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TikTok is challenging the federal government’s order to shut down its operations in Canada, claiming it will eliminate hundreds of jobs and potentially terminate a quarter of a million contracts that it has with Canadian advertising clients. The company filed documents in Federal Court in Vancouver on Dec. 5, seeking to set aside the order to wind-up and cease business in Canada. The government ordered the dissolution of TikTok’s Canadian business in November after a national security review of the Chinese company behind the social media platform. That means TikTok must close its operations in Canada, though the app will continue to be available to Canadians. TikTok wants the court to pause the order while it argues its case on why the government's decision should be overturned. It claims the minister's decision was "unreasonable" and "driven by improper purposes." "TikTok Canada provides hundreds of Canadians with well-paying jobs, and contributes millions of dollars annually to the Canadian economy," the application says. "Through the TikTok platform, Canadian businesses and content creators can reach a global audience of over one billion monthly users." The review was carried out through the Investment Canada Act, which allows the government to investigate any foreign investment with potential to harm national security. Industry Minister François-Philippe Champagne said in a statement at the time that the government was taking action to address "specific national security risks," though it didn’t specify what those risks were. TikTok's court application says Champagne "failed to engage with TikTok Canada on the purported substance of the concerns that led to the (order.)" The company argues the government ordered "measures that bear no rational connection to the national security risks it identifies." It says the reasons for the order "are unintelligible, fail to reveal a rational chain of analysis and are rife with logical fallacies." TikTok Canada also claims it "participates in important Canadian public policy issues at the federal and provincial level, including those related to online safety, elections, and culture." The company's filing says TikTok Canada "worked with Elections Canada and the Privy Council Office on partnerships to support election integrity on the TikTok platform." TikTok claims the foreign investment review and economic security branch of Innovation, Science and Economic Development Canada "abruptly" finished the company's national security review at the end of October, and ordered the company to wind-up its Canadian operations a week later. The company's court application says there were "less onerous" options available than ordering the shut down, which it claims "will cause the destruction of significant economic opportunities and intangible benefits to Canadian creators, artists and businesses, and the Canadian cultural community more broadly." The company's law firm, Osler Hoskin & Harcourt LLP, declined to comment, while Champagne’s office did not immediately respond to a request for comment. A TikTok spokesperson said in a statement that the order would "eliminate the jobs and livelihoods of our hundreds of dedicated local employees — who support the community of more than 14 million monthly Canadian users on TikTok, including businesses, advertisers, creators and initiatives developed especially for Canada." This report by The Canadian Press was first published Dec. 10, 2024.Don't brine your turkey in the lake, park tells Americans

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SURPRISE, Ariz. — A homicide investigation is underway in Surprise, according to authorities. The Maricopa County Sheriff's Office said the homicide happened near 211th Avenue & Bradley Road. >> Download the 12News app for the latest local breaking news straight to your phone. Details about the victim and how they died were not released by the sheriff's office. "There is no outstanding suspect or threat to the community," the sheriff's office said in a news release. Further details about the investigation are expected to be released at a later time. This is a developing story; additional details will be added as they become available. Watch 12News+ for free You can now watch 12News content anytime, anywhere thanks to the 12News+ app! The free 12News+ app from 12News lets users stream live events — including daily newscasts like "Today in AZ" and "12 News" and our daily lifestyle program, "Arizona Midday"—on Roku and Amazon Fire TV . 12News+ showcases live video throughout the day for breaking news, local news, weather and even an occasional moment of Zen showcasing breathtaking sights from across Arizona. Users can also watch on-demand videos of top stories, local politics, I-Team investigations, Arizona-specific features and vintage videos from the 12News archives. Roku : Add the channel from the Roku store or by searching for "12 News KPNX." Amazon Fire TV : Search for "12 News KPNX" to find the free 12News+ app to add to your account , or have the 12News+ app delivered directly to your Amazon Fire TV through Amazon.com or the Amazon app. More ways to get 12News On your phone: Download the 12News app for the latest local breaking news straight to your phone. iTunes Google Play On your streaming device: Download 12News+ to your streaming device The free 12News+ app from 12News lets users stream live events — including daily newscasts like "Today in AZ" and "12 News" and our daily lifestyle program, "Arizona Midday"—on Roku and Amazon Fire TV. 12News+ showcases live video throughout the day for breaking news, local news, weather and even an occasional moment of Zen showcasing breathtaking sights from across Arizona. On social media: Find us on Facebook , Twitter , Instagram and YouTube .

Palantir Technologies ( PLTR -3.72% ) was one of the best-performing stocks of 2024. A strong start to the year for the artificial intelligence (AI)-powered enterprise software company went into overdrive in September. A strong earnings report and its addition to the S&P 500 that month stoked a ton of buying for the stock. The market has continued to push the stock higher, bringing the company's market cap above $187 billion, as of this writing. Palantir's financial results have been spectacular. But many analysts think the stock has gotten ahead of itself. Just three out of 22 Wall Street analysts covering the stock give it an overweight or buy rating. Moreover, none of them have a 12-month price target higher than its current stock price. Indeed, Palantir's stock valuation makes it tough to buy now . But investors looking to add some AI stocks to their portfolio have plenty of other options. And two other companies look far more attractive than the richly valued Palantir. In fact, I predict both will be worth more than Palantir by the end of 2025, as a result of strong relative price performance to 2024's big winner. There are two big shifts going on that increase the demand for Palo Alto Networks ' ( PANW -1.23% ) cybersecurity services. More and more enterprises are shifting from on-premise storage and compute for their data and software needs to cloud computing . As they migrate to the cloud or adopt a hybrid approach, they increase the number of potential attack points for cyber criminals. Additionally, most workplaces have adopted a hybrid approach to working in the office versus working from home. Again, this opens more potential security vulnerabilities. Palo Alto offers security solutions across clients' networks (firewalls) in both hardware and software formats. It also offers solutions for the cloud and endpoint security, ensuring only authorized devices gain access to sensitive network data. Many cybersecurity providers rely on machine learning artificial intelligence to help detect cybersecurity threats early and close vulnerabilities. One of the biggest challenges for building an effective system based on machine learning is accessing valuable data. As a leader in the space, Palo Alto has a considerable data advantage over the competition. As such, its AI efforts pay off handsomely, as they work better than competitors. What's more, Palo Alto's capabilities make it more attractive to new customers, creating a virtuous cycle, whereby it gains access to more valuable data than its competitors. On top of that, it's important to consider the switching costs for existing customers. Few security analysts are going to risk their job to save a few bucks for their company on a competing product. Just the opposite, they're more likely to go back to Palo Alto Networks when their needs expand. Palo Alto has been expanding its offerings through bolt-on acquisitions over time, and it's seen considerable success cross-selling customers on new products. As the company shifts to more software-based solutions and increases its cross-selling to customers, its gross margin should continue to move higher over time. As such, investors should see profits climb considerably faster than revenue for the foreseeable future. Palo Alto's shares currently trade for an enterprise-value -to-revenue ratio of 14.6. That's a fair price to pay. And if it can maintain that multiple through fiscal 2025, the stock should climb around 14% based on analysts' estimates. With a market capitalization of $124 billion, as of this writing, that would put its value at about $142 billion at the end of 2025. That would require Palantir stock to drop about 24% from today's price to fall below Palo Alto's potential market cap. 2. Micron Technology When it comes to semiconductors , just a few companies get most of the attention. Most people know the big GPU makers like Nvidia . But one company making critical components of AI chips like Nvidia's is Micron Technology ( MU -1.32% ) . Micron supplies memory chips, including standard DRAM and NAND chips found in PCs and smartphones. It also makes chips called high-bandwidth memory (HBM), which manufacturers like Nvidia incorporate into their high-end GPUs. As a result, Micron has been a big beneficiary of the growing spending and development in artificial intelligence. Micron's data center revenue grew more than 400% year over year in its first quarter, which ended in November. The segment, led by its HBM chips, now accounts for more than 50% of Micron's total sales. Management is extremely optimistic about the potential for AI to transform its business. It sees the HBM market growing from $16 billion in 2024 to $100 billion by 2030. Considering just three companies, including Micron, make HBM chips, Micron is sure to see its fair share of that growth. The strength of the data center business can offset short-term weakness in the consumer segment. Management lowered its forecast for the second quarter due to customer inventory reductions from PC and smartphone suppliers. The consumer segment slowdown points to the biggest risk of investing in Micron: cyclicality . Micron manufactures its own chips in-house. That requires significant capital expenditures up front, but results in relatively stable growth in cost of goods as it expands production capacity. Micron's chips are practically interchangeable with its competitors', which makes its pricing commodity-like. In other words, when there's strong demand for Micron's chips, it sees more orders and better pricing while its cost of production remains relatively flat. When demand falls, it receives less revenue, but it's still paying the same amount, potentially resulting in negative returns on invested capital . It seems likely Micron will continue to see very high demand for its HBM chips in 2025, as several big tech companies have laid out plans to substantially grow their data center spending. That should more than offset weakness in the consumer segment, and analysts expect 39.6% revenue growth for the year. At an enterprise-value-to-revenue ratio of 3.7 as of this writing, shares look undervalued, despite the cyclicality risk. If shares expand their multiple to 4 over the next year, and analysts' estimates pan out, Micron would see its stock climb about 50% next year. That would put its market cap around $150 billion. A 20% drop in Palantir shares over the next year would put it below that number. Regardless of whether Micron or Palo Alto Networks end up being worth more than Palantir by the end of 2025, both look far more attractive than the highflier at today's prices.Most Latam FX rise as Trump's Treasury pick softens DollarNFC's No. 1 seed comes down to Vikings-Lions showdown at Detroit in Week 18

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