Best-selling author Michael Lewis told “60 Minutes” that super fast, computerized stock trading now controls more than half the market and raises the costs of stocks for everyday investors.
The bull had been penned in since September 2011, when police feared the sculpture would be targeted by Occupy Wall Street protesters. During one protest, demonstrators chanted, “Take the bull!”
For stock investors, February is starting out just as rough as January.
The Standard & Poor’s 500 index closed out its best year since 1997 on Tuesday as traders wrapped up a record-setting year.
Stocks have been rising sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its easy-money policies.
Irvington, N.J., is moving forward with plans to become the second municipality in the nation to use eminent domain to buy mortgages that are in foreclosure.
Drexel Hamilton was founded by a wounded Vietnam vet, Larry Doll. Its singular mission is to help returning veterans find meaningful careers.
On Sept. 17, 2011, protesters first began camping in Zuccotti Park near the New York Stock Exchange. The movement has splintered since New York City Mayor Michael Bloomberg evicted the protesters from the plaza in November 2012.
The men duped at least 150 people into spending $8 million on precious metals they did not own, Manhattan District Attorney Cy Vance said.
Mayor Michael Bloomberg said it’s “not very helpful” to New York City’s economy when Eliot Spitzer badmouths Wall Street while campaigning.
The stock market closed at a record high after Federal Reserve Chairman Ben Bernanke said the central bank would continue to support the U.S. economy.
There was no let-up in the flight from stocks and bonds Thursday as the Dow Jones industrial average plunged 353 points Thursday and wiped out almost two months of gains.
The Dow Jones industrial average crossed 15,000 for the first time, and the Standard and Poor’s 500 index, a broader market measure, rose above 1,600.
A 17-year-old boy was on the lam for hours Monday, after he escaped from police custody on Staten Island.
Wall Street cash bonuses for 2012 are expected to rise 8 percent to $20 billion, partly driven by deferred payments from prior years, New York’s state comptroller said Tuesday.