New Year’s Eve isn’t a federal holiday, so why are some people surprised they have to work Friday? It’s because New Year’s Day—which is a federal holiday—falls on Saturday this year. When a holiday falls on the weekend, it’s almost always observed depending on which day it lands. If the holiday is on Saturday, it’s observed on the…
This Day in Market History: NYSE Gets Computerized
Each day, Benzinga will take a look back at a notable market-related moment that happened on this date. What Happened? On Dec. 20, 1966, the New York Stock Exchange switched to a fully automated computerized trading system for the first time. Where Was the Market? The S&P 500 was trading at 80.96 and the Dow…
Harley-Davidson’s Electric Division Going Public in 2022
Harley-Davidson’s electric bike division is going public through merging with a special acquisition company (SPAC) in a deal valued at approximately $1.77 billion, the iconic global motorcycle brand announced on Monday. The transaction will net the division, Livewire, which has been operating independently since 2019, with proceeds of around $545 million that the company plans…
GE Investors Hope Split Remedies Years of Lackluster Performance
November 12, 2021
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NEW YORK—With General Electric’s (GE.N) decision to break up into three separate companies, investors who have held the stock through a long, troubled period may be hoping the move will give the conglomerate’s underperforming shares a jolt. The 129-year-old industrial conglomerate announced on Tuesday it would split into three businesses focusing on aviation, energy and…
US Futures-Based Bitcoin ETF Rises in First Day of Trading, Bitcoin Nears Record
October 19, 2021
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NEW YORK—The first U.S. bitcoin futures-based exchange-traded fund (ETF) began trading on Tuesday, sending bitcoin to a six-month high and just off its all-time peak, as traders bet the ETF could boost investment flows into cryptocurrencies. The ProShares Bitcoin Strategy ETF closed up 2.59 percent at $41.94 in its first day of trading, with around…
NYSE Like a Drugged Bull in Bullfight Over Share Orders, Exchange President Says
October 8, 2021
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NEW YORK—The head of the New York Stock Exchange on Thursday called for regulators to change rules that make it difficult for the NYSE to compete for stock orders, as the market share of exchanges has dwindled versus off-exchange trading platforms during the retail trading boom. “On exchange, we are artificially constrained from competing for…
Chinese Regime Forces Ride-Hailing Company To Suspend User Registrations After US IPO, Causing Stock to Fall
Just two days after the Chinese ride-hailing giant Didi Chuxing launched its U.S. initial public offering (IPO), the Chinese communist regime’s Cyberspace Administration started a security review on the company and suspended its registration of new users. The action caused Didi’s stock to fall on the New York Stock Exchange (NYSE). On July 2, the Cyberspace…
NYSE Begins Move To Delist Chinese State Oil Producer CNOOC
The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd based on an update to an executive order signed by former U.S. President Donald Trump in November last year. Prohibitions on CNOOC will take effect on March 9, 60 days after the company was added to…
Florida Congressman Urges New York Stock Exchange to Move to Florida
Rep. Byron Donalds (R-Fla.) is urging the New York Stock Exchange (NYSE) to relocate to Florida, where he says there’s no danger the company will be hit with a tax on stock trades. “We have a lot of nice land here in Southwest Florida, we can find a place for them right here in the…
Florida Congressman Urges NY Stock Exchange to Move to His State
Rep. Byron Donalds (R-Fla.) is urging the New York Stock Exchange (NYSE) to relocate to Florida, where he says there’s no danger that the company will be hit with a tax on stock trades. “We have a lot of nice land here in Southwest Florida. We can find a place for them right here in…
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