FINANCE

By Nick Piccone

Congressman Dave Camp’s proposed tax reform bill aims to drastically change tax code for both individuals and corporations. The proposed increases of taxes on the nation’s largest financial institutions has caused outrage throughout the financial industry. Tax reform is a constant topic of debate in both the political and business worlds. Tax codes have a major impact on how businesses operate…

By Catherine Chen

Yve-Car Momperousse is the founder and CEO of Kreyol Essence, an agribusiness specializing in luxury beauty products made from organic ingredients from Haiti. In addition to being a social entrepreneur, she has founded eight non-profits throughout her career. Yve-Car is currently pursuing a Master’s degree in International Agriculture and Rural Development here at Cornell and is the former Director of Cornell’s Diversity Alumni Program.

By Catherine Chen

In a shocking and unprecedented move, pharmacy and retail behemoth CVS Caremark announced earlier in February that its more than 7,600 retail pharmacy stores will stop selling all cigarette and tobacco products by October 1st of this year. Anti­tobacco and public health lobbying groups such as the American Cancer Society have praised CVS for its seemingly progressive, people-­first, profits-­second motive.

By Shamika Dighe

In 1999, Kevin Ashton, co­founder and then executive director of the Auto­ID Center at the Massachusetts Institute of Technology, coined the phrase “Internet of Things” to describe atechnological ecosystem in which sensors and active data collection greatly diminished the human­dependency of computers. Today, over a decade later, Google is embracing the prospect of an increasingly connected world and integrating the Internet of Things into its corporate strategy through the course of several strategic acquisitions.

By Shohini Kundu

In recent decades, corporations have come under increasing pressure from various groups to act in socially and environmentally responsible ways. In 1987, a group of Vermonters started a national campaign called McToxics to ban the use of styrofoam in food packaging. This campaign attracted students, animal rights activists, and even church groups. Even though McDonalds initially resisted pressure from the campaigners due to concerns about packaging cost and its impact on profit, it was in their long­term business interest to not alienate customer groups.

By Jack Kapp

The real estate market is in the midst of a return to urbanization. In a reversal of historical trends, the population is now growing at a faster rate in U.S. cities than in suburban areas. In fact, the U.S. Census Bureau estimates that urban markets grew by 1.12% from 2011-2012, while suburban markets grew by only 0.97%. This trend is a big change from this past decade when suburban…

By Austin Opatrny

On February 27th Comcast, the largest cable company in the world, announced that it had submitted a bid to purchase industry rival Time Warner Cable in an all­stock deal valued at $45 billion dollars. The combination of the two behemoths would give them a 30% market share of the American cable and internet provider market. The deal is part of Comcast CEO Brian Roberts’s plan to expand Comcast…

By Nick Piccone

Congressman Dave Camp’s proposed tax reform bill aims to drastically change tax code for both individuals and corporations. The proposed increases of taxes on the nation’s largest financial institutions has caused outrage throughout the financial industry. Tax reform is a constant topic of debate in both the political and business worlds. Tax codes have a major impact on how businesses operate…

By Jack Kapp

In the aftermath of the financial crisis and the resulting monetary easing policies, Bitcoin was created to alleviate growing concerns of government manipulation of currency. Bitcoin is a virtual peer­-to-­peer currency that was introduced in January 2009 by a programmer or group of programmers using the name Satoshi Nakamoto. Bitcoin is designed as a decentralized currency that is not subject…

By Hunter Bosson

On March 16th, the DAX, a German blue chip stock market index, passed 12,000 for the first time. 2015 has been a good year for the DAX; it has risen by 20% since early January, compared with a 2.4% rise in the S&P 500.

By Hunter Bosson

After half a century as the world’s premier international financial institutions, the IMF and World Bank finally have a credible rival. China’s Asian Infrastructure Investment Bank (AIIB), a multinational fund wielding roughly $50 billion in capital, has seen its coffers and membership swell in recent months, much to the U.S.’s chagrin.

By Andrew Billiter

The Chinese economy posted disappointing growth figures again earlier this week, continuing the trend of slowing economic growth reported since 2012.

By Sang Hyun Park

On March 3, Citigroup announced that it has agreed to sell OneMain Financial Holdings Inc., its consumer lending unit, to Springleaf Holdings for a purchase price of $4.25 billion. The decision has been a culmination of Citi’s yearlong process of divesting its business in the hopes of an initial public offering or outright sale.

By Sang Hyun Park

This month, the Federal Reserve released results for the first phase of stress tests on the nation’s top banks and has reported positive results.

By Emma Nelson

The by-product of nearly 1200 mergers, JPMorgan Chase & Co. is in the business of expansion.

By Samantha Torre

As a result of the U.S. economic recession of 2008, short-term interest rates have remained extremely low, ranging from 0% to 0.25%, in an attempt to stimulate economic activity and lessen the burden associated with taking out loans. Seven years later, the U.S. economy has stabilized yet the Federal Reserve has preserved low rates.