Japan’s Nikkei 225 Index climbed 2.9% to 9,626 and Hong Kong’s Hang Seng Index rose 1.4% to 24,877. In China the Shanghai Composite Index also advanced 1.4% to 3,129.
Continue reading Asian Markets Spike as Tra…
Bernanke & Co. are increasingly aware of the big impact that rising “animal spirits” (in Keynes’s words) can have on stocks and, in turn, the broader economy. Creating a self-fulfilling positive prophecy is the goal. Will it wo…
Bill Gates, founder of Microsoft Corp. (MSFT), sold 2 million shares in the company.
Gates sold the shares in the open market on Nov. 2 at an average price of $27.23, according to an SEC filing. The transaction left Gates with 618,973,551 shares in M…
Wall Street traders, usually among the best-paid employees in the industry, may see drastic cuts in their take-home pay, Bloomberg News said.
Revenue in trading divisions has fallen by an average of 12% so far this year. Goldman Sachs (GS), which mak…
Traders will no longer be able to make direct trades without broker supervision. As part of a series of changes after May’s “flash crash,” the U.S. Securities and Exchange Commission decided Wednesday to bar traders from having…