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Cornering The Market
In finance, cornering the market consists of obtaining sufficient control of a particular stock, commodity, or other asset in an attempt to manipulate the market price. One definition of cornering a market is "having the greatest market share in a particular industry without having a monopoly". Companies that have cornered their markets have usually done so in an attempt to gain greater leeway in their decisions; for example, they may desire to charge higher prices for their products without fears of losing too much business. The cornerer hopes to gain control of enough of the supply of the commodity to be able to set the price for it. Strategy and risks Cornering a market can be attempted through several mechanisms. The most direct strategy is to buy a large percentage of the available commodity offered for sale in some spot market and hoard it. With the advent of futures trading, a cornerer may buy a large number of futures contracts on a commodity and then sell them at a profi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Price In USD
Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in a pure form. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental (native state), as nuggets or grains, in rocks, veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), forming a soluble tetrachloroaurate anion. Gold is i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Risk
Market risk is the risk of losses in positions arising from movements in market variables like prices and volatility. There is no unique classification as each classification may refer to different aspects of market risk. Nevertheless, the most commonly used types of market risk are: * ''Equity risk'', the risk that stock or stock indices (e.g. Euro Stoxx 50, etc.) prices or their implied volatility will change. * ''Interest rate risk'', the risk that interest rates (e.g. Libor, Euribor, etc.) or their implied volatility will change. * ''Currency risk'', the risk that foreign exchange rates (e.g. EUR/USD, EUR/GBP, etc.) or their implied volatility will change. * ''Commodity risk'', the risk that commodity prices (e.g. corn, crude oil) or their implied volatility will change. * '' Margining risk'' results from uncertain future cash outflows due to margin calls covering adverse value changes of a given position. * ''Shape risk'' * '' Holding period risk'' * ''Basis risk'' The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Onion
An onion (''Allium cepa'' L., from Latin ''cepa'' meaning "onion"), also known as the bulb onion or common onion, is a vegetable that is the most widely cultivated species of the genus ''Allium''. The shallot is a botanical variety of the onion which was classified as a separate species until 2010. Its close relatives include garlic, scallion, leek, and chive. This genus also contains several other species variously referred to as onions and cultivated for food, such as the Japanese bunching onion (''Allium fistulosum''), the tree onion (''A.'' × ''proliferum''), and the Canada onion (''Allium canadense''). The name ''wild onion'' is applied to a number of ''Allium'' species, but ''A. cepa'' is exclusively known from cultivation. Its ancestral wild original form is not known, although escapes from cultivation have become established in some regions. The onion is most frequently a biennial or a perennial plant, but is usually treated as an annual and harvested in its f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stutz Motor Company
The Stutz Motor Car Company, was an American producer of high-end Sports cars, sports and Luxury vehicle, luxury cars based in Indianapolis, Indiana. Production began in 1911 and ended in 1935. Stutz was known as a producer of fast cars including America's first sports car and, from 1924, luxury cars for the rich and famous. The brand was revived in 1968 under the aegis of the Stutz Motor Car of America and it unveiled a line of Neoclassic (automobile), modern retro-look cars. Although the company is still in existence, sales of factory-produced vehicles ceased in 1995. History Ideal Motor Car Company, organized in June 1911 by Harry C. Stutz with his friend, Henry F Campbell, began building Stutz cars in Indianapolis in 1911.Listing Statements of the New York Stock Exchange, September 13, 1916. They set this business up after a car built by Stutz in under five weeks and entered in the name of his Stutz Auto Parts Co was placed 11th in the Indianapolis 500 earning it the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Sobel
Robert Sobel (February 19, 1931 – June 2, 1999) was an American professor of history at Hofstra University and a well-known and prolific writer of business histories. Biography Sobel was born in the Bronx, in New York City, New York. He completed his B.S.S. (1951) and M.A. (1952) at City College of New York, and after serving in the U.S. Army, obtained a Ph.D. from New York University in 1957. He started teaching at Hofstra in 1956. Sobel eventually became Lawrence Stessin Distinguished Professor of Business History at Hofstra. After his death, the university established the ''Robert Sobel Endowed Scholarship for Excellence in Business History & Finance.'' Books Sobel's first business history, published in 1965, was ''The Big Board: A History of the New York Stock Market''. It was the first history of the stock market written in over a generation. The book was met with favorable reviews and solid sales, and Sobel's writing career was launched. Several of his subsequent boo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northern Pacific Railway
The Northern Pacific Railway was a transcontinental railroad that operated across the northern tier of the western United States, from Minnesota to the Pacific Northwest. It was approved by Congress in 1864 and given nearly of land grants, which it used to raise money in Europe for construction. Construction began in 1870 and the main line opened all the way from the Great Lakes to the Pacific when former President Ulysses S. Grant drove in the final "golden spike" in western Montana on September 8, 1883. The railroad had about of track and served a large area, including extensive trackage in the states of Idaho, Minnesota, Montana, North Dakota, Oregon, Washington, and Wisconsin. In addition, the NP had an international branch to Winnipeg, Manitoba, Canada. The main activities were shipping wheat and other farm products, cattle, timber, and minerals; bringing in consumer goods, transporting passengers; and selling land. The Northern Pacific was headquartered in Minnesota, fir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Gold Exchange
The New York Gold Exchange was an exchange formed shortly after the beginning of the American Civil War for the purpose of creating an open market for transactions involving gold and the government-created paper currency, the greenback. Established in 1862, it closed in 1897. History During Civil War The exchange was established in 1862 in a basement on New Street.George Winslow, "New York Gold Market" in ''The Encyclopedia of New York City'' (2d ed.: eds. Kenneth T. Jackson, Lisa Keller & Nancy Flood). The exchange was created during the American Civil War, when the Union issued paper money to fund the war effort. Gold trading was initially banned at the New York Stock Exchange, which viewed the practice as unpatriotic speculation in wartime.Edwin G. Burrows & Mike Wallace, ''Gotham: A History of New York City to 1898'' (Oxford University Press, pp. 900–01. This was because Confederate victories resulted in an increase in the price of gold relative to the greenback dollar, cau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Fisk (financier)
James Fisk Jr. (April 1, 1835 – January 7, 1872), known variously as "Big Jim", "Diamond Jim", and "Jubilee Jim" – was an American stockbroker and corporate executive who has been referred to as one of the " robber barons" of the Gilded Age. Though Fisk was admired by the working class of New York and the Erie Railroad, he achieved much ill-fame for his role in Black Friday in 1869, where he and his partner Jay Gould befriended the unsuspecting President Ulysses S. Grant in an attempt to use the President's good name in a scheme to corner the gold market in New York City. Several years later Fisk was murdered by a disgruntled business associate. Early life and career Fisk was born in the hamlet of Pownal, Vermont, in Bennington County in 1835. After a brief period in school, he ran away in 1850 and joined Van Amberg's Mammoth Circus & Menagerie. Later, he became a hotel waiter, and finally adopted the business of his father, a peddler. He applied what he learned in the ci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jay Gould
Jason Gould (; May 27, 1836 – December 2, 1892) was an American railroad magnate and financial speculator who is generally identified as one of the robber barons of the Gilded Age. His sharp and often unscrupulous business practices made him one of the wealthiest men of the late nineteenth century. Gould was an unpopular figure during his life and remains controversial. Early life and education Gould was born in Roxbury, New York, to Mary More (1798–1841) and John Burr Gould (1792–1866). His maternal grandfather Alexander T. More was a businessman, and his great-grandfather John More was a Scottish immigrant who founded the town of Moresville, New York. Gould studied at the Hobart Academy in Hobart, New York, paying his way by bookkeeping. As a young boy, he decided that he wanted nothing to do with farming, his father's occupation, so his father dropped him off at a nearby school with fifty cents and a sack of clothes. Early career Gould's school principal was credit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Friday (1869)
The Black Friday gold panic of September 24, 1869 was caused by a conspiracy between two investors, Jay Gould and his partner James Fisk, and Abel Corbin, a small time speculator who had married Virginia (Jennie) Grant, the younger sister of President Ulysses Grant. They formed the ''Gold Ring'' to corner the gold market and force up the price of metal on the New York Gold Exchange. The scandal took place during the Presidency of Ulysses S. Grant, whose policy was to sell Treasury gold at weekly intervals to pay off the national debt, stabilize the dollar, and boost the economy. The country had gone through tremendous upheaval during the Civil War and was not yet fully restored. Gould and Fisk hoped to take advantage of Corbin's relationship with his brother-in-law—the president—and Gould persuaded Corbin to introduce him to Grant. Gould and Fisk hoped that befriending the President would get them privy information about the government's gold policy—and even prevent the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thales Of Miletus
Thales of Miletus ( ; grc-gre, Θαλῆς; ) was a Greek mathematician, astronomer, statesman, and pre-Socratic philosopher from Miletus in Ionia, Asia Minor. He was one of the Seven Sages of Greece. Many, most notably Aristotle, regarded him as the first philosopher in the Greek tradition, and he is otherwise historically recognized as the first individual known to have entertained and engaged in scientific philosophy.Frank N. Magill''The Ancient World: Dictionary of World Biography'', Volume 1 Routledge, 2003 He is often referred to as the Father of Science. Thales is recognized for breaking from the use of mythology to explain the world and the universe, instead explaining natural objects and phenomena by offering naturalistic theories and hypotheses. Almost all the other pre-Socratic philosophers followed him in explaining nature as deriving from a unity of everything based on the existence of a single ultimate substance instead of using mythological explanations. Ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
