NEW YORK – Exactly a month after a few hundred anti-capitalism activists set up camp in New York, the Occupy Wall Street movement has gone international and won the attention of the White House – even if no one knows where it will go next. Protesters sheltering under plastic tarps in the well organized camp at Zuccotti Park, near Wall Street, began their second month in situ Monday with plans to follow up on big demonstrations that swept through the popular Times Square area over the weekend. They not only have set up all the basic needs of an open-air community – ranging from a cell phone charging station to a library – but are flush with US$275,000 in donations, according to Darrell Prince, an organizer at the protest's finance committee. The next major event could be on Saturday which will see a "National Day off Protest to Stop Police Brutality," according to the www.occupywallst.org website. Defying expectations, the movement already has had a huge impact, … [Read more...] about Occupy Wall Street flexes muscles one month on
When wall street opens
Hundreds of protesters took to the streets in New York's financial district Thursday, swarming sidewalks near the New York Stock Exchange amid scuffles with police, on the Occupy Wall Street movement's two-month anniversary. The protest began after 7 a.m. eastern time as the crowd gathered around Zuccotti Park and marched to Wall Street, chanting slogans like "Shut down Wall Street," "We are the 99%." New York Police beefed up security with a heavy presence in the neighborhood, using motorcycles and metal barricades to block the protesters' progress. NYSE workers were asked to show identifications to enter the area. Nevertheless, trading at the NYSE opened as usual at 9:30 a.m. "Here is the evil place of American capitalism and we are here to protest the gap between the rich and poor," a protester named Katie told Xinhua, while chanting "shame, shame." "I respect their right to protest and rally, but please also respect our right to have a normal life," an office worker named Peter … [Read more...] about Occupy Wall Street protesters march on NYC’s financial district
Asian stocks rose briskly on Wednesday, with sentiment lifting as Wall Street rose before a likely hike in U.S. interest rates, while the dollar held to large gains made as Treasury yields picked up. Spreadbetters saw the upbeat momentum in equities being retained in Europe and forecast a higher open for Britain's FTSE .FTSE, Germany's DAX .GDAXI and France's CAC .FCHI. The Federal Reserve is expected to announce a hike in interest rates when its two-day policy setting meeting ends later in the day. It would be the first U.S. rate hike in nearly a decade, signaling the beginning of an end to an expansionary monetary policy that has supplied a tidal wave of liquidity to risk asset markets globally. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 2 percent. Shanghai stocks .SSEC edged up 0.8 percent and Australian shares rallied 2.2 percent. Crude oil prices bouncing from multi-year lows buoyed energy-related shares. Japan's Nikkei .N225 surged 2.5 percent, … [Read more...] about Asia surges as Wall Street gains lifts sentiment before Fed decision
VietNamNet Bridge – A hot debate continues about the decision to move the headquarters of the stock exchange from Ho Chi Minh City to Hanoi. The HCMC Stock Exchange. Ho Chi Minh City is the center of economy and finance of the country. Infrastructure, investors and financial institutions are largely located in the city. Many experts and investors questioned the move after they learned that the Ministry of Finance had submitted to the PM a proposal to merge Ho Chi Minh City Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) as one, based in Hanoi with the name “Vietnam Stock Exchanges”. The "cradle" of the VN stock market In the eyes of many investors and financial world, Ho Chi Minh City is the "cradle" of the stock market. When you say "the Wall Street of Vietnam", domestic and foreign investors will immediately think of the busy area on Nguyen Cong Tru Street (District 1) and the adjacent streets. The Ho Chi Minh City Stock Exchange is a modern building, … [Read more...] about Why will ‘Wall Street’ be moved from HCM City to Hanoi?
Emily Samuelson competed at the highest level as an ice dancer over the course of her 15-year career, retiring after skating in the 2010 Vancouver Olympics. But like many Olympians, she never earned enough to cover her expenses. Her parents spent $50,000 a year on her sport, an investment she tried to pay back by giving them three-quarters of her winnings. She saved and invested the rest. Samuelson, 26, knew that many Olympic friends struggled with money, and she saw an opportunity for a career after skating. She's now among a number of Olympians working in wealth management at big banks, which hope that the cachet of their athletic careers impresses prospective clients. UBS Wealth Management Americas, Bank of America's Merrill Lynch and Morgan Stanley all employ several retired Olympic athletes. "I got addicted to saving, (and) I started investing at 14," said Samuelson, now a financial adviser for Bank of America Merrill Lynch in Michigan. "Good, honest direction is lacking in the … [Read more...] about From the Olympics to Wall Street: The athletes who become brokers