Friday, December 9

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<strong>Young Entrepreneurs Give Advice On Attaining Success</strong>
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Young Entrepreneurs Give Advice On Attaining Success

By Emmie Wolf-Dubin and Ilana Drake This article is originally published by YR. Media and is republished by VBR. A recent entrepreneurship conference, 3698, in Nashville highlighted learning more about business ownership and the importance of advocacy.  Emmie Wolf-Dubin and Ilana Drake had the chance to pick the brains of several young frontrunners in finance and investing.  Borrego & Bendel Corporation CEO Nick Borrego shared an important tip from his father, “Surround yourself with people who are smarter than you and you’ll grow into that world.”  The reasoning — becoming an entrepreneur has a number of challenges.  “Don’t forget to follow your dreams… if you have the passion and fire inside your heart, it’ll take you across the wo...
Central Banks Raising Interest Rates
All Posts, Economy and Government

Central Banks Raising Interest Rates

By Marvi Ali (Image: creative common license) Over the past few months, the Federal Reserve has steadily been raising the federal funds interest rate in an effort to combat inflation. The Federal Reserve, also known as the Fed, is the central bank and monetary authority of the United States. The Fed is tasked with the major responsibilities of conducting national monetary policy, supervising and regulating the banking system, and ensuring financial stability. Recently, the Fed announced a 0.75% increase to their interest rate on November 2, making this the sixth interest rate hike of the year. And, the Fed hasn’t been acting in isolation. The European Central Bank, the Fed’s counterpart in Europe, recently raised rates by 75 basis points to the highest level since 2009. ...
Adderall Shortage Deepens Struggle for ADHD Community
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Adderall Shortage Deepens Struggle for ADHD Community

By Brian Zhao  (Image: creative common license) Almost all patients prescribed Adderall as attention deficit hyperactivity disorder (ADHD) treatment have recently reported that it is notably harder for them to find proper treatment. Consequently, this community of disaffected individuals is experiencing anxiety when finding medication, serious withdrawal symptoms, and mental health flare-ups from the lack of accessibility to the ADHD drug.  On October 12, 2022, the Food and Drug Administration (FDA) first reported the shortage of amphetamine mixed salts, the drug used to treat ADHD. Adderall is one of many brand names of amphetamine mixed salts. In September, 80 percent of the responses to a survey conducted by ADDitude, the leading media network on ADHD and related...
<strong>Hive Helps Students With Career Planning</strong>
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Hive Helps Students With Career Planning

By Ilana Drake This article is originally published by YR.media and is republished by Vanderbilt Business Review. A recruiting platform for students recently held a money management conference that enabled college students and recent graduates to build effective resumes; become more marketable to potential employers; and how to shine during interviews. Hive — which connects diverse students to companies they are partnered with such as Morgan Stanley, Goldman Sachs, BlackRock, Disney and Accenture — held the Money Management Institute Conference in Nashville, Tennessee. The platform, which started in October 2020, assists students with making a resume through their step-by-step process and connects them to webinars and other opportunities. Hive’s founder, Byron...
Russia-Ukraine War Skyrockets Nickel Prices
All Posts, Economy and Government

Russia-Ukraine War Skyrockets Nickel Prices

By Brian Zhao  (Image: creative common license) The Russian-Ukraine conflict has caused a number of supply chain disruptions in addition to obstructing the flow of goods, driving up product shortages, and creating severe food crises around the world. Even nickel, a relatively available commodity, has undergone unprecedented price changes.  In March 2022, the London Metal Exchange suspended nickel trading due to its wild fluctuations caused by Russia’s invasion of Ukraine, which sent the market surging well over the $100,000 per tonne mark. The drastic increase of this raw material could wreak havoc for several industries that nickel supply is important for, such as stainless steel, magnets and alloys, electronic devices, medical equipment, and energy and power generation. ...
Rate Hikes and Legoland: South Korea’s Bond Market Woes
All Posts, Economy and Government

Rate Hikes and Legoland: South Korea’s Bond Market Woes

By Edward Ding (image: iStock) For the South Korean bond market, 2022 has gone from bad to worse. Markets in Korea have been grappling with the same macro problems that have afflicted much of the world: high inflation, global recession fears, and monetary tightening have all converged to crimp corporate profits, breed uncertainty, and generally create a volatile financial environment. The Bank of Korea continues to follow the Fed in its regime of rapid rate hikes, a policy that has steadily pushed up borrowing costs in the local debt market. The uncertain macro environment has dampened investor demand, and issuers are finding it more difficult and expensive to access capital. This was all before the Legoland crisis. Korea’s first Legoland park opened in May of this year a...
Changing the Game: Blockchain’s Role in the Future of Finance
All Posts, Finance and Business Insight

Changing the Game: Blockchain’s Role in the Future of Finance

By Brian Zhao (Image: creative common license) Most of us remember Bitcoin’s crazy upsurge in 2017, when its price jumped by over 2,000 percent, going from about $1,000 at the start of the year to nearly $20,000 by December. This dramatic shift, along with many success stories of ordinary people becoming millionaires overnight, has generated immense interest in the digital currency. Cryptocurrencies have remained in the spotlight since 2017, and much discussion has centered on what the relatively new form of monetary transactions could mean for the future.  Although around 4 percent of the world’s population, which is about 300 million people, currently use cryptocurrencies in some shape or form, many are unfamiliar with the technology that is the foundation for cryptocu...
The Informal Economy: Case Studies Within America’s Ethnic Chinese Diaspora
All Posts, Finance and Business Insight

The Informal Economy: Case Studies Within America’s Ethnic Chinese Diaspora

By Claire Chen The universal status of Chinese food is perhaps the most iconic symbol of Chinese diasporic success. Even three years and five hundred miles out of the house, I can still find the dishes of my childhood when I walk down the streets of Nashville. No doubt you’ve ventured to these same businesses as well to chase that late-night fried rice craving that only Chinese takeout can fix. But the public-facing businesses catering to the American palate are just the surface of community innovation. The fried rice you trust is made by workers with W-2s in a kitchen with regular inspections. For those with the right social credentials – thanks Mom – trust does not need to be created by regulatory action. I’ve seen thriving unregulated businesses ranging from WeChat groups dis...
All Posts, Industries

Made-in-China Electric Blanket Sales Booming in Europe as Homeowners Struggle with Soaring Fuel Bills 

By Iris An  (Image: creative common license) As the temperature drops below 60°F this week, heaters, hot tea, blankets, sweaters, and hot air from air conditioners are returning to our lives in Nashville.  At the same time, our European friends don’t seem to be enjoying a longer summer: temperatures in London fell below 51°F, with Berlin at a slightly better 59°F, and Amsterdam at 56°F, while the Nordics are facing an autumn well below 40°F.  With winter approaching Europe, it is simple to see how a significant energy crisis resulting from the Russian-Ukrainian war would make this winter much more unpleasant. However, shifting your perspective to a micro-economic view, it is less likely to imagine how products that have long fallen out of favor with customers wi...