Senator buys (and drops) thousands in defense stock after pushing Trump for bigger military budget

A Republican senator who chairs the Senate Armed Services Committee bought thousands of dollars-worth of stock in arms manufacturer Raytheon after pushing the Trump administration to approve massive hikes in defense spending. Senator James Inhofe of Oklahoma purchased between $ 50,000 and $ 100,000 of Raytheon stock last Tuesday – just days after news broke […]

Trading in US stock futures had to be halted after violent moves, and markets are spooked

Drew Angerer/Getty Images An unusual move in US equity market futures this morning triggered a market intervention by CME Group, the world’s biggest futures exchange. CME had to halt trading for brief periods “to enter the market preventing even harder moves”. Traders are unsure what caused the move, which has left an extra bout of […]

Sheryl Sandberg reportedly wanted to know if George Soros, who publicly criticized Facebook, was shorting the company’s stock.

Facebook chief operating officer Sheryl Sandberg reportedly requested opposition research on billionaire George Soros. Sandberg reportedly wanted to know if Soros, who publicly criticized Facebook, was shorting the company’s stock. That news comes after it was revealed that Facebook had a relationship with the opposition-research firm, Definers Public Affairs. Definers has had ties to Republican […]

The ‘Fearless Girl’ statue is on the move to her new home in front of the New York Stock Exchange

The “Fearless Girl” statue, a symbol of female can-do business spirit, has been removed from her spot opposite Wall Street’s “Charging Bull.” The statue will move to a location in front of the New York Stock Exchange by the end of this year, said officials. State Street Global Advisors placed the statue opposite Wall Street’s […]

Stock exchanges find novel uses for blockchain

BLOCKCHAIN, THE technology underlying bitcoin and other cryptocurrencies, was designed with an ideological aim: to sidestep central authorities and governments. But many people have become intrigued by its practical uses, such as updating back-office processes. And few institutions have shown more interest in such applications than financial exchanges. Although stock trades are often made in […]

Tech’s biggest CEOs and founders lost $61 billion during the stock market’s plunge in October — here’s who got hit hard (FB, AMZN, AAPL, NFLX, GOOG, BIDU, BABA)

Photo by Drew Angerer/Getty Images October was a rough month for billionaires in the tech sector, who saw their net worth plummet as stocks took a hammering.  According to Bloomberg data, the CEOs and founders of the most popular tech companies “FAANG+BAT” lost $ 61 billion in October. The tech-heavy Nasdaq index plunged 9.2%, posting its worst […]

Goldman Sachs upgrades Ford — and says the stock could rise 30% (F)

David Ramos/Getty Goldman Sachs has upgraded Ford to ‘buy’ with a $ 12 price target.  Analyst David Tamberrino says a refreshed product line and cost improvement could lead to 30% gains. Ford jumped more than 6% following the upgrade — follow the stock live in real-time here.  Goldman Sachs has upgraded Ford to a buy […]

‘Black Monday’ Trailer Takes You Back to the Worst Stock Market Crash Wall Street History

Showtime is ready to take you back to 1987, where Wall Street saw the worst stock market crash in its history, with Black Monday. The new series looks a little like The Wolf of Wall Street Meets The Big Short: The TV Show, and that might just be enough to draw in a crowd. Watch the very […]