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5 things you may have missed in investing this week

It’s safe I think to make these four assumptions after a long, grueling week in the markets.

First, you thoroughly understand the blowup of Silicon Valley Bank (SIVB for short) by reading this in-depth feature out of Yahoo Finance editor Dan Fitzpatrick. This look at the fallout from the VC side by Natasha Mascarenhas at Yahoo Finance sister publication TechCrunch is also super helpful.

Hence, this hot take from veteran strategist Jim Reid at Deutsche Bank shouldn’t knock you off the chair.

“Considering the client outflows are also likely driven by higher interest rates, it is not a stretch to say that this episode is emblematic of the higher-for-longer rate regime we appear to be at the start of, as well as inverted curves, and a tech venture capital industry that’s been seeing much tougher times of late. The perfect storm of all the things we’ve been worrying about in this cycle,” Reid opined.

Silicon Valley Bank has now been taken over by the FDIC. Chatter is that the FDIC is looking to find buyers for the stricten bank’s assets by Monday to prevent any contagion.

Next is a heavy dose of Fed chief Jerome Powell over two days of testimony to lawmakers. Powell was hammered by lawmakers as usual, and the market freaked out by suggesting the only direction for interest rates this year would be up, up, up to fight the ongoing war against inflation.

Powell then walked back some of his tough talk, points out Yahoo Finance Fed correspondent Jennifer Schonberger.

This seemingly hawkish Powell commentary is especially relevant in light of another hot jobs report on Friday — 311,000 increase on the headlines, above Wall Street estimates for 225,000.

And finally on the topic of walk backs, Tesla CEO Elon Musk apologized after criticizing a disabled employee laid off Twitter. Tesla shares still fell about 13% on the week as investors punished Musk for the latest distractions.

This downgrade on Tesla by Berenberg analyst Adrian Yanoshik also didn’t brighten the mood on Tesla shares, either.

Without further ado, here are several things you may have missed.

  1. Barbie turns 64 years young: Mattel celebrated Barbie’s big day by signing off on CEO Ynon Kreiz appearing in a Yahoo Finance Live exclusive interview. Kreiz tells us the year has started off well and the glut of oversold toys from the holidays will be worked through by mid-year. Happy BirthdayBarbies!

  2. So long, Mr. Labor Secretary: After 27 Yahoo Finance Live appearances in recent years (Friday being the last one), Labor Secretary Marty Walsh is set to become the executive director of the NHL Players’ Association notes Yahoo Finance Washington correspondent Ben Werschkul. Walsh ends on the high note of another month of strong job creation. Enjoy your Dunkin’ Mr. secretary.

  3. The Bob Iger chest pounds: After winning an ugly public battle against activist investor Nelson Peltz in early February, Disney CEO Bob Iger is back on the investment banking scene with a pit stop this week at a Morgan Stanley conference. Iger hinted at a few Marvel movies (good). Yahoo Finance media reporter Alexandra Canal picked up on Iger saying he is “open-minded” on the future of ESPN amid long-time sale chatter. Next thing to watch for from Disney: its April 3 annual shareholder’s meeting.

  4. Gap down: Shares of long-time struggling retailer Gap were pounded on Friday after a small holiday quarter. The company looks truly rudderless, sacking its chief growth and people officers in another cost-cutting move. Yours truly serves up a blunt take on Gap’s future (if there is one) here.

  5. The sights and sounds of a busy week:

    1. Sevens Report Research Founder Tom Essaye: “Bottom line, I appreciate the bad memories that the Silvergate and Silicon Valley Bank headlines stirred up, and I appreciate the ‘sell now ask questions later response.’ But this is not 2007. The crypto industry is not the national housing market, and bank capital rules and reporting requirements are far different than they were in the mid-2000s.”

    2. A rare double downgrade, this time on Etsy (due to valuation) by Jefferies John Colantuoni

    3. Goldman Sachs analyst Jordan Alliger rolling the dice on FedEx with a buy rating into March 16 earnings: “To us, we think February quarter risk around peak is generally well-known, and the possibility for some FY4Q upside could be more of a driver looking ahead.”

Brian Sozzi is Yahoo Finance’s Executive Editor. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

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J. McCann & Co. Ltd – RoSPA Workplace Safety Blog

To win a RoSPA Health and Safety Award is by no means an easy feat. Last year alone, we received close to 2,000 entries from across the globe. To achieve one gold achievement award is a fantastic accolade for your organization… however, to continue that winning streak year after year is outstanding. In 2019, Nottingham based civil and electrical engineering firm J. McCann & Co. Ltd. did just that and achieved their fourth RoSPA Gold Achievement Award (and they couldn’t be more delighted).

An Achievement Award truly is the accolade that safety professionals across all industries aspire to. In our latest interview with four-time Gold Award Winner, J. McCann & Co. Ltd explains how winning a RoSPA Award has impacted their organization…

What motivated you/your organization to enter the RoSPA Awards?

Entering the RoSPA Awards motivates our organization to drive improvements for our safe systems of work, year upon year. It also allows us to demonstrate our commitment to the safety of our staff, contractors and all others affected by our work, whilst enabling us to showcase and celebrate the success of our workforce, who work to an award-winning standard.

Winning a Gold Award for the fourth consecutive year is proof of how entry into the awards process drives and develops our systems.

What benefits does winning a RoSPA Award have for you/your organization?

Winning a RoSPA award supports our strong health and safety culture that we have here at McCann and helps to provide great supporting evidence to a client’s Pre-qualification Questionnaires (PQQs).

We also display that we are a RoSPA Gold Award Winner in all of our email signatures, which helps to promote us as an organization that works to extremely high standards, especially when it comes to health and safety.

What do you enjoy most about the RoSPA Awards process?

We always look forward to the awards dinner because it is a great opportunity for our support staff to receive recognition for the very important work they do. We arrange for as many of them as possible to be at the dinner where they can relax and meet with other employees from our site and celebrate shared success.

What do you think the applicant could do over the year to keep drafting an award submission simple?

To guarantee a straight forward submission, it is important to remain organized. Initially, you should read the RoSPA submission guidance and take the time to digest all the information and thoroughly understand it.

Assigning the responsibility to one person ensures that they are focused on the submission and can take control of what is needed at each stage. The designated employee should then make folders for each of the submission headings and collate evidence as they go, for example, saving any relevant emails. When filing evidence, it is useful to categorize the evidence early on as this will help prevent repetition of evidence across different categories.

What advice would you give to organizations considering entering the awards for the first time, or how would you convince organizations not to enter the awards to start entering?

First of all, the awards are about telling the story of what is going well using the information you already have, which can be simpler than you may assume, so it is always worth entering. Also, don’t avoid entering if you have had an incident at work. The RoSPA Awards are a great opportunity to show that you have developed mature safety processes, but can also show how you learn from such incidents to prevent them from happening again. This can also lead to opportunities to demonstrate key learning and share findings with the rest of your wider industry.

We would advise not repeating the same evidence in the categories, which is where preparation and organization play a huge part. It’s also good to remember that less is more with your written submission. Drafts your document and check the word count, you will likely exceed the word limit the first time you do it but keep working on it until it’s as succinct as possible.

So what’s stopping you? The process of joining the global RoSPA Award-winning community couldn’t be simpler. Simply visit www.rospa.com/awards, register online, and submit your entry via our online portal. First-time entrants? Don’t worry, as support and guidance is available through our mentoring scheme – read this blog to find out more.

Make your health and safety top priority in 2020 – RoSPA Workplace Safety Blog

Warren Buffett, who was recently named as the fourth wealthiest individual in the world, once said:

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”

This is good advice that can be applied to many aspects of life, but it’s especially true when it comes to health and safety.

When an accident occurs there are of course measurable outlays: damage to equipment, loss of revenue and sick days caused by injuries. There are also intangible costs such as damage to reputation and/or loss of trust in an organization. So here are 3 good reasons to make health and safety your top priority in 2020:

1) Your reputation depends on it

A major accident often attracts media attention and public outcry. If the situation is not handled confidently and competently, this can easily translate into reputational damage. It is difficult to be precise about the cost of reputational damage to an organization or company. However, Tim Ward, chief executive of the Quoted Companies Alliance says that the “total value of corporate reputation for all UK-listed companies could be worth as much as £1.7tn, or 28% of companies’ collective market value”.

One way to build trust in your organization’s health and safety processes is to join the RoSPA Membership community. Having RoSPA Membership is so much more than something to display on your letterhead; it helps your organization to continually improve its accident prevention polices, by gaining access to a wealth of health and safety knowledge, materials and benefits that’ll help your organization stay compliant with current regulations and up-to-date on best practice.

2) Accidents cost money

It is often assumed that workplace accident costs are recoverable through insurance. This is a dangerous misconception. Accidental and ill-health costs can be likened to an iceberg: costs that are recoverable are visible but those that are unrecoverable are hidden below the waterline and are many times greater. The HSE estimates the hidden cost of accidents can be up to 10 times greater than the insured costs. Uninsured costs can include:

  • lost time
  • Sick pay
  • Damage or loss of products and raw materials
  • Repairs to plant and equipment
  • Extra wages, overtime working and temporary labour
  • Production delays
  • investigation time
  • FFI or prosecution fines
  • Loss of contracts and damage to reputation
  • Legal costs.

To make sure you have a solid foundation to manage safety effectively, we offer a one-day Risk Assessment course which will help you carry out ‘suitable and sufficient’ assessments – thereby protecting employees ‘as far as is reasonably practicable’ and reducing the likelihood of unnecessary costs. The course is suitable for anyone with a responsibility for undertaking risk assessments, particularly line managers, supervisors and safety representatives.

3) It’s the Law

Still not convinced you should prioritize health safety? You should be – it’s the law. The Corporate Manslaughter Act in 2007 means that failure to meet your directors’ responsibilities for health and safety could now result in imprisonment. If you are a director, safety falls within your remit, and the law will therefore hold you accountable for any failings.

To make sure you stay compliant with the law, we offer a one-day Director Involvement course to teach you everything you need to know to monitor and review health and safety issues, as well as provide practical advice on driving forward health and safety strategies. The course is designed for directors, governors, trustees, officers and their equivalents in the private, public and voluntary sector.

For more information on our Director Involvement training qualification, you can visit our website, email us, or call us on +44 (0)121 248 2233.

Errol Taylor CDir FIoD FRSPH, CEO, RoSPA

Spotlight on RoSPA’s First International Awards Ambassador – RoSPA Workplace Safety Blog

In 2018, RoSPA developed the RoSPA Awards Ambassador scheme, aiming to create a network of individuals who champion RoSPA’s objective to drive up health and safety standards via the RoSPA’s International Health and Safety Awards. With more than 27-years of experience in OS&H management, and over half of those spent working overseas, Stephen Storey, who is based in India, was well placed to be RoSPA’s first international awards ambassador. We catch up with him to see what this means for him.

Stephen Story has spent fifteen years working overseas in OS&H management in the Middle East and Asia. He is currently corporate EHS head for Larsen & Toubro (L&T Heavy Civil) in India.

Stephen is one of those on the frontline. His personal goal is to drive up standards across the board in a country where safety culture is not as mature as say Europe or the US. In his work with L&T, he is in charge of the safety and wellbeing of thousands of employees and contractors working in high-risk environments in heavy infrastructure sectors such as tunnels, rail, roads, bridges, nuclear, hydropower, defense, ports and harbors .

The Indian health and safety scene presents its own particular challenges. More than 22 official languages ​​are spoken in the country, and it also has a transient workforce which poses a problem for those trying to instil good OS&H practice and create a safer working environment. However, Larsen & Toubro have worked hard to overcome these obstacles and use the RoSPA Health & Safety Awards to demonstrate a massive commitment to health and safety with consistent entries into these international awards for almost 20 years, with over 100 entries across Larsen & Toubro in 2019.

“The workforce is highly mobile and seasonal and this produces a large, quick turnover of labour, which comes mainly from the agricultural sector.

“Workers generally have very little experience or understanding of complex construction and engineering work methods, and the correct safety behaviors that require implementation to enable accident prevention.

“Making that change and developing those skill sets in a small window of time – before the workforce leaves the projects to take up jobs outside the construction industry in their native region – is a big challenge.”

So how is Stephen tackling these issues?

He is attempting to implement and grow a safety culture, not only through his day-to-day work on the ground but through making a firm commitment to employees and by seeking ways to further expand his influence and promote best safety practices.

stephen regularly works with the National Safety Council of India and the International Labor Organization, among others, and every January Larsen & Toubro hold a safety month which reaches thousands of stakeholders including employees, contractors, suppliers, JV partners, and clients. With themes such as ’embrace digital for a safer workplace’, which included installing safety apps, including safety inspection and near-miss apps on smartphones used in the workplace, and employees taking part in virtual reality construction safety training, it is clear that Stephen has his finger on the pulse of all the latest developments and technologies in safety.

“We also focused on third-party training from international bodies in crane management, operations and rigging, and scaffolding inspection and erection, and ran occupational health campaigns on heart attacks, strokes, diabetes and yoga fitness.”

In 2018, Stephen was chosen to be RoSPA’s very first international ambassador award.

“It is an honor to be approached to support such a prestigious global brand in safety,” Stephen says. “In accepting the role as ambassador it gives me an opportunity to give something back to the occupational safety and health industry and support RoSPA in its overall vision, mission and beliefs.”

Stephen intends to encourage more organizations in India, through his networks, to enter the RoSPA Health & Safety Awards and assimilate the entry process into their safety strategies, as Larsen & Toubro has done.

“Having the opportunities as I do to be invited to talk on various boards, at conferences in India and Asia more widely, and to government and industry forums, I can speak to them of the values ​​an organization can gain from simply entering the awards process and understanding how they can improve and eventually be recognized as RoSPA winners.”

If you are interested in becoming part of the RoSPA Awards, visit www.rospa.com/awards and find out more about our internationally recognized award scheme.

3 sizzling tickers on Yahoo Finance that aren’t Alphabet, Microsoft, or Spotify

Lackluster earnings and outlooks from Alphabet, Microsoft, and Spotify late Tuesday have solid clouds over an already nervous inventory market.

Alphabet and Microsoft each signaled a extra watchful eye on bills because the financial slowdown rages on. And Spotify — just like Alphabet — referred to as out economic-related weak point within the promoting market as one purpose for its tepid outcomes.

All three family identify tech shares plunged on the downbeat commentary. They have been additionally essentially the most visited ticker pages on Yahoo Finance as of Wednesday afternoon.

3 sizzling tickers on Yahoo Finance that aren’t Alphabet, Microsoft, or Spotify

American singer Ashlee Simpson poses for photographers to rejoice the launch of her Skechers Marketing campaign on October 25, 2006 in London. (Photograph by MJ Kim/Getty Photos)

However these tech giants aren’t the one ones factoring into investor decision-making on Wednesday.

Listed here are a couple of different sizzling tickers immediately that caught our consideration:

Skechers

Reporting earnings on Wednesday, Skechers missed Wall Avenue revenue estimates, lowered its outlook, and noticed inventories balloon 21% (the most recent retailer to warn of bloated inventories).

Chief Monetary Officer John Vandemore stated within the earnings launch that the corporate faces “a number of macroeconomic headwinds, from overseas change charges to provide chain challenges and ongoing COVID-related lockdowns.”

Skechers inventory fell round 4%.

Visa

The funds firm had a powerful third quarter, echoing what American Categorical CEO Stephen Squeri advised Yahoo Finance about sturdy shopper spending proper now.

Funds quantity at Visa grew 10% within the fiscal fourth quarter whereas processed transactions elevated 12%.

“As we have stated earlier than, we’re not financial forecasters,” the corporate’s Chief Monetary Officer Vasant Prabhu stated. “Clearly, there is a excessive threat of a world recession, however we shouldn’t have a particular perspective on if, when , or the sort of recession we’d have.”

Prabhu added that “for inner planning functions,” Visa is “assuming no recession,” however the firm stays “vigilant” and could have “contingency plans in place ought to now we have an financial or geopolitical shock that impacts our enterprise.”

Visa inventory is up greater than 4%.

Halliburton

Shares of the oil main rose greater than 5% as the corporate benefited vastly from larger costs for crude oil within the third quarter.

Halliburton greater than doubled its earnings within the third quarter from a yr in the past, fueled by sturdy demand for oil-field companies amid larger power costs.

CEO Jeff Miller stated income grew by 6% from the earlier quarter “as exercise and pricing elevated concurrently in North America and Worldwide markets.”

Miller believes that structural demand for extra oil and gasoline provide will proceed to supply sturdy tailwinds for Halliburton’s enterprise.

One space of ​​concern for oil bears to feast on: Income within the Europe and Africa area declined by 11% sequentially, virtually totally due to the exit from Russia.

Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Observe Sozzi on Twitter @BrianSozzi and on LinkedIn.

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Catch it, Kill it, Bin it… Then What? – RoSPA Office Security Weblog

Core messaging in the course of the COVID -19 pandemic has centered on the function every citizen performs in bringing the scenario underneath management. Good hygiene and social distancing have been spoken about extensively and it’s acknowledged that the latter is the first threat management measure.

The function of key staff has additionally been extensively mentioned, resembling the worth of NHS employees and care staff, the function of educators and the speedy transition to house education. And as I sit right here at house serious about the 27million households within the UK on lockdown, and the impression on individuals and their communities, I can hear a well-known sound; that of one other very important entrance line service – the refuse lorry.

As we speak it is the brown bin (backyard waste) then subsequent week the inexperienced bin (basic waste) adopted by the blue bin (combined recyclables). A driver plus two crew, who’re strolling on the beneficial “socially-distanced” measure of two meters aside, loading the bins individually and placing them again on the pavement. No homeowners in proof, so no points about social distancing there both… however then they soar again within the cab.

The Waste Trade Security and Well being (WISH) Discussion board, which works with that trade’s key stakeholders throughout the UK, has lately launched its COVID-19 and Waste Administration Actions pointers. These assist us all determine how we will every make a contribution to lowering the chance to refuse assortment staff, who let’s face it present a significant public well being operate. Simply take into consideration the impression of failing to gather refuse.

For everybody the message “Catch it, Bin it, Kill it” is punchy, nevertheless, if anybody in your family has or is suspected to have COVID-19 signs, refuse staff want you to perform a little bit extra to assist defend them: double-bag your waste, and wait 72 hours earlier than placing it into the bin.

For private and non-private sector organizations concerned in waste assortment, the rules, that are being reviewed weekly, show you how to to handle your small business inside this era of change.

Nevertheless, the WISH pointers current all employers – whether or not concerned within the waste trade or not – an fascinating case research on how one can safely handle those who have to proceed working in proximity to others, regardless of social distancing guidelines.

As a part of our webinar sequence on the worldwide occupational well being and security response to the COVID outbreak, I will be talking to Chris Jones, who led on the event of the rules, and Adam Hinson, the pinnacle of compliance at RoSPA Award winner Acumen Waste, to seek out out what we will all be taught from the waste trade as we attempt to maintain all of our workers protected and wholesome.

The webinar is free to RoSPA members and award winners. See www.rospa.com/Occasions/RoSPA-Webinars for extra particulars.