TERADAT SANTIVIVUT Market Summary With inflation gradually easing and the U.S. economy holding firm, stocks generally advanced during the second quarter. Conditions prompted U.S. Federal Reserve (“Fed”) officials to pause their aggressive rate-hike campaign in June and forecast that the U.S. would avoid a recession in 2023. Fed Chair Jerome Powell did assert, however, that…
As part of their partnership, Anthropic and SK Telecom will work together for building large language models (LLMs) for telcos. US-based artificial intelligence startup Anthropic PBC announced that it has secured a staggering $100 million in investments from South Korea’s largest telecommunications company SK Telecom. With this investment, SK Telecom also seeks to bolster its…
Kwarkot I last wrote an article focused on Federal Realty Investment Trust (NYSE:FRT) about a year ago. At the time it seemed likely to be a couple years or more before it would make sense to do that again. I did put FRT in my Buy, Hold, and Go Fishing portfolio last winter. But they…
Boardwalk Real Estate Investment Trust (OTCPK:BOWFF) Q2 2023 Earnings Conference Call August 11, 2023 1:00 PM ET Company Participants Eric Bowers – Vice President of Finance and Investor Relations Sam Kolias – Chairman & CEO Lisa Smandych – Chief Financial Officer James Ha – President Conference Call Participants Dean Wilkinson – CIBC Jonathan Kelcher –…
The injection of $5 million from Binance Labs transcends a simple financial transaction; it represents a collaborative effort focused on strengthening Curve’s security infrastructure and aiding the protocol in recovering its stability. Binance Labs, the investment arm of the world’s largest crypto exchange Binance, has committed a substantial $5 million investment in Curve DAO Token…
SmartCentres Real Estate Investment Trust (OTCPK:CWYUF) Q2 2023 Results Conference Call August 10, 2023 3:00 PM ET Company Participants Peter Slan – Chief Financial Officer Mitch Goldhar – Chief Executive Officer Rudy Gobin – Executive Vice President of Portfolio Management and Investments Conference Call Participants Gaurav Mathur – iA Capital Markets Sam Damiani – TD…
Andrey Elkin/iStock via Getty Images Carlyle Secured Lending Inc (NASDAQ:CGBD) reported another set of solid quarterly results earlier this week. From these results it is clear that the BDC continued to perform well, and the dividend remains adequately covered by net investment income (NII). However, like many other BDCs, Carlyle Secured Lending saw a decline…
MicroStockHub Executive Summary Cincinnati Financial (NASDAQ:CINF) recently released its quarterly results, showing an impressive turnaround in net income from a $818 million loss in the previous year to a profit of $534 million. Year-to-date post-tax profit also rose significantly by $1.8 billion to reach $759 million, mainly due to unrealized equity gains, in contrast to…
Saudi Arabia’s investment fund has reported a heavy loss worth billions of dollars from economic factors that reduced its many investments. The sovereign wealth fund in Saudi Arabia announced that it took a comprehensive loss in 2022 worth $15.6 billion. The loss came following an economic decline that caused a significant plunge in the value…
Artis Real Estate Investment Trust (OTC:ARESF) Q2 2023 Earnings Conference Call August 3, 2023 1:00 PM ET Company Participants Heather Nikkel – Investor Relations Samir Manji – President and Chief Executive Officer Jaclyn Koenig – Chief Financial Officer Kim Riley – Chief Operating Officer Phil Martens – Executive Vice President, U.S. Region Conference Call Participants…
D. Lentz Introduction We analyzed Constellium (NYSE:CSTM) on this platform during late 2021 in a deep dive article that was named Top Idea. While shares are only up 5% since that article was published, in large part due to the unforeseen deteriorating macroeconomic environment with hyperinflation. However, year-to-date, the stock is up more than 50%,…
Andrew Burton Utilizing Return on Invested Capital (ROIC) as a guiding metric, Stellantis (NYSE:STLA) efficiently allocates its resources for profitability. Despite potential risks from the electric vehicle revolution, the company currently presents a compelling investment opportunity, trading at remarkably cheap multiples to enterprise value. Embracing a “cigar butt” philosophy like Benjamin Graham’s, investors may find…
jetcityimage Pharma giant Eli Lilly and Company (NYSE:LLY) is buying the tiny biotech Sigilon Therapeutics, Inc. (NASDAQ:SGTX) for $14.92 per share in cash. The shares are trading at $21.28 due to a contingent value right ((CVR)) from Eli Lilly, potentially worth as much as $111.64 per share. Eli Lilly and Sigilon worked together on cell…
Eoneren/E+ via Getty Images By Jim Madden, Tony Tursich, and Beth Williamson In 2021, the operations of buildings accounted for 30% of global final energy consumption. This share is expected to increase in the coming decades as the global population grows and becomes more urbanized. Given the global focus on reducing energy use, there are…
The move is expected to boost the usage of non-fungible tokens (NFTs) within the gaming industry. Animoca Brands, a gaming and metaverse heavyweight has bet big on the crypto super app hi by investing $30 million into the project. According to the firm, the move is expected to boost the usage of non-fungible tokens (NFTs)…
Receive free Electric vehicles updates We’ll send you a myFT Daily Digest email rounding up the latest Electric vehicles news every morning. Shares in Chinese electric-vehicle makers rose sharply on Thursday after Volkswagen announced a tie-up with Chinese rival Xpeng designed to boost the German car manufacturer’s lagging sales in the country. Xpeng’s Hong Kong-listed…