Wall Street

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The tidal wave of initial public offerings (IPO) has now dried up as the market reels. Out of eight IPOs set to price last night, four got put on hold. Those that failed to get out the door: Lombard Medical (EVAR)—which cited the dreaded “poor market conditions” according to Renaissance Capital—SCYNEXIS (SCYX), Paycom Software (PAYC), and City …

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The Dow drops more than 250 points. The Nasdaq has its worst day in almost three years. The reason? No one can explain it. For this story and more tune in tonight.

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When will the rotation end? I have said for days that all this talk about rotation out of biotechnology and big momentum Internet stocks actually involves very few companies.There are essentially two dozen or so caught up in this whirlwind: of those, most of have lost roughly 20 percent in the past month. Earnings expectations are absurdly …

High Frequency Trading

The Justice Department announced an investigation into possible insider trading charges by HFT traders.

Stocks end higher as Yellen vows to support economy, but log lackluster Q1

Stocks wrapped up the session on a high note, with the Dow logging triple-digit gains, after Federal Reserve Chair Janet Yellen said there’s still room for the central bank to help the economy. But major index ended relatively flat for the first quarter of 2014. “This week, we’ll see a bit of bargain hunting, especially …

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Michael Lewis gave an interview to “60 Minutes” ahead of the publication of his book, “Flash Boys.” He alleges that the stock market is “rigged” by a cabal of high frequency traders, stock exchanges, and Wall Street firms. He alleges that a lone fellow, a trader named Brad Katsuyama, figured this out and formed a …

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BlackRock Chief Larry Fink thinks companies should focus more on long-term results instead of boosting dividends or buying back stock to appease short-term interests, such as those demanded by activist investors. Billionaire corporate agitator Carl Icahn thinks too many businesses are run by incompetents who waste shareholder money and need to focus on short-term improvements. Who’s right? Read …

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Cue the theme to “Rocky.” Wall Street, already known for being a rough-and-tumble place, may be taking on the characteristics of a boxing ring. In tense on-air discussions this week, verbal sparring matches broke out among a host of financial commentators. The rhetorical pugilists disagreed on everything from gold to the virtues of institutional investing. …

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As winter fades to spring so will the ability of companies to keep using the weather as an excuse for weak performance. Blaming the snow, ice and freezing temperatures for softness in economic data and some high-profile earnings misses—such as Wednesday’s FedEx disappointment—has been easy money for Wall Street. Investors, in fact, have almost completely dismissed most …

High-speed crackdown

New York’s Attorney General is cracking down on high-frequency trading, a strategy which uses super fast computers to gain an edge over others. Eric Schneiderman, who already made clear his intention to police speed traders, is now expanding his investigation and calling for Tougher regulations. He calls the effort “Insider Trading 2.0.”

Fear in the markets

Stocks ended the session lower as investors brace for this weekend’s referendum in Crimea.

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A study released Thursday showed that the Financial Industry Regulatory Authority ”routinely deletes” problematic information that should be highlighted on stockbrokers in data released to investors, The Wall Street Journal said. The Public Investors Arbitration Bar Association, a group of lawyers who represent investors in claims against brokers, found that FINRA omitted data such as brokers’ flunked tests and …

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Hope that companies will begin deploying cash to grow sales and hire workers remain just that—hope that it will happen but defied by a reality showing that corporate America is still playing it relatively safe. Business investment remains elusive for companies that have watched their share prices soar by cutting costs and returning money to …

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Wall Street’s two-year analyst program is the stuff of undergraduate legend. The deal: Give a bank your waking hours for a finite period of time, in which one is guaranteed nearly six figures in compensation and a rigorous boot camp in high finance. That honest bargain created a decades-old institution that provided many a first …

Stock picker’s market

With the bull market possibly moving at a slower pace and lots of volatility predicted ahead, it may be time to go back to basics.