Monday, September 30, 2019

Forbes: UBS Doubles Down On Gold — Ups Its Forecast Again!

By SIMON CONSTABLE 

The usually-conservative Swiss bank UBS has upped its forecast for the price of gold for the second time in less than two months.

Now it says the price for the yellow metal could reach as high as $1,730 a troy ounce next year, up $50 from an August forecast, a recent UBS report states. The note last month pointed to the possibility of $1,680 over the same timeframe. Read more here.

Forbes: Goldman Sachs Warning -- One-Share One-Vote Or Else The Stock Will Suffer

By SIMON CONSTABLE

Wall Street is getting serious on shareholder rights. 

Iconic Wall Street bank Goldman Sachs just issued a warning to companies that go public with a skewed "multi-vote" share structure. Such arrangements often allow the founders to keep the majority of votes even if they own a minority of the shares. Read more here.

Thursday, September 26, 2019

Forbes: 5 Surprising Lessons From Medieval Warrior-Knights That Every Leader Should Learn

By SIMON CONSTABLE

America’s obsession with the new and funky means that sometimes our leaders forget the lessons of the past.

That’s why a quick flick through Crusaders: The Epic History of the Wars for the Holy Lands, is not only grounding but instructive as well. Publication is scheduled for October 1. Read more here.




Tuesday, September 24, 2019

Forbes: Coming Soon To America: The​ Incredible Shrinking Savings Account

By SIMON CONSTABLE

Savers are having a hard time in most places but it’s far worse in Denmark. 

In the Scandinavian country, some savers must pay the bank to look after their money not vice versa. Worse still, such a weird phenomenon will likely come to the U.S. sooner or later.

Here’s what you need to know. Read more here.

Korn Ferry: The Thomas Cook Nosedive

By SIMON CONSTABLE
Britain just suffered a vacation nightmare. 
Thomas Cook Group, the iconic British travel company that all-but-invented the package holiday in the early 1800s has gone bust after almost two centuries doing business. It leaves 21,000 people without jobs, hundreds of thousands of holiday makers stranded and lots of questions about what exactly went wrong. Read more here.

Monday, September 23, 2019

Korn Ferry: Is Brexit Really One Month Away?

By SIMON CONSTABLE
With just weeks to go before the country's scheduled Brexit 'leave date' of October 31, even the British government has the jitters about the potential for economic chaos.
Cabinet ministers recently revealed part of the disaster plan if the UK exits the EU without a trade deal. The report, named Yellowhammer, warns about supply disruptions in medicine and food, as well as long border delays for commercial trucks. There's also the potential for civil unrest. Read more here.

Forbes: Trump's Tweets Shows How The Fed Lost Its Credibility With Investors

By SIMON CONSTABLE

Observers have long suspected that President Donald Trump's jawboning of the Federal Reserve may hurt the central bank's credibility with investors.

Now they have proof in the form of a recent study from the National Bureau of Economic Research. Read more here.