Grocery stores and food retailers are stockpiling products to prepare for another widespread outbreak of COVID-19 cases amidst the already busy holiday season rush. Edward McLaughlin, professor of food industry management and an expert in the efficiency of food distribution systems says food companies, anticipating another potential wave of COVID-19, are putting previous demand buying models aside and are now sending staple goods to grocery stores, even without an order.

Food & Agriculture

Dyson School of Applied Economics & Management

Economics and Business

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Larry Glickman, professor of history at Cornell University, says the sudden interest in direct payments as part of a coronavirus economic relief package signals a shift from conservative to liberal ideas.

Law and Policy

Economics and Business

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Scott Yonker, expert on the effects of corporate board diversity on innovation, stock price volatility and other dimensions, says Nasdaq’s diversity move will ultimately lead to firms recruiting more highly qualified diverse directors that will benefit shareholders.  

Economics and Business

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Kate Bronfenbrenner, director of labor education research and a senior lecturer at Cornell University's School of Industrial and Labor Relations, says she is not surprised by the decline in union membership given the hostile, anti-union stance of federal agencies like the National Labor Relations Board (NLRB).

Economics and Business

Industrial and Labor Relations

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After prolonged negotiations and a monthlong strike General Motors (GM) reached a preliminary agreement with the United Auto Workers (UAW) on Wednesday about contracts. Arthur Wheaton, an expert of the automotive industry at Cornell University’s ILR School, says that after it’s ratified, the deal will likely affect negotiations at the other two carmaker giants, Ford and Fiat Chrysler. 

Economics and Business

Industrial and Labor Relations

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The U.S. Department of Labor reported on Thursday that 4.4 million workers filed new unemployment claims last week, bringing the total number of claims to 26 million in just five weeks. Erica Groshen says that today’s data reinforces forecasts of a Great Depression-level unemployment rate by the end of April.

Economics and Business

Industrial and Labor Relations

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This week, Disney made its foray into streaming with a new platform, Disney Plus, that offers viewers the entertainment giant’s trove of original content for a $7 monthly subscription rate.  Aija Leiponen, professor of applied economics at the Cornell SC Johnson College of Business, says that Disney Plus further fragments an already packed market of streaming services.

Cornell SC Johnson College of Business

Economics and Business

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Office-sharing company WeWork is reportedly considering slashing its initial valuation to below $20 billion, a price that falls far short of the firm’s private valuation from January. Drew Pascarella, senior lecturer of finance in the Cornell SC Johnson College of Business, says that WeWork’s underwhelming position points to several shortcomings in the firm’s financing and business model.

Cornell SC Johnson College of Business

Economics and Business

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On Thursday, the House Financial Services Committee will host a hearing to discuss the recent GameStop stock speculation. The committee will hear from the CEO of Robinhood and other financial service apps that contributed to pushing the stock price of the gaming retailer to record highs. Cornell professors Scott Yonker and Robert Hockett comment on the upcoming hearing. 

Economics and Business

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Aija Leiponen, an expert in the telecommunication industry, comments on American's response to the spread of COVID-19 and what it means for digital tech.

Economics and Business

Business, Economics & Entrepreneurship

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