Platform Financial News

Check out the companies making headlines in extended trading.

Creative Planning has acquired a Wilmington, Delaware-based registered investment advisory firm that provides integrated financial advisory, tax planning and investment management services to individuals, families and small businesses, the firm announced Tuesday.

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Billionaire Changpeng Zhao stepped down as chairman of crypto exchange Binance.US a week after pleading guilty to United States Department of Justice charges and relinquishing his chief executive role at Binance’s global business.

Investing.com — The Dow closed higher Tuesday, underpinned by a fall in Treasury yields as dovish remarks from some Federal Reserve officials boosted bets on rate cuts.

China’s e-CNY pilot program is gaining significant attention as three additional banks join the initiative.

Rocksteady Games, the original developer of Batman: Arkham Asylum, is set to explore the darker side of the DC universe with their upcoming release, Suicide Squad: Kill The Justice League.

Netflix had secured the rights to adapt new movies and series based on "The Chronicles of Narnia", a renowned book series by C.S. Lewis published in the 1950s. The Chronicles of Narnia immerses readers in a captivating fantasy world, introducing them to the fictional realm of Narnia through a total of seven published books. Over the years, the series has undergone various adaptations, including a BBC series, a radio series, and the well-known Disney movies. The collaboration between Netflix and The C.S. Lewis Company was revealed in October 2018, sealing a «multi-year deal» that encompasses multiple film and series projects inspired by the Narnia books. Since then, anticipation has been building for the creative endeavors that will bring this beloved literary world to life on the streaming platform. Meanwhile, Netflix had a tough year in 2022. Big rivals such as Disney and Amazon Prime were circling, and viewers seemed to be rethinking their streaming habits amid rising prices in a turbulent global economy. Netflix lost subscribers, and its share value plummeted. Since then though, the company appears to have enjoyed a very swift reboot. According to its latest letter to shareholders, it added 8.8 million new subscribers in the third quarter of 2023, on top of the 5.9 million it gained in the three months before that. The total number of subscribers worldwide is now 247.2 million.

Brooks Friederich is a little-known figure in the world of investment advisory, even among the Wall Street cognoscenti. Yet every year, the 39-year old — and his Berwyn, Pennsylvania-based employer Envestnet — helps steer billions of dollars into tailor-made strategies for financial advisers, part of what’s known as the model portfolio boom.

In the current period, blockchain technology is predominantly used for financial transactions. However, there are emerging trends that are redefining the application of blockchains with purposes like fraud detection, AML and supply chain management. 

Zee Entertainment Enterprises Ltd operating in over 190 countries, has launched its services as an aggregator in the US, offering subscription video-on-demand (SVoD) services of south Asian origin within its app. The ZEE5 Global Add-ons feature positions itself as a single window for US audiences to explore South Asian entertainment platforms, including Simply South (all South Indian languages), Oho Gujarati, Chaupal (Punjabi, Bhojpuri, Haryanvi), Namma Flix (Kannada), istream (Malayalam) and EPIC ON (Hindi). The add-ons come with prices starting from $1.49.

Securities and Exchange Board of India (Sebi) Tuesday proposed to amend the regulatory framework for a category of Alternative Investment Funds (AIF), called the Special Situation Funds (SSFs), to facilitate the acquisition of stressed loans and support the resolution of stressed assets in the Indian financial system. In a consultation paper, the market regulator suggested a definition of 'special situation assets', eligibility of investors in SSFs in terms of Insolvency law, restrictions concerning investment in connected entities, minimum holding period, subsequent transfer of loans, monitoring and supervision of such SSFs. To enable SSFs to acquire stressed loans, these funds need to be part of an RBI annexure pertaining to the transfer of loan exposure.

sextortion has advocates warning the issue is getting worse in Canada.For years, law enforcement and researchers have been warning about the dangers of rising incidents of criminals targeting minors through sextortion, calling the problem an “epidemic” that is leading to mental health issues and suicide. Despite some steps taken by governments and social media companies to increase safety online, the number of reported instances continues to rise.“We have a public health emergency on our hands,” Signy Arnason, the associated executive director of the Canadian Centre for Child Protection (CCCP), told Global News in an interview.Back in September, the CCCP’s national tip line for reporting online child sexual abuse, Cybertip.ca, reported they were receiving on average 40 reports of sextortion per week.

Animoca Brands has become the largest validator on the TON Network after its investment in TON Play.

Tokyo Gas has joined the race to acquire a minority stake in Think Gas Distribution, Indian natural gas supplier owned by private equity fund I Squared Capital, said two people aware of the development. Founded in 1885, Tokyo Gas is the city gas provider in the Tokyo metropolitan area and surrounding Kanto region. Tokyo Gas is doing due diligence at present, said sources.

farewell to at least seven Netflix Original titles. In November 2023, two major Netflix Originals bid adieu, including «Passing» removed from Netflix UK on November 10th, and «All Hail King Julien» and «All Hail King Julien: Exiled» leaving Netflix on November 18th.

Netflix debuted the first episode of the Korean drama "My Demon" on November 24, attracting a substantial audience. As of November 27, two episodes have been made available for streaming. The series, following the romantic tale of chaebol heiress Do Do-hee and the powerless demon Jung Gu-won, explores their unlikely love story as their lives become intertwined.

ENS Domains (ens.eth) recently announced the launch of the EVM Gateway, a significant development in blockchain technology aimed at improving interoperability between Layer 1 (L1) and Layer 2 (L2) chains. This new open-source platform is anticipated to be a foundational element in the next generation of L2 resolvers and marks a key milestone in ENS's L2 roadmap.

The realm of generative AI is witnessing rapid advancements, with 2023 marking a significant stride in the domain. Meta, formerly Facebook, has introduced Emu, a groundbreaking foundational model for image generation, at this year’s Meta Connect event. This technology underpins numerous AI experiences across Meta’s app family, notably in Instagram’s AI image editing tools. These tools enable users to transform photos by altering their visual style or background. Moreover, the Imagine feature in Meta AI facilitates the generation of photorealistic images within messages or group chats.

The Australian Taxation Office (ATO) has provided pivotal guidance on the capital gains tax (CGT) treatment concerning decentralized finance (DeFi) and the process of wrapping crypto tokens. This move is part of the ATO's ongoing efforts to clarify tax obligations in the evolving domain of digital assets and blockchain-based finance.

SushiSwap CEO Jared Grey has initiated a pivotal proposal titled «Deploy new tokenomics for Sushi.» This initiative, which seeks to overhaul the platform's existing token economic model, has now entered the crucial stage of community voting on Snapshot. The voting process, critical for determining the future course of SushiSwap, began recently and is set to conclude on November 25, 2023, at 1:00.