Wall Street

Bloomberg Reporters Used Shady Terminal Access To Spy on Finance Types

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…

Tech News Lily Hay Newman May 12

IBM’s Watson Supercomputer Is Cashing In on Wall Street

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 biggest financial corporations in the world.…

Tech News Kyle Wagner Mar 6

Is the stock market gambling? (1912)

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. It wasn’t until the Great Depression in the 1930s that gambling laws loosened, as gaming was seen by some as a way to stimulate the U.S. economy.…

Tech News Matt Novak Mar 6

Apple: iPhone 5 Rumors Hurt Sales

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. And yet it still got dinged for not selling enough iPhones. https://gizmodo.com/no-new-iphone-dinged-apples-earnings-this-summer-5851043 Apple’s iPhone remains the phone…

Tech News Mat Honan Oct 18

Take a Leak in a Replica Wall Street Power Toilet (in a Greek Diner)

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. The NYT’s Kevin Roose brings us “Power Toilet,” an art installation by the Danish collective SuperFlex. What…

Tech News Sam Biddle Sep 30

Yahoo (Accidentally?) Blocked Emails About the Occupy Wall Street Protests

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. Starting yesterday, several members of the Occupy Wall Street group reported…

Tech News Kyle Wagner Sep 20

Apple without Steve Jobs Scares the Shit out of Wall Street (Updated)

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. https://gizmodo.com/could-apple-be-the-worlds-most-valuable-company-without-5829284 After each dip, AAPL’s rebounded, climbing to today’s enormous price. But that price is already slipping in…

Tech News Sam Biddle Aug 24

The Galactic Empire Has Taken Over Wall Street

It seems that Wall Street is finally an official part of a dark empire. Or at least that’s the impression I’m getting from seeing Darth Vader himself ringing the opening bell at the New York Stock Exchange earlier. Wonder if that long awkward silence is because everyone’s trying to think of a non-obvious joke about…

Tech News Rosa Golijan Dec 22

DIY Stock Ticker Pumpkin is Truly Horrifying

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 5×7 LED matrix arrays. Why? Because this tiny pumpkin displays the most frightening face of them all—the twisted horror of a…

Tech News Sean Fallon Oct 30

12 Gadgety Trading Floors: Just in Time for Today’s Wall Street Crisis

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.…

Tech News Sean Fallon Sep 15

Motorola Chops Off Handset Division

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 the mismanaged company. Assuming the deal passes the usual legal and…

Tech News Wilson Rothman Mar 26

Washington, D.C., Wall St. Brought to Their Knees by CrackBerry Outage

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 Democratic Leader Dick Durbin of Illinois.…

Tech News Matt Buchanan Apr 18

Apple Rumor: 16GB Flash Based Video iPod

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. Maybe it’ll be midsized between the full and the Nano. Apple’s iPod roadmap said to list three new…

Tech News Brian Lam Dec 8

IPC IQ/MAX: Trader’s Friend

This thing is a big fancy phone for Wall Street traders designed by Frog Design. It has all kinds of crap all over it, as we can see here, but most interestingly is a quote by IPC’s CEO, Lance Boxer: The trading floor is one of the most high-octane and high stakes environments in business.…

Gadgets Johnb Mar 15

Bloomberg Reporters Used Shady Terminal Access To Spy on Finance Types

IBM’s Watson Supercomputer Is Cashing In on Wall Street

Is the stock market gambling? (1912)

Apple: iPhone 5 Rumors Hurt Sales

Take a Leak in a Replica Wall Street Power Toilet (in a Greek Diner)

Yahoo (Accidentally?) Blocked Emails About the Occupy Wall Street Protests

Apple without Steve Jobs Scares the Shit out of Wall Street (Updated)

The Galactic Empire Has Taken Over Wall Street

DIY Stock Ticker Pumpkin is Truly Horrifying

12 Gadgety Trading Floors: Just in Time for Today’s Wall Street Crisis

Motorola Chops Off Handset Division

Washington, D.C., Wall St. Brought to Their Knees by CrackBerry Outage

Apple Rumor: 16GB Flash Based Video iPod

IPC IQ/MAX: Trader’s Friend

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