New York Posts – Business

  • Volatility is driving the markets towards chaos
    by John Aidan Byrne on February 18, 2018 at 3:58 am

    There’s a serial killer on the loose — and the deadly enemy is volatility. As the stock markets showed recently, volatility is back, with stomach-churning extreme highs and lows not seen since the Great Depression, according to analysts. Volatility is the new market nemesis to the $27 trillion US retirement industry. And the sell-offs are... […]

  • Financial cheating is a hidden form of infidelity: poll
    by Post Staff Report on February 18, 2018 at 3:47 am

    Financial infidelity is rampant in America. A poll by a national nonprofit aimed at increasing Americans’ financial know-how revealed that nearly two in five couples cheat on their significant other when it comes to finances. That’s up from one in three a few years ago. Cheating how? Well, by misleading or lying to each other... […]

  • Private online art exhibit will offer valuable works for sale
    by Post Staff Report on February 18, 2018 at 3:45 am

    Clade, a new private online community for wealthy investors and philanthropists, has added a novel category to its networking and dealmaking platform: art. Maccarone, a New York/Los Angeles-based art gallery, is launching a digital-only exhibit of artist Nate Lowman on the site, comparing his works with 20th-century masters like Andy Warhol, John Baldessari, Cindy Sherman... […]

  • Analysts on TV don’t understand how our economy works
    by Jonathon Trugman on February 18, 2018 at 3:33 am

    Two weeks ago we had the TV financial follies, screaming about the sell-off and how the Trump rally was over — despite 13 consecutive months of gains, a record. The bats came out for commentators’ favorite piñata, the president. Then stocks had their best week since 2011, rallying straight back up about 1,700 quick points.... […]

  • Could there be an ‘opposition’ influence on the market?
    by John Crudele on February 18, 2018 at 2:25 am

    Dear John: Your column on the Federal Reserve intervention in the collapsing stock market rings true. And I suspect that at some point a smoking gun will be found in all the recorded trading data. I was wondering if the Fed is the only player in this game, or is there the possibility of an... […]

  • Whistleblower gets run-around for catching fraud at Census Bureau
    by John Crudele on February 18, 2018 at 2:24 am

    Dear John: I am a Census Bureau field representative who has filed a harassment complaint against my supervisor. This stems from reprisal after my telling her about another rep telling me she is turning cases in as vacant even though people live in a house. I have since come across the 100-page report on the... […]

  • Waymo moves one step closer to officially launching
    by Richard Morgan on February 17, 2018 at 3:36 am

    The race to launch America’s first autonomous ride-hailing service is heating up under the desert sun. Waymo put the heat on Uber and other rivals last month when it got the approval of Arizona authorities to operate as a Transportation Network Company, or TNC. Waymo, the self-driving car unit that was spun out of Google,... […]

  • Accuser in Point72 sex discrimination suit says firm fears bad publicity
    by Carleton English on February 17, 2018 at 3:15 am

    Lawyers for a female executive who claims billionaire investor Steve Cohen’s Point72 Asset Management is a “boys’ club” that discriminates against women are pushing back against the firm’s attempt to keep the accusation away from the public. “Point72’s position appears motivated by a desire to avoid bad publicity about its failure to treat female employees... […]

  • SEC takes aim at cryptocurrency firms run by ex-NFLer
    by Carleton English on February 17, 2018 at 2:37 am

    Another red flag was raised on Friday over the thinly regulated cryptocurrency markets. In the latest clampdown, trading in three penny stocks was shut down for 10 days while regulators looked into whether they were trying to take advantage of investors by making blockchain and cryptocurrency announcements. Each of the companies is led by Patrick... […]

  • Shareholder sues GE for hiding liabilities, SEC probe
    by Reuters on February 16, 2018 at 6:16 pm

    General Electric was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and a Securities and Exchange Commission probe, costing shareholders tens of billions of dollars. The complaint filed by the Cleveland Bakers and Teamsters Pension Fund appears to be the first proposed shareholder class action accusing GE of... […]