technology giants to slash its workforce during last year’s market rout. Now, some investors say its stock is poised to outperform peers over the course of 2023 as those job cuts translate into lower costs, narrower losses and better cash flow. Source: FinancialPost.com/Bloomberg.com Date: Feb 14, 2023 Link:… Read more »
Turmoil In Toyland? Mattel Sales Tumble, Hasbro Has Layoffs
Description: Toyland is a treacherous place these days, and Mattel is the latest victim. Quarterly sales for the company plummeted 22%, and earnings missed forecasts. Source: MediaPost.com Date: Feb 10, 2023 Link: https://www.mediapost.com/publications/article/382432/turmoil-in-toyland-mattel-sales-tumble-hasbro-ha.html?utm_source=newsletter&utm_medium=email&utm_content=readnow&utm_campaign=129253&hashid=7T9TCmQZSDGbnu-424RuBQ Questions for discussion: Is this a marketing, management or financial problem? What are the possible explanations for these financial results? How does… Read more »
Haunted By Kanye Deal, Adidas Posts Warning
Description: Adidas is launching a new line with actress Jenna Ortega Adidas unexpectedly updated its financial guidance for the coming year, warning investors that the aftershocks of its dealing with Ye, the rapper formerly known as Kanye West, keep on coming. If it does not sell the existing Yeezy stock, it could lower sales by… Read more »
5 Investing Red Flags from ChatGPT put under the microscope
Description: The robots aren’t ready to take over yet Source: FinancialPost.com Date: Feb 09, 2023 Link: https://financialpost.com/investing/5-investing-red-flags-chatgpt Questions for discussion: What were the red-flags used to evaluate ChatGPT? How did ChatGPT perform, according to the report? Do you think investment advisors should be more concerned now that greater advances in AI seem likely?
