Author: Press Room

Steven Ehrlich, the director of digital assets for Forbes, joins “Forbes Talks” to discuss why crypto tokenization is failing despite having top-tier backers such as Goldman Sachs and McKinsey.

(Photo by Jaap Arriens/NurPhoto via Getty Images)NurPhoto via Getty Images Like any common crime, online scams follow patterns. If you know how to protect yourself, you won’t be a victim. According to a recent report from Callsign.com, scams are multiplying across the world as more people engage in ecommerce. The report reveals “the exponential global growth of scams, the role social media plays in proliferating scams, the different definitions and attack vectors used in different geographies, and the impacts on businesses and consumers.” Some key findings from the report include: Social media is a breeding ground for scams: 1 in…

© Reuters. Mercury General Corporation (NYSE:) has announced its intention to issue a $0.3175 dividend on December 28th, outperforming industry averages with an annual yield of 3.5% relative to the current stock price. The company’s robust free cash flows are expected to secure this dividend despite its current unprofitability. The firm is forecasting a significant rise in earnings per share (EPS) in the coming year, which could elevate the dividend yield to 8.0%. This optimistic outlook contrasts with Mercury General’s past dividend cuts, including a notable reduction from $2.45 in 2013 to $1.27 recently, representing an annual decrease of nearly…

justhavealook/iStock Unreleased via Getty Images Apple (NASDAQ:AAPL) fell upon reporting quarterly earnings and providing a lukewarm forecast. Despite the somewhat negative sentiment from some on Wall Street, others are still feeling pretty good about the iPhone-maker. Goldman Sachs: BUY Goldman Sachs noted that Apple’s (AAPL) total device active installed base of more than 2B reached a record high across all products and geographic segments. Its iPhone installed base also grew to a new high, and Apple noted that fiscal 2023 was a record year for switchers driven by the iPhone’s success in emerging markets like India, Latin America, the Middle…

The Republican National Committee has set a date for the fourth debate of the 2024 primaries — over the objection of the party’s front-runner, Donald J. Trump — and incrementally ratcheted up the criteria to make the stage, according to a memo sent to campaigns on Friday.The next debate, the party told campaigns, will be in Tuscaloosa, Ala., on Dec. 6. Candidates will be required to have a minimum of 80,000 unique donors and to have reached 6 percent in two national polls, or in one national poll and in one poll in one of the four early states.The previous…

The IDF released a video showing injured troops being evacuated from Gaza in helicopters. The 669 Unit has evacuated 260 wounded soldiers since the war began. The IDF has released the names of 25 soldiers killed during the ground invasion. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The Israel Defense Forces have released a video showing the evacuation of troops injured during the ground invasion of Gaza.The elite 669 Unit has carried out 150 ground and rescue operations and evacuated 260 wounded soldiers…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Warren Buffett’s Berkshire Hathaway continued to sell off stakes in publicly traded companies, shedding more than $5bn of exposure to US and foreign stocks in the third quarter as the firm struggled to find appealing investments in a volatile market.The sales mean the sprawling conglomerate has sold stocks for four straight quarters, with divestments approaching $40bn. It has cut positions in companies such as oil major Chevron, automaker General Motors and insurer Marsh & McLennan. The value of Berkshire’s stock portfolio shrank…

© Reuters. Ag Growth International Inc. (TSE:AFN) has experienced a substantial increase in its share value over the past three years, showing a remarkable 91% escalation. This significant growth has far exceeded the market’s comparatively modest return of 23% in the same period. In more recent times, the company’s returns have been slightly more subdued, with dividends included, they have seen a 52% return. This comes despite Ag Growth not recording any profit last year, an event that did little to dampen the robust annual revenue growth of 17%. The company’s share price also saw a solid annual gain of…

jpgfactory Insurers populated much of the five financial stocks that declined the most in the past week, while the gainers included a lending platform used by banks, an insurer, two crypto-related names, and a West Coast regional bank. The biggest news in the financial space was the Federal Reserve keeping rates unchanged, but keeping the door open for further hikes if needed. The odds of another hike, though, lessened after the October jobs report indicated that the economy is cooling. The Financial Select Sector SPDR ETF (XLF) jumped 7.5% for the week, outpacing the S&P 500’s (SP500) 5.9% increase. Some…

Eric Trump blasted the non-jury civil trial stemming from New York Attorney General Letitia James’ lawsuit against the Trump Organization as “disgusting” and called it a “charade,” adding he believes “the truth” will come out “at the end” and expressing confidence his family will “win this thing.”The former president’s son made the comments after day two of his testimony in a Lower Manhattan courthouse.Eric Trump said he is hopeful his family is “afforded the same level of fairness” of anyone else who “doesn’t wear the Trump name.” ERIC TRUMP TESTIFIES HE HAD ‘NO INVOLVEMENT’ IN TRUMP ORGANIZATION’S STATEMENT OF FINANCIAL CONDITION…