All posts by James Cannon

About James Cannon

James Cannon is an experienced hedge fund analyst. He has served on the advisory boards for various different Fortune 500 companies as well as serving as an adjunct professor of finance. James Cannon has written for a variety of Financial Magazines both on and off line. Contact James at james[at]businessdistrict.com

Harley-Davidson Considering Entrance into e-Scooter Market

LiveWire: H-D’s Flagship Electric Motorcycle

Some recent moves made my Harley-Davidson points in the direction of the company’s embrace of electric vehicles of the two-wheel variety. LiveWire and some other concepts indicate the iconic motorcycle company wants a piece of where the future lies in electric transportation.


Included in the future is the growing consumer appetite for renting their transportation rather than owning. H-D vice-president of product portfolio, Marc McAllister spoke on CNN business about the e-bike rental platform. McAllister said that the fast-growing e-bike platform is more of a commodity market place and H-D is exploring how it could offer its brand to customers in this type of platform.


The thought of Harley-Davidson, so well-known as the bike of choice for serious bikers, is considering a life in the world of cute little electric scooters, is a bit mind-bending. But the company has faced enormous pressure over the past few years in what has become a frighteningly competitive market for big bikes.


So, it’s not so surprising that the company has plans to introduce a naked motorcycle, an adventure tourer, and even a small-cap bike for consumers in places like India.
The company is now working on launching a full-electric ecosystem for its LiveWire. It is likely that entrance into the e-scooter space will bring more riders to the bond with Harley.

Companies Backtracking on Trump Love

Trade is a big issue today as it was throughout history.

The joy experienced by global and US business after US President Donald Trump’s 2017 corporate tax break has turned into fear due to his isolationist trade policies, at least according to Fidelity International analysts.


The new study shows that “almost half of all analysts globally say Trump’s policies will be a drag on their sector.” Compare this sentiment to just last year when the same Fidelity analysts reported broad optimism about US leadership and policies.


This year Fidelity says that “most significant is the shift among analysts covering North American companies, whose watchful optimism has entirely evaporated.”


Fidelity’s research is based on 16,000 interviews with chief executives and chief financial officers conducted by Fidelity International, the non-US affiliate of Fidelity Investments. Each year they ask 165 analysts what companies in the sector they cover are expecting for the up and coming year.


Most significant was the doubt Fidelity’s analysts had about Trump’s trade policies. Forty-five percent said the policies would be a burden on business, up from thirteen percent last year. Seventy percent of its China analysts predict that companies’ return on investment will go down in 2019. Only twenty-nine percent thought the same last year.


Global chief of research for fixed income for Fidelity said that “as expected, the impact of trade wars is a key issue amongst our analysts, which has brought a lot of uncertainty into the system.”

Becoming a Leader: Tools and Tips

Becoming a leader in today’s world – irrespective of what industry – can be extremely challenging and competitive.  Having a mentor help navigate the system and share their experiences is a very positive way of getting started. 

This is especially true for women.  While there are mentorship programs available, often it is best conducted through an informal arrangement.  This was one of the messages given at last year’s Women Leaders in Global Health Conference, London.  According to Dr. Joanne Liu, International President at Médecins Sans Frontières:

“For me, a mentor is someone who believes in you when you don’t believe enough in yourself.  [She also said that age is not a factor..taking advice from those who are] 20 or 25 years younger [than herself, which is why she] believe[s] in the wisdom of youth.”

Another success female medical leader is Chair of the Department of Radiology at the Memorial-Sloan Kettering Cancer Center, Professor Hedvig Hricak.  At the recent European Society of Radiology Congress (February 28-March 1, 2019), she organized a program entitled ‘Women in Focus.’  These sessions were for both women and men on what it takes to become a leader. 

Hricak explained:

“Many people aspire to be leaders and sometimes really don’t know which way to go and how to take that path.  So it really starts with leadership but it has a combination of academia, administration, as well as industry and government and then the second one is about understanding people, listening, and understanding differences.  This part looks at the generation of differences and respecting everyone’s opinion and understanding where other people are coming from.  There’s also a session which is mostly for women on women in challenging environments.  So often we take for granted what we have and we have to be reminded – just like ECR has celebrated Africa or Pakistan – that so many luxuries that we take for granted are not really available to all over the world. And lastly we all need mentors.  Children, parents, teachers, you always have mentors and then you start working and suddenly you’re on your own.  The last one is dedicated to mentorship.”

In an article in Business2Community, Larry Kim gave his opinion on what qualities make a leader.  He touched on 7 qualities people have that they may not even know they have which are crucial to great leadership.  These are: empathy, optimism, forgiveness, altruism, eloquence, discernment and modesty.  These attributes are not traditionally associated with leaders but in Kim’s experience they can be very useful for those who want to lead and mentor others.

There are many  different routes to becoming a great leader in one’s industry but it seems they all have one common denominator: staying open to new ideas, to advice and to change.

US News’ Most Powerful Countries List Released

Every year the US News and World Reports ranks the world’s most powerful countries. The study assesses the political and economic influences and alliances, plus the military strength it wields and the quality of its international leadership.
The ranking was done together with the University of Pennsylvania, which questioned over 20,000 people about 80 countries and the global role they play. The result was “2019 Best Countries.”
We will just give you a brief summary of the top ten.

  1. South Korea: In 2018 this successful Asian country was ranked 11th last year. It is the world’s seventh largest exporter, and 11th largest economy.
  2. Saudi Arabia: Described as “the giant of the Middle East” by US News, this country has huge oil reserves which it sells across the globe. The country’s reputation was severely tarnished by ongoing human rights issues, and especially the murder of Saudi journalist Jamal Khashoggi last year.
  3. Israel: US News says: “For its relatively small size, the country has played a large role in global affairs.”
  4. Japan: With the world’s third largest economy, this Asian powerhouse nation is “one of the world’s most literate and technically advanced nations.”
  5. France: One of the oldest countries in the world, US News says that France’s reach “extends around the globe through science, politics, economics and perhaps above all, culture.”
  6. United Kingdom: Struggling now with Brexit, nevertheless US News notes that the UK “exerts considerable international economic, political, scientific and cultural influence” on the world despite “new questions and anxieties about the country’s role on the global stage.”
  7. Germany: With the most people of all the EU countries, Germany also has a highly skilled labor force.
  8. China: This Asian powerhouse nation is the world’s most populated, and it wields the second biggest economy. Unfortunately, millions still live under the poverty line, but the country has seen fast economic growth which has the potential to continue.
  9. Russia: The world’s largest country in square miles, Russia stretches from Europe to Asia and borders over a dozen different countries. It power is invested in its legacy from the Soviet Union, huge coal and oil reserves, and a great emphasis on military strength.
  10. USA: Described by US News as the “world’s most dominant economic and military power.” This western power has exerted its influence culturally through the popularity of its books, films, music and television shows. However, the report also pointed out that some policy decisions made by the current president “have raised questions around the world, including from the country’s closest allies, about the nation’s future course on the global stage.”

Huawei Introduces 5G Folding Phone

Huawei Technology in Shenzhen, China

Called the Mate X, Huawei unveiled its latest addition to the innovative cell-phone market place, further challenging market leaders Samsung of Korea and Apple of the USA. China’s powerhouse tech company introduced its phone immediately before the beginning of the four-day Mobile World Conference 2019, in Barcelona.


The phone is compatible with superfast, next-generation 5G networks, expected to replace older and slower networks over the next few years. The phone also folds in half, an innovation that the industry is hoping will get phones out of the current creativity slump. Others believe the market for folding phones is limited, at least in the near future.
The Mate X is Huawei’s solution to the problem of bigger screens and longer battery life. Richard Yu, head of the company’s consumer business group asked at a fancy media launch party,


“How can we bring bigger innovation to this smartphone industry?”


The phone won’t be available for purchase for another few months and will cost about 2,299 Euros ($2600.) Samsung’s Galaxy Fold sells for almost $2000.


Users of the Mate X can still view it even when its closed, as the phone’s screen wraps around the outside. The Galaxy Fold’s screen closes shut and cannot be viewed unless its open. When open the Mate X is 8 inches on the diagonal, about the same size as a smaller tablet.


Huawei developers took three years just on the phone’s hinge, which does not leave a space when the phone is closed.


“No matter how innovative and technology-advanced the new device is, it will take a lot more time for a critical mass of consumers to experience the benefits of foldable phones and 5G technology,” one analyst said. Huawei still “has to find its own brand voice to differentiate from Samsung and Apple and stop acting as a technology challenger,” he added.