Behind the NYSE, High Grocery Prices, and Boomerang Grads

The New York Stock Exchange is not only one of the oldest stock exchanges in the United States but also the world's largest, with a market cap of more than $28T as of this writing. The more than 2,000 companies listed on this particular stock exchange (defined as a venue in which shares of public companies are often bought and sold) span a variety of industries, including financial services firms like JPMorgan, healthcare companies like Johnson & Johnson, consumer brands like Coca-Cola, and more.

> Visualize the differences between the NYSE and the Nasdaq. (More)
> See a map of the world's 25 largest stock exchanges. (More)

The NYSE was officially founded in 1792 when 24 stockbrokers and merchants, who wanted a more formalized trading system for the fledgling United States, stood under a buttonwood tree on New York City's Wall Street and made the "Buttonwood Agreement" that formed the basis of the exchange. Since then, the NYSE has occupied a few different Wall Street locations. When it first started out, traders met both outside on the street and in coffee shops. But by 1903, the building where the New York Stock Exchange is still housed today had officially opened for business on the corner of Broad Street and Wall Street.

> The history of Wall Street as a financial center began with the establishment of New York City's first official slave market as well as the NYSE. (More)

> One man has worked on the trading floor of the NYSE for over four decades, earning the nickname the "Einstein of Wall Street." (More)

The New York Stock Exchange itself went public in 2006, transforming from a nonprofit organization into a for-profit corporation. Today, the NYSE's parent company, the Intercontinental Exchange, trades on the NYSE under the ticker "ICE."

> Advertising powerhouse Mary Wells Lawrence became the first female CEO of a public company listed on the NYSE in 1968. (More)

> Companies sometimes change which stock exchange they're listed on. (More)

Discover more: 

> There's a grading room on the eighth floor of the NYSE where experts loudly slurp coffee and then spit it out to test its quality. (More)

> Take a video tour of Wall Street's historic architecture, guided by a professional architect. (More)

> Ride along on one coffee company’s journey through the stock market. (More)

🫶 Humankind: The state of Nevada is becoming a bright spot in a tepid US jobs market, accounting for about 12% of all new US jobs.

In partnership with Frontieras

Final Day to Lock in 'FASF' at $9.01/Share

History was made when Frontieras North America broke ground on its flagship coal reformation facility in West Virginia. The state’s governor was even present. The company will use the site to transform coal into six high-value commodities, like diesel and jet fuel, without burning it. 

And it’s opening a door for investors.

Their ‘FASF’ Nasdaq ticker reservation and a perfect storm of market shifts point to potential for growth. Invest in Frontieras and lock in the current $9.01 share price before 11:59 p.m. PT tonight.*

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 News in Context 

1440 brings you the knowledge and context behind the week's stories:

Tech companies such as OpenAI's and Meta's AI ambitions are driving a hiring surge for electricians and carpenters. (More)

> Generative AI may automate nearly 10% of tasks in the US economy.

> What is OpenAI?

Ares Management, a top private credit firm, reported a $36B fundraising quarter—its best ever—on Friday as institutional investors continued allocating to the asset class. (More)

> Private credit—and why it matters—explained.

> How the private credit industry grew from a $250B asset class in 2010 to around $1.5T in early 2024.

After the Fed's decision last week to hold interest rates steady, some Federal Reserve officials said Friday that they favored raising rates to stave off inflation and prevent the need for more drastic rate hikes later. (More)

> Forty years of US interest rates, visualized.

> All 16 former Federal Reserve chairs, ranked by stock market performance.

Eating at home got more expensive this year, with prices for food at home rising 2.7% between June 2025 and June 2026, per recent BLS data. (More)

> Americans were expected to spend over $9B on food for Independence Day this year. 

> How the average American spends their money, visualized.

One Story We're Taking Stock In

Amid a tepid labor market and increasingly high cost of living, more than a quarter of college graduates ages 23 to 27 are moving back in with their parents, up from a low of 18% in 2001, according to recent data. 

The uptick reveals the uneasiness many first-time job seekers are feeling about the labor market, which has been exacerbated by the potential threat of widespread elimination of entry-level jobs due to advancements in artificial intelligence. 

This feature story, one of our favorite reads of the week, explores the shifting stigma around moving back home after college, as well as the economic trends that may be underpinning the growing number of caps, gowns, and diplomas hanging in childhood bedrooms.

> Moving back home after college? All your friends are doing it. (Read)

> See a breakdown of roles most susceptible to workforce shrinkage. (1440 Topics)

In partnership with Frontieras

Others Burn Coal. This Company Cashes It In.

One lump of coal holds five separate commodities, and almost every company just sets it on fire. Frontieras patented a way to pull diesel, jet fuel, naphtha, hydrogen, and fertilizer out of the same ton of coal, without burning any of it. One rock. Five markets totaling $2.1 trillion annually.*

Patents across nine countries protect the process, too, meaning no competitor can replicate it. Invest in Frontieras and lock in the current $9.01 share price before 11:59 p.m. PT tonight.*

Please support our sponsors!

 Etcetera 

> How Estée Lauder revolutionized the cosmetics industry. 

> Why the US won't pay down its debt.

> See every brand that LVMH, the world's largest luxury goods holding company, owns, from Louis Vuitton to Sephora.

> Are CDs good investments?

> "Tulip mania" may have been the first economic bubble.

> How to become an angel investor.

> America's top companies by revenue in 1994 versus 2023.
 

> Why some Ivy League universities are worth billions of dollars.

> Many girlboss-era female-founded companies were branded with the color "millennial pink"—here's why.
 

> The jobs where people automate tasks with AI the most.

> How entry-level investment bankers are paid.

> Tom Petty used bankruptcy to change the music industry.