Rich and poor Americans are slowly but surely staking out separate lives. Increasingly, they have been moving to different communities, and more and more they are also marrying people of similar income and educational backgrounds. This is a phenomenon social scientists call assortative mating.
A painting of the New York Stock Exchange in its heyday, depicting men buzzing around trading posts, hangs in the Jersey City office of William O’Brien. An inheritance from his father, it represents a way of life the Direct Edge Holdings LLC chief executive officer has spent a career helping to dismantle.
Colleen Brady never had much interest in owning stocks until she received an e-mail offering the chance to buy shares last month in the initial public offering of movie-theater owner AMC Entertainment Holdings Inc.
New York Jets linebackers coach Brian VanGorder was hired as defensive coordinator at the University of Notre Dame, the role he previously held with the Atlanta Falcons and at the University of Georgia.
Regulators could stem the migration of U.S. equity trading to dark pools by coordinating a cut in trading fees, an action exchanges are unlikely to take on their own, according to one of the biggest high-frequency firms.