Trading Tips & News

Nasdaq May Be on the Hook for Facebook Trading GlitchesArticle from Fox Business:Trading snafus at the Nasdaq stock market during last Friday’s initial public offering for Facebook (FB) may end up costing the exchange more than its reputation, the FOX Business Network has learned.
Angry traders and investors are bombarding Nasdaq officials with demands that the exchange make good on losses they say were incurred during the messy execution of the Facebook IPO, where Nasdaq systems essentially broke down and failed to execute buy and sell orders for the stock [...] Continue Reading…

Is Insider Trading Part of the Fabric?Article from New York Times:EVEN before the news was official, it filtered out — unofficially — to Wall Street.

Times Topic: Insider Trading

Peter DaSilva for The New York Times
Ted Parmigiani, an analyst at the former Lehman Brothers, spent two and a half years giving the S.E.C. information about what he contended was insider trading at the firm. But the S.E.C. ultimately decided against filing a case.

New York Times
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Obama, citing JPMorgan Chase trading loss, says it’s time [...] Continue Reading…

Facebook trading debut disappoints investorsArticle from Los Angeles Times:NEW YORK — First it popped, then it flopped.Facebook Inc.’s much-hyped debut on Wall Street was an event watched around the world. The social network’s initial public offering valued it at $ 104 billion — more than market stalwarts such as McDonald’s Corp. and Amazon.com Inc.The opening Friday seemed as if Facebook was destined for a big market surge, and the stock vaulted for a split second to $ 45. Then the surge evaporated and shares fell back to [...] Continue Reading…

CANADA STOCKS-TSX set to open higher, helped by gold minersArticle from Reuters:

Fri May 18, 2012 9:04am EDT

May 18 (Reuters) – Gold miners look set to help lead Canada’s resource heavy main stock index higher at the open on Friday, as the precious metal surged for two consecutive sessions, though growing worries over developments in the euro zone may cast a shadow on possible gains.

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* World shares slid and German borrowing costs hit record lows on Friday as a deepening Spanish banking crisis, uncertainty about Greece’s future in the [...] Continue Reading…

CANADA STOCKS-TSX shrugs off US, Europe worriesArticle from Reuters:

Thu May 17, 2012 5:05pm EDT

* TSX ends up 4.6 pts, or 0.04 pct, at 11,330.68
* Gold miners lead gains; financials fall
* Weak U.S. data boosts hopes of further Fed stimulus
* Greek, Spain bank woes weigh on market

By Jon Cook
TORONTO, May 17 (Reuters) – Canadian stocks ended a
four-session slide on Thursday, eking out a modest gain, as a
strong performance from [...] Continue Reading…

US STOCKS-Europe drags down Wall Street a fourth dayArticle from Reuters:

Wed May 16, 2012 4:40pm EDT

* Trading volatile after news on Greek banks, ECB

* Fed minutes leave open stimulus possibility

* US housing, production data point to recovering economy

* Indexes off: Dow 0.3 pct, S&P 0.4 pct, Nasdaq off 0.7 pct

By Chuck Mikolajczak

NEW YORK, May 16 (Reuters) – U.S. stocks closed lower in a choppy session on Wednesday, with the S&P 500 logging its fourth straight decline as investors worried about Greece’s future as a member of the euro zone.

Early [...] Continue Reading…

World stocks fall amid political turmoil in GreeceArticle from The Associated Press:World stocks fall amid political turmoil in Greece
By PAMELA SAMPSON, AP Business Writer – 23 minutes ago 
BANGKOK (AP) — World stocks dived Wednesday after a failure by Greece’s political leaders to form a coalition government set the stage for new elections next month, keeping Europe’s debt crisis center stage.
The turmoil in Greece sent European shares lower in early trading. Britain’s FTSE 100 fell 0.9 percent to 5,388.93 and Germany’s DAX slid 1 percent to 6,335.93. France’s [...] Continue Reading…

US stocks higher while Europe takes a hit on Greek failureArticle from USA TODAY:

By CARLO PIOVANO, Associated Press
Updated

LONDON – European stock markets fell Tuesday on the news that coalition government talks in Greece have failed after nine days, meaning the country is heading for another election next month.

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The worry is that the next round may lead to the triumph of parties that want to scrap the country’s bailout agreements with international creditors, which would put Greece’s membership in the euro currency bloc in jeopardy.
The left-wing Syriza party, [...] Continue Reading…

Stocks, euro drop as deadlock continues in GreeceArticle from BusinessWeek:By MATTHEW CRAFT

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US STOCKS-S&P 500 down for 4th day of five, Groupon up lateArticle from Reuters:

Mon May 14, 2012 5:23pm EDT

* Banks, natural resources shares lead declines
* JPMorgan shares down, executive departs after huge loss
* S&P 500 breaks support at 1,340
* Dow off 1 pct, S&P off 1.1 pct, Nasdaq off 1.1 pct

[...] Continue Reading…

Trading Loss at JPMorgan Claims a Top ExecutiveArticle from CNBC.com:The $ 2 billion trading loss at JPMorgan Chase will claim its first casualty among top officials at the bank as early as Monday, with chief executive Jamie Dimon set to accept the resignation of the executive who oversaw the trade, Ina R. Drew.

Bloomberg | Getty Images

Ms. Drew, a 55-year-old banker who has worked at the company for three decades and serves as chief investment officer, had repeatedly offered to resign since the scale of the loss became apparent [...] Continue Reading…