Macy’s Teases Digital Marketplace
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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Finance
Alumni Women in Business
On November 4th, 2021, the Seton Hall Alumni Association held the “Stillman Virtual Panel Series: Women in Business” with three SHU alumni. Dean Strawser moderated and lead the event and it was a spectacular evening.
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Finance Networking Forum 2021
On October 13, 2021, the Stillman Business School held their 11th annual Finance Networking Forum. Mark D Schild, Elven T Riley, and Bob Franco all greeted our leaders as they return.
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Stillman Mentorship Program: Financial Literacy Event
On October 18, 2021, the Stillman Mentorship Program held an amazing event about financial literacy. With the appearance of Dean Schild and Dr. Itzkowitz as panelist, students were able to grasp an understanding of how crucially important it is to be financially literate.
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WeWork Finally Makes Market Debut
A familiar name began trading on the public market recently. WeWork, the estranged commercial office space developer, began trading on October 21 and has jumped nearly 30%.
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Morgan Stanley Reveals Archegos Loss as Profits Soar to Record-Breaking Highs
Despite a nearly one-billion-dollar loss from the Archegos scandal, Morgan Stanley revealed record-breaking first-quarter profits for 2021, crushing analysts’ expectations.
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Rotation out of Treasuries Accelerates
Major indexes faltered this week while Treasury Yields soared. The 10Y Treasury yield has passed 1.3%. In theory, these two should move in the same direction. Treasury yields rise because investors are rotating out of them and into riskier assets like equities. This is known as risk-on.
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Goldman Sachs Pleads Guilty to 1MDB Scandal and Pays $2.9B Fine
Last Thursday, Goldman Sachs Group, Inc. agreed to pay a $2.9B fine to regulators for raising funds for 1Malaysia Development Berhad (1MDB), a Malaysian sovereign wealth fund tied to multiple cases of fraud and corruption. Dubbed as “one of the biggest financial scams in history,” the United States Department of Justice (DOJ) has led one of the world’s largest investment firms to plead guilty after further investigations ensued.
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