Investors Swarm into Stock ETFs Amid "Fiscal Cliff" Hopes—Lipper
Investors in U.S.-based
funds have pumped the most new money into stock exchange-traded
funds since mid-September, while adding to bond funds amid
growing optimism U.S. lawmakers will avoid the looming "fiscal
cliff" of tax hikes and spending cuts.
Data from Thomson Reuters' Lipper service showed on Thursday
that Stock ETFs raked in $7.66 billion in new investor cash in
the week ended Nov. 28, the most money since the week the U.S.
Federal Reserve announced its extended stimulus plan.
Goldman Sachs Boosts Rating on RIM, Shares Surge
Research In Motion
received a big boost on Thursday after Goldman Sachs
raised its rating on the company, sending shares of the
BlackBerry maker soaring more than 12 percent in trading before
the morning bell.
Short Sellers Target Hard Hit Europe Tech Stocks
Hedge funds are increasingly
betting against European tech shares, targeting companies hit
hard by a sluggish global economic outlook and those struggling
with stiff competition in the mobile business.
Protecting Your Trading Desk From the Next Tech-Driven Crash
After several technology incidents and mini-flash crashes pointing out the risks inherent in computerized trading, institutional traders and sell side desks are examining how they can protect their orders from getting caught up in the next debacle.
Technology Fragility Threatens Markets
Despite disaster recovery and business continuity plans that were implemented after Sept. 11 and then enhanced following the Northeast blackout in 2003, Hurricane Sandy has upped the DR/BC bar once again.
Facebook Stock Soars As Share Lockup Ends
Shares of Facebook Inc jumped as much as 11.2 percent on Wednesday, even as the biggest block of shares held by insiders became eligible for sale for the first time since the social media company's disappointing debut in May.
SEC Left Computers Vulnerable to Cyber Attacks
Staffers at the U.S.
Securities and Exchange Commission failed to encrypt some of
their computers containing highly sensitive information from
stock exchanges, leaving the data vulnerable to cyber attacks,
according to people familiar with the matter.
7 Wall Street Institutions Slammed By Hurricane Sandy
As Hurricane Sandy battered the North East leaving a trail of death and destruction in New York and New Jersey, Wall Street banks suffered varying degrees of damage. We take a look at seven financial institutions that were slammed by Sandy.