Sep 16 Federal Reserve reviews ethics policies after prolific trading uncovered By Christopher Rugaber, Associated Press The Federal Reserve is reviewing the ethics policies that cover the financial holdings of its senior officials in the wake of disclosures that two regional Fed presidents engaged in extensive trading last year. Continue reading
Jul 19 Stocks skid as investors fear virus surge will dent recovery By Stan Choe, Alex Veiga, Damian J. Troise, Associated Press Stocks skidded on Wall Street and investors sought refuge in government bonds amid worries that a surge in virus infections around the world will threaten the economic recovery. Continue reading
Jun 30 Robinhood pays $70 million to settle range of allegations By Stan Choe, Associated Press Robinhood Financial will pay a $57 million fine and return another $12.6 million to thousands of its customers to settle accusations of a wide range of supervisory failures. Continue reading
Apr 14 Watch 2:00 The rise and fall of ponzi scheme mastermind Bernie Madoff By Stephanie Sy, Patty Gorena Morales Former financier Bernie Madoff, who organized the largest fraud in wall street's history, died Wednesday. He swindled major charities, universities and celebrities out of billions, and was serving 150 years in prison. Stephanie Sy has our report about his rise… Continue watching
Feb 18 WATCH: Robinhood CEO Tenev defends actions in GameStop saga at hearing By Marcy Gordon, Alex Veiga, Associated Press The GameStop episode has been portrayed as a victory of the little guy over Wall Street titans, but not everyone is buying it. Lawmakers from both parties are among the skeptics. Continue reading
Feb 16 The ‘GameStop effect’ on Wall Street isn’t over By Stan Choe, Alex Veiga, Associated Press The tools smaller-pocketed investors employed can be used again and again, if those smaller investors stay connected on social media forums and if regulators don't change the rules to hinder them. Continue reading
Feb 03 Watch 7:04 How unconventional trading led to turmoil on Wall Street By Paul Solman, Lee Koromvokis In late January, a handful of unlikely Wall Street stocks began skyrocketing in value, which has led to big market volatility. The spike was driven by an unconventional group of traders who had banded together on a buying spree, determined… Continue watching
Feb 02 It’s not just GameStop worrying Wall Street about a market bubble By Stan Choe, Associated Press Wall Street was always quick to justify recent record heights, even as the pandemic took its toll on people's health and the economy. But some of the market's recent, huge moves have become more difficult to explain. Continue reading
Jan 29 GameStop soars, and Wall Street bends under the pressure By Stan Choe, Associated Press GameStop’s stock is back to the races Friday, and the overall U.S. market is down again, as the saga that’s captivated and confused Wall Street ramps up the drama. Continue reading
Jan 28 Brokerages limit trading in GameStop, sparking outcry By Alex Veiga, Associated Press GameStop stock has rocketed from below $20 to more than $400 this month as a volunteer army of investors on social media challenged big institutions who has placed market bets that the stock would fall. Continue reading