https://www.nextbigfuture.com/2024/06/n ... mpany.htmlNvidia has surpassed the valuation of Microsoft and Apple to become the most valuable company in the world.
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Nvidia is worth 3.34 trillion.
Microsoft is worth 3.32 trillion.
Apple is worth 3.29 trillion.
Read more: https://www.cnn.com/2024/06/27/business ... index.htmlWalgreens is set to close a substantial number of its roughly 8,600 locations across the United States as the company looks to reset the struggling pharmaceutical chain’s business.
The company didn’t announce a specific number of store closures, but it said Thursday that it is planning “significant” closures of underperforming stores across America as part of a multiyear optimization program.
Walgreens’ (WBA) shares fell nearly 17% in premarket trading, which also announced during its earnings that it has slashed its full-year profit outlook.
https://www.bbc.co.uk/news/articles/c3gdlng47k7o3 hours ago
Israeli cyber-security firm Wiz has rejected a $23bn (£17.8bn) takeover offer from Google parent company Alphabet, in what would have been its largest-ever acquisition.
In an internal memo to staff seen by the BBC, Wiz founder and chief executive Assaf Rappaport said he was "flattered" by the offer.
He said the company would instead seek to reach $1bn (£775m) in revenue before selling shares to the public.
A source close to the deal told the BBC the offer was "very tempting", but Wiz believed it was big enough to go it alone and attempt to become the biggest cyber-security company in the world.
Earlier this year, the firm reported an annual recurring revenue of $500m (£387m).
Isn't that an embargo basically?
Read more here: https://www.commondreams.org/opinion/k ... e-gouging(Common Dreams) Debates over whether Democratic presidential candidate Kamala Harris’s economic proposals constitute Communist price controls or merely technocratic consumer protections are obscuring a more insidious thread within corporate media. In coverage of Harris’s anti-price-gouging proposal, it’s taken for granted that price inflation, especially in the grocery sector, is an organic and unavoidable result of market forces, and thus any sort of intervention is misguided at best, and economy-wrecking at worst.
In this rare instance where a presidential hopeful has a policy that is both economically sound and popular, corporate media have fixated on Harris’s proposal as supposedly misguided. To dismiss any deeper discussion of economic phenomena like elevated price levels, and legislation that may correct them, media rely on an appeal to “basic economics.” If the reader were only willing to crack open an Econ 101 textbook, it would apparently be plain to see that the inflation consumers experienced during the pandemic can be explained by abstract and divinely influenced factors, and thus a policy response is simply inappropriate.
Comrade Kamala?
For all the hubbub about Harris’s proposal, the actual implications of anti-price-gouging legislation are fairly unglamorous. Far from price controls, law professor Zephyr Teachout (Washington Monthly, 9/9/24) noted that anti-price-gouging lawsTeachout situated this legislation alongside rules against price-fixing, predatory pricing and fraud, laws which allow an effective market economy to proliferate. As such, states as politically divergent as Louisiana and New York have anti-price-gouging legislation on the books, not just for declared states of emergency, but for market “abnormalities."
- allow price increases, so long as it is due to increased costs, but forbid profit increases so that companies can’t take advantage of the fear, anxiety, confusion and panic that attends emergencies.
https://www.extremetech.com/computing/n ... market-capThe financial situations of Nvidia and Intel are currently heading in opposite directions. Nvidia's stock has been soaring like an eagle on Ritalin over the past year, while Intel's stock has lost more than 60% of its value in the same period. This situation has exploded the Nvidia CEO's net worth to over $100 billion, while Intel's market cap has downsized to just $96 billion. This has allowed a remarkable situation whereby a competitor's CEO is worth more than the entire company.
The lopsided trajectory of both companies gives us a snapshot of the current tech market. It shows that AI is dominating the GPU industry in an unprecedented fashion, and Nvidia is in the right place at the right time to capitalize on it with the powerful hardware and software it's spent years developing. At the same time, Intel is seemingly paying the price for its missed opportunities, market share erosion, and failed investments. Its stock has performed so poorly this year that there has even been talk of it being delisted from the Dow Jones Industrial Average.
Read more here: https://www.zocalopublicsquare.org/202 ... -local/(Zócalo) Consider four of these forms (of democracy).
Direct democracy, in which people vote to enact laws or amend constitutions through referenda, is now a part of governance in more than half of countries. But such procedures are mostly used at the local and sub-national levels, according to the new Global State of Direct Democracy report.
Participatory democracy, involving tools that allow residents of a neighborhood or other jurisdiction to formulate budgets or development plans themselves, has been expanding rapidly since the launch of one such tool in 1990 in Porto Alegre, Brazil. People Powered, a global hub for democracy and participation, reports that more than 7,000 budgets—mostly in cities and local schools—have been made through the participatory budgeting process.
Deliberative democracy has become so popular in recent years that practitioners speak of a “deliberative wave.” The most popular forms of such democracy are citizens’ assemblies—bodies of everyday people, assembled using “sortition” or lotteries rather than through elections. At a recent global conference for the network Democracy R&D, panelists estimated that about 1,000 such assemblies have been held to deliberate on and find solutions to difficult challenges, most at the local level.
Digital democracy is being used worldwide, often locally, to allow ordinary citizens to make proposals, develop policies, and govern their own communities. Among the best-known digital democratic tools is Decidim, an open digital platform developed by the city of Barcelona and now used in hundreds of localities and institutions worldwide.
Well f*ck it's a cycle. Hopefully it can be brokenAdditionally, metadehumanization—feeling dehumanized by others—was positively associated with dehumanizing political opponents, suggesting that people who feel dehumanized may, in turn, dehumanize others.
