(RTTNews) - Automotive Properties Real Estate Investment Trust (APR-UN.TO) announced earnings for its fourth quarter that Increased from the same period last year The company's earnings totaled $14.92 million. This compares with $12.05 million last year. The company's revenue for the period rose 19.3% to $27.94 million from $23.42 million last year. Automotive Properties Real Estate Investment Tru...
(RTTNews) - Automotive Properties Real Estate Investment Trust (APR-UN.TO) announced earnings for its fourth quarter that Increased from the same period last year The company's earnings totaled $14.92 million. This compares with $12.05 million last year. The company's revenue for the period rose 19.3% to $27.94 million from $23.42 million last year. Automotive Properties Real Estate Investment Trust earnings at glance (GAAP): -Earnings: $14.92 Mln. vs. $12.05 Mln. last year. -Revenue: $27.94 Mln vs. $23.42 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The unfolding Iran war has ricocheted across the region and beyond, with nearly every country in the Middle East sustaining damage from missile hits, drone strikes or shrapnel, many reporting casualties, and key embassies, economic engines and passageways closing down. Off the coast of Sri Lanka, a US submarine sank an Iranian warship as the war intensified and its footprint grew. Foreign governme...
The unfolding Iran war has ricocheted across the region and beyond, with nearly every country in the Middle East sustaining damage from missile hits, drone strikes or shrapnel, many reporting casualties, and key embassies, economic engines and passageways closing down. Off the coast of Sri Lanka, a US submarine sank an Iranian warship as the war intensified and its footprint grew. Foreign governments have for days urged their citizens to leave Middle East countries on any available commercial flight as Gulf airspaces largely close, cruise ships can’t pass through the Strait of Hormuz, and major airlines cancel flights. All airspace information is from the real-time flight-tracking service Flightradar 24, as of Wednesday, or national authorities. Iran Death toll: At least 1,045 people, according to Iran’s Foundation of Martyrs and Veterans Affairs. It is unknown how many are civilians. Advertisement Major casualty incidents: More than 160 were killed by a strike on a junior school in Minab, according to the state-run IRNA news agency. Israel says it was not involved in the incident. When asked by reporters about it, Secretary of State Marco Rubio said he did not have details but that the US would not deliberately target a school. Damage and impact: US-Israeli strikes have targeted nuclear infrastructure, missile launchers, government buildings in Tehran and leadership compounds, killing Supreme leader Ali Khamenei and other top military officials. Reports on state TV quote Iranians saying their homes have been damaged. Advertisement Airspace: Closed.
Anthropic PBC chief Dario Amodei has resumed discussions with the US defense department after talks about AI safety guard-rails collapsed last week, the Financial Times reported, citing multiple people with knowledge of the matter. Amodei has been negotiating with Emil Michael , under-secretary of defence for research and engineering, to try and iron out a contract governing the Pentagon’s access ...
Anthropic PBC chief Dario Amodei has resumed discussions with the US defense department after talks about AI safety guard-rails collapsed last week, the Financial Times reported, citing multiple people with knowledge of the matter. Amodei has been negotiating with Emil Michael , under-secretary of defence for research and engineering, to try and iron out a contract governing the Pentagon’s access to Anthropic’s technology, the FT reported. A new contract would allow the military to resume using its AI models, while lessening the risk of being designated a supply chain risk, the newspaper said. OpenAI last week announced it had struck an agreement to let the Pentagon deploy OpenAI’s artificial intelligence models in its classified network. That happened after the showdown with Anthropic, which demanded assurances that its technology wouldn’t be used for mass surveillance of Americans or autonomous weapons deployment. Read More: Anthropic Nears $20 Billion Revenue Run Rate Amid Pentagon Feud
Hong Kong will roll out targeted measures to attract precious metals companies as part of broader efforts to establish itself as a premier global gold trading hub, according to the city’s agency tasked with attracting foreign direct investment. InvestHK will assist companies setting up headquarters in Hong Kong with site selection and applications for overseas certifications to enhance refining op...
Hong Kong will roll out targeted measures to attract precious metals companies as part of broader efforts to establish itself as a premier global gold trading hub, according to the city’s agency tasked with attracting foreign direct investment. InvestHK will assist companies setting up headquarters in Hong Kong with site selection and applications for overseas certifications to enhance refining operations, Benjamin Wong Kwok-fan, the agency’s head of transport, logistics and industries, said in an interview earlier this week. After reaching an agreement in January with the Shanghai Gold Exchange and Shenzhen’s financial regulatory bureau, Hong Kong authorities will work with these parties to support trade between the city’s gold merchants and qualified refiners across the border. Advertisement “The purpose is to assist those setting up refineries in Hong Kong that haven’t yet obtained LBMA certification, offering a channel to keep operating. Other gold merchants might see this as usable too,” Wong said. The London Bullion Market Association (LBMA) is the world’s authority for precious metals and sets standards for how they are refined. Advertisement Wong outlined ambitions for a complete value chain in Hong Kong, encompassing trading, refining, storage, exchange-traded funds, derivatives, blockchain-tokenised gold and crypto-linked products.
Joy Alukkas , an Indian tycoon who built one of the world’s biggest family-owned jewelers, sees gold prices tracking higher over the coming years in response to a world hit by geopolitical and economic risks. The US attacks on Iran and surprise retaliatory drone strikes on Dubai that struck the city’s airport and landmark Burj Al Arab hotel are just one of them. “Whenever there is tension in the w...
Joy Alukkas , an Indian tycoon who built one of the world’s biggest family-owned jewelers, sees gold prices tracking higher over the coming years in response to a world hit by geopolitical and economic risks. The US attacks on Iran and surprise retaliatory drone strikes on Dubai that struck the city’s airport and landmark Burj Al Arab hotel are just one of them. “Whenever there is tension in the world, people naturally run to gold for safety. That can lift prices for a few days,” the owner of Joyalukkas Group said in an interview from Dubai, which he was visiting when the recent attacks occurred. “Over the next 2 to 3 years, unless the world sees real improvement in the bigger picture, especially around the US economy and wider geopolitics, I don’t see a meaningful correction. There can be dips, but the overall direction still looks upward.” The comments underline how some of the world’s biggest accumulators of the metal view the recent volatility. Gold has surged more than 75% in a year to trade above $5,000 an ounce and hit a record in January. Alukkas, 69, says his close to 200 stores across the UAE, India, US and elsewhere are sitting on nearly 16,000 kilos of inventory of the precious metal, like bars and jewelry. When gold goes up, the value of his stock — in some cases built up over decades — also rises, Alukkas said. That long holding history provides resilience against moves like 10% to 20% fluctuations. But on the flipside, he has to replace stock at today’s higher price. “Working capital goes up, and every refill costs more,” said the entrepreneur, worth $5.8 billion, according to the Bloomberg Billionaires Index . Read more: Hong Kong Value Stock Tycoon Puts Quarter of Wealth in Gold To be sure, one regional event by itself usually does not push gold to a totally new level, Alukkas said in reference to the recent turmoil in the Middle East. For gold to move sharply and stay there, it needs bigger global triggers like what happens to US interest rates, th...
Artificial intelligence (AI) has the potential to disrupt many companies and industries, but predicting which ones will succeed is difficult. One way to play the AI boom is to focus on the pick-and-shovel stocks that benefit no matter who strikes it rich in the AI gold rush. If you've got $1,000 or more to put toward a couple of AI stocks right now, here's why you should consider Taiwan Semiconduc...
Artificial intelligence (AI) has the potential to disrupt many companies and industries, but predicting which ones will succeed is difficult. One way to play the AI boom is to focus on the pick-and-shovel stocks that benefit no matter who strikes it rich in the AI gold rush. If you've got $1,000 or more to put toward a couple of AI stocks right now, here's why you should consider Taiwan Semiconductor (TSM +1.22%) and Micron Technology (MU +5.56%). Taiwan Semiconductor will be building AI processors for years to come If you've been following the tech sector for a while, you likely know about Taiwan Semiconductor Manufacturing Company (TSMC), also known as TSMC. The company is a leader in manufacturing of the world's most advanced processors, with about 70% market share in advanced chip manufacturing. That's even more important than it sounds, because TSMC continues to invest in newer and more advanced manufacturing processes that keep it ahead of rivals like Intel and Samsung. The continual investment in new manufacturing techniques and smaller processors has helped the company carve out a competitive advantage that could last for years. In TSMC's fourth quarter, sales rose 26% to $33.7 billion while earnings rose 35% to $3.14 per American depositary receipt. More growth is likely on the way, too, with management issuing 2026 revenue guidance growth of 30% for the full year. Adding to TSMC's appeal is that its shares look cheap right now. Taiwan Semiconductor stock has a price-to-earnings ratio of just 35 right now, which is cheaper than the average P/E ratio for the tech sector of 39. Expand NYSE : TSM Taiwan Semiconductor Manufacturing Today's Change ( 1.22 %) $ 4.31 Current Price $ 357.44 Key Data Points Market Cap $1.8T Day's Range $ 354.55 - $ 361.09 52wk Range $ 134.25 - $ 390.20 Volume 12M Avg Vol 13M Gross Margin 58.73 % Dividend Yield 0.87 % Micron's got the memory processors AI companies can't get enough of While graphics processing units understandably get...