Global market update and executive summary of tech industry news headlines, brought to you Hunter Muller and the editorial team at HMG Strategy.
I am thrilled and delighted to announce the publication next week of my good friend Stephen M.R. Covey’s newest book, Trust and Inspire: How Truly Great Leaders Unleash Greatness in Others. And I am exceptionally proud and honored that Stephen will be the executive keynote speaker at our 2022 New York CIO Summit of America this upcoming Tuesday at Pier 59, Chelsea Piers in New York City.
The U.S. and the European Union have announced a deal “in principle” to govern cross-border data transfers. The emergence of a framework is good news for tech titans such as Meta and Google, which have been hampered by European concerns over data security and surveillance.
The Great Resignation – or what some have come to refer to as ‘The Great Re-Evaluation’ – continues to dominate headlines and create major challenges for technology executives and hiring managers. While U.S.-based employees quit their jobs in record numbers in the second half of 2021, another 23% of employees are expected to seek new jobs in 2022, according to a poll conducted by ResumeBuilder.com.
In stark language, the president urged U.S. businesses to prepare for potential cyberattacks from the Russian Government.
Nishant Bhajaria knows a thing or two about building trustable platforms. Bhajaria, Director of Privacy Engineering, Architecture and Analytics at Uber, leads the engineering team that was responsible for developing privacy tools like the platform that enables Uber riders to view how many Uber drivers liked or disliked them. The team also builds other data protection tooling, which is a key driver for the company’s privacy strategy.
If you’re looking for signs of doom and gloom, so probably won’t be disappointed. For long-term investors, however, even the darkest storm clouds may have silver linings. “The S&P 500 has performed so poorly this year that it is now trading at a scarily low level. That usually presents an attractive opportunity for longer-term investors. The market benchmark, down more than 11% for the year, just hit a ‘death cross.’ That is when the index’s 50-day moving average falls below the 200-day number,” writes Jacob Sonenshine of Barron’s. “Although that makes things in the stock market feel bleak, it is probably a good time for longer-term investors to buy stocks. Historically, the S&P 500 tends to post impressive gains in the 12-month period following an initial close in a death cross.”
Rising oil prices, coupled with inflation and supply-chain problems, have proven too much for many of the technology stocks that have buoyed financial markets and supported a lingering sense of optimism in the face of deepening global challenges.
Global financial markets continued sliding downward as the war in Ukraine deepened and Russian convoys headed for Kyiv, the capital city.
Whenever a new form of technology debuts, there’s a usually period of intense competition for dominance among rival players. Eventually, the rivals find common ground and some kind of standard emerges.
Today’s technology executive plays a pivotal role in helping his or her organization respond to these forces of change. In essence, they serve as conductors to orchestrate the three pillars of organizational success – people, processes, and technology – and to draw upon their unique view of the enterprise to bring these elements into harmony.
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