Adam

9 Flips | 6 Magazines | 7 Likes | 4 Following | @pankara | Keep up with Adam on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Adam”

Bank of America Merrill Lynch is firing traders

The job cuts have already taken place in Asia, and they are working their way across time zones to Europe and now the US, according to people familiar with the matter.<p>Arnaud Droitcourt, head of equity trading in Asia Pacific, and Robert Grillo, head of fixed income e-sales, are among those to have …

10 countries hoarding enormous piles of gold

Gold is on fire.<p>Last week, the shiny metal officially entered a bull market, defined as a 20% rally off recent lows.<p>But investors aren't the only ones feeling gold: central banks just can't get enough of the shiny metal either.<p>According to the latest report from the World Gold Council, central …

3 Stocks I'll Hold Forever

Long-term investors are likely familiar with Warren Buffett's declaration that his favorite holding period for stocks is"forever." While it might be impractical to hold some stocks "forever," it makes good sense to hold your best stocks for as long as possible to maximize your gains.<p>Today, I'll …

Brexit: The big numbers you need to know

It's settled: Britain will vote on June 23 whether to stay in the European Union.<p>Prime Minister David Cameron announced the date Saturday after striking a deal with EU leaders to give Britain a "special status" within the EU, in an attempt to keep the country inside the 28-nation bloc.<p>It took the …

Applications for US jobless aid rise, but levels still low

WASHINGTON (AP) — More Americans sought unemployment benefits last week, but applications stayed near historically low levels in a positive sign for …

Barclays, Credit Suisse to strike record deals with SEC, NY over dark pools

WASHINGTON (Reuters) - Barclays (BARC.L) and Credit Suisse CSGN.VX have settled federal and state charges that they misled investors in their dark pools, with Barclays admitting it broke the law and agreeing to pay $70 million, federal and New York state officials said on Sunday.<p>A couple walks past …

U.S. economy likely shrank in first quarter, but fundamentals strong

WASHINGTON (Reuters) - The U.S. economy likely contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity since has rebounded modestly.<p>The government is expected to report on Friday that gross domestic product shrank at a 0.8 …

Ex-Madoff trader testifies against co-workers, avoids prison

NEW YORK (AP) — A longtime trader for Bernard Madoff's firm was sentenced Wednesday to 10 months of home confinement after his testimony helped …