Key Events on July 9 Throughout History
Discover the historical events that took place on July 9, including the establishment of the Bombay Stock Exchange in 1875, the inauguration of the first Wimbledon Championship in 1877, the devastating megatsunami in Lituya Bay in 1958, and the appointment of Florence Blanchfield as the first female officer in the US Army in 1947. These events have left a lasting impact on our world, shaping our financial markets, sports history, and military milestones.
Technical Glitch Causes Chaos in Stock Market
A technical issue on Monday morning caused chaos in the stock market as Warren Buffett’s Berkshire Hathaway A-class shares were mistakenly displayed as down nearly 100%. The glitch in the price-bands disrupted trading for several companies before being resolved by midday. This incident highlights the vulnerability of financial markets to technical issues and emphasizes the need for robust infrastructure and risk management.
JSE Considers Splitting Main Board to Attract Smaller Companies
The Johannesburg Stock Exchange (JSE) is considering splitting its main board to attract smaller companies and create a more inclusive platform. This strategic move aims to appeal to a diverse range of businesses and enhance capital raising opportunities. Industry experts are closely monitoring the potential implications of this proposed split, highlighting the JSE’s commitment to fostering innovation and inclusivity in the capital market.