Update (11:30 a.m. ET): After dropping earlier, GameStop and other heavily shorted stocks are rising after trading app Robinhood lifted some trading restrictions. Reports say clients can now purchase up to 100 shares of GameStop and raised limits on AMC, Express, BlackBerry, and others. – GameStop (GME) dropped more than 50 percent on Tuesday morning, as…
Power Behind Chinese Telecom Giants
News Analysis The New York Stock Exchange (NYSE) announced on Jan. 6 that it would resume delisting the three Chinese telecom stocks—China Mobile, China Telecom, and China Unicom (Hong Kong) — after saying it would stop doing so on Jan. 4. The NYSE said in a statement published on its website that it had scrapped…
Wall Street Investment Banks to Comply With Trump Order to Delist Products in Hong Kong
January 11, 2021
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Asia & PacificChinaChina Business & EconomyChina-US NewsDonald TrumpGoldman SachsHK BusinessHong KongJPMorganMilitary-Civil FusionMorgan StanleyNational SecurityNYSEPolicyUSWorld
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Three major U.S. investment banks will delist a total of about 500 Hong Kong-listed structured products, according to corporate filings from Hong Kong stock exchanges on Sunday. Goldman Sachs, JPMorgan, and Morgan Stanely stated that the delisting was in compliance with President Donald Trump’s executive order (E.O.) 13959. Trump issued the order (pdf) on Nov….
NTD Business Full Broadcast (Jan. 7)
Good news for the new year? Fewer Americans are applying for unemployment benefits. But the number is still high. A new study shows people still prefer shopping in physical stores. But it also says stores will need to evolve in order to survive and thrive. California re-introduces a bill to tax millionaires. We talk to…
NTD Business Full Broadcast (Jan.5)
American factories grew in December at the fastest pace in more than two years. And manufacturing continued to weather the pandemic better than the battered services sector. We look at the shopping trends of 2020 — and one trend, online shopping, that’s sure to stay in 2021. We hear from an expert on the record…
NTD Business Full Broadcast (Jan. 1)
The Senate votes to override President Trump’s veto of the defense bill. It’s the first time it’s happened under his administration. People share their financial resolutions for the new year — and some financial advice from their own successes. And a New York restaurant loses its liquor license — after hosting an indoor party. Find…
NYSE Begins to Delist Chinese Telecom Giants in Compliance With Trump’s Order
January 1, 2021
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ChinaChina Business & EconomyChina MobileChina TelecomChina UnicomChina-US NewsChinese RegimeDonald TrumpMSCINational SecurityNYSEUSUS News
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The New York Stock Exchange (NYSE) announced on Dec. 31 that it is in the process of delisting three Chinese telecom companies with ties to the Chinese military. The three state-owned companies—China Mobile Ltd., China Telecom Corporation Ltd., and China Unicom (Hong Kong) Ltd.—will see their securities suspended from trading between Jan. 7 and Jan….
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