BNY, which has more than $59tn in assets under custody and administration, is moving one of its core record-keeping businesses onto blockchain as Wall Street builds the infrastructure for tokenized funds, the Financial Times reported Thursday. “We think of BNY as modernizing a function that sits behind every single fund…

Image source: Getty Images After a long time in the doldrums, Greggs (LSE: GRG) shares are seemingly back in demand. As I type this, the FTSE 250 business’s value is up by 14% on the day (29 July)! This follows the release of its latest set of interim numbers. What’s…

By Jeff Altman, The Big Game Hunter Whether you are an executive or a member of staff, too many of you make these mistakes. My guest, Carol Kaemmerer, is the author of LinkedIn for the Savvy Executive https://amzn.to/38JgFFu. She and I share our experiences of mistakes people make too often.…

The Federal Reserve (Fed) will announce its rate decision at 2 p.m. ET today, followed by Chair Kevin Warsh’s press conference at 2:30 p.m. ET. Traders typically assign greater weight to FOMC meetings that come with updated economic projections and a “dot plot” of interest-rate forecasts. Today’s gathering lacks both.…

Fortrea Holdings press release (FTRE): Q2 Non-GAAP EPS of $0.23 beats by $0.05. Revenue of $678.2M (-4.5% Y/Y) beats by $30.61M. Book-to-bill ratio of 1.06x, resulting in 1.12x book-to-bill for the trailing 12 months. Adjusted EBITDA of $58.7 million. Cash Source link

Options are derivative contracts used by traders to hedge price volatility risks. A call option offers asymmetric upside exposure in the underlying asset for a small upfront payment, much like a lottery ticket. A put option represents an insurance against price drops. Exchanges typically follow a playbook when offering derivatives…

It raised $400 million in June through a private placement of convertible preferred shares and warrants. The preferred shares, priced at $53 each, converted into common stock upon completion of the listing. Investors agreed not to transfer the securities below $70 until six months after the listing, according to the…

Rolls-Royce has been the FTSE 100‘s biggest success story in recent years. No stock comes remotely close to matching its 1,338% return since mid-2021. Understandably, investors who haven’t held Rolls-Royce will think they’ve missed the boat. Others who own the stock might be looking for opportunities elsewhere. Should you buy…

The Cerebras Systems and SpaceX listings follow a period of months where the volume of RWAs onchain has been steadily multiplying, and traditional financial press has been covering how crypto derivatives platforms now allow traders to price commodities outside of market hours — weekends, holidays, and the 4PM-to-9:30AM dead zone.…

Justin Sullivan/Getty Images News Meta Platforms (META) reports second-quarter earnings after the closing bell today, following its longest losing streak on record. The stock has fallen for nine consecutive trading sessions, sliding nearly 12% from its July intraday high of $681.90 to $593.41 ahead of the earnings release. Source link