Month: June 2017

Potential Issues with Brexit

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With the European Unions greatest financial point set to leave the Union, how can the EU ensure the stability of the Euro?

Even without using the Euro, The United Kingdom has been the primary go “middle man” for purchasing and selling financial products priced in Euros. They handle transactions that could reach 1.5 trillion Euro a day. From the Start the European Central Bank urged this market to be distributed among it members but was never had any authority to force London, a member of the EU, to stop the business. But with Brexit assured, thing could now change.

“Euro Clearing” in London employees about 83,000 jobs directly or by its support network. This would greatly impact the UK if they are to lose their request to maintain the market. At the same time moving these businesses could unnecessarily damage the EU by pushing up costs for companies who use the financial products.

Tech Stock in Trouble

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Billions of dollars have been lost as stock value of companies like Apple, Amazon and Microsoft are hit by the continued drop in Tech Stock.

This my not seem important to most, as people don’t actively participate in the Stock Market. But if you have a 401(K) or IRA, which is most North American citizens, then its likely you have investments in one or two popular companies.

This is important news as Tech companies (Facebook, Apple, Google and Microsoft) are positioned as top most popular mutual stock fund investment. Tech companies have gained increasing importance in relation to the US economy, which in turn makes it difficult to not want to invest in them.

Tech Stock has usually been viewed as a durable, long-term investment which will see continued growth in the long run, so people are quick to bet on companies like Facebook and Amazon and new markets they are opening. But because of this very reason, research into unknown an untested technologies ins VR, OS, storage, phones or game consoles can cause people to doubt a company and their directions.

This is worth considering as the start of drop can be linked to a selloff in Apple stock, closely after their WWDC and may be related to their new lineup of computers and laptops as well as OS.

 

CV Not Important for Jobs Search?

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Recent surveys have found that 77% of executives prefer to use networking to find candidates for open job positions, with interviewing and social media presence also identified as important factors.

This survey revealed that 2% will only read a CV for two minutes and 50% will only take 5 minutes reading a resume during a job search process.

The length of time that executives spend reading a candidate’s CV during the job search process was also revealed, with over 50 per cent spending just five minutes and 13 per cent only two minutes.

This doesn’t mean you have to stop updating your CV, they still mater and the experience portion has been identified as the most important piece of information on a candidate’s resume.

Here are three more interesting stats

50% executives will only take 5 minutes reading a resume during a job search process and 2% will only read a CV for two minutes

15% of executives the quality of the previous employer is important information.

2% of executives consider education as really important information.

Multi-million Dollar Loss for Uber

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Following its last 3 months of 2016 and the financial loss of 991 million dollars, this recent quarter has resulted on a 702 million dollar loss and the departure of Gautam Gupta, their Finance Head. He is only the latest of executive to depart the company.

Uber has lost their Head of Communication and President among multiple other top level executives and has suffered its fair share of scandals involving sexual harassment and the Department of Justice looking into recent allegations of Uber undermining and trying to thwart authorities trying  to determine if they comply with regulations.

This is all negative news for the company, but at the moment they are siting safe with approximately 7.2 billion dollars saved up. It is up to Uber to improve their culture, management and leadership in its field and try to avoid acting or conducting themselves in ways that could lead to more lawsuits and allegations against them.