Tag Archives: New York Stock Exchange

An Indication Of Things To Come?

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Elections have consequences. Unfortunately, not all of those consequences are good. New York City is experiencing some of the consequences of electing a Mayor with little business experience or understanding of economics.

On Monday, The Epoch Times reported:

President Donald Trump said on Jan. 19 that building a New York Stock Exchange (NYSE) in Dallas would be detrimental to New York and pose a big test for newly elected New York City Mayor Zohran Mamdani.

Intercontinental Exchange, which owns the NYSE, announced in February 2025 that it would launch NYSE Texas, a fully electronic equities exchange based in Dallas, pending regulatory filings. As part of the move, NYSE Chicago was reincorporated in Texas and renamed as NYSE Texas, allowing companies to list their securities on NYSE Texas.

NYSE Texas began operations in March 2025, and Trump Media & Technology Group was the first company to list on the Dallas-based exchange and hold a dual listing, according to a company statement.

“Building a ‘New York Stock Exchange’ in Dallas is an unbelievably bad thing for New York,” Trump said in a Truth Social post. “I can’t believe they would let this happen.”

What would be the economic impact on New York City if the stock exchange moved to Dallas? I have no idea, but it wouldn’t be good. How much money flows into the city from people who work for the stock exchange through property rentals, lunches, etc.?

The article notes:

NYSE Group President Lynn Martin said in February 2025 that Texas hosts the most NYSE-listed companies, representing more than $3.7 trillion of market value. The exchange views Texas as “a market leader in fostering a pro-business atmosphere,” Martin said.

“We are delighted to expand our presence in the Lone Star State, which plays a key role in driving our U.S. economy forward,” Martin said in a statement at the time.

The article concludes:

The establishment of NYSE Texas coincided with the rise of another major exchange in the state.

TXSE Group said in January 2025 that it had filed with the Securities and Exchange Commission to register the Texas Stock Exchange (TXSE) as a national securities exchange. The company has raised $161 million in an initial funding round and plans to begin trading early this year.

Businesses move to places that have policies that are favorable to doing business. Under Mayor Mandani, New York City may no longer fit that description.

Can We Check The Bank Accounts Of The People Involved In This Decision?

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The Daily Caller is reporting today that the New York Stock Exchange is reversing the decision it made Thursday to delist three Chinese telecommunication operators.

The article reports:

“In light of further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control, NYSE Regulation no longer intends to move forward with the delisting action in relation to the three issuers which was announced on Dec. 31, 2020,” the Exchange announced in a press release Monday.

The NYSE had originally announced Thursday that it would delist three major Chinese telecommunications operators, including China Mobile, one of China’s most valuable NYSE-listed state-owned enterprises, in compliance with Executive Order 13959.

This decision is being made in anticipation of a China-friendly Biden administration taking control later this month. It is a reflection of the fact that under Biden China will go back to taking full advantage of America in every way possible.

The article concludes:

The NYSE’s reversal, coming in the twilight weeks of Trump’s presidency, highlighted the confusion surrounding the implementation and implications of a U.S. ban on Chinese firms deemed to have military links, Reuters reported.

Hong Kong-traded shares in the three companies had surged following the reversal’s news, according to further reporting from Reuters. The NYSE move also briefly raised the yuan to a new 30-month high, as markets saw it as a form of easing geopolitical tensions.

This is a true illustration of ‘follow the money.’ It would be interesting to see who was speculating on the rise of the yuan. That would tell us a lot.

It Just Keeps Dripping

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Paul Mirengoff posted an article at Power Line today reporting major gaps in Hillary Clinton’s appointment calendar during her tenure as Secretary of State.

The article reports:

AP has identified at least 75 meetings that Hillary Clinton had with longtime political donors, Clinton Foundation contributors, and corporate and other outside interests that were not recorded (or not properly recorded) on her State Department calendar. AP identified the meetings by comparing her calendar with separate planning schedules supplied to Clinton by aides in advance of each day’s events.

In many cases, Clinton’s State Department calendar simply excluded the meeting altogether. On other occasions, the names of those with whom she met were omitted.

It seems clear that the omissions were made to obscure Clinton’s ties to tycoons and big donors. For example, in one omission, Clinton’s State Department calendar dropped the identities of a dozen major Wall Street and business leaders who met with her during a private breakfast discussion at the New York Stock Exchange in September 2009.

The first thing to notice here is that the search for this information was initiated by the Associated Press. Usually the press is supporting Hillary Clinton. Since the press tends to be aligned with the Democratic Party, this is an interesting development.

The article further reports:

AP had to go to court to pry from the State Department the records it needed to expose this latest example of Clinton’s lack of transparency and her ties to the wealthy.

The AP first sought Clinton’s calendar and schedules from the State Department in August 2013, but the agency would not acknowledge even that it had the material. After nearly two years of delay, the AP sued the State Department in March 2015.

The department agreed in a court filing last August to turn over Clinton’s calendar, and provided the documents in November. After noticing discrepancies between Clinton’s calendar and some schedules, the AP pressed in court for all of Clinton’s planning material.

The U.S. has released about one-third of those planners to the AP so far.

Is this a person we want in the White House?