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X @The Block
The Block· 2025-11-05 18:47
Mastercard, Ripple and Gemini explore settling card transactions using XRPL https://t.co/OeZ9za8dkU ...
Sampo plc to convert Swedish Depositary Receipts for direct listing of its A Share on Nasdaq Stockholm
Globenewswire· 2025-11-05 09:30
Core Viewpoint - Sampo plc is transitioning from a Swedish Depositary Receipt (SDR) arrangement to a direct listing of its A Shares on Nasdaq Stockholm, aiming to enhance liquidity and streamline shareholder rights [2][4]. Group 1: Listing Transition - Sampo plc will request the termination of its SDR arrangement and apply for direct trading of its A Shares on Nasdaq Stockholm [2]. - The A Share has been listed through SDRs since November 22, 2022, with SEB as the issuer and market maker [3]. - Euroclear Sweden's recent policy change allows Sampo to pursue a direct listing, aligning with its existing listings on Nasdaq Helsinki and Nasdaq Copenhagen [3]. Group 2: Benefits of Direct Listing - The direct listing is expected to increase liquidity in the Swedish market for all issued A Shares and reduce the tick size compared to the SDRs [4]. - Current SDR holders will be able to exercise shareholder rights directly without SEB as an intermediary [4]. Group 3: Timeline and Important Dates - A formal termination notice for the SDR arrangement will be published around November 6, 2025 [5]. - The last trading day for SDRs is expected to be around February 13, 2026, with the first trading day for A Shares on February 16, 2026 [7]. - The record date for SDR conversion is set for February 17, 2026, and delivery of A Shares to SDR holders will occur on February 19, 2026 [7].
Wall Street Couldn't Prevent Mayor Mamdani. Now It Has to Work With Him.
WSJ· 2025-11-05 04:41
Heavyweights of the financial world spent millions to elevate other candidates in the New York City mayoral race. ...
Aspo Plc: Share repurchase 4.11.2025
Globenewswire· 2025-11-04 16:30
Core Points - Aspo Plc executed a share repurchase on November 4, 2025, buying back 2,500 shares at an average price of €6.5120 per share, totaling a cost of €16,280.00 [1] - Following this transaction, Aspo Plc now holds a total of 4,768 shares, including those repurchased on the same date [1] - The share buybacks are conducted in compliance with the European Parliament and Council Regulation No. 596/2014 (MAR) Article 5 and the Commission Delegated Regulation (EU) 2016/1052 [1]
How CEO Kourtney Gibson is redefining retirement for a new generation
CNBC Television· 2025-11-04 11:33
career in finance. She wanted to be a bilingual pediatrician, but life took her in a different direction. She helped build one of the most successful black owned investment firms in America, and now she's CEO of TIAA retirement solutions, leading a century old company that manages nearly a trillion dollars in assets, all with one mission, helping Americans live comfortably in retirement.A 2025, CNBC Changemaker Courtney Gibson is in the changemakers and power players spotlight. Courtney, thank you so much f ...
AI Innovation Asia 2025 to guide executives from insight to impact in the AI economy
The Manila Times· 2025-11-04 05:20
Core Insights - The AI Innovation Asia event will take place on December 2nd at The Four Seasons Singapore, focusing on the challenges businesses face in implementing AI for growth and achieving ROI [1][2] - The event will gather 500 executives to discuss practical applications of AI through case studies and panel discussions, providing actionable strategies for scaling AI in Asia [2][3] Event Details - The opening keynote will feature Janil Puthucheary, senior minister of state for the Ministry of Education and the Ministry of Sustainability and the Environment in Singapore [1][2] - The event is sponsored by notable companies including Boston Consulting Group, TikTok, Silverfort, Boomi, Lenovo, and ViSenze [4] Key Themes - The regulatory outlook for firms in Asia, focusing on compliance challenges in a fragmented regulatory ecosystem [4] - Measuring ROI on AI projects to justify spending and ensure profitability [4] - Understanding agentic AI's impact on customer experience and responsible utilization [4] - Addressing the 'black box' dilemma of explainable AI to maintain visibility in AI systems without compromising effectiveness [4]
Tariffs, TACOs, and dollars: global markets in a year of Trump 2.0
Yahoo Finance· 2025-11-03 09:35
Market Reactions to Trump's Presidency - Global financial markets have experienced significant volatility and uncertainty since Donald Trump's election, with stocks, gold, and cryptocurrencies reaching record highs [1] - The U.S. dollar initially surged post-election due to expectations of increased spending but has since lost 4% in value [4] - Trump's tariffs and geopolitical tensions have led to a rise in alternative investments, with Bitcoin hitting a record high of $125,835.92 and gold reaching $4,381 per ounce [5] Stock Market Performance - Stock markets globally have achieved record highs, driven by enthusiasm for artificial intelligence and expectations of lower global interest rates [7] - The MSCI World Index experienced a 10% drop following Trump's "Liberation Day" tariff announcement but has since rebounded, gaining over 20% since Election Day [7] - The S&P 500 has increased by 17% since last November, influenced by AI trends, while European defense stocks have surged due to increased government spending on security amid ongoing geopolitical conflicts [8]
Markets open flat amid mixed global cues; Shriram Finance leads gainers with 5% rally
BusinessLine· 2025-11-03 04:44
Market Overview - Markets opened cautiously with benchmark indices trading nearly flat as investors assessed mixed global signals and awaited domestic triggers [1][2] - The BSE Sensex opened at ₹83,835.10 and was trading at ₹83,959.99, up 21.28 points or 0.03% [1] - The Nifty 50 opened at ₹25,696.85 and was trading at ₹25,748.80, up 26.70 points or 0.10% [1] Sector Performance - Renewed buying interest in PSU banks and realty stocks provided early support, indicating selective optimism among investors [2] - The PSU Bank index was the top performer last week, rallying 4.66%, while the Capital Market index was the biggest loser, shedding 1.83% [7] Stock Movements - Top gainers on the Nifty 50 included Shriram Finance, which surged 5.19% to ₹787.75, and Mahindra & Mahindra, which gained 1.91% to ₹3,553.70 [3] - On the losing side, Maruti Suzuki led the decliners, falling 2.77% to ₹15,737.00, followed by Titan Company, which dropped 1.17% to ₹3,703.00 [4] Technical Analysis - The Nifty 50 is holding firm above the support level of 25,660, with resistance levels at 25,870–25,960–26,050 [5] - The Bank Nifty faced resistance near ₹58,500, with support at ₹57,500 acting as a solid base [6] Institutional Activity - Foreign Institutional Investors (FIIs) continued their selling streak, offloading equities worth ₹6,769 crore on October 31, while Domestic Institutional Investors (DIIs) purchased equities worth over ₹7,000 crore [8] - The strategy of FIIs selling on rallies and reallocating to better-performing markets is expected to continue [9] Commodity Market - In commodities, gold had support at ₹1,20,870-₹1,20,480 and resistance at ₹1,21,890-₹1,22,300, while silver had support at ₹1,47,450-₹1,46,750 and resistance at ₹1,49,340-₹1,50,280 [10]
New Mountain Finance Q3 2025 Earnings Preview (NASDAQ:NMFC)
Seeking Alpha· 2025-10-31 21:35
Core Points - The article emphasizes the importance of enabling Javascript and cookies in browsers to prevent access issues [1] - It highlights that users with ad-blockers may face restrictions when trying to access content [1] Summary by Categories Technical Requirements - Users are advised to enable Javascript and cookies in their browsers to ensure proper functionality [1] - The presence of ad-blockers can lead to blocked access, necessitating their temporary disablement [1]
Tech Earnings Drive Market Rally as October Closes Strong
Stock Market News· 2025-10-31 20:07
Core Insights - The U.S. stock market ended October 2025 on a high note, driven by strong earnings from major technology companies, reversing earlier selling pressure [1][11] - All three major indexes, S&P 500, Nasdaq Composite, and Dow Jones Industrial Average, posted solid gains, with the S&P 500 achieving its sixth consecutive monthly gain [2][11] Major Market Indexes Performance - S&P 500 rose by 0.6% to 6,872.65, Nasdaq Composite surged by 1.2% to 23,932.36, and Dow Jones gained 99 points (0.2%) to 47,586.98 [2] - S&P 500 recorded a 2% increase in October, while Nasdaq Composite saw a 5% rise, and Dow added 2% for the month [2] Major Stock News and Developments - Amazon's shares increased by approximately 12% after reporting a 40% profit rise to $21.2 billion, driven by a 20% year-over-year revenue increase in its AWS unit [4] - Apple forecasted record holiday-quarter revenue with overall revenue growth expected to accelerate between 10% and 12%, and its services revenue reached a record $28.75 billion [5] - Reddit's shares surged about 18% after reporting earnings per share of $0.80 and a 68% year-over-year revenue increase to $585 million [6] Company Challenges - Newell Brands' stock dropped 30% after lowering its full-year outlook due to tariffs and disappointing third-quarter results [7] - Exxon Mobil reported third-quarter earnings of $7.5 billion, but its stock performance was mixed, with some oil companies like Chevron gaining 3% [7] - Nvidia faced negative territory despite new partnerships, as investors scrutinized returns on AI capital expenditures [7] Upcoming Market Events - Investors will monitor key economic data releases in early November, including Markit PMI Manufacturing, JOLTS Job Openings, and ISM Services Business Activity [8][9] - The Federal Reserve recently cut its benchmark interest rate by 25 basis points to a range of 3.75%-4%, but further easing is uncertain [8] Conclusion - The strong performance in October, fueled by corporate earnings and AI momentum, sets a positive tone for the market as it moves into November [11]