Each time a hot new Apple product appears, it causes a ripple effect in the marketplace, with a flurry of consumers buying, …
trading
Big Banks Accused of Manipulating Key Interest Rates
Just what banking industry needs – another scandal. The Wall Street Journal reported this morning that Canada’s Competition Bureau is investigating several multinational banks regarding allegations that traders attempted to manipulate a key benchmark interest rate that is used to set prices on a wide array of financial products from …
No Snow, No Problem: How Wall Street Profits from Weird Weather
Never discount Wall Street’s ability to turn the most basic parts of life into profits. Mother nature is the latest money spinner for financial firms. Despite the recent Northeast snowstorm, the unseasonably warm winter, and in …
Price of Orange Juice Futures Soars—Will OJ Prices at the Supermarket Do the Same?
First, it was coffee prices spiking last spring. Then, over the summer, the cost of bacon surged. Now, the price of another breakfast staple—orange juice—could suddenly be heading northward.
Why Financial Reform Hasn’t Stopped Rogue Traders
After the financial crisis, regulators and politicians said they were going to rewrite the rules to ensure that big banks don’t end up with huge losses that put a country’s and indeed the world’s financial system at risk. Allowing the big banks to make big bets was out. And yet, here we go again. On Friday, U.K. authorities charged …
