NYSE Financial News

Major cryptocurrency investment firm Grayscale Investments has filed a new application with the United States Securities and Exchange Commission (SEC) for a new spot Bitcoin (BTC) exchange-traded fund (ETF).

Bakkt Holdings Inc., the digital-asset marketplace launched by the parent of the New York Stock Exchange, is exploring a potential sale amid a spike in crypto-related takeover activity, according to people familiar with the matter. Bakkt has been working with a financial advisor to weigh a range of strategic options, including a breakup, said the people, who asked to not be identified because the details aren’t public. No final decision has been made and Bakkt could opt to remain independent. A representative for Alpharetta, Georgia-based Bakkt declined to comment.

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General Electric (NYSE:GE) gained 6% in early trading Tuesday following another beat and raise quarter.

The New York Stock Exchange and Nasdaq would no longer be able to offer a kind of special discount that rewards Wall Street brokerages for routing large amounts of trade orders to them under a new plan from the Securities and Exchange Commission.

On October 2, 2023, NYSE Arca and Grayscale Investments took a significant step in the regulated crypto investment landscape by filing Form 19b-4 with the SEC. The aim is to convert Grayscale Ethereum Trust (OTCQX: ETHE) into a spot Ethereum ETF. «As we file to convert ETHE to an ETF, the natural next step in the product’s evolution, we recognize this as an important moment to bring Ethereum even further into the U.S. regulatory perimeter,» said Michael Sonnenshein, CEO of Grayscale Investments.

NCR Corporation (NYSE: NCR) has disclosed further details concerning its previously announced separation of its ATM-focused businesses, including Self-Service Banking, Payments & Network, and Telecommunications and Technology sectors. The separation will involve the distribution of all common stock of NCR Atleos Corporation (formerly NCR Atleos, LLC) held by NCR Corporation to its common stockholders.

stocks. The S&P 500 and Nasdaq posted their biggest monthly percentage drops of the year, while all three major indexes had their first quarterly declines in 2023. Data showed the personal consumption expenditures (PCE) price index, excluding the volatile food and energy components, increased 3.9% on an annual basis for August, the first time in over two years it had fallen below 4%. The Fed tracks the PCE price indexes for its 2% inflation target. Stocks had pushed higher initially after the PCE report but then faded. The data revealed a «better than expected but still elevated inflation picture,» said Eric Freedman, chief investment officer at U.S.

By Laura Matthews

Investors were also watching developments in Washington to see whether U.S. lawmakers could avert a government shutdown. The recent move in Treasury yields to 16-year highs has loomed over the stock market, which has pulled back after the Federal Reserve last week signaled a hawkish long-term outlook for interest rates. The benchmark 10-year Treasury yield pausing at around 4.6% was bringing «relief,» said Matt Stucky, senior portfolio manager at Northwestern Mutual Wealth Management Co. «Markets in general the last few days have been really, really choppy,» Stucky said. «A little bit of a counter trend rally is to be expected after three or four pretty sharply negative days.» The Dow Jones Industrial Average rose 116.07 points, or 0.35%, to 33,666.34, the S&P 500 gained 25.19 points, or 0.59%, to 4,299.70 and the Nasdaq Composite gained 108.43 points, or 0.83%, to 13,201.28. Among S&P 500 sectors, the communication services group gained 1.2%, while materials rose 1%.

Infosys, Wipro Infosys and Wipro ADRs slumped in trade on Thursday on the NYSE as peer Accenture Plc’s growth guidance left investors in dismay. Quick Heal Technologies American venture capital firm Sequoia Capital has exited Quick Heal Technologies Ltd, by selling its entire 3.4% stake in the company through the open market on Thursday. Read more: Here's the trade setup for today's session Adani Green Abu Dhabi-based International Holding Co said it plans to sell its investment in Adani Group firms – Adani Green Energy Ltd and Adani Energy Solutions Ltd. Asian Paints Asian Paints Co-founder and Non-Executive Director, Ashwin Suryakant Dani, on Thursday passed away at the age of 81. Cholamandalam Investment Cholamandalam Investment and Finance launched a qualified institutional placement up to Rs 2,000 crore. Piramal Pharma USFDA conducted a good manufacturing practices inspection of Piramal Pharma's Bethlehem facility and issued two observations. Uno Minda Uno Minda to increase stake in its JV with Westport to 76% to accelerate growth in growing CNG and other alternate fuel markets. SBI Life The Board has approved the appointment of Amit Jhingran as the MD and CEO of the company with effect from October 01. Emami Emami announced its foray into the juice category with AloFrut through strategic investment in Axiom Ayurveda and its subsidiaries. Navin Fluorine Radhesh R Welling has tendered his resignation as the Managing Director and a Director on the Board of the company for personal reasons.

Infosys and Wipro slumped in trade on Thursday on the New York Stock Exchange as peer Accenture Plc’s growth guidance left investors in dismay. Accenture, which released its earnings for the three months ended August, guided a meagre 2-5% growth in annual revenue in the backdrop of a subdued business environment for IT services. Accenture follows the September-August financial year. For the quarter ending November, the IT major expects revenue to be in the $15.85-16.45 billion range.

Treasury yields and uncertainty about the path ahead for interest rates. Investors were also attuned to developments in Washington as divisions among U.S. lawmakers put the federal government at risk of a partial shutdown by the weekend. A possible shutdown has added to worries for stock investors as they grapple with benchmark Treasury yields that have climbed to 16-year highs after the Federal Reserve last week signaled a hawkish long-term path for interest rates. At the same time, as the S&P 500 has sharply pared its year-to-date gain, some investors are wondering if the market is close to a bottom. «At some point people will start to buy stocks for the fourth quarter, and the third-quarter selling might be almost done,» said Peter Tuz, president of Chase Investment Counsel. «At a certain level, people are going to get back in thinking the fourth quarter might be a pretty good one.» The Dow Jones Industrial Average fell 68.61 points, or 0.2%, to 33,550.27, the S&P 500 gained 0.98 points, or 0.02%, at 4,274.51 and the Nasdaq Composite rose 29.24 points, or 0.22%, to 13,092.85. During the session, the S&P 500 rose as much as 0.4% and fell as much as 0.8% before paring losses. Among S&P 500 sectors, the rate-sensitive utilities group fell most, dropping 1.9%.

Wall Street's main indexes posted gains on Monday, with increases in Amazon.com shares and the energy sector, as Treasury yields rose further and investors looked to economic data and Federal Reserve policymakers' remarks later in the week for clarity on the path for interest rates. Investors are grappling with the rise in benchmark Treasury yields to 16-year highs after the Fed gave a hawkish longer-term rate outlook. The S&P 500 rebounded on Monday after last week it had its biggest weekly drop since March. There is a «tug of war between investors seemingly getting more concerned about 'higher for longer'… and bulls wondering maybe we have seen the correction and we can start to build from these levels higher,» said Chuck Carlson, chief executive officer at Horizon Investment Services. The Dow Jones Industrial Average rose 43.04 points, or 0.13%, to 34,006.88; the S&P 500 gained 17.38 points, or 0.40%, at 4,337.44; and the Nasdaq Composite added 59.51 points, or 0.45%, at 13,271.32. Among S&P 500 sectors, energy led the way, rising 1.3%, while materials gained 0.8%.

NYSE Arca Exchange has submitted an updated application to list the Bitwise Bitcoin exchange-traded fund (ETF) Trust. 

international funds have offered more than 30% in a one-year horizon, a data crunching by ETMutualFunds showed. There were around 68 schemes in the international category. These 12 schemes were from different geographies such as — NYSE, NASDAQ, US, pan european, global equity. The overseas indices like NASDAQ, NASDAQ 100, NYSE, DAX, and Dow Jones were also up in the last one-year horizon, ranging from 12% to 29%. NASDAQ 100 was up by 29.68%, followed by DAX, which was up by 26.64%. That indicates the performance by these funds in a one-year horizon. The toppers in the list were from Mirae Asset Mutual Fund. Mirae Asset NYSE FANG+ ETF topped the return chart and offered 53.21%, followed by Mirae Asset NYSE FANG+ETF FoF which offered 52.33% in the one-year horizon.

Azure Power Global is looking to tap existing investors — Canada's CDPQ and OMERS — and also exploring options like selling minority stakes in its projects and bank debt, to raise as much as ₹5,800 crore ($700 million) to fund capacity expansion. It is considering part equity and part debt for the fundraising as it works to limit leverage. «Azure Power will need $700 million to deliver the next three power projects including 700 MW solar, 120 MW wind and 150 MW hybrid project,» said a company spokesperson. «To deliver the projects by next financial year, Azure will have to bring in part equity and raise debt.

Nasdaq debut on Thursday, as shares of the chip designer were set to blow past their offer price. Its stock was indicated to open at $60 per American Depositary Share versus the initial public offering (IPO) price of $51. The company had secured a valuation of $54.5 billion on Wednesday after pricing its IPO at the top end of its marketed range. Arm was taken private seven years ago for $32 billion by SoftBank, which has been looking to cash out some of its stake since at least 2020, when it signed a $40 billion deal with chipmaker Nvidia for Arm. The plans, however, were abandoned less than two years later due to regulatory roadblocks. Since then it has pivoted towards an IPO, though that also came with its own hurdles, including run-ins with the British government that was campaigning for a London listing for the chip designer. Arm's return as a public company represents a climb-down from the $64 billion it was valued at last month when the Japanese investment giant acquired the 25% stake it did not directly own from its Vision Fund unit. The IPO fetched $4.87 billion for SoftBank, which still holds a 90.6% stake in Arm, according to a regulatory filing.

WWE), the world's biggest sports entertainment company and the top mixed martial arts promotion (UFC) completed their merger to form a new entity named TKO Group Holdings. WWE announced the merger through their website. Endeavor Group Holdings owns the UFC. «Endeavor Group Holdings, Inc.

Shares of TKO Group, the new company that houses WWE and UFC, opened at $102 per share in their first day of trading on the New York Stock Exchange on Tuesday

By Davit Kirakosyan