Weekly Digest - November 25, 2022

Nov 25, 2022

Welcome back to our Weekly Digest. Read on for the latest updates.

Bob Iger returns to steer Disney through tough economic times

The former CEO has agreed to serve another two years for the company effective immediately. Disney highlighted a fivefold market value increase under his leadership, adding that he had a “mandate from the board to set the strategic direction for renewed growth.”


Goldman Sachs says bear market will last well into 2023

Goldman Sachs strategists anticipate that the recent stock market rally will soon come to an end, saying that the conditions for an equity trough have not yet been reached.


Coinbase and Bitcoin slide

Following the spectacular fallout of FTX earlier this month, various cryptocurrencies are losing value across the board.


Tech layoffs aren’t a sign of things to come for all industries

Analysts at Morgan Stanley say they are doubtful that the mass layoffs in the tech sector this month are a harbinger of change for the wider labor market.


What’s going on with the student loan forgiveness program?

A number of lawsuits have been filed against the student loan forgiveness program, leaving borrowers in limbo while they wait for them to move through the courts.


Money tips for millennials to make themselves recession proof

Insider rounded up four things millennials with full-time jobs should do during these tough economic times. Learn what they are here.


Security summit to protect against identity theft

The IRS and state tax agencies announced a special week to focus on empowering taxpayers to protect sensitive financial information against identity thieves as the holidays and the 2023 tax season get closer. Details can be found here.

 

Sense of humor or trademark infringement?

The Supreme Court will hear a dispute between Jack Daniel’s and dog toy manufacturer Bad Spaniels. The latter is producing a squeaky, plastic dog toy that bears a striking resemblance to the iconic whiskey brand.