Andrew Karolyi, professor of finance and economics at the SC Johnson College of Business, and Erica Groshen, a faculty member at the School of Industrial and Labor Relations, comment on the release of first quarter GDP estimates.  

Economics and Business

Law and Policy

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Today, Levi Strauss & Co will begin trading on the New York Stock Exchange, with shares expected to be priced between $14 and $16. This is the second time the clothing company has launched an initial public offering (IPO), the first time being 1971. Nicholas Guest, professor of accounting at the Cornell SC Johnson College of Business studies how companies make decisions when trading in the equity market. He says investors should approach this IPO with a level of skepticism.

Economics and Business

Cornell SC Johnson College of Business

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On Monday, Amazon announced it would offer incentives to employees who quit their jobs at the company to start a business delivering Amazon package. The move is the enhancement of a program that began over a year ago to speed up Amazon’s shipping times, but it also comes with added benefits for Amazon, says Rick Geddes, professor of policy analysis and management at Cornell University and author of “Saving the Mail: How to Solve the Problems of the U.S. Postal Service.”

Economics and Business

Human Ecology

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Following pressure from China, Apple decided to pull HKmap.live from the App Store. The app allowed users to track police presence in Hong Kong, where antigovernment protesters have been demonstrating for months. The removal was announced shortly after Beijing criticized the tech giant in a strongly worded editorial on Wednesday.  Thomas Jungbauer, professor of economics in the SC Johnson College of Business at Cornell University, studies tech firms and high-skilled labor markets. He says that tech companies are walking a fine line as they attempt to develop their Chinese markets

Cornell SC Johnson College of Business

International

Economics and Business

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In Walmart’s first social responsibility report, released this week, the company outlined its commitment to sustainable growth and reported a few key figures, including employee compensations. Wages for Walmart’s average employee are growing, according to the report. The retail giant is also investing in training and education programs. Hyunseob Kim studies corporate finance and labor economics at Cornell University’s Johnson Graduate School of Management, where he focuses on the effects of corporate governance and investment on wages and productivity. Kim says that Walmart is responding to an increasingly tight labor market.

Economics and Business

Cornell SC Johnson College of Business

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Dairy Farmers of America has agreed to buy assets from Dean Foods, which filed for Chapter 11 bankruptcy in November. While the plan represents a major step for the stabilization of a large component of the U.S. milk processing sector, Cornell University agricultural economist Andrew Novakovic says there are hurdles to overcome before this proposal would become a reality.

Food & Agriculture

Economics and Business

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Leisure cruises have found themselves in the middle of the coronavirus outbreak. Robert Kwortnik, associate professor at Cornell University’s Hotel School, studies tourism and hospitality with a focus on the leisure cruise industry. He says that the industry is already feeling the economic impacts from the coronavirus crisis and adds that 2020 may be the most difficult year for leisure cruises in decades.

Economics and Business

Cornell SC Johnson College of Business

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On Wednesday, the Federal Reserve announced that it was leaving interest rates unchanged and cautioned that the bank will be “patient” in future action on interest rates. Cornell University economist Steven C. Kyle, an expert in macroeconomics and government policy, says that signs of a slowdown in the current economic climate are behind the Fed’s recent change of approach.  

Economics and Business

Cornell SC Johnson College of Business

Dyson School of Applied Economics & Management

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Karl Lagerfeld, fashion designer and creative director of the House of Chanel – among other luxury brands – died in Paris on Tuesday. Mukti Khaire, studies the business of creative industries, including fashion at Cornell University’s SC Johnson College of Business and Cornell Tech. Her book Culture and Commerce: The Value of Entrepreneurship in Creative Industries” details the ways artistic worth is converted to economic value. Khaire, who interviewed Karl Lagerfeld as background for a case study titled: “Coco Chanel: Creating Fashion for the Modern Woman,” says Lagerfeld was wildly creative but also understood business.

Economics and Business

International

Cornell SC Johnson College of Business

Cornell Tech

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Arthur Wheaton, professor of labor at Cornell University and an expert on the automotive sector, comments on the announcement that German automaker Volkswagen is considering replacing its upper management, including CEO Matthias Muller.

Economics and Business

International

Industrial and Labor Relations

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