Oct 23, 2024

I recently came across a report from Citi, which suggests that investors should pick stocks that can stand on their own in light of a new theory about the economy. This indicates a shift in investment strategy, emphasizing the importance of stock selection based on their individual strength and sustainability.

Today in the news, there is discussion about the behavior of retail investors in buying stocks of companies that are on the brink of bankruptcy. It is noted that public disclosure requirements are in place for the benefit of public shareholders, but it’s not always guaranteed that public securities will trade in efficient, rational markets. There is also talk about the barriers to private investments for retail investors, with proposals to expand access to private markets. Furthermore, the topic of “greenwashing” is brought up, highlighting the importance of ESG funds adhering to their stated principles. Finally, there is a discussion about the negotiation process between DirecTV and Dish Network, where bondholders have a significant say in the deal, and the potential merger of a company with a public listing and a company with a business or business idea.

I recently heard about a biotechnology company that has slowed down its research and development activities due to resource restrictions. As a result, they have not made progress on certain platforms and have suspended further research and development activity in some programs. The company is currently evaluating options to monetize its existing assets and exploring other strategic alternatives to maximize value for its stockholders.

There’s also news about a company planning to strategically enter the online gaming industry using a newly acquired “back-end” gaming platform that incorporates blockchain technology and full cryptocurrency operability. The company plans to establish a blockchain-based business aimed at the global iGaming market, initially focusing on online casinos and then expanding into a business-to-business model.

In other news, a major accounting and consulting firm has fired dozens of staff for cheating on professional training courses by attending more than one online training class at a time. The dismissals sparked an internal debate about business ethics and the limits of multitasking, as the fired employees claimed they did not believe they were violating company policy.

Additionally, the US has rolled out ‘open banking’ rules to make sharing financial data easier, and various companies in the finance and retail sectors are undergoing significant restructuring. There are also interesting developments in the legal and regulatory space, such as Yellen’s rebuke of Chinese lending practices and the implications of multitasking in a professional setting.

Stay Well!