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SPACs Have Raised Over $38 Billion in 2021, But New NYSE Rule Looms
The SPAC craze doesn’t seem to be slowing down in 2021 but could face new challenges with NYSE direct listing rule change.
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The NYSE's Youngest Female Trader on Diversity in Finance: Employers Need ‘to Stop Making Plans and Just Do It'
In 2017, Lauren Simmons became the youngest female trader to ever work at the New York Stock Exchange. Though she’s grateful for her experience, the now 25-year-old says it’s long overdue for the financial industry to act on diversity and inclusion.
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New York Gov. Andrew Cuomo Rings Bell at NYSE
New York Gov. Andrew Cuomo rang the opening bell of the New York Stock Exchange on Tuesday to kick off morning trading. It signaled the opening of the trading floor on Wall Street for the first time in two months after the coronavirus outbreak had forced all-electronic trading
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Here's What Would Happen if Coronavirus Forces the NYSE to Close Its Trading Floor
What would happen if the New York Stock Exchange floor is forced to closed? For decades, the NYSE has had contingency plans to continue to operate in the event the floor might have to close. At one point, there was even a “mirror” floor in Brooklyn. Today, the NYSE has plans to continue to operate electronically should the floor need…
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Here's How Long Stock Market Corrections Last and How Bad They Can Get
The U.S. stock market fell into a correction Thursday as investors punished equities in favor of safer assets as anxiety over the spread and potential impact of the virulent coronavirus.
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Virus Anxiety Triggers Biggest 1-Day Market Drop Since 2011
Worldwide markets plummeted again Thursday, deepening a weeklong rout triggered by growing anxiety that the coronavirus will wreak havoc on the global economy. The sweeping selloff gave U.S. stocks their worst one-day drop since 2011.
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1960s Prankster, Author Paul Krassner Dies at 87
Paul Krassner, the publisher, author and radical political activist on the front lines of 1960s counterculture who helped tie together his loose-knit prankster group by naming them the Yippies, died Sunday in Southern California, his daughter said.
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Work Messaging Service Slack's Value Jumps After Stock Debut
Slack’s newly public shares aren’t slacking off. The work messaging service’s market value grew 60% after it started trading Thursday under the ticker “WORK.”
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Work Messaging Service Slack's Value Jumps After Stock Debut
Slack’s newly public shares aren’t slacking off. The work messaging service’s market value grew 60% after it started trading Thursday under the ticker “WORK.”
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Slack Changes Ticker Symbol to WORK Ahead of New York Stock Exchange Debut
Slack is gearing up for its stock market debut and has landed on a new ticker symbol: WORK. In an updated prospectus on Monday, the company said it’s received approval from the New York Stock Exchange to list under that ticker after previously applying to list it shares under the symbol SK. It’s a subtle but notable change in the...
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The ‘Fearless Girl' Takes New Position, Staring Down the New York Stock Exchange
The “Fearless Girl” statue has a new home — directly across from the New York Stock Exchange.
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The ‘Fearless Girl' Has Left Wall Street, Is on the Move to the NYSE
The “Fearless Girl” statue near Wall Street that has become a global symbol of female can-do business spirit has been removed from her spot facing the “Charging Bull” and is on the move to a location by the New York Stock Exchange by the end of the year.
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New York Stock Exchange to Get 1st Female President in Its 226 Years
The New York Stock Exchange for the first time in its 226-year history will be led by a woman. Stacey Cunningham, who started her career as a floor clerk on the NYSE trading floor, will become the 67th president of the Big Board. That means that two of the world’s most well-known exchanges will be led by women. Adena Friedman...
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NYC's Historic Trinity Church to Partially Close for 2 Years
Trinity Church, a tourist attraction loved for its ties to colonial America and links to a Broadway hit, will be largely closed to visitors during a two-year renovation intended to brighten the church and improve disabled access.
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The ‘Fearless Girl' Is Leaving Wall Street
The “Fearless Girl” statue near Wall Street that has become a global symbol of female can-do business spirit will be moved from her spot facing the “Charging Bull” to a location by the New York Stock Exchange.
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Grocery Retailer Albertsons to Buy Drugstore Chain Rite Aid
The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation’s third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for every 10 shares of Rite Aid. A deal value...
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HHGregg to Close 88 Stores Nationwide
Struggling appliance and electronic retailer HHGregg announced Thursday it is planning to close 88 “underperforming” stores nationwide. The Indianapolis-based company also said it is closing three distribution and delivery centers located in Brandywine, Maryland, Miami, Florida, and Philadelphia, Pennsylvania.
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Trump Stance on Illegal Immigration May Aid Private Prisons
President-elect Donald Trump’s promise to deport millions of immigrants in the country illegally and his selection of tough-on-crime Alabama Sen. Jeff Sessions as attorney general could mean big money for the private prison industry. Some analysts believe the prison population could climb under the Trump administration, and the stock market seems to agree. A day after the election, CoreCivic Co.,...
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Teen Clothing Retailer Aéropostale Seeks Bankruptcy Protection
Aéropostale, once the vibrant epicenter of the U.S. mall scene, is seeking Chapter 11 bankruptcy protection. The New York company said Wednesday that it is closing 113 of its 739 U.S. stores and all 41 locations in Canada. Going-out-of-business sales at those U.S. stores will begin this weekend.
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Wearable Fitness Tracker Maker Fitbit Files For $100M IPO
Fitbit, the maker of a popular line of wearable fitness-tracking devices, on Thursday filed for an initial public offering worth up to $100 million.