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“# NYSE celebrates historic ‘first trades’ with NFT series ” The New York Stock Exchange, or NYSE, has jumped on the NFT bandwagon by minting nonfungible tokens celebrating the first trade made in the shares of prominent U.S. companies. In an April 13th announcement, NYSE’s president, Stacey Cunningham, described NFTs as a “new, fun way…
“#A new breed of firms vie for stake in NBA teams” Last month, the owners of the Golden State Warriors quietly approached the National Basketball Association for approval to sell a minority stake in the team — not to another business mogul, but to a publicly traded blank-check company that had partnered with a private-equity…
“#NYSE warns it may exit New York over stock transfer tax” The New York Stock Exchange may leave New York State if Albany imposes a transfer tax on stock sales, the president of the Intercontinental Exchange-owned exchange operator said on Tuesday in an op-ed in the Wall Street Journal. NYSE President Stacey Cunningham said she…
“# Crypto is going public: Timing is key as Bakkt secures NYSE listing ” Digital assets marketplace Bakkt is set to go public on the New York Stock Exchange in 2021, which could pave the way for more cryptocurrency service providers to follow suit. The Intercontinental Exchange announced on Jan. 11 that its cryptocurrency marketplace…
“# Bakkt crypto exchange to debut on stock markets through SPAC ” The Intercontinental Exchange, the owner the New York Stock Exchange and institutional cryptocurrency exchange Bakkt, announced a deal that would see its crypto arm listed on the stock markets. As reported by the Wall Street Journal, Bakkt is set to merge with VPC…
“#NYSE flipflops again on plan to delist Chinese telecom giants” The New York Stock Exchange is reversing course on its own course reversal and will delist three Chinese telecommunications companies after being pressured by outgoing Treasury Secretary Steven Mnuchin. After announcing on New Year’s Eve that it would honor President Trump’s executive order banning Americans…
“#Stocks on Wall Street fall on Georgia elections, virus surge” The first trading day of 2021 started off with a bang before falling back to earth as traders grappled with hangover effects of 2020. The Dow Jones Industrial Average dropped 382.59 points, or 1.3 percent, to 30,223.89 on Monday after hitting a record high in…
“#NYSE starts process of delisting 3 Chinese telco companies” The New York Stock Exchange is starting the process of delisting securities of three Chinese telecom companies, after President Trump last month barred US investments in Chinese firms Washington says are owned or controlled by the military. The move by the NYSE, which will limit US investor…
“#Wall Street gives up gains after record-setting rally” Wall Street’s main indexes eased from record highs in volatile trading on Tuesday as investors worried the Senate may not quickly pass the additional pandemic aid checks to help jobless Americans. Senate Majority Leader Mitch McConnell said the chamber would address this week President Donald Trump’s call…
“#Stocks close at record highs after stimulus bill is signed” Wall Street hit record highs on Monday after President Trump signed the $2.3 trillion pandemic bill on Sunday, ending months of political wrangling and uncertainty. The Dow Jones Industrial Average closed up 204.10 points, or 0.68 percent, to 30,403.97 after Trump backed down from an…