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Massive fire at Copenhagen's stock exchange building.

In a surprising development today, the New York Stock Exchange (NYSE) has withdrawn its proposed rule change previously submitted to the Securities and Exchange Commission (SEC) to allow “Natural Asset Companies” to be traded in the U.S. market. Idaho Dispatch explained in this article that Natural Asset Companies (NACs) were defined by the NYSE to be, “Corporations that hold the rights to the ecological performance of a defined area and have the authority to manage the areas for conservation, restoration, or sustainable management.” Also mentioned in the previous Dispatch article was the strong opposition to NACs by Marlo Oaks, the...

Updated at 8 p.m. ET: NEW YORK - A suspected terrorist parked a van packed with what he thought was a 1,000-pound bomb next to the Federal Reserve building in Lower Manhattan and tried to detonate it Wednesday morning before he was arrested in a terror sting operation, authorities said. The suspect, 21-year-old Quazi Mohammad Rezwanul Ahsan Nafis, is a Bangladeshi national who came to the U.S. on a student visa in January for the specific purpose of launching a terror attack here, authorities said. He allegedly told an undercover agent last month that he hoped the attack would disrupt...

Today, there are roughly 80 major stock exchanges worth a combined $110.2 trillion in value.The world’s top two exchanges, the New York Stock Exchange (NYSE) and the Nasdaq, command 42.4% of global market capitalization.Despite the rapid growth of emerging economies, the U.S. continues to lead capital markets by a wide margin—even as countries such as India see considerable growth, surpassing the UK in 2023.This visualization, via Visual Capitalist's Dorothy Neufeld and Sabrina Fortin, shows the largest stock exchanges in the world, with data from the World Federation of Exchanges (WFE).Top Stock Exchanges, by Market CapHere are the top 25 largest...

"You can tell Jim Cramer isn't used to hearing USA chants on the NYSE floor," Seifert joked. Patriotism was on full display at the New York Stock Exchange Thursday morning as PublicSq went public. Chants of "USA!" rang out before founder, chairman, and CEO Michael Seifert rang the legendary opening bell, signaling the beginning of a new chapter for the patriotic online marketplace. Members of the PublicSq team, including Donald Trump Jr, stood on the balcony overlooking the trading floor as supporters cheered them on. Before long, chants of "USA!" filled the air, only stopping for Seifert to ring the...

Chinese companies listed on Wall Street will likely to be cut off from U.S. capital markets in the next three years as tensions between Beijing and Washington persist, says one global asset management firm. “I think for a lot of Chinese companies listed in U.S. markets, it’s essentially game over,” David Loevinger, managing director for emerging markets sovereign research at TCW Group, told CNBC Wednesday. “This is an issue that’s been hanging out there for 20 years — we haven’t been able to solve it.” TCW Group had $265.8 billion in assets under management as of Sept. 30, 2021, according...

The president of the New York Stock Exchange (NYSE) claims that she may be forced to move trading operations to a more tax-friendly locale if the state legislature imposes a stock transfer tax, according to an op-ed published yesterday in The Wall Street Journal. As many financial firms open new offices in states like Tennessee, Florida and Texas, NYSE President Stacey Cunningham argued that New York’s temple of commerce may follow suit if the stock transfer tax is passed. She pointed out that the securities industry generated 18 percent of state tax collections last year. However, that share could decline...

Reports are coming in that Robinhood, the stock broker app, is forcibly selling shares of GameStop on behalf of some of its users. The transactions cannot be canceled and it is being positioned as mitigating “unreasonable risk” on behalf of the company as well as the investor. Billionaire hedge funds have been taking a huge hit after a Reddit group started buying up GameStop shares in an effort to counter a massive amount of short positions. This prompted a “short squeeze” that sent the stock skyrocketing. As the dominos fell, GameStop reached a high of over $400 dollars per share,...

At least five people have died after shots were fired at the Pakistan Stock Exchange in Karachi, according to rescue officials on Monday. Rescue and paramilitary security personnel are at the scene in an ongoing operation, Azeem said. Video shows security and barricades outside the stock exchange in Karachi, according to CNN affiliate Geo News. Abid Ali, director of the Pakistan Stock Exchange, said in a media briefing on Geo News that four attackers entered the compound and started firing but were killed by security forces. The Balochistan Liberation Army (BLA) group has claimed responsibility for the attack, according to...

The Senate passed a bill by unanimous consent on Wednesday to take on Chinese companies listed on U.S. exchanges. The legislation would require the companies to submit to a range of stringent provisions to avoid being booted. First, they must disclose whether they are owned or controlled by a foreign government. Second, and perhaps most intrusively, they would have to comply with audits from the Public Company Accounting Oversight Board (PCAOB) for three years in a row. “We just want Chinese companies to play by the same rules as everybody else,” said Sen. Chris Van Hollen (D-MD) during an appearance...

NEW YORK - The New York Stock Exchange is preparing for the possible escalation of the novel coronavirus crisis that might include closing the trading floor in Lower Manhattan, according to Fox Business. Should the outbreak of COVID-19 escalate into a global pandemic, as is expected, then markets and firms are concerned that traders and other employees might not be able to get to work. "New York Stock Exchange is beginning to prepare for the possibility that the floor might not be able to open. It's a mixture of both humans and an automated trading system, computerized trading system," Charles...

A man was arrested for defacing the iconic “Charging Bull” statue in Manhattan’s Financial District early Saturday, police said. Witnesses spotted Tevon Varlack, 42, of Texas, repeatedly whacking the bull’s right horn with a large unknown metal object while yelling at about 12:30 a.m., authorities said. It’s unclear what Varlack was muttering during his rampage on the popular bronze sculpture, but his attack left visible gashes on the bull’s right horn.

The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth. The Dow hit 22,000 on Aug. 2, only 54 trading days earlier and roughly half the time it took the index to move from 21,000 to 22,000. This marks the fourth time this year the Dow has reached a 1,000-point milestone. […] Shares of IBM (IBM.N), which beat expectations on revenue, jumped 8.9 percent and accounted for about 90 points of the day’s 160 point-gain in the blue-chip index. Solid earnings,...

<p>Theranos, the biotech company started by a 19-year-old Stanford dropout, has another hurdle to cross in its whole "we're totally a legit blood-testing company" campaign. This time, it turns out that tens of thousands of blood tests were voided, making them totally invalid. Whoops!</p>

We haven't really written much about the insane Theranos scandal, though we discussed it on our podcast. The whole story is pretty crazy -- involving a heavily hyped up company that appeared to basically be flat out lying to everyone about what it could do. The company still exists, but barely. The company's founder and CEO, who was plastered across magazine covers and compared frequently to Steve Jobs, has been banned from running a lab for two years, and the company is now facing a $140 million lawsuit from its biggest partner, Walgreens, who claims that Theranos repeatedly lied to...

Litigator David Boies and the law firm he founded, Boies, Schiller & Flexner LLP, have stopped doing legal work for Theranos Inc. after disagreeing about the strategy for handling ongoing government investigations of the blood-testing company, according to people familiar with the matter. Mr. Boies, 75 years old, has been one of the country’s best-known litigators since the late 1990s. He became Theranos’s outside counsel after being approached in 2011 by two investors in the Palo Alto, Calif., startup. He fiercely defended Theranos against questions about its technology and operations. Those efforts included threatening to take legal action against The...

Litigator David Boies and the law firm he founded, Boies, Schiller & Flexner LLP, have stopped doing legal work for Theranos Inc. after disagreeing about the strategy for handling ongoing government investigations of the blood-testing company, according to people familiar with the matter. Mr. Boies, 75 years old, has been one of the country’s best-known litigators since the late 1990s. He became Theranos’s outside counsel after being approached in 2011 by two investors in the Palo Alto, Calif., startup. He fiercely defended Theranos against questions about its technology and operations. Those efforts included threatening to take legal action against The...

It's worth asking why Elizabeth Holmes is still leading the embattled blood testing company Theranos Inc. But there may be a good reason why she still is in charge, one that has little to do with the scandal-ridden company's performance to date. Forget what venture capitalist Tim Draper — one of the first to invest in the Palo Alto company — implied this week that Holmes is being attacked because she's a young, female entrepreneur. The simple fact is that Theranos has not been able to deliver on its technology from a commercial, scientific or regulatory standpoint, and that falls...

2016 has not been too kind to Elizabeth Holmes, the Steve-Jobs wannabe in charge of fraudulent Theranos. She has thus far been banned for 2 years from operating labs, removed from hosting fundraisers for Hillary and lost her entire net worth. And now, the Wall Street Journal has published the "tell-all" story of the whistle-blower, 26 year old Tyler Shultz, who brought the the whole Theranos farce crashing down. It's a sordid tale complete with all the expected twists and turns of a Jason Bourne thriller including intimidation, coercion and private detectives. Tyler Shultz is the grandson of George Shultz,...

SAN FRANCISCO — Embattled biotech startup Theranos Inc. has promoted senior litigation counsel David Taylor to acting general counsel. Taylor's already got a full plate. "He's got a mess on his hands," said Hagens Berman Sobol Shapiro partner Robert Carey in Phoenix, one of many lawyers suing the blood diagnostics company for alleged consumer fraud. Carey's suit is one of six similar, separate suits consolidated in the Northern District of California. Aside from that litigation surplus, Theranos is being investigated for investor and consumer fraud by the U.S. Securities and Exchange Commission and the U.S. Department of Justice, respectively. The...