Wall Street (4)
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Wall Street (4)
Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for the financial markets of the United States as a whole, the American financial services industry, New York–based financial interests, or the Financial District itself. Anchored by Wall Street, New York has been described as the world's principal financial center. Wall Street was originally known in Dutch as "de Waalstraat" when it was part of New Amsterdam in the 17th century, though the origins of the name vary. An actual wall existed on the street from 1685 to 1699. During the 17th century, Wall Street was a slave trading marketplace and a securities trading site, and from the early eighteenth century (1703) the location of Federal Hall, New York's first city hall. In the early 19th century, both residences and businesses occupied the ar ...
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New York Stock Exchange Building
The New York Stock Exchange Building (also the NYSE Building), in the Financial District of Lower Manhattan in New York City, serves as the headquarters of the New York Stock Exchange (NYSE). It is composed of two connected structures occupying part of the city block bounded by Wall Street, Broad Street, New Street, and Exchange Place. The central section of the block contains the original structure at 18 Broad Street, designed in the Classical Revival style by George B. Post. The northern section contains a 23-story office annex at 11 Wall Street, designed by Trowbridge & Livingston in a similar style. The marble facade of 18 Broad Street contains colonnades facing east toward Broad Street and west toward New Street, both atop two-story podiums. The Broad Street colonnade, an icon of the NYSE, contains a pediment designed by John Quincy Adams Ward and Paul Wayland Bartlett, depicting commerce and industry. The facade of 11 Wall Street is simpler in desig ...
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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, securiti ...
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World Trade Center (2001–present)
The World Trade Center (WTC) is a mostly completed complex of buildings in the Lower Manhattan neighborhood of New York City, U.S., replacing the original seven buildings on the same site that were destroyed in the September 11 attacks. The site is being rebuilt with up to six new skyscrapers, four of which have been completed; a memorial and museum to those killed in the attacks; the elevated Liberty Park adjacent to the site, containing the St. Nicholas Greek Orthodox Church and the Vehicular Security Center; and a transportation hub.One, 3, 4, and 7 WTC, as well as the September 11 Memorial Museum, Liberty Park, Vehicle Security Center, and the Transportation Hub are complete. 2 and 5 WTC, as well as the Performing Arts Center, are under construction. The 94-story One World Trade Center, the tallest building in the Western Hemisphere, is the lead building for the new complex. The buildings are among many created by the World Trade Centers Association. The original World T ...
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World Trade Center (1973–2001)
The original World Trade Center (WTC) was a large complex of seven buildings in the Financial District of Lower Manhattan in New York City. It opened on April 4, 1973, and was destroyed in 2001 during the September 11 attacks. At the time of their completion, the Twin Towers—the original 1 World Trade Center (the North Tower) at ; and 2 World Trade Center (the South Tower) at —were the tallest buildings in the world. Other buildings in the complex included the Marriott World Trade Center (3 WTC), 4 WTC, 5 WTC, 6 WTC, and 7 WTC. The complex contained of office space. The core complex was built between 1966 and 1975, at a cost of $400 million (equivalent to $3.56 billion in 2022). The idea was suggested by David Rockefeller to help stimulate urban renewal in Lower Manhattan, and his brother Nelson signed the legislation to build it. The buildings at the complex were designed by Minoru Yamasaki. In 1998, the Port Authority of New York and New Jersey decided ...
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Ferry Terminal
A passenger terminal is a structure in a port which services passengers boarding and leaving water vessels such as ferries, cruise ships and ocean liners. Depending on the types of vessels serviced by the terminal, it may be named (for example) ferry terminal, cruise terminal, marine terminal or maritime passenger terminal. As well as passengers, a passenger terminal sometimes has facilities for automobiles and other land vehicles to be picked up and dropped off by the water vessel. Facilities Passenger terminals may vary greatly in size. A small ferry terminal servicing a commuter ferry may just have the means to tie up the vessel and a waiting area for passengers. Even for a large, vehicle-carrying cross-sea ferry, the terminal at a small island location may be similar sized, with just a short ramp to enable vehicles to be driven onto the ferry. Passengers may be loaded onto a ship from the wharf by a gangway or by a linkspan. Goods packed in containers may be driven onto th ...
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Ferry
A ferry is a ship, watercraft or amphibious vehicle used to carry passengers, and sometimes vehicles and cargo, across a body of water. A passenger ferry with many stops, such as in Venice, Italy, is sometimes called a water bus or water taxi. Ferries form a part of the public transport systems of many waterside cities and islands, allowing direct transit between points at a capital cost much lower than bridges or tunnels. Ship connections of much larger distances (such as over long distances in water bodies like the Mediterranean Sea) may also be called ferry services, and many carry vehicles. History In ancient times The profession of the ferryman is embodied in Greek mythology in Charon, the boatman who transported souls across the River Styx to the Underworld. Speculation that a pair of oxen propelled a ship having a water wheel can be found in 4th century Roman literature "''Anonymus De Rebus Bellicis''". Though impractical, there is no reason why it could not work ...
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New York City Subway
The New York City Subway is a rapid transit system owned by the government of New York City and leased to the New York City Transit Authority, an affiliate agency of the state-run Metropolitan Transportation Authority (MTA). Opened on October 27, 1904, the New York City Subway is one of the world's oldest public transit systems, one of the most-used, and the one with the most stations, with New York City Subway stations, 472 stations in operation (424 if stations connected by transfers are counted as single stations). Stations are located throughout the boroughs of Manhattan, Brooklyn, Queens, and the Bronx. The system has operated 24/7 service every day of the year throughout most of its history, barring emergencies and disasters. By annual ridership, the New York City Subway is the busiest rapid transit system in both the Western Hemisphere and the Western world, as well as the List of metro systems, seventh-busiest rapid transit rail system in the world. In , the subway deliv ...
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One Wall Street
1 Wall Street (also known as the Irving Trust Company Building, the Bank of New York Building, and the BNY Mellon Building) is a skyscraper in the Financial District of Lower Manhattan, New York City, on the eastern side of Broadway between Wall Street and Exchange Place. 1 Wall Street, designed in the Art Deco style, is tall and consists of two sections. The original 50-story building was designed by Ralph Thomas Walker of the firm Voorhees, Gmelin and Walker and constructed between 1929 and 1931, while a 36-story annex to the south was designed by successor firm Voorhees, Walker Smith Smith & Haines and built from 1963 to 1965. The facade, made of limestone, contains slight inwardly-curved bays with fluting to resemble curtains. On the lower stories are narrow windows with mullions, as well as ornate entrances. The massing of 1 Wall Street incorporates numerous small setbacks, and the top of the original building consists of a freestanding tower. The corners of the ori ...
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Federal Hall National Memorial
Federal Hall is a historic building at 26 Wall Street in the Financial District of Manhattan in New York City. The current Greek Revival–style building, completed in 1842 as the Custom House, is operated by the National Park Service as a national memorial called the Federal Hall National Memorial. The memorial is named after a Federal style building on the same site, completed in 1703 as City Hall. The original building served as New York's first City Hall and hosted the 1765 Stamp Act Congress before the American Revolution. After the United States became an independent nation, the building served as meeting place for the Congress of the Confederation, the nation's first central government under the Articles of Confederation, from 1785 to 1789. With the establishment of the United States federal government in 1789, it was renamed Federal Hall, as it hosted the 1st Congress and was the place where George Washington was sworn in as the nation’s first president. It was demol ...
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American Stock Exchange
NYSE American, formerly known as the American Stock Exchange (AMEX), and more recently as NYSE MKT, is an American stock exchange situated in New York City. AMEX was previously a mutual organization, owned by its members. Until 1953, it was known as the New York Curb Exchange. NYSE Euronext acquired AMEX on October 1, 2008, with AMEX integrated with the Alternext European small-cap exchange and renamed the NYSE Alternext U.S. In March 2009, NYSE Alternext U.S. was changed to NYSE Amex Equities. On May 10, 2012, NYSE Amex Equities changed its name to NYSE MKT LLC. Following the SEC approval of competing stock exchange IEX in 2016, NYSE MKT rebranded as NYSE American and introduced a 350-microsecond delay in trading, referred to as a "speed bump", which is also present on the IEX. History The Curb market The exchange grew out of the loosely organized curb market of curbstone brokers on Broad Street in Manhattan. Efforts to organize and standardize the market started early in ...
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New York Mercantile Exchange
The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago. NYMEX is located at One North End Avenue in Brookfield Place in the Battery Park City section of Manhattan, New York City. The company's two principal divisions are the New York Mercantile Exchange and Commodity Exchange, Inc (COMEX), once separately owned exchanges. NYMEX traces its history to 1882 and for most of its history, as was common of exchanges, it was owned by the members who traded there. Later, NYMEX Holdings, Inc., the former parent company of the New York Mercantile Exchange and COMEX, went public and became listed on the New York Stock Exchange on November 17, 2006, under the ticker symbol NMX. On March 17, 2008, Chicago based CME Group signed a definitive agreement to acquire NYMEX Holdings, Inc. for $11.2 billion in cash and stock and the takeover was completed in August 2008. Both NYMEX and COMEX now operate as designated contract markets ...
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Commodity
In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price. Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemical substance, chemicals and computer memory. Popular commodities include Petroleum, crude oil, Maize, corn, and gold. Other definitions of commodity include something useful or valued and an alternative ter ...
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