Cryptocurrencies' collapse follows 2017 run, regulation threats

Nov 20, 2018
Down from its 1,400 percent rise in 2017, bitcoin is now trading at less than $5,000 — a sharp decline for what some once hoped was a new and promising asset that could excite institutional investors. Instead, many traders were just trying to make a quick buck. Click the audio player above to hear the […]
In this photo illustration a visual representation of the digital currency Bitcoin sinks into water. 
Photo Illustration by Dan Kitwood/Getty Images

The Source Code: Brad Katsuyama

Sep 19, 2018
The former trader started his own stock exchange, IEX, to address his concerns about high-frequency trading.
IEX Group President and CEO Bradley Katsuyama, right, and Notre Dame finance professor Robert Battalio prepare to testify before the Senate Homeland Security and Governmental Affairs Investigations Subcommittee about high-speed stock trading in 2014.
Chip Somodevilla/Getty Images

The business case for a stock market speed bump

Sep 19, 2018
A 350-millisecond delay can help long-term investors get equal footing with high-frequency traders, argues IEX's CEO.
Bradley Katsuyama, IEX Group president and CEO, testifies before the Senate Homeland Security and Governmental Affairs Investigations Subcommittee about high-speed stock trading in U.S. markets on Capitol Hill in 2014.
Chip Somodevilla/Getty Images

Too much high-frequency trading can rig the market, IEX founder says

Sep 18, 2018
Brad Katsuyama says some traders use tech to "know the horse race is over, and they're betting against people who still think the race is happening."
An employee views trading screens at the offices of Panmure Gordon and Co. in 2014 in London.
Carl Court/Getty Images

What is a stock’s target price?

Aug 20, 2018
Really, it’s just an informed guess about how high or low a stock will go.
A video board shows the Dow Jones closing above 20,000 for the first time at the New York Stock Exchange January 25, 2017 in New York. 
BRYAN R. SMITH/AFP/Getty Images

Lloyd Blankfein changed Goldman Sachs. Will David Solomon keep it up?

Jul 17, 2018
Goldman Sachs reported quarterly profits today, beating analyst expectations. As is often the case on Wall Street, the ups were no match for the downs — like heavy legal expenses and weak trading results. But the big news for the bank was that a successor has been named to replace storied Goldman CEO, Lloyd Blankfein, who […]

Is globalism a failed policy?

Apr 24, 2018
The economy is doing well, but the average person is angry. "The alternative is that you change the social contract," one expert says.
“You can get rid of Trump, but, I mean, all of the Trumpism in the United States is real and is coming for us,” says Ian Bremmer, president of the political risk consultancy Eurasia Group.
Ralph Freso/Getty Images

For public good, not for profit.

Manic Monday, sell-off style

Apr 3, 2018
Monday the markets weathered a broad sell-off with tech stock jitters and trade war talk fueling investors’ anxieties. What’s behind this slide? Is it all about tech companies and trade? Click the audio player above to hear the full story. 

Companies and countries seek tariff exemptions

Mar 19, 2018
A beer trade group with members that sell the beverage in aluminum cans. Companies that want to show their products have a role in national security. And foreign trading blocs like the European Union. All these entities are trying to figure out the new rules when it comes to applying for exemptions from tariffs on […]

The Trump Administration’s options around tariffs and quotas

Feb 26, 2018
The Trump Administration is trying to figure out how to act on a campaign promise to make trade with China more fair. One thing the administration is considering is imposing tariffs or quotas on imports of steel and aluminum. The justification? National security. Here’s a look at the theory behind that connection, and the administration’s […]