The PIMCO California Municipal Income Fund focuses on tax-exempt income through California municipal bonds, primarily avoiding bonds that trigger the alternative minimum tax (AMT). While the fund showed strong returns in 2025, it has underperformed in 2026 with a negative total return since January. Despite this, the fund’s wide discount to net asset value (NAV) and improving distribution coverage ratios suggest potential future gains. The fund invests up to 20% in AMT-triggering bonds but maintains a mostly AMT-free profile, making it an attractive option for investors seeking tax-advantaged income in California.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
DMG Blockchain Solutions announced two strategic investments: one in MeetAmi Innovations, a Canadian fintech offering digital asset wealth management platforms, and another in Atomic47 Labs, an AI company focused on secure, sovereign AI infrastructur...
Gnosis (GNO) surged 13% in 24 hours, closing in on overtaking BONK by market capitalization to reach the 100th largest token spot. GNO's market cap stands at $303.88 million versus BONK's $330.07 million, requiring a price rise to about $125.48 for t...
Broadridge's Tokenization Pulse Survey shows 84% of firms view tokenization as strategically important, with 68% expecting it to reshape markets within 3-5 years. Most firms plan to integrate tokenization into existing infrastructure rather than buil...
Standard Chartered has partnered with Broadcom to modernize its global banking infrastructure by adopting a secure, resilient private cloud using VMware Cloud Foundation. This upgrade supports critical banking services across 54 markets with enhanced...
