Why an empty floor at the New York Stock Exchange will have little impact on trading

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The closure is visually dramatic but is expected to have little to no impact on the $28 trillion stock market. At 9:30 a.m. this morning, the opening bell rang in another day of trading at the New York Stock Exchange. But unlike every other trading day in the exchange’s 228-year history, its iconic trading floor—which typically houses hundreds of brokers, crowding around computer screens, yelling, and juggling phone calls—was a ghost town. Read Full Story

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NYSE Buzz: What to know about the new ETF that tracks hot stocks on social media

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Powered by artificial intelligence, a new exchange-traded fund was developed to trawl social media, news articles, and blogs. After video game retailer GameStop’s quadruple-digit, Reddit-driven rally caught institutional investors completely off guard in January, Wall Street is adding a new weapon to its arsenal: An exchange-traded fund that tracks stocks heating up on social media. Read Full Story

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Fintech insurance startup Lemonade just filed for an IPO

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With a $2.1 billion estimated valuation, fintech insurer Lemonade may be the next unicorn as it files its IPO. Lemonade, a startup that sells insurance to renters and homeowners (not to be confused with the Beyonce album and film), filed for an IPO on the New York Stock Exchange today, estimating it will raise about $100 million. VCs estimated its current valuation at $2.1 billion , making it another potential unicorn. Read Full Story

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Amnesty International attacks Palantir’s human rights record on the eve of its IPO

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The blue chip nonprofit released a report the week of the company’s expected IPO saying there’s a risk that Palantir’s software was used to enable human rights abuses against immigrants and their children. Two days before Palantir’s expected initial public offering on the New York Stock Exchange, Amnesty International released a report saying the secretive data analytics company presents a risk to human rights. The charge stems from Palantir’s relationship with U.S. Immigration and Customs Enforcement (ICE), and its role as an enabler of the U.S. government’s ill treatment of immigrants and asylum seekers. Read Full Story

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Cord-cutting service FuboTV is coming to the NYSE: Here’s what to know

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The stock offering comes as cable-TV subscribers ditch traditional bundles in record numbers. FuboTV has filed for a public offering on the New York Stock Exchange, the company announced this morning. The sports-focused streaming service, first launched in 2015 as a way to watch soccer games without cable, has been rapidly growing its subscriber count in recent years, despite a flood of competitors in the crowded streaming-TV space. Read Full Story

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