A tough second in the markets

Cory Doctorow 8:00 pm Fri May 16, 2014

A whack of (presumed) fat-fingered orders caused a massive, one-second drop in stock-trading yesterday; the trades fell through the cracks in the anti-flash-crash stuff that's supposed to keep the high-frequency traders from destroying the planet.

A modest version of that happened in a bunch of stocks yesterday. AOL, for instance, pictured above, just trucked along, then WHOOM, then went right back to trucking along. MoneyBeat has some intraday charts — of AOL, Marathon Petroleum, Lorillard, Canadian Natural Resources, Nabors Industries and, awkwardly Nasdaq OMX — and is it weird that I want to get large prints and hang them on my wall? They're kind of beautiful, although I guess "my kindergartner could have drawn that" would be a valid criticism. They have a distinctly scribbled look.

Stock Markets Had a Rough Second Yesterday [Matt Levine/Bloomberg View]

(via Interesting People)

Brooks Brothers bankrupt

Brooks Brothers is the latest casualty of the Covid pandemic, filing for bankruptcy protection in New York today. The upscale clothiers, one of the last to make garments in the… READ THE REST
How Japanese-style business culture applies to today’s new “business normal”

I'm looking forward to interviewing Yuko Kaifu, president of JAPAN HOUSE Los Angeles, for a live streaming event on July 17 about virtual meetings and how the rest of the… READ THE REST
Tesla denies reports of firing workers who chose to stay at home to avoid coronavirus risk in Elon Musk's factory

On Thursday, Tesla denied media reports that it fired employees who chose to stay at home during the coronavirus pandemic, rather than expose themselves to possible infection at Elon Musk's… READ THE REST
Short Post, just one paragraph

Dessert cheesecake wafer bear claw fruitcake. Fruitcake chupa chups donut candy canes marzipan. Apple pie sweet roll tart chocolate cake macaroon marshmallow carrot cake gummi bears sweet. Pastry sugar plum… READ THE REST
Save 50% on a 1-year subscription to Dashlane's premium password manager

We all know vital information about ourselves and our private digital accounts can be compromised by cybercriminals. However, many would be frightened to know just how compromised they and their… READ THE REST
The Bite Helper removes the itch of a mosquito bite in seconds

While mosquitoes have certainly earned their title as the deadliest animal on earth, their impact on most of our lives is usually a lot less consequential. But even though they… READ THE REST