Stock Market

3:53pm

Wed April 2, 2014
Business

Traders Defend High-Speed Systems Against Charges Of Rigging

Originally published on Wed April 2, 2014 7:54 pm

"The stock market is rigged," says Michael Lewis, and high-frequency traders are to blame. But defenders of high-speed trading say it plays a legitimate role.
Paul Giamou iStockphoto

The FBI and the Securities and Exchange Commission revealed this week that they're both investigating the world of high-frequency stock trading. They did so at a time when a new book on the subject, Flash Boys by Michael Lewis, is causing an uproar on Wall Street.

To read Lewis' book is to be reminded of how drastically the stock market has changed in a decade — and how opaque it remains. Lewis says this opacity serves to cover up some disturbing developments.

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5:00am

Tue February 25, 2014
Agriculture

Playing The Markets, Learning To Manage Risk

Robbie Maass shows his mother, Leah, the Commodity Challenge game that is helping him understand market tools. Leah Maass says her farm could benefit from better use of the tools and she’s hoping Robbie will be able to learn how to put them to work for the family.
Credit Amy Mayer / Harvest Public Media

On a frigid winter day, Chad Hart tries to warm his economics students at Iowa State University to the idea of managing some of the risk of farming using the commodity markets. Because, as he told them on the first day of class, farmers don’t make money planting or harvesting crops; they make money selling them. And Hart knows that marketing—managing those sales for the best profit—can be intimidating.

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5:38am

Thu February 20, 2014
Planet Money

What It Was Like To Be A Wall Street Recruit After The Bailouts

Originally published on Thu February 20, 2014 8:05 am

John Angelillo UPI/Landov

Back in 2012, reporter Kevin Roose went undercover at a very exclusive party.

It was a dinner for a secret society, held once a year, at the St. Regis hotel in New York City. The secret society is called Kappa Beta Phi, and it's made up of current and former Wall Street executives — people like Michael Bloomberg, former heads of Lehman Brothers, Bear Stearns, Goldman Sachs. And every year the group holds a dinner to induct new people into the group — they're called neophytes.

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10:27am

Thu October 3, 2013
Business

Tesla's Stock Gets Burned After Car Fire And Downgrading

Originally published on Thu October 3, 2013 11:26 am

A Tesla Model S at the 2013 North American International Auto Show in Detroit on Jan. 15.
Stan Honda AFP/Getty Images

High-flying billionaire Elon Musk's Tesla Motors has seen its shares skid the past couple days because they've been downgraded by analysts and because of a YouTube clip showing one of the all-electric luxury cars engulfed in flames earlier this week.

Just before noon ET, a share of Tesla was trading around $169.50 — down about 6.5 percent for the day and $25 (13 percent) below its 52-week high of $194.50.

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12:28pm

Wed September 18, 2013
Business

Fed Says It Will Continue Stimulus; Markets Reach New Highs

Originally published on Wed September 18, 2013 4:28 pm

Federal Reserve Chairman Ben Bernanke speaks during a news conference at the Federal Reserve in Washington, D.C.
Mark Wilson Getty Images

The Federal Reserve said today that it is not slowing down its monthly purchase of $85 billion in bonds.

The program is intended to stimulate a sluggish economy and the Fed was widely expected to announce that in light of a recovering economy, it was tapering the bond-buying program. Instead, it delivered a surprise that caused the markets to jump, as the Dow and the S&P closed at record highs.

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