Brandon Fleisher’s parents can thank his eighth-grade math teacher for a lot — $99,000, to be exact.The teacher asked students to pick a stock to follow. Brandon chose Avalon Rare Metals, which hit an all-time high that spring, CNN Money reports.That was four years ago. From there, the Toronto teenager started trading on paper and ultimately became so good his parents […]
Healthcare Stocks Not Immune To Bearish Mood
Crude Hits Lowest Level in Five Years
Biotech stocks joined the market sell-off again with all ETFs hit hard.The most volatile XBI was down 4.27% today and 3.55% over 5 days.Technical support is right about here $175.89, next at $170. During the mid-October swoon the XBI hit near $145. YTD the XBI is still up […]
You may have seen the amazing story today about the high school kid who made $72 million trading stocks. There were plenty of red flags in the original New York Magazine article. But now CNBC is reporting that the $72 million figure is totally bogus.Mohammed Islam, a 17-year-old high school kid in New York, was profiled as a Wall Street […]
Updated 12/15/14 at 2:54 p.m.(CNBC) — The story about a high school student making outrageous amounts of money playing stocks has apparently been over-exaggerated.17-year-old, Mohammed Islam says that he does not know where the reported number came from, but claims that it is inaccurate.Islam says the actual number is still believed to be in the millions, but he declined to say […]
Mohammed Islam says he has made tens of millions of dollars in financial markets. Photograph: LinkedIn
A Stuyvesant high school senior who reportedly made more than $72m trading oil and gold futures has admitted he invented the tale as a hoax.Mohammed Islam, 17, told New York Magazine that he made enough to buy a BMW, rent a fancy apartment and turn […]
EDITOR’S NOTE: Since this story was originally published, the New York Magazine has admitted that Mohammad Islam lied and his claims were false.NEW YORK CITY — The New York Post called him, “the teen wolf of Wall Street.”Mohammed Islam is a 17-year-old from Queens and he has made tens of millions of dollars playing the stock market during his lunch […]
After 7 straight up weeks, the market finally came back some this week. The havoc in the oil market continues to cause consternation. Friday indexes opened down a bit and continued to selloff as the day progressed. The S&P 500 fell 1.62% and the NASDAQ 1.16%. For the week the S&P 500 had its worst performance since May 2012 at […]
At FireEye, we investigate cyber threat activity that typically aligns with one of two goals: the pursuit of sensitive information to fulfill a government’s goals, or the theft of data for financial gain. The media echoes these two objectives daily in news stories about Eastern European cybercriminals stealing payment card data from retailers, or China-based threat groups targeting high tech […]
To invoke the memory of a familiar 80′s E.F. Hutton ad, when Douglas Merrill of ZestFinance speaks of finance, we should listen. (You might want to listen merely because he was previously CIO and VP of engineering at Google.) Midway through 2013, the Los Angeles-based startup received Series C financing to the tune of $20 million.Zest for Lending – And […]
At the center of the data visualization market is Tableau Software, Inc., a company eager to simplify data consumption for the purpose of making it more accessible to everyday users. As Tableau gears up for its annual conference we look back at its notable developments in the past year, as well as expectations for the upcoming event. One big question […]
