Category: Business News

The Stock Market Is Rigged. So What!

The Stock Market Is Rigged. So What!

Wall Street is rigged. That’s the thesis behind Flash Boys: A Wall Street Revolt by Michael Lewis. It’s the story of high-frequency traders (HFTs), who use a combination of algorithms, super computers, fat internet...

Exxon Mobil to Reveal Fracking Data

Exxon Mobil to Reveal Fracking Data

The company has agreed to be more transparent about the environmental impact of its shale gas extraction practices amid shareholder pressure from New York City’s pension fund, among 13 others, which holds a billion-dollar...

Nasdaq Tumbles As Tech Stocks Sold Off

Nasdaq Tumbles As Tech Stocks Sold Off

The index dropped 2.6 percent to 4,127.73 Friday, its largest one-day plunge since June 2012. The drop was led by some of the market’s biggest tech firms, including Google, Yahoo and Facebook, all of...

Twitter Will Blow Up Your Feed With 15 Kinds Of Ads

Twitter Will Blow Up Your Feed With 15 Kinds Of Ads

The social media platform will introduce a variety of advertising formats in an effort to boost revenue and attract new advertisers Your Twitter feed will return after these brief messages. The Twitter is adding...

U.S. Unemployment Rate Unchanged at 6.7%

U.S. Unemployment Rate Unchanged at 6.7%

The Bureau of Labor Statistics reports the unemployment rate remained steady at 6.7%, unchanged from February, and that more than 190,000 new jobs were added in March, just under economists’ predictions of 200,000 The...

Stocks Close Higher as S&P Sets New Record

Stocks Close Higher as S&P Sets New Record

Stocks rise for the fourth-straight day Stocks closed on a high note Wednesday, marking the fourth consecutive trading day of rising values as the S&P 500 beat its all-time high. The Dow Jones Industrial...

5 Things You Need to Know About GM’s Recall Crisis

5 Things You Need to Know About GM’s Recall Crisis

Members of a House committee spent Tuesday grilling General Motors CEO Mary Barra and a federal safety regulator on why it took a decade to issue a recall for a defect linked to the...

The Stock Market on ‘Roids: Everything You Need to Know About High-Frequency Trading

The Stock Market on ‘Roids: Everything You Need to Know About High-Frequency Trading

Supercomputers and ultra-fast fiberoptic cables give high-speed stock traders a big advantage. But is it cheating? In March 2009, the internet cable company Spread Networks secretly constructed a high-speed fiber-optic cable from Chicago to...

FBI Investigating High-Frequency Trading

FBI Investigating High-Frequency Trading

The Federal Bureau of Investigation is looking into whether some Wall Street firms are manipulating the market to their advantage after Michael Lewis’ new book raised questions about the practice of algorithm-based high-speed trading...

High-Speed Trading Is Turning Wall Street Into a Casino

High-Speed Trading Is Turning Wall Street Into a Casino

Everyone is talking about Michael Lewis’ new book, Flash Boys: A Wall Street Revolt. The book basically calls into question whether high-speed trading, used by geeks and money men alike to front-run the market,...