Tag: Wall Street
Wall StreetWall Street returned to life with average trading volume; most buildings in the area with no power
The US stock market slowly returned to life on Wednesday after two days in the dark, in the wake of the massive storm Sandy that caused the market's first weather-related two-day closure since the late 19th century.
NYSE resumes trading Wednesday despite NY transport system remains limited
Stock markets, shuttered for two days by Hurricane Sandy’s punch ashore, plan to reopen Wednesday. The New York Stock Exchange’s parent company, NYSE Euronext, said trading would commence as usual with a 9:30 a.m. opening bell.
US and EU stock soar following on central banks’ decision to provide dollars
Global stocks and the Euro rallied on Wednesday after the world's leading central banks agreed to cut the cost for European banks to borrow much-needed dollars.
NY police arrest 177 in clashes with protestors trying to shut down Wall Street
New York police prevented protesters from shutting down Wall Street, arresting at least 177 people in repeated clashes with an Occupy Wall Street rally that grew to several thousand strong.
Wall Street growing insider trading scandal catches another big fish
Ex-Goldman Sachs director Rajat Gupta has turned himself in to the FBI and pleaded not guilty in court to securities fraud before being freed on a 10 million dollars bail.
‘Occupy Wall Street’ protestors vowed to keep fight in spite of 700 arrests
Anti-Wall Street protesters vowed to keep up their fight on Sunday despite the arrests of more than 700 people the previous day for blocking traffic lanes on the Brooklyn Bridge in an unauthorized protest.
Wall Street fears possible downgrade of US rating in spite of vote on debt ceiling
Wall Street dropped on worries about a possible downgrade of the United States' top credit rating and signs of economic weakness even as the US Congress passed on Tuesday a bill to avoid a debt default.
Nasdaq and ICE bid for New York Stock Exchange Euronext
US exchanges Nasdaq and ICE have mounted a 11.3 billion US dollars bid for NYSE Euronext, topping a previous offer from Deutsche Boerse. The bid compares with Deutsche Boerse's offer of 10.2bn.
US Senate approves biggest overhaul of financial regulation in decades
United States Senate has given final approval to the biggest overhaul of US financial regulation in decades. The reforms are intended to avert a repeat of the 2008 crisis that brought the world economy to the brink of collapse.
Obama attacks critics of banking reforms to end “reckless practices”
US President Barack Obama has attacked critics of his banking reforms in a speech which warned that without change the financial crisis will be repeated. Reckless practices and financial firms that acted like “bandits” should never be allowed to operate again, he said.
