Wall Street

There could be good news coming for one side of a war tearing Wall Street apart

• <b>Trading firms have long complained about the mounting cost of data charged by US exchanges like the New York Stock Exchange and Nasdaq.</b>• <b><br>The Securities and Exchange Commission's appointment of Brett Redfearn, a trading veteran and critic of the way exchanges sell data, may signal change is on the way.</b><p>…

End of an era as Hong Kong stock trading floor set to close

Hong Kong's last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall.<p>The bourse's …

Wall Street Weekahead: Recent hurricanes take toll on quarterly earnings | Reuters

This story has not been edited by Firstpost staff and is generated by auto-feed.<p>Published Date: Oct 21, 2017 12:45 am | Updated Date: Oct 21, 2017 …

Snap lays off 18 employees in recruiting division

SAN FRANCISCO (Reuters) - Social media company Snap Inc (SNAP.N) said on Friday it had laid off 18 people in its recruiting division, an unusual move for a young company with ambitious growth plans and a likely reflection of tough competition from Facebook Inc (FB.O).<p>Venice, California-based Snap, …

Gains by banks, technology firms lead US stocks higher

U.S. stocks notched modest gains in afternoon trading Friday as investors cheered a crop of strong company earnings. Technology companies posted some of the biggest gains. Banks and bond yields jumped after the Senate passed a budget bill that eases the path toward passing tax cuts sought by the …

Nestle Hits the Gas to Speed Up Its Profit Gains

The food giant's sales remained sluggish, but CEO Mark Schneider has some ideas on how to go forward.<p>Everyone needs food, and that puts <b>Nestle</b> …

Southeast Asia’s Sea, formerly Garena, to raise upwards of $884M in US IPO

Sea, the Singapore-based digital entertainment firm formerly known as Garena, is set to raise upwards of $884 million when it lists on the New York Stock Exchange Friday under ‘SE’.<p>The company, which specializes in publishing games but also offers payment and e-commerce services, has priced its …

At GE, A New Urgency To Return To Industrial Roots

Support the news<p>The ambition of new CEO John Flannery to pare away everything that could stand in the way of General Electric's return to its …

Raising Fortunes for Wall Street and Birthing Hardship for US ~ The Ghion Journal

Journal, CNBC and their ilk are yet again banging the drums and cheering the institutional gluttony of Wall Street, there is an ominous shadow …

Qudian’s New York IPO underlines appetite for China’s fintech

Qudian, one of China’s largest online lenders, had a debut to remember on the New York Stock Exchange this week. Its shares closed up 22 per cent, …

The NYSE Market Close... Is It A Marketing Stunt? Should It Be Illegal?

Lately, the NYSE touts their human floor traders’ informed judgment in placing orders at the market close.<p>Floor traders have a monopoly -- a …

Have we seen this story before? Black Monday 30 years later

How long can this nirvana last for investors?<p>The stock market keeps ticking methodically higher into record territory, and the Dow Jones industrial average closed above 23,000 for the first time on Wednesday. It’s been nearly 16 months since S&P 500 index funds had a pullback of even 5 percent over …

Stocks- Wall Street Opens at Record Highs Amid Tax-Cut Hope

Investing.com – Wall Street opened higher on Friday morning amid optimism that the U.S. administration could be closer to implementing a tax-cut plan.<p>…

The next crash: not the usual suspects

The City of London was another country 30 years ago. Banking and lunchtime drinking were both respectable activities and markets could crater …

European Stocks Fall, Wall Street Futures Tumble As Spain Invokes Catalan Rule

European stocks fell sharply across the board Thursday after Spain's central government said it will assume control of the region of Catalonia after …

Merck cyber attack may cost insurers $275 mln - Verisk's PCS

NEW YORK (Reuters) - Insurers could pay $275 million to cover the insured portion of drugmaker Merck & Co's loss from a cyber attack in June, according to a forecast by Verisk Analytics Inc's Property Claim Services (PCS) unit.<p>Merck, however, has not disclosed the magnitude of its uninsured losses …

SendGrid Files For An Initial Public Offering

SendGrid, hoping to ride the wave of an email market estimated as $11 billion last year, has filed a statement with the Securities and Exchange …

Black Monday: Can a 1987-style stock market crash happen again?

Adobe hits new all-time high as Wall Street loves its new A.I., cloud products

Adobe gave strong earnings-per-share guidance for fiscal 2018 of $5.50 versus the $5.21 consensus at its analyst day.

30 Years After Black Monday, A Look At Its Effects on Real Estate

A record-breaking stock market decline and a lesson on patience<p>Exactly 30 years later, Black Monday still holds the record for the stock market’s …

Brewdog considers New York Stock Exchange float in London snub

Brewdog could snub London to list in the US when the beer business floats.<p>Co-founder James Watt said in an interview with City A.M. that the …

Traders panicking on Black Monday as numerous were taken to hospital

By , US news editor<p>Black Monday (not to be confused with Black Friday — that awesome shopping discount period where people literally fight to buy …

A Black Friday replay? Why market pros think it can't happen

Art Hogan was four years into his career on Wall Street when one of the market's darkest days hit, a massive market crash that would make history and …

Tencent-backed Sea seeks to raise $1bn in New York IPO

Tencent-backed Sea Limited will seek to raise more than $1bn via an initial public offering in New York on Friday.<p>The Southeast Asian ecommerce and …

SendGrid files for initial public offering of stock

SendGrid on Thursday said it intends to make an initial public offering.<p>The Denver-based company known for handling billions of transactional …

TheStreet Staff Recalls Black Monday and the Crash of 1987

For many investors, investment professionals and even us journalists who were around to witness Black Monday, Oct. 19, 1987 is a day they remember. …

Black Monday wiped off a fifth of the LSE's value

The FTSE 100 fell 11 per cent on the day, and then fell a further 12 per cent the next day, wiping out more than a fifth of the value of the London …

Publicis Groupe's Q3 Results Lower Than Expected, Ad Sector Stocks Fall

While Publicis Groupe showed some modest improvement in organic growth during the third quarter (results were issued today) the gains fell short of …

Three money managers who lived through the 1987 stock-market crash warn of danger today - MarketWatch

When the stock market crashed on Oct. 19, 1987, investors panicked. It was an unfamiliar event — the previous decline of a similar magnitude occurred …

A Stock Market Panic Like 1987 Could Happen Again

Oct. 19, 1987, was one of the worst days in stock market history. Thirty years later, it would be comforting to believe it couldn’t happen again.<p>Yet that’s true only in the narrowest sense: Regulatory and technological change has made an exact repeat of that terrible day impossible. We are still at …