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Innovation & Growth Initiative: Montgomery County Benchmark
Learn about Abington's Next Century. To access a white paper that compares Abington to the rest of Montgomery County, click here >
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Wall St. Journal Market News
Updated: 1 week 3 days ago
The founders of new high-frequency-trading concern SXP planned to give profits to charity but instead stand accused of stealing algorithms from Quantlab, the powerful firm that fired two of them.
Cash is increasingly hard to come by in China, so businesses are paying one another with a form of IOUs known as acceptance drafts. Analysts say banks aren't channelling enough funds into the economy.
Virtu executives underestimated the firestorm that would surround a new book on high-frequency trading and engulf virtually everyone affiliated with the industry.
Blythe Masters, J.P. Morgan's high-profile commodities chief, is resigning following the announced sale of the bank's physical-commodity unit, according to an internal memo.
The Internal Revenue Service said that it will treat bitcoin and other virtual currencies like property, and not currency, giving a potential boost to investors but imposing extensive record-keeping rules-and significant taxes-on its use.
The head of the world's largest money manager has privately warned big companies that dividends and buybacks that activists favor may create quick returns at the expense of long-term investment.
European Central Bank officials sent strong signals Tuesday that they are willing to consider dramatic steps to guard against dangerously low inflation, including negative interest rates and asset purchases.
Property investors are venturing to Spain, Italy and even Greece in search of bargains, reasoning that the lure of higher returns trumps the risk that Southern Europe will remain mired in sluggish growth.
Jurors found five former employees of Bernard Madoff guilty of fraud, a verdict that shows the convicted Ponzi scheme operator received a wide range of help keeping afloat a scam that ran for decades and cost investors $17 billion.
U.S. hedge fund RD Legal Capital plans to bet as much as $100 million that it can collect on a court judgment against Iran for a deadly terror attack in Beirut three decades ago.
Officials say a new currency market will launch Monday with a flexible exchange rate determined by supply and demand.
Western Union's yellow-and-black logo is increasingly cropping up in the windows of regional banks across the U.S. hunting new sources of revenue.
Internet pioneer Marc Andreessen is doubling down on bitcoin in a bet widespread adoption of the currency will fuel the growth of new businesses and technologies.
The current stalemate could keep the S&P 500 index hemmed in within a relatively narrow trading range of 2% to at most 3% in either direction from current levels, for weeks to come, market watchers say.
Palladium prices jumped to their highest level in 2½ years Friday on fears that top producer Russia would retaliate against U.S. sanctions by cutting exports of the precious metal.
James E. Stowers Jr., who turned a small six-figure investment into one of the nation's largest mutual-fund companies before turning his focus to philanthropy, died Monday at age 90.
The sector is flying high for the first time in years, following a shakeout that thinned the ranks of major carriers and eased some of Wall Street's profitability questions.
Lee Farkas, only a few years ago the chairman of a major mortgage company, now is the most senior executive imprisoned for conduct related to the financial crisis.
Adjustable-rate mortgages, one of the main culprits of the housing crisis, are back in vogue. But banks say this time is different.
Alibaba isn't planning to give any of the banks that are leading its initial public offering a substantially bigger role than the others.