A stock trader named David Miller with Rochdale Securities was arrested today on the grounds that he’d illegally purchased $1 billion in Apple stock, or 1.625 million shares on the day Apple released its quarter earnings in October. The idea was to do a quick sell-off when the stocks rose on Apple’s reported results, cash out and leave the firm’s cash reserves none the worse for wear. But that’s… → Read More
According to Reuters, the U.S. Stock Market will be closed on Monday due to interference that will be caused by the logistical nightmare that comes along with such a huge weather event like Hurricane Sandy. Parts of New York City have already been evacuated.
As early as six hours ago, it was said that the NYSE would not be closing down, but that decision has apparently been reversed as the… → Read More
[photopress:vuzesplash.jpg,full,center] Does the current invitation system used by so-called private BitTorrent sites need to be changed? TorrentFreak, a source of inspiration to nearly everyone on staff here, thinks out loud about this very subject in a recent column. At first, these private sites were largely under the radar of the average after school pirate. A small, trustworthy user base was… → Read More
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