Wall Street in the context of "Financial centre"

The economy of New York City encompasses the largest municipal and regional economy in the United States. In 2023, the New York City Metropolitan Area generated a GMP of US$2.299 trillion. Anchored by Wall Street in Lower Manhattan, New York City has been characterized as the world's premier fintech and financial center. The city is home to the New York Stock Exchange (NYSE, on Wall Street) and Nasdaq (headquartered in Times Square), the world's two largest stock exchanges by both market capitalization and trading activity.

New York City, with its center in Manhattan, is the world's leading center of banking, finance, and communication. Many of the world's largest corporations are headquartered in Manhattan. The borough contained over 500 million square feet (46.5 million m) of office space in 2015, making it the largest office market in the United States. Midtown Manhattan, with nearly 400 million square feet (37.2 million m) that same year, is the largest central business district in the world. New York City is distinctive for its high concentrations of advanced service sector firms in the law, accountancy, banking, and management consultancy fields. It is the top global center for the advertising industry, which is metonymously called "Madison Avenue". Silicon Alley, metonymous for New York's broad-spectrum high technology sphere, continues to expand.

Downstate New York is a region that is generally described as consisting of the southeastern and more densely populated portion of the U.S. state of New York, in contrast to upstate New York, which comprises a larger geographic area with much sparser population distribution. While there is no widely agreed upon definition, the Downstate region is considered to consist of several subregions including New York City, Long Island, the Lower Hudson Valley and may also be considered by residents to include the Mid-Hudson Valley and Catskill Mountains areas. The New York State Department of Transportation (NYSDOT) defines its "Downstate Region" as including Dutchess and Orange counties, and the counties east and south of them in regions 8, 9 and 10 of the inset map. Both agencies and the general public use varying definitions of the boundary between Upstate and Downstate.

Despite being a small portion of the state's total land area, the Downstate region contains approximately two-thirds of New York's entire population. Its layout is largely urban and suburban, and constitutes New York State's portion of the New York metropolitan area, the world's largest urban landmass. New York City, the most populous city in the United States, is home to the United Nations headquarters, and has been described as the cultural, financial, and media capital of the world, as well as the world's most economically powerful city. The Upstate New York region, conversely, which forms the vast majority of the state's land area, contains more undeveloped land, including forests and farmland.

Lower Manhattan, also known as Downtown Manhattan, is the southernmost part of the New York City borough of Manhattan. The area is the historical birthplace of New York City and in the 17th and 18th centuries composed the entirety of the city. Lower Manhattan serves as the seat of government of both Manhattan and the entire City of New York because there are no municipally defined boundaries for the area. A precise population cannot be quoted, but several sources have suggested that it was one of the fastest-growing locations in New York City between 2010 and 2020, related to the influx of young adults and significant development of new housing units.

Despite various definitions of Lower Manhattan, they generally include all of Manhattan Island south of 14th Street, with the Bowling Green and the Battery near the southern end. Anchored by Wall Street and the Financial District in Lower Manhattan, New York City is the leading global center for finance and fintech. The Financial District houses the New York Stock Exchange, the Federal Reserve Bank of New York, and other major financial institutions. A center of culture and tourism, Lower Manhattan is home to many of New York City's most iconic structures, including New York City Hall, the Woolworth Building, the Stonewall Inn, the Bull of Wall Street, and One World Trade Center, the tallest skyscraper in the Western Hemisphere.

Suburbanization (American English), also spelled suburbanisation (British English), is a population shift from historic core cities or rural areas into suburbs. Most suburbs are built in a formation of (sub)urban sprawl. As a consequence of the movement of households and businesses away from city centers, low-density, peripheral urban areas grow. Proponents of curbing suburbanization argue that sprawl leads to urban decay and a concentration of lower-income residents in the inner city, in addition to environmental harm.

Suburbanization can be a progressive process, as growing population pushes outward the zones of the concentric zone model that move outward to escape the increasing density of inward areas. For example, Kings County, New York served New York City as farmland in the 18th century, with boats carrying produce across the East River. The steam ferry later made Brooklyn Heights a commuter town for Wall Street. Streetcar suburbs spread through the county, and as elevated railways further extended its reach, the City of Brooklyn grew to fill the county. Areas along the river became industrialized and apartment buildings filled the places where factories did not replace the scattered houses. As a result, much of Brooklyn transformed into a suburban economy and later into an urban economy entirely.

Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders.

Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding.

The Financial District of Lower Manhattan, also known as FiDi, is a neighborhood located on the southern tip of Manhattan in New York City. It is bounded by the West Side Highway on the west, Chambers Street and City Hall Park on the north, Brooklyn Bridge on the northeast, the East River to the southeast, and South Ferry and the Battery on the south.

The City of New York was created in the modern-day Financial District in 1624, and the neighborhood roughly overlaps with the boundaries of the New Amsterdam settlement in the late 17th century. The district comprises the offices and headquarters of many of the city's major financial institutions, including the New York Stock Exchange and the Federal Reserve Bank of New York. Anchored on Wall Street in the Financial District, New York City has been called both the leading financial center and the most economically powerful city of the world, and the New York Stock Exchange is the world's largest stock exchange by total market capitalization. Several other major exchanges have or had headquarters in the Financial District, including the New York Mercantile Exchange, NASDAQ, the New York Board of Trade, and the former American Stock Exchange.

The economy of Philadelphia encompasses the city of Philadelphia, the center of economic activity in both Pennsylvania and the four-state Delaware Valley metropolitan region of the United States. Philadelphia's close geographical and transportation connections to other large metropolitan economies along the East Coast of the United States have been cited as offering a significant competitive advantage for business creation and entrepreneurship. Five Fortune 500 companies are headquartered in the city. As of 2021, the Philadelphia metropolitan area was estimated to produce a gross metropolitan product (GMP) of US$479 billion, an increase from the $445 billion calculated by the Bureau of Economic Analysis for 2017, representing the ninth largest U.S. metropolitan economy. Philadelphia was rated by the GaWC as a 'Beta' city in its 2016 ranking of world cities.

Philadelphia has shifted to an information technology and service-based economy. Philadelphia and the Delaware Valley are a biotechnology hub. As of 2023, metropolitan Philadelphia had entered the ranks of the top five U.S. venture capital centers, facilitated by its proximity to New York City and its entrepreneurial and financial ecosystems. Financial activities account for the largest sector of the metro economy, and it is one of the largest health education and research centers in the United States. The city is also home to the Philadelphia Stock Exchange, owned by Nasdaq. Philadelphia's history attracts many tourists, with the Liberty Bell receiving over 2 million visitors in 2010.