Category

Wall Street

Wall Street

BNP Paribas Fine Breaks a Record

France's largest bank, BNP Paribas, will pay a fine of $8.8 billion for breaching U.S. sanctions on Iran and Sudan, making it the largest penalty in history for such a violation.

The BNP Paribas fine will settle a criminal investigation probe launched by the U.S. Treasury Department, the Department of Justice, the Manhattan District Attorney's Office and the New York Department of Financial Services.

Here's why the punishment is bigger than any before...

Fight Club: Shah battles "Dark Pools" apologist on NPR today

Today, Shah Gilani let some wicked punches fly, debunking the legitimacy of Wall Street's "Dark Pools" on NPR's popular talk show On Point.

As Shah himself said: "This is about how the market has been undermined and how it could collapse one day, literally, and trillions of dollars could be lost in a matter of days."

Stock Market Today

Financial News Today: Alibaba’s Under-The-Radar Investor

Financial news today, May 8, 2014: The Dow Jones Industrial Average jumped Wednesday after Fed Chair Janet Yellen told the Joint Economic Committee of Congress that the U.S. economy needed additional support to buffer the "considerable slack" in the labor market. Yellen also stressed risks in the housing market and rising geopolitical tensions.

This morning (Thursday), U.S. futures are flat on positive Chinese trade data and the anticipation of jobless claims.

Here’s what you need to know to make your Thursday profitable:

Stock Market Today

Wall Street News: 5 Things to Know Before the Market Opens

Wall Street news today, May 5, 2014: U.S. futures were in the red on Monday morning after new data indicated that Chinese manufacturing decreased for the fourth consecutive month in April. On Friday, all three major indices slipped after April's jobs report indicated erosions in the workforce participation rate.

Here’s the other news moving markets in the stock market today.

Wall Street

How the SEC Profits from High-Frequency Trading

"The markets are not rigged."

That's what U.S. Securities and Exchange Commission Chairwoman Mary Jo White told a House of Representatives panel on Tuesday.

She went on to say, "The U.S. markets are the strongest and most reliable in the world."

Of course she's right. The U.S. markets are the strongest and most reliable in the world.

But she's either blind or deluded if she doesn't know they are also rigged...

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