Recent content by godoftrading

Citadel Investment Group LLC, known for its hedge funds, pulled in about $1 billion last year in a unit that does high-frequency trading. The figure, which emerged this week in a Chicago court battle involving Citadel, shows just how lucrative this often-secretive trading practice can be...

MADRID (MarketWatch) -- Retail sales fell 4% in August on an annual basis, the Instituto Nacional de Estadistica said on Tuesday. That compares to a fall of 4.9% in July. The biggest falls were in household equipment, down 12.8%, and food products, down 4.5%. Single retail stores saw the biggest...

http://www.nytimes.com/2009/09/18/business/18regulate.html?_r=1&hp By JENNY ANDERSON Published: September 17, 2009 It is an obscure art of Wall Street, a technique that gives a scattering of traders an edge over everyone else — and the Securities and Exchange Commission wants to stamp it...

Top Financial News By Peter J. Brennan, Christine Harper and Scott Lanman Sept. 16 (Bloomberg) -- Paul Volcker, the former Federal Reserve chairman who’s an economic adviser to President Barack Obama, said there’s a “long way to go” before the economy returns to pre-recession levels...

Sept. 8 (Bloomberg) -- Commercial Aircraft Corp. of China, the government-controlled planemaker, said its first commercial jet will “surely be cheaper” than comparable Boeing Co. and Airbus SAS models, heightening competition in the world’s fastest-growing aviation market. The 168-seater...

UN Says New Currency Is Needed to Fix Broken ‘Confidence Game’ - Bloomberg.com UN Says New Currency Is Needed to Fix Broken ‘Confidence Game’ By Jonathan Tirone Sept. 7 (Bloomberg) -- The dollar’s role in international trade should be reduced by establishing a new currency to...

Aug. 26 (Bloomberg) -- Toyota Motor Corp., Japan’s biggest carmaker, will cut domestic production as car sales in the country fall to the lowest in more than 30 years. Toyota will reduce output by about 220,000 vehicles at its Takaoka plant from the fiscal first quarter of next year through...

Aug. 25 (Bloomberg) -- The Federal Reserve must for the first time identify the companies in its emergency lending programs after losing a Freedom of Information Act lawsuit. Manhattan Chief U.S. District Judge Loretta Preska ruled against the central bank yesterday, rejecting the argument...

Atlantic City's Hilton casino defaults on mortgage payments - NJ.com ATLANTIC CITY -- The Hilton Casino Resort failed to make its monthly loan payments last month due to the recession's impact on Atlantic City's smallest casino, according to a report in the Press of Atlantic City. The...

WASHINGTON (AP) -- The Obama administration is developing plans to wind down the popular Cash for Clunkers program and could announce by Friday when the incentives will no longer be available. Transportation Secretary Ray LaHood said Wednesday the department would announce within 48 hours how...

Aug. 19 (Bloomberg) -- The U.S. must address the massive amounts of “monetary medicine” that have been pumped into the financial system and now pose threats to the world’s largest economy and its currency, billionaire Warren Buffett said. The “gusher of federal money” has rescued the...

Aug. 17 (Bloomberg) -- The Federal Reserve extended by three to six months an emergency program aimed at restarting credit markets, a move that may cushion the commercial real- estate industry from rising defaults and falling prices. The Term Asset-Backed Securities Loan Facility, with a...

Markets will drop 25 to 50 percent and it will happen abruptly, Deighan told CNBC. “There’s no basic foundation for the run-up we’ve had, been far too rapid. It continues to run up on what’s normally considered bad news,” he said. Deighan said in the past, Wall Street “shoved things down...

July 23 (Bloomberg) -- Warren Buffett’s option to buy shares of Goldman Sachs Group Inc., part of an agreement reached at the depths of the credit crisis, has earned a profit on paper of about $2 billion, a return of more than 40 percent. Goldman Sachs today passed $162 in New York trading...

By HANNAH SELIGSON Published: August 10, 2009 BEIJING — Shanghai and Beijing are becoming new lands of opportunity for recent American college graduates who face unemployment nearing double digits at home. Even those with limited or no knowledge of Chinese are heeding the call. They are...