Decades of the government helping the rich are coming home to roost.
For years, despite its devilish reputation, Monsanto has been the darling of Wall Street, but that's about to change!
The politics of recession and recovery dominate discussions about the British economy. Every new set of figures published or set-piece moment like the budget sparks another debate on whether the UK has
Newsmax.com reports todays news headlines, live news stream, news videos from Americans and global readers seeking the latest in current events, politics, U.S., world news, health, finance, science, technology reports, republican, democrat, libertarian
Keep those souvenirs, kids (Reuters)
Sono contento che oggi sia crollato l'oro. Il tonfo è stato dell'8%, con un ritorno ai prezzi del febbraio 2011, intorno ai 1.360 dollari l'oncia. E pensare che solo due settimane fa Graham Tuckwell, presidente di Etf Securities, il primo a lanciare un Etf su oro fisico dieci anni fa, aveva detto che l'oro segnerà
Computer algorithms swap thousands of stocks each instant-and could set off a financial meltdown.
2012/09/20: Industry pros-who reported out-of-control computer algorithms and an emphasis on speed over safety-actually wish high frequency trading was more regulated, a new study says.
"With the chance of an order passing though controls at so many levels, how can things go wrong?" Clark asked in her analysis. "One possibility Chicago Fed researchers found is that most of the trading firms interviewed that build their own trading systems apply fewer pre-trade checks to some trading strategies than others. Trading firms explained that they do this in order to reduce latency."
Latency is the time it takes to place an order to an exchange and have it confirmed. Making that process go as quickly as possible is at the heart of HFT.
The firms develop algorithms to speed the trades, but survey respondents reported the "algos," as they are more commonly referred, can run amok.
To address malfunctions, some firms said they fix bad algos simply by "tweaking old code" and putting new algos back into production "in a matter of minutes." One firm, though, said it had an out-of-control algo caused by a software bug inserted when it tried to fix an initial bad algo.
In language that is more in keeping with hackers and crime syndicates, the Financial Times reported last week that the FBI was going to assist securities regulators in the US to tackle "dark pools" and
Yes, the Dow Jones industrial average has been setting new records this week, but the message from the markets is actually not a happy one.
If it weren't for those meddling kids!" That was the punch line for every Scooby Doo episode. It also is the overly simple narrative that many in the media have spun about the last financial crisis. Smart meddling kids armed with math hoodwinked us all.
The most important showdown between China and the United States isn't happening in the Pacific. It's happening at the SEC.