HSBC on Wednesday announced it will offer custody services for tokenized securities, making the British bank the latest major institution to embrace digital assets.HSBC is using technology from Swiss crypto custody firm Metaco, which was recently acquired by blockchain startup Ripple, to store bonds and other securities.In a press release,…

Why Labor Department wants to raise protectionsIn 2020, about 5.7 million Americans rolled a total $618 billion into IRAs, according to most recent IRS data. That’s more than double the $300 billion rolled over a decade earlier.IRAs held about $11.5 trillion in 2022, almost double the $6.6 trillion in 401(k)…

Lyft, Inc. (NASDAQ:LYFT) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants Sonya Banerjee – Head, Investor Relations David Risher – Chief Executive Officer Erin Brewer – Chief Financial Officer Kristin Sverchek – President Conference Call Participants Mark Mahaney – Evercore Doug Anmuth – JPMorgan Brian…

Ramaswamy draws fire on Ukraine: ‘Putin and President Xi are salivating’Ramaswamy drew a stinging rebuke from Haley after he repeated his opposition to the U.S. assisting Ukraine as it fends off invading Russian forces.The entrepreneur decried the “Ukraine hawks” on stage, calling out Haley, before stating that Ukraine is “not…

Hollywood’s actors and studios have a preliminary labor agreement.Talks between Screen Actors Guild-American Federation of Television and Radio Artists and the Alliance of Motion Picture and Television Producers resumed in recent days after abruptly ending last month, ultimately leading to a tentative deal that would end the actors’ strike.The actors…

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For decades, drinking a Diet Coke every day gave me a burst of caffeine and satisfaction.I started popping cans of the stuff in the late 1990s, when I was a teenager. It made me feel like an adult. Once I was a proper adult, refusing to quit — no matter…

LOS ANGELES — Disney earnings topped expectations thanks in part to profit at ESPN+ and continued growth at theme parks, but a decline in ad revenue weighed on the top line.Disney also said it plans to continue to “aggressively manage” its cost base, increasing its cost-cutting measures by an additional…

Quality and Defensive Stocks Held Up Relatively Well Past performance does not guarantee future results. Return on assets (ROA): last 12 months’ earnings divided by average total assets; low beta: exponentially weighted beta with a one-year half-life over the last five years; return on equity (ROE): net income divided by…

Check out the companies making headlines in midday trading. Upstart Holdings — Stock in the artificial intelligence lending platform tumbled more than 27% after missing third-quarter sales and earnings estimates. The company reported an adjusted loss of 5 cents per share on $134.5 million in revenue, against estimates from analysts…