Netflix announced a ten-for-one stock split, making the streaming company’s shares more affordable for retail investors. The company said it would issue nine additional shares for each share held after close of trading on November 10, adding that the split will make its stock more accessible
| The Japanese yen tumbled against the U.S. dollar after the Bank of Japan adopted a less hawkish tone than traders expected, while the greenback was boosted after Federal Reserve Chair Jerome Powell said a rate cut in December was not guaranteed. |
Cryptocurrency asset manager Grayscale Investments has launched its staking-enabled Solana spot ETF, expanding institutional access to Solana exposure. The Grayscale Solana Trust ETF began trading under the GSOL ticker on the New York Stock Exchange Arca platform.
A divided U.S. central bank lowered interest rates and Federal Reserve Chair Jerome Powell signaled it may be the last cut of the year, especially if the lack of official data during the ongoing government shutdown continues to shroud the true state of the economy in uncertainty.
Meta forecast “notably larger” capital expenses next year thanks to investments in AI, and recorded a nearly $16 billion one-time charge related to U.S. President Donald Trump’s ‘Big Beautiful Bill’ that pummeled its third-quarter profit.
Visa reported a rise in fourth-quarter adjusted profit, as strong consumer spending helped the global payments processing company’s card transaction volumes. More people swiped their cards for day-to-day expenses in the July-September quarter, keeping overall consumer spending steady.
