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Keyword: trader

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  • NY Mag writer out at Bloomberg after high school hoax

    12/21/2014 9:44:55 AM PST · by conservative98 · 24 replies
    NY Post ^ | December 19, 2014 | Post Wires
    Jessica Pressler is no longer going to work at Bloomberg’s investigation unit after the disgraced New York magazine writer penned last week’s story about the Stuyvesant High School senior who allegedly made $72 million trading stocks, only to have it proved a hoax.
  • Too good to check: New York Magazine’s teen-genius trader turns out to be a hoax

    12/16/2014 6:35:16 AM PST · by SeekAndFind · 24 replies
    Hotair ^ | 12/16/2014 | Ed Morrissey
    Old and busted, legacy media edition: Layers of fact checkers and editors. New hotness: “There was this one time, in band camp …” Yet another big, splashy mainstream media story has collapsed, although the damage from New York Magazine’s tall tale of a teen-genius stock traders and the New York Post’s follow-up is entirely limited to the two publications’ reputations. Jessica Pressler wrote this weekend that Mo Islam, a 17-year-old student, had amassed a $72 million fortune during his participation in a high-school trading club, apparently without asking some basic questions about how a minor could trade and how...
  • Story of the $72 million teen trader unravels

    12/15/2014 7:18:24 PM PST · by Signalman · 63 replies
    cnnmoney ^ | 12/15/14 | Tom Kludt
    It didn't take long for New York Magazine's story on a 17-year-old stock whiz with a rumored net worth of $72 million to make a splash. But the story's juicy premise unraveled almost as quickly. Wapo.com Jessica Pressler wrote the profile of Mohammed Islam, a senior at Stuyvesant High School in Manhattan, for a feature called "Reasons to Love New York." After getting an advanced look at Pressler's piece, the New York Post put the improbable story on its Sunday front page. By Monday morning, Islam's story was one of the hottest on Facebook. Then it fell apart. In an...
  • Wanna Be A Great Trader? Size Matters... Finger Size

    05/16/2014 5:45:31 PM PDT · by Nachum · 21 replies
    zero hedge ^ | 5/16/14 | tyler durden
    Take a moment and look at your hands. Specifically, compare the length of your ring finger to the one you use to point. Is the ring finger longer or shorter than your pointer, and by how much? It turns out that the answer to that question can tell a lot about your mental abilities and appetite for risk. As ConvergEx's Nick Colas details, a 2009 study of mostly male traders working in London found that the ones with longer ring fingers were generally more profitable than those with shorter ones. Traders with the largest fourth finger/second (pointer) finger ratios actually...
  • Trader kills self in finance world’s latest suicide

    03/12/2014 4:57:25 PM PDT · by Nachum · 30 replies
    New York Post ^ | 3/12/14 | Michael Gray March 12, 2014 | 5:45pm
    A Manhattan trader was killed Tuesday morning by a speeding Long Island Rail Road commuter train, marking at least the seventh suicide of a financial professional this year. Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, jumped in front of an LIRR train at 6 a.m. near the Syosset train station. He was declared dead at the scene. Reilly’s identity was confirmed by Salvatore Arena, an LIRR spokesperson, who said an investigation into the incident was continuing. Passengers on the west-bound express train told MTA investigators they saw a man standing by the tracks before he jumped in...
  • Second JPMorgan Banker Jumps To His Death: Said To Be 33 Year Old Hong Kong FX Trader

    02/18/2014 7:09:28 AM PST · by Nachum · 28 replies
    zero hedge ^ | 2/18/14 | Tyler Hedge
    The banker suicide wave that started in late January has now become an epidemic, and it seems to be focusing on one bank: JP Morgan. After the first suicide that took place in JPM's London headquarters, ending the life of 39 year old Gabriel Magee, a vice president in the investment bank’s technology department, next it was 37 year old Ryan Crane, an executive director in the firm's program trading division, who died under still unknown circumstances. Moments ago a third JPMorgan banker committed suicide, this time at the JPMorgan Charter House Asia headquarters in central Hong Kong, where a...
  • After 3 months , blast effected traders still wait for compensation in peshawar

    12/27/2013 2:26:26 AM PST · by musarratullah · 1 replies
    own work | 27 december 2013 | musarrat ullah jan
    Peshawar , The traders of the Qissa Khawani Bazaar still waiting for government compensation in pesahwar. The even provincial government has completed the survey of traders and local labor whose suffers in the 29 September blast. 22 shops destroyed and 100 people injured in blast at qissa khawani three months back but only 17 people get compensation from the government. According to the investegation 13 blasts occurred in the historical market of the peshawar city Qissaa Khawani bazaar and more than 40 millions rupees loss face traders in the 29 September blast. Chief Minister of Khyber pukhtoonkhwa province visited the...
  • Space Traders (story by Obama's 'mentor')

    03/07/2012 1:35:45 PM PST · by Nachum · 9 replies
    Face Book ^ | 3/7/12 | Derrick Bell
    1 January. The first surprise was not their arrival. The radio messages had begun weeks before, announcing that one thousand ships from a star far out in space would land on 1 January 2000, in harbors along the Atlantic coast from Cape Cod to North Carolina. Well before dawn on that day, millions of people across North America had wakened early to witness the moment the ships entered Earth's atmosphere. However expected, to the watchers, children of the electronic age, the spaceships' approach was as awesome as had been that earlier one of three ships, one October over five hundred...
  • Stripper-turned-hedge funder sues ex-bosses for sexual harassment

    10/06/2011 11:43:41 AM PDT · by Niuhuru · 21 replies
    Daily Mail ^ | 5:36 PM on 6th October 2011 | By Meghan Keneally
    Strippers with sob stories or hookers with hearts of gold are often the way that Hollywood glamorizes the career paths of exotic dancers. One combination that you don't hear about often is the stripper turned Wall Street trader. Niki Marx, 27, is that case.
  • Mystery trader buys all Europe's cocoa

    07/17/2010 1:00:51 AM PDT · by bruinbirdman · 78 replies · 1+ views
    The Telegraph ^ | 7/17/2010 | Jonathan Sibun and Harry Wallop
    Even Willy Wonka might struggle to use this much chocolate. Yesterday, somebody bought 241,000 tonnes of cocoa beans. The purchase was enough to move the entire global cocoa market, sending the price to the highest level since 1977, and triggering rumours and intrigue in the City. It is unclear which person, or group of traders, was behind the deal, but it was the largest single cocoa trade for 14 years. The cocoa beans, which are sitting in warehouses either in The Netherlands, Hamburg, or closer to home in London, Liverpool or Humberside is equivalent to the entire supply of the...
  • SocGen rogue trader Jerome Kerviel 'hit the jackpot' on 7/7

    01/23/2009 11:34:59 AM PST · by BGHater · 3 replies · 101+ views
    Times Online ^ | 23 Jan 2009 | Adam Sage
    It was a day of carnage that left 56 people dead and a dark shadow for ever cast over the history of London. But for Jérôme Kerviel, the French rogue trader, 7/7 was the jackpot. Mr Kerviel, whose wild bets on the stock market ended with record losses, celebrated as Britain’s worst terror attack helped him to register a €500,000 profit and to continue a winning streak that brought him “orgasmic pleasure”. The trader made the confession as he told the newspaper Le Parisien how he had lost touch with reality in the pursuit of money-making at Société Générale, the...
  • U.S. ready to talk about temporary visas at WTO

    07/26/2008 11:54:19 PM PDT · by bd476 · 15 replies · 194+ views
    Reuters ^ | July 26, 2008 | By William Schomberg and Jonathan Lynn
    GENEVA (Reuters) - The United States, responding to a key demand of developing countries, said on Saturday it would discuss giving more temporary access to foreign professionals, injecting renewed optimism into world trade talks. The U.S. offer -- its second this week in make-or-break talks to secure a breakthrough in long-running trade negotiations -- had ministers and businessmen talking optimistically about improved prospects for a deal. "When it comes to temporary entry of business professionals we signaled that we are ready to have that conversation in the context of the Doha round," U.S. Trade Representative Susan Schwab told reporters....
  • Hunt for Ł100m rogue trader after attack on HBOS share price[UK]

    03/20/2008 8:38:12 AM PDT · by BGHater · 5 replies · 630+ views
    Telegraph ^ | 20 Mar 2008 | Robert Winnett and Philip Aldrick
    A hunt has been launched for a stock market trader who may have made Ł100 million in a "modern day bank robbery" after an attack on the share price of the country's biggest mortgage lender. Shares in Halifax Bank of Scotland fell by 17 per cent as traders attempted to make a fortune by betting on the bank's falling stock. Malicious rumours circulated by speculators were blamed for the run, which saw more than Ł3 billion wiped off the bank's value. Britain's financial watchdog launched a criminal investigation to hunt down "ruthless" rogue traders, including one speculator thought to have...
  • France's rogue trader freed after escaping fraud charges

    01/28/2008 9:07:29 PM PST · by NormsRevenge · 29 replies · 238+ views
    AFP on Yahoo ^ | 1/28/08 | Eve Szeftel
    PARIS (AFP) - Accused French rogue trader Jerome Kerviel walked free after judges placed him under formal investigation Monday for his role in seven billion dollars of losses at Societe Generale but stopped short of charging him with fraud. Shares in the French bank took a battering as allegations emerged that a board member was guilty of insider trading related to the scandal. Kerviel was freed on bail after being placed under formal investigation for "breach of trust", "falsifying and using falsified documents," and "breaching IT procedures", said his lawyer Elisabeth Meyer. Judges rejected a bid to charge Kerviel, accused...
  • Hillary's donor linked to China missile trader (Hsu mugshot)

    09/02/2007 9:51:52 PM PDT · by Libloather · 88 replies · 4,149+ views
    Hillary's donor linked to China missile traderAerospace mogul Bernard Schwartz acted as Hsu's patron on college board Posted: September 2, 2007 10:36 p.m. Eastern © 2007 WorldNetDaily.com Hillary Clinton and Norman Hsu A shady Chinese megadonor to Hillary Clinton's presidential campaign has close ties to an aerospace mogul accused of placing his business interests before national security by sharing missile secrets with Beijing during the Clinton administration. Before his forced resignation last week, Norman Yuan Yuen Hsu sat on the board of trustees of the liberal New School university in New York with former Loral Corp. head Bernard L. Schwartz,...
  • A disgraced trader will find open arms in the financial world

    03/08/2007 12:17:31 AM PST · by Herakles · 2 replies · 336+ views
    MarketWatch ^ | 12:01 AM ET Mar 8, 2007 | David Weidner,
    NEW YORK (MarketWatch) -- Nick Leeson, the rogue trader who brought down Barings Bank the early 1990s, wants to make a comeback in the business that made him famous. His timing, for once, couldn't be better. Leeson, 40, told Bloomberg on March 2 that he is contemplating a return to full-time trading turning his back on his recent career as an author, marketer for an Irish soccer club and motivational speaker. For now, Leeson says he might only play with his own money, but you never know. "You wouldn't believe how many people have asked me to manage their money,"...
  • John Kerry's got what it takes.

    01/09/2007 9:37:02 PM PST · by Registered · 24 replies · 1,519+ views
    RegisteredMedia ^ | 01-10-07 | RegisteredMedia
  • Genghis Khan, Law Giver, Free Trader And Diplomat, Is Back With A New Image

    07/10/2006 6:44:22 PM PDT · by blam · 20 replies · 686+ views
    The Telegraph (UK) ^ | 7-11-2006 | Richard Spencer - Ulan Bator
    Genghis Khan, law giver, free trader and diplomat, is back with a new image By Richard Spencer in Ulan Bator (Filed: 11/07/2006) The Mongolian capital has been swamped with images of its former potentate, Genghis Khan, in honour of the anniversary of his unification of the nation in 1206. At the climax of celebrations in Ulan Bator yesterday, soldiers in traditional uniform and bearing yaks' tail standards heralded the unveiling of an enormous statue of the Great Khan in the main Sukhbaatar Square. The monument in which it is set contains earth and stones from the holy and historic places...
  • Psychopaths could be best financial traders?

    09/23/2005 6:13:21 PM PDT · by LowCountryJoe · 22 replies · 960+ views
    Reuters ^ | Monday, September 19, 2005 | Unknown staff writer
    "Wanted: psychopaths to make a killing in the markets." Such an advert will not be appearing in the world's newspapers any time soon, but it may have a ring of truth after research revealed the best wheeler-dealers could well be "functional psychopaths." A team of U.S. scientists has found the emotionally impaired are more willing to gamble for high stakes and that people with brain damage may make good financial decisions, the Times newspaper reported Monday. In a study of investors' behavior 41 people with normal IQs were asked to play a simple investment game. Fifteen of the group had...
  • Out Sourcing Starts with?

    11/12/2004 12:46:17 PM PST · by realnotideal · 31 replies · 486+ views
    11/12/04
    Out scouring starts with "Hate Speech".
  • Poof..

    11/19/2004 2:10:40 PM PST · by realnotideal · 72 replies · 874+ views
    Open Your eye
  • Stock Adviser Knew About 9/11 Attacks, U.S. Suggests

    05/24/2002 7:30:06 PM PDT · by Pokey78 · 64 replies · 2,308+ views
    The New York Times ^ | 05/25/2002 | ALEX BERENSON
    A San Diego stock adviser who is accused of bribing an F.B.I. agent to give him confidential government information may have had prior knowledge of the Sept. 11 attacks, a federal prosecutor said yesterday. In a court hearing in San Diego, Kenneth Breen, an assistant United States attorney, said the adviser, Amr Ibrahim Elgindy, tried to sell $300,000 in stock on the afternoon of Sept. 10 and told his broker that the stock market would soon plunge. "Perhaps Mr. Elgindy had preknowledge of Sept. 11, and rather than report it he attempted to profit from it," Mr. Breen said. Mr....
  • Female trader escapes from Abu Sayyaf captors

    08/06/2003 11:15:43 AM PDT · by freepatriot32 · 14 replies · 736+ views
    www.philstar.com ^ | 08/07/2003 | Roel Pareno
    ZAMBOANGA CITY — A Chinese-Filipino businesswoman kidnapped by suspected Abu Sayyaf members escaped after almost four months in captivity, the military said yesterday. Marine products trader Gertrudes Tan, 50, eluded her captors in a coastal village in Maimbung, Sulu last Monday night, said Lt. Gen. Roy Kyamko, chief of the Armed Forces’ Southern Command. Kyamko said Tan drifted into the sea using a small plastic jug as float until fishermen found her at about 2:30 a.m. the following day. The fishermen brought her to the Maimbung town proper where she took a passenger jeepney that brought her to the capital...