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Nasdaq confirms 23-hour trading from December with new overnight session

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The Nasdaq announced it will begin trading US stocks for nearly 23 hours a day from Sunday 6 December onwards.


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The move, still subject to SEC approval, means Nasdaq’s trading day will stretch from Sunday evening to Friday evening with barely a pause.

For European investors, the new window of 9pm to 4am ET will be 3am to 10am CET, meaning Europeans could be trading Nasdaq-listed stocks for almost an entire session before London opens.

Nasdaq already runs extended sessions from 4am to 9:30am, called pre-market session, and 4pm to 8pm ET, named after-hours session, around its core 9:30am to 4pm hours, but access to that early and late trading has largely been exclusive to institutional investors with direct market connections.

Nasdaq president Tal Cohen has framed the expansion as a way to “broaden investor access and expand wealth-building opportunities” for everyone else.

The pitch is also backed by numbers as foreign holdings of US equities reached $17 trillion (€14.6tn) by mid-2024, up 97% since 2019, a surge Nasdaq wants to capture directly rather than cede to platforms already open around the clock.

A market that increasingly never sleeps

Traditional exchanges have been under mounting pressure to broaden access and increase available hours.

Geopolitical shocks under the Trump administration have repeatedly landed when Wall Street was shut, most notably when US and Israeli strikes on Iranian nuclear sites were announced on a Saturday morning in February, forcing traders onto crypto exchanges and decentralised platforms to price oil, gold and silver in real time.

Those venues, along with newer tools such as tokenised real-world assets, which are digital tokens representing ownership of stocks, bonds or commodities, and perpetual futures contracts that let investors bet on an asset’s price with no expiry date, have shown that demand for round-the-clock trading does not wait for exchanges to open.

Nasdaq is also not moving alone.

Rival NYSE has already won SEC approval for a 22-hour day running from 1:30am to 11:30pm ET, while Cboe, the largest exchange for options contracts in the US, has outlined similar ambitions.

Nasdaq first signalled its own intent to go nearly continuous back in March with this week’s announcement filling in the details.

The new evening session serves as the first concrete building block, opening the market for nearly 23 hours in a five-day trading week, as the exchange ultimately wants to offer 24/7 trading.

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Sen. Darline Graham tests value of famous name in South Carolina primary

Few people have anything bad to say about Darline Graham, who was catapulted from obscurity last month when she was appointed to replace her late brother Lindsey Graham in the U.S. Senate.

“I think Darline’s wonderful,” said Kathy Bustos of Mount Pleasant after attending a Republican forum recently.

But that doesn’t mean Bustos wants to vote for her in the state’s special primary Tuesday.

“I think it’s a very nice gesture for her to have the rest of his term to complete, but I’m not sure that she’s really qualified or ready to be elected to the Senate,” she said.

It’s a common sentiment among Republican voters pondering an unexpected decision about replacing Lindsey Graham, who was nominated for a fifth term before he died last month from a tear in his aorta. Darline Graham was often by his side throughout his career, but she remains largely unknown in South Carolina’s clubby political circles.

President Trump has endorsed her, and she’s backed by the National Republican Senatorial Committee, which is running television advertising to support her candidacy.

However, Graham has been largely absent from the campaign trail, spending most of her time in Washington as an interim senator. Her appointment to the role, instead of giving her a leg up over the competition, may ultimately hold her back by preventing her from getting to know voters during a weeks-long sprint to Tuesday.

A crowded field

She is up against several well-known Republicans, including Reps. Russell Fry and Ralph Norman, as well as former Gov. Mark Sanford. The crowded field makes a runoff more likely, and it would be held Aug. 25.

All of them spoke at a Friday meeting of the Fourth District Republican Club in Greenville, but Graham sent a video message, saying she was “in Washington working hard for you.” She promised to be “a great friend and ally” to Trump and that she wanted to “earn your vote.”

And at a candidates event in Florence on Saturday, where Graham spoke, some of her supporters said they backed the interim senator’s decision to stay in Washington, even if it meant not campaigning.

“She committed to not missing votes or not being there to push forward with those bills,” said Teresa Castrinos, who made the hours-long drive from Bluffton to see Graham. “I feel like she’s putting South Carolina first. She’s wanting to fulfill her time as a senator right now, so I really admire her for that.”

A low profile

While Lindsey Graham was single and well-known around the world, his sister lived a relatively quiet life with her husband and daughters in Lexington, S.C. She spent years in state government, working with people with disabilities and as an agency head of the South Carolina Commission for the Blind.

Before participating in Saturday’s event in Florence, her only public campaign event had been a candidates forum in Lexington. Charles Brentnell of Greenville County, who said he was still considering whom to vote for, liked her decision to stay in Washington when the Senate was in session.

“Let’s keep the Senate at the Senate instead of taking a month off for no good reason,” he said.

Appearing alongside other contenders Saturday, Graham apologized for reading from notes from a lectern, pointing to the Senate votes that kept her in Washington until just hours before she headed to meet voters in South Carolina.

“Yes, I have some notes. You know why? Because I haven’t slept in two days, so I’m going to keep my thoughts straight,” Graham said, adding that she opposed Senate recess but lost out to others who wanted to end votes and go home. “I wanted to stay there, and I wanted to get things done.”

Graham also participated in one of two televised debates, where she backed Trump’s plan to change filibuster rules to make it easier to pass the president’s bill for strict voter ID requirements.

While other candidates came to speak to the media gathered afterward, Graham skipped the session and merely gave a thumbs-up outside when asked how she felt the debate had gone.

In contrast to her loquacious late brother, Graham has not spoken with reporters in Capitol Hill hallways or fielded questions on the stump.

She’s spoken at length to Fox News personalities Sean Hannity and Trey Gowdy, both of whom eulogized Lindsey Graham at memorial services last month, and granted two interviews to local news outlets.

On Saturday, in her first gaggle with reporters, Graham addressed some of voters’ concerns, reiterating her commitment to do Senate work when the chamber is in session.

“I feel like my job is to be in D.C. working for everyone right now. I hate that I can’t be here. I want to be here,” she said. “That’s why I left and didn’t sleep at all last night, so I could attend today’s event.”

As to the skepticism in sending her to Washington for six years, Graham cited her state government experience, plus the last several weeks she’s had serving as interim senator.

“Trust me, I have learned a lot already, so I think I have experience,” she said.

A second debate took place while Graham was in Washington on Tuesday, a date her campaign pointed out had been scheduled despite the senator’s conflict.

Gigi Bray of Charleston said the idea of Darline Graham serving in the interim makes sense, but electing her to a full term does not.

“I think it’s a great honor for her to hold her brother’s spot till November, but it’s time for a change,” said Bray, who backs Sanford. “I don’t think she has a lot of government experience, and I think right now, with the state of our country, I think it’s very important that somebody has experience.”

Kinnard writes for the Associated Press.

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Utilities threaten action if lawmakers fail to cut their wildfire liability risk

Top executives of California’s two biggest utilities warned they would take action to protect their shareholders if Sacramento lawmakers fail to pass legislation limiting their companies’ liabilities for wildfires sparked by their equipment.

“If the legislature does not act, or if they act and don’t actually solve the problem, then we’re going to have to take action,” said Patti Poppe, chief executive of Pacific Gas & Electric, on a July 23 call with Wall Street analysts.

Poppe did not specify what her company would do, but made it clear any action would protect shareholders’ money. Previously, she told Wall Street analysts that if lawmakers failed to pass legislation to protect the utilities, PG&E would use its cash to buy back the company’s shares, according to a report by the bank Jeffries.

That could raise the company’s stock price and benefit shareholders, while reducing money available for the utility’s California programs.

The comments from Poppe and Pedro Pizarro, chief executive of Edison International, came just before the state Legislature returned from summer break Monday to begin the last four weeks of its session.

Gov. Gavin Newsom and legislators have been working behind closed doors to address the state’s escalating cost of wildfires, including those caused by the utilities, The Times reported last month. The big electric companies have told their investors they are talking to Newsom and lawmakers about a bill package that would protect shareholders from paying for utility-sparked fires.

On Tuesday, government fire officials released their investigation into last year’s devastating Eaton fire, blaming Edison’s century-old transmission line, which the utility kept in place even though it had not carried power since 1971.

Last week, Edison’s Pizarro echoed some of Poppe’s statements. He told Wall Street analysts on a conference call that he too was prepared to make financial changes if the legislature does not pass a comprehensive bill that cuts the utilities’ financial wildfire risk before the legislative session ends Aug. 31.

Any legislation that passes without a protective framework for utilities, Pizarro said, would “influence how we prioritize and deploy future capital.”

Pizarro declined analysts’ requests to say where the company would cut back, other than saying it would continue spending aimed at keeping its grid safe and reliable.

“We’re going to evaluate the totality of the package that comes to us and figure out our response that goes along with it,” Pizarro said.

Pizarro also told analysts that without legislation supporting the utilities, Edison’s credit rating could be downgraded. If that happens, he said, it could raise bills for electric customers since the utility may have to pay a higher interest rate for new borrowings.

“That could be a significant cost impact through the cost of debt that gets passed through to SCE customers if we don’t have a framework in the next four weeks that is credit supportive for our utility,” Pizarro told the analysts.

Newsom and lawmakers are drawing up legislation based on recommendations in an April study that the governor ordered last year.

The final report didn’t focus on utilities’ responsibility for sparking at least seven of the 20 most destructive wildfires in state history. It suggested ways to reduce the cost of wildfire liabilities, including by capping fees of attorneys representing victims and reducing payments to survivors for non-economic damages like pain and suffering.

The report also suggested that utilities should no longer reimburse property insurers for damages of fires sparked by electrical equipment. Insurers say this would increase premiums for homeowners.

Edison is now facing thousands of lawsuits from the victims of the Eaton fire, which roared through Altadena, destroying more than 9,000 homes and other structures and killing 19 people. The lawsuits claim it was negligent for the fire, which Edison denies.

The utility created a program to pay for victims’ damages if they agree to give up their right to sue.

Edison has so far paid more than $1 billion to victims. Experts say the fire’s costs could exceed the $21-billion state wildfire fund that Newsom and lawmakers created in 2019 to protect Edison, PG&E and San Diego Gas & Electric.

If that happens, Edison customers must pay for the rest under legislation that Newsom and lawmakers introduced in the final days of last year’s legislative session.

Because of utility protections in legislation that Newsom and lawmakers passed in 2019 and last year, Edison has said it expects its shareholders to pay little for the Eaton fire. The utility says it believes it will be reimbursed for its damage payments to victims by the state wildfire fund and through customer bills, according to the company’s financial disclosures.

A coalition of wildfire survivors, consumer advocates and other groups wrote a letter to Newsom last month, asking him for legislation that keeps utilities accountable for the fires they cause.

The coalition pointed out that despite billions of dollars in damages from the Eaton fire, Edison’s profits soared last year by more than 200% — from $1.3 billion in 2024 to $4.5 billion.

The company’s board also rewarded Edison executives with higher salaries and bonuses. Pizarro received $16.6 million in cash, stock and other compensation, up 20% from 2024.

“For-profit companies that repeatedly cause catastrophic harm must be held accountable, not protected and enriched,” wrote Joy Chen, executive director of Every Fire Survivors Network, who is leading the coalition, in the letter to Newsom.

The letter warned that without reform of current state laws protecting utilities, disasters like the Eaton fire could happen again.

“Altadena is not the first community to endure this cycle, and it will not be the last,” the letter said.

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Q&A: Everything you need to know about the second LA28 Olympics ticket drop

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After 4 million tickets sold and maybe a million more headaches, the Olympic ticket booth opens again this week.

LA28 sold a record number of tickets during its first drop in April, signaling unprecedented interest in the Olympics as they return to Southern California for the first time since 1984. High prices, service fees and unavailable seats frustrated fans but did not deter them. In fact, interest in the Games has only grown since April’s first drop.

LA28 announced Wednesday that more than 12 million people from more than 200 countries have registered for tickets, a dramatic increase from the 5 million registrants the organizing committee boasted in late February before the first ticket drop.

Sports from the traditional standbys (artistic gymnastics) to the newest additions (flag football, lacrosse and squash) all sold through their first-drop availability. The second drop that begins Wednesday offers “refreshed inventory across all Olympic sports,” LA28 said.

Here’s what to know about the next ticketing phase:

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Dodgers encouraged by Shohei Ohtani bullpen session

Shohei Ohtani wrapped up long toss in the Citizens Bank Park outfield Wednesday afternoon, turned and headed for the two-story bullpen stairs.

Ohtani had initially been scheduled to take the mound for the Dodgers Wednesday against the Phillies. But, with the date of his next pitching start up in the air, his bullpen session still drew a lot of eyes.

Ohtani threw off a mound Wednesday for the first time since receiving an Orthovisc injection in his left knee to lubricate the joint. The side session of about 30 pitches, running through multiple pitch types, was similar to a normal between-starts bullpen, pitching coach Mark Prior said.

“It looked good,” Prior said. “Feels good. We’ll see where he’s at tomorrow.”

Asked if Ohtani said his knee was feeling 100%, Prior said they didn’t get into specifics.

“Just said, ‘How did you feel throwing?’ He said it felt great,” Prior said.

Ohtani, who was in the lineup Wednesday as the designated hitter, was not made available to comment before the game.

It’s still unclear when Ohtani will pick up pitching duties again. But manager Dave Roberts ruled out Ohtani starting on the mound this weekend against the Mets.

“It’s day by day with him,” Prior said. “We’re present today. He threw a bullpen, see where he comes in … Friday, since we’re off [Thursday]. We’ll make determinations after that.”

This bullpen session was a chance for Ohtani to test his knee, which before the injection seemed to be aggravated by pitching.

“It’s a big sign,” Roberts said. “Because the grass, the flat ground, all of that stuff is well and good, the arm is fine. So it’s more of getting down the slope, throwing over your front side. That’s kind of the big test. Usually the bullpens are right around 88 (mph), so we’ll see where he’s at.”

Ohtani has already been out long enough that the Dodgers will have to be mindful of his workload whenever he rejoins the rotation. His last start on the mound was July 3 against the Padres.

“I still think it hasn’t been so long that the equity that he’s built up with the pitch count is that much compromised,” Roberts said. “But with that, I can’t foresee him running out there and throwing 100 pitches his first outing.”

If he’s sidelined for too long, he could have to gradually build up with each start. But it’s hard to pinpoint where that delineation lies.

“I think the easy answer is to say every pitcher is different,” Roberts said.

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Moment sozzled Jim Davidson, 72, is helped up by drinking buddies after collapsing outside pub following all day session

COMEDIAN Jim Davidson admitted “I found out what legless means” after collapsing outside a pub and being helped up by drinking buddies.

The star downed two ­bottles of wine, tequila, vodka, six pints of ­Guinness and two whiskies on an all-day session, saying: “I think it must have been that last scotch that did it.”

Jim Davidson admitted ‘I found out what legless means’ after collapsing outside a pub and being helped up by drinking buddies
Jim downed two ­bottles of wine, tequila, vodka, six pints of ­Guinness and two whiskies on an all-day session, saying: ‘I think it must have been that last scotch that did it’ Credit: News Group Newspapers Ltd

Ex-Big Break and Generation Game host Jim, 72, had sailed to the Isle of Wight on his £350,000 yacht Lady Natasha — named after his fiancée.

The pair dined at The Hut in Colwell Bay before Natasha, 49, called it a night and Jim ­carried on drinking with some yachtsmen.

He said: “It was boys stuff. I found out what the term legless means.

“My quote is ‘must take more water with it’.

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“We had a smashing meal at The Hut, which is the best ­restaurant in the country, then I decided to go on the p***.

“It was a bit of a harmless fun, no one died.”

Jim, who has five ex-wives, detailed his mammoth booze-up, which ended with him collapsing outside Salty’s pub in Yarmouth.

He said: “Most people leave Salty’s like that. First I had a couple of bottles of wine that made me a bit dizzy.

Jim, who has five ex-wives, detailed his mammoth booze-up, which ended with him collapsing outside Salty’s pub in Yarmouth Credit: Alamy
Jim admitted being a binge drinker and said: ‘I can do that when I’m not working. I can’t when I’m working’ Credit: AFP

“I thought I better have some tequila to sober me up. After the tequilas made me feel worse, I thought vodka will kill the tequila.

“And after that six pints of Guinness. I thought well I need a wee, I’ll go into this pub and use their toilet and while I’m here I’ll have a couple of scotches.

“I think it must have been that last scotch that did it.”

Jim admitted being a binge drinker and said: “I can do that when I’m not working. I can’t when I’m working.

“Today I’ve got to drive five hours to Blackpool, do a show in the club and then five hours back tomorrow. This is the reality of showbiz. Then back to the studio to film my weekly satire show.

“When you’ve got a picture of me coming off stage in a theatre like that, then I’m in trouble.”

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McConnell speaks to Republican leaders as speculation swirls about his health

The Senate’s top two Republicans have spoken individually to Kentucky Sen. Mitch McConnell, according to aides, as the former GOP leader remains in the hospital more than three weeks after being admitted for undisclosed health issues.

Aides to McConnell have declined to release any information about his condition, fueling speculation about his prognosis and whether he will be healthy enough to be at the Capitol when the Senate returns to Washington next week after a two-week recess. McConnell, 84, is retiring at the end of his term next January.

A spokesperson for Senate Majority Leader John Thune (R-S.D.) said he had spoken with McConnell by phone on Monday and that the two had a “lengthy and substantive conversation that covered a variety of topics, including national security.” As leader, Thune is generally kept up to date on illnesses and absences in his conference as he has to navigate vote counts and his narrow 53-47 majority.

Wyoming Sen. John Barrasso, the No. 2 Senate Republican, had a 20-minute conversation with McConnell on Tuesday, according to a spokeswoman. The two discussed Senate races ahead of the midterm elections, the Supreme Court and other topics, the statement said.

“Senator McConnell was fully engaged and is eager to get back to the Senate,” said Barrasso spokeswoman Kate Noyes.

Another McConnell ally, Republican strategist Scott Jennings, posted on X that he had also talked to McConnell for 20 minutes on Tuesday, and that “he’s still recovering in the hospital.” Jennings said they spoke about politics, foreign policy “and even a little bit of Senate history.”

Few details released as McConnell remains in the hospital

McConnell was admitted to the hospital June 14, according to a statement from his office that only said he was “receiving excellent care.”

A statement a week later said he would not be voting that week. And a new statement Thursday said he ”appreciates the outpouring of support he’s receiving while he continues his recovery in the hospital.”

“The Senator continues to improve, and is working closely with his staff on Kentucky and Senate matters while the Senate is out of session,” the statement said.

A spokesman for McConnell released the same statement again Tuesday with no new updates.

McConnell has a history of health troubles

The senator’s unspecified health issues come after several hospitalizations in recent years.

While he was still Republican leader, McConnell was hospitalized with a concussion in March 2023 and missed several weeks of work after falling in a Washington hotel. He froze up twice during news conferences after he returned, staring vacantly ahead before colleagues and staff — including Barrasso, who is a doctor — came to his assistance.

A year later, he fell and sprained his wrist while walking out of a GOP luncheon.

McConnell had polio in his early childhood and he has long acknowledged some difficulty as an adult in walking and climbing stairs. He also tripped and fell in 2019 at his home in Kentucky and underwent surgery for a fractured shoulder.

The Kentucky senator was first elected to the Senate in 1984 and was the Republican leader from 2007 until last year, serving as both majority and minority leader during that period. He has remained active as a rank-and-file senator, showing up for work when the chamber is in session, often using a wheelchair to get around.

Jalonick writes for the Associated Press.

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Syria delays first session of transitional parliament without explanation | News

The transitional parliament aims to draft a new elections law during its 30-month term.

Syrian authorities have postponed the first meeting of the new transitional parliament, days after announcing the inaugural session had been scheduled for Monday.

“The convening of the first session of the people’s assembly has been postponed to a date to be determined later,” state television reported on Sunday, citing an electoral official and without specifying a reason.

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Syria’s new authorities dissolved the country’s rubber-stamp legislature after toppling longtime ruler Bashar al-Assad in December 2024, following almost 14 years of civil war which killed about half a million people.

In March 2025, new President Ahmed al-Sharaa signed a temporary constitution that will be in force for a five-year transitional period.

In October, local committees appointed by the electoral commission, which was in turn appointed by al-Sharaa, began selecting two-thirds of the 210 members of the new parliament, with Sharaa to appoint the remaining third.

He appointed 70 members this week.

Druze-majority Suwayda province in the south has still not designated its members, after sectarian bloodshed there last year.

Electoral authorities have said the selection process would be held there when conditions are “appropriate”.

The selection process was held in formerly Kurdish-run areas of the north and northeast earlier this year after authorities in the capital Damascus assumed control there and signed a deal on integrating Kurdish institutions into the state.

The new parliament will have a 30-month term and work on a new elections law while preparing the ground for a popular vote, according to the head of the electoral committee, Mohammed Taha al-Ahmad.

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Coronation Street star Tracy Shaw shares health update after first chemotherapy session

Coronation Street actress Tracy Shaw, who played Maxine Peacock in the ITV soap, has been battling breast cancer and has now shared an update after completing her first day of chemotherapy

Coronation Street star Tracy Shaw, who portrayed Maxine Peacock in the ITV soap opera, has shared a health update after she revealed she has been fighting breast cancer.

Following the completion of her first chemotherapy session she explained to fans that she would be shaving her head and donating her hair to charity. Posting a video on Instagram, she disclosed to her followers that she had spent more than eight hours at her initial appointment.

The actress said: “First day of chemo done. I’m feeling alright but that has a great amount to do with the steroids which are helping my body fight the chemo that has gone in. So I went in today to start at 9am and I left at 5:30pm, very hot day and there was a bit of delay.”

She continued: “Basically with my chemo injection, one of which hadn’t arrived, it’s got nothing to do with robots or anything to do with the hospital team, it was the medics delivery, so yeah that was the delay. But I’m feeling really positive but everything I keep eating tastes horrible.

“Everything tastes of metal, just like you told me, and every now and again I feel like the Incredible Hulk, I want to start moving furniture around, the dogs keeping away from me because they sense that.”

This follows her recent decision to cut her hair to donate to The Little Princess Trust, and she has since ventured out to shop for a replacement wig. She posted footage online of herself modelling the various wigs and displaying them while being assisted by a Macmillan nurse who also offered guidance to individuals experiencing a similar situation, reports the Express.

Earlier this month Tracy revealed the emotional difficulties she’s been encountering, informing her followers: “Each morning I wake up and know that I have to go into hospital and receive more news, which has been going on for a long time, that unknown… I just think, ‘I can’t go through with this anymore,’ but I’ve not even started my journey.”

She’s received an outpouring of support online from her followers as she’s posted updates on every stage of her journey, with many of Tracy’s recent posts emphasising how waking up is a “gift” each day.

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