Inflation concerns and more trouble in Facebook Land had investors moving once again to dump tech stocks. Dow down -323. (Available for non-subscribers after 10am)
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The Evolving Recruitment Game
By Tim Boreham, Editor, The New Criterion
How to invest in recruitment stocks when the machines take over the hiring process
Job seekers routinely are warned that a recruiter will accept or reject an application in a matter of seconds, with a missing keyword or a grammatical error consigning the paperwork to the ‘rejected’ pile.
Attributing a previous employment separation to ‘personality differences’ doesn’t help either – and don’t even think about using emojis in the covering letter.
Given the job wranglers have to sift through thousands of resumes and florid covering letters, the hasty approach is understandable.
Government Regulation And The Stock Market
The companies that live or die with the stroke of a regulatory pen
By Tim Boreham, Editor, The New Criterion
Deep in any corporate vault lies a piece of paper or two that affirms the right of an enterprise to operate, such as articles of incorporation, a banking or broadcasting licence or a mining permit.
Apart from diligent company secretaries, no one else will give the paperwork a second thought. But when this right to operate is threatened, the anxiety level quickly rises.
Nothing exemplifies the dangers more than the stricken
Crown Resorts ((CWN)), which faces a crucial NSW decision on whether it should hold the right to operate Sydney’s second casino. The Independent Liquor and Gaming Authority has deemed the Packer-linked entity to be not suitable, but it’s up to Macquarie Street to decide.