The Depository Trust & Clearing Corporation (DTCC) is advancing its tokenization service for securities, planning a phased rollout starting July 2026 and full launch by October 2026. This initiative involves over 50 major financial institutions, including BlackRock, JPMorgan, Goldman Sachs, Nasdaq, and Ripple Prime, aiming to integrate blockchain-based settlement into traditional capital markets. The service will enable tokenized equities, ETFs, and U.S. Treasuries to be processed within existing post-trade infrastructure, enhancing liquidity, transparency, and efficiency. This move marks a significant convergence between traditional finance and blockchain technology, signaling a shift towards regulated digital asset markets.
The U.S. Bankruptcy Court for the Central District of California confirmed the Plan of Liquidation for Oceanwide Plaza LLC, enabling the $470 million sale of the stalled Downtown Los Angeles development to KPC Square, a joint venture between KPC Grou...
Axsome Therapeutics received an "Outperform" rating from BMO Capital due to significant progress in its drug pipeline, including FDA acceptance of its NDA for AXS-12, a narcolepsy treatment with a PDUFA date set for May 1, 2027. The company is also a...
Novartis is set to report its Q2 earnings with analysts expecting an EPS of $2.17 and revenue of $14.07 billion, following a tough Q1 affected by major patent expirations. Despite revenue challenges, the company maintained strong cash flow of $3.30 b...
Margin debt in the U.S. increased for the third consecutive month in June, reaching a record $1.53 trillion. This represents a 7.9% rise from May and a 51.5% increase compared to June last year. Adjusted for inflation, the growth remains significant ...
McDonald's stock has dropped 10.85% over the past year, underperforming the broader market which rose 18%. Despite this, McDonald's recently reported better-than-expected earnings with an 11% revenue increase, 12% rise in operating income, and 3.8% g...
