What Shaped the Stock Market’s $3 Trillion Trauma

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Want a nifty narrative? There Before the Machine, Human Emotions Set the Stage for a SelloffAssets Shift But No’ All Clear’ to Buy Dip, BofA Survey SaysMarkets Face a New Paradigm. Get Employed to It: Steven EnglanderHow Does the World End? Stock Marketplace After a Psychological Peak What happens now? The S& P 500 just […]

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Steven Cohen’s Point72 Is Accused of Sexism in Workplace

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Just as billionaire Steven Cohen stages a comeback as a hedge fund manager, a current work litigated his Point7 2 Asset Management accusing it of discriminating against women and promoting a culture of sexism. Lauren Bonner, an associate director at the firm, too accused President Doug Haynes of using an improper term on a grey […]

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Global Stock Slump Continues; China Gets Hit Hard: Markets Wrap

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The sell-off in global inventories that briefly looked to have ended mid-week has come back, tip-off sells from the U.S. to Asia into declines exceeding 10 percent from their January high-flowns. China, where retail investors dominate, got hit especially hard Friday. Equity brokers have yet to get comfy with a jump up in standard U.S. […]

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Cryptocurrencies Are Like Ponzi Schemes, World Bank Chief Says

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The head of the World Bank likened cryptocurrencies to” Ponzi programmes ,” the most recent business utter to raise questions about the legitimacy of digital currencies such as Bitcoin. ” In periods of using Bitcoin or some of the cryptocurrencies, we are also looking at it, but I’m told the vast majority of cryptocurrencies are […]

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What on Earth Happened to Stocks? Here’s Where to Cast the Blame

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Not widely accepted, but arguably overdue? The sharp-witted sell-off in stocks that started last week and gathered steam this week shortfall a particular trigger — wage amplifications are picking up — potentially improving inflation. Blended with a changing of the ward in Fed leadership, everything there is raised the question of whether surely policy makers […]

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This Tiny Hedge Fund Just Made 8,600% On a Vix Bet

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Not everyone get humiliated when the market collapsed. For merchants at a little-known Denver hedge fund who investigated it coming, it was the score of a lifetime — a $17.5 million payday on a $200,000 bet. ” Beings were laughing at us, saying this could never happen, this should never happen ,” Justin Borus, the […]

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Inside Wall Street’s $8 Billion VIX Time Bomb

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It was the hot swap on Wall st., a seemingly sure thing that lulled everyone from hedge fund management to small-time investors. Now newfangled investments linked to volatility in the stock market — until only a few years ago, obscure niche commodities — have explosion in spectacular pattern. The shock wave have only just begun. […]

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Wells Fargo Hit With Rare Growth Ban in Yellen’s Final Act

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After markets shut on her final workday in department, Federal Reserve Chair Janet Yellen handed a punch to one of the nation’s largest banks: Wells Fargo& Co . won’t be allowed to grow until it empties up. Fed bureaucrats said the San Francisco-based lender’s blueprint of shopper abuses and compliance missteps called for an unprecedented […]

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What’s a Ping Pool? A VIP Lounge for Dark Trading

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There are casinoes that greet everyone, by the busload. Then there are casinoes the hell is by summon exclusively, designed for big rollers. In world markets, stock exchanges are the first style. Ping pools are the second. And like anything else with a velvet line, they’re making intense affair among the persons left outside. 1. […]

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