Albert Pete Kyle

Pete Kyle

Albert S. (Pete) Kyle has been the Charles E. Smith Chair Professor of Finance at the University of Maryland's Robert H. Smith School of Business since 2006. He earned is B.S. degree in mathematics from Davidson College (summa cum laude, 1974), studied philosophy and economics at Oxford University as a Rhodes Scholar from Texas (Merton College, 1974-1976, and Nuffiled College, 1976-1977), and completed his Ph.D. in economics at the University of Chicago in 1981. He has been a professor at Princeton University (1981-1987), the University of California Berkeley (1987-1992), and Duke University (1992-2006).

Robinhood Effect: Why JPMorgan Is Offering Free Stock Trades

SMITH BRAIN TRUST – In a kind of Robinhood effect, JPMorgan Chase recently launched a new digital investing service with deeply discounted trading fees and free access to the bank’s stock research.

It’s seeking to attract younger, millennial investors and striving to fend off competition from fast-growing startups – notably Robinhood Markets Inc. – that offer unlimited, free app-enabled trading services.

Trump’s Tax Reform Plan Under the Microscope

How will President Trump's proposed tax plan affect your household? And how will it change the way Americans pay their taxes, run their businesses, and buy homes? Smith School professos Albert "Pete" Kyle and Michael Faulkender have taken a look at the one-page plan, which calls for cutting the business tax rate to 15 percent and includes a one-time tax of unspecified size on dollars held overseas. It calls for reducing the top personal tax rate to 35 percent and preserves incentives for home ownership while proposing eliminating other tax loopholes. Kyle offers up these insights. Read more...

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