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Marcelle Arak

CoBank Professor of Commodities and Editor of Global Commodity Issues, University of Colorado Denver

Dr. Marcelle Arak, an expert on financial markets, is the editor of Global Commodity Issues (Editor's Choice) -- an eJournal sponsored by the J.P. Morgan Center for Commodities, where she is also Research Director.
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A former Wall Street derivatives trader and Federal Reserve economist, in recent years she has been a Professor of Risk Management and Finance at the University of Colorado Denver. Dr. Arak also serves as an advisor to money managers here, and to Finance Ministries and Central Banks abroad.

Before joining the University, Dr. Arak headed Citibank' s Structured Interest Rates Options and Guarantees Department Her group was one of Wall Street's major providers of over-the-counter interest rate options, interest rate locks, and “swaptions”.

Prior to building that new business for Citibank, Dr Arak headed the Capital Markets Analysis Department, the group of bond quants that provided advice to institutional customers of Citibank as well as for the Bank’s own risk managemen.

Still earlier, she was Vice President and Head of the US economic and financial research group at the Federal Reserve Bank of New York.

Dr. Arak earned her Ph.D in Economics. at MIT and her BA at the University of Rochester. She has published extensively on financial market issues, including derivatives such as options, futures, and interest rate swaps.

Why the 'free market' for drugs doesn't work and what we can do about it

Jan 19, 2017 07:41 am UTC| Insights & Views Business

The United States faces a major problem with prescription drug prices. Even as the prices of most goods and services have barely budged in recent years, the cost of drugs has surged. During the presidential campaign,...

Economy

Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets

Gold prices were largely steady on Tuesday after sliding more than 1% in the previous session, as escalating Middle East oil supply disruptions increased expectations that the Federal Reserve will raise interest rates this...

Finland Raises 2026 Growth Forecast as Exports and Investment Surge

Finlands economy is expanding faster than previously expected as stronger exports and investment support a broader recovery after years of weak growth, according to the Bank of Finland. The Finnish central bank now...

China Home Prices Fall Again as Property Slump Drags on Growth

Chinas new home prices declined again in August, highlighting persistent weakness in the countrys property market and adding pressure on policymakers to introduce stronger measures to support domestic demand. New home...

Dollar Rises as Fed Hike Bets Weigh on Asian Currencies

Asian currencies weakened against the U.S. dollar on Monday as investors raised expectations for a Federal Reserve interest rate hike this week. The Japanese yen remained close to a seven-month high as traders also...

BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks

The Bank of Japan is increasingly concerned that rising import costs and currency fluctuations can trigger sharp inflation in Japan, suggesting these supply-driven price pressures should play a greater role in monetary...

Politics

Bill Gates Warns Governments Are Unprepared for AI Disruption

Bill Gates has warned that governments worldwide are not adequately prepared for the sweeping changes artificial intelligence could bring to society, including job disruption, security threats and growing dependence on AI...

Trump Open to Chinese Automakers Building Cars in US

President Donald Trump said he would not oppose Chinese automakers opening manufacturing plants in the United States, provided they build vehicles domestically and employ American workers. If China wanted to come in and...

Trump Touts $5,000 Checks if Republicans Win Congress

President Donald Trump said the United States could afford to send $5,000 payments to every American adult if Republicans retain control of Congress in this years elections, though lawmakers said the proposal would require...

Takaichi-Backed Koja Wins Okinawa Governor Race

A candidate supported by Japanese Prime Minister Sanae Takaichis government has won the Okinawa gubernatorial election, potentially clearing the way for Tokyo to expand its military presence across the strategically...

Philippines Holds Historic Bangsamoro Election Amid Tight Security

Voting began Monday in the Philippines Muslim-majority south in a landmark Bangsamoro election, with security tightened after pre-election violence left three people dead and 15 others wounded. The vote is considered a...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

SoftBank Shares Plunge 11% After OpenAI Rules Out 2026 IPO

SoftBank Group shares plunged on Monday as investors reacted to OpenAI CEO Sam Altman ruling out a public listing in 2026 and growing calls to slow the pace of artificial intelligence development. SoftBank (TYO: 9984)...

China’s Global Times Slams Anthropic CEO’s AI Slowdown Plan as ‘Cold War’ Strategy

Chinas state-backed Global Times has criticized Anthropic CEO Dario Amodeis proposal to slow the development of advanced artificial intelligence, arguing that the initiative reflects a U.S. Cold War playbook aimed at...

Z.AI Shares Slide 7% After $5 Billion Fundraising

Z.AI shares tumbled nearly 7% on Monday, reaching a 5-1/2-month low after the Chinese artificial intelligence company completed a roughly $5 billion fundraising package involving discounted new shares and convertible...

Anthropic Eyes Second Straight Profitable Quarter Ahead of Potential IPO

Anthropic expects to post positive adjusted operating income for a second consecutive quarter, signaling improving financial performance as the artificial intelligence company moves closer to a potential IPO, the Financial...

Trump Vows to Keep U.S. Ahead of China in AI Race

President Donald Trump said Sunday that the United States must maintain its artificial intelligence lead over China, pushing back against calls from prominent technology leaders to slow AI development amid growing safety...