Global markets have fallen into a crisis that reminds George Soros of 2008, the billionaire investor said today at an economic forum in Sri Lanka. His opinions carry weight, but not everyone agrees with the alarmist tone. "It isn't clear to me that this is another 2008 crisis,” says Kristen Fanarakis at the Center for Financial Policy. Read more...
Cyber attacks on companies worldwide increased by 48 percent from 2013 to 2014 as roughly 42.8 million data security breaches cost firms hundreds to potentially millions of dollars (according to this recent study). With cybercrime against organizations flourishing, researchers and senior executives from business and government agencies will engage in a daylong Forum on Financial Information Systems and Cybersecurity: A Public Policy Perspective on Jan. 13, 2016, in Van Munching Hall at the University of Maryland.
American car companies sold more vehicles in 2015 than ever before, with sales boosted by low gas prices and a recovering economy — a remarkable turnaround from the recession years. But at the same time, GM is placing a bet on the industry's next phase: It has announced an investment of $500 million in Lyft, the No. 2 car-hailing service (after Uber). This is the first time a car company has directly invested in either Lyft
Something historic happened on New Year’s Eve in Texas. Less than two weeks after lawmakers lifted a 40-year ban on exporting U.S. oil, the first tanker of crude left Corpus Christi headed for a Swiss refinery. But considering that the United States is a net importer of crude, why export anything at all? Smith School professor Charles Olson, a longtime energy industry executive, explains.
Evan Lutz, a 2014 alumnus of the University of Maryland’s Robert H. Smith School of Business, is scheduled to appear on ABC’s Shark Tank on Jan. 8, 2016, to pitch Hungry Harvest, a company that ships surplus produce destined for waste to local families and businesses. Shark Tank is a reality television show where budding entrepreneurs pitch their business ideas to a panel of high-powered investors.