High frequency trading has issues: Pro

Rob Cox, Reuters Breakingviews; Ian Shepherdson, Pantheon Macroeconomics, and Ben White, POLITICO, share their views on whether high frequency trading is fair. The question you have to ask is does it endanger the small investor, says Cox.

  • AT&T Sues Nashville Government over "One Touch" Ordinance
    T
    Zacks

    AT&T Sues Nashville Government over "One Touch" Ordinance

    AT&T Inc. T is proceeding with its legal actions against the "One Touch Make Ready" ordinance imposed by the Nashville City Council. The council recently voted in favor of the ordinance, which allows competitors such as Alphabet Inc’s GOOG Google Fiber install wires on AT&T’s utility poles, without prior approval. Notably, this February, AT&T sued the Louisville Metro Government on the same grounds, backed by Frontier Communications Inc. FTR.

  • Help! A Payday Debt Collector Says I Owe them Money, But It's Not On My Credit Report
    Business
    Credit.com

    Help! A Payday Debt Collector Says I Owe them Money, But It's Not On My Credit Report

    Just ask intrepid consumer reporter Bob Sullivan, who received his very own debt collection note after simply reaching out to a payday loan company (and alleged phantom debt collector) for a story. For starters, payday lenders don't typically report to major credit bureaus, like Experian, according to the bureau's Director of Public Education, Rod Griffin. "Any debt you enter into contractually you are obligated to repay, even if it doesn't appear in a credit report," Griffin said, and ignoring a legitimate debt could have serious consequences.

  • Report: AT&T has set a timeline to phase out satellites and set-top boxes
    Technology
    Dallas Business Journal

    Report: AT&T has set a timeline to phase out satellites and set-top boxes

    AT&T – which is expected to premier its streaming service DirecTV Now later this year – will work to make streaming its primary TV platform by 2020, according to a report from Bloomberg. Under the timeline, set-top boxes and satellite dishes could be obsolete in three to five years, according to the report, which cites people familiar with the plans. Dallas-based AT&T (NYSE: T) has claimed no allegiance to satellite TV technology from day one of its $48.5 billion acquisition of DirecTV, but it hasn’t publicly provided any definitive answers or a timeline on a migration of its 25 million video subscribers toward the software-centric future of TV. The company has, however, said it has much to gain

  • World
    WSJ Live

    Hundreds Killed in Aleppo in Fresh Fighting

    Syria and its Russian allies pressed an assault on Aleppo in what the United Nations called the most intense bombing in years of warfare there, and residents said hundreds of civilians had been killed since a cease-fire fell apart last week. Photo: Getty Images.

  • Global Stocks Take a Dive As Trump Surges Ahead of Debate
    Business
    Foreign Policy Magazine

    Global Stocks Take a Dive As Trump Surges Ahead of Debate

    Ahead of the first in-person clash between Republican presidential nominee Donald Trump and his Democratic rival Hillary Clinton, stocks around the world traded lower. “Investors are acting extremely nervous with regards to the debate … and it highlights the fact that the markets are not focusing on the health of the economy, interest rates and geopolitical events,” Robert Pavlik, chief market strategist at Boston Private Wealth, told Reuters Monday. In Asia, where many nations risk seeing the Trans Pacific Partnership with the United States disappear after the election, the Shanghai Composite Index in China was down 1.8 percent (China isn’t a signatory to the pact).

  • Icahn nominee resigns from Chesapeake board; shares tumble
    Business
    Reuters

    Icahn nominee resigns from Chesapeake board; shares tumble

    Chesapeake said the resignations of Icahn representative Vincent Intrieri, along with John Lipinski, board members since June 2012 and June 2014 respectively, were not due to any disagreements. Chesapeake, Icahn, Intrieri and Lipinski were not immediately available for comment.

  • Are We in a Baby Boomer Retirement Crisis?
    Business
    Investopedia

    Are We in a Baby Boomer Retirement Crisis?

    Baby boomers, born between 1946 and 1964, are heading into retirement in droves (about 10,000 a day, in fact). Along with the aging of this iconic cohort come lots of data about their poor preparation for their golden years. Insufficient preparedness and lack of financial resources for decades without steady employment paint a gloomy picture for many retirees. Are we facing a Baby Boomer retirement crisis? There may not be an easy answer, but read on for data that helps shed some light into this large generation's economic situation. (For related reading, see: How Baby Boomers Will Change the Way Others Retire.) Baby Boomer Retirement Research GoBankingRates recently published research conducted

  • This is your first look at the far more modern 2017 Jeep Compass
    Business
    CNET

    This is your first look at the far more modern 2017 Jeep Compass

    Both of Jeep's midsize offerings, the Compass and Patriot, are getting hella old. They don't look like new Jeeps, and their features lack many modern creature comforts. Instead of flooding the market with two new offerings, Jeep is rolling out just one, and it's using the Compass name. The 2017 Jeep Compass will be an all-new affair, and it will be built in the company's newly established manufacturing facility in Goiana, Pernambuco, Brazil. It's a global SUV, so it'll be sold in more than just the United States. From the looks of it, its new visage absolutely falls in line with other new products, like Renegade or Cherokee. It's far curvier than before, ditching many of the hard angles present

  • A firm with 20 people could make a $3 billion profit
    Business
    Business Insider

    A firm with 20 people could make a $3 billion profit

    Cortec Group is poised to make a killing on its investment in a cooler maker if it successfully goes public. The small private-equity firm could make about $3.3 billion on the initial public offering of Yeti Holdings Inc., which could happen as soon as October, according to a story by The Wall Street Journal's Matt Jarzemsky. Cortec invested about $67 million in Yeti back in 2012, which means it could make 50 times its money in four years, The Journal reported.

  • Astonishing pic of Hillary Clinton shows what we've become
    Entertainment
    CNET

    Astonishing pic of Hillary Clinton shows what we've become

    Technically Incorrect offers a slightly twisted take on the tech that's taken over our lives. Dear famous person, If we want to be seen with you, we'll turn our backs on you. Please don't be offended. It's just that your fame isn't enough for us anymore. We need to attach ourselves to your fame, so that we can post the resulting picture to Twitter, Facebook and Snapchat. That way, we achieve our own sort of mini-fame. Which could be the maximal fame we ever attain. Please forgive me for this missive to the stars. There's a reason: This astounding picture was posted Sunday on Twitter by Hillary For America design lead Victor Ng. He credited the shot to Clinton campaign photographer Barbara Kinney.

  • Here's what to do with your hands during a job interview
    Business
    Business Insider

    Here's what to do with your hands during a job interview

    In a job interview, every little thing matters — from your ability to make eye contact to the color of your suit.So you’ll want to pay extra close attention to what you do with your hands while you’re sitting across from your interviewer.Below, we’ve

  • 9 of the most ridiculous things people have put on their résumés
    Business
    Business Insider

    9 of the most ridiculous things people have put on their résumés

    No résumé is 100% flawless. Many include minor errors — a missing digit on your zip code, or a few too many buzzwords — and while these aren’t favorable in the eyes of the hiring manager, they can easily be forgiven if the candidate is otherwise impressive and qualified for the job.

  • What Happens to Your Credit Score When You Buy a House?
    Business
    Realtor.com

    What Happens to Your Credit Score When You Buy a House?

    If you’ve just bought a new home, chances are you spent quite some time worrying about your credit score. After all, your credit score affects your ability to get a mortgage, and the interest rate you’ll pay on that mortgage. You’ll likely start seeing minor dings in your credit score as soon as you begin applying for mortgages.

  • Is 4 Percent Still the Safest Retirement Amount?
    Business
    U.S.News & World Report

    Is 4 Percent Still the Safest Retirement Amount?

    Back in 1994, William Bergman, a now-retired California financial planner, published a report in the Journal of Financial Planning that pegged 4 percent as the "safest" withdrawal number that would hike the odds of retirees not outliving their money. By and large, Bergman's 4 percent rule was meant to cover 30 years worth of retirement savings. Thus, if a newly-minted 65-year-old retiree could manage to limit annual withdrawals to 4 percent of savings, he or she would still have retirement fund cash available to them by his or her 95th birthday.

  • Business
    Bloomberg Video

    What's Driving the Selloff in the Philippines?

    Sept. 27 -- Hans Sicat, president and chief executive officer at Philippine Stock Exchange, discusses foreign outflows from the country, Philippine stocks and his outlook for the economy. He speaks to Bloomberg's Angie Lau and David Ingles on "Asia Edge."

  • Why Bank of America's Shares Are Tanking Today -- The Motley Fool
    Business
    The Motley Fool

    Why Bank of America's Shares Are Tanking Today -- The Motley Fool

    Shares of Bank of America (NYSE:BAC) are off to a forgettable start this week, down more than 3% as the closing bell on Monday approaches. An SEC investigation found that Merrill Lynch caused market disruptions on at least 15 occasions from late 2012 to mid-2014 and violated the Market Access Rule because its internal controls in place to prevent erroneous trading orders were set at levels so high that it rendered them ineffective. For example, Merrill Lynch applied a limit of 5 million shares per order for one stock that only traded around 79,000 shares per day. Other trading strategies had limits set as high as 25 million shares, which Merrill Lynch reduced to 50,000 shares after the SEC's investigation began.

  • Is Cisco Systems Stock Really Worth $37? -- The Motley Fool
    Business
    The Motley Fool

    Is Cisco Systems Stock Really Worth $37? -- The Motley Fool

    It's often best for investors to largely ignore the stream of upgrades and downgrades coming from analysts. The worst mistake an investor can make is acting on the opinion of others without doing research of his or her own. It can still be useful to see what analysts are saying, but things like price targets should be taken with a grain of salt. Recently, shares of networking-hardware giant Cisco Systems (NASDAQ:CSCO) received a price-target bump from Deutsche Bank. Citing new growth areas like cloud security, Deutsche raised its price target on Cisco stock to $37, up from a previous target of $35. This new price target implies that shares of Cisco could rise 20%. Is Cisco really worth $37 per

  • The maker of the EpiPen just made a big change to the story it told Congress last week
    Business
    Business Insider

    The maker of the EpiPen just made a big change to the story it told Congress last week

    The pharmaceutical company Mylan, which makes the EpiPen, is now saying it understated the profits it derives from the life-saving allergy drug by 60% in a congressional hearing last week, according to The Wall Street Journal. Mylan paid a 7.4% tax rate last year after moving its business to The Netherlands for tax purposes. The company's CEO, Heather Bresch, was called to the House of Representatives to answer for why her company had raised the EpiPen's price by 500% since it purchased the drug in 2007.

  • Philippines' Duterte pivots to China, Russia as investors flee
    Politics
    AFP

    Philippines' Duterte pivots to China, Russia as investors flee

    Philippine President Rodrigo Duterte said Monday he would seek closer economic ties with China and Russia, as the local currency and stock market extended declines following Western criticism of his deadly war on crime. The peso hit a seven-year low to the dollar on Monday and foreign investors pulled out from local shares for a 23rd straight day, which analysts said was due to growing uncertainty over Duterte's handling of what has been one of Asia's best-performing economies in recent years. "I will open trade alliances with Russia and China so all you other investors, just go.

  • A Casino Stock Worth the Gamble -- The Motley Fool
    Business
    The Motley Fool

    A Casino Stock Worth the Gamble -- The Motley Fool

    The gaming industry has been through a lot of turmoil in the past two years, mainly in the world's largest gaming market of Macau. Gaming revenue in Macau has dropped by half and as new resorts from Melco Crown (NASDAQ:MPEL), Las Vegas Sands (NYSE:LVS), and Wynn Resorts (NASDAQ:WYNN) have been completed, they have spread the revenue that's left among a growing number of resorts. And with MGM Resorts (NYSE:MGM) completing a project next year, the supply problem isn't over yet. But declines in gaming doesn't mean casinos aren't spitting out cash quarter after quarter. In fact, there's some decent value in gaming stocks if you know where to look. Here's how the big four stack up right now. Where

  • Oracle Slashes Larry Ellison and Co-CEO's Pay Substantially
    ORCL
    Zacks

    Oracle Slashes Larry Ellison and Co-CEO's Pay Substantially

    Shares of Oracle Corporation ORCL have witnessed a moderate rise over the last 12 months. The company’s stock provided a return of 8.8% compared to the S&P 500’s 12.0% over the period. While emerging opportunities in the Software as a Service (Saas) and

  • Why Oil Prices Will Rise More And Sooner Than Most Believe
    Business
    Oilprice.com

    Why Oil Prices Will Rise More And Sooner Than Most Believe

    As the September 26 to 28 “informal” meeting of OPEC producers in Algeria draws near, media speculation could easily cause mental anguish. On oil news websites simultaneous headlines claim OPEC will both fail and succeed in capping output. Called by OPEC August 8, the stated purpose of the gathering was, “OPEC continues to monitor developments closely, and is in constant deliberations with all member states on ways and means to help restore stability to the oil market”.

  • T-Mobile US to Buy Spectrum from Charter Communications
    TMUS
    Zacks

    T-Mobile US to Buy Spectrum from Charter Communications

    Leading U.S. national wireless carrier T-Mobile US Inc. TMUS recently entered into an agreement with cable MSO (multi service operator) Charter Communications Inc. CHTR to acquire a license of 700 MHz A Block spectrum for Eastern Montana from the latter

  • Samsung Tablet Causes Emergency and Diversion on Transatlantic Flight
    Technology
    ABC News

    Samsung Tablet Causes Emergency and Diversion on Transatlantic Flight

    A Delta flight from Detroit to Amsterdam had to be diverted to Manchester, England, for two hours Saturday into Sunday after smoke and an unknown smell developed in the passenger cabin. A Delta official and a senior U.S. official told ABC News that the emergency on Flight 138 was caused by a Samsung tablet. The Delta official explained that the tablet fell inside a seat and became jammed after the seat either reclined or was returned to its upright position. Underneath the seat cover, the tablet and foam then started smoking, and passengers could smell a strange odor. The flight was diverted to Manchester, where the seat was replaced. After two hours on the ground, the flight was airborne, en

  • Business
    StreetAuthority Network

    2 Gold Miners Beating The S&P 500 By More Than 2,300% In 2016

    From 2012 to the end of 2015, the price of gold fell almost 50%. The price of gold is up 26%, more than a 300% premium to the S&P 500's 6% return. Gold's sudden reversal is being driven by the same trend that's driving the U.S. dollar.