logo
NYSE names Bryan Daniel as president of NYSE Texas

NYSE names Bryan Daniel as president of NYSE Texas

Reuters4 days ago
Aug 4 (Reuters) - The New York Stock Exchange said on Monday it has named Bryan Daniel, a former staffer of Texas Governor Greg Abbott, as the president of NYSE Texas.
The move comes months after Intercontinental Exchange-owned (ICE.N), opens new tab NYSE said it would launch in Texas, as the state emerges as a financial hub and a challenger to New York.
Daniel will report to Lynn Martin, president of the NYSE Group.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Crocs shares plummet as US shoppers rein in spending
Crocs shares plummet as US shoppers rein in spending

BBC News

time13 minutes ago

  • BBC News

Crocs shares plummet as US shoppers rein in spending

Shares of American footwear firm Crocs have plunged nearly 30% after it warned of a drop in sales as US shoppers rein in their rubber clog maker says it expects revenue for the three months to the end of August to fall by about 10% compared with last year, saying that some shoppers are no longer visiting Crocs stores. "We see the US consumer behaving cautiously around discretionary spending," said the firm's chief executive Andrew company's share price is now at its lowest level for nearly three years after suffering the worst single-day drop in almost 15 years. Crocs warned of a "concerning" second half of the year, due to the high cost of living and the potential impact of US President Donald Trump's trade chief financial officer, Susan Healy, said Crocs would take a $40m (£29.8m) hit for the remainder of 2025 due to tariffs."I think we can over the medium-term mitigate the impact of tariffs. That will come from cost savings in our supply chain," said Mr footwear maker also warned that it has seen "ample evidence" that a portion of its customer base is now "super cautious" with their spending."They're not purchasing, they're not even going to the stores, and we see traffic down," Mr Rees said during a call with investors and said it will continue to pull back on discounting its products, cautioning that this could have a further impact on of next year's football World Cup in the US, Mexico and Canada and the 2028 Los Angeles Olympics, Mr Rees said consumers are "migrating back towards athletic" comments came after Crocs reported second quarter revenue of $1.1bn, a 3% rise compared to the same period last company also owns casual footwear brand HEYDUDE, following a $2.5bn takeover in late 2021.

Meta taps PIMCO, Blue Owl for $29 billion data center expansion project, source says
Meta taps PIMCO, Blue Owl for $29 billion data center expansion project, source says

Reuters

time13 minutes ago

  • Reuters

Meta taps PIMCO, Blue Owl for $29 billion data center expansion project, source says

Aug 7 (Reuters) - Meta (META.O), opens new tab has tapped U.S. bond giant PIMCO and alternative asset manager Blue Owl Capital (OWL.N), opens new tab to spearhead a $29 billion financing for its data center expansion in rural Louisiana, a person familiar with the matter told Reuters. PIMCO will handle about $26 billion of debt, likely to be issued in the form of bonds, while Blue Owl will contribute $3 billion in equity, the person said, speaking on condition of anonymity. Bloomberg News, which first reported the deal, said that the company has been working with Morgan Stanley (MS.N), opens new tab to raise funds, while Apollo Global Management (APO.N), opens new tab and KKR (KKR.N), opens new tab were also in the running to lead the deal until the closing stage of negotiations. Meta, PIMCO and Blue Owl declined to comment on the report. The deal comes as Meta looks for partners to help fund its AI infrastructure push. Last week, the company said in a filing that it planned to offload about $2 billion in data center assets as part of a co-development strategy to share the costs of building facilities for generative AI. In July, Meta CEO Mark Zuckerberg said that the company would spend hundreds of billions of dollars to build several massive AI data centers for its superintelligence unit, intensifying his pursuit of a technology he has chased with a talent war for top engineers. Its first multi-gigawatt data center, dubbed Prometheus, is expected to come online in 2026, while another, called Hyperion, will be able to scale up to 5 GW over the coming years, Zuckerberg said in a post last month on his Threads social media platform. In June, the Financial Times reported that Meta was seeking to raise $29 billion from private capital firms to build AI data centers in the U.S., adding that the company is debating how to structure the debt raise and is also evaluating options to raise more capital.

India stock benchmarks set to open higher on proposed Trump-Putin meeting
India stock benchmarks set to open higher on proposed Trump-Putin meeting

Reuters

time13 minutes ago

  • Reuters

India stock benchmarks set to open higher on proposed Trump-Putin meeting

Aug 8 (Reuters) - India's equity benchmarks are set to open higher on Friday, after last session's steep intraday losses, on optimism that a proposed U.S.-Russia presidential meeting next week could ease Washington's stance on India's energy engagement with Russia. Gift Nifty futures were trading at 24,642 points as of 8:17 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will open above Thursday's close of 24,596.15. The Nifty and Sensex (.BSESN), opens new tab fell nearly 1% each during Thursday's session after U.S. President Donald Trump announced an additional 25% tariff on Indian goods, taking the total to 50%, citing New Delhi's continued oil trade with Moscow. Trump has threatened fresh sanctions on Russia and its trade partners from Friday unless his Russian counterpart, Vladimit Putin, agrees to end the 3-1/2-year war in Ukraine. However, markets rebounded after a Kremlin aide confirmed an upcoming Trump-Putin meeting, which analysts said could mark a turning point in the Russia-Ukraine conflict and prompt Washington to ease pressure on nations like India that import Russian oil. Meanwhile, foreign portfolio investors (FPI) offloaded Indian shares for the 14th straight session on Thursday, taking outflows to 49.97 billion rupees ($571 million). Meanwhile, domestic institutional investors (DII) continued their buying spree into the 24th straight session, purchasing equities worth 108.64 billion rupees - the largest single-day buying in four months. Among individual stocks, Swiggy ( opens new tab, Vishal Mega Mart ( opens new tab, Waaree Energies ( opens new tab and Hitachi Energy India ( opens new tab will be in focus, following their upcoming inclusion on the MSCI India index. Sona BLW Precision Forgings ( opens new tab and Thermax ( opens new tab were excluded in this month's reshuffle and will go off the index on August 26. MSCI index inclusion is expected to drive passive inflows into constituent stocks as many foreign investors use MSCI benchmarks to align their portfolios. ** Jeweller Titan's ( opens new tab profit jumps more than 50% in the June quarter as gold prices climb ** AU Small Finance Bank ( opens new tab gets approval from RBI for a universal banking license ** Biocon ( opens new tab posts sharp drop in consolidated net profit in the June quarter ($1 = 87.4960 Indian rupees)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store