The NASDAQ came into existence in 1971. That may seem like a long time ago, but it is a baby compared to the New York Stock Exchange (NYSE), which was established in 1792. While the NASDAQ is known as a tech-heavy exchange, the NYSE is known for housing older brick-and-mortar companies. Companies trading on the
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In this article VIACP TME 9888-HK VIPS DISCA CSG.N-CH 8604.T-JP A massive margin call affected a little-known family office last Friday, incurring billions of dollars in losses for certain banks involved and jolted the overall volatility in the broader market. Archegos Capital Management’s leveraged bets in ViacomCBS blew up and ignited a whopping $20 billion wave
In this article BA TRMB DE 9988-HK 9618-HK SPCE LMT LHX KTOS IRDM ARKX NFLX A SpaceX Falcon 9 rocket carries 10 Iridium NEXT satellites into orbit. mdesigner125 | iStock Editorial | Getty Images Trading in the new space exploration ETF from Ark Invest began on Tuesday, as Cathie Wood’s firm looks to tap the
As of March 30, 2021, nearly 128 million people have been infected with COVID-19 and more than 2.5 million people have died worldwide. This has been further compounded by an economic crisis caused by the disease’s disruption to the world economy, resulting in millions of people losing their livelihoods, exacerbating global poverty and inequality. The
In this article GS MS BTC.CB= A Goldman Sachs logo is seen displayed on a smartphone screen. Omar Marques | SOPA Images | LightRocket | Getty Images Goldman Sachs is close to offering its first investment vehicles for bitcoin and other digital assets to clients of its private wealth management group, CNBC has learned exclusively.
In this article TSLA Three ICEYE satellites, the trio of silver cube-like spacecraft visible near the top of the stack, on SpaceX’s Transporter-1 mission in January 2021. ICEYE Finnish satellite imagery firm ICEYE continues to expand its business in the U.S., announcing Wednesday that it signed $50 million in contracts last year for its services
Marijuana exchange-traded funds (ETFs) provide investors with exposure to equities of companies that engage in the cultivation, distribution, and sale of marijuana and related products. Products of marijuana companies include dried flowers, oils, seeds, edibles, and more. Still prohibited as an illegal substance in many parts of the world, marijuana is gaining wider acceptance for
Avishek Das | LightRocket | Getty Images Robinhood is redesigning some of its app features — most notably ditching its confetti animation —amid scrutiny over the popular stock trading company’s so-called gamification of investing. The free-stock trading pioneer, which is gearing up for its public debut, told CNBC the move is an effort to remove
In this article NPAUU IRDM AST’s corporate headquarters and high-volume manufacturing facility in Midland, Texas AST & Science Satellite-to-smartphone broadband company AST & Science expects to close its SPAC merger next week, the company said on Thursday. Its stock will trade on the Nasdaq. Last year, the company announced plans to merge with special purpose
The COVID-19 pandemic has put government assistance programs into hyperdrive, as many people who never needed them before are having to use them now. Here’s a descriptive list of major government assistance programs for individuals and businesses, with links to where and how to apply. Key Takeaways Many government assistance programs exist to help provide
Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City. Spencer Platt | Getty Images Wall Street investors largely view higher interest rates as the biggest threat to derail the rally in stocks, according to a new CNBC survey. As a part of CNBC’s Quarterly
In this article DISCA David Zaslav Anjali Sundaram | CNBC Discovery’s lightly traded class B shares surged 80% on Wednesday, showing a spike in volume and divergence from the company’s class A shares that is highly unusual. The class B stock, which often sees volume of less than 10,000 shares in a day, had already
It all began with passage of the $8.3 billion Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, enacted into law on March 6, 2020. The $192 billion Families First Coronavirus Response Act came next onMarch 18. With the passage and signing of the CARES Act into law, March 27, 2020, Congress and President Trump set into
In this article AMZN An AWS Ground Station satellite antenna at one of the company’s data center in Boardman, Oregon. Amazon Amazon Web Services announced the launch of a new space startup assistance program on Tuesday, with the tech giant partnering with U.K.-based venture firm Seraphim Capital on the project. The AWS Space Accelerator is
In this article BAC Patrick T. Fallon | Bloomberg | Getty Images Bank of America is expanding its racial justice initiative, devoting more funding toward advocacy and equality for communities of color. “The urgency we feel to address long-standing issues of inclusion and racial inequality has only increased following the attacks and hate speech directed
The Coronavirus, Aid, Relief, and Economic Security Act (CARES Act) directed lenders holding federally-backed mortgages to suspend borrowers’ payments for up to a maximum of 360 days if they had experienced financial hardship due to the Coronavirus outbreak. The Consolidated Appropriations Act (CAA), 2021, which became law Dec. 27, 2020, and the American Rescue Act of
In this article GS VIAC DISCA 8604.T-JP CSG.N-CH GME CNBC’s Jim Cramer on Monday implored younger investors to stay in the market for the long term, despite turbulent events this year, including, most recently, the forced liquidation of positions held by a multibillion dollar family office. “We don’t want it to be 2000 when we
In this article MS GS 8604.T-JP CSG.N-CH VIACP People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, March 19, 2021. Brendan McDermid | Reuters When investors are stampeding for the exits, it pays to be first out the door. That’s what happened when falling shares in ViacomCBS
A tuck-in acquisition, often referred to as a “bolt-on acquisition,” is a type of acquisition in which the acquiring company merges the acquired company into a division of the acquiring entity. Often, this technique is used when the acquiring company wishes to obtain a significant comparative advantage but at a lower cost than would be required for
Anthony Noto, CEO of SoFi Adam Jeffery | CNBC Online finance start-up SoFi is lowering the barrier for amateur investors to buy shares of companies as they go public. These IPO shares have historically been set aside for Wall Street’s institutional investors, or high-net worth individuals. Retail traders don’t have a way to buy into