$8 Billion in funds stolen; life savings gone, potential college funds lost, but at the same time, zero jail time served. How is this possible you may ask? The simple answer is powerful individuals using their money to elude consequences. FTX is a trading platform that allows users to buy and sell various types...
The stock market has been on an upward trajectory since the market crash of 2020 caused by the COVID-19 pandemic. The rapid development of vaccines and the reopening of economies have led to increased investor confidence and a surge in stock prices. The S&P 500 index, which tracks the performance of 500 large companies...
The Santa Claus rally is a term used to describe the tendency of the stock market to experience a surge in prices during the final weeks of the year, typically between Christmas and New Year’s Day. This phenomenon has been observed in the US stock market for several decades and is widely regarded as...
Recently, OPEC+, a group consisting of 23 countries that essentially determine the world’s oil output, decided that they would cut their production of oil. However, this cut isn’t miniscule in any way; in fact OPEC plans on reducing their oil production by a near two million barrels per day. The group claimed that the...
Over the past year, I have participated in many different business competitions, learning several new things from each competition. Even though there have been competitions that my group members and I didn’t necessarily enjoy, they still proved to be valuable as we learned to adjust our product to very detailed guidelines. A new business...
In recent months the only financial news people seem to care about is the recession. Many economists stated that if the recession were to become official, the markets would see a massive sell off, and everyone would panic. Then the recession was officially announced, and everything remained relatively flat. However, in the past couple...
Over the past couple of weeks, 2 of my friends and I have been preparing for the Youth Citizen Entrepreneurship Competition. Because I already went into detail about the competition in one of my previous blogs, I will only provide you with a brief 1-2 sentences about requirements. The competition requires that you implement...
With the intention of both extending my business related interests beyond finance, and also becoming more comfortable taking the role of a leader, it did not take long to convince me that EFL was the perfect summer course. Economics for Leaders is a program in which professors touch upon the basics of Economics in...
Despite the current market conditions, publicly traded companies must still report their earnings. With Tesla releasing their earnings yesterday, and many other tech giants like: Apple, Meta, and Microsoft releasing their earnings next week, we could either witness a small bear market rally or even further downfall. Even though we have started off on...
As my friends and I head into summer break, a time of relaxation and enjoyment, we decided that making use of this free time to practice for some of the big time entrepreneurship competitions could be very beneficial. These “big time” entrepreneurship competitions I am referring to are “Diamond Challenge”, “NFTE World Series of...