Virtu Financial, the giant Wall Street high-frequency trading firm run by President-elect Donald Trump’s nominee for secretary of the Army, Vincent Viola, has a record of violating the rules of the U.S. Securities Exchange Act, the Nasdaq Stock Market, the New York Stock Exchange and other exchanges that extends back nearly as long as the firm has been in business, according to U.S. market regulatory filings reviewed by Newsweek.
How Credit Card Companies Prey on Millennials Leah McGrath GoodmanNewsweekAugust 18, 2016 When Kelly Dilworth applied for a Discover card in July, she was happy to learn that her spending limit was $13,000—a level most card companies don’t offer unless a...
In Oklahoma, a stone or brick home might save you from a tornado. But it might kill you if there’s an earthquake—and the Dills, who live in the one-story stone-and-mortar farmhouse with their five dogs, have been overwhelmed with quakes.
Wall Street May Be Panicking About the Swings in Oil Prices—But You Shouldn’t Leah McGrath GoodmanNewsweekFebruary 3, 2016 The headlines tell us that oil’s fall below $30 a barrel in January and loss of nearly 50 percent of its value in 2015 could spell...
Of all the rarefied niches on Wall Street, perhaps the most opaque and exclusive is the hedge fund industry, where traders are handed millions and even billions of dollars to invest on behalf of banks, endowments, pension funds and the superrich.
In December 10, Volkswagen Chairman Hans-Dieter Pötsch made a public admission: A group of the company’s engineers decided to cheat on emissions tests in 2005 because they couldn’t find a technical solution within the company’s “time frame and budget” to build diesel engines that would meet U.S. emissions standards. When the engineers did find a solution, he said, they chose to keep on cheating, rather than employ it.
