All trading has halted on the New York Stock Exchange, and the NYSE would like everyone to know that it’s the result of an internal technical screwup and not a cyberattack.
A team of sophisticated hackers with insider trading ambitions has been targeting executives at over 100 organizations for over a year. While their hacking techniques aren't all that sophisticated, they appear to have a deep understanding of the investment banking industry.
Eventually, they could end up on your roof, beaming trading data across the sky: Lasers, originally developed by the military, that are now being co-opted by high-frequency traders looking for even faster ways to do business.
Just the other day, the New York Post outed Bloomberg reporters for monitoring Bloomberg terminals to track Wall Street traders' accounts. Now, the Financial Times has pointed out another egregious but unrelated security problem: apparently more than ten thousand confidential terminal records have been on the Internet
Trading on Wall Street is basically a huge game of poker and it would be kind of hard to bluff or cover your strategy if Bloomberg News reporters were watching your Bloomberg terminal to track your every move. So you'd assume that said reporters wouldn't abuse their corporate affiliation like that, because it would be…
A year ago, IBM's Watson supercomputer bludgeoned human supernerds Ken Jennings and Brad Rutter in Jeopardy. Since then, Watson's been putting its natural language interpretation skills to work for health care organizations, but now it's coming for the money: As of yesterday, Watson works for Citigroup, one of the…
Apple's earnings call began with new CEO Tim Cook offering homage to Steve Jobs. He went on to note it set new records, sold a fuckton of phones, tablets, and computers, and made a huge pile of money.
So what do Wall Street's captains of industry do when they're not repeatedly punching the global economy in the neck for their own thrill and gain? Taking dumps in lovely bathrooms like this one—recreated in a greasy diner.
Just how deeply is Steve Jobs intertwined with the existence and vitality of Apple? Every time concerns over the company's former-CEO have risen, Apple's stock took an appreciable tumble. Today's resignation news appears to be no different.
Intel is set to acquire venerable security firm McAfee for a whopping $7.7 billion. Intel claims the deal will lead to safer computing through security measures that integrate their hardware, rather than a strictly-software approach. [Business Insider]
Today Motorola said it would chew off its woefully underperforming Mobile Devices group in order to safeguard its healthier businesses—namely Broadband & Mobility Solutions, which includes network equipment, walkie-talkies and business products. This comes after famous Wall Street curmudgeon Carl Icahn laid seige to…
While we reported on the BlackBerry service outage (and subsequent magical restoration) earlier, what we didn't note was that it apparently threw Washington, D.C. into sheer chaos. Reuters was on the ground: "I felt like my left arm had been amputated," said Joe Shoemaker, communications director for Assistant Senate…
Wallstreet analyst, Daniel Amir, is claiming that Apple has a new flash based iPod in the works. This will not be "the" video iPod, but will at least be able to play video, a la the 5G.