Wall Street
Business
Stock Markets in Turmoil as Banking Fears Spread
Stock markets are in turmoil with banking shares falling sharply on Wednesday as investors remain nervous following the collapse of Silicon Valley Bank (SVB) in the US last week.
The failure of SVB has raised fears that other banks could...
events
The Week Wall Street Crashed
This week marks the ninety-third anniversary of the 1929 Wall Street Crash that plunged America into the Great Depression. It began on October 24th with the drastic fall of share prices on the New York stock exchange. Black Thursday,...
Business
The NYSE Was Founded Under a Tree on May 17, 1792
The New York Stock Exchange (NYSE), the largest such stock exchange in the world, has quite humble origins.
According to legend, it was founded on May 17, 1792 under a buttonwood tree outside of 68 Wall Street when 24 stockbrokers...
Economy
Erdogan Wants to Set Up an Islamic “Wall Street” in Turkey
Turkish President Recep Tayyip Erdogan said on Thursday that he wants to turn Istanbul into a financial hub for the Islamic world -- at a time when the country's economy is in serious trouble.
"We are seeking to become one...
Business
First Bitcoin ETF Has Officially Started Trading
The first Bictoin-linked exchange traded fund officially went live on Tuesday. The ProShares Bitcoin Strategy ETF started trading at $40 a share when it opened on Tuesday, and was up 5% by the time the market closed.
The ProShares fund...
Economy
Global Markets Rattled by Greek Referendum
Stock markets around the world plunged today after Greek Prime Minister George Papandreou said he will hold a high risk referendum on the country's participation in the European bailout package.
The Dow Jones industrial average is down more than 260...