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Pelican Press

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  1. Salesforce picks Robin Washington to be finance and operating leader Salesforce picks Robin Washington to be finance and operating leader FILE PHOTO: Robin Washington speaks on stage during 2019 Watermark Conference for Women Silicon Valley at San Jose McEnery Convention Center on February 22, 2019 in San Jose, California. Marla Aufmuth | Wireimage | Getty Images Salesforce on Wednesday said former Gilead Sciences finance chief Robin Washington will join the software maker to become president and chief financial and operating officer. Washington will join Salesforce in March, replacing finance chief Amy Weaver and operating chief Brian Millham, who will retire in May. In August, Salesforce said Weaver would step down once the company had named a successor. Under Weaver, Salesforce widened its adjusted operating margin earlier than planned after activist investors came in to the stock. Shares of Salesforce slipped almost 2% in extended trading. Washington, 62, has been Salesforce’s lead independent director since 2022, after taking a seat on its board in 2013. In 2019, she retired from Gilead and became a director at Alphabet. Washington will remain on Salesforce’s board, and Arnold Donald, the former Carnival CEO who has been on Salesforce’s board since 2023, will become lead independent director, according to a statement. Salesforce CEO Marc Benioff praised Washington’s abilities in an X post. “A visionary leader, former CFO of Gilead & Hyperion, and longtime Salesforce board member, Robin’s expertise will guide us into the Agentforce era,” Benioff wrote. Salesforce has been busy promoting Agentforce add-on software that can automate sales and customer service processes inside of companies. Earlier in her career, Washington ran finance at enterprise software provider Hyperion and was a vice president at software seller PeopleSoft. She has also been an auditor at Deloitte. Hyperion and PeopleSoft were both acquired by Oracle, where Benioff worked before he co-founded Salesforce in 1999. Millham took a job as president of commercial sales at Salesforce months after the company’s establishment. He was promoted to president and operating chief in August 2022. In early 2023, when co-CEO Bret Taylor left in 2023, Millham took on some of Taylor’s responsibilities. WATCH: Salesforce CEO Marc Benioff: Don’t think Microsoft will use OpenAI in the future Source link #Salesforce #picks #Robin #Washington #finance #operating #leader Pelican News View the full article at [Hidden Content]
  2. Nintendo president on the future of Switch 1 games Nintendo president on the future of Switch 1 games “As someone who’s a huge fan of Achilles mythology, souls-like games and needed more reasons to use my Nintendo Switch, I was very excited to be able to get my hands on Achilles: Legends Untold. Initially released in 2022, the game released by Dark Point Games SA came to Switch this January and tells the story of Achilles following his story through the battle of Troy where he’s meant to face his destiny.” Alex @ Thumb Culture Source link #Nintendo #president #future #Switch #games Pelican News View the full article at [Hidden Content]
  3. 11 dead in worst mass shooting in Sweden's history, authorities say – ABC News 11 dead in worst mass shooting in Sweden's history, authorities say – ABC News 11 dead in worst mass shooting in Sweden’s history, authorities say ABC NewsSweden just experienced the worst mass shooting in its history. Here’s what we know CNNSweden mourns victims of deadliest gun attack, suspect’s motive unknown Yahoo! VoicesWitnesses describe chaos and bloodshed in Sweden’s worst mass shooting The Associated Press‘It Was My School’: Sweden Shooting Site Was at Heart of a Diverse Community The New York Times Source link #dead #worst #mass #shooting #Sweden039s #history #authorities #ABC #News Pelican News View the full article at [Hidden Content]
  4. Bandai Namco Achieves Massive Financial Growth, Reveals Strategy and Targets for the Next 3 Years Bandai Namco Achieves Massive Financial Growth, Reveals Strategy and Targets for the Next 3 Years Bandai Namco announced its financial results for the first nine months of the fiscal year, on top of revealing its new mid-term plan. Source link #Bandai #Namco #Achieves #Massive #Financial #Growth #Reveals #Strategy #Targets #Years Pelican News View the full article at [Hidden Content]
  5. Newcastle one win away from ending 70-year trophy wait Newcastle one win away from ending 70-year trophy wait Newcastle United are back in the English League Cup final for another chance to end their 70-year wait for a major domestic trophy. The Saudi-controlled northeast club beat Arsenal 2-0 in the second leg of the semi-finals on Wednesday night to advance 4-0 on aggregate. Jacob Murphy and Anthony Gordon scored the goals at a boisterous St. James’ Park. Newcastle will play either Tottenham or Liverpool in the March 16 final at Wembley Stadium. Tottenham lead 1-0 after the first leg — the second leg is Thursday at Anfield. For Newcastle, it marks another opportunity to capture a first piece of silverware since being bought by Saudi Arabia’s sovereign wealth fund in 2021. Newcastle’s last trophy was the now-defunct Inter-Cities Fairs Cup in 1969 and the most recent domestic title was the FA Cup in 1955. Newcastle reached the 2023 League Cup final, but lost 2-0 to Manchester United. Arsenal arrived buoyed by a 5-1 thrashing of Manchester City in the Premier League on Sunday and looking to overturn a 2-0 deficit from the first leg at Emirates Stadium last month. Mikel Arteta’s team failed to handle the lively atmosphere inside St. James’, with its usually solid defence looking fragile and almost conceding after just four minutes when Alexander Isak was played through on goal and finished into the top corner. It was disallowed for offside following a video review and the decision was announced to fans inside the stadium by the referee via a wireless microphone — a practice being trialled in the English League Cup ahead of use in the Premier League. After Martin Odegaard hit the post for Arsenal, Newcastle took the lead in the 19th when Isak struck a shot against the post and Murphy converted the rebound. Arsenal’s remote chances of a comeback were further hit when Gabriel Martinelli went off with a muscle injury before halftime, and Gordon virtually secured Newcastle’s place in the title match by scoring the second after Arsenal midfielder Declan Rice was dispossessed outside his area by a sliding Fabian Schar. Arsenal, two-time League Cup winners, were looking to reach the final for the first time since 2018, when they lost 3-0 to Manchester City. Source link #Newcastle #win #70year #trophy #wait Pelican News View the full article at [Hidden Content]
  6. Fed officials are raising concerns about Trump’s tariffs and inflation Fed officials are raising concerns about Trump’s tariffs and inflation Austan Goolsbee speaking at Jackson Hole on August 23, 2024. David A. Grogan | CNBC Federal Reserve officials take great pains not to comment on fiscal policy, but the looming threat from tariffs is forcing their hand. In recent days, multiple central bank policymakers not only have noted the uncertainty surrounding President Donald Trump’s desire to slap broad-ranging duties on products from Canada, Mexico and China — and perhaps the European Union — they also have highlighted the potential impact on inflation. Any indication that the tariffs are presenting longer-lasting pressure in prices could make the Fed hold interest rates higher for longer. In remarks at an auto symposium Wednesday in Detroit, Chicago Fed President Austan Goolsbee cited a number of supply chain threats that include “large tariffs and the potential for an escalating trade war.” “If we see inflation rising or progress stalling in 2025, the Fed will be in the difficult position of trying to figure out if the inflation is coming from overheating or if it’s coming from tariffs,” Goolsbee said. “That distinction will be critical for deciding when or even if the Fed should act.” Last week, the Federal Open Market Committee, of which Goolsbee is a voting member, voted to hold its benchmark interest rate steady in a range of 4.25% to 4.50% as it evaluates the evolving set of economic conditions. The vote came amid a backdrop of gamesmanship between Trump and the largest U.S. trading partners, in which he postponed levies against Canada and Mexico but added 10% in tariffs against China, which retaliated with its own measures. Economists generally see tariffs as having one-time impacts on prices, affecting particular goods where the duties are targeted but not acting as more widespread and more fundamental drivers of inflation. However, in this case Trump is casting a wide enough net that it could generate the kind of underlying inflation the Fed fears. A limited road map In an interview earlier this week with CNBC, Boston Fed President Susan Collins, also an FOMC voter, said she and her staff are studying the potential impact of tariffs, and she noted the unusual nature of the sweeping tariffs Trump has proposed. “We have limited experience of such large and very broad-based tariffs,” she said. “There are many different dimensions, and there are second-round effects as well, which make it particularly hard to really assess what the amounts would be … We don’t know what the time frame would be that would cause a rise in a price level.” If the tariffs were short-lived, “you’d expect the Federal Reserve would try to look through. But of course, there are many factors going on from that perspective. So I’ll just say quickly that the underlying trends in inflation in the economy really matter a lot for how, you know, how I think about policy going forward.” Other Fed officials, such as Philadelphia President Patrick Harker and the Atlanta Fed’s Raphael Bostic, also said they are concerned about potential inflationary effects and said they also will be watching for longer-term impacts. For his part, Chair Jerome Powell deflected multiple questions about tariffs at his post-meeting news conference last week, saying it’s too early to make judgments about fiscal policy. “We don’t know what will happen with tariffs, with immigration, with fiscal policy, and with regulatory policy,” he said. “I think we need to let those policies be articulated before we can even begin to make a plausible assessment of what their implications for the economy will be.” Source link #Fed #officials #raising #concerns #Trumps #tariffs #inflation Pelican News View the full article at [Hidden Content]
  7. Steam Will Now Warn You Before You Buy An ‘Abandoned’ Game Steam Will Now Warn You Before You Buy An ‘Abandoned’ Game Valve has released a new update to the Steam interface that’ll offer users a prompt detailing how long it has been since an early-access game was last updated. This new feature is designed to prevent gamers from investing in a game that might be abandoned, or from buying one that might not be accurately represented by what’s detailed on the store page. It’s not immediately obvious what the ‘cut-off point’ is for this label to appear, as not every early-access game has it. Most of them just have the typical breakdown that features an explanation from the developers as to why the game has been released in an early-access state. Transparency Update One of the most heartbreaking revelations you can have as a gamer is investing in an early-access game that has you excited, only to find that the developer hasn’t touched it in years. That’s the case with some early-access games on Steam that remain in that state for a very long time after hitting the digital storefront. Valve’s latest update challenges that notion, letting users know if it has been several months (or more) since the last major update to the game. This change was noticed and publicised on social media by SteamDB. For instance, Heartbound, which was released in 2018 and remains in early access, was last updated ‘over 13 months ago’. The game was once taken positively by the PC gaming community, but the recent review rating has dropped to Mostly Negative because of the lack of updates. Another example is a game called ATLAS, which sees players take on an ambitious pirating adventure across the high seas. It looks good enough at first blush, but it has mixed reviews overall – some 36,000 in total. It too was released in 2018 but hasn’t been updated in more than 20 months: Many early-access games ‘graduate’ from that state, becoming a full-release title that launches with a 1.0 version that’s often bursting with improvements and features. One great example is Sons of the Forest, which was released in early access in February 2023, graduating to a full release one year later and succeeding all over again. This is a nice move by Valve – but what do you think? Let us know on the Insider Gaming forum. For more Insider Gaming coverage, check out the news that OverActive Media reported top stats from the CDL Major in Madrid SUBSCRIBE to our newsletter to receive the latest news and exclusive leaks every week! No Spam. Source link #Steam #Warn #Buy #Abandoned #Game Pelican News View the full article at [Hidden Content]
  8. What to Know About the Trump Family’s Deals in the Middle East What to Know About the Trump Family’s Deals in the Middle East As President Trump pushes a new plan to take control of Gaza and clear out an area that once was home to an estimated two million residents, he is advocating bringing the United States much more deeply into a region where his family has a growing collection of real-estate and business interests. There is no part of the world as crucial to the growth of various Trump family business ventures as the Middle East, including Saudi Arabia, Qatar, United Arab Emirates and Israel, when the full portfolio of Mr. Trump as well as Jared Kushner, his son-in-law, are included. Here is a look at the family’s interests in the region and Mr. Trump’s proposal for Gaza. What Trump proposed for Gaza Mr. Trump declared on Tuesday that the United States should seize control of Gaza and permanently displace the entire ************ population of the devastated seaside enclave. Mr. Trump suggested the resettlement of Palestinians would be akin to the New York real estate projects he built his career on. “If we could find the right piece of land, or numerous pieces of land, and build them some really nice places with plenty of money in the area, that’s for sure,” he said. “I think that would be a lot better than going back to Gaza.” “Everybody I’ve spoken to loves the idea of the United States owning that piece of land,” Mr. Trump added, “developing and creating thousands of jobs with something that will be magnificent.” Mr. Trump’s aides on Wednesday walked back some of his comments, with the White House press secretary, Karoline Leavitt, saying that “the president has not committed to putting boots on the ground in Gaza.” Real estate in Oman, Saudi Arabia and Dubai The Middle East has in the past three years turned into the hottest spot for the Trump family in terms of new international real-estate deals. Most of these are so-called branding deals, which collectively earn the family tens of millions of dollars in fees in exchange for the right to use the name to help boost luxury condo, golf or hotel sales. Recent agreements have been signed with a Saudi-based real estate company called Dar Al Arkan to build high-rise luxury apartments, golf courses or hotels in Oman, Saudi Arabia and Dubai. “We are delighted to strengthen our ongoing relationship with the Trump Organization,” Ziad El Chaar, an executive with Dar Al Arkan’s subsidiary said last year, in announcing one of the deals. The project in Oman, which is the farthest along, involves the government of Oman itself, as it owns the land where the Trump golf course and hotel are being built. Although the opening of the resort destination is still at least three years off, the Trump Organization has already raked in at least $7.5 million from the Oman deal, financial reports from the past two years show. Eric Trump and Donald Trump Jr. visited Oman this summer to check the project’s progress, visiting the site with Yousef Al Shelash, the chairman of Dar Al Arkan. Dar Al Arkan itself has close ties with the Saudi royal family; the government there has been an important partner for the real estate company’s owners as they have built up their business. The Trump family also examined a potential deal in Israel before the Oct. 7, 2023, attacks and remains interested in doing a project there, The Times previously reported. Mr. Trump’s son Eric Trump has said he intends to wait until the war ends before moving ahead. Even before this recent burst of new Middle East deals, the Trump family already had an outpost in the region. Trump International Golf Club, Dubai, opened in 2017, shortly after Mr. Trump started his first term in the White House. The partner in this Dubai club is DAMAC Properties, run by Hussain Sajwani, a billionaire real-estate executive who, Mr. Trump boasted in December, plans to invest billions of dollars in the United States to build data centers. A partnership with LIV Golf The Trump family also has been a key partner to LIV Golf, the upstart professional golf league financed by Saudi Arabia’s sovereign wealth fund. In April, for the fourth year in a row, the league is slated to hold one of its tournaments at the Trump National Doral near Miami. LIV Golf pays the Trump family to host the tournament, which also drives thousands of customers to its restaurants and hotel rooms during the weekend event, scheduled for April of this year. Mr. Trump and his family own more than a dozen golf courses worldwide, all of which benefit from the media attention that the Saudi-backed tournament brings. Mr. Trump has long sought to attract these kinds of tournaments to his golf courses, but had at least one major event canceled after a mob of his supporters attacked the Capitol on Jan. 6, 2021. Jared Kushner’s investments The president’s son-in-law, Mr. Kushner, runs a private equity firm called Affinity Partners that has raised $4.5 billion, mostly from sovereign wealth funds of the oil-rich nations of Saudi Arabia, Qatar and the United Arab Emirates, based on relationships he built as an adviser to Mr. Trump during his first term. Mr. Kushner, who has said he does not plan to return to the White House, also has invested in at least two Israel-based businesses: Phoenix Holdings, an insurance company, and the car leasing division of Shlomo Holdings. Mr. Kushner’s business partner at Shlomo Holdings is also a partial owner of Israel’s only domestic builder of warships. That puts him in business with executives who are also major shareholders in an Israeli military contractor whose vessels have been used in the war in Gaza, armed with American-made weapons. It was Mr. Kushner who last year first floated the idea of considering Gaza as a potential real-estate development site. “Gaza’s waterfront property could be very valuable,” Mr. Kushner said last year during an event sponsored by Harvard’s Kennedy School of Government, suggesting that Israel “move the people out and then clean it up.” Source link #Trump #Familys #Deals #Middle #East Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
  9. Immersive sports firm Cosm eyes international expansion, funding round Immersive sports firm Cosm eyes international expansion, funding round Cosm may be coming to a city near you — both in the U.S. and abroad. The immersive sports-viewing technology company has built two dome venues in Los Angeles and Dallas that emulate the experience of being live at a sports stadium. The startup plans to build two more venues in Atlanta and Detroit in 2026. Cosm CEO Jeb Terry told CNBC Sport he is already thinking about international expansion as he takes inbound phone calls from real estate developers and municipality leaders in countries around the world. “I get calls daily from everywhere in Europe,” said Terry. “You look at calls from China, the Middle East, Japan. Australia is ******** down our door. There’s an opportunity to bring these venues globally, and we’re looking to figure out what’s the best path to do that.” Terry declined to share specifics on the cost of the company’s “shared experience” venues, which feature 87-foot-diameter LED domes and wall-to-wall screens to simulate the look and feel of being at a live game. Cosm currently has two locations in Los Angeles and Dallas, Texas, but is planning on expanding to additional locations in the future. Courtesy: Cosm The company is “doing well” on its path to profitability, he said, and has thus far raised $300 million from investors including Stan Kroenke, the owner of sports teams including the National Football League’s Los Angeles Rams; Marc Lasry, the former owner of the National Basketball Association’s Milwaukee Bucks; and Dan Gilbert, owner of the NBA’s Cleveland Cavaliers. Cosm is already thinking about another capital round, too, Terry said. How much money he will ask for will depend on the pace of construction, he said. “We’ll be looking to raise again in the future,” Terry said. “It’s really a function of scale. How fast are we going to go? And we’re going to kind of navigate that as this year evolves.” Get CNBC Sport directly to your inbox The CNBC Sport newsletter with Alex Sherman brings you the biggest news and exclusive interviews from the worlds of sports business and media, delivered weekly to your inbox. Subscribe here to get access today. Source link #Immersive #sports #firm #Cosm #eyes #international #expansion #funding Pelican News View the full article at [Hidden Content]
  10. EA Announces Declining Financial Results But is Confident to Return to Growth Next Fiscal Year EA Announces Declining Financial Results But is Confident to Return to Growth Next Fiscal Year EA announced its financial results for Q3 of its fiscal year 2025, related to the ******* between October and December 2024. Source link #Announces #Declining #Financial #Results #Confident #Return #Growth #Fiscal #Year Pelican News View the full article at [Hidden Content]
  11. ‘God bless Elon Musk’: How Jim Jordan plans to help the world’s richest man ‘God bless Elon Musk’: How Jim Jordan plans to help the world’s richest man Elon Musk has a critical ally in Congress as he tries to slash federal bureaucracy at a break-neck pace: Rep. Jim Jordan. The billionaire tech executive and the Ohio conservative hardliner have grown increasingly close since first being introduced by former Speaker Kevin McCarthy shortly after Musk’s takeover of Twitter in late 2022. Musk and Jordan, who chairs House Judiciary, talk roughly once a month, according to a person with knowledge of their relationship granted anonymity to speak candidly. And Jordan has already helped Musk advance a number of his goals since they became acquainted. Now, the friendship is set to help both men further their personal and political agendas in Trump’s Washington. For Musk, Jordan has a big say over legislation that could pave the way for more legal immigration in the high-skilled work sector, benefitting Musk’s business interests — to say nothing of Jordan’s subpoena power to go after Musk’s enemies. For Jordan, a direct line to Musk is a chance to bolster his bonafides with the conservative movement that considers the Tesla founder a hero. “This guy, you could argue, was the single biggest — had the single biggest influence — on saving and protecting free speech and the First Amendment, for goodness’ sake,” Jordan said in an interview. “God bless Elon Musk.” Jordan and Musk met at least twice post-election, first on Capitol Hill and then at Mar-a-Lago, Jordan said. In Washington, the two men discussed social media platforms, Musk’s so-called Department of Government Efficiency and the Judiciary Committee’s work digging into the Biden administration’s Federal Trade Commission. The meetings marked early opportunities for Jordan and Musk to explore how their dynamic was about to change as Republicans took control of Congress and the executive branch under President Donald Trump. Jordan’s committee has jurisdiction over a number of Musk’s primary political and policy interests, including immigration, deregulation, antitrust and the policing of social media platforms like X and its competitors. As Musk focuses on reducing spending and regulations, “We can be helpful,” Jordan said. Jordan is planning to use the Judiciary Committee to scrutinize companies and government officials that have allegedly suppressed conservative voices, including in Europe. Jordan last week sent a letter to the European Commission’s chief tech regulator inquiring about how it plans to enforce social media law against American companies, like X. And despite being a hardliner on immigration, Jordan now says he’s open to working with Musk on legislation paving the way for more high-skilled immigrants to live and work in the country, although he has said they have not yet spoken about the topic. The debate over expanding “H-1B visas” for this purpose has long been a point of friction for conservatives who want to support emerging tech industries without being accused of displacing domestic workers. “[We’ve] got to secure the border first,” Jordan said in an interview last month. “Once you’ve demonstrated that the border is actually secure, then we can entertain questions about the other key issues … whether it’s H1-B visas or other visas.” Musk did not respond to a request for comment nor did a spokesperson for DOGE. Judiciary Committee spokesperson Nadgey Louis-Charles said the panel’s work on free speech issues started years ago. “The Judiciary Committee’s investigation into censorship, which started in the 117th Congress, is all about defending the First Amendment and protecting free speech,” she said. “We’re standing up against any effort to silence Americans, and we’ve shown conclusively how Democrats colluded with Big Tech to censor Americans.” But Jordan’s work has involved him wielding the gavel in Musk’s defense, such as when he called a Justice Department official in 2023 to testify over the government’s lawsuit against SpaceX, one of Musk’s companies, for allegedly discriminating in hiring against refugees and asylum seekers. Jordan compelled the official to testify after SpaceX raised the issue with Jordan’s office directly, according to a person granted anonymity to discuss the relationship between Jordan and Musk. Their collaboration also culminated in the shutdown of the Global Alliance for Responsible Media. That coalition, which went by the acronym GARM, was a project of the World Federation of Advertisers that sought to fight “harmful” content online in the wake of the 2019 mass shooting at New Zealand mosques, which was partially livestreamed on Facebook. GARM caught Musk’s ire when advertisers reportedly pulled back spending on X. Jordan said he’d never heard of the group before, but that he launched a Judiciary Committee inquiry after Musk told him about it. A July 2024 staff report from the Judiciary Committee, which adapted Musk’s “GARM is Harm” catchphrase for its title, charged that the coalition had seemingly “anti-democratic views of fundamental American freedom” and likely coordinated illegally to flout antitrust laws. Shortly afterward, Musk’s X sued the World Federation of Advertisers over antitrust violations and GARM quickly dissolved, maintaining its innocence but conceding its resources had been drained. “When they announced they were going out of business, I called Elon up and said, ‘It all started with your one sentence — when you, Kevin [McCarthy], and I met — and you told me, ‘GARM is harm,’” Jordan said. Rep. Gerry Connolly, the top Democrat on the House Oversight and Government Reform Committee who was blocked Wednesday from issuing a subpoena to force Musk to testify on Capitol Hill, said he was alarmed by the Musk-Jordan partnership. “Elon Musk is an unelected, unaccountable billionaire with absolutely zero knowledge of how government works and rampant conflicts of interest,” the Virginia Democrat said in a statement. “He should be the subject of congressional investigations, not a beneficiary of politically motivated investigations into his opponents and competitors.” When asked why Musk’s influence on the Hill was justified, Jordan said Musk deserved to be listened to as a leader on fighting censorship — plus, “he’s got the confidence of the president of the United States.” “So I think that’s the key thing,” he added. “The guy who got elected by 77 million Americans wants him in this role.” Jordan and Musk first entered into a “mind meld” — according to one former associate of Musk granted anonymity to talk about their relationship — following Musk’s acquisition of Twitter. McCarthy introduced the two men, who had a shared interest in the alleged suppression of speech on social media platforms. Jordan had for years been railing against “Big Tech” and its treatment of conservatives. Musk’s Twitter takeover offered some momentum for the cause. Musk seemed particularly excited about someone in Congress focusing so closely on the issue, said the former Musk associate. All signs indicate that Jordan’s efforts to go after Musk’s adversaries will only continue to escalate. Jordan has even floated plans to work with the State Department to restrict entry into the U.S. by individuals and entities with track records of suppressing speech. In the meantime, Jordan said he’s glad to come to Musk’s defense. “What he’s done on … stopping censorship,” said Jordan, “has just been phenomenal.” Source link #God #bless #Elon #Musk #Jim #Jordan #plans #worlds #richest #man Pelican News View the full article at [Hidden Content]
  12. Cows Have Been Infected With a Second Form of Bird Flu – The New York Times Cows Have Been Infected With a Second Form of Bird Flu – The New York Times Cows Have Been Infected With a Second Form of Bird Flu The New York TimesUS Department of Agriculture detects second bird flu strain in dairy cattle Reuters.comUSDA milk testing shows different strain of H5N1 bird flu in Nevada dairy herds STATUSDA confirms spillover of 2nd H5N1 avian flu genotype into dairy cattle cidrap.umn.edu Source link #Cows #Infected #Form #Bird #Flu #York #Times Pelican News View the full article at [Hidden Content]
  13. Amazon Lightning Deal Drops Atari 7800+ Retro Console To Best Price Yet Amazon Lightning Deal Drops Atari 7800+ Retro Console To Best Price Yet The recently released Atari 7800+ retro console bundle is on ***** for only $101.40 (was $130) at Amazon. The cartridge-based retro console was previously on ***** for $105 in mid-January, so this is the second (and best) deal since its November launch. As of February 5 at 1:30 PM PT / 4:30 ET, just over 50% of units were claimed. Once the meter hits 100%, the price is expected to climb back to $130. In addition to Atari 7800 games, the new console plays 2600 cartridges. The discounted bundle comes with a wireless CX78+ Gamepad and a copy of the modern platformer Bentley Bear’s Crystal Quest. A wireless CX40+ Joystick is sold separately for $35, and you can pick up additional Atari 2600 and 7800 cartridges from Amazon for $30 each. Atari also released a modern Atari 2600+ that plays the same cartridges in 2023, but that console is full price ($130) right now. $101.40 (was $130) Atari built the 7800+ as a modernized and compact version of the iconic retro console. It connects to your TV via HDMI, plays Atari 7800 and 2600 cartridges, and works with original and third-party Atari cartridges. The included controller charges via USB-C. Bentley Bear’s Crystal Quest is a sequel to Crystal Castles–making it a nice first game to add to your library. The Atari 7800+ isn’t the only new addition to the Atari catalog, as the company released two new controllers and numerous game cartridges alongside the console. The CX78+ Wireless Gamepad is included with the Atari 7800+ and is a recreation of the popular two-button controller from the original platform. You can buy extra CX78+ gamepads for $35 each. The CX40+, meanwhile, is Atari’s joystick controller. It originally released in 2023 with the 2600+, but Atari added a wireless model to the lineup alongside the 7800+. You can purchase the CX40+ Wireless Joystick for $35 at Amazon. The controllers work on the Atari 7800+ and 2600+ as well as PC when using a USB-C adapter. If you happen to own the original Atari 7800 or 2600, they’ll work on those, too. Amazon also has a bunch of new 7800 and 2600 cartridges to play on your discounted console. Each cart costs $30 and is compatible with the Atari 7800+ and 2600+ as well as original hardware. Atari 7800+ console, controller, and games at Amazon You’ll also find The 400 Mini available for $97 (was $120)–though this console is built for emulation whereas the Atari 2600+ and Atari 7800+ are built to play cartridges. Still, it’s a cool option if you’re looking for a different way to play your favorite classic titles. The 400 Mini released in 2024. Check out our Atari 400 Mini story for more details. Another emulation-based Atari console is available for a discount, too. Manufactured by My Arcade, the Atari Game Station Pro comes with two joysticks and over 200 preloaded games. It launched for $100 in 2023, but you can get one for $62.30 at Amazon. The build quality isn’t as good as The 400 Mini, 2600+, or 7800+, but it’s worth considering at this price. And although it never caught on like Atari hoped, the Atari VCS All-in-One Bundle is available for $200 at Amazon (original MSRP was $400). The VCS is a Linux-based miniature PC that plays retro Atari games as well as PC games (mostly indies). This bundle includes a wireless modernized controller, a wireless arcade stick, and 100 built-in games. The VCS has some pretty cool features, including support for cloud gaming and other operating systems. You can install Windows on it, add an SSD to the open M.2 slot (it has 32GB of flash storage), and upgrade the RAM from 8GB up to 32GB. Source link #Amazon #Lightning #Deal #Drops #Atari #Retro #Console #Price Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
  14. Teenage boy charged over fatal stabbing of beloved pizza shop owner Teenage boy charged over fatal stabbing of beloved pizza shop owner Police have charged a 15-year-old boy over the death of a pizza shop owner who was fatally stabbed and “taken too soon”. Source link #Teenage #boy #charged #fatal #stabbing #beloved #pizza #shop #owner Pelican News View the full article at [Hidden Content]
  15. EA has confirmed a planned release window for its new Battlefield game EA has confirmed a planned release window for its new Battlefield game The next Battlefield game from EA is scheduled to be released before April 2026 Source link #confirmed #planned #release #window #Battlefield #game Pelican News View the full article at [Hidden Content]
  16. Salesforce picks Robin Washington to be finance and operating leader Salesforce picks Robin Washington to be finance and operating leader FILE PHOTO: Robin Washington speaks on stage during 2019 Watermark Conference for Women Silicon Valley at San Jose McEnery Convention Center on February 22, 2019 in San Jose, California. Marla Aufmuth | Wireimage | Getty Images Salesforce on Wednesday said former Gilead Sciences finance chief Robin Washington will join the software maker to become president and chief financial and operating officer. Washington will join Salesforce in March, replacing finance chief Amy Weaver and operating chief Brian Millham, who will retire in May. In August, Salesforce said Weaver would step down once the company had named a successor. Under Weaver, Salesforce widened its adjusted operating margin earlier than planned after activist investors came in to the stock. Shares of Salesforce slipped almost 2% in extended trading. Washington, 62, has been Salesforce’s lead independent director since 2022, after taking a seat on its board in 2013. In 2019, she retired from Gilead and became a director at Alphabet. Washington will remain on Salesforce’s board, and Arnold Donald, the former Carnival CEO who has been on Salesforce’s board since 2023, will become lead independent director, according to a statement. Salesforce CEO Marc Benioff praised Washington’s abilities in an X post. “A visionary leader, former CFO of Gilead & Hyperion, and longtime Salesforce board member, Robin’s expertise will guide us into the Agentforce era,” Benioff wrote. Salesforce has been busy promoting Agentforce add-on software that can automate sales and customer service processes inside of companies. Earlier in her career, Washington ran finance at enterprise software provider Hyperion and was a vice president at software seller PeopleSoft. She has also been an auditor at Deloitte. Hyperion and PeopleSoft were both acquired by Oracle, where Benioff worked before he co-founded Salesforce in 1999. Millham took a job as president of commercial sales at Salesforce months after the company’s establishment. He was promoted to president and operating chief in August 2022. In early 2023, when co-CEO Bret Taylor left in 2023, Millham took on some of Taylor’s responsibilities. WATCH: Salesforce CEO Marc Benioff: Don’t think Microsoft will use OpenAI in the future Source link #Salesforce #picks #Robin #Washington #finance #operating #leader Pelican News View the full article at [Hidden Content]
  17. Lambie reveals court dispute with ex-staffer scolded over nail painting in speech slamming unfair dismissal laws Lambie reveals court dispute with ex-staffer scolded over nail painting in speech slamming unfair dismissal laws Jacqui Lambie has revealed a court dispute with an ex-staffer who resigned after allegedly painting their nails while on the clock, in a speech to parliament. Source link #Lambie #reveals #court #dispute #exstaffer #scolded #nail #painting #speech #slamming #unfair #dismissal #laws Pelican News View the full article at [Hidden Content]
  18. Are You An ‘Upper Class’ Retiree? Here’s A Look At The Net Worth That Makes You Poor, Middle Class, Or Rich in Retirement Are You An ‘Upper Class’ Retiree? Here’s A Look At The Net Worth That Makes You Poor, Middle Class, Or Rich in Retirement Are You An ‘Upper Class’ Retiree? Here’s A Look At The Net Worth That Makes You Poor, Middle Class, Or Rich in Retirement When it comes to retirement, your net worth isn’t just a number—it’s a snapshot of your financial stability and the lifestyle you can afford. While income often takes center stage during your working years, it’s your accumulated wealth that ultimately defines your economic status once the paychecks stop rolling in. Recent data sheds light on where retirees fall on the financial spectrum, from just scraping by to living in luxury. For retirees on the lower end of the spectrum, having a net worth around $10,000 is considered poor, according to a Moneywise article citing a Holy Schmidt! YouTube video by accountant Geoffrey Schmidt. This typically means little to no property ownership, minimal savings, and heavy reliance on Social Security or modest pensions to cover basic expenses. Financial freedom is limited, and unexpected costs can be a significant burden. Don’t Miss: Moving up the ladder, middle-class retirees have a median net worth of approximately $281,000. This group often has a mix of assets like home equity, retirement accounts, and 401(k) plans. While this might seem like a solid cushion, the reality is that it needs to stretch over potentially decades of retirement, covering healthcare, living expenses, and the occasional splurge. Just above the middle class are the upper-middle-class retirees, whose net worth ranges between $201,800 and $608,900. They tend to have more diversified investments, a robust retirement fund, and the flexibility to enjoy travel, hobbies, and a comfortable lifestyle without constant financial stress. On the high end of the spectrum, rich retirees boast net worths starting at $1.9 million. This level of wealth offers true financial freedom—think luxury vacations, legacy planning, and the ability to support future generations without worrying about draining resources. For these retirees, money isn’t just about covering costs; it’s about enhancing life experiences. Trending: If You’re Age 35, 50, or 60: Here’s How Much You Should Have Saved Vs. Invested By Now According to Federal Reserve data, the average net worth for individuals aged 65 to 74 is a hefty $1,794,600, while the median net worth sits at $409,900. That gap is no coincidence—the average is skewed upward by ultra-wealthy individuals. The median figure offers a more realistic picture of what most retirees have tucked away. Story Continues Even a median net worth of $409,900 may not stretch as far as you’d think. For example, if you invested that amount at a modest 5% interest rate, it would generate about $20,495 annually. That’s hardly enough to cover a comfortable retirement lifestyle, especially when you factor in rising healthcare costs, inflation, and the occasional curveball life throws your way. See Also: Many are surprised by Mark Cuban’s advice for lotto winners: Cash or annuity? What influences net worth in retirement? A big factor is reduced spending—no more daily commutes, work wardrobes, or business lunches. Downsizing, smart investing, and debt management also play key roles. But ultimately, the habits you develop during your working years—like consistent saving, investing wisely, and living within your means—are what set the stage for your retirement status. Whether you’re aiming for upper-middle-class comfort or rich-retiree freedom, understanding where you stand can help you make informed decisions to secure the retirement you want. Remember, it’s not just about how much you’ve earned—it’s about how well you’ve managed to keep and grow it. Read Next: Up Next: Transform your trading with Benzinga Edge’s one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today’s competitive market. Get the latest stock analysis from Benzinga? This article Are You An ‘Upper Class’ Retiree? Here’s A Look At The Net Worth That Makes You Poor, Middle Class, Or Rich in Retirement originally appeared on Benzinga.com © 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Source link #Upper #Class #Retiree #Heres #Net #Worth #Poor #Middle #Class #Rich #Retirement Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
  19. Suns’ Kevin Durant does not want to play for Warriors – Arizona Sports Suns’ Kevin Durant does not want to play for Warriors – Arizona Sports Suns’ Kevin Durant does not want to play for Warriors Arizona SportsLatest on Kevin Durant landscape as NBA trade deadline nears – The Athletic The AthleticSources: KD has no interest in Warriors reunion ESPNKevin Durant reportedly not interested in reuniting with Warriors amid trade talks Yahoo SportsHeat interested in Durant. Durant-Warriors reunion possibility is ‘dead,’ per ESPN Miami Herald Source link #Suns #Kevin #Durant #play #Warriors #Arizona #Sports Pelican News View the full article at [Hidden Content]
  20. Destructive storm brings down wind turbine, prompting safety concerns Destructive storm brings down wind turbine, prompting safety concerns A 112m wind turbine has collapsed after severe thunderstorms wreaked havoc in one state, prompting this call. Source link #Destructive #storm #brings #wind #turbine #prompting #safety #concerns Pelican News View the full article at [Hidden Content]
  21. ‘God bless Elon Musk’: How Jim Jordan plans to help the world’s richest man ‘God bless Elon Musk’: How Jim Jordan plans to help the world’s richest man Elon Musk has a critical ally in Congress as he tries to slash federal bureaucracy at a break-neck pace: Rep. Jim Jordan. The billionaire tech executive and the Ohio conservative hardliner have grown increasingly close since first being introduced by former Speaker Kevin McCarthy shortly after Musk’s takeover of Twitter in late 2022. Musk and Jordan, who chairs House Judiciary, talk roughly once a month, according to a person with knowledge of their relationship granted anonymity to speak candidly. And Jordan has already helped Musk advance a number of his goals since they became acquainted. Now, the friendship is set to help both men further their personal and political agendas in Trump’s Washington. For Musk, Jordan has a big say over legislation that could pave the way for more legal immigration in the high-skilled work sector, benefitting Musk’s business interests — to say nothing of Jordan’s subpoena power to go after Musk’s enemies. For Jordan, a direct line to Musk is a chance to bolster his bonafides with the conservative movement that considers the Tesla founder a hero. “This guy, you could argue, was the single biggest — had the single biggest influence — on saving and protecting free speech and the First Amendment, for goodness’ sake,” Jordan said in an interview. “God bless Elon Musk.” Jordan and Musk met at least twice post-election, first on Capitol Hill and then at Mar-a-Lago, Jordan said. In Washington, the two men discussed social media platforms, Musk’s so-called Department of Government Efficiency and the Judiciary Committee’s work digging into the Biden administration’s Federal Trade Commission. The meetings marked early opportunities for Jordan and Musk to explore how their dynamic was about to change as Republicans took control of Congress and the executive branch under President Donald Trump. Jordan’s committee has jurisdiction over a number of Musk’s primary political and policy interests, including immigration, deregulation, antitrust and the policing of social media platforms like X and its competitors. As Musk focuses on reducing spending and regulations, “We can be helpful,” Jordan said. Jordan is planning to use the Judiciary Committee to scrutinize companies and government officials that have allegedly suppressed conservative voices, including in Europe. Jordan last week sent a letter to the European Commission’s chief tech regulator inquiring about how it plans to enforce social media law against American companies, like X. And despite being a hardliner on immigration, Jordan now says he’s open to working with Musk on legislation paving the way for more high-skilled immigrants to live and work in the country, although he has said they have not yet spoken about the topic. The debate over expanding “H-1B visas” for this purpose has long been a point of friction for conservatives who want to support emerging tech industries without being accused of displacing domestic workers. “[We’ve] got to secure the border first,” Jordan said in an interview last month. “Once you’ve demonstrated that the border is actually secure, then we can entertain questions about the other key issues … whether it’s H1-B visas or other visas.” Musk did not respond to a request for comment nor did a spokesperson for DOGE. Judiciary Committee spokesperson Nadgey Louis-Charles said the panel’s work on free speech issues started years ago. “The Judiciary Committee’s investigation into censorship, which started in the 117th Congress, is all about defending the First Amendment and protecting free speech,” she said. “We’re standing up against any effort to silence Americans, and we’ve shown conclusively how Democrats colluded with Big Tech to censor Americans.” But Jordan’s work has involved him wielding the gavel in Musk’s defense, such as when he called a Justice Department official in 2023 to testify over the government’s lawsuit against SpaceX, one of Musk’s companies, for allegedly discriminating in hiring against refugees and asylum seekers. Jordan compelled the official to testify after SpaceX raised the issue with Jordan’s office directly, according to a person granted anonymity to discuss the relationship between Jordan and Musk. Their collaboration also culminated in the shutdown of the Global Alliance for Responsible Media. That coalition, which went by the acronym GARM, was a project of the World Federation of Advertisers that sought to fight “harmful” content online in the wake of the 2019 mass shooting at New Zealand mosques, which was partially livestreamed on Facebook. GARM caught Musk’s ire when advertisers reportedly pulled back spending on X. Jordan said he’d never heard of the group before, but that he launched a Judiciary Committee inquiry after Musk told him about it. A July 2024 staff report from the Judiciary Committee, which adapted Musk’s “GARM is Harm” catchphrase for its title, charged that the coalition had seemingly “anti-democratic views of fundamental American freedom” and likely coordinated illegally to flout antitrust laws. Shortly afterward, Musk’s X sued the World Federation of Advertisers over antitrust violations and GARM quickly dissolved, maintaining its innocence but conceding its resources had been drained. “When they announced they were going out of business, I called Elon up and said, ‘It all started with your one sentence — when you, Kevin [McCarthy], and I met — and you told me, ‘GARM is harm,’” Jordan said. Rep. Gerry Connolly, the top Democrat on the House Oversight and Government Reform Committee who was blocked Wednesday from issuing a subpoena to force Musk to testify on Capitol Hill, said he was alarmed by the Musk-Jordan partnership. “Elon Musk is an unelected, unaccountable billionaire with absolutely zero knowledge of how government works and rampant conflicts of interest,” the Virginia Democrat said in a statement. “He should be the subject of congressional investigations, not a beneficiary of politically motivated investigations into his opponents and competitors.” When asked why Musk’s influence on the Hill was justified, Jordan said Musk deserved to be listened to as a leader on fighting censorship — plus, “he’s got the confidence of the president of the United States.” “So I think that’s the key thing,” he added. “The guy who got elected by 77 million Americans wants him in this role.” Jordan and Musk first entered into a “mind meld” — according to one former associate of Musk granted anonymity to talk about their relationship — following Musk’s acquisition of Twitter. McCarthy introduced the two men, who had a shared interest in the alleged suppression of speech on social media platforms. Jordan had for years been railing against “Big Tech” and its treatment of conservatives. Musk’s Twitter takeover offered some momentum for the cause. Musk seemed particularly excited about someone in Congress focusing so closely on the issue, said the former Musk associate. All signs indicate that Jordan’s efforts to go after Musk’s adversaries will only continue to escalate. Jordan has even floated plans to work with the State Department to restrict entry into the U.S. by individuals and entities with track records of suppressing speech. In the meantime, Jordan said he’s glad to come to Musk’s defense. “What he’s done on … stopping censorship,” said Jordan, “has just been phenomenal.” Source link #God #bless #Elon #Musk #Jim #Jordan #plans #worlds #richest #man Pelican News View the full article at [Hidden Content]
  22. Shelter-in-place issued as Eugene police respond to armed man in crisis Shelter-in-place issued as Eugene police respond to armed man in crisis A man was held by the Eugene Police Department and taken to a mental health treatment facility Tuesday night after walking onto a balcony naked at an apartment building near Shadow View Dr. and Longfellow Pl., armed with a handgun and threatening to kill other people and himself. Eugene police officials said patrol officers, crisis negotiation teams, drone teams and SWAT personnel were deployed to the apartment complex at 6:11 p.m. Residents in the area received a public safety alert stating, “People within a three-block radius should stay indoors and shelter in place until further notice.” According to Eugene police, the man voluntarily came out of his apartment and was taken to a local hospital for treatment of mental health issues at 8:13 p.m. The man’s firearms were taken “for safekeeping.” The Department also highlighted this incident was the first time the lead negotiator worked as a lead on an activation. She managed to build a rapport with the man and negotiate his surrender within about 15 minutes. To sign up for Emergency Alerts in Lane County, visit www.lanecounty.org/government/county_departments/emergency_management/emergency_alerts. Haleigh Kochanski is a breaking news and public safety reporter for The Register-Guard. You may reach her at *****@*****.tld. This article originally appeared on Register-Guard: Eugene man with gun surrenders after armed balcony standoff Source link #Shelterinplace #issued #Eugene #police #respond #armed #man #crisis Pelican News View the full article at [Hidden Content]
  23. What is the history of the Gaza Strip and its governance? – The Washington Post What is the history of the Gaza Strip and its governance? – The Washington Post What is the history of the Gaza Strip and its governance? The Washington PostView Full Coverage on Google News Source link #history #Gaza #Strip #governance #Washington #Post Pelican News View the full article at [Hidden Content]
  24. Dutton backs ‘shrewd’ Trump after vow to take over Gaza Dutton backs ‘shrewd’ Trump after vow to take over Gaza Donald Trump has been hailed a “big thinker and a deal maker” by federal Opposition Leader Peter Dutton after the president proposed the US take over and redevelop Gaza. Mr Trump’s suggestion on Wednesday that the bombed-out strip could be redeveloped into the “Riviera of the Middle East” has been widely denounced, including by Europe and Middle Eastern nations. The White House later walked back some of the president’s comments, saying Palestinians would be temporarily relocated rather than permanently displaced and said no decision had been made about sending in US troops. Mr Dutton said the billionaire, the subject of a popular 1987 memoir Trump: The Art of the Deal, didn’t become president for the second time “by being anything other than shrewd”. “I think a lot of people … are coming to grips with it as well as he’s a big thinker and a deal maker,” the opposition leader told Sydney radio 2GB on Thursday. “You’ve seen it in his business life, and the art of the deal is incredibly important to him, that both sides of the deal are contributing, that nobody’s ripping each other off. “There’s a desire for peace here from every reasonable person and hopefully it can be achieved.” Those who dismissed Mr Trump’s idea defied “the reality of the gravitas that he brings to the situation”, Mr Dutton said, adding that the president was trying to force allies to contribute more to rebuilding the region. “I don’t think they’re unreasonable expectations, but yes, I think it is about how do you leverage the best possible outcome to provide that peace and stability,” he said. Prime Minister Anthony Albanese reiterated Australia’s long-standing support for a two-state solution in the region. “Australia’s position is the right of both Israelis and Palestinians to live in peace and security in their own states and that remains our position,” he told Nine’s Today Show. Jewish groups in Australia have already rejected Mr Trump’s initial proposal to relocate the ************ residents. “The question of whether some Gazans choose to remain in the territory through this process, temporarily relocate or are permanently absorbed by neighbouring states is ultimately a decision for those affected, most of all, Gaza’s civilian population,” Executive Council of *********** Jewry president Daniel Aghion said. The Australia/Israel and Jewish Affairs Council said it was hopeful the cycle of violence in the Middle East could be broken. But it also expressed “strong concern over any hint that the US president is suggesting forcibly evacuating Gazans”. Mr Trump on Wednesday repeated his previous call for Jordan, Egypt and other Arab states to take in Gazans, saying Palestinians there had no alternative but to abandon the strip, adding he would support resettling Palestinians “permanently”. Source link #Dutton #backs #shrewd #Trump #vow #Gaza Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
  25. No Surprises In Skyworks Solutions’s (NASDAQ:SWKS) Q4 Sales Numbers, Provides Optimistic Revenue Guidance for Next Quarter No Surprises In Skyworks Solutions’s (NASDAQ:SWKS) Q4 Sales Numbers, Provides Optimistic Revenue Guidance for Next Quarter No Surprises In Skyworks Solutions’s (NASDAQ:SWKS) Q4 Sales Numbers, Provides Optimistic Revenue Guidance for Next Quarter Wireless chips maker Skyworks Solutions (NASDAQ: SWKS) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 11.1% year on year to $1.07 billion. The company expects next quarter’s revenue to be around $950 billion, coming in 100,716% above analysts’ estimates. Its non-GAAP profit of $1.60 per share was 1.7% above analysts’ consensus estimates. Is now the time to buy Skyworks Solutions? Find out in our full research report. Revenue: $1.07 billion vs analyst estimates of $1.07 billion (11.1% year-on-year decline, in line) Adjusted EPS: $1.60 vs analyst estimates of $1.57 (1.7% beat) Adjusted Operating Income: $284.8 million vs analyst estimates of $283.4 million (26.7% margin, in line) Revenue Guidance for Q1 CY2025 is $950 billion at the midpoint, above analyst estimates of $942.3 million Adjusted EPS guidance for Q1 CY2025 is $1.20 at the midpoint, above analyst estimates of $1.19 Operating Margin: 16.9%, down from 21.5% in the same quarter last year Free Cash Flow Margin: 31.7%, down from 62.6% in the same quarter last year Inventory Days Outstanding: 102, down from 120 in the previous quarter Market Capitalization: $13.81 billion “Skyworks started the new fiscal year with solid results, growing revenue 4% sequentially and surpassing the midpoint of our guidance,” said Liam K. Griffin, chief executive officer and president of Skyworks. Result of a merger of Alpha Industries and the wireless communications division of Conexant, Skyworks Solutions (NASDAQ: SWKS) is a designer and manufacturer of chips used in smartphones, autos, and industrial applications to amplify, filter, and process wireless signals. Demand for analog chips is generally linked to the overall level of economic growth, as analog chips serve as the building blocks of most electronic goods and equipment. Unlike digital chip designers, analog chip makers tend to produce the majority of their own chips, as analog chip production does not require expensive leading edge nodes. Less dependent on major secular growth drivers, analog product cycles are much longer, often 5-7 years. Examining a company’s long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Unfortunately, Skyworks Solutions’s 4.1% annualized revenue growth over the last five years was sluggish. This fell short of our benchmark for the semiconductor sector and is a tough starting point for our analysis. Semiconductors are a cyclical industry, and long-term investors should be prepared for periods of high growth followed by periods of revenue contractions. Story Continues Skyworks Solutions Quarterly Revenue Long-term growth is the most important, but short-term results matter for semiconductors because the rapid pace of technological innovation (Moore’s Law) could make yesterday’****** product obsolete today. Skyworks Solutions’s history shows it grew in the past but relinquished its gains over the last two years, as its revenue fell by 12.7% annually. Skyworks Solutions Year-On-Year Revenue Growth This quarter, Skyworks Solutions reported a rather uninspiring 11.1% year-on-year revenue decline to $1.07 billion of revenue, in line with Wall Street’s estimates. Company management is currently guiding for a 90,722% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to remain flat over the next 12 months. Although this projection implies its newer products and services will catalyze better top-line performance, it is still below average for the sector. Today’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Days Inventory Outstanding (DIO) is an important metric for chipmakers, as it reflects a business’ capital intensity and the cyclical nature of semiconductor supply and demand. In a tight supply environment, inventories tend to be stable, allowing chipmakers to exert pricing power. Steadily increasing DIO can be a warning sign that demand is weak, and if inventories continue to rise, the company may have to downsize production. This quarter, Skyworks Solutions’s DIO came in at 102, which is 34 days below its five-year average. At the moment, these numbers show no indication of an excessive inventory buildup. Skyworks Solutions Inventory Days Outstanding Despite in line revenue, we liked seeing Skyworks Solutions’s strong improvement in inventory levels. We were also glad its revenue guidance for next quarter came in much higher than Wall Street’s estimates. Overall, we think this was still a solid quarter with some key areas of upside. The stock remained flat at $87.50 immediately after reporting. Skyworks Solutions may have had a good quarter, but does that mean you should invest right now? When making that decision, it’s important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it’s free. Source link #Surprises #Skyworks #Solutionss #NASDAQSWKS #Sales #Numbers #Optimistic #Revenue #Guidance #Quarter Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

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