[ad_1] Meta plans to invest $60 billion to $65 billion in capital expenditures and grow its artificial intelligence (AI) teams “significantly” this year, CEO Mark Zuckerberg said in a Friday (Jan. 24) post on Facebook. Saying this will be a “defining year” for AI, Zuckerberg said Meta is building a data center large enough to cover “a significant part of Manhattan,” will bring online 1 gigawatt of compute and will have more than 1.3 million GPUs by the end of 2025. Zuckerberg said this infrastructure will power the company’s AI efforts that include Meta AI, which he expects will serve more than…
Author: user
[ad_1] Jeffrey M. Soinski, the Chief Executive Officer of Avinger Inc . (NASDAQ:), recently sold 3,690 shares of the company’s common stock. The micro-cap medical device company, currently valued at $1.92 million, has seen its stock decline by nearly 80% over the past year. The shares were sold at a price of $0.5567 each, totaling approximately $2,054. Following this transaction, Soinski retains ownership of 55,265 shares. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value metrics, despite generating $7.26 million in revenue over the last twelve months. The sale was conducted to cover tax withholding obligations…
[ad_1] Governor of California Gavin Newsom walks with U.S. President Donald Trump upon his arrival to tour areas impacted or destroyed by the southern California wildfires, at Los Angeles International Airport in Los Angeles, California, U.S., Jan. 24, 2025. Leah Millis | ReutersU.S. President Donald Trump said on Friday he would work with California Governor Gavin Newsom to respond to the Los Angeles fires after earlier floating doing away with the Federal Emergency Management Agency.”We’re looking to get something completed. And the way you get it completed is to work together to govern the state, and we’re going to get it completed. They’re…
[ad_1] (Bloomberg) — A group of banks led by Morgan Stanley is preparing to sell as much as $3 billion of senior debt tied to Elon Musk’s buyout of X, the social media platform formerly known as Twitter, according to people with knowledge of the matter. Most Read from Bloomberg Bankers have contacted a small group of investors to assess their interest in buying chunks of at least $250 million at a discounted price in the range of 90 to 95 cents on the dollar, said the people, who asked not to be identified discussing private information. A sale may…
[ad_1] By Kanishka Singh WASHINGTON (Reuters) – U.S. President Donald Trump’s administration asked U.S. federal agencies on Friday to terminate roles and offices related to diversity, equity and inclusion programs, a memo circulated by the Office of Personnel Management showed. WHY IT’S IMPORTANT Trump, a Republican, has issued a series of executive orders seeking to dismantle DEI programs since he took office on Monday. DEI programs seek to promote opportunities for women, ethnic minorities, LGBT people and other traditionally underrepresented groups. Civil rights advocates argue such programs, generally backed by Democrats, are needed to address longstanding inequities and structural racism.…
[ad_1] OAKDALE, Calif., Jan. 24, 2025 (GLOBE NEWSWIRE) — Oak Valley Bancorp (NASDAQ: OVLY) (the Company), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended December 31, 2024, consolidated net income was $6,008,000 or $0.73 per diluted share (EPS), as compared to $7,324,000, or $0.89 EPS, for the prior quarter and $5,865,000, or $0.71 EPS for the same period a year ago. Consolidated net income for the year ended December 31, 2024, totaled $24,948,000, or $3.02 EPS, representing a decrease of 19.1%…
[ad_1] Today is the International Day of Education. The United Nations created this day in December 2018 to celebrate the role of education in building sustainable societies. The day is also intended to promote quality education opportunities for all. Quality education is essential to a skilled and competitive workforce. Education is the foundation for people to gain skills for the workforce, increase their chances for economic mobility, and gain higher purchasing power. Well-educated and trained individuals make for quality employees or can establish successful businesses on their own. However, data reveals that two-thirds of our fourth and eighth graders in…
[ad_1] RAPID CITY – Black Hills Corp . (NYSE:), the South Dakota-based utility company with a market capitalization of $4.12 billion, has declared a quarterly dividend increase to $0.676 per share, up from the previous $0.65. Shareholders on record as of February 18, 2025, will be eligible for the dividend, which is scheduled for payment on March 1, 2025. The new dividend represents an attractive yield of 4.54%. According to InvestingPro data, Black Hills has consistently maintained and raised its dividend for 54 consecutive years. The increase in the dividend reflects the company’s belief in its strategic direction and growth…
[ad_1] By Terje Solsvik and Kanishka Singh OSLO/WASHINGTON (Reuters) -Denmark agreed on Friday to discuss the Arctic region with Washington, Foreign Minister Lars Lokke Rasmussen said, after his first phone call with the top diplomat of the administration of President Donald Trump, who wants control of Greenland. Rasmussen and U.S. Secretary of State Marco Rubio held a 20-minute conversation in a “good and constructive tone”, discussing Ukraine, European security and the situation in the Middle East, the Danish Foreign Ministry said in a statement. The State Department said late on Friday that Rubio had “reaffirmed the strength of the relationship”…
[ad_1] By Kanishka Singh WASHINGTON (Reuters) – U.S. Secretary of State Marco Rubio said on Friday the United States was rejoining an international accord that critics say aims to limit abortion access for millions of women and girls around the world. “Today, the United States informed signatories of the Geneva Consensus Declaration of our intent to rejoin immediately,” Rubio said in a statement late on Friday. The Geneva Consensus Declaration (GCD) was co-sponsored by the United States, Brazil, Uganda, Egypt, Hungary and Indonesia in 2020 when Trump was in office during his first term. His administration said at the time…