Business

Marijuana business grows as 4 more states will attempt to legalize
Business

Marijuana business grows as 4 more states will attempt to legalize

With fall approaching, four states — North Dakota, Michigan, Utah and Missouri — will vote on whether or not marijuana should be legalized. In 2012, Colorado and Washington, D.C. were the first states to legalize recreational marijuana use, with California following suit for medical use. Since then, there has been a total of 30 states…

Creator of McAfee software offers thoughts on cryptocurrency
Business

Creator of McAfee software offers thoughts on cryptocurrency

Some, like bitcoin, differ from normal fiat currencies, or currencies backed by a government but without physical tender, because they are deflationary. This means that they become more valuable over time because of their finite supplies. They also have no physical component as they are solely digital. With cryptocurrency being a relatively new concept, concerns…

Business

OPEC meets in Kuwait to discuss extending 2016 output cut

On March 25, a joint committee was held in Kuwait between the ministers of both members and non-members of the Organization of Petroleum Exporting Countries. The goal of the meeting was to decide whether the 2016 agreement to limit the supply of oil should be extended by another six months. The committee was headed by…

TAMID at Baruch tops Ivy Leagues in stock pitch competition
Business

TAMID at Baruch tops Ivy Leagues in stock pitch competition

Every now and then, Baruch College students have the chance to go head-to-head with some of the brightest minds from the nation’s top universities. TAMID at Baruch recently featured a team of three freshman undergraduate students who were selected as winners of the national TAMID stock pitch competition. Amit Agrawal, Rajesh Rao and Jamie Yatcha…

Business

G-20 leaders hit impasse over trade

Chief financial leaders from 20 major economies came together for the G-20 meeting on March 19 in Baden-Baden, Germany. The leaders of the major economic powers struggled to come to a consensus over the weekend-long congregation. Despite finding common ground on foreign exchange, the Group of 20 failed to advance further talks on global trade….

Baruch College’s MFE team shines at Toronto’s 14th annual RITC
Business

Baruch College’s MFE team shines at Toronto’s 14th annual RITC

Getting into Baruch College’s Rotman International Trading Competition team is as grueling as one might expect. The stakes are especially high because Baruch’s team has had an unprecedented two-year winning streak. According to Jarrod Pickens, a professor in the mathematics department who trained Baruch’s RITC team, the process for joining the team looks different for…

Uncategorized

Mayer distributes $23 million severance

According to the Harvard Business Review’s report of the top 10 best performing CEOs, it is not the year-to-year financials of the company that are most important, but rather the lifetime performance of the CEO. While this mentality may not be the most common among businesses, it is one that defines the choices Yahoo CEO…

Investors pull out from Snap Inc. as initial IPO hype subsides
Business

Investors pull out from Snap Inc. as initial IPO hype subsides

Two weeks after Snap Inc.’s $24 billion initial public offering, investors are still divided over the long-term prospects of the newest entry into the public social media industry. Many experts believe that Snap has the potential to be the next Facebook while others suspect it could follow Twitter’s path. Shares of Snapchat’s parent company Snap,…

Business

AIG parts ways with CEO after Q4 loss

Nearly three weeks following a fourth quarter report of losses totaling approximately $3.04 billion, American International Group and its chief executive board have made a drastic decision in hopes for the better. The decision, while not surprising in AIG’s history of quick turnover-rates, was for current CEO Peter Hancock to step down. AIG shares plunged…

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