stocks

Maybe It’s Time to Retire the Phrase ‘Big Oil’

Maybe It’s Time to Retire the Phrase ‘Big Oil’

It’s been a week bookended with bad financial news for the oil and gas industry. It began with Exxon getting the boot from the Dow Jones Industrial Average, and now comes news that energy companies are the tiniest piece of another venerable stock index, the S&P 500. These may be…

How The Invention Of Spreadsheet Software Unleashed Wall Street On The World

How The Invention Of Spreadsheet Software Unleashed Wall Street On The World

In 2010, a pair of researchers published a controversial economics paper. It was cited by UK politicians to justify austerity measures that sparked economic and employment crises, and anti-austerity protests — measures that the UN later called “punitive, mean-spirited, and often callous” inflicting “great misery.”