Robert Goldberg | Source | Clinical Associate Professor Finance and Economics at Adelphi University
Robert Goldberg
Robert Goldberg is a Clinical Associate Professor of Finance and Economics at Adelphi University.
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Adelphi University (https://www.adelphi.edu/)
Clinical Associate Professor Finance and Economics
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Businesses are trying not to pass rising costson to you. Here's how.
A restaurant in Garden City adjusted its menu to avert it. A toy shop in Kings Park bought more from a local manufacturer to reduce it. And a wine shop in Wading River plans to consolidate offerings t
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Henry Schein still reigning at top ofLI corporations
Henry Schein Inc. remained the corporate king of Long Island in 2018 revenue, but No. 2 Broadridge Financial Solutions Inc. is gaining momentum, according to new data. Lake Success-based Broadridge va
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A $10 trillion corporate debt bomb is waiting to explode the U.S. economy
The Federal Reserve announced a program to support the corporate debt market, but there could be more bankruptcies, which so far this year have topped 3,000.
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Prime Rate Insights: Impact on Borrowers and Loans
Robert notes that while most mortgages and auto loans have fixed rates, many small business loans and some consumer debt have variable rates tied to the Prime Rate. "As the Federal Reserve lowers interest rates, the Prime Rate, now at 8.5%, should also decline," impacting borrowing costs.
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Businesses have been spending more on goods — and the shipping companies that deliver them — because of shortages brought on by COVID outbreaks as well as inventory cutbacks that occurred when consumers were largely confined to their homes. At the same time, demand has surged in certain sectors, fueled by more generous public benefit and stimulus policies.
