Could coronavirus shut Wall Street? Banks begin moving staff out

Could coronavirus shut Wall Street? Banks begin moving staff out

Global banks are already scrambling to split their workforces to reduce the risk that large numbers of employees fall ill, and testing backup sites to ensure they can continue doing business even if they can no longer access Wall Street or locations in central London. Traders at Goldman Sachs (GS) have ramped up testing of […]

The Market Is Moving. Most People Should Sit Still.

The Market Is Moving. Most People Should Sit Still.

Pauses are good.That forced halt in stock-market activity today, driven by coronavirus fears and a geopolitical fight over oil, happened in part to corral out-of-control algorithms and professional traders with wildly different goals from everyday investors like...