Bad Blood is the story of the rise-and-fall of Theranos, a Silicon Valley startup that was set on revolutionizing healthcare. As a case study, the book should become required reading in every business-school entrepreneur program. Theranos’ founder, Elizabeth Holmes, dropped out of Stanford to commercialize a portable blood-testing unit. Instead, she was indicted on fraud […]
Authorities in Hong Kong are seeing new twists on securities fraud. In the latest wave of “pump and dump” schemes involving micro-cap stocks, fraudsters appear to be targeting investors in distant jurisdictions, such as Singapore and Macau. These stock-price manipulators are commonly abetted by WhatsApp and even lace their pitch with faux romance. According to […]
Cranganore Inc announces the launch of new investment fund for offshore investors. The Plotinus 2 Pi Fund, sponsored by Plotinus Asset Management, uses artificial intelligence to manage an overlay on a broad index of US stocks. The product is designed for qualified institutions only. “Index investing is the dominant approach to the US stock market […]
Tehran’s ability to project its stature across the Middle East has been severely curtailed in recent months because of the economic collapse at home. Most analysts expected to see a newly-assertive Iran in the wake of the US assassination of General Soleimani last December. If anything, the opposite has happened as Iranian authorities focus on […]
Florida is an epicenter of outbound remittances for the Caribbean Basin, large portions of which have now evaporated because of the collapse in the state economy. A challenge is the scope and reach of the informal sector. Undocumented workers are not eligible for state unemployment benefits or federal stimulus checks. As a result, relatives at […]
Those searching for a realistic assessment of the global economy may need to look no farther than Seattle-based Boeing. Predictably, the aerospace giant did not see a single order for new aircraft in March or April. But the real news may be in the company’s long-term outlook. In announcing restructuring last month, CEO Dave Calhoun […]
Japanese companies have spent years outsourcing components of their supply chain to China. Among other points, the approach was a sensible way to lower operating costs in a deflationary environment. But, in effect, Japan created a single point-of-failure for its manufacturers. Covid-19 has exposed that weakness, forcing government and industry leaders alike to examine vulnerabilities. […]
According to the Hellenic Chamber of Hotels in Greece, some 65% of hotels in the country are on the verge of bankruptcy. The outlook is equally dire in other tourist-heavy economies across Europe. EU officials are scurrying behind-the scenes to salvage what they can of the summer tourist season.
A case can be made that the dearth of activity by US hotel companies in Cuba is opening doors for other, non-US organizations. Spain-based Melia, for instance, now operates some 30 properties across the island; they may be looking to expand. But the real question is why any hotelier, regardless of their home flag, would […]
Cuba may seem like an international sideshow, but that view is one of ignorance, rather than wisdom. Americans, in particular, have long miscalculated the wherewithal of the Cuban regime. Consider one simple fact: The nation has managed to survive deftly in the face of stringent US sanctions. This book adds much needed complexion to the […]
Cranganore offers uncommon views on worldwide investment trends. Graze Today is distributed by email across six continents to executives and entrepreneurs. Our outlook reaches past Wall Street drivel.
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