Experience Stern | News & Events

Excerpt from CNBC -- "'It continues to be a bet on the iPhone, with a great deal riding on how well the iPhone 8 does,' Aswath Damodaran, a professor of corporate finance and valuation at New York University's Stern School of Business, told CNBC in an email. 'If it does well, I think [Apple] will make the trillion dollar market cap,' he said. 'If the iPhone 8 does badly, all bets are off.'"

Excerpt from Cheddar -- "'I think by saying that, 'I want to go public in 18-36 months'...what Dara is doing is re-insuring investors... The choice of Dara is very clearly a signal that investors are serious about taking Uber rapidly to profitability.'"

Excerpt from WalletHub -- "'The buyer should take his/her time and not be rushed. Shop around -- this includes shopping for financing, which means visiting local banks, credit unions, etc. Ask lots of questions.'"

Excerpt from Business Insider -- "Treasury Secretary Steven Mnuchin has said it will take up to two years for the economy to sustain this pace. But some economists have said the target is too high. That's partly because new technologies are not producing the same kind of productivity growth that they did before the Great Recession, said Gian Luca Clementi, an associate professor of economics at New York University’s Stern School of Business. 'If anything, President Trump has brought about a lot of policy uncertainty, and that is just bad news for the economy,' he told Business Insider."

Excerpt from CNBC -- "There was a bipartisan report in 2012 on economic recovery and jobs and competitiveness in the United States which told us that, by 2020, we were going to be 1.5 million skilled, college educated, workers short in the United States... So that suggests that you've got to do two things. One, you've got to grow those workers. You've got to find a way to create more educational ability within the country. But while you're trying to catch up on that front, you've also got to encourage immigration of skilled workers. And so, if you really want an agenda that's going to drive shared prosperity, a pro-immigration agenda is a pro-growth agenda."

Excerpt from Bloomberg -- "Late last year, a study by a New York University professor, Thomas Philippon, and a graduate student, German Gutierrez, examined the reasons R&D spending has been weaker than expected since at least 2002 but plunged after the Great Recession.They found only three factors that at least mathematically appeared to correlate with the drop in R&D. One was an increase in index investors."

Excerpt from the Los Angeles Times -- "Although Skynet was programmed to make decisions, it couldn’t learn how to interpret new kinds of data, especially if the information broke any of its established rules. So it is with our president, who operates with a retrograde understanding of modern warfare."

Excerpt from CNBC -- "'Both economies and markets have essentially assumed that this is a lot of noise,' [Spence] said. 'The worrying scenario is that there's rising risk that's not properly perceived.'"

Excerpt from RT -- "'We're certainly going to see a great deal of advancement in convenience and in comfort because of artificial intelligence and robotics. Today's AIs are solving the problem of perception--being able to see what's around you and make sense of it, and of national language processing--being able to communicate like humans. And so across a wide range of both businesses and in the household, we're going to see a lot of convenience. But in many ways, every generation that has this kind of revolutionary for their time technology enjoys the same kinds of benefits.'"

Excerpt from Fast Company -- "[Improving the company's value is] likely what he’ll do for Uber, says Arun Sundararajan, professor at NYU Stern Business School and author of The Sharing Economy. 'My guess is that the board has brought him in as someone who can rapidly take them to short-term profitability,' he says."

Excerpt from the Financial Times -- "Peter Henry, dean of NYU Stern School of Business, said: 'It is true that we have broader recovery than we have had in a very long time but keep in mind the recovery is still quite weak and tepid relative to what we have seen in the past. We are hearing central bankers essentially say to world leaders and lawmakers, "We have done our job and we need you to step up."'"

Excerpt from the Financial Times -- "'There is one thing in common among the largest advertisers in the world: they’re all losing [market]share,' says Scott Galloway, professor of marketing at New York University’s Stern School of Business."

Excerpt from VICE -- "'In principle, a consumer who’s upset with Uber because of the investigation of sexual harassment or other issues could switch to Lyft or another competitor,' Seamans said. 'In practice, though, it looks like the switching costs for consumers is high enough that few actually do make the switch.'"

Excerpt from Xinhua -- "'I think there's a recognition that the physical space that Whole Foods owned when Amazon makes the purchase is incredibly important both in terms of proximity to high-end consumers that are who Amazon is looking to attract, but also with the idea if they're looking to do more fresh delivery options that the warehousing space in most of those stores,' he said."

Excerpt from Wharton Business Radio -- "I think business can play an incredibly important role. If you think about it, $22 trillion of the U.S. GDP is in business. $3 trillion is in government and NGO. So right there, in terms of the power business has, it's huge. And I think, as we've seen with the recent resignations from the President's council over his various remarks and actions, they can stand up. But they've stood up on others things: transgender issues, climate change issues. We have a coalition called 'We Mean Business' that has said, we're going to go ahead and have 60% of greenhouse gas emissions, no matter what the government does. We're going to really commit to what the Paris Accord laid out on our own."

Excerpt from Bloomberg -- "I think it's a really big threat because you're combining the AI and device power of Google with the largest stakes and retail expertise from Walmart. I think it's a win-win for both Walmart and Google."

Excerpt from NPR -- "A 2013 study by Stanford economist Petra Moser showed that U.S. patents increased by 31 percent in the fields these scientists represented after their arrival. 'German Jewish émigrés had a huge effect on U.S. innovation,' Moser told an interviewer. 'They helped increase the quality of research by training a new generation of American scientists, who then became productive researchers in their own rights.'"

Excerpt from NBC News -- "'They need to massively strengthen their presence and expertise in internet commerce and mobile commerce in order to even have a chance of meaningfully competing with online behemoths like Amazon. Otherwise, the chance of their survival is low,' Anindya Ghose, a professor at New York University’s Stern School of Business, told NBC News."

Excerpt from Bloomberg -- "NYU professors discussed this question at length and decided that data science is sufficiently distinct from computer science and statistics and deserves its own academic center and shingle, said Vasant Dhar, a professor of data science who helped start the Ph.D. program. The field, which seeks to discover knowledge from data, is very interdisciplinary, incorporating everything from linguistics and psychology to neurology. 'NYU is willing to take chances and be innovative and somewhat unconventional, and it’s also part of the DNA of the university,' said Dhar. 'We do expect some schools will adopt Ph.D. programs in this field.'"

Excerpt from Xinhua -- "'After all, it is a free-trade agreement. It is not a trade agreement with trade barriers, and so if the trump administration tries to push that protectionist agenda, I would expect Canada and Mexico to push back rather strongly,' Salomon said."

Excerpt from Law360 -- "On Monday, Erdem — who has testified in other high-profile cases like Apple v. Samsung and MobileMedia Ideas LLC v. Apple Inc. — said she spent 250 hours examining DirecTV’s 116 ads. Ultimately, she found that the disclosures in those ads were not clear or conspicuous, by performing a series of tests using a single-page print ad. First, she made small changes to the print ad so that the disclosures were more prominent. She then asked test participants a series of questions to determine if they understood the terms of DirecTV’s contract and its monthly subscription price based on the ad."

Excerpt from The Washington Post -- "'In many ways they are better suited choosing an executive that is not drafted from the Silicon Valley, social media software world, but someone who has experience dealing with a global business that is diversified,' Sundararajan said."

Excerpt from Xinhua -- "Trade negotiations lead to agreements regarding the rules for trading, which generally lead to more trade that can change a trade balance in any direction, said Paul Wachtel, a New York University economics professor. 'The negotiations are not going to have any direct consequences for the U.S. trade deficit,' said Wachtel."

Excerpt from Al Jazeera -- "When we reach a point that the President introduces any sort of significant economic legislation and wants to try and claim that this has been thought out and vetted by senior business leaders before it's been brought to congress, at that moment it will be difficult to kind of credibly claim that, given the lack of CEO councils."

Excerpt from Marketplace -- "We are unlikely to live in a world in which globalization goes to zero. Given that, it's important for business people and others to make some contingency plans about what does happen if we get a hard Brexit, or what does happen if the NAFTA re-negotiations, whenever they conclude, do lead to a significant raising of barriers. But I think it's very, very silly to either plan for a world of either total free trade or a trade-free world."