63% of Institutions are Investing in Crypto for Diversification, Report Finds - Yahoo Finance

Bitwise Asset Management and the Hyperliquid Policy Center are pressing the US Securities and Exchange Commission (SEC) to revise its proposed crypto rules, seeking clearer guidance on token classifications, airdrops and secondary-market trading in comment letters submitted Monday. The requests come as the SEC closes public comments Tuesday on its proposed Regulation Crypto Assets, which would create exemptions for qualifying crypto fundraising and a conditional safe harbor for tokens associated with investment contracts. In an Oct. 19 comment letter, Bitwise Asset Management urged the SEC to clarify how investment managers should determine whether a crypto asset is subject to securities laws, arguing that managers need a standard they can apply using “publicly available information.” The firm also sought clearer rules on when managers can rely on an issuer’s proposed Form TR filing, which would certify that an investment contract has ceased to exist, and how they should assess tokens when no such filing exists.

Open this photo in gallery:A United Airlines plane at Chicago O'Hare International Airport in November, 2025. Adam Gray/The Canadian PressUnited Airlines UAL-Q on Tuesday forecast fourth-quarter profit well below Wall Street estimates, despite expectations for record revenue, as soaring fuel costs threatened to offset gains from strong travel demand and higher ticket prices. The Chicago-based carrier expects adjusted earnings of 50 cents to US$1.50 per share for the December quarter. LSEG data shows an average analyst estimate of US$1.76. The US$1 midpoint of the carrier’s outlook is 43 per cent below expectations. Even strong demand and sharply higher fares have been insufficient to shield airline profits from the fuel shock. US airfares rose an average of nearly 23 per cent year-on-year in the seven months through September, government data showed. United expects to pay US$4.80 a gallon for jet fuel in the fourth quarter, about 45 cents more than the market consensus assumption. The difference translates into roughly US$1 per share in earnings, the company said.

In an effort to thwart fraud, the Social Security Administration said it has fixed millions of records and is working on correcting millions more.

Open this photo in gallery:A 737 MAX 10 for WestJet at the Boeing Everett Factory in Washington in July. Jennifer Buchanan/Seattle Times/ReutersThe Federal Aviation Administration on Tuesday granted final approval to the long-delayed Boeing BA-N 737 MAX 10, clearing the way for the US plane maker to begin delivering the largest version of its best-selling airplane. Boeing has said the MAX 10 will be a major driver of cash flow in its ongoing financial recovery following years of crises and controversies that slowed the company’s timeline for the MAX 10. So far, airlines have ordered more than 1,550 MAX 10s, and the model accounts for 31 per cent of Boeing’s outstanding 737 backlog, according to IBA, an aviation analytics consultancy. Transportation Secretary Sean Duffy is set to appear on Tuesday at a Boeing factory in Everett, Washington, to tout the FAA certification. Boeing in July opened a new production line at the Everett plant to increase 737 output, which it also assembles in nearby Renton. Before the delays, Boeing had initially planned to start delivering the MAX 10 in 2020.

Open this photo in gallery:The SpaceX logo on a building at the Kennedy Space Center in Cape Canaveral, Fla., on May, 2020. David J. Phillip/The Canadian PressElon Musk’s SpaceX SPCX-T on Tuesday said its third-quarter revenue more than doubled, beating estimates as AI and Starlink grew, while capital spending nearly tripled as it invested in compute infrastructure, sending its shares up about 3 per cent in extended trading. Starlink and SpaceX’s broader connectivity operations have been the company’s main financial engine, underpinning Musk’s AI ambitions. But SpaceX’s own AI software, including xAI’s Grok, has so far been overshadowed by rivals OpenAI, Anthropic and Google. Revenue in the third quarter stood at US$14.58-billion, compared with analysts’ estimate of US$12.72-billion, according to data compiled by LSEG. It reported a net profit of US$4.4-billion for the three months ended Sept. 30, compared with analysts’ expectation for a profit of US$1.57-billion.

Open this photo in gallery:A Netflix logo during an event in Mumbai in February. Francis Mascarenhas/ReutersNetflix NFLX-Q issued a weaker-than-expected forecast for fourth-quarter profit on Tuesday, days after the streaming pioneer laid off 6 per cent of its work force and replaced two of its top programming executives. Third-quarter revenue rose 11.8 per cent to US$13.44-billion, in line with Wall Street forecasts, but the lowest rate of increase in nearly three years. The company forecast fourth-quarter net income of US$2.79-billion and EPS of 67 cents, below the average analyst forecast of US$3.07-billion and 73 cents. Netflix reduced its advertising forecast for 2026 to roughly US$2.7-billion, down from about US$3-billion. Some ad product capabilities rolled out slightly slower than expected, executives said in their quarterly letter to shareholders. The company that shook up Hollywood when it started streaming TV shows and movies two decades ago is now competing with a surge in viewership on YouTube and TikTok. Netflix has invested in video games, podcasts and live events to draw new viewers and increase the time members spend on the platform.