Articles written by Lizzy Balboa - Benzinga

Junk Bond Bank Drexel Burnham Lambert Goes Bankrupt On This Day In Market History

Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened In 1990, the parent company of investment bank and junk bond firm Drexel Burnham Lambert filed for Chapter 11 bankruptcy protection.

The Parker Brothers Sell 'Monopoly' On This Day In Market History

Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? In 1935, the Parker Brothers began sales of “Monopoly,” a now-global pastime. Where Was The Market? The Dow averaged $103.70 throughout February, while the S&P 500 averaged $8.98.

Surgeon General First Warns Of Smoking Hazard On This Day In Market History

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On Jan. 11, 1964, the U.S. government issued its first health warning against cigarettes. Where Was The Market: The S&P 500 traded around 76.45 and the Dow traded near 766.08.

This Day In Market History: Apple Introduces The iPhone

Each day, Benzinga takes a look back at a notable market-related moment that happened on this date.

This Day In Market History: Warren Buffett Buys First Shares Of Berkshire Hathaway

Each day, Benzinga will take a look back at a notable market-related moment that happened on this date.

The NYSE Finds A Permanent Home On This Day In Market History

Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened: On Dec. 9, 1865, the New York Stock Exchange settled on Broad Street — its first permanent location until its 1903 expansion to Wall Street.

Exxon-Mobil Merger Creates Largest Company In The World On This Day In Market History

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On Nov. 30, 1999, a $73.7-billion merger between Exxon and Mobil Oil established the largest company in the world.

First US Auto Race Proves The Worth Of Horseless Buggies On This Day In Market History

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On Nov. 28, 1895, Chicago hosted the nation’s first horseless-carriage race. Where The Market Was The S&P 500 traded near $4.32.

Truman Nearly Doubles The Minimum Wage On This Day In Market History

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On Oct. 26, 1949, President Harry Truman raised the minimum wage from 40 cents to 75 cents.

This Day In Market History: Stocks Begin Crash With Black Thursday

Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened On Oct. 24, 1929, the Dow Jones plunged 11% to kick off the first U.S. stock market crash.

This Day In Market History: Black Monday 1987

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.

This Day In Market History: OPEC Cutbacks Send Oil Prices Skyrocketing

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On Oct. 17, 1973, the Arab-led Organization of Petroleum Exporting Countries announced a cut to oil exports for Israel’s allies in the Yom Kippur War.

This Day In Market History: Fox News Is Born

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Oct. 7, 1996, Rupert Murdoch launched The Fox News Channel. Where Was The Market? The S&P 500 closed around 703.34, and the Dow Jones Industrial Average closed around 5,979.81.

Truman Makes First Televised Presidential Address: This Day In Market History

Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened: On Oct. 5, 1947, President Harry Truman delivered the first televised presidential speech — an appeal for Americans to limit grain, meat and egg intake to redistribute stock to famished Europeans.

This Day In Market History: Congress Creates The FTC

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.

Mikhail Gorbachev Dies At 91: What's The Final Soviet Union Leader's Legacy?

The world leader who closed out the Cold War and brought democracy to the former Soviet Union died Tuesday at the age of 91, according t

Richard Nixon Announces Resignation 48 Years Ago Today: What's Happened Since?

Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened On this evening in 1974, President Richard Nixon announced his intent to resign the following day.

This Day In Market History: Wells Fargo Starts Converting Gold Dust To Bank Notes

Each day, Benzinga takes a look back at a notable market-related moment that happened on this date.

This Day In Market History: Fannie Mae Rolls Out First Stripped Mortgage-Backed Securities

Each day, Benzinga takes a look back at a notable market-related moment that happened on this date.

This Day In Market History: The NYSE Is Born Under A Buttonwood

Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened: On May 17, 1792, the signing of the Buttonwood Agreement laid the groundwork for the New York Stock Exchange.