Wall Street is racing toward tokenized equities and 24/7 trading, but many institutional investors are wary of the instant settlement model. Tokenization refers to representing traditional assets such as stocks on blockchain networks. In theory, the approach could modernize market infrastructure that dates back decades, allowing securities to move and settle instantly while potentially enabling…
Infosys’ American Depositary Receipts (ADRs) slumped more than 7% on Thursday, touching an intraday low of $14.59 in early trade, while Wipro’s ADRs fell 5.4% to $2.26. The sharp decline follows a steep sell-off in IT stocks on Indian exchanges, with weakness spilling over to Wall Street. The broader US tech rout added to the…
Canary Capital’s CEO, Steven McClurg, has predicted that XRP will be the leading token in real-world assets (RWAs), which is projected to be a trillion-dollar sector. This came as he highlighted recent developments that put the altcoin on course to dominate the industry. Canary Capital CEO Predicts XRP Will Dominate RWAs During an interview, the…
Wall Street‘s tech-heavy Nasdaq slipped to a one-week low on Thursday as fresh worries over Oracle‘s hefty AI spending plans overshadowed optimism over a less hawkish tone from the Federal Reserve. Oracle plunged 14% after its quarterly forecasts fell short of analysts’ estimates and the company raised its annual spending forecasts, reigniting worries that the…
Wall Street‘s main indexes climbed on Friday, while futures trading came back to life following a CME Group outage that had temporarily frozen currencies, commodities and equity contracts around the globe. At 9:41 a.m. ET, the Dow Jones Industrial Average rose 79.63 points, or 0.17%, to 47,506.75, the S&P 500 gained 8.44 points, or 0.12%,…
Wall Street stocks slipped early Monday as traders braced for key earnings reports from chip titan Nvidia and major US retailers.After the longest government shutdown in US history, which put various economic data reports on hold, markets are also waiting for backlogged numbers to again start flowing — to gauge the health of the world’s…
Wall Street cruised to record highs on Friday, buoyed by cooler inflation data that strengthened expectations of faster rate cuts by the Federal Reserve, while Intel’s upbeat earnings kept momentum in AI-related stocks alive. A softer-than-expected inflation print for September solidified bets that the Fed will ease rates again next week. Traders brought forward their…
Wall Street‘s main indexes opened flat on Tuesday, as investors assessed a wave of quarterly earnings from corporate majors.At 09:30 a.m., the Dow Jones Industrial Average rose 13.17 points, or 0.03%, to 46,719.75. The S&P 500 gained 2.85 points, or 0.04%, to 6,737.98, while the Nasdaq Composite lost 9.71 points, or 0.04%, to 22,980.83. Source…
Wall Street advanced on Monday as investor concerns over the stability of regional banks eased, turning focus to a wave of corporate earnings and a closely watched inflation report. Earnings season shifts into high gear this week, with Wall Street heavyweights, including Tesla, Ford, GM , Netflix, Procter & Gamble, Coca-Cola , IBM and Intel,…
Wall Street‘s main indexes opened lower on Tuesday with renewed trade tensions between U.S. and China souring sentiment, while investors also parsed results from big U.S. banks that kicked off the third-quarter earnings season.The Dow Jones slipped 447.27 points or 0.97% to 45,620.31, the S&P 500 fell 81.28 points or 1.22% to 6,573.41, while the…