Market Watch

Photo Submitted New Venture Development instructors and UNCL team members pose with their winnings at the Ivey Business Plan Competition in Ontario, Canada. From left: David Hinton, Michael Burton, Clayton Woodruff, Payton Lenz and Sarah Goforth. A graduate student entrepreneurship team from the U of A won first place in Canada’s prestigious Ivey Business Plan Competition , securing $20,000 to put toward their innovative solution of deterring bicycle theft without the need for a bike lock. UNCL Co., short for Universal Network Controlled Lock, is an app-enabled security device that retrofits to public bike racks, allowing riders to secure and monitor their bike without the burden of carrying a heavy lock. UNCL is the third U of A team to win the competition, held this year from Jan. 20-21 at the Morrissette Institute for Entrepreneurship at the University of Western Ontario. Previous U of A winners include Learning DifferentiatED and Picasolar in 2012 and 2013, respectively. UNCL emerged from the New Venture Development course sequence in the Sam M. Walton College of Business . The team formed when the four co-founders met in the NVD class, where CEO Michael Burton recruited them to work on his idea for a […]

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A top 10 rise for the College of Engineering and another strong showing by the College of Business headline the University of Nebraska–Lincoln’s progress in the 2023 U.S. News and World Report rankings of online master’s degree programs. Improving eight spots from No. 17 in 2022, the Master of Engineering Management program within the College of Engineering is No. 9 in U.S. News’ 2023 Best Online Master’s in Engineering list. In the same category, the program is ranked No. 6 overall for veterans. Four College of Business programs finished among the top 20 in the U.S. News report. Among all online Master of Business Administration programs, MBA@Nebraska improved seven spots to No. 19 and jumped three places to No. 15 for best options for veterans. And, for the first time, Nebraska Business is at No. 14 for best online business master’s programs. Business programs finishing at No. 14 include Master of Science in business analytics, finance and supply chain management. Nebraska’s Master of Engineering Management is designed for working professionals in engineering, technology and science industries. It is one of nine programs internationally certified by the American Society for Engineering Management for exceeding rigorous ASEM standards and for its […]

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Today is hump day, but any tuned-in market watcher will be ignoring camels and monitoring cars on this Wednesday. I’m senior reporter Phil Rosen, here to ring in a pivotal Tesla earnings report with you this morning. While Elon Musk faces lawsuits in San Francisco for his infamous "funding secured" tweet, his net worth has skyrocketed nearly $11 billion this week. But his wealth — and the wealth of his shareholders — could whipsaw today, depending on what comes across in a particularly important earnings report. If this was forwarded to you, sign up here . Download Insider’s app here. Elon Musk 1. Everyone knows Tesla took a bludgeoning in 2022. But amid the bearishness (not to mention distractions from Twitter), Elon Musk’s car maker is still a favorite on Wall Street. FactSet data shows that 64% of analysts give Tesla stock a "buy" or "overweight" rating. That’s the highest proportion since 2014. The median target price estimate for Tesla is $194 — which represents roughly a 25% upside from current levels. For Wedbush’s Dan Ives, today marks one of the most important moments in Tesla’s history. The stock has plenty of upside for 2023 , but Ives believes […]

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Ifo index rises to 90.2 in Jan. vs 88.6 in Dec. Germany expected to avoid recession – govt economic report GDP could shrink slightly in Q1 – Ifo economist BERLIN, Jan 25 (Reuters) – German business morale brightened in January as Europe’s largest economy started the new year with easing inflation and an improved outlook, a survey said on Wednesday. The Ifo institute said its business climate index rose to 90.2, in line with consensus according to a Reuters poll of analysts and up from a reading of 88.6 in December. "The German economy is starting the new year with more confidence," Ifo’s president Clemens Fuest said. The increase is driven by considerably less pessimistic expectations, while companies were, however, somewhat less satisfied with their current situation, Ifo said. "There probably won’t be a recession, but GDP could shrink slightly in the first quarter," Ifo’s economist Klaus Wohlrabe said. Franziska Palmas, senior Europe economist at Capital Economics noted that present conditions remained challenging. "The fall in its current conditions index is a reminder that the economy is not out of the woods yet." The euro zone largest economy is expected to narrowly avoid recession this year with price-adjusted growth […]

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getty Over the past several months, we have seen turmoil in the markets as technology company stocks have been hit with significant price decreases. We have seen a large number of layoffs in high-tech companies, and many companies are forecasting lower growth and investment for the next year. This is the first time in more than 10 years that we have seen the technology industry operate in a more constrained business cycle, and as product leaders, we need to adapt and help our organizations deal with this changing business cycle. We’ll need to revisit some of the leadership techniques and enablement that we haven’t had to deal with for several years. Managing the human talent on your product teams, managing the message to the rest of the business and recognizing that there will be additional pressures on you as a business and product leader are all required to be successful in these challenging times. Below are some concrete steps that product leaders can take to be successful in difficult economic climates. 1. Recognize uncertainty. Everyone in the organization is going to feel more uncertain about business prospects than previously. Over the past 10 years, the challenge has been hiring […]

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Cessna employee Dwight Bennett works inside of a jet during a tour of the Cessna business jet assembly line at their manufacturing plant in Wichita, Kansas August 14, 2012. REUTERS/Jeff Tuttle Jan 25 (Reuters) – Cessna jet maker Textron Inc (TXT.N) reported a better-than-expected revenue on Wednesday, as a pandemic-driven demand for private jets shows little signs of cooling. The spread of the COVID-19 pandemic drove up demand for private plane travel from the ultra rich, boosting results at business jet makers in North America. Textron reported a fourth-quarter revenue of $3.64 billion, compared with analysts’ average estimate of $3.61 billion, as per Refinitiv data. Revenue at Textron Aviation, the company’s biggest unit, came in at $1.6 billion in the quarter ended Dec. 31, up $223 million, on higher prices and sales volume. The business jet maker also forecast an adjusted profit per share of $5 to $5.20 for 2023. Analysts expect a profit of $4.51 apiece. It was not immediately clear if the figures were comparable. Textron forecast a 2023 revenue of about $14.0 billion, up from $12.9 billion in the year-ago period.

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getty As a business development leader, you constantly seek ways to grow and scale your business. Exponential growth may seem like an elusive goal, but with the right strategies in place, it is achievable. In this article, I will break down five steps you can take to maximize your business growth. 1. Identify your target market. Knowing exactly who you are targeting is the first step toward scaling your business. This means understanding the needs, wants and pain points of your target market and tailoring your products or services to meet their specific needs. By focusing on a specific market segment, you can come to an understanding of their needs which enables you to create a value proposition that resonates with them. In the early 2000s, I founded a small boutique law firm with the aim of serving owners of medium- to large-sized businesses seeking legal services to protect their organizations. Through market research and client discussions, the firm focused on helping our clients develop a tailored value proposition that could help them navigate the legal landscape and grow their businesses. I came to recognize how important it was to identify and resonate uniquely with a target market. This […]

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getty Since I started working in HR, the way HR is viewed by the business community has changed for the better. The growth of our role as business partners means the department is less often seen as the "department of no" (that accolade is now held by security it seems). It has been exciting for me to see this transformation, but I feel businesses could still be getting more value from their HR teams, which in many places are underutilized when it comes to business growth. In a period of growth, especially after a funding round, there is often a large increase in hiring. And while HR is often responsible for those hiring processes, I have seen that many times other aspects of HR take a back seat. Increasing headcount can be made significantly harder if the company has to replace employees at the same time as it adds new ones. This also makes recruitment harder, as well as onboarding, training and team formation. In these instances, HR professionals can be tasked with the multifaceted goal of retention as much as they are charged with hiring. Here are three ways HR can enable business growth by going beyond its […]

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Craftsmen work on cast metal for the production of an art work at the Hermann Noack fine art foundry’s production site in Berlin on January 24, 2023. A January Ifo survey showed improved sentiment among German businesses. Craftsmen work on cast metal for the production of an art work at the Hermann Noack fine art foundry’s production site in Berlin on January 24, 2023. A January Ifo survey showed improved sentiment among German businesses. Tobias Schwarz | Afp | Getty Images German business sentiment improved in January, according to a widely watched survey from the Munich-based Ifo Institute — in a prospective sign that Europe’s largest economy could swerve a recession. Ifo’s Business Climate Index rose to 90.2 points from 88.6 points previously on “considerably less pessimistic expectations,” a release said. This still left the index below its 2021 and early 2022 level. Companies reported overall lower satisfaction with their current situation. This was offset by a better sentiment on trade and by signals of present satisfaction and future optimism from manufacturing firms. “The expectation was that there might be a recession in the fourth quarter of ’22 and the first quarter of ’23. Now it looks like the […]

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