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Thomas Farley at the World Economic Forum in Davos. Photo by: David A. Grogan via Getty Images.

Thomas Farley this morning stepped down as president of the New York Stock Exchange after a four-year run.

What's next: Farley will serve as CEO of Far Point Acquisition Corp., a blank check acquisition company that filed to raise $400 million to buy one or more financial technology companies.

Farley, who declined comment due to "quiet period" restrictions, is being joined on Far Point by chief financial officer David Bonanno (an exec with Dan Loeb's hedge fund, Third Point) and directors Gen. Stanley McChrystal, Nicole Seligman (ex-Sony Entertainment president) and Laurence Tosi (ex-CFO of Airbnb and The Blackstone Group).

  • He'll be succeeded at NYSE by Stacey Cunningham, who had been the group's COO and will become its first-ever female leader.

Go deeper

Ina Fried, author of Login
59 mins ago - Technology

Microsoft to buy Activision Blizzard

Photo: Jakub Porzycki/NurPhoto via Getty Images

Microsoft announced Tuesday it plans to acquire video game giant Activision Blizzard for $68.7 billion in cash.

Why it matters: The move comes as Activision Blizzard has faced a wave of accusations of workplace harassment.

2 hours ago - World

Blinken to visit Ukraine as Russia invasion threat looms

Blinken (R) with President Zelensky. Photo: Efrem Lukatsky/Pool via Getty

Secretary of State Antony Tony Blinken will travel to Ukraine on Tuesday as the country faces an ongoing threat of Russian invasion.

Driving the news: Blinken will meet with Ukrainian President Volodymyr Zelensky and Foreign Minister Dmytro Kuleba, as well as officials at the U.S. embassy in Kyiv to discuss contingency planning. He'll then travel to Berlin to meet German Foreign Minister Annalena Baerbock and attend a meeting of the "Transatlantic Quad" — France, Germany, the U.K. and U.S.

Updated 2 hours ago - World

At least 3 dead after Tonga volcano eruption and tsunami

A satellite image of the explosive eruption of the Hunga Tonga-Hunga Ha'apai volcano on Saturday. Photo: UNICEF/NOAA

At least three people are confirmed to have died in Tonga following the undersea volcanic eruption that sent tsunami waves toward the island nation and across the Pacific over the weekend, officials said Tuesday.

The big picture: Officials reported major damage along the western coast of the main island of Tongatapu, where the capital, Nuku'alofa, was covered in ash and dust, including on the runway of the airport. Officials in Tonga confirmed three deaths in the country's first official statement since the crisis began.