Financial Markets

Wall Street Bonuses Are Up 8%! Happy Hump Day!

No better time than a Wednesday to hear a headline we're unfortunately (yet willingly) accustomed to. New York State Comptroller Thomas DiNapoli announced yesterday that the collective pool of Wall Street bonus rewards is now up to $20 billion, showing a 8 percent rise in extra paychecks to the den ... More >>

Trinity Wall Street Rector James Cooper Announces Plans to Retire

A year after vestry members tried unsuccessfully to get Reverend James Cooper to step down as head of Trinity Wall Street, and two days after a congregant sued Cooper and other church leadership over alleged voting improprieties, Cooper announced late today that he will be stepping down. The announ ... More >>

Obama Picks NYC Prosecutor To Head The SEC

If you're gonna clamp down on Wall Street, it's probably best that you choose someone who's been doing it for years. In 1993, Mary Jo White became the first woman to ever become a Manhattan attorney at the federal level. During her nine-year tenure in the Southern New York district, she went after ... More >>

Comptroller Thomas DiNapoli: Wall Street Is Doing Kinda/Sorta Better Than You

Whether you're a part of the 47 Percent, the 99 Percent, the 1 Percent or some other slogan-driven demographic, this news should not surprise you: Wall Street is making a ton of money. Actually, it had its 5th best start of all time, doubling its profits from last year. In 2012 alone, the securities ... More >>

Artist Zefrey Throwell On His 'Ocularpation' and Occupy

Of all the nude people we covered this summer, one in-the-buff group now seems oddly prescient. On August 1, artist Zefrey Throwell staged "Ocularpation: Wall Street." At first, the 50 performers were dressed as people who work on Wall Street -- businessmen and janitors alike. Then, they stripped. S ... More >>

Occupy Wall Street National Day of Action: Live Updates From Downtown Manhattan

Nick PintoThe NYSE, which protestors did not stop from opening today​Good afternoon, and welcome to the evening edition of the Village Voice liveblog of Occupy Wall Street's Day of Action. Today, November 17, marks the two month anniversary since Occupy Wall Street began in Zuccotti Park. Pro ... More >>

Occupy Wall Street Library Says 'It's Time to ShutDownNYC' After Books Reportedly Destroyed

​Occupy Wall Street has tweeted that the 5,554 books comprising the OWS library have been trashed by the NYPD in the raid. GalleyCat reports that @OWSLibrary has been tweeting about the eviction and the destruction of their books, documents, and artwork throughout the night.

Occupy Wall Street's Big Plans For Its Two-Month Anniversary

​Occupy Wall Street will be two months old on November 17th, and it's pulling out all the stops. It was announced on the occupation's main Twitter account at the end of October that something would be going down, and now we know: the plan is to "shut down" Wall Street and the New York Stock Ex ... More >>

Top 10 Reasons Why So Few Black Folk Appear Down To Occupy Wall Street

What the 1% Say: Grading Bankers' Aloofness

​After entrenching themselves in Zuccotti Park for weeks, the Occupy Wall Street protesters have finally grabbed the attention they originally sought. What started as a largely ignored sideshow is now a global phenomenon, and the demonstrators' voices are being heard from Wall Street to The Ha ... More >>

Raj Rajaratnam, Hedge Fund Emperor, Slapped With 11-year Prison Sentence

​One of the more sinister figures in the Wall Street scandals, disgraced hedge fund manager Raj Rajaratnam, was sentenced in Manhattan federal court to 11 years in prison today. He was also fined $63 million. Prosecutors described his trail of fraud and deception as the largest hedge fund ins ... More >>

Right-Wing Sites Succumb To Silly Occupy Wall Street Conspiracies

A wave of reports "exposing" the secret liberal money behind the Wall Street occupation has been cresting over the right-wing blogosphere, which has been at a loss to explain how a movement of dumb dirty hippies has managed to build up attention and support rather than explode or fade away. The answ ... More >>

Transport Workers Union Denied Injunction Against City's Use of Bus Drivers to Transport Arrested Protesters; Suit Not Dismissed

Today the Transport Workers Union, which last week voted unanimously in support of Occupy Wall Street, went to court to fight against the city's use of city bus drivers to transport arrested protesters. Following the Brooklyn Bridge arrests on Saturday, the Union said the NYPD had commandeered numer ... More >>

Occupy Wall Street, Day Three: Inefficiency Starts to Cripple Protest

This is what democracy looks like.​The Occupy Wall Street protest drew thousands of demonstrators to the Financial District this weekend, when the markets were closed and the neighborhood was largely a ghost town. This morning, as the inexplicably-timed protest entered its third day, demonstr ... More >>

The New Wall St. Burgers Truck Uses Grass-Fed Beef, 'Handpicked' Produce, 'Cage-Free' Chickens...and Kraft Cheese

​Just because the streets of Midtown are no longer safe for mobile entrepreneurs doesn't mean they won't keep trying. According to Midtown Lunch, a new truck called Wall St. Burgers was spotted on the corner of Park Avenue and 55th Street last Friday. There's no word yet about the merits of th ... More >>

Performance Art Brings Naked People To Wall Street

via Gawker​This morning 50 people got naked on Wall Street. Nope, it wasn't a rebellion staged by haggard I-banking interns who had spent one too many late nights glaring at Excel spreadsheets: it was performance art! As a part of "Ocularpation: Wall Street" created by artist Zefrey Throwell, ... More >>

Wall Street Bonuses Down, But Nobody's Making Less

With profits higher than ever on Wall Street, executives are starting to shift their compensation packages away from bonuses and into higher salaries, State Comptroller Tom DiNapoli said in an annual report today. While Wall Street salaries were up by six percent in 2010, bonuses declined by 8 perc ... More >>

Mayor Bloomberg and Bonuses: A Classic Flip-Flop?

Bonus baby​One major theme of Mayor Michael Bloomberg's State of the City Address yesterday was his call for belt tightening in light of spending cuts and tough economic times. The mayor specifically brought up one example of spending that he hopes to eliminate: the $12,000 annual Christmas b ... More >>

Facebook, LinkedIn Racing to Go Public

​Facebook, which the Wall Street Journal calls "one of the world's hottest technology companies" (have you heard?), will likely go public this year as its shareholders surpass 500 in number, forcing the company to either disclose its financial information "or go public by April 2012." This com ... More >>

Wall Street Bull Gets Snazzy New Yarn Coat, Briefly

via Bowery Boogie​Before the great snowstorm of 2010 got started, Lower East Side artist Olek, who really can crochet anything (cars, bikes, baby bikes, people), managed to crochet the Wall Street bull. Which would have made him a nice warm coat for the snow had city officials not ripped it aw ... More >>

BOOKSHAKALAKA: The National Book Awards Jam Throws Down for 2010

The 2010 National Book Awards at the Cipriani Wall Street ballroom. All the people who were at these tables are still hungover.​An unlikely ballroom of people in the troubled business of literature -- publishers, editors, writers, reporters, and respective sycophants -- gather yearly to ostens ... More >>

Dan Donovan: 'I'm No Sheriff of Wall Street'

​The most disturbing story of the day on the state political beat is the Reuters piece quoting Republican attorney general candidate Dan Donovan. It confirms my worst fears about him and makes Tuesday's Democratic primary all the more important. The headline is "NY Republican candidate: ... More >>

Breaking: Wall Street Unexpectedly Happy Today

​Shares on Wall Street surged -- surged, mind you! -- today, surprising dour-faced predictors everywhere. Thanks to growth in China and Australia, maybe we won't have to face Recession 2.0, a/k/a, "global economic sloooowwwdown" after all. Also, the U.S. manufacturing sector grew faster than e ... More >>

Wall Street Bees to Move to Connecticut, Just Like Actual New Yorkers

The bee man does his thing.​A swarm of "worker" (har har) bees was seen hanging around the door of Cipriani's at 55 Wall Street on Monday in an unprecedented event that attracted a huge crowd of video-taping onlookers and many, many news stories from editors who'd been just aching for a pun al ... More >>

Perps Walk! No One Cares! Barack Obama Gently Pulls Probe Out of AIG's Joseph Cassano

Our question last October, posed by James Lieber: "When Do We Go After the Crooks Behind Our Financial Collapse?" Now we know the answer: Never. Why aren't you more pissed off? Why is this story being underplayed?

Wall Street Runs for Congress

Lots of hedging from Carolyn Maloney's foe, hedge fund lawyer challenger Reshma Saujani

New Ad Calls for Pinky-Ringed Wall Streeters to Do the Right Thing

​For the two or three of you out there who still watch commercials, you're about to start seeing a rather amateurish statewide ad that asks -- nay, demands! -- Wall Street and big businesses (who all smoke cigars, wear multiple gold rings, and take their Pellegrino with lemon, thank you very m ... More >>

Hopping Around Wall Street's Holiday Parties—Or Lack Thereof

Local Hedge-Fund Billionaire Nabbed in Insider Trading Sweep

​A billionaire hedge fund manager and a well-known philanthropist in New York City's South Asian community was one of six hedge fund managers and corporate executives arrested Friday in an insider trading case that prosecutors say reaped more than $20 million in illegal profits. Raj Rajaratna ... More >>

ALL THE RAGE

Suits on Wall Street can use a little pillow love

Nissan crashes; hedge funds lick chops; incoming Israel govt. may take 'harder line'

Harkavy Plans are moving apace to purposely set up a "toxic bank" full of poisonous assets to further bail out those banks that had greedily and recklessly accumulated them. Call it Shitibank. And give it the naming rights to the new baseball stadium for the New York Mets, taking the moniker awa ... More >>

What Cooked the World's Economy?

It wasn't your overdue mortgage.

Winner will have to take office RIGHT NOW!

Daily Flog II: Hedge funds to the rescue; kitten-burgers in Peru

Daily Flog: Hedgehog Day on Wall Street; no one's selling greed short

Morning Report 10/12/05
Over A Barrel

Viacom Execs Get $100 Mil

CBS parent's stock fell while duo raked in dough for on-the-job training

Al's Secret Admirers

F.E.C. Filings reveal that Sharpton has friends with friends in high places

Disorganized Conspiracy

When you've got money and power, who needs meetings in secret boardrooms?

Crawling toward Wall Street: Dehumanization in several guises

Who's Who in the U.S.-Led Coalition Against Iraq?

What’s Wrong With 401(k)'s?

Brokers Get Rich. The Rich Get Tax Breaks. And the Little Guy Gets No Pension.

Phil Gramm’s Enron Favor

Watchdog: Senator Pushed End to Oversight for Campaign Contributor

Shrub's First Big Crisis

Retirement Funds Melt as Wall Street Stumbles

Many Happy Returns

Lazio Took a Smart Pill, His Tax Records Show

Black Slaves Not News in New York

‘Running, I Can Smell the Horses’

Letters

The Advancing Abolitionists

How Clean Is Amoco's Gas?

Tools of the Trader

Could the NYSE Hold the Key to the Future of Electronic Trading?

Mutual Satisfaction

Got money on the brain as tax time looms? Save the planet and make a profit.