Understanding and making money in the stock market is no easy task (especially given how nonsensical the ebbs and flows of a stock can be). But a recently released working paper suggests—not for the first time—that you could do pretty well for yourself by ignoring everything so-called experts say. It found that over…
If you’re like most people, you do not like Wall Street or the financial industry, which commanded a large amount of confidence among just 19 percent of Americans in a poll from last year—perhaps because they crashed the national economy nearly a decade ago and the vast majority of the recovery went to the already rich
We’re trusting robots with more and more these days: Our luggage, our meals—even our lives on the road. Why not add finances to the list? Bank of America is joining several other banks that want to do just that.
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.
One of the cryptozoology world's most polarizing figures, Tom Biscardi, is planning an IPO to help fund his ongoing search for Bigfoot.
You may have seen the amazing story today about the high school kid who made $72 million trading stocks. There were plenty of red flags in the original New York Magazine article. But now CNBC is reporting that the $72 million figure is totally bogus.
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…
In 1912 almost all forms of gambling were illegal in the United States. A handful of states allowed betting on horse races, but that was pretty much it.
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.
Wall Street has been a mess of bodies and police for the past few days as Occupy Wall Street protests have clogged up lower Manhattan. But there were some congestion problems online, too, as Yahoo was reportedly blocking emails attempting to organize the gathering.
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]
Wonder if that long awkward silence is because everyone's trying to think of a non-obvious joke about this whole thing. [Thanks, OMG! Ponies!]
A clever cutout may suffice to scare the kids, but if you want your pumpkin to scare adults, consider putting down the carving set and picking up a soldering iron and a couple of 5x7 LED matrix arrays. Why? Because this tiny pumpkin displays the most frightening face of them all—the twisted horror of a 401K plan…
As I'm sure you already know, the Dow dropped 500 points today on the news of a Lehman Brothers bankruptcy filing and a $50 billion stock buyout of Merrill Lynch by Bank of America Corp. This tag team of devastation sent stocks spiraling down in the worst tumble we have seen since the 9/11 attacks. Therefore, OObject…
