Thursday, 15 August 2019

Bernie Madoff whistleblower says GE is a bigger fraud than Enron

Harry Markopolos is famous for blowing the whistle on Bernie Madoff's Ponzi scheme, which blew up in 2008. Now the accounting investigator has his sights set on a new target: General Electric. He accuses the troubled company of orchestrating a massive fraud.
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Bernie Madoff whistleblower says GE is a bigger fraud than Enron
Harry Markopolos is famous for blowing the whistle on Bernie Madoff's Ponzi scheme, which blew up in 2008. Now the accounting investigator has his sights set on a new target: General Electric. He accuses the troubled company of orchestrating a massive fraud. Read more »
 
Dow gives investors whiplash after the worst day of the year for stocks
he Dow is trying to recover from an 800-point loss, the worst of 2019. But investors are unsure of what will happen next in the markets. Conflicting signals are giving people whiplash. Read more »
 
Asian markets roiled by recession fears after Wall Street sell-off
Asian markets were roiled by recession fears Thursday. Several major indexes all dropped at the open, following Wall Street's worst day of the year. Read more »
 
Tencent profits bounce back. But there's trouble ahead
Tencent's profit jumped 35% in the second quarter thanks to a sharp turnaround in its video game business. But more challenges are ahead. Read more »
 
What is the yield curve -- and why it matters
The bond market is flashing a big neon caution sign. Read more »
 
With the Apple Card, Goldman Sachs is getting deeper into the subprime lending business
Apple and Goldman Sachs, two of America's premier high-end brands, are in the subprime lending business. Read more »
 
 
 
 
Dow Nasdaq S&P
+99.97   -7.32   +7.00
25,579.39   7,766.62   2,847.60
+0.39%   -0.09%   +0.25%
YTD +9.65%   YTD +17.05%   YTD +13.59%
 
Biggest Winners
Walmart Inc +6.11%
 
Agilent Technologies Inc +6.10%
 
NetApp Inc +3.94%
 
Brown-Forman Corp +3.86%
Biggest Losers
Tapestry Inc -22.20%
 
General Electric Co -11.30%
 
Cisco Systems Inc -8.61%
 
Gap Inc -7.08%
Hottest ETF
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NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $54.69 +0.22 / +0.40%
Gold $1,535.10 +3.90 / +0.25%
10-yr 1.53% -0.05
Euro $1.11 -0.00 / -0.26%
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