NYSE holds nearly nine-minute silence in honor of George Floyd
By John McCrank NEW YORK (Reuters) - The New York Stock Exchange and other U.S. financial market operators held nearly nine minutes of silence on Tuesday in honor of George Floyd, a 46-year-old African American who died on May 25 after a white police officer knelt on his neck. The floor of Intercontinental Exchange Inc's NYSE went silent for 8 minutes and 46 seconds at noon, coinciding with the beginning of Floyd's funeral in Houston and the amount of time the officer's knee was on Floyd's neck
By John McCrank
NEW YORK (Reuters) - The New York Stock Exchange and other U.S. financial market operators held nearly nine minutes of silence on Tuesday in honor of George Floyd, a 46-year-old African American who died on May 25 after a white police officer knelt on his neck.
The floor of Intercontinental Exchange Inc's
It was the longest moment of silence held on the NYSE floor in its 228-year history, NYSE spokesman Farrell Kramer said.
"There is no place for racial injustice across corporate America, our communities, our individuals, and we really need to highlight that," NYSE President Stacey Cunningham said in an interview with Axios.
Rival exchange operators Nasdaq Inc
"In times like these, those who challenge one another must come together. That’s why at 12:00:00 ET today, we stand with you @NYSE @Nasdaq @CBOE in an 8 minute and 46 second moment of silence in remembrance of George Floyd. #BlackLivesMatter," IEX posted on Twitter.
On Monday, thousands of mourners paid their respects to Floyd, filing past his open coffin in Houston, where Floyd grew up.
More anti-racism rallies inspired by his treatment were set to take place in the United States and Europe.
"Our nation is in pain right now. So we cannot minimize that pain. It's really critical that we find solutions," Cunningham said.
Recent moments of silence by U.S. exchanges have included Aug. 5, in memory of the victims of mass shootings in Texas, Ohio, and California; as well as a yearly commemoration of the Sept. 11, 2001, terrorist attacks.
(Reporting by John McCrank; Editing by Richard Chang and Jonathan Oatis)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Guinea president 'captured', govt dissolved, claim army putschists'; attack on presidential palace repulsed, say authorities
Reports suggest that they captured President Alpha Conde and dissolved the government, bust the ground situation remains unclear
NEW YORK (Reuters) -The price of cryptocurrencies plunged and crypto trading was delayed on Tuesday, a day in which El Salvador ran into snags as the first country to adopt bitcoin as legal tender. Shares of blockchain-related firms also fell as crypto stocks were hit by trading platform outages. But the major focus was on El Salvador, where the government had to temporarily unplug a digital wallet to cope with demand.
By Joseph White and Sanjana Shivdas (Reuters) -The head of Apple Inc's car project, Doug Field, is going to work for Ford Motor Co to lead the automaker's advanced technology and embedded systems efforts, a hiring coup for Ford Chief Executive Jim Farley.