Unionization Cost Raises at Starbucks?

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According to the Washington Post, Starbucks illegally withheld wages and benefits from thousands of unionized baristas, the National Labor Relations Board (NLRB) alleged in a complaint Wednesday. Questions: How many Starbucks locations have voted to join the union? What does the NLRB seek as a result of the complaint? Explain the disparity in wages between… Read more »

Stocks extend Losses

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There has been a lot of market movement since Fed Chair Powell’s Jackson Hole speech last Friday. Questions: What did Powell say about interest rates? 2. What did the article say that Powell’s speech is trying to remind people about? 3. How high do you think interest rates will be raised? 4. What do the… Read more »

Long Awaited Agreement is Only a First Step

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According to Thomson Reuters, the U.S. Public Company Accounting Oversight Board (PCAOB) on Aug. 26, 2022, finally signed an agreement with Chinese authorities that will allow the board to inspect and investigate audit firms based in China and Hong Kong whose clients trade on American exchanges. Questions: When will the PCAOB start inspections? What were… Read more »

Layoffs Announced at Robinhood

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According to the New York Times, Robinhood announced layoffs for the second time this year. Questions: What is Robinhood? What percent of employees will be layed off in this second round? Why are the layoffs occuring? What roles in the company will be primarily affected? Source Kelley, L. and D. Yaffee-Bellany. (2022). Robinhood lays off… Read more »

CNN Profits Tank

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According to the New York Times, CNN profits have slumped for the first time in years. Questions: The network is on a pace to drop below its usual profit point. What is this point? What service did the newly formed Warner Bros. Discovery make when it took over CNN? What are some of the revenue… Read more »

Roth IRAs for Children

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According to IRS rules, there is no minimum age to open a Roth IRA as long as certain rules are met. Questions: What is probably the most important rule for children to meet? What are some other Roth IRA rules? Does money for a Roth have to come directly from your child’s pocket? What if… Read more »

Trouble Ahead? Bad Economic Week

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Are we headed for a recession? Questions: What is the opinion of Goldman Sachs’ CEO? What did JPMorgan Chase’s CEO say? What did Elon Musk say? What is your opinion and why? Source: Mui, C. (2022). More than 60% of executives think a recession will hit soon, new survey finds. Fortune, June 17 (Retrievable online… Read more »

Attention Cryptocurrency Investors

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According to the New York Times, the fall in Bitcoin was accelerated in recent weeks by the collapse of two major cryptocurrency projects; this sows doubts about the stability of the overall cryptocurrency market. Questions: Bitcoin dropped below $20,000 this week. This is the first time since when? From March 2020 to November 2021, what… Read more »

Exploiting Inflation to Pad Bottom Lines

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According to The Washington Post, some companies are exploiting inflation to pad their bottom lines. Questions: What evidence indicates that companies are raising prices to exploit rather than in relation to underlying cost increases? If companies are passing on their own higher costs to consumers, their _______________ should stay roughly the same. How do analysts… Read more »

Finally the End for Nikola Motors (NKLA)?

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According to Electrek.com, Nikola Motors has lost almost its entire supply chain leadership over the last few months as the situation at the company is starting to look dire. Questions: Why has the founder of Nikola Motors been in the news over the past few years? Why did the company move away from developing a… Read more »