News & Perspective
Keep current on recent E.J. McKay news & industry trends.
Harvard President Claudine Gay steps down; Provost Alan Garber to serve as interim leader
Claudine Gay announced on Tuesday that she is stepping down as Harvard president. Provost Alan M. Garber ’76, Harvard’s chief academic officer, will serve as interim president effective immediately. “This is not a…
Powerful earthquakes leave at least eight dead, destroy buildings along Japan’s western coast
A series of powerful earthquakes hit western Japan, leaving at least eight people dead and damaging buildings, vehicles and boats, with officials warning people in some areas on Tuesday to stay away from their…
The Economics of Christmas – A Statistical Look at Holiday Spending
The economics of Christmas are a big deal for the global economy – and we’re not just talking about buying Christmas gifts for economists. Indeed, the Christmas shopping phenomenon carves out a very…
The Fed’s higher-for-longer strategy on interest rates is slowly crumbling
Investors are feeling bullish that the Federal Reserve will begin to cut interest rates in the first half of next year, despite Fed Chair Jerome Powell and other officials saying they’re not considering rate cuts…
Gold prices sprint to all-time peak on Fed rate-cut bets
Gold prices bolted to an all-time high above $2,100 per ounce on Monday as Federal Reserve Chair Jerome Powell’s remarks elevated traders’ confidence that the U.S. central bank could cut interest rates early next year.…
Black Friday Was a Hit Online, Reaching a Record $9.8 Billion in the U.S.
Early Black Friday sales data pointed to a healthy start to the holiday shopping season—at least online. A Record Despite industry expectations for slowing retail sales growth overall this year, Adobe said Black…
