Friday, September 21, 2012
In Olympic track and field, a tenth of a second can mean the difference between the gold and the silver. But on Wall Street, mere milliseconds separate the winners from the losers. WNYC’s Money Talking explains “high-frequency trading” and what it means for average investors and the market.
Wednesday, August 15, 2012
When they do, the markets could be overwhelmed with a deluge of Facebook shares. Henry Blodget, CEO and editor-in-chief of Business Insider, explains what's in store.
Friday, August 03, 2012
A massive trading glitch at the New York Stock Exchange this week may cost Wall Street brokerage and market maker Knight Capital as much as $440 million. Nathaniel Popper from our partner the New York Times joins us to discuss the scary event for investors.
Friday, August 03, 2012
This week a technical glitch in electronic trading sent the stocks of nearly 150 companies, like Bank of America and GE, on a wild ride.
It was the latest in a string of stock market snafus, including NASDAQ's botched Facebook IPO in May and the "flash crash" of 2010 when the Dow Jones Industrial Average plunged 600 points only to recover minutes later.
Friday, August 03, 2012
By Charlie Herman : Business and Economics Editor
There’s a lot of hand wringing going on over the stability of financial markets after a wild morning of trading this week.
Wednesday, August 01, 2012
There is an 82 percent accuracy rate when the S&P stocks rise in an election year, the incumbent President wins, and if prices fall he will lose. Charlie Herman, business and economics editor for WNYC, joins the show to discuss how market numbers seem to influence voters.
Tuesday, May 22, 2012
To many Facebook shareholders, yesterday was likely another dispiriting day. Shares only dropped further below its $38 IPO price, leaving many to wonder about its early valuation and the tact of Morgan Stanley's aggressive push, and many others wondering if they made an unwise investment. CEO and editor-in-chief of Business Insider Henry Blodget was on The Takeaway before Facebook's NASDAQ debut, and he returns to assess his speculations, and what this means for the company and its investors.
Monday, April 30, 2012
By Ilya Marritz
Facebook is the most anticipated IPO in years. Soon anyone will be able to buy shares of the social networking giant on the Nasdaq exchange. But some investors have already been purchasing pieces of Facebook ― and many other hot stocks ― on private exchanges. These exchanges are lightly-regulated, and they are poised to grow, thanks to recent changes in securities laws.
Monday, December 12, 2011
Stocks fell after two ratings agencies raised doubts about the fiscal plan hatched last week that aimed to end Europe’s debt crisis.
Tuesday, November 29, 2011
A federal judge rejected a $285 million settlement between Citigroup and the Securities and Exchange Commission, objecting to the practice of allowing banks to settle fraud cases without admitting guilt. Citi may now face a trial over the sale of toxic mortgages which cost investors millions but made the bank profit. The judge said the public has a right to "the transparency of financial markets whose gyrations have so depressed our economy and debilitated our lives."
Monday, November 21, 2011
Stocks tumbled and the Dow Jones industrial average fell into negative territory for the year as the congressional supercommittee tasked to come up with a deal to cut the federal deficit failed to reach agreement.
Thursday, November 17, 2011
Congressional approval in the U.S. is at embarrassingly low levels. A recent New York Times/CBS News poll found Americans' approval of Congress in the single digits. And a story that aired on "60 Minutes" last weekend is not likely to improve Congress's standing with the public. Insider trading is a crime in the U.S., but the laws that apply to most Americans do not apply to their lawmakers. According to the report, powerful members of Congress and their staffs have used their knowledge of privileged information to make vast sums of money in the stock market.
Monday, November 14, 2011
Billionaire investor Warren Buffett announced on CNBC Monday morning that his Berkshire Hathaway holding company has bought $10.7 billion of stock in IBM. Buffett said the company began investing in March, and now owns 64 million share of IBM, or 5.5 percent of the computer and technology company. The buy is a bit of a shift for Buffett, who has in the past avoided purchasing tech stocks. Erik Holm of The Wall Street Journal reports on the latest.
Monday, September 12, 2011
Economists are predicting yet another week of drama in the Global financial markets. European leaders continue to disagree on the best way to handle the sovereign debt crisis and bail out Greece and other countries needing financial assistance. Meanwhile in the U.S., President Obama hopes his new jobs act will set the economy on a path to recovery — if Congress passes it. All this uncertainty in the political arena does nothing to help steady the markets, which continue to be extremely erratic. The month of August saw stocks in the Standard & Poor’s 500 index lurching hundreds of points within individual days and making huge swings in the course of a week.
Friday, August 19, 2011
Stocks plummeted yesterday, with the Dow Jones Industrial Average falling more than 400 points and Standard & Poor’s 500-stock index closing down 53.24 points, at 1,140.65. The day was just the latest in a series of wild swings in financial markets in recent weeks. What's causing the severe fluctuations? We're taking a look at how "robot traders" — computers that are programmed to automatically buy or sell stocks based on a set of criteria — affect the markets. Could market woes be tied not to human worry, but to machine worry?
Thursday, August 11, 2011
It's been a week of ups and downs for the U.S. markets, which ended at 600 points down on Monday, rose Tuesday, and took another nose dive yesterday. But those numbers only tell half of the story. All week long, experts like our economics editor, Charlie Herman, have reminded our listeners that a cursory glance at the markets is not a direct indicator of our economic well-being. If we shouldn't be worrying about the perpetual stock market roller coaster, which numbers should we be watching instead?
Tuesday, August 09, 2011
Stock markets went into a free-fall yesterday, witnessing drops reminiscent of the great economic collapse of 2008 that the world has still yet to recover from. The S&P 500 saw all of its stock fall and the Dow Jones industrials fell 634.76 points, the sixth worst drop in over a century. How informative is the S&P downgrade? What can we take from their assessment of Washington?
Tuesday, August 09, 2011
How closely tied are the financial markets to the economy at large? In reaction to the country’s credit rating downgrade on Friday the markets had their worst day since the 2008 financial crisis yesterday as the Dow Jones dropped about 635 points and the Nasdaq was down 175. But do these numbers affect our country’s ability to create jobs? Do they have any meaningful relationship to consumer confidence, the arguable engine of our economy?