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(Kitco News) – HSBC Bank, one of the biggest financial institutions in the world, has announced the launch of tokenized gold for its retail customers in Hong Kong amid a push by the bank and the government to make real-world assets available in digital form.
Amazon.com Inc (NASDAQ:AMZN, ETR:AMZ) is positioning itself to catch up to Microsoft in terms of how its cloud service utilises generative AI, analysts believe. It comes after the e-commerce giant announced it had increased its stake in OpenAI rival Anthropic by US$2.75 billion to US$4 billion.
At the time, Facebook was facing fierce competition from a rising Snapchat, which has yet to go public and was experiencing rapid user growth.
Investors may keep a tab on stocks like INDB, NECB, STM, CMC and JPM, which have lately hiked their dividend payments.
PG&E is pushing forward with quests to help bolster Silicon Valley's economy and innovation future, including major South Bay and East Bay electricity projects, utility officials have said.
The Independent is set to take over BuzzFeed and HuffPost through a deal bringing together several online media brands. BuzzFeed and other brands included in the deal will continue to operate as separate sites under the agreement but will be managed by the Independent, which will also take on staff.
KBR seals a transformative deal with Petro Rabigh for predictive maintenance services.
Calamos Dynamic Convertible and Income Fund focuses on generating total returns and income from convertible and high-yield bonds. CCD fund pays a high distribution rate of 12.0% of NAV, which is higher than its 5-year average annual returns of 9.4%. The fund is trading at a 13% premium to NAV, which may be vulnerable if the fund resets its distribution rate lower.
UDR Inc. is an undervalued Multifamily REIT with a strong balance sheet and quality locations, making it a good choice for income. UDR's 'hedged' portfolio of properties in Tier 1 and secondary markets has helped it navigate different market environments and outperform its Tier 1-focused peers. Despite a slowdown in tenant demand and rental increases, UDR has maintained strong occupancy and is expected to see a reversal next year, all while paying a respectable dividend yield.
RLJ Lodging Trust owns 97 hotels, with a focus on urban hotels in the Sunbelt region. RevPAR grew 9.2% in 2023, with a further increase of 4% expected for 2024. Adjusted FFO per share increased 22.1% in 2023 but is expected to be marginally lower in 2024 on higher interest rates.