Time to Start Worrying: Apple’s Profit Slips 18 Percent

    Apple’s older, cheaper devices have long been popular with consumers; however, those discounts have pinched the company’s historically strong profits.    Apple’s profit dipped 18 percent last quarter, and its gross profit margin declined by nearly 10 percent. Although the tech giant ...

Stocks Bounce Back After Fake Tweet

  After briefly plummeting thanks to a fake tweet sent by the Associated Press saying there were explosions at the White House, stocks bounced back to end the day on a positive note. The Associated Press said its Twitter Account was hacked, and stocks quickly rebounded. Meanwhile, positive readings on the housing market and ...

Social Media Shutdown: Wall Street Cracks Down on Facebook Posts and Tweets

    Several states in the U.S. have banned companies from monitoring employees’ social media accounts; however, FINRA wants to introduce an exception for financial firms.  Despite a dozen or so laws that prevent the practice, a Wall Street regulator is seeking for wiggle room to keep close tabs on stockbrokers ...

From Rogue Trader to Locked Up

  The United States Securities and Exchange Commission charged a former employee at a Connecticut brokerage firm with scheming to profit from placing unauthorized orders to purchase Apple stock. When the ploy backfired, it ultimately caused the firm to cease operations. David Miller, an institutional sales trader, has agreed ...

Inflation is Extremely Low Right Now: Is it Time to Worry?

  Prices of common goods are not going up very much, but should we celebrate? The answer to this inquiry is: not exactly. Inflation that is too low could be a terrible sign for the United States economy, and some officials within the United States Federal Reserve are starting to get concerned. Talking with reporters on ...

Rocky Mountain Plunge: SEC Charges Denver Businessman with Insider Trading

    The United States Securities and Exchange Commission today charged a wealthy Denver businessman with insider trading based on proprietary information he procured from the CEO of an oil company that was about to secure a prominent investment.    An investigation by the SEC found that Scott Reiman procured ...

Underground Profits: The Lucrative World of Cigarette Smuggling

    Cigarette smuggling is a hot new business as taxes rise in some states but remain marginal in others. Yes, the act of purchasing cigarettes in one state, then selling them in another is illegal; however, a truckload of cigarettes purchased down South can earn a smuggler upwards of $1,940,000 if they are sold in New ...

Nice Rebound: Stocks Bounce Back After Worst Day of 2013

    U.S. stocks rebounded back from the largest one-day sell-off of 2013 as investors cheered a comprehensive slate of economic reports and corporate results.    The Dow Jones Industrial Average increased by more than 150 points, or 1.1 percent while the S&P 500 added 1.4 percent and the NASDAQ rose ...

Dow Drops more than 200 Points After Boston Marathon Bombing

    A widespread sell-off in stocks accelerated this afternoon following the news of two explosions at the Boston Marathon. The Dow Jones Industrial Average, which was down all day, dropped 266 points (roughly 1.8 percent) following reports of the explosions in the Massachusetts’ capital. The Nasdaq dropped 2.4 percent ...

Know Your Role: CEOs Earn 354 Times more than the Average Worker

    Oracle CEO Larry Ellison was the top-earning CEO in 2012 with a salary of $96.1 million; the average American worker earned $34,645 last year.    Chief Executive Officers of the country’s largest companies earned an average of $12.3 million in total pay in 2012, which is roughly 354 times more ...

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