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Bitcoin Plunges Below $400
Bitcoin prices are getting smoked. The digital crypto-currency has fallen below $400, according to data compiled by CoinDesk.Bitcoin opened at $421.46. It hit a high of $426.65 before hitting a low of...
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Why Jack Ma's Hero Is Forrest Gump
Alibaba's CEO Jack Ma, who is also China's richest man, told CNBC's "Squawk On The Street" crew that he's inspired by the movie "Forrest Gump." Here's an interview from earlier today:Jack Ma: Well, I...
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21 Badass Trading Desk Setups From Around The World
If you want to trade the markets you have to live the markets — that means turning your trading desk into your second home.That's why we put out a call to our readers to send in pictures of their...
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Step Inside Bernie Madoff's $14.5 Million Penthouse Where The Ponzi Schemer...
The penthouse where convicted Ponzi schemer Bernie Madoff once lived has sold again for $14.5 million, Page Six reports.According to the report, the apartment was sold to Lawrence Benenson, who runs a...
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Mike Bloomberg: 'Happiness Can Never Buy Money'
Money can't buy happiness. We've heard this saying before.But what about the reverse.Former New York City Mayor Michael Bloomberg just wrapped up a panel discussion with macro legend Ray Dalio. The...
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Wall Street Has A New Worry Now That The Economy Is Recovering
Business Insider is at the annual Bloomberg Markets Most Influential Summit on Monday, and this year guest after guest has talked about the same worry.It's not entirely new, but we've never heard it...
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Here Are Some Of The Amazing Things We Saw At The #FloodWallStreet Protests
There were dramatic scenes in the Financial District of downtown New York yesterday.By the famous Raging Bull statue, hundreds of 'Occupy Wall Street' supporters protested against the connection...
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Investor Relations Guy Pleads Guilty To Insider Trading On His Clients' Press...
A former executive at a New York investor relations firm, whose barefoot dash from news photographers last month caught the attention of Comedy Central's The Daily Show, pleaded guilty on Wednesday to...
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14 Major Wall Street Firms Have Teamed Up To Buy A Messaging Startup To Kill...
A group of financial firms led by Goldman Sachs are close to buying the instant-messaging startup Perzo Inc., according to a Wall Street Journal report.They might even announce the acquisition as early...
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JPMorgan's Investment Bank Has Been Crushing The Rest Of Wall Street This Year
JPMorgan <jpm.n> was the top-performing investment bank in the first half of the year, making $11.5 billion in revenue and ranking first for both its fixed income and deals advisory businesses,...
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MICHAEL LEWIS: Wall Street Offers People The Ability To Succeed Without Any...
The famed author Michael Lewis is criticizing Wall Street culture again.This time, instead of talking about a specific firm as he did in his iconic book "Liar's Poker," he has listed several...
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31 Fantastic Pieces Of Advice For Surviving Your First Year On Wall Street
You've sat through recruiting sessions, and you've networked with bankers.But you're still completely unprepared for what it's actually like to work on the street.Business Insider is here to help.We've...
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REPORT: Bill Gross Was Going To Be Fired Tomorrow For 'Increasingly Erratic...
CNBC's David Faber reports that PIMCO was going to fire Chief Investment Officer Bill Gross on Saturday because of "increasingly erratic behavior."The Wall Street Journal is also reporting that PIMCO...
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The New York Fed Slams Tape-Recording Whistleblower, Says She Was Fired After...
The New York Fed released a statement rejecting all the allegations made about "the integrity of its supervision of financial institutions" in light of the recently released secret audio recordings of...
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European Hedge Fund Giant BlueCrest Laid Off A Bunch Of US Traders And It's...
There was some speculation among trader that this week's market weakness might be attributed to a hedge fund liquidating.While it remains unclear if this is the case, there's some pretty big news out...
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Here's What Wall Street Money Managers Are Saying About Bill Gross' Shocking...
For every action there is an equal and opposite reaction.So when "Bond King" Bill Gross, founder of the biggest bond firm in the world, PIMCO, said he was stepping down from his empire to head to...
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16 Important Facts From The Startling Accusations About Goldman And The New...
ProPublica and This American Life published a massive report alleging severe conflicts of interest between the New York Federal Reserve and Goldman Sachs."The Ray Rice video for the financial sector...
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Meet Dan 'Beast' Ivascyn, PIMCO's New CIO
Daniel J. Ivascyn, a 45-year-old star fund manager who has been described by colleagues as a "beast," has been named CIO of PIMCO.In recent months, Ivascyn has been seen as the heir apparent at...
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A High-Frequency Trader Is Selling The Most Expensive Home In Houston For...
This is the most expensive house ever listed for sale in Houston.The Wall Street Journal's Candace Taylor reports that it is owned by Wilbur "Ed" Bosarge Jr., cofounder of the high-frequency trading...
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The 30 Richest Hedge Fund Managers In America
Forbes has released its annual "Richest People In America List." The Forbes 400 always includes the biggest names in the hedge fund space. We counted 30 hedge fund managers this year.Fund managers like...
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