Articles tagged "wall street"

Wall Street is unimpressed.

Such are the crazy times we live in, where a single rumor can cause the entire system to crash, even momentarily.

The Syrian Electronic Army launched a single faux tweet and wiped away $150 billion in about 5 minutes.

European officials are proposing directly picking the pockets of their citizens by going straight for their banking deposits. Incidentally, it's also turning furious (and fearful) Europeans to cryptocurrency.

Demand an IQ test before handing a broker your money.

With humans replaced by torrents of data, trading has become a strangely beautiful thing.

When we get caught up in this sort of Wall Street navel-gazing, it's easy to lose track of reality.

Break out a fresh bottle of schadenfreude, because the once untouchable and invaluable Facebook stock is on a fast slide towards a rocky bottom. The trouble started last Thursday — well, some would argue that it really started the day of Facebook's o…

Given the the endless mind-whirling acronyms, derivatives and structures of the financial markets, we're rarely "served with a visualization":http://blogs.reuters.com/felix-salmon/2012/08/06/chart-of-the-day-hft-edition/ that so elegantly illustrates…

Wall Street robots went rogue on Wednesday unleashing a torrent of trades that wreaked havoc on the markets and cost one firm nearly half a billion dollars, or about $10 million a minute. It was a “mini flash crash,” experts called it, bringing back…

Sometimes it seems like everybody on Wall Street wants Facebook to fail as a public company. After the company's meteoric rise from a dorm room vanity project to a $104 billion company in just eight years, it seemed like nothing could stop Facebook f…

The attempted suicide of a prominent money manager in a small Iowa town is the latest of a string of financial scandals that have unfolded in the wake of the Great Recession. By the end of it, Russell Wasendor Sr., head of Peregrine Financial Group,

It's sort of sad that the biggest banking scandal ever, one that makes that whole Madoff deal seem downright amateurish, feels so utterly predictable. We now know that Barclays, along with other major global banks, have been rigging the calculation o…

It is at once the ‘net’s most inspired invention or its most dangerous project ever depending on who you ask.Bitcoin might be nothing more than the latest Internet scam, a virtual ponzi scheme designed to enrich early adopters, while adding no real v…

Investors this week have been chattering about what they’ve deemed to be “marks of immaturity” for the traveling CEO during Facebook’s pre-IPO roadshow. The guy wore a hoodie?! How crass.

The Frontline special on Wall Street had all the usual suspects: credit default swaps, “too big to fail,” Goldman Sachs CEO Lloyd Blankfein. But perhaps the most sobering is the persistence of a culture of greed, the worrying systemic problems that r…

It’s only been a week, but already everyone’s acting like nothing’s changed. Facebook announced its astronomical $5 billion initial public offering last Wednesday, giving it a valuation somewhere in the ballpark of "$75 billion to $100 billion":ht…

Right now, as Hurricane Irene nears the end of its lumbering trip up the East Coast of the U.S., someone is making money. At the same time, other people are losing money -- not "in property damage or lost income":http://www.reuters.com/article/2011/0…