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This Happened

This Happened - February 8: Nasdaq Opens

On this day in 1971, NASDAQ, the world's first electronic stock market was created in New York City.

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What is NASDAQ?

The NASDAQ (National Association of Securities Dealers Automated Quotations) is an American stock exchange. The NASDAQ is operated and owned by the Nasdaq, Inc. and it is home to many technology-based companies and startups.

How did the NASDAQ differ from traditional stock markets?

The NASDAQ was the first market to use electronic trading systems, as opposed to the traditional open outcry system used by other stock markets. This allowed for faster and more efficient trading .

How has the NASDAQ evolved over the years?

Over the years, NASDAQ became more robust by adding automated trading systems, and in 1998, became the first stock market in the United States to trade online, using the slogan "the stock market for the next hundred years".

What is the current role of the NASDAQ in the global financial market?

The NASDAQ is currently one of the world's largest stock markets, with a wide range of companies listed on it, including technology giants like Apple and Microsoft. It plays a significant role in the global financial market.


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FOCUS: Israel-Palestine War

Here's Why Iran Might End Up Turning Its Back On Hamas

Iran's revolutionary regime insists it wants Israel destroyed and has threatened a regional war, but its actions are ambivalent, suggesting it may fear a regional war that would hasten its demise. As a result, it may decide to stop supporting Hamas in Gaza.

At a pro-Palestinian rally in Tehran on Nov. 4.

Rouzbeh Fouladi/ ZUMA
Hamed Mohammadi

Updated Nov. 14, 2023 at 11:05 p.m.

-Analysis-

Urban warfare is an ugly mess even for high-tech armies, yet after weeks of bombing Hamas targets, Israel believed it had no choice but to invade Gaza and expose its troops to just this type of fighting. It is the only way of flushing out Hamas, it says, which has decided to fight Israel amid the wreckage of Gazan homes, schools and clinics.

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Meanwhile, attacks on U.S. forces in the Middle East by similar militias working in coordination with the Iranian regime have become a headache for the Biden administration, which is seen by some as taking a soft line with the Tehran. The administration insists there is no hard evidence yet of Iranian involvement in Hamas's attack on Israel on October 7 , though it has hardened its tone, warning Tehran not to pour " fuel on fire ."

As for the European Union , it remains cautious about listing the Iranian Revolutionary Guards as terrorists, even if in September the NATO parliamentary assembly advised members of the alliance to list them as such and aid the democratic aspirations of ordinary Iranians.

Whatever the details, the war in Gaza is intimately connected to the Iranian regime and its modus operandi .

Its officials have warned that the Gaza offensive, if continued, would open new fronts against Israel. The regime's foreign minister, Hussein Amirabdullahian, vowed Gaza would become an Israeli "graveyard" if its troops invaded, while the head of the Revolutionary guards, Hussein Salami, compared the strip to a "dragon" that would "devour" the invaders.

But so far we have seen nothing of Iran's more dramatic threats, made soon after the October attack, including the West Bank joining with Gaza or the Lebanese Hezbollah firing off 150,000 rockets. Iran's Supreme Leader Ali Khamenei, while insisting Iran had nothing to do with the Hamas assault, urged regional states to starve Israel of fuel. That too has yet to happen.

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