Warrington in the News Articles: page 2

Australia’s finance industry is beset by a raft of compliance lapses — from data reporting breaches to trader misbehavior. Heat on the nation’s largest banks harks back to a period when a yearlong inquiry into misconduct revealed rampant wrongdoing in 2019. Financial penalties for corporate misconduct tend to be lower in Australia compared to the US and some European countries. Jay Ritter comments.

Mobile-app stock and digital-currency company eToro is set to go public Wednesday after a huge rally in stocks. Jay Ritter, who specializes in IPOs, said other deals are likely if the eToro IPO generates a solid gain in its debut later this week.

DraftKings, the company that sparked the sports SPAC craze in 2020, still stands as the best of the blank-check sports deals. Whether you consider SPACs part of the meme stock madness of the pandemic or just another cyclical market mania, DraftKings’ success nevertheless helped the sector boom: During 2020 and 2021, some 466 SPACs held IPOs, according to data from the University of Florida’s Jay Ritter, who tracks IPOs.

Research from Fisher School of Accounting Assistant Professors Michael Ricci and Dan Rimkus shows that despite young auditors adeptly identifying uncooperative clients as suspicious, they struggle to confront them for more information.

Jay Ritter comments on this story about Warren Buffett’s legacy. The Berkshire Hathaway CEO announced that he would be stepping down at the end of the year in favor of his long-designated successor, Greg Abel.

Trump Media & Technology Group (TMTG) has been on a tear in recent weeks, as the president’s company has begun touting increasing fundamental strengths beyond its association with the president. The stock closed at $26.14 on Friday, up 57 percent from this month’s low of $16.66 on April 8. Jay Ritter told Newsweek that TMTG’s recent rise was due to the “pivot into financial services,” which has been in the works since the end of January.

Nomura Holdings Inc. is telling clients to stay invested through the turmoil that’s pervaded financial markets during the escalating trade tensions. With its $1.8 billion acquisition of an asset management business, the Japanese brokerage is putting its money where its mouth is. Jay Ritter shares his insights.

President Donald Trump’s tariff war has hammered stocks and bonds, and shuttered the traditional IPO market. Yet even with risk appetite on hold, the area that could benefit most from the rampant volatility is among the most speculative: The SPAC market. Jay Ritter comments.

The slow collapse of John Ruiz’s insurance claims company appears to be nearing its end. MSP Recovery, helmed by the brash attorney and University of Miami athletics booster, admitted that it has “substantial doubt” about its ability to continue to operate beyond the next year, according to its 2024 annual report filed this week with the Securities and Exchange Commission. Jay Ritter comments.

Combining sports prowess with business acumen, student-athletes at the University of Florida are maximizing their earning potential with master’s degrees in business.

Specializing in everything from finance to management to entrepreneurship in the Warrington College of Business, students like Paige Clausen, Bennett Andersen, and Alberto and Alfonso Mestre are learning how to build their own brands as they progress in their athletic careers.