In a landmark move that reflects its ambition to diversify beyond its traditional financial services, the San Francisco-based blockchain startup Ripple has unveiled a new suite of custody services aimed at banks and fintech firms. This initiative, launched on Thursday, marks the establishment of Ripple Custody, a division dedicated to the secure storage and management
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In a notable strategic maneuver, Warren Buffett’s Berkshire Hathaway has reduced its stake in Bank of America (BofA) to below the significant 10% threshold. This action follows a broader trend observed since mid-July, where a series of stock sales has occurred, culminating in the recent divestiture of over 9.5 million shares. Such a decision raises
Samsung Electronics, renowned as a powerhouse in the technology sector, has recently announced a concerning outlook for its financial performance in the third quarter of 2023. The South Korean company’s operating profit is anticipated to be around 9.10 trillion won (approximately $6.5 billion), a staggering 274% increase from the previous year’s figure of 2.43 trillion
In the burgeoning field of space technology, a new player has emerged, promising to redefine ground infrastructure: Northwood Space. This startup, spearheaded by the former Disney star and singer Bridgit Mendler, is making waves following a critical achievement in satellite connectivity. Just last week, Northwood successfully executed its first major development test by establishing a
Social Security beneficiaries rely heavily on the annual cost-of-living adjustment (COLA) to keep pace with inflation and maintain their purchasing power. Every year, this adjustment is carefully calculated based on changes in consumer prices, allowing recipients’ benefits to reflect the economic environment. As inflation rates rise, the COLA increases, theoretically providing seniors and disabled individuals
When it comes to maintaining and improving our homes, the costs associated with repairs and renovations can soar. In an effort to manage these expenses, many homeowners are increasingly willing to compromise on the quality of contractors by overlooking their checkered pasts. A recent report from Clever Real Estate reveals that around one-third of homeowners
In the sphere of monetary policy, few moves are as scrutinized as the Federal Reserve’s decisions regarding interest rates. In September, the Federal Open Market Committee (FOMC) made the consequential choice to cut rates by half a percentage point. This bold move marked a departure from years of steadiness and opened discussions about the delicate
In recent months, Peru has experienced a notable turnaround in its investment landscape despite a backdrop of political volatility. The turbulence that characterized the prior years seems to be giving way to a new era of optimism, especially amongst international investors eyeing the country’s sovereign bonds. Currently, foreign investment in Peru’s sovereign bonds has reached
Florida’s sports betting scene is on the cusp of transformation as Hard Rock International appears open to exploring partnerships with established commercial sportsbooks. This signals a noteworthy shift in the dynamics of the state’s gaming environment, which has been predominantly shaped by the Seminole Tribe of Florida’s exclusive control over legal sports betting. In recent
In the fast-paced world of stock trading, investors often look for insights that can dictate their decisions for the next trading day. “Stocks @ Night” encapsulates this need by providing a snapshot of market trends and forecasts that investors can digest after hours. As we dive into recent market movements, we can glean valuable takeaways