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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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Blockchain is ‘a completely different animal’ in personal finance

While blockchain is just seen as a ledger to record crypto payments, it can, in fact, be used for any type of financial transaction, Algorand Foundation CEO Staci Warden told Yahoo Finance Live (video above).

Warden explained that blockchain can streamline international financial transactions much faster than traditional banking systems because there is no bank acting as a middleman.

“A blockchain is a completely different animal. It’s one ledger. If somebody in Brazil wants to send somebody in France $10, it has to travel through the correspondent banking system of the US [and] clear at the Fed. Somebody takes between 6% and 8% off the top, and it might get there four days later. So that transaction between, say Brazil and France, will happen immediately on Algorand,” Warden said.

Businessman using a computer to Blockchain technology concept with a chain of encrypted blocks to secure cryptocurrencies and bitcoin for online payments and money transaction

(Photo Credit: Getty Creative)

It’s all about speed, Warden added. “We are doing about 6,000 transactions per second, moving to 10,000 transactions per second this year. It’ll happen in 3.9 seconds on Algorand,” Warden said.

While crypto companies are under investigation for fraud, Warden touted the transparency of being easily able to trace transactions through the blockchain.

“Transactions are entered, and then they are immutable. It’s about integrity. And so that you know when something is entered, nobody else can mess around with it,” Warden said.

Warden told Yahoo Finance Live that financial transactions can be hacker-proof because the blockchain is decentralized and the information is not just stored on one computer.

“If it’s one ledger, you can’t have one entity control that ledger. It has to be decentralized because if one, you know, the computer gets attacked, it has to be able to live in a healthy manner on all of the other computers,” Warden said.

Ella Vincent is the personal finance reporter for Yahoo Finance. Follow her on Twitter @bookgirlchicago

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Euthanasia Soon to Be A Leading Cause of Death in Canada?

February 7, 2023 · 7:00 AM

From DailyMail:

Last year, more than 10,000 people in Canada – surprisingly that’s over three percent of all deaths there – ended their lives via euthanasia, an increase of a third in the previous year. And it’s likely to keep rising: next year, Canada is set to allow people to die exclusively for mental health reasons.

Only last week, a jaw-dropping story emerged of how, five years into an infuriating battle to obtain a stairlift for her home, Canadian army veteran and Paralympian Christine Gauthier was offered an extraordinary alternative.

A Canadian official told her in 2019 that if her life was so difficult and she was so ‘desperate’, the government would help her to kill herself. ‘I have a letter saying that if you’re so desperate, madam, we can offer you MAiD, medical assistance in dying,’ the paraplegic ex-army corporal testified to Canadian MP


God gave me life. It’s up to God, not me, when it’s over. Over 40 years of practicing medicine, I’ve never had a patient ask me to “put them down,” as we would have cherished a pet that was suffering during impending death.

Steve Parker, M.D

front cover of Conquer Diabetes and Prediabetes

Coconut Orange Breakfast Bars – JennifersKitchen

Gluten-Free, Sugar-Free, Oil-Free Coconut Breakfast Bars

One thing I do not do:

Spend more than 10 minutes in the morning preparing breakfast. When it’s breakfast time, I want to eat – not measure, stir, cook, chop, or bake.

That means that make-ahead breakfasts are a regular part of my meals. Preparing breakfast ahead of time means that either my crockpot or my freezer always has something delicious waiting for me in the morning.

Like these Coconut Orange Breakfast Bars.

Naturally sweet, these Coconut Orange Breakfast Bars are packed with both flavor and nutrition. And they’re freezer-friendly, so you can have a stash in the freezer for whenever you need a quick breakfast (which, for me, is every morning).

Gluten-Free, Sugar-Free, Oil-Free Coconut Breakfast Bars

Why You’ll Love These Coconut Orange Breakfast Bars

These delicious Coconut Orange Breakfast Bars are:

Made with healthy and wholesome ingredients

These Coconut Orange Breakfast Bars are made with healthy and wholesome ingredients like oats, coconut, flax and chia.

Sugar free

These breakfast bars are naturally sweetened with dates, orange juice, date sugar (see about date sugar below).

Oil-free

The consumption of oil is associated with a number of diseases. These breakfast bars are made from wholesome ingredients and healthy fats

Refined flour free

With no refined flours, these bars are super nutritious.

Quick and easy to prepare

They take only 12 minutes of your time.

An easy, make-ahead breakfast

Make a double batch of these and keep them in your freezer for an easy breakfast anytime.

Wonderful textures

What I love most about these bars is the texture. Slightly chewy, yet soft, and still hearty enough to satisfy.

Gluten free

Make them with gluten-free oats, and these bars are a great gluten-free breakfast option.

Gluten-Free, Sugar-Free, Oil-Free Coconut Breakfast Bars

About Date Sugar

What is date sugar?

Date sugar is a whole food that is made from dried dates that have been thoroughly ground. It has not been refined like other sugars which means it still contains all of the fiber and disease-fighting antioxidants of the whole date.

Date sugar is a perfect whole-food sweetener for use in baked goods or hot cereals.

More Healthy Breakfast Recipes

Coconut Orange Breakfast Bars

Gluten-Free, Sugar-Free, Oil-Free Coconut Breakfast Bars
Gluten-Free, Sugar-Free, Oil-Free Coconut Breakfast Bars

Coconut Orange Breakfast Bars

Enjoy these delicious, whole-grain breakfast bars as part of a healthy breakfast.

Prep Time 12 min

Cook Time 30 min

All recipes on jenniferskitchen.com are the property of jennifer’s kitchen and cannot be republished without written permission.

  • Preheat the oven to 350°F. Line an 8×8” baking pan with parchment paper.

  • In a small pan, combine the orange juice concentrate and chia seeds. Cook until hot. Remove from heat and stir in flax meal until no lumps remain.

  • Stir in cashew (or macadamia or coconut butter), apple sauce, and vanilla. Set aside.

  • Meanwhile, in a medium bowl mix together the oats, date sugar, salt, shredded coconut and chopped dates.

  • Pour the flax mixture into the oat mixture and stir well. The mixture will be somewhat dry.

  • Press mixture into prepared baking pan and flatten out the surface.

  • Bake for 30 to 32 minutes, or until edges are nicely browned.

  • Cut into squares while warm.

Make Ahead Instructions: These breakfast bars are freezer friendly. Just wrap the cut bars in parchment paper or plastic wrap and then place in a Ziploc bag and freeze for up to 3 months.

>> One quick request: if you like this recipe, please leave a rating and a comment. Ratings help more people find these healthy recipes!

PrintRecipe

Keywords: gluten-free, oil-free, sugar-free, vegan

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Before you go . . .

No calorie counting. No portion sizes.

The Blue Monday Myth – RoSPA Workplace Safety Blog

‘Blue Monday’ may not be supported by hard evidence, but depression and other mental health issues are a real concern in the workplace.

Before 2005 no-one talked about Blue Monday.

The reason for this is because the idea that the third Monday in the month of January, later dubbed ‘Blue Monday’, was invented in a press release 15 years ago. The method used to develop the concept has since come under a lot of scrutiny, but despite this, a lot of people do suffer with their mental health during the winter.

According to research conducted by pollster YouGov, as many as 29 per cent of UK adults may suffer from Seasonal Affective Disorder (SAD). SAD is characterized by persistent low mood, irritability, and feeling sleepy during the day.


Managing mental health in the workplace

Although feelings of despondency and symptoms of depression can peak in the winter months, it is important to remember that mental health issues can have a real impact on workplaces all year round.

Last year, the Health and Safety Executive reported that at any one time, a third of workers in the UK suffer from depression, stress and anxiety. In 2017/18 this led to 15.4million lost working days.

As well as a loss of productivity, employees who are suffering from mental health issues such as depression or stress may be at a higher risk of being involved in an accident. For some time now, RoSPA, has recognized that supporting people with mental health issues at work is a key challenge for health and safety managers. In 2016 RoSPA published a policy position on this subject.

You can look out for your employees or colleagues by learning to spot the signs of common mental health disorders such as stress or depression:

  • Loss of self-confidence and self-esteem
  • Sadness that doesn’t go away
  • Tiredness/loss of energy
  • Difficulty concentrating
  • anxiety
  • Feelings of hopelessness
  • Avoiding other people, even close friends or family
  • Sleep problems
  • Feelings of guilt or worthlessness
  • Loss of appetite
  • Self-harm
  • Suicidal thoughts.

Mental health charity MIND has further advice on how to spot mental health issues at work.

In addition to learning to spot the signs that someone may be suffering, it is important to put in place practices that will help develop a supportive workplace culture:

Risk Assessments

In consultation with safety representatives, risk assessments should be reviewed in such cases to determine whether additional measures are necessary to cope with any potential safety performance impairments due to stress (whether occupational or non-occupational in origin).

Training

Training programs for managers and safety representatives on how to deal with stress should not only address the identification, assessment and management of occupational stress and stressors, but how to tackle the safety impact of non-occupational stress on key staff.

support

Staff experiencing stress need re-assurance that any adjustments to their work for safety reasons will not lead to unfair discrimination. Similarly, organizations need to have arrangements in place to counsel support, and rehabilitate staff who have suffered mental trauma as a result of accidental involvement, whether as a casualty or a witness.

For more advice about managing mental health in the workplace please visit the RoSPA website: www.rospa.com/Occupational-Safety/Advice/Health/Stress

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