Wall Street’s markets have been in full-fledged panic mode since yesterday morning. The Dow shed 1.3% on Tuesday, and dropped another 1% at the start of trading Wednesday. Presidential candidate Donald Trump was quoted as saying the potential fallout could ‘devastate’ the United States.
It’s all a reaction to a series...
On the surface, foreign currency trading looked like an ideal post-recession activity for “Too Big To Fail” banks.
The exchanges offered the possibility of considerable returns on investment, coupled with a low risk environment. Those two factors made the exchange market the perfect business venture for an industry reeling from...
If you tried to describe 2015 on Wall Street to this point, the best word might be ‘volatility.’ We’re not even at the end of July, and the Dow Jones Index has already fluctuated between positive and negative year-to-date numbers 21 times—an all-time record.
But as inconsistent as the American...
SOURCE: Technologyreview.com
The battle against fake news continues—but new features from Google and Facebook designed to help fight misinformation still firmly distance the companies from the thorny issue of choosing between real and fake content.
In the wake of the presidential election, Facebook came under heavy criticism for the proliferation of fake...
In less than two weeks on the job, the 114th United States Congress has taken major steps towards undoing one of the most important pieces of financial legislation this decade.
Rep. Mike Fitzpatrick (R-PA) is a member of the House Financial Services Committee. Last week, Rep. Fitzpatrick introduced a bill...
Last week, the United States celebrated the 80th anniversary of the ratification of the Social Security Act, the law that created one of the most important government programs in our country today.
The Act was a direct response to the economic disaster of the Great Depression. Unemployment surpassed 25%, forcing...
The long debate over conflicts of interest on Wall Street will reach its boiling point this week, when the Department of Labor (DOL) hosts numerous hearings over the proposed fiduciary rule.
All sessions will be conducted at DOL headquarters in Washington, D.C., and will feature numerous participants representing opposing sides...
The financial story of the summer has been trouble overseas—specifically, a debt crisis in Greece and a market crash in China.
But a story developing this week may have the greatest impact on United States markets and citizens.
As of Monday morning, Puerto Rico officially went into default when the island...
