Warrington in the News Articles: page 24

Director of Energy Studies Ted Kury explains how critical it is to make electric grids more resilient before the next big storm.

“A key consideration with a complicated system like the electricity grid is understanding the rights and responsibilities of all stakeholders — from service providers and customers to the government,” Kury writes.

The tech firm wants to bring mainstream investors—and their advisors—into the IPO process, territory once reserved for favored clients, insiders and underwriters. But to take on Wall Street’s reliable revenue generator, many moving pieces will have to fall into place.

“Lots of people have complained for decades about how inefficient the process is for pricing and allocation in IPOs,” said Jay Ritter, Cordell Eminent Scholar, and a longtime researcher in the area of IPOs.

California has been generating the most initial public offerings of any US state every year since 2003. That streak could end this year unless the Golden State picks up the pace.

California’s change of fortune is explained largely by the drop in valuations among Silicon Valley’s tech startups, said Jay Ritter, Cordell Eminent Scholar. “It is almost entirely just a reset of valuations,” he said.

Money managers who oversaw blank-check companies kept making profits even in the face of significant losses to stock investors.

“There is no question that the sponsors had great returns at the same time that public market investors had very negative returns,” said Cordell Eminent Scholar Jay Ritter, who wrote a new paper, along with Minmo Gahng at the University of Florida and Donghang Zhang at the University of South Carolina, which found that stock-market investors in SPACs that merged with private companies since 2015 lost an average 37% of their investment a year after the merger through the end of September. At the same time, SPAC managers, known as sponsors, turned an average investment of about $8 million into about $54 million, giving them average annualized returns of 110% on their initial investment in the SPACs.

While U.S. Labor Secretary Marty Walsh says it’s “hard to say” if there will be an impact on the unemployment rate in the coming months, Clinical Professor and Richardson Fellow Brian Gendreau shares that while short-term impacts can be devastating to impacted areas, in the long term, there’s typically an increase in construction activity, which can spur employment.

If any electrical grid could ever be hurricane-proof, it would probably be here in the Sunshine State. Director of Energy Studies Ted Kury shares his insights on how the Florida electric grid was made more resilient in previous years thanks to investment from the state’s utility companies.

Here & Now‘s Anthony Brooks speaks with Public Utility Research Center Director of Energy Studies Ted Kury about how, after a spate of storms in 2004 and 2005, Florida utilities learned to work together to make the electric grid more resilient, and what work can be done to avoid power failures next time there’s a big storm.

The Los Angeles Times consulted two dozen researchers, financial planners and counselors, including Associate Dean for Research and Director of the Human Resource Research Center Mo Wang, about how to tell when you’re ready for retirement.

From the best of times, to the worst of times: The market for initial public offerings has fallen off a cliff in 2022. Investors faced with high inflation and rising interest rates have ditched high-flying growth stocks and turned to safer, more profitable alternatives. Cordell Eminent Scholar Jay Ritter shares his insights on how the IPO market went from boom to bust in 2022, and whether he expects a rebound in 2023.

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.