Warrington in the News Articles: page 16

Associate Dean and Lanzillotti-McKethan Eminent Scholar Mo Wang shares his insights on how companies with aging CEOs are impacted, like Aflac’s Dan Amos, who is now the fifth-longest-serving CEO of any Fortune 500 company.

On the financial front, the news has appeared dire for former president Donald Trump this year. Within a span of just a month, two judges in two separate cases ordered him to pay about $540 million in total. What’s gotten far less attention, though, is this: A frenetic rally in a stock tied to Trump Media & Technology Group — which operates the Truth Social platform he posts on daily — has minted a nearly $4 billion windfall for him. Cordell Eminent Scholar Jay Ritter shares his insight for this story.

The former president’s stake in the post-merger company would be valued, at today’s share price, at nearly $4 billion. Cordell Eminent Scholar Jay Ritter shares his insights.

First-of-its-kind research from PricewaterhouseCoopers Professor Liangfei Qiu, John H. and Mary Lou Dasburg Chair Mahendrarajah Nimalendran and Robert B. Carter Professor Praveen Pathak on cryptocurrency finds that the most regulated coins create the most efficient markets.

Cordell Eminent Scholar Jay Ritter shares his expertise for this story about a Russian-American businessman based in Miami suspected of making nearly $23 million from alleged insider trading involving former President Donald Trump’s media company, according to federal court records.

New research from PricewaterhouseCoopers Professor Liangfei Qiu and Robert B. Carter Professor Praveen Pathak highlights that despite the fears of regulators and skittish investors, clear and accurate signals of cryptocurrency quality may be hidden in plain sight. Forthcoming in Journal of Management Information Systems, the recent paper is the first to examine whether the intensity of developer engagement with a cryptocurrency could indeed be related to its quality.

It’s not uncommon for managers to continue thinking about their job, even after the official workday is over. But new research from Martin L. Schaffel Professor Klodiana Lanaj and alumna Remy Jennings (Ph.D. ’22) shows that this tendency may not be beneficial, particularly for people new to a leadership role.

David F. Miller Retail Center Executive Director and Clinical Professor Joel Davis comments on the possible economic reasons why Costco hasn’t opened a location in Gainesville.

Cordell Eminent Scholar Jay Ritter lends his SPAC insights to this story about LifeWallet, the health-insurance claims company founded by lawyer John H. Ruiz, a top financial booster of University of Miami athletics, which faces another legal challenge after Miami healthcare provider Cano Health filed a lawsuit last week saying that Ruiz’s company owes it nearly $67 million. While their stocks traded for 45 cents and 12 cents per share, respectively, at market close on Tuesday, Cano and LifeWallet were among the highest-profile Florida companies in recent years to go public through mergers with special purpose acquisition companies (SPAC).

Assistant Professor Alejandro Lopez-Lira and Emerson-Merrill Lynch Associate Professor Yuehua Tang find that large language models may be useful when forecasting stock prices. They used ChatGPT to parse news headlines for whether they’re good or bad for a stock, and found that ChatGPT’s ability to predict the direction of the next day’s returns were much better than random.