Author: Charlotte

We study the relation between the presence of superstar firms and college students’ major choice. Occurrences of superstar performers in an industry are followed by a sharp rise in the number of college students choosing to major in related fields. This cohort effect remains significant after controlling for lagged industry returns and wages. Students’ tendency to follow superstars, however, is met with lower real wages earned by entry-level employees when these students enter the job market. Further evidence from two college graduate surveys shows that such adverse career outcomes can last for decades. Source link

China’s response to President Trump’s new round of tariffs was muted. Beijing issued a statement in protest, but unlike in past rounds of tit-for-tat, it did not lob a counter.China has cause to be low key. It has so far emerged from the trade war with the United States in a better position. One year ago President Trump threatened tariffs on Chinese goods as high as 145 percent. The levies that Mr. Trump imposed on Chinese goods on Friday were just 12.5 percent.Factoring in earlier tariffs, including those from Mr. Trump’s first presidency, the overall average weighted tariff on Chinese…

SINGAPORE, July 21, 2026 (GLOBE NEWSWIRE) — BNB presales attract record capital as MemeToro uses an audit, fair-launch tools, and AI infrastructure to address common memecoin risks. MemeToro has released new details explaining how the $MT utility token is designed to connect the products within its AI-powered blockchain ecosystem. Rather than serving a single function, the company said $MT will provide access across multiple platform services, including AI-powered applications, market analytics, decentralized prediction markets, staking, and future governance initiatives.According to MemeToro, the framework is intended to support a connected user experience where each product contributes to activity across the broader…

SBI Mutual Fund has announced the launch of SBI Balanced Hybrid Fund, an open-ended balanced scheme investing only in equity and debt instruments; no Arbitrage is permitted in this scheme. The new fund offer or NFO is open for subscription and will close on August 24.Also Read |Nifty Smallcap 250 hits 52-week high. Should smallcap mutual fund investors continue SIPs or book profits? The investment objective of the fund is to generate long-term capital appreciation and income by investing only in equity and debt instruments. “The launch of the SBI Balanced Hybrid Fund strengthens our hybrid investing platform by introducing…

The Wealth Company has launched The Wealth Company IFSC FoF, an open-ended Category III Alternative Investment Fund based in GIFT City IFSC, designed to give eligible non-resident investors, including NRIs, a single, US-dollar-denominated route to a professionally managed portfolio of Indian mutual funds and ETFs.With this, The Wealth Company has forayed into the Category III AIF segment, marking another significant step in expanding its alternative investment platform and offering sophisticated investors access to differentiated, strategy driven investment opportunities.Also Read | Parag Parikh Flexi Cap Fund hikes stakes in HCL Tech, Coal India and 9 other stocks in July. Check full…

The way we create art reflects how we engage with the world around us. For many artists, creation is rooted in personal identity, cultural heritage, and lived experience.With the rise of NFTs (non-fungible tokens), a new space for artistic and cultural storytelling has emerged. This space allows creators to present their art alongside the narratives and identities that shaped it.In Africa, this new space has become a powerful tool for artists to amplify their voices and share cultural narratives with the world. Still, this opportunity comes with legal challenges, especially concerning copyright, authorship and enforcement, often in contexts where legal…

Miners quickly chose the more profitable version, the original Bitcoin. The new chain, which inherited Bitcoin’s massive mining difficulty, attracted only a tiny fraction of hashpower and produced just two blocks before grinding to a halt. Meanwhile, the original Bitcoin network continued uninterrupted, retaining virtually all activity, liquidity and security.“Bitcoin worked exactly as designed,” Michael Saylor, the founder of BTC-holding company Strategy (MSTR), said on X. Contrast that with the so-called free-market economies of the world. Falling corporate profitability should trigger cost-cutting and layoffs, but electoral politics often leads governments to block that adjustment, resulting in prolonged industrial sickness. Or,…

Ask for an operationally efficient warehouse and someone offers a bigger building. Mention sustainability and the conversation somehow ends with a few more green areas. Demand a built-to-suit manufacturing facility and you’re shown a standard storage facility with a fresh coat of paint. It sounds exaggerated. Yet, for many businesses searching for logistics or industrial real estate, these conversations are surprisingly familiar. That everyday disconnect is what Horizon Industrial Parks captures in its first digital campaign, Not Everyone Can Keep Up, a series of witty films that shine a light on the widening gap between occupiers expect today and…

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Axis Mutual Fund has launched the Axis Nifty Energy Index Fund and Axis Nifty Energy ETF, offering investors passive exposure to India’s energy sector. The Axis Nifty Energy Index Fund opened for subscription on August 7 and will close on August 21, 2026. The Axis Nifty Energy ETF will open on August 12 and close on August 21. The ETF will be listed on the stock exchanges. Both schemes aim to generate returns, before expenses, that correspond to the performance of the Nifty Energy Total Return Index (TRI), subject to tracking error. The schemes will provide exposure to companies across…