Warrington in the News Articles: page 1

IPO expert and Cordell Eminent Scholar Jay Ritter joins Yahoo Finance Live to discuss the SPAC deal for the Peter Thiel-backed company Rumble, which has started trading on the stock exchange, and also weighs in on the Porsche and Instacart IPOs.

According to Cordell Eminent Scholar Jay Ritter, Apple investors should not to worry because the sheer dollar amount of shares sold short is “pretty meaningless.” He added that he is not currently short Apple but is short Tesla.

Corebridge, the life and asset management business of insurance group AIG, went public this week with the help of 43 different banks, the second-highest number of managing underwriters for a US listing on record, according to data collected by the Cordell Eminent Scholar Jay Ritter.

The federal government is on a path to waste over $30 billion of the $65 billion it plans to spend over the next few years to expand broadband services throughout the nation. Public Utility Research Center Director and Gunter Professor Mark Jamison writes about what steps Florida can take to keep that waste from happening by assuming a leadership role among states determined that their citizens should receive all the broadband that they pay for.

The SPAC boom is officially a thing of the past.

“I think that was a once-in-a-lifetime experience just like during the internet bubble,” said Cordell Eminent Scholar Jay Ritter. “A year ago, the whole market was overpaying and now we have a reset. Giving a valuation of $500 million on a zero revenue company … those days are gone.”

Sometimes, says Cordell Eminent Scholar Jay Ritter, rather than cutting back on big purchases during periods of high inflation, we actually end up spending more. In a way, he says, we’re trying to “lock in” prices now on these long-desired items.

Policymakers are trying to facilitate the expansion of electric vehicles as part of efforts to nudge the public towards cleaner energy. The Inflation Reduction Act, signed into law by U.S. President Joe Biden earlier this month, is one of those efforts. The law encourages the use of electric vehicles by extending a $7,500 tax credit for buying a new EV and automakers are jumping on the opportunity to boost their models.

Director of Energy Studies Ted Kury shares insights for this segment on the impact of the Act in EV markets as well as the environment.

While diminishing these U.S. companies and making them and their customers more vulnerable to foreign manipulation, the legislation would likely leave state-affected Chinese and Russian technology platforms untouched, argues Mark Jamison, Public Utility Research Center Director and Gunter Professor.

AMC outlined plans this month to issue a special dividend, sending its shares soaring and stoking enthusiasm among the company’s passionate base of individual investors. Cordell Eminent Scholar Jay Ritter shares his expert opinion on AMC’s plan.

U.S. Gross Domestic Product (GDP) shrank for the second quarter in a row marking the beginning of a recession, however, Assistant Professor Gustavo Cortes explains the economic situation is mixed.

“We have good news, we have bad news, all at the same time,” said Cortes, who has a doctorate in economics. “The bad news for example… the GDP numbers were released. We had another decline this time close to one percentage point. At the same time, you also have good news on the labor market side.”