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Financial Markets

WNYC News

Future of the New York Stock Exchange May Hinge on Its Past

Friday, December 21, 2012

The New York Stock Exchange is more than just a place where stocks are bought and sold: it’s the symbol of American capitalism. 

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The Takeaway

Bad Behavior Continues for the Banking Industry

Friday, July 06, 2012

Ever since the 2008 financial crisis, we've heard story after story about bad behavior in the financial industry. In the most recent, bankers at Barclays were found to have rigged Libor, the London-based lending rate that is used throughout the world. The scandal led to the resignation of the former CEO of Barclays, Bob Diamond.

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The Takeaway

Global Markets Rally On News From Europe

Friday, October 28, 2011

Markets around the world rallied on the news that European leaders had reached an agreement to solve the Euro zone debt crisis. The Dow Jones ended the day up 339 points and stocks appear headed for their best month since 1974. Was this the equivalent of Europe avoiding a Lehman Brothers-type disaster, or was yesterday just the latest in a series of dramatic rallies followed by steep declines that we've seen in this year's up and down market?

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The Takeaway

The Changing Nature of Economic Retreats

Friday, August 26, 2011

Many eyes are on Jackson Hole, Wyoming today, as the markets wait on remarks from Federal Reserve Chairman Ben Bernanke. It was at last year's Fed Symposium that Bernanke laid the groundwork for the Fed to buy $600 billion in treasury bonds to stimulate the deflating economy. Many are hoping that this year, the Fed will unveil another economy-boosting plan. Conferences like the Fed retreat at Jackson Hole or Davos weren't always considered backdrops for major policy announcements. When did this change? And why?

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