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Alan Greenspan, party pooper, is back on the job. The morning after the Dow and NASDAQ each threw triple-digit shindigs over May?s sleeping-dog inflation number, the Fed chairman told Congress ?- and, of course, the intently listening markets ?- to keep the music down just a little bit. "When we can be preemptive, we should be, because modest preemptive actions can obviate the need of more drastic actions at a later date that could destabilize the economy," he told the Joint Economic Committee. Folks, that?s as clear as the man gets without actually saying it: The Fed will...
Pirates tracks the rivalry between twin iconic weirdos: Jobs and Gates, temperamental opposites who shadow each other from their early days on the tech-conference fringe to the top of the NASDAQ charts. But the movie's focus is primarily on the turbulent Jobs, an adopted child who spends his life creating, and then rejecting, alternative identities, in true '60s seeker style. "One of the things that most fascinates me about him is his ability to blend Eastern philosophy with Western business techniques," says ER's Noah Wyle, who took the role after watching the PBS documentary Triumph...
Nobody likes the idea that in order to reconnect we have to go back to the Elks Club. The problem of civic revitalization requires a lot of creativity--as much as has gone into the Nasdaq and stock trading in the last few years...
...office, we call after-hours stock trading "the badlands." That's because anything goes--information is unevenly disseminated, and scalpers take advantage of any angle they can muster. If you are quick, you prosper; if you are slow, you die. Casualties are high. Now both NASDAQ and the New York Stock Exchange want you to venture into those badlands. Both exchanges made it clear last week that the 4 p.m. closing bell will signify nothing come fall. The markets will stay open till...
...kids, the end of quality time is nigh. The bigwigs at Nasdaq have set in motion a plan to conduct an evening trading session, allowing brokers and online investors alike to buy and sell the index's 100 largest stocks from 5:30 until as late as 9:00 or 10:00 p.m. E.T. "This is very much a product of the stock-crazed world that we're living in right now," says TIME Wall Street columnist Daniel Kadlec. "A bear market in the next month or two, and this plan will quietly go away -- temporarily. In the end, though...