Nov 24th, 2008 · Currency traders buy and sell everything from U.S. dollars, pesos, yen and Euros. They profit by betting correctly that a currency might move up or down a fraction of a percent. The financial turmoil of the last two months has turned their world upside down. Chana Joffe-Walt reports for member station KPLU.
Nov 21st, 2008 · After another volatile week on Wall Street, Robert Siegel checks in with Ted Weisberg, a floor trader on the New York Stock Exchange. Weisberg is the president of Seaport Securities.
Nov 12th, 2008 · Wall Street is littered with the resumes of former investment bankers and traders now looking for work. At a recent networking party at a bar in midtown Manhattan, so many people turned up that some had to wait in line to get in.
Oct 30th, 2008 · The U.S. economy is in trouble. That's despite the dollar's rise in recent months, especially against the Euro. Currency traders say it has to do with something called the carry trade, which is also pushing up the yen. These wild fluctuations in currency values make life a lot more complicated for U.S. exporters.
Oct 24th, 2008 · The credit market and stocks have borne the brunt of the financial meltdown. Will Aston-Reese, vice president of money-market sales at Tradition Asiel Securities, discusses the thawing credit market. Ted Weisberg, president of Seaport Securities and a floor trader at the New York Stock Exchange, talks about the turbulent stock exchange.
Oct 8th, 2008 · It's been a roller-coaster day on Wall Street. New York Stock Exchange floor trader Ted Weisberg, who is president of Seaport Securities, says it has been like a camel's hump — the Dow Jones industrial average was up, then down, then up again before closing nearly 200 points down.
Oct 6th, 2008 · The Dow Jones industrial average have plummeted, closing below 10,000 points for the first time in four years. Ted Weisberg, a floor trader at the New York Stock Exchange, talks about the mood on the floor as the Dow fell.
Oct 4th, 2008 · People on Main Street aren't the only ones angry about the current financial crisis. Traders on the floor of the New York Stock Exchange have complaints of their own.