Janet Yellen, the Fed chairwoman, has said that raising interest rates before the end of the year is "a live possibility," given the relatively strong performance by the economy. Other Fed governors, however, have said that low levels of inflation mean that a rate hike would be premature. A division over interest-rate policy was also evident in a recent panel discussion among finance experts at the
A new creature has joined the entrepreneurial menagerie of gazelles (fast-growing firms), elephants (like Wal-Mart) and mice (corner barbershops). These are the unicorns — privately held startups such as Uber, Airbnb and Snapchat worth more than $1 billion each. With only 141 in existence, unicorns are the rarest creature of all. And Hewlett-Packard CEO Meg Whitman is worried about their health.
The Dingman Center for Entrepreneurship at the University of Maryland’s Robert H. Smith School of Business is the recipient of the 2015 Outstanding Contributions to Venture Acceleration. The award was presented at the Global Consortium of Entrepreneurship Centers (GCEC) Annual Conference, hosted by the University of Florida, Oct. 29-31.
Two massive drug companies, New York-based Pfizer and Dublin-based Allergan (maker of Botox), are discussing a merger that could end up being the biggest in a year of blockbuster combinations. The merger also reignites debate over the corporate tax rate in the U.S., given that Pfizer's CEO has made it clear that a chief goal of the plan is to cut Pfizer's tax rate. Smith School finance professor Michael Faulkender
In this edition of Smith Business Close-Up with the University of Maryland’s Robert H. Smith School of Business, host Jeff Salkin sits down with Joyce Russell to talk about the innovations in education and her new role leading the charge at the Smith School.