The Official Business Publication of Seton Hall University
The recent collapse of Silicon Valley Bank, one of the top 20 largest American commercial banks, sent shockwaves throughout the banking industry. Trust in the American banking system was shaken across the board, raising questions regarding who was at fault for the collapse. Majority have directed the blame towards two parties: The Federal Reserve, and the executives at SVB.
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Since the invasion of Ukraine, tensions between Russian and Western powers have been steadily building. In an attempt to evade financial restrictions from the West, Russia has turned to its new alternative currency: the Chinese yuan.
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A country who attracted manufacturers for its low wages and technological innovations is set to becoming one of the fastest growing economies in the world. Recent reforms and geopolitical transformations, along with a young population, led to India’s economy surpassing the United Kingdom to become the 5th largest economy in the world.
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Gautam Adani, the chairman of the Adani Group, has been in the headlines recently. Mainly for its proposed Carmichael coal mine in Queensland, Australia, with a 60 million tons per annum yield and a 189-kilometer railway line. This project has faced much opposition from environmental groups and the local communities due to concerns regarding its impact on the Great Barrier Reef, its contribution to global warming, and other issues it could bring to the surrounding communities.
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Netflix’s third quarter earnings release surprisingly surpassed its earnings expectations as it brought in $7.93 billion in revenue versus the $7.85 billion expected revenue. It crushed its net subscriber addition expectations as it brought in 2.41 million when it was only expected to add one million. The positive news caused the stock to rally after hours on October 18th as the stock gained 15%.
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The Bank of England held an intervention in attempt to stabilize the financial market. Newly elected Prime Minister Liz Truss promised to repair Britain’s economy and that her policies would ensure a “high-growth, low-tax economy.”
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September 15th, Ethereum Network completed the long-awaited merge. So what does this actually mean for the cryptocurrency?
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The easiest way to define pay inequality is looking at how much a CEO is paid compared to the amount their employees are paid. The excessive amount that CEOs are paid not only matters because of general inequality, but it affects the entire pay structure within a company. The money that the CEO is being paid comes from the same place that everyone else’s’ pay is coming from as well.
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Seton Hall’s most popular degrees and their statistics along with it. Seton Hall proves to illustrate strong business programs!
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American retail giant Macy’s announced the launch of a digital marketplace along with its Q3 2021 results, a move that analysts have not reached a consensus on.
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