The SEC continued its crackdown against market-manipulating masterminds today, when it charged two New Jersey-based traders, 37-year-old Joseph Taub, of Clifton, and 21-year-old Elazar Shmalo of Passaic, with manipulating more than 2,000 stocks and reaping more than $26 million in profits from their successful trades.
"Customers Bancorp, Inc. the parent company of Customers Bank, today reported that the Company achieved a market capitalization of $1 billion on December 6, 2016. "Reaching a market capitalization of $1 billion is an important milestone for us," said Jay Sidhu, Chairman and CEO of Customers."
NYSE floor traders began chanting "lock her up!," as Clinton appeared on television screens around 11:35 am, when she urged her millions of disappointed supporters to accept the stunning defeat. "Ding-dong, the witch is dead," shouted another floor trader.
General Electric agreed to merge its oil and gas business with Baker Hughes, Inc., creating a publicly traded energy powerhouse that will have over $32 billion in revenue and would give GE a cost-effective way to play an energy industry rebound as the companies seek to bolster their operations amid a global slump in crude prices.
A fascinating study reveals that heavy rainfall literally adds to market liquidity, for one simple reason: it reduces the overall adverse influence of HFTs, predating market orders, and soaking up what little liquidity is left.
Chemistry professor, and infamous market observer Dave Collum, author of the encyclopedic 'Year in Reviews',senses "existential risk in the American Experiment." In an excellent interview with The Cornell Review, Collum opines on everything from 'safe spaces' to 'social unrest' warning "people are now mad, and it shows in the chaotic election. We are guaranteed to elect a president that half the populace finds repugnant...Change is in the air."
The physical holdings of Chinese gold ETFs have surged five-fold from 7 tonnes at the end of January, to 35 tonnes at end of August. The Huaán Yifu Gold ETF, which was holding 23 tonnes in August, entered the global top 15 list.
“...the only way gold loses is if normal business and private sector cycles come back. If that is the case, gold goes back $100 per ounce. The other outcomes: deflation, stagflation, hyperinflation are all good for gold.” As for a return to a gold standard, Shvets has more bad news: “Gold standards come back after the war, not before the war.”
At least 85 of 154 people who met or spoke to Clinton at State, donated to her family charity. Combined, the 85 donors contributed as much as $156 million. At least 40 donated more than $100,000 each, and 20 gave more than $1 million. Separately, she met with representatives of at least 16 foreign governments that donated as much as $170 million.
"When nervous investors buy VIX ETFs they actually push down the VIX, and confident investors who are short VIX ETFs encourage it to spike. Given that VIX measures often are used to guide the risk that algorithms can take, this seems very contradictory to me. I would use extreme caution when using the VIX as part of any investment process."
"This is typical of Hillary who represents the climax of arrogance and corruption among career politicians. These types of people have been getting away with this for so long that they cannot imagine running a government for any reason other than personal gain."