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Wall street News

Cisco's revenue declined for seven quarters — is it rebound time?

Cisco posted a seventh consecutive quarter of declining revenue this week, but many analysts are looking past the the losing streak and pointing to the first signs of a comeback.

Amazon misses Wall Street expectations by a mile

Amazon's second-quarter report fell well short of Wall Street's expectations. The company's earnings missed analysts' forecasts by more than a dollar a share. It also offered a disappointing outlook for the third quarter.

A Wall Street legend is backing a bitcoin trading startup

Wall Street investors have been slow to embrace bitcoin, even as the cryptocurrency has soared. John Mack, the former CEO of Morgan Stanley who led the bank through the doldrums of the financial crisis, wants to change that.

$2.5 trillion asset manager is behind the Wall Street girl statue

The world's third-largest asset manager installed a bronze statue of a defiant girl in front of Wall Street's iconic charging bull statue on Tuesday morning as part of its new campaign to pressure companies to add more women to their boards.

Op-Ed: UK Tories prove their insanity with jailing of journalists law

London - Proposed Tory laws which permit jailing of journalists for publishing leaks would never be allowed in Europe. This ability to enact Fascist laws might be the real reason for Brexit.

App to send alerts when Donald Trump tweets about stocks you own

When President-elect Donald Trump tweets about a public company, the market listens. And if you hold the stock of one of the companies that has come into Trump's crosshairs, finance app Trigger thinks you'll want to know about it.

Op-Ed: Trump the populist looks to be Santa Claus for Wall Street

Washington - Trump's campaign was in partly based on anti-establishment populism, including opposition to lobbyists and to the power of Wall Street. Much media attention has been focused on Trump's misogyny, racism and negative attitudes towards Muslims.

Op-Ed: Before the deluge: The economic picture

The third quarter was ugly for stocks, but there were a few winners. More than 3 dozen companies in the S&P 500 posted double digit gains for the quarter.

Wall Street culture breeds dishonesty among bankers, study finds

A new scientific study conducted by Swiss researchers reveals that the banking industry fosters cheating and dishonest behavior among bankers.

Op-Ed: The GFC, Wall Street vermin and how corruption is the norm

Washington D.c. - You’ll know some of the story about the Great Financial Crisis. The shoddy subprime mortgages, the “too big to fail” clichés, etc. are now part of history. What you may not know is that Washington actively supported massive criminal fraud.

JP Morgan the victim of an 8-week long cyber attack

New York - This summer's hackers discovered a way into the servers of mega-bank JP Morgan Chase, exposing the backdoor vulnerability to access copious amounts of customer and company data.

Op-Ed: Bernie Madoff's crimes still reverberating

New York - Bernie Madoff's former attorney. Paul Konisberg, pleads guilty to security fraud — reminding us of a decade fraught with lies.

Op-Ed: Wall Street and the great pension fund heist of the 21st Century

We don't give Wall Street interests nearly enough credit for stealing public money to finance their gambling habits. They've been lusting after public monies for years, and now they're having their way with pension funds. Big time.

Op-Ed: Nothing stands forever — Happy 2nd birthday, Occupy Wall Street

New York - Nothing stands forever. Not even Wall Street, or the dominion of their puppets in Washington D.C. History is very instructive on this point. There is always a beginning, a middle, and an end. A time of reign. The inevitable fall. New beginnings.

Op-Ed: Bitcoin ETF draws skepticism from Wall Street

Will financial markets be receptive to a bitcoin exchange-traded product? Apparently, there are a lot of skeptics on Wall Street.

UK Government backs law to jail reckless bankers

London - The UK Government gave its backing yesterday to a proposed law which would create a new criminal offence of reckless misconduct by senior bankers. Sanctions against those found guilty of reckless banking could include a prison term.

Citigroup lobbyists help write bill to deregulate Wall Street

Washington - Lobbyists for one of Wall Street's biggest financial firms helped draft legislation exempting banks from new regulations and allowing them to engage in riskier trades.

Apple confirms new products launching this fall

Soon, the relentless criticisms asserting that Apple has forgotten how to innovate may very well die down. That's according to Apple CEO Tim Cook.

Op-Ed: You are Uninsured — Thanks to Obamacare, Americans Will Die

You thought Obamacare meant you could get treated by doctors? Boy, they really had you fooled - unless you are one of the lucky ones who can get insurance before death.

Cloud computing wave takes over Wall Street firms

New York - It seems even Wall Street is heading to the Cloud. No longer are individuals, small businesses and organizations using cloud storage, but various Wall Street firms are adopting cloud computing practices as well.

Senator-Elect Warren tapped to be in Senate Banking Committee

Senator-Elect Elizabeth Warren, who defeated GOP incumbent Scott Brown in the Massachusetts US Senate Race, is being tapped to be part of the Senate Banking Committee.

Video: Occupy Wall Street to launch 'Rolling Jubilee'

Movements of Occupy Wall Street (OWS) have banded together to create "Strike Debt." Through Strike Debt, an initiative called "Rolling Jubilee" has been created with a simple goal: buy up debt and forgive it.

Hurricane Sandy's impact felt on Wall Street

New York - For the first time in nearly 3 decades, the New York Stock Exchange (NYSE) will close its trading floor tomorrow because of weather.

Barclays acquires ING Direct

UK banking giant Barclays PLC has agreed to acquire the mortgages and deposits of ING Direct UK. Financial terms of the deal were undisclosed

Op-Ed: Is American conservatism a type of autism?

Washington - Autism is described as a medical condition whereby people are self-centred, uncommunicative and at a remove from their social environment. There are many different types of autism and degrees of it. A type of “social autism” is also quite possible.

Mass arrests as OWS celebrates 1 year anniversary (videos)

New York - Over 180 protesters were arrested and photographers abused as Occupy Wall Street took over the Financial District of New York yelling, 'Banks got bailed out, we got sold out.'

Videos: Occupy Wall Street celebrates one-year anniversary

New York - Today marks the first anniversary of the Occupy Wall Street movement. They are out and about in the Wall Street area today.

Multiple arrests at Occupy Wall Street gathering (video)

New York - As OWS members gathered on Saturday, ready for Monday's anniversary march in Wall Street, police swooped in and arrested 25 protesters.

Op-Ed: Joining the one per cent. Wall Street fights back

Toronto - While the Occupy Wall Street movement has almost disappeared from the media scene one enterprising brokerage company has kept memories of the movement alive by an ad that encourages clients to join the one per cent.

Op-Ed: China pulling its companies out of U.S. stock market

Beijing - Several Chinese companies are withdrawing from the U.S. stock market with loans financed by China Development Bank (CDB).
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A protester at the Occupy Wall Street event
A protester at the Occupy Wall Street event
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Occupy Wall Street Protest: New York Financial District
Occupy Wall Street Protest: New York Financial District
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Lower Manhattan  New York City.
Lower Manhattan, New York City.
Daniele Pieroni
Occupy Wall Street 17 March 2012
Occupy Wall Street 17 March 2012
OWS
Occupy Wall Street Protest: New York Financial District  September 26  2011
Occupy Wall Street Protest: New York Financial District, September 26, 2011
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The NYSE trading floor.
The NYSE trading floor.
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The American Flag on Wall Street
The American Flag on Wall Street
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Twisted Wall Street.
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Wall Street
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A new statue of a defiant girl faces down the Wall Street bull.
A new statue of a defiant girl faces down the Wall Street bull.
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Wall Street subway station
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OWS participating in Global Noise  October 13  2012.
OWS participating in Global Noise, October 13, 2012.
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Occupy Wall Street
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Traders work on the floor of the New York Stock Exchange on January 27  2014 in New York City
Traders work on the floor of the New York Stock Exchange on January 27, 2014 in New York City
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Shale producers and their technology are teming up with Wall Street investors to increase oil and ga...
Shale producers and their technology are teming up with Wall Street investors to increase oil and gas production.
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