Tag: NYSE

House GOP Probes Biden Administration’s Opening of Public Lands to Potential Foreign Ownership

Michigan Star Staff

Republicans on the House Natural Resources Committee have launched an investigation of the Biden Administration’s proposal to open public lands to private ownership, which includes the possibility of foreigners buying such land.

According to Fox News, the effort is being led by Chairman Bruce Westerman (R-Ark.), who informed the Securities and Exchange Commission (SEC) of the investigation’s launch. The proposed rule change from the SEC would allow for a new type of public company, referred to as Natural Asset Companies (NACs), to trade on the New York Stock Exchange (NYSE).

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Stock Market Nosedives as Massive Sell-Off Continues

Michigan Star Staff

Major stock market indices plummeted Monday in a continuing sell-off tied to China’s declining property value, increasing COVID-19 cases and lack of progress in Congress on increasing the debt limit.

The Dow Jones Industrial Average (DJIA), an index measuring 30 major U.S. corporations, dropped 1.78% on Monday. The S&P index, which measures 500 of the largest publicly traded companies, fell 1.7%, while the NASDAQ, an index composed largely of technology firms, declined 2.19%.

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Tech Leads the Way as US Stocks Head for a Third Month of Gains

The Associated Press

Stocks closed higher on Wall Street Tuesday, extending the market’s recent winning streak after another strong showing by technology companies.

The S&P 500 rose 0.4% and is on pace for its third straight monthly gain. The Nasdaq composite, which is heavily weighted with technology stocks, climbed to an all-time high for the second day in a row. Bond yields rose, another sign of increasing confidence in the economy.

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