Category: New York Stock Exchange

Every Foreign Company in China Accepts CCP as Business Partner: Rep. Gallagher

The Chinese Communist Party (CCP) is a partner of every foreign company doing business in China, a congressional committee warned on Thursday, as lawmakers and experts went to great lengths to explain how corporate environments in China are vastly different. “There is no such thing as a ‘private company’ in China,” Rep. Mike Gallagher (R-Wis.),…


Stock Market Today: Wall Street Drifts as Central Banks Keep Cranking Interest Rates Higher

NEW YORK—Stocks drifted to a mixed finish on Wall Street Thursday as central banks around the world keep cranking interest rates higher in their fight against inflation. The S&P 500 rose 16.20, or 0.4 percent, to 4,381.89, even though the majority of stocks fell. A rebound for technology stocks helped to overshadow losses elsewhere in…


McCarthy Says House Will Vote to Lift Debt Ceiling Into 2024

The House of Representatives will vote to lift the nation’s debt ceiling until sometime in 2024, according to Speaker Kevin McCarthy (R-Calif.), relieving anxiety about a potential default on U.S. financial obligations. The speaker made the announcement in a speech at the New York Stock Exchange on April 17, during which he also outlined the…


McCarthy Says House Will Vote on Lifting Debt Ceiling Into 2024

The House of Representatives will hold a vote on a proposal to lift the nation’s debt ceiling until sometime in 2024, according to House Speaker Kevin McCarthy (R-Calif.), relieving anxiety about a potential default on U.S. financial obligations. McCarthy, during a speech at the New York Stock Exchange on April 17, also outlined the broad strokes…


SoftBank CEO ‘Remorseful’ After Record $23.4 Billion Quarterly Loss

News Analysis Japanese tech investment giant SoftBank Group has decided to sell one-third of its Alibaba stake to raise $34 billion in cash, following a record $23.4 billion loss in the second quarter. Founder and CEO Masayoshi Son admitted at a press conference that he is “quite embarrassed and remorseful.” Furthermore, China’s regulatory crackdown on…


NYSE-Owner ICE to Buy Black Knight in $13.1 Billion Deal

New York Stock Exchange parent Intercontinental Exchange said on Wednesday it will acquire Black Knight in a deal valuing the mortgage-lending software and data analytics firm at $13.1 billion. ICE’s cash-and-stock offer of $85 per share is a premium of nearly 34 percent to Black Knight’s close on Tuesday. The deal’s enterprise value is about $16…


Embraer Shares Soar on Announcement of Eve Deal With SPAC, NYSE Listing

SAO PAULO—Shares of Brazilian planemaker Embraer SA soared on Tuesday after the company said it had agreed to combine its electric aircraft subsidiary Eve with Zanite SPAC and list it on the New York Stock Exchange. The transaction values Eve’s equity at $2.9 billion and will include the combination with Zanite Acquisition Corp and an…


Investing in the American Dream

Growing up, the only person Charles Mizrahi knew on Wall Street was an uncle who waited tables in the New York Stock Exchange dining room. “My father was a warehouse manager, and the block I lived on in Brooklyn was as working-class as you can get,” he said. “Three cab drivers on the block, security…


This Day In Market History: NYSE Trading Volume Tops 1 Million Shares

Each day, Benzinga will take a look back at a notable market-related moment that happened on this date. What Happened? On Dec. 15, 1882, daily trading volume on the New York Stock Exchange topped 1 million for the first time ever. Where Was The Market As of 1882, the S&P 500 index and the Dow…


Other Chinese Firms May Follow Didi Out of Wall Street Amid Beijing Crackdown

News Analysis China’s online ride-hailing giant Didi Chuxing (Didi) announced on Dec. 2 it was delisting from the New York Stock Exchange and moving to Hong Kong, after being placed under four months official investigation. Didi’s withdrawal is linked to China’s secrecy toward data, as well as new stringent U.S. regulations involving Chinese companies on…