Warrington in the News Articles: page 25

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.

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.”

In this episode of Forecasting Impact, Clinical Professor and Director of the Business Analytics and AI Center Jim Hoover shares some of his experiences in the U.S. Navy where he worked in several decision-making roles and used forecasting/operation research tools for over two decades.

Hoover emphasizes the importance of open source software development and calls for academic cooperation on building an open access platform for sharing the best forecasting practices with industry practitioners and SMEs. He also shares his thoughts on bridging the gaps between industry and academia.

As an IPO during the go-go year of 2020 for SPACs, Ackman’s Pershing Square Tontine Holdings ran up against a two-year deal deadline facing many SPACs. Blank check companies, or SPACs, typically have 24-months to buy a company or they must return the money they raised to shareholders.

As of July 20, there were 590 SPACs still looking for a merger partner, according to Cordell Eminent Scholar Jay Ritter.