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Trading basics

1973 oil crisis

In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973 Yom Kippur War, which began after Egypt and Syria launched a large-scale surprise attack in an ultimately unsuccessful attempt to recover the territories that they had lost to Israel

Banking

1988–1992 Norwegian banking crisis

The 1988–1992 Norwegian banking crisis was the largest financial crisis that occurred in Europe since the end of World War II within Norway. The crisis emerged from a backdrop of financial deregulation, which unleashed a wave of perilous credit operations and a subsequent lending frenzy. The elimination of lending rate constraints led Norwegian banks to partake in high-risk activities, r

Banking

1990–1994 Swedish financial crisis

The 1990–1994 Swedish financial crisis took place in Sweden when the deflation of a housing bubble caused a severe credit crunch and bank crisis and a deep recession. Similar crises took place in countries around the same time, such as in Finland and the Savings and Loans crisis in the United States. The causes of the crisis were similar to those of the subprime mortgage crisis of 2007–

Banking

1990s Finnish banking crisis

The 1990s Finnish banking crisis was a deep systemic crisis of the entire Finnish financial sector that took place mainly in the years 1991–1993, after several years of debt-based economic boom in the late 1980s. Its total taxpayer cost was roughly 8% of the Finnish GNP, making it the most severe of the contemporary Nordic banking crises. The crisis has been attributed to a combination o

Trading basics

1991 Indian economic crisis

The 1991 Indian economic crisis was a balance-of-payments crisis in which India's foreign-exchange reserves fell to a level barely sufficient to pay three weeks of imports. It followed a decade of large fiscal deficits and rising external borrowing and came to a head in 1990-91 because of rising oil prices during the Gulf War, political instability that prevented the government from pass

Trading basics

1994 bond market crisis

The 1994 bond market crisis, or Great Bond Massacre, was a sudden drop in bond market prices across the developed world. It began in Japan and the United States (US), and spread through the rest of the world. After the recession of the early 1990s, historically low interest rates in many industrialized nations preceded an unexpectedly volatile year for bond investors, including those tha

Finance

1997 Asian financial crisis

A financial crisis gripped much of East and Southeast Asia during the late 1990s. It began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid, and worries of a meltdown quickly subsided.

Trading basics

1998 Russian financial crisis

The Russian financial crisis (also called the ruble crisis or the Russian flu) began in Russia on 17 August 1998. It resulted in the Russian government and the Russian Central Bank devaluing the ruble and defaulting on its debt. The crisis had severe impacts on the economies of many neighboring countries.

Trading basics

1998–1999 Ecuador economic crisis

The 1998–99 Ecuador economic crisis was a period of economic instability that resulted from a combined inflationary-currency crisis, financial crisis, fiscal crisis, and sovereign debt crisis. Severe inflation and devaluation of the sucre led to President Jamil Mahuad announcing on January 9, 2000, that the U.S. dollar would be adopted as the national currency. Poor economic conditions a

Trading basics

1998–2002 Argentine great depression

The 1998–2002 Argentine great depression was an economic depression in Argentina, which began in the third quarter of 1998 and lasted until the second quarter of 2002. It followed fifteen years of stagnation and a brief period of free-market reforms. The depression, which began after the Russian and Brazilian financial crises, caused widespread unemployment, riots, the fall of the govern

Banking

2002 Uruguay banking crisis

The 2002 Uruguay banking crisis was a major banking crisis that hit Uruguay in July 2002. The crisis unfolded after years of heavy dollarization since the 1950s when chronic inflation and weak confidence in the peso led Uruguayans to prefer U.S. dollars. This left the economy highly exposed to external shocks. The crisis was caused by a considerable contraction in Uruguay's economy and b

Banking

2003 Myanmar banking crisis

The 2003 banking crisis of Myanmar was a major bank run in private banking that hit Myanmar (Burma) in February 2003. It started with a decline in the trust for private financial institutions following the collapse of small financial enterprises and proliferating rumors about the liquidity of major private banks. Leading to a bank run on the Asia Wealth Bank, the crisis quickly spread to

Trading basics

2008 financial crisis

The 2008 financial crisis was a major worldwide financial crisis which started in the U.S. The first phase was the subprime mortgage crisis, which began in early 2007 as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankrup

Finance

2011 Bangladesh share market scam

The 2010-11 Bangladesh share market scam was a period of instability in the stock market from 2009 to 2011; the turmoil occurred in both stock exchanges of Bangladesh, Dhaka Stock Exchange and Chittagong Stock Exchange. The market rose 62% in 2009, and 83% in 2010, but then declined 10% in January 2011, and a further 30% in February 2011. The crash is deemed to be a scam and exacerbated

Trading basics

2021–2023 inflation surge

Following the start of the COVID-19 pandemic in 2020, a worldwide surge in inflation began in mid-2021 and lasted until mid-2022. Many countries saw their highest inflation rates in decades. It has been attributed to various causes, including pandemic-related economic dislocation, supply chain disruptions, the fiscal and monetary stimulus provided in 2020 and 2021 by governments and cent

Banking

2022 Henan banks protests

The 2022 Henan banks protests were a series of demonstrations against four regional banks of Henan province, including Yuzhou Xinminsheng Village Bank, Shangcai Huimin County Bank, Zhecheng Huanghuai Community Bank and New Oriental Country Bank of Kaifeng, over alleged financial corruption. Deposits totaling around 40 billion yuan at these four banks in Henan, as well as at Guzhen Xinhua

Trading basics

2023 United States banking crisis

The 2023 United States banking crisis was a series of bank failures and bankruptcies that took place in early 2023, with the United States federal government ultimately intervening in several ways. Over the course of five days in March 2023, three small-to-mid size U.S. banks failed, triggering a sharp decline in global bank stock prices and swift response by regulators to prevent poten

Finance

50 Things That Made the Modern Economy

50 Things That Made the Modern Economy is a radio show and podcast on the BBC World Service. It is presented by economist and journalist Tim Harford. The first series was broadcast between 5 November 2016 and 28 October 2017. A second series began on 30 March 2019.

Finance

Accounting liquidity

In accounting, liquidity (or accounting liquidity) is a measure of the ability of a debtor to pay their debts as and when they fall due. It is usually expressed as a ratio or a percentage of current liabilities. Liquidity is the ability to pay short-term obligations.

Trading basics

Administration and liquidation of the Rangers Football Club plc

Rangers is a professional football club in Scotland founded in 1872. The club entered financial difficulties during the late 2000s, and the club (trading as The Rangers Football Club plc) entered administration in February 2012. It owed substantial amounts to HM Revenue and Customs (HMRC), who subsequently refused to allow Rangers to exit administration via a company voluntary arrangemen

Trading basics

Admiral Group

Admiral Group plc is a British financial services company headquartered in Cardiff, Wales. Listed on the London Stock Exchange, it is a constituent of the FTSE 100 Index, and markets the Admiral, Bell, Elephant, Diamond and Veygo insurance brands, and founded the price comparison services Confused.com, which it sold in 2021, and Compare.com.

Trading basics

Agricultural finance

Agricultural finance is a branch of finance which comprises financial services for agricultural production, processing and marketing, leasing (both land and equipment), and crop and livestock insurance.

Securities & exchanges

Ahmedabad Stock Exchange

The Ahmedabad Stock Exchange (ASE) was the second-oldest exchange of India located in Ahmedabad, Gujarat. It was owned by Government of India. Started in 1894, it was closed down in April 2018.

Finance

Altman Z-score

The Z-score formula for predicting bankruptcy was published in 1968 by Edward I. Altman, who was, at the time, an Assistant Professor of Finance at New York University. The formula may be used to determine the probability that a firm will go into bankruptcy within two years. Z-scores are used to predict corporate defaults and an easy-to-calculate control measure for the financial distres

Trading basics

American Research & Development Corporation

American Research & Development Corporation (ARD) was an American investment firm founded in Boston in 1946. Considered the first modern venture capital firm in the United States, the firm set industry precedents by combining institutional capital with professional selection and oversight of early-stage ventures.

Banking

Amsterdam banking crisis of 1763

The Amsterdam banking crisis of 1763 in the Netherlands followed the end of the Seven Years' War. At this time prices of grain and other commodities were falling sharply, and the supply of credit dried up due to the decreased value of collateral goods. Many of the banks based in Amsterdam were over-leveraged and were interlinked by complex financial instruments, making them vulnerable to

Securities & exchanges

Anne Dias-Griffin

Anne Dias-Griffin is a French-American investor. She is the founder and chief executive officer of Aragon, an investment firm active in global equities, with a focus on the internet, technology, and consumer sectors, as well as alternative assets.

Finance

Anti–money laundering software

Anti-money laundering (AML) software is software used in the finance and legal industries to help companies comply with the legal requirements for financial institutions and other regulated entities to prevent or report money laundering activities. AML software can facilitate faster and more accurate compliance and investigations.

Trading basics

Arconic

Arconic Corporation is an American industrial company specializing in lightweight metals engineering and manufacturing. Its products are used worldwide in aerospace, automotive, packaging, oil and gas, building and construction, defense, commercial transportation, consumer electronics, and industrial applications.

Securities & exchanges

Armenia Stock Exchange

The Armenia Stock Exchange (AMX; Armenian: Հայաստանի ֆոնդային բորսա, romanized: Hayastani fondayin borsa), formerly known as NASDAQ OMX Armenia and the Armenia Securities Exchange, is the only stock exchange currently operating in Armenia. It is located in Yerevan, the capital city. The state regulatory authority for the stock exchange and the Armenian securities market is the Central B

Trading basics

Athenahealth

Athenahealth, Inc. is a privately held American company that provides cloud-based SaaS healthcare technology and network-enabled services and point-of-care mobile apps for healthcare in the United States. Its primary product is athenaOne, an all-in-one software platform that combines electronic health record (EHR), practice management, medical billing, claims denials, prior authorization

Trading basics

Au Bon Pain

ABP OPCO, LLC, doing business as Au Bon Pain, (French pronunciation: [o bɔ̃ pɛ̃], meaning "at the good bread") is an American fast casual restaurant, bakery, and café chain headquartered in Richardson, Texas, which as of 2025 operated 34 locations in the United States as well as several outlets in Thailand. The company is owned by the Yum! Brands franchisee management company AMPEX Brand

Banking

Australian banking crisis of 1893

The 1893 banking crisis in the Australian colonies involved the collapse of a considerable number of commercial banks and building societies, and a general economic depression. It occurred at the same time as the US Panic of 1893 (1893–1897).

Trading basics

Avantor

Avantor, Inc. is an American biotechnology, chemicals, and pharmaceutical company headquartered in Radnor, Pennsylvania. Established in 1904 as J.T. Baker, the company changed its name to Avantor in 2010. Avantor went public in 2019 and is now listed on the New York Stock Exchange under the symbol “AVTR”.

Trading basics

Average true range

Average true range (ATR) is a technical analysis volatility indicator originally developed by J. Welles Wilder, Jr. for commodities. The indicator does not provide an indication of price trend, simply the degree of price volatility.

Trading basics

Bailout

A bailout is the provision of financial help to a corporation or country which otherwise would undergo bankruptcy. A bailout differs from the term bail-in (coined in 2010) under which the bondholders or depositors of global systemically important financial institutions (G-SIFIs) are forced to participate in the recapitalization process but taxpayers are not. Some governments also have th

Securities & exchanges

Bangladesh Securities and Exchange Commission

The Bangladesh Securities and Exchange Commission (BSEC) is the regulator of the capital market of Bangladesh, comprising Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The commission is a statutory body and attached to the Ministry of Finance.

Banking

Bank failure

A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. Failing banks share commonalities: rising asset losses, deteriorating solvency, and an increasing reliance on expensive noncore funding.

Banking

Bank run

A bank run or run on the bank occurs when many clients withdraw their money from a bank, because they believe the bank may fail in the near future. It may occur when, in a fractional-reserve banking system (where banks normally only keep a small proportion of their assets as cash), a large volume of customers seek to withdraw a greater amount of cash from deposit accounts with a financia

Banking

Banq

"Banq" and "banc" are alternative spellings used in company names to evade legal restrictions on the use of the word 'bank' while maintaining a similar pronunciation. This practice is common in the financial services industry, particularly in the United States.

Banking

Baring crisis

The Baring crisis or the Panic of 1890 was an acute recession in the United States. Although less serious than other panics of the era, it is the 19th century’s most famous sovereign debt crisis, and the 17th largest decline in U.S. stock market history.

Finance

Bellevue Group

Bellevue Group AG, headquartered in Zurich, is a listed investment management corporation based in Switzerland. The company is active in the areas of healthcare investments, investments in small and medium-sized enterprises, as well as multi asset and bonds.

Finance

Bias ratio

The bias ratio is an indicator used in finance to analyze the returns of investment portfolios, and in performing due diligence.

Finance

Black Knight, Inc.

Black Knight, Inc. is an American corporation that provides integrated technology, services, data and analytics to the mortgage lending, servicing and real estate industries, as well as the capital and secondary markets. Black Knight is also known for its monthly benchmark data reports: Mortgage Monitor, a month-end analysis of mortgage performance statistics derived from Black Knight's

Trading basics

Blurb

A blurb is a short promotional piece accompanying a piece of creative work. It may be written by the author or publisher or quote praise from others. Blurbs were originally printed on the back or rear dust jacket of a book. With the development of the mass-market paperback, they were placed on both covers by most publishers. Now they are also found on web portals and news websites. A blu

Finance

Borsa Italiana

Borsa Italiana (lit. 'Italian Stock Exchange') or Borsa di Milano (lit. 'Milan Stock Exchange') is the Italian stock exchange based in Milan at Palazzo Mezzanotte. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies.

Trading basics

Branding national myths and symbols

Branding national myths and symbols (BNMS) is a field of research focusing on branding and marketing of a nation's myths and symbols. The research blends the theories of marketing, cultural communications, sociology, public relations, and semiotics. The awareness of a nation's (or a collective group's) internal myths and symbols may result in raising cultural relations between nations, a

Securities & exchanges

Bratislava Stock Exchange

Bratislava Stock Exchange (Slovak: Burza cenných papierov v Bratislave, abbr. BSSE, BCPB) is a stock exchange in Bratislava established on 15 March 1991 according to adjudication of Ministry of Finance of Slovakia in 1990. It is the only regulated securities market in Slovakia.

Finance

British Business Bank

British Business Bank plc is the United Kingdom government’s economic development bank. It supports smaller businesses’ access to debt and equity finance by working through accredited lenders and fund managers rather than lending directly to most firms. It is wholly owned by HM Government and is headquartered in Sheffield, England.

Securities & exchanges

Buyout

In finance, a buyout is an investment transaction by which the ownership equity, or a controlling interest of a company, or a majority share of the capital stock of the company is acquired. The acquirer thereby "buys out" the present equity holders of the target company. Shareholder activism can result in buyouts. A buyout will often include the purchasing of the target company's outstan

Finance

Candlestick chart

A candlestick chart (also called Japanese candlestick chart or K-line) is a style of financial chart used to describe price movements of a security, derivative, or currency.

Trading basics

Candlestick pattern

In financial technical analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can help to identify repeating patterns of a particular market movement. The recognition of the pattern is subjective and programs that are used for charting have to rely on predefined rules to match the pattern. There are 42 recognized patterns that c

Trading basics

Capital control

Capital controls are residency-based measures such as transaction taxes, other limits, or outright prohibitions that a nation's government can use to regulate flows from capital markets into and out of the country's capital account. These measures may be economy-wide, sector-specific (usually the financial sector), or industry specific (e.g. "strategic" industries). They may apply to all

Finance

Casablanca Finance City

Casablanca Finance City (CFC; Arabic: القطب المالي للدار البيضاء) is a financial and business center located in Casablanca, Morocco. It serves as a regional hub for financial institutions, multinational corporations, and professional service firms operating in Africa.

Trading basics

Cashier's check

A cashier's check (or cashier's cheque, cashier's order, official check; in Canada, the term bank draft is used, not to be confused with Banker's draft as used in the United States) is a check guaranteed by a bank, drawn on the bank's own funds and signed by a bank employee. Cashier's checks are treated as guaranteed funds because the bank, rather than the purchaser, is both the drawee a

Securities & exchanges

Castor Maritime

Castor Maritime Inc. is a maritime transport global shipping company that operates and manages tanker ship vessels and cargo bulk carriers. The company was founded by Petros Panagiotidis and Dionysios Makris in early September 2017. The company headquarters is located in Cyprus.

Trading basics

Chart pattern

A chart pattern or price pattern is a pattern within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis. When data is plotted there is usually a pattern which naturally occurs and repeats over a period. Chart patterns are used as either reversal or continuation signals.

Trading basics

Checkers and Rally's

Checkers Drive-In Restaurants, Inc. is an American fast food double drive-through chain franchise in the United States. The company operates Checkers and Rally's restaurants in 20 states and the District of Columbia. They specialize in hamburgers, hot dogs, french fries, milkshakes, and drinks.

Finance

China and the World Bank

China originally joined the World Bank Group (WBG) on December 27, 1945. However, after the Chinese Civil War, the World Bank recognized the Republic of China as its member, until the relationship ended in 1980, when the membership was replaced by the People's Republic of China. The People's Republic of China (PRC) did not become involved with the World Bank group until 1980, when it fir

Securities & exchanges

China Securities Regulatory Commission

The China Securities Regulatory Commission (CSRC) is a government agency directly under the State Council of China. It is the main regulator of the securities industry in China.

Trading basics

Chinese accounting standards

Chinese accounting standards are the accounting rules used in mainland China. As of February 2010, the Chinese accounting standard systems is composed of Basic Standard, 38 specific standards and application guidance.

Banking

Chinese Banking Liquidity Crisis of 2013

The Chinese Banking Liquidity Crisis of 2013 was a sudden credit crunch affecting China's commercial banks evidenced by a rapid rise on 20 June 2013 in the Shanghai interbank overnight lending rates to a high of 30 percent from its usual rate of less than 3%. The ensuing panic affected gold markets and stock. China's regulation of the foreign exchange market had caused a decline in inflo

Trading basics

Claire's

Claire's (formerly known as Claire's Boutiques, Claire's Boutique and Claire's Accessories) is an American retailer of accessories, jewelry, and toys primarily aimed towards tween and teen girls, and young women. It was founded in 1961 and is based in Hoffman Estates, Illinois, a suburb of Chicago. The company is primarily owned by Elliott Management and Monarch Alternative Capital, but,

Trading basics

Clarivate

Clarivate Plc (Clarivate) is a British-American publicly traded analytics company operating a collection of subscription-based services in the areas of bibliometrics and scientometrics, business and market intelligence, and competitive profiling for pharmacy and biotech, patents, regulatory compliance, trademark protection, and domain and brand protection. Clarivate calculates the impact

Trading basics

Co-branding

Co-branding is a marketing strategy that involves strategic alliance of multiple brand names jointly used on a single product or service.

Trading basics

Co-marketing

Co-marketing (Commensal marketing, symbiotic marketing) is a form of marketing co-operation, in which two or more businesses work together.

Finance

Commodity market

A commodity market is a market that trades in the primary economic sector rather than manufactured products. The primary sector includes agricultural products, energy products, and metals. Soft commodities may be perishable and harvested, while hard commodities are usually mined, such as gold and oil. Futures contracts are the oldest way of investing in commodities. Commodity markets ca

Trading basics

Commodity price shocks

Commodity price shocks are times when the prices for commodities have drastically increased or decreased over a short span of time.

Finance

Computational finance

Computational finance is a branch of applied computer science that deals with problems of practical interest in finance. Some slightly different definitions are the study of data and algorithms currently used in finance and the mathematics of computer programs that realize financial models or systems.

Securities & exchanges

Conservative Formula Investing

Conservative formula investing is an investment technique that uses the principles of low-volatility investing and is enhanced with momentum and net payout yield signals.

Finance

Consumer leverage ratio

The consumer leverage ratio (CLR) is the ratio of total household debt to disposable personal income. The Federal Reserve separately reports household debt service payments as a percentage of disposable personal income. The Bureau of Economic Analysis publishes disposable personal income data.

Trading basics

Convenience

Convenient procedures, products and services are those intended to increase ease in accessibility, save resources (such as time, effort and energy) and decrease frustration. A modern convenience is a labor-saving device, service or substance which make a task easier or more efficient than a traditional method. Convenience is a relative concept, and depends on context. For example, automo

Banking

Copper Panic of 1789

The Copper Panic of 1789 was a monetary crisis of the early United States that was caused by debasement and loss of confidence in copper coins that occurred under the presidency of George Washington. Following the American Revolutionary War, several U.S. states began minting their own coins, largely using copper. As copper was relatively easy to counterfeit, counterfeiters in states whic

Trading basics

Corner Bakery Cafe

Best Cafe Enterprises, LLC, doing business as Corner Bakery Cafe is an American chain of cafes that specialize in pastries, breads, breakfast dishes, gourmet sandwiches, homemade soups, salads, and pasta. Corner Bakery Cafe is considered to be a part of the fast casual market segment of the food service industry, offering a higher quality of food and atmosphere than a typical fast food

Trading basics

Corporate farming

Corporate farming (also known as Big Agriculture or Big Ag in the United States and Canada) is the practice of large-scale industrial agriculture on farms owned or greatly influenced by large companies. This includes corporate ownership of farms and the sale of agricultural products, as well as the roles of these companies in influencing agricultural education, research, and public polic

Trading basics

Corporate venture capital

Corporate venture capital (CVC) is the investment of corporate funds directly in external startup companies. CVC is defined by the Business Dictionary as the "practice where a large firm takes an equity stake in a small but innovative or specialist firm, to which it may also provide management and marketing expertise; the objective is to gain a specific competitive advantage." Examples o

Finance

Country risk

Country risk refers to the risk of investing or lending in a country, arising from possible changes in the business environment that may adversely affect operating profits or the value of assets in the country. For example, financial factors such as currency controls, devaluation or regulatory changes, or stability factors such as mass riots, civil war and other potential events contribu

Trading basics

Courier

A courier is a person or organization that delivers a message, package or letter from one place or person to another place or person. Typically, a courier provides their courier service on a commercial contract basis; however, some couriers are government or state agency employees (for example: a diplomatic courier).

Trading basics

Covad

Covad Communications Company, also known as Covad Communications Group, was an American provider of broadband voice and data communications. By Q3 2006, the company had 530,000 subscribers, and ranked as the 16th largest Internet service provider in the United States. Covad was acquired by U.S. Venture Partners, who in 2010 announced a three-way merger of MegaPath, Covad, and Speakeasy,

Finance

Credit crunch

A credit crunch (a credit squeeze, credit tightening or credit crisis) is a sudden reduction in the general availability of loans (or credit) or a sudden tightening of the conditions required to obtain a loan from banks. A credit crunch generally involves a reduction in the availability of credit independent of a rise in official interest rates. In such situations, the relationship betwe

Trading basics

Cubic Corporation

Cubic Corporation is an American multinational defense and public transportation equipment manufacturer. The company was founded by Walter J. Zable in 1949 and was a publicly traded company from 1951 to 2021. It operates two business segments: Cubic Transportation Systems (CTS) and Cubic Mission and Performance Solutions (CMPS).

Finance

Currency crisis

A currency crisis is a type of financial crisis, and is often associated with a real economic crisis. A currency crisis raises the probability of a banking crisis or a default crisis. During a currency crisis the value of foreign denominated debt will rise drastically relative to the declining value of the home currency. Generally doubt exists as to whether a country's central bank has s

Finance

Cyclically adjusted price-to-earnings ratio

The cyclically adjusted price-to-earnings ratio (CAPE, Shiller P/E, or P/E 10 ratio) is a stock valuation measure usually applied to the US S&P 500 equity market. It is defined as price divided by the average of ten years of earnings (moving average), adjusted for inflation. As such, it is principally used to assess likely future returns from equities over timescales of 10 to 20 years, w

Finance

David E. Shaw

David Elliot Shaw (born March 29, 1951) is an American billionaire, scientist, and founder of hedge fund D. E. Shaw & Co.. A former assistant professor in the computer science department at Columbia University, Shaw earned his fortune exploiting inefficiencies in financial markets with the help of early Internet networks and quantitative trading strategies. In 2001, Shaw turned to full-t

Finance

Dead cat bounce

In finance, a dead cat bounce is a small, brief recovery in the price of a declining asset. Derived from the idea that "even a dead cat will bounce if it falls from a great height", the phrase is also popularly applied to any case where a subject experiences a brief resurgence during or following a severe decline. This may also be known as a "sucker rally".

Finance

Debt crisis

A debt crisis is a situation in which a government (nation, state/province, county, or city etc.) loses the ability of paying back its governmental debt. When the expenditures of a government are more than its tax revenues for a prolonged period, the government may enter into a debt crisis. Various forms of governments finance their expenditures primarily by raising money through taxatio

Fiat currencies

Decimalisation

Decimalisation or decimalization (see spelling differences) is the conversion of a system of currency or of weights and measures to units related by powers of 10.

Finance

Diebold Nixdorf

Diebold Nixdorf, Incorporated is an American multinational financial and retail technology company based in North Canton, Ohio. It specializes in the sale, manufacture, installation, and service of self-service transaction systems (such as ATMs and currency processing systems), point-of-sale terminals, physical security products, and software and related services for global financial, re

Trading basics

Direct-to-consumer advertising

Direct-to-consumer advertising (DTCA) refers to the marketing and advertising of pharmaceutical products directly to consumers as patients, as opposed to specifically targeting health professionals. The term is synonymous primarily with the advertising of prescription medicines via mass media platforms—most commonly on television and in magazines, but also via online platforms.

Securities & exchanges

Distressed securities

In corporate finance, distressed securities are securities over companies or government entities that are experiencing financial or operational distress, default, or are under bankruptcy. As far as debt securities, this is called distressed debt. Purchasing or holding such distressed-debt creates significant risk due to the possibility that bankruptcy may render such securities worthless

Finance

Dividend payout ratio

The dividend payout ratio is the fraction of net income a firm pays to its stockholders in dividends:

Trading basics

Donchian channel

The Donchian channel is an indicator used in market trading developed by Richard Donchian. It is formed by taking the highest high and the lowest low of the last n periods. The area between the high and the low is the channel for the period chosen.

Fiat currencies

E-Bullion

e-Bullion was an Internet-based digital gold currency founded by Jim and Pamela Fayed of Moorpark, California, as part of their Goldfinger Coin & Bullion group of companies. The company was incorporated in 2000 and launched on July 4, 2001. Similar to competing systems such as e-gold, e-Bullion allowed for the instant transfer of gold and silver between user accounts. e-Bullion was a reg

Trading basics

E-toll (South Africa)

e-toll (in South Africa) consisted of the electronic toll collection (ETC) processes employed by South Africa's roads agency SANRAL on selected toll roads or toll lanes in the Gauteng province, subject to the Sanral Act of 1998. SANRAL derives its income both from toll income and the national fiscus, while initial capital outlay for large projects are funded by open market bond issues. I

Trading basics

Early history of private equity

The early history of private equity relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.

Finance

Ease of movement

Ease of movement (EMV) is an indicator used in technical analysis to relate an asset's price change to its volume. Ease of Movement was developed by Richard W. Arms, Jr. and highlights the relationship between volume and price changes and is particularly useful for assessing the strength of a trend. High positive values indicate the price is increasing on low volume: strong negative valu

Finance

Economic bubble

An economic bubble (also called a speculative bubble, asset bubble, or simply financial bubble) is a period when current asset prices greatly exceed their intrinsic valuation, being the valuation that the underlying long-term fundamentals justify. Bubbles can be caused by overly optimistic projections about the scale and sustainability of growth (e.g. dot-com bubble), and/or by the belie

Trading basics

Economic consequences of the Russo-Ukrainian war (2022–present)

The economic consequences of the Russo-Ukrainian war (2022–present) began in late February 2022, in the days after Russia recognized two breakaway Ukrainian republics and launched an invasion of Ukraine. The subsequent economic sanctions have targeted large parts of the Russian economy, Russian oligarchs, and members of the Russian government. Russia responded in kind. A wave of protests

Trading basics

Economic materialism

Economic materialism, known colloquially simply as materialism, is a personal attitude that attaches importance to acquiring (and often consuming) material goods. The use of the term "materialistic" to describe an individual's personality or a society tends to have a negative or critical connotation. Rarely also called acquisitiveness, it is often associated with a value system that rega

Fiat currencies

Economics of bitcoin

Bitcoin was designed by its pseudonymous inventor, Satoshi Nakamoto, to work as a currency, but its status as a currency is disputed. Economists define money as a store of value, a medium of exchange and a unit of account, and agree that bitcoin does not currently meet all these criteria.