Columbia University Professor and Nobel laureate Joseph Stiglitz said high-frequency trading gives an unfair advantage to a select group of investors and could be taxed as a way to discourage the practice.
Early results of Afghanistan’s presidential election indicate there’ll be a runoff between Abdullah Abdullah and Ashraf Ghani Ahmadzai, which would further delay the signing of a pact to keep U.S. troops in the country.
In the sanctuary above an herbal tonic bar, before a seated Buddha and a pair of mandalas, 48 volunteers for congressional candidate Marianne Williamson close their eyes and meditate as Annelise Balfour, the manager and head facilitator of the Source Spiritual Center, intones a welcome prayer.
SAC Capital Advisors LP employees gathered in the hedge fund’s cafeteria on July 21, 2008, for a seminar by former Securities and Exchange Commission Chairman Harvey Pitt on compliance and how to prevent insider trading.
Nobel laureate Edmund Phelps was among a group of economists who called on China to refrain from introducing a stimulus package as pressure grows on the government to take steps to support economic growth.
There have been more earthquakes strong enough to be felt in Oklahoma this year than in all of 2013, overwhelming state officials who are trying to determine if the temblors are linked to oil and natural gas production.
More than two-thirds of the gauges on Janet Yellen’s labor-market dashboard are still showing worse readings than before the recession, reinforcing her belief that the economy will need “extraordinary support” from the Federal Reserve for “some time to come.”