Weekly recap: The Nasdaq’s toughest week since April, three trades, and earnings
Wall Street’s Rough Start in November November began on a shaky note for Wall Street, with the tech-focused Nasdaq dropping over 3%—its steepest weekly decline since early April. The S&P 500 also saw a dip of 1.6%, breaking a three-week upward trend for both indexes. There seem to be a couple of reasons behind this […]
Changes to Nasdaq’s listing rules may set higher standards for shell companies and crypto treasuries.
NASDAQ’s Proposed Listing Rules: Implications for Digital Asset Companies NASDAQ’s recently unveiled listing regulations might favor established digital asset financing firms while complicating matters for smaller players looking to integrate cryptocurrencies into their finances. On Wednesday, some of the key changes included raising the minimum public float to $15 million, along with expedited registrations for […]
Wokeness is in retreat, but Nasdaq’s ‘diversity rules’ show its awful stench will be hard to eliminate
Awakening is receding, but the stench will be difficult to remove. Consider the strange case of the laborious “Nasdaq diversity rule''. A stock market giant that forces all companies “listed” on the Nasdaq to elect boards that emphasize intersectionality, or racial, sexual, and gender diversity, rather than racial, sexual, and gender diversity. It is a […]
Appeals Court Deals Blow To Nasdaq’s Efforts At Pushing Diversity Rules On Companies
A Louisiana appeals court on Wednesday rejected Nasdaq's proposed rules aimed at increasing diversity on corporate boards. 5th U.S. Circuit Court of Appeals in New Orleans dominated Nasdaq says it cannot implement a proposed diversity policy that would require companies listed on the stock exchange to explain why they lack minority and female directors on […]