Most searched for car of 2017 revealed by Auto Trader – can you guess the top vehicle?

Taking the crown for the seventh consecutive year, leading used and new-car selling site Auto Trader, revealed the make attracted more than 40 million searches. But the VW Golf – which was the runner-up overall with 39.5million searches – proved to be the most popular petrol model.The Mercedes-Benz C-Class was the third most viewed model […]

A mystery trader keeps betting that the stock market will go crazy

Screenshot/YouTube A trader just rolled over a massive volatility bet that could pay out $ 260 million if all goes according to plan. The wager is on a large increase in the VIX, which serves as the stock market’s fear gauge and has been sitting near record low levels for months. The market’s foremost volatility […]

How Lyft’s John Zimmer went from sleeping on a couch and eating frozen Trader Joe’s meals to running a $7.5 billion company

Samantha Lee/Business Insider Mike Blake/Reuters John Zimmer is the cofounder and president of the ride-hailing service Lyft. Lyft was founded in 2012 and has faced a fierce competitor in Uber since the beginning. In the past year, Uber has come under fire for a series of missteps while Lyft has maintained its “nice guy” image. […]

The world’s biggest oil trader says US oil production will peak in 2018

Thomson Reuters The best is yet to come for US oil production—but it will be a short-lived hurrah, according to Ian Taylor, head of oil trading giant Vitol. US oil production has steadily increased throughout 2017 as US drillers regained their footing after the oil price crash. What started out at 8.946 million bpd of […]

Billionaire Steve Cohen has lost his top trader ahead of his supersize hedge fund launch

Steve Marcus/Reuters Billionaire Steve Cohen’s longtime top trader is leaving ahead of the hedge fund manager’s expected supersize return to managing outside money. Phil Villhauer is leaving Cohen’s family office, Point72, after working for Cohen since 2002, the New York Times reported earlier Tuesday, citing an internal memo. Villhauer got his start at Cohen’s SAC Capital, […]

The world’s biggest oil trader is questioning its own long-term prospects

Anthony Harvey/Getty Images for The New York Times Vitol’s chief executive, Ian Taylor, said he expected the shift to electric vehicles and non-fossil fuel sources of energy to shrink the oil industry. Speaking at an event in London, the executive said crude oil demand could peak some time around 2028-2030. Vitol is responsible for the […]

Whole Foods is cutting prices — and it’s hitting Trader Joe’s hard (AMZN)

AP Amazon’s acquisition of Whole Foods is rocking the grocery industry.  As soon as the e-commerce giant’s $ 13.7 billion acquisition of Whole Foods formally went through in August, the changes began, from cutting costs to internal restructuring.  According to a report by alternative data intelligence firm Thasos Group, which analyzed mobile phone location data, Whole Foods’ foot traffic […]

A top Goldman Sachs exec explains the skills you need to make it as a stock trader

www.empireonline.com Young aspiring traders might want to couple their Finance 101 textbook with one on coding if they want to make on the Street. The evolution of trading has made skills in STEM, an acronym standing for science, technology, engineering, and mathematics, just as important as an understanding of economics, according to Paul Russo, global […]

Trader allegedly paid Amazon employee and frat bro $10,000 to steal earnings results in $1.7 million insider trading scam (AMZN)

Blazquez Dominguez/Getty It’s a bad idea to engage in insider trading. An even worse idea is going on social media to brag about the nonpublic information you have obtained. That’s what the Securities and Exchange Commission alleged Maziar Rezakhani did after paying an Amazon employee $ 10,000 cash for early access to the company’s earnings results. […]