New ‘Flash Boys’ Exchange Is No Disruptor

SMITH BRAIN TRUST — The 2014 book “Flash Boys” resonated with investors fed up with a market “rigged” in favor of high-frequency traders who use sophisticated software and algorithms to trade in and out of stocks in milliseconds. Now, the book has a companion exchange, the Investor’s Exchange (IEX) Group. It went live on Aug.

Audio: Assessing the Latest Drug Pricing Scandal

SMITH BRAIN TRUST — Executives at pharmaceutical company Mylan have come under attack for giving themselves raises while boosting the price of a lifesaving injection device by more than 400 percent over the past nine years.

Buffett Reaffirms Apple as Value Buy

SMITH BRAIN TRUST — As investing icons Carl Icahn, George Soros and Leon Cooperman have exited Apple and its lagging stock, Warren Buffett has reasserted a value-investor approach by upping his stake in the tech giant. SEC filings on Monday revealed Warren Buffett’s Berkshire Hathaway as of June 30 increased its Apple stake by 55 percent, or about $500 million.

Why Bank Reform Is Just Election Posturing

SMITH BRAIN TRUST — Democrats and Republicans are calling to reinstate a version of the Glass-Steagall Act, which from 1933 to 1999 separated investment banking (underwriting, issuing and distributing financial inst

Why Banks Remain Too Big to Fail

SMITH BRAIN TRUST — Told big bank failure would trigger a flood of bankruptcies and economic calamity, U.S. taxpayers collectively paid billions of dollars to bail out large institutions from the 2008 financial crisis.

Brexit Countdown: Faculty Perspectives

SMITH BRAIN TRUST — “Divorces are tough,” says economist Peter Morici at the University of Maryland’s Robert H.

10 Business Books for your Summer Reading

The University of Maryland’s Robert H. Smith School of Business is excited to announce some favorite books in the "13th Annual Top-10 Summer Reading List for Business Leaders" for 2016, as recommended by members of its faculty and administrators.

‘Sharks’ Losing Ground to ‘Prey’ in Markets

SMITH BRAIN TRUST — Since the global financial crisis, “active” fund managers — stock pickers looking to beat the market — have lost ground to their “passive“ counterparts, as investors “shun stock pickers amid concerns over bad performance and high fees,” the Financia

Making Sense of Berkshire’s Bite of Apple

SMITH BRAIN TRUST — Berkshire Hathaway’s small but much-discussed bite of Apple suggests a vote of confidence for a tech giant that had been sliding in the stock market.

Why ‘Family’ CEOs Think Differently

Founder-CEOs and CEOs related to the founder see the world differently than CEOs of non-family firms, and they pursue different strategies, according to new research from the Robert H. Smith School of Business at the University of Maryland.

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