thenews / Profile

The Eurozone economy has started the week by taking centre stage with the release of disappointing inflation data showing a slowdown in the region’s economy. The flash CPI reading, a key indicator of the health of the economy, decreased from

Citi sees a number of parallels, both in terms of the background dynamics and the course of events, seen throughout the 1990s and more recently over the past 7 years. As Tom Fitzpatrick notes, these similarities are not confined to the US economy but

The outcome of the ECB meeting and the subsequent press conference by Mario Draghi are not fully anticipated, contrary to previous decisions. So far, this uncertainty translates into very steady markets. This calm usually precedes a storm. But in

The real backlash against HFT begins: INTERACTIVE BROKERS TO OFFER CUSTOMERS ACCESS TO IEX: CNBC INTERACTIVE CUSTOMERS CAN SPECIFY TRADE BE DONE VIA IEX: CNBC And from CNBC which broke the news: Interactive Brokers is launching a new service that

Despite no move in gold, silver, or US Treasuries, US equities (and JPY crosses) remain bid. But perhaps the most intriguing reaction to Obama's escalation is the surge higher in Russian stocks and rally in the Ruble... Charts: Bloomberg source

Investors should bet the pound will strengthen against the dollar before the release of Bank of England minutes, U.K. employment data and the budget this week, according to Morgan Stanley. Sterling is poised to gain as the March 5-6 minutes may show

The last time the FT penned an article on the topic of gold manipulation, titled "Gold price rigging fears put investors on alert" it was promptly taken down without much (any) of an explanation. Luckily, we recorded the article for posterity here

If there is one line that reveals how the Obama administration is perceiving the world, and specifically that it is all through the lens of the manipulated stock market, here it is... Carney warns of impact on Russian stock market. "If I were you, I

It would appear that yesterday's announcement by NY AG Schneiderman (who appeared to find Virtu's practically flawless trading record too much to bear) has prompted further investigations into HFT shenanigans by regulators. As WSJ reports, regulators

Federal Reserve Chairwoman Janet Yellen spoke for an hour at her press conference Wednesday, but the market only heard three words: “around six months.” She was asked how long the Fed would wait after the tapering ends before it begins to raise

One of the star performers of 2014 has been gold. It started the year around $1200/oz and recently nearly got to $1400/oz before slipping back a bit. In a new note, Goldman argues that the rise in gold has been driven by three unsustainable factors

For the past five years we have been complaining about the two-tiered, and broken, market resulting from the near-ubiquitous presence of HFT trading strategies, where fundamentals have been tossed into the trash, and where quote churning, packet

With Bernanke gone, the remaining Fed members knowing full well they will be crucified, metaphorically of course (if not literally) when it all inevitably comes crashing down, are finally at liberty with their words... and the truth is bleeding out

It is widely known that Russia is owed billions by Ukraine for already-delivered gas (as we noted earlier, leaving Gazprom among the most powerful players in this game). It is less widely know that Russia also hold $3b of UK law bonds which, as we

Venice votes to split from Italy as 89% of the city's residents opt to form a new independent state Wealthy residents are opposing high taxes which support poorer south Venice gets 21 billion euros less in grants than it gives in taxes per year

Presented with little comment aside to note that when 'work is punished' the demise of 'opportunity' will continue... The painful reality in America: for increasingly more it is now more lucrative - in the form of actual disposable income - to sit

In what is one of the most disturbing private prison stories you’ll ever hear, a facility in Idaho run by Corrections Corporation of America (CCA) in under investigation by the FBI due to claims it was so violent inmates called it “Gladiator School.”

Think JPM's zero trading day losses in 2013 was impressive? Prepare to have your mind blown. The chart below shows the chart of daily net trading income by High Frequency Trading titan Virtu, taken from its just filed IPO prospectus. The punchline

With diplomacy having failed miserably to resolve the Russian annexation of Crimea, and soon East Ukraine (and with John Kerry in charge of it, was there ever any doubt), the US is moving to the heavy artillery. First, moments ago, the US DOE

This column is not about working too hard, or the dangers of high cholesterol, or lack of exercise. It is about a rash of suicides within the financial community. What this actually means is less certain than the reporting on it might imply