Market Watch

Recent decades have seen declining intergenerational mobility in the US, though its pattern varies widely. In new research, Kohei Takeda unpacks the relationship between declining manufacturing in parts of the US – which are often termed the ‘Rust Belt’ – and workers’ income mobility. This mobility is affected by both falling labor mobility and the historic employment choices of people in former manufacturing centres. More education to break the persistence in these choices, he writes, may be the key to workers regaining intergenerational mobility. The declining ability for Americans to increase their incomes across generations has attracted enormous interest in the US. Children from families in San Francisco have 8 percentile higher prospective income rank compared to those from Detroit in terms of their prospective income rank. ​Why, in the same country, are the citizens of San Jose or Tucson on entirely different trajectories than those in Detroit and Cleveland? The key to answering this question is the interplay between structural transformation in the aggregate and local economies in the US. The last half-century has seen sustained deindustrialization and a general shift toward the service sector in the US. At the same time, there has been a significant variation […]

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Source: Shutterstock In this article we are going to estimate the intrinsic value of Camping World Holdings, Inc. ( NYSE:CWH ) by estimating the company’s future cash flows and discounting them to their present value. We will use the Discounted Cash Flow (DCF) model on this occasion. Before you think you won’t be able to understand it, just read on! It’s actually much less complex than you’d imagine. Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model . Is Camping World Holdings Fairly Valued? We’re using the 2-stage growth model, which simply means we take in account two stages of company’s growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren’t available we extrapolate the previous free cash flow […]

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(Alliance News) – Oriole Resources PLC on Thursday hailed progress in Cameroon, after exploration confirmed lithium pegmatites at its Central Licence package project. Oriole is a London-based gold exploration company, focused on an early stage exploration project in Cameroon and the more advanced Senala gold project in Senegal. It also has a number of interests and royalties in companies operating throughout Africa and Turkey. In November 2022, the company said that its soil sampling programmes had identified lithium-in-soil anomalism at the Ndom licence, each extending over a nine kilometre strike length. In the same month, it secured the Gamboukou licence, immediately to the south of Ndom, in the hope that it might have similar potential. Since then, Oriole has been completing reconnaissance exploration at both licences to assess their potential to host lithium-bearing pegmatites. On Thursday, it confirmed multiple pegmatite veins within the granitoids and the older basement rocks. A total of 64 rock-chip samples were taken at Ndom. Further samples were also taken to assess which minerals are lithium-bearing. Mapping and sampling programmes have meanwhile continued at Gamboukou. "With the multi-element work flagging potential lithium anomalies during 2022, we are pleased to be progressing reconnaissance work on our […]

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CI Capital studies investment opportunity in non-banking financial sector 1 CI Capital, a holding company for financial investments, is studying a new investment opportunity in the non-banking financial activities sector. Mahmoud Atallah, Chairperson of CI Capital, said that the opportunity could be through establishment of a new entity or acquisition. CI Capital launched this week the seventh edition of the annual MENA Investor Conference. On the sidelines of the conference, Atallah indicated that the merger plan between “CI Capital” and “Misr Capital” has been completed, and the latter represents a promising opportunity and supports the business model. He added that most of the legal procedures have already been completed by Banque Misr, and the final details of the merger are being finalized. He also stated that the conference witnessed a great turnout by investors, and a change in the exchange rate is possible in all countries that foreign investors plan to enter. There is no guarantee that it will not change, and the foreign investor prepares sufficient detailed studies before entering the target market. He added that the problem of the Egyptian economy is on its way to a solution, with the need to control the inflation file during […]

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Global employers often need to contend with determining whether federal, state and local employment laws, including equal employment opportunity (EEO) laws, cover their employees working abroad. Consider this hypothetical example: Employee X, a former employee of Company ABC, an American company with fifty employees in the U.S. and abroad, files an EEOC charge against Company ABC. Employee X worked for Company ABC in Germany. Company ABC is not entirely sure of Employee X’s citizenship status. Given that Employee X worked in Germany, Company ABC is surprised that it received the charge. The extraterritorial applicability of EEO laws rests on several factors. Both Company ABC and Employee X are evaluated to determine if: (i) Company ABC is covered by EEO laws and (ii) if Employee X is protected by EEO laws. Are EEO laws applicable to Company ABC? Legal Considerations: First, the EEOC will determine if Company ABC is considered a "U.S. employer." Company ABC will be a U.S. employer if it is incorporated in the U.S., if it is based in the U.S., or if it has sufficient connections with the U.S. Assuming Company ABC falls within one of these three categories, the EEOC will then review Company ABC’s […]

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In recent weeks, the Department of Justice has released key guidance in the form of a memorandum from Attorney General Garland regarding charging, pleas, and sentencing, in addition to an updated Corporate Enforcement Policy from DOJ’s Criminal Division. These updates have important ramifications in the white collar context and companies are encouraged to review them and understand their mandates. This blog post summarizes both updates and sets forth considerations that companies should keep in mind to ensure that they have best practices in place and are adequately prepared to navigate potential negotiations with the government. On December 16, 2022, United States Attorney General Merrick Garland issued two related memoranda (collectively, the “Garland Memo”) which provide guidance to federal prosecutors regarding department policies for charging, pleas, and sentencing. Following publication of the Garland Memo, on January 17, 2023, Assistant Attorney General for the DOJ’s Criminal Division Kenneth Allen Polite Jr. announced important revisions to the Criminal Division’s Corporate Enforcement Policy (the “CEP”), which alter how it will evaluate corporate criminal matters. [1] This blog post summarizes key aspects of the Garland Memo, explains how its directives depart from or build upon the guidance of previous administrations, and highlights some potential […]

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CHICAGO, Feb. 2, 2023 /PRNewswire/ — Opportunity International, a leading global nonprofit, today announced the successful completion of its three-year Waymaker Campaign, raising $101 million of philanthropic capital that will leverage over $1 billion in social impact funding from local banks and financial institutions to provide loans, investments and wraparound services to 25 million people living in endemic poverty so they can build their incomes and educate their children. Opportunity launched the Waymaker campaign in January 2020 with the goal of raising $100 million to provide $1 billion in loans, investments, training and support to equip families and smallholder farmers living in poverty in 30 countries in the global South with the capital and the skills they need to get jobs, start businesses, improve their farms, build low-cost schools and increase their incomes. The organization’s focus is on reaching high-need groups like women, girls and people living in extreme poverty. "The successful culmination of this campaign during a period of economic uncertainty, global conflicts and a global pandemic is a testament to the passion of our donors and supporters for giving some of the most vulnerable people on the planet a hand-up to build incomes, feed their families, educate […]

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Building a freemium product or service is only the first step . Once you’ve done the work to build and launch a freemium product, you will have to collect initial market reactions and see how the funnel behaves at each touch point. You will then have to decide whether to optimize the freemium experience, keep it the way it is currently or remove the funnel altogether. Each funnel has a set of metrics: Acquisition. Activation. Retention and engagement. Monetization. Expansion. There are many ways to improve each step so you must consciously reevaluate your strategy to avoid over-investing. There may be situations where unit economics are not yet working, but the increase in conversion required to break even is very small. You may learn that new users find it difficult to activate and move to a paid tier. Or you may find that your users are excited about the free tier and see no reason to upgrade. What to optimize? Enabling freemium, especially for established products, can bring organizational and operational challenges even if it adds value to the business. As described above, you need to analyze how your freemium funnel performs to understand where the biggest problems are. […]

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NUZEST-USA Wins Recognition for the Best New Product Line Opportunity NUZEST- USA , a fast-growing and innovative provider of clean, lean, plant-based protein powders, mixes, and snack bars, is rated one of the market’s best brands by discerning customers… especially those consumers suffering from allergies, food sensitivities and immune system issues. This brand is worth serious consideration. NEW YORK , Feb. 2, 2023 /PRNewswire/ — NUZEST – USA has been recognized by Retailer News Network for offering the best new product opportunity in the plant-based protein dietary supplement and snack market. The company’s products are ethically sourced, vegan-friendly and better-tasting (according to many satisfied customers) than those of their competitors, many of which are larger, and better-known brands fighting for an increased revenue share in this very competitive and fast-growing market segment. NUZEST is the superior brand in virtually every important aspect, and is on an impressive trajectory. [ read complete release ] The protein supplement and specialty snack market, which includes a growing proportion of plant-based products, is currently estimated to be $25.6 billion . At a compound annual growth rate of close to 10%, it is expected to reach or exceed $41.23 billion by 2028. As general […]

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Telisha Woodfin (left) is one of several Richmond-based business owners working with Elsie Harper-Anderson, Ph.D., an associate professor at the L. Douglas Wilder School of Government and Public Affairs, (right) on how to address the challenges she faces as a business owner. (Photo by David Slipher, L. Douglas Wilder School of Government and Public Affairs at VCU) Elsie Harper-Anderson, an associate professor in the Wilder School of Government and Public Affairs at VCU, is advancing Richmond as a national model for entrepreneurial study and investment. L. Douglas Wilder School of Government and Public Affairs When Elsie Harper-Anderson , Ph.D., thinks about the economics of equitable entrepreneurship, her focus extends beyond economic statistics on equality in urban labor markets.She’s recognized a growing need to reach beyond the numbers and uplift voices by capturing a new type of data — the intersection of the everyday lived experience and the journey of entrepreneurship. What are their day-to-day lives like? What are the unique factors impacting their success? What are their perceptions and concerns within the local business environment? These questions are leading Harper-Anderson, an associate professor at the L. Douglas Wilder School of Government and Public Affairs at VCU, down an uncharted […]

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