Netflix stock plummeted about 16 percent earlier this week upon word of a second-quarter shortfall of about 800,000 new subscribers internationally. The developments followed a monthly rate increase from $7.99 to $9.99, initially for new customers and now for all renewing subscribers. Despite the growing pains, Smith School professor P.K. Kannan projects a bright future for the streaming content industry.
Told big bank failure would trigger a flood of bankruptcies and economic calamity, U.S. taxpayers collectively paid billions of dollars to bail out large institutions from the 2008 financial crisis. Despite passing Dodd-Frank legislation to mitigate a future bailout, Congress is on the verge of amending the U.S. bankruptcy code to make bankruptcy feasible for larger banks — more so than when Lehman Brothers’s 2008 bankruptcy
In this edition, Margarita Douglas, MBA Candidate 2017, lets us in on what it's like to work as a sales strategy intern at PepsiCo in White Plains, NY.
Stock prices are setting new records but could easily charge much higher, says Smith School economist Peter Morici. “The U.S. economy is growing again — about 2.5 percent in the second quarter and going forward — and corporate profits are rising again.” Post-Brexit, the dollar strengthened against foreign currencies, “but overall it remains well below levels recorded earlier this year and last,”
Starting July 6, the clock tower outside Van Munching Hall transformed into a Pokémon Go landmark — great news for Smith School players who have downloaded the gaming app that lets them use their phones to find magical creatures in the real world. By the time most people heard about the craze sometime this week, short-term traders around the world already had absorbed the information and responded.