Market Watch

David Goslin, a managing director with Deloitte Consulting LLP, has joined the Elon University community in the Martha and Spencer Love School of Business. David Goslin, a managing director with Deloitte Consulting LLP, will mentor and advise business students on their career options while guest lecturing in 2023 Spring Semester business courses. An accomplished business consultant with an extensive professional network in the banking and financial service industries has joined the Martha and Spencer Love School of Business as the school’s executive-in-residence. David Goslin, a managing director with Deloitte Consulting LLP , will mentor business students as he offers guidance on career options and insights on the consulting market and the business & technology job market. He will also guest lecture in business courses. Since 1994, Goslin’s distinguished consulting career has included roles in project delivery, client service, market development and practice management, with a special focus on financial service companies in both the United States and Latin America. He has established a record of successfully delivering results for clients in large-scale projects related to business transformation. Goslin has worked with some of the largest and most widely recognized financial organizations in projects related to business strategy, customer management, […]

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Azusa Pacific University’s School of Business and Management will host a series of financial literacy workshops . All workshops are free through a Canyon City Grant award and are a part of APUx , an initiative through the School of Business and Management, which aims to equip students with experience beyond the traditional baccalaureate education. APUx offers various learning experiences, microdegrees, career certificates, workshops, and certifications. The workshops will be held on the following dates: Saturday, Feb. 4: Tefera Beyene, PhD, will present on “Tax Management,” focusing on tips for managing taxes, getting the biggest tax return possible, and maximizing social security benefits. Saturday, Feb. 25: James Graham will present on “Career Development for Financial Wellbeing,” focusing on tips for how to make the most of unique talents and skills to further one’s career. Saturday, March 18: Timothy Lee, PhD, will present on Credit Card and Credit Management,” focusing on tips for how to take control of credit card debt and credit score. Saturday, April 8: Craig Kuhlman, MBA, MPS, CRSP, CTFA, will present on “Long-Term Financial Planning,” focusing on tips for future planning and building wealth over time. “For working professionals, we examine the knowledge and skills that […]

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Financing Restrictions and a COVID surge in December hammered sales in the Seattle-based coffee chain’s second-biggest market. But Starbucks still has big plans for the country. Starbucks same-store sales in China plunged 42% in December amid a renewed COVID surge that closed some 1,800 locations. / Photograph: Shutterstock. Starbucks did great last quarter, not only in the U.S. but in all corners of the world. Just don’t look at the Seattle-based coffee giant’s second-largest market, that is. China, which the company has long argued will one day take over the top spot, has struggled with continued COVID shutdowns and renewed surges of the coronavirus. Same-store sales in the last three months of 2022 declined 29% there, including a 42% decline in December. The 29% decline was four times worse than the company expected. And the company is uncertain about when it will fully recover in the country. “We are expecting the second half of fiscal 2023 in China to be stronger than the first half,” Interim CEO Howard Schultz told investors on Thursday. “But uncertainties remain and the better part of valor is to remain cautious around precisely when our recovery in China will take full flight.” Yet company […]

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___ A surprising burst of US hiring in January: 517,000 jobs WASHINGTON (AP) — For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation’s worst inflation bout in four decades. The job market hasn’t been cooperating. Consider what happened in January: The government reported Friday that employers added a sizzling 517,000 jobs last month and that the unemployment rate dipped to 3.4%, the lowest level since 1969. The job gain was so large it left economists scratching their heads and wondering why the Fed’s aggressive interest rate hikes haven’t slowed hiring at a time when many foresee a recession nearing. ___ An unexpected job surge confounds the Fed’s economic models WASHINGTON (AP) — Does the Federal Reserve have it wrong? For months, the Fed has been warily watching the economy’s robust job gains out of concern that employers, desperate to hire, will keep boosting pay and, in turn, keep inflation elevated. But January’s blowout job growth coincided with an actual slowdown in wage growth. And it followed an easing of numerous inflation measures in recent months. The past year’s consistently robust hiring gains have defied the […]

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The owner of Disc Heroes tells KGW the burglars got away with a lot of inventory — primarily comics and Magic: The Gathering cards. PORTLAND, Ore. — Comics, Magic: The Gathering cards and disc golf equipment is what Portlanders can find inside Disc Heroes , a shop owned and operated by John Thomas and his wife, in Southeast Portland. "I call myself semi-retired," Thomas said. "You don’t get rich doing this, but it’s what I love to do." That says a lot consider the events of the last few weeks. Thomas said his store located near the intersection of SE 162nd Avenue and Division Street has been broken into three times since mid-January. "I think they’re an organized crime ring of some sort," Thomas said. The work of the organized crime ring, as Thomas calls it, was captured on security cameras mounted inside and outside the store. Thomas said that over the course of the three break-ins the burglars got away with a lot of inventory. "It was well over $30,000 but I don’t want to give specific numbers because we’re still working with insurance companies but it was well over $30,000 in profit," Thomas said. "I get a […]

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Meta, Amazon, Microsoft and Alphabet posted earnings this week. Meta, Amazon, Microsoft and Alphabet’s severance packages will cost up to $4.7 billion. The tech giants have collectively laid off tens of thousands of workers over the past few months. Google parent company Alphabet will have the highest severance cost, at a maximum of $2.3 billion. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Big tech firms are accruing billions in costs from exit packages as mass layoffs continue to sweep the industry. Meta, Amazon, Microsoft and Alphabet will collectively spend up to $4.7 billion on severance costs alone, earnings reports posted this week show. Meta’s severance costs totalled $975 million for the fourth quarter, but it said some of the cost will be offset by "decreases in payroll, bonus and other benefits expenses." Facebook’s parent company axed more than […]

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Satya Nadella, CEO of Microsoft. A Microsoft software engineer said in a LinkedIn post she had many unanswered questions after being laid off. Lupe Canaviri Maydana wondered "where will I be living" as she is running against the clock. Maydana is on an H-1B visa – she has a grace period of 60 days before she needs to depart the US. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . A Microsoft software engineer of nearly two years was among the company’s 10,000 laid-off workers in January and said it left her with many unanswered questions. Lupe Canaviri Maydana, from Seattle, Washington, wrote in a Monday LinkedIn post — a week after learning she’d been let go — that there had been a "lot of things to process" including the daunting thought of where she would be living. "This change […]

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Everything’s coming up in favor of business this week. Or is it? The state had a record number of new businesses filing to start up last year. Fourth quarter, in fact, had the highest number of new entity filings in more than a decade, according to Colorado Secretary of State data. They increased 37.2% in the fourth quarter from a year ago, coming in at 48,806. Prior to 2021, filings were typically in the high 20,000s or low 30,000s each quarter. Colorado had its biggest year for business startups in 2022. Fourth quarter hit a record with 48,806 new entity filings, according to the Colorado Secretary of State. As economic growth slowed last year, economists theorized that people were looking for alternatives or side gigs to earn money so they started a business. For better or worse, the numbers kept growing. The ( red bars ) show fourth quarters that had fewer new business filings than the previous year while ( green bars ) show annual growth. Another indicator? The number of companies dissolving also increased in the fourth quarter by 17%, while those that were late or delinquent with their paperwork also grew 9.7%. The uptick could be […]

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International Business Machines Corporation ( NYSE:IBM ) stock is about to trade ex-dividend in four days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company’s books as a shareholder in order to receive the dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn’t show on the record date. Accordingly, International Business Machines investors that purchase the stock on or after the 9th of February will not receive the dividend, which will be paid on the 10th of March. The company’s next dividend payment will be US$1.65 per share. Last year, in total, the company distributed US$6.60 to shareholders. Looking at the last 12 months of distributions, International Business Machines has a trailing yield of approximately 4.8% on its current stock price of $136.94. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to check whether the dividend payments are covered, and […]

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New York CNN — Super Bowl LVI was the crypto world’s coming out party. Buzzy firms made bold pitches last year, and shelled out millions of dollars on ads encouraging viewers not to be afraid of this new-fangled digital investment — and for God’s sake don’t miss out on this exciting opportunity! You can expect a lot less noise from Team Crypto during Super Bowl LVII next Sunday. In the year since those celebrity-packed ads debuted, the entire crypto industry has been rattled by acollapse in digital asset values. Bankruptcies began to pile up over the summer. Then the real pain started. Of the four crypto or crypto-affiliated companies that advertised in the Super Bowl last year, one (FTX) has collapsed completely. The others (Coinbase, Crypto.com and eToro) have fought against industry headwinds. Shares of Coinbase, the only publicly traded company in the group, have fallen more than 60% since its “floating QR code” ad became one of the most talked-about spots. Coinbase says it will halt operations in Japan Don’t expect any of those companies to be back this year. FTX is bankrupt and under criminal investigation by federal prosecutors. Etoro, a multi-asset trading platform, confirmed to CNN […]

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