Platform Financial News

Trust & Will, a leading digital estate planning and settlement platform in the US, is taking a huge leap forward with its latest partnership.

Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share.

Wibmo, a provider of authentication services for online digital payments, is building a complete payment gateway solution. By creating a prepaid issuance stack and a neo-banking solution for banks, Wibmo aims to support digital distribution capabilities of large banks and financial services firms.

Google is still striving to claw back its lead in AI. This is the current quarter in which the company has continued its focus on technical infrastructure by capital expensing $12 billion worth of investments. On a related note, CEO Sundar Pichai expressed confidence in managing costs and transitioning monetization strategies related to AI effectively, saying, "I am very, very confident we can manage the cost of how to serve these queries" and “comfortable and confident that we will be able to manage the monetization transition here well," as quoted by Bloomberg.

private equity fund Advent International is among investors in discussions to acquire a minority stake in Apollo 24/7, the digital healthcare platform of Apollo Hospitals, said two people aware of the development. The buyer is likely to invest about Rs 2,100 crore ($250 million), valuing the subsidiary at about Rs 17,000 crore ($2 billion). Apollo 24/7 is part of Apollo HealthCo, a subsidiary of Apollo Hospitals. HealthCo also houses the pharmacy distribution business and a 25.5% interest in Apollo Pharmacy. It accounts for about 40% of Apollo Hospitals’ revenue. The promoters have been in discussions with various investors to dilute a minority stake in the pharmacy subsidiary for the last couple of years. Talks were previously held with Amazon,

made minority equity investments into FMX Futures, valuing it at $667 million, BGC said in a statement on Thursday. FMX currently offers trading in cash U.S. Treasuries and spot currencies.

A disappointing earnings report from Meta Platforms Inc. has technology investors on edge ahead of results from some of the stock market’s biggest and most important companies in the coming days.

Stocks that are trading heavily or have substantial price changes on Thursday: Meta Platforms, O’Reilly Automotive fall; Chipotle, TransUnion rise

TikTok is gearing up for a legal fight against a U.S. law that would force the social media platform to break ties with its China-based parent company or face a ban

TikTok ban bill, setting a firm deadline for ByteDance, the parent company of the popular video-sharing app, to sell its U.S. operations. The bill, passed by the U.S. Senate, imposes a deadline of January 24, 2025, for ByteDance to complete the sale process or face potential repercussions.

Apple is currently in the works for launching a special event that is tentatively related to a product as the event invitation is titled 'Let Loose'. This features a motion graphic of a hand holding a pencil-like item which suggests that the product in question may be related to iPads, according to USA Today. The illustration of the hand holding the pencil includes different versions of the event invite on different Apple platforms, including YouTube, application, and site.

Hotstar, the streaming platform owned by Disney Star, will stream the upcoming ICC Men's T20 World Cup 2024 for free on mobile while charging on Connected TV (CTV), continuing its previous hybrid monetisation model for live sports, said people familiar with the development. In its marketing pitch to sponsors, the streaming behemoth stated that the month-long T20 competition, which will take place in the West Indies and the United States from June 1 to 29, has the potential to reach over 450 million viewers. Between March and August, it has offered brands an additional 150 million incremental reach with entertainment shows like Showtime Part 1 and 2, Kaphal, Special Ops 2A, Pratipashchandra, and Abhimanyu.

regulatory clarity on cryptocurrency trading in India and proposing that the government drafts legislation for monitoring digital assets as global financial hubs such as the US, UK and Hong Kong embrace crypto assets as legitimate trading instruments. “As more than 80% of G20 members and financial hubs are offering regulatory clarity on crypto assets, there’s an urgent need for a globally coordinated, clear policy framework on digital assets to mitigate risks and foster innovation,” the Bharat Web3 Association (BWA) said in a press note on Thursday.

Faridabad Court has issued another notice against Sandeep Maheshwari for allegedly making comments despite restrictions imposed by the court in the Vivek Bindra case. In its orders on December 22, 2023, and February 5, 2024, the court prohibited both parties from making negative remarks or engaging in campaigns against each other, whether online or offline. However, despite these orders, Sandeep Maheshwari purportedly held public meetings. According to the notice, Sandeep Maheshwari is required to appear before the court on May 28th. The origin of this legal conflict can be traced back to a video released by Maheshwari on December 11, 2023, which sparked a series of exchanges in the form of posts and videos between the two. Subsequently, in December 2023, Bindra filed a case in Faridabad.

Shares of Meta Platforms sank nearly 15 per cent on Thursday, sparking a selloff in big tech stocks after the social media giant signaled its costly bet on AI would take years to pay off.

Digital asset technology firm Crossover Markets has released impressive performance data for Q1 2024 from its flagship digital assets platform, CROSSx.

The BEFE coin is gradually becoming the most talked about meme coin project in the crypto market right now. Especially now being a time when small crypto projects are in high demand from investors looking to secure a future profit. BEFE coin’s rise to glory lately has been driven primarily by the potential it has been showing as the meme coin to give investors bigger profits. Although It has been living up to the hype in the last 6 weeks, most investors are still confused about what’s driving the BEFE coin price . However, most of this confusion is just to confirm that the same factor that has driven the price in the past can still drive it in the future.

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LPL expanded its profile in the Eastern US yet again as another veteran advisor makes his return.

Mumbai Indians, and he is the one who can make you win. There is no point booing your player. You can criticize a little bit, but move on," Wasim Akram told news platform Sportskeeda. Wasim Akram also spoke about Chennai Super Kings, who changed their captain ahead of IPL 2024, and the young Ruturaj Gaikwad replaced the legend MS Dhoni smoothly.

Mumbai, April 24, 2024 - So many organizations have jumped on the generative AI (GenAI) bandwagon in the last year, but are those efforts delivering results yet? If the organization uses the SAS® Viya® data and AI platform, the answer is a resounding yes. Infused with large language model (LLM) orchestration strength, SAS Viya is already helping customers accelerate efficiency and productivity.