Trader Talk

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, testifies before the Senate Banking, Housing and Urban Affairs Committee during an oversight hearing on Capitol Hill in Washington, September 15, 2022. Evelyn Hockstein | Reuters The current crypto frenzy is ‘”reminiscent of what we had in the 1920s before the federal securities laws were put

Woman and child outdoors. Mother and daughter going to rest on beach. Rimini, Italy. Alex_ugalek | Istock | Getty Images RIMINI, ITALY — The seaside town of Rimini is the Jersey Shore of Italy: From here to the port town of Ancona in the southeast, there are more than 40 miles of sandy beaches.  It was

Apple’s first physical retail store is located in the populous city of Mumbai. Punit Paranjpe | Afp | Getty Images Dimensional’s Matrix Book is an annual review of global returns that highlight the power of compound investing. It’s a fascinating document: you can look up the compounded growth rate of the S&P 500 for every year

The House Financial Services Committee will hold a hearing on oversight of the Securities and Exchange Commission this morning. Oversight hearings are normally a snoozefest but this one has the potential for fireworks.  That’s because SEC Chair Gary Gensler has aroused the ire of many in corporate America over his 50+ list of new regulatory proposals

Today is the final day for the trading industry and investors to submit comments on one of Securities and Exchange Commission Chair Gary Gensler’s most controversial proposals: a partial overhaul of the U.S. trading system. The package is so complex and potentially far-reaching that Gensler has broken them into four separate proposals. Two of them have

The index gurus are at it again. Some of the best-known stocks are getting reclassified on Friday, and that means a lot of money is going to move around.  Ever wonder why Walmart is classified as a consumer staples stock in the S&P 500, but similar retailers such as Target, Dollar General and Dollar Tree are

I was recently at an ETF conference in Miami Beach, and one night a few of us noticed that Bruce Springsteen was playing up the road in Hollywood. We kicked around the idea of going, until someone said that ticket prices were likely $1,000 and up for the sold-out event. We went out to dinner

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, February 17, 2023. Brendan McDermid | Reuters Is the growth of passive investing a threat to the stability of the stock market? A new study says you shouldn’t worry. There have been several very successful investing trends in the

A trader works on the floor of the New York Stock Exchange.  Peter Kramer | CNBC NYSE President Lynn Martin and other exchange officials confirmed to CNBC that the root cause of the Big Board’s trading glitch at the Tuesday open was due to a manual error involving the Exchange’s Disaster Recovery configuration.  After the 9/11 disaster,

The bell at the NYSE Source: NYSE The day after a major trading glitch at the New York Stock Exchange open, the NYSE has issued a statement on what happened: “The root cause was determined to be a manual error involving the Exchange’s Disaster Recovery configuration at system start of day.” That’s all they are

A trader works on the floor of the New York Stock Exchange.  Peter Kramer | CNBC The New York Stock Exchange experienced technical issues at the open Tuesday.  Dozens of stocks opened at prices well above or below their prior day closing prices. Most were halted shortly after the open under rules designed to damp down

This week, Princeton professor Burton Malkiel has published the updated, 50th anniversary edition of A Random Walk Down Wall Street: the Best Investment Guide that Money Can Buy.  More than any other book, it popularized the idea of indexing as an investment strategy and why you can’t beat the market. Malkiel was a close friend

Burton Malkiel, a Princeton University economics professor, in New York, Jan. 26, 2010. Julie Glassberg | The New York Times Want to learn how to be a better investor in 2023?  Two classic books on long-term investing are out in new editions. If your New Year’s resolution is to learn more about the stock and

Bob Pisani, CNBC Scott Mlyn | CNBC Thinking of writing a book? You might want to reconsider. On Monday, a federal judge blocked Penguin Random House’s proposed purchase of Simon & Schuster, agreeing with the Justice Department that joining the two giant publishing houses would lessen competition for top-selling books. As an author, I agree

A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022. Al Drago | Bloomberg | Getty Images While Washington is consumed with the elections next week, the Securities and Exchange Commission is continuing to consider numerous rulemaking proposals that could significantly increase the reporting and disclosure

Countries like the U.S. and U.K. are grappling with inflation that has risen to multi-year highs as the Ukraine war has caused energy prices to spike and food prices to rise. Angela Weiss | AFP | Getty Images Wall Street has a texting problem and the SEC is not happy. Last night the SEC announced charges

Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), listens during a Financial Stability Oversight Council (FSOC) meeting at the U.S. Treasury in Washington, D.C., U.S., on Monday, Dec. 9, 2013. Andrew Harrer | Bloomberg | Getty Images We are live on Wednesday at Piper Sandler’s Global Exchange Conference, where the heads of major

Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), at the SEC headquarters office in Washington, D.C., U.S., on Thursday, July 22, 2021. Melissa Lyttle | Bloomberg | Getty Images SEC Chair Gary Gensler is trying to make good on his promise to address what he believes are deficiencies in the U.S. trading

Gary Gensler, Chair of the U.S. Securities and Exchange Commission, takes his seat before the start of the Senate Banking, Housing, and Urban Affairs Committee hearing on Oversight of the U.S. Securities and Exchange Commission on Tuesday, Sept. 14, 2021. Bill Clark | CQ-Roll Call, Inc. | Getty Images SEC Chair Gary Gensler is testifying

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images Cathie Wood started the year as a bona fide superstar in the rarified world of active stock picking. She ends the year