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Banks win bid to block $3.6 billion mass forex UK lawsuit

Major banks including JPMorgan, UBS, and Citigroup won a bid to block a $3.6 billion mass lawsuit over alleged forex rigging. The lawsuit, led by Phillip Evans, was based on findings by the European Commission. The UK Supreme Court reinstated the decision to refuse the case on an opt-out basis.

Reuters·
US
JPM
-0.18%
US
C
+0.16%
Reuters·
US
JPM
-0.18%
US
C
+0.16%

Meta's Yann LeCun targets EUR3bn valuation for new AI start-up Advanced Machine Intelligence Labs - FT

Meta's Yann LeCun targets EUR3bn valuation for new AI start-up Advanced Machine Intelligence Labs - FT

marketscreener·
US
META
-1.16%
marketscreener·
US
META
-1.16%

23% of Warren Buffett's $317 Billion Portfolio Is Invested in 3 Artificial Intelligence (AI) Stocks

Warren Buffett's Berkshire Hathaway has invested 23% of its $317 billion portfolio in AI stocks, including Amazon, Alphabet, and Apple. Amazon is enhancing its cloud services with AI, Alphabet is integrating AI into Google Search and Cloud, and Apple is leveraging AI across its devices. Buffett's strategy focuses on reliable growth and shareholder-friendly initiatives, avoiding trends like AI, yet these holdings are using AI to boost their businesses.

Motley Fool·
US
GOOG
-3.14%
US
GOOGL
-3.21%
US
AAPL
-1.01%
Motley Fool·
US
GOOG
-3.14%
US
GOOGL
-3.21%
US
AAPL
-1.01%

Nature's NFTs? How These Companies Fractionalize Rare Woods From Trees For Global Trade

Chinese companies are tokenizing rare Huanghuali trees and other commodities to address liquidity issues. Firms in Hainan are converting these trees into digital assets to infuse capital into industries with cash flow problems. Geely Technology Group plans to generate $13 million through tokens in Hong Kong. This marks one of the first attempts at tokenizing biological assets. Other Chinese goods like fine tea and high-end baijiu liquor are also being digitized. Analysts see real-world asset tokenization as a key institutional focus, with major firms like BlackRock and JPMorgan developing projects.

benzinga_article·
US
JPM
-0.18%
US
GELYY
0.00%
HK
00175
+1.39%
benzinga_article·
US
JPM
-0.18%
US
GELYY
0.00%
HK
00175
+1.39%

Prediction: Wall Street's Most Unique Member of the "Magnificent Seven" Will Become the Hottest Stock-Split Stock of 2026

The article predicts that Meta Platforms, a member of the "Magnificent Seven," will become the hottest stock-split stock in 2026. Despite never having split its shares, Meta is poised for a blockbuster split due to its high share price and large retail investor base. The trend of stock splits has been popular on Wall Street, with companies like Netflix and O'Reilly Automotive recently completing forward splits, boosting investor interest.

Motley Fool·
US
META
-1.16%
Motley Fool·
US
META
-1.16%
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