Smith School Professor Peter Morici says shifting European politics could have a depressing effect on U.S. interest rates. That's because uncertainty about the euro will cause Europeans to send money to the U.S., and that could push up stock prices and push down interest rates. “As the Federal Reserve raises rates this summer, the impact on mortgage rates will be more limited because of the uncertainty over the euro,” he says. Read his comments at
In the last quarter of 2001, the hedge fund SAC Capital filed a Freedom of Information request asking for documents regarding inspections of plants operated by Charles River Laboratories, which conducts pharmaceutical research. SAP apparently didn’t get bad news, because it increased its shares in Charles River from about 70,000 to 240,000 during that same calendar quarter. The stock rose, and SAC sold most of it in the next quarter, thereby realizing a quick gain in the range of 26 percent to 32 percent, an extraordinary achievement.
By LIU YANG
Executive orders from the White House in 2014 rekindled a decades-long debate about gender pay disparities that persist in corporate America. Some blame the gap on lingering workplace biases that protect the C suite as the domain of men. Others dismiss the problem as overstated, citing the choices that women often make to sacrifice career advancement in favor of family.
COLLEGE PARK, Md. — Last week the Swiss National Bank unexpectedly dropped the currency peg they’ve maintained since 2011, a move that bankrupted several retail foreign exchange brokerages worldwide. The lack of coordinated regulation contributes to the reputation of foreign exchange as the Wild West among investors, writes Kristen Fanarakis from the Center for Financial Policy at the University of Maryland’s Smith School of Business. Read her
Would you (or someone you know) buy customizable fashion jewelry? It’s a question entrepreneur Seble Alemayehu, MBA ’12, hopes to figure out by the end of her eight weeks participating in a new program at the University of Maryland. She and 16 other UMD alumni hoping to launch startups this year are getting the help they need to get their venture off the ground with the Dingman Center for Entrepreneurship’s Jumpstart program.