Wall Street gets five years to test U.S. stocks on blockchain, with the SEC’s blessing

There are guardrails, however. The software running that market must be public and auditable and deployed on a public, permissionless blockchain. Access to the trading venue itself, however, remains permissioned, according to the SEC. So no, this does not mean Apple or Microsoft stocks suddenly start trading freely on popular…

Lockheed Martin’s Sikorsky wins $234.5M army contract for 16 Black Hawks (NYSE:LMT)

Sikorsky, a Lockheed Martin company (LMT), received a $234.46M U.S. Army contract modification to procure 16 UH-60M Black Hawk helicopters. The modification raises the contract’s cumulative value to $356.25M under contract W58RGZ-26-C-0008. The helicopters will be manufactured in Stratford, Connecticut, with work Source link

The Ondo Finance succession crisis gets messier as Kathleen Allman’s daughter alleges ‘dementia’, alcoholism and reckless spending

In her filing, Dr. Clinton claimed to have been estranged from her mother since 2022 after an incident during a family vacation when Kathleen Allman allegedly told Dr. Clinton’s young children, aged 10, six and two, that “they were worthless, that she should have aborted all of them, and that…

After making a fortune on SpaceX, Scottish Mortgage manager Baillie Gifford is now piling into this S&P 500 stock

Image source: Getty Images Baillie Gifford is well-known for making outsized returns on S&P 500 stocks such as Amazon, Tesla and Nvidia. More recently, it’s made an absolute fortune from SpaceX‘s record-breaking IPO. Lat week, I noticed that the asset manager — which oversees FTSE 100 investment trust Scottish Mortgage…

Kevin O’Leary says Congress will revisit CLARITY next year as crypto tax bill advances

Shark Tank host and veteran investor Kevin O’Leary said he’s convinced the Clarity Act will eventually advance in the Senate and could return as soon as the first quarter of next year. Speaking at the Avalanche Summit in New York on Thursday, O’Leary said he didn’t expect the bill to…

FCA steps up crypto enforcement with raids on illegal London P2P trading sites

The U.K.’s Financial Conduct Authority (FCA) said Thursday that it conducted actions to crack down on three illegal peer-to-peer crypto trading locations in London in a sign the regulator is ramping up enforcement activity as the country’s legal framework for crypto comes closer to implementation. The financial watchdog, which said…

7 reasons to buy Rolls-Royce shares at £14.41

Image source: Getty Images After their rapid rise from 69p in 2021, more and more people are saying Rolls-Royce (LSE: RR.) shares can’t keep up the momentum – and are perhaps even overvalued at £14.41 I think the naysayers are wrong, and that the shares could still be ‘cheap’. Here…