Description: Recent events have made clear the need to regulate crypto, an industry that grew from nothing to a $3 trillion market capitalization a year ago, although most of that has now evaporated. But it also seems likely that the industry couldn’t survive regulation. Source: NYT.com Date: Nov 17, 2022 Link: https://www.nytimes.com/2022/11/17/opinion/crypto-banks-regulation-ftx.html? Questions for discussion: What does… Read more »
Posts Categorized: Part 6 Managing Financial Resources
Walmart and Target’s quarterly results lay bare the retailers’ stark differences
Description: Walmart’s stock surged this week. Target’s shares plunged. The rival big-box players are both known for selling an array of products including food, clothing, home goods and kitchen appliances. Both their CEOs ? Walmart’s Doug McMillon and Target’s Brian Cornell ? stepped into their roles in 2014. Source: CNBC.com Date: Nov 17, 2022 Link: https://www.cnbc.com/2022/11/17/walmart-and-targets-quarterly-results-lay-bare-retailers-differences.html… Read more »
Meta shares up on report it’s set to begin mass layoffs
Description: Shares of Facebook owner Meta rose 6.5% Monday following a Wall Street Journal report over the weekend saying the company could start mass layoffs as soon as Wednesday. Source: CNBC.com Date: Nov 07, 2022 Link: https://www.cnbc.com/2022/11/07/meta-shares-up-on-report-its-set-to-begin-mass-layoffs.html Questions for discussion: Why would the stock price increase as a result of this announcement? What is the similarity to Twitter’s announcement this week?
Canada ruffles some feathers at COP27 by including oil and gas representatives in its delegation
Description: Canada’s delegation heading to the United Nations’ COP27 climate change conference this week in Egypt will not include Prime Minister Justin Trudeau, but there will be a Canada Pavilion for the first time and it includes representatives from the oil-sands industry, which is attracting some intense criticism. Source: FinancialPost.com Date: Nov 08, 2022 Link: https://financialpost.com/commodities/energy/ruffing-some-feathers-at-cop27-canada-includes-oil-and-gas-companies-in-its-delegation… Read more »
The big reveal: New laws require companies to disclose pay ranges on job postings.
Description: New York City has joined a handful of places, including Colorado, Washington State and Rhode Island, which require some form of salary transparency. In the case of New York City, companies are required to include a salary range when they post a job opening. Source: NPR.org Date: Nov 08, 2022 Link: https://www.npr.org/2022/11/05/1134193927/salary-transparency-range-new-york-pay-laws Questions for… Read more »
Carvana stock tanks in continued sell-off
Description: Shares of Carvana were briefly halted Monday morning due to volatility, down by as much as 24% at one point to below $7 per share — its lowest point on record. Source: CNBC.com Date: Nov 07, 2022 Link: https://www.cnbc.com/2022/11/07/carvana-stock-tanks-in-continued-sell-off.html Questions for discussion: Explain the company’s rapid decline in stock value, from a marketing point of view?… Read more »
Canada jobs market blows past expectations with 108,000 gain
Description: Canada’s labour market unexpectedly added 108,000 jobs in October as wage gains accelerated, potentially easing worries the economy is headed for a major slowdown. ?Source: BNNBloomberg.com – video report Date: Nov 04, 2022 Link: https://www.bnnbloomberg.ca/canada-jobs-market-blows-past-expectations-with-108-000-gain-1.1841866 Questions for discussion: Summarize the top three statistics you believe business people should be looking at as they weigh… Read more »
Twitter is now owned by Elon Musk — here’s a brief history from the app’s founding in 2006 to the present
Description: A decade ago, Twitter’s future was looking bright. The company was benefiting from a flood of funding into the social-networking space, eventually leading to an IPO in 2013 that raised $1.8 billion. Source: CNBC.com Date: Oct 29, 2022 Link: https://www.cnbc.com/2022/10/29/a-brief-history-of-twitter-from-its-founding-in-2006-to-musk-takeover.html Questions for discussion: Why do you think Musk bought Twitter? Do you think there are revenue models that… Read more »
Adidas Ends Partnership With Kanye West at a Considerable Cost
Description: The German sportswear giant is the latest company to cut ties with Mr. West, now known as Ye, after his antisemitic remarks. Ending the partnership is expected to hurt company profits. Source: NYTimes.com Date: Oct 26, 2022 Link: https://www.nytimes.com/2022/10/25/business/adidas-kanye-west.html Questions for discussion: What are the ethical and social issues related to this issue? What… Read more »
Meta shares plunge 23% to the lowest price since 2016
Description: Shares of Meta plunged 23% Thursday morning as investors and analysts digested the company’s third-quarter earnings miss and a weak fourth-quarter outlook. Shares were trading under $100 at market open, the lowest price since 2016. Source: CNBC.com – video report Date: Oct 27, 2022 Link: https://www.cnbc.com/2022/10/27/meta-stock-falls-23percent-on-earnings-miss-analyst-downgrades.html Questions for discussion: Why has the stock value dropped so drastically? Do… Read more »
