Each of Tesla’s autonomous ride-hail vehicles can generate $20,000 annually, Ark Invest estimates. New product opportunities for Tesla include drones or last-mile delivery robots, the firm said. bull Cathie Wood -run Ark Invest on Tuesday provided some insights into what the electric vehicle maker would be up to in the near- and medium-term. What Happened: CEO Elon Musk and his team hinted on the company’s earnings call held this Wednesday that some new products, including an inference computer for applications beyond automotive, could be in the pipeline. Some of these applications will blow people’s minds when revealed, the billionaire said on the call. Ark Invest analyst Tasha Keeney said Tesla’s data library and training/inference tools are positioning the company to build other autonomous machines that navigate the physical world. These could include drones or last-mile delivery robots, she added. This could be an attractive opportunity for Tesla, going by Ark’s estimate that real-time delivery robots that fly and roll could generate $1 trillion in revenue in 2030. This is in addition to the humanoid robot Optimus the company is building and the robotaxi service it is planning for, the analyst said. Robotaxi, A Big Opportunity: Musk sees autonomous taxi […]

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Source: Shutterstock While HireQuest, Inc. ( NASDAQ:HQI ) might not be the most widely known stock at the moment, it led the NASDAQCM gainers with a relatively large price hike in the past couple of weeks. Less-covered, small caps sees more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing. So, could the stock still be trading at a low price relative to its actual value? Let’s take a look at HireQuest’s outlook and value based on the most recent financial data to see if the opportunity still exists. Is HireQuest Still Cheap? The share price seems sensible at the moment according to my price multiple model, where I compare the company’s price-to-earnings ratio to the industry average. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 25.62x is currently trading slightly above its industry peers’ ratio of 21.08x, which means if you buy HireQuest today, you’d be paying a relatively sensible price for it. And if you believe that HireQuest should be trading at this level in the long run, then there should […]

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Cloud infrastructure stocks have been among the worst performers this year despite all the excitement around artificial intelligence (AI). In this report, we dive deeper into the drivers of the current underperformance and highlight the medium-term upside potential. Contents: Enterprises are cutting spend and optimizing cloud usage Not all cloud business models are the same – consumption vs. project-based AI breakthroughs will drive strong medium-term cloud demand Cloud Spend Optimization There are two effects that are driving a temporary slowdown in enterprise spending (1) fear of recession is forcing companies to cut spending (2) after two years of robust growth, companies are optimizing their spending. Fortune 500 decision-makers expect a dramatic slowdown in IT spending. Per a recent ETR survey, respondents expect 2023 IT spending to grow only 1.4% vs. 4.4% yoy only 2-3 months ago (based on data from over half of the Fortune 500). IT Spending of Organizations Interestingly, cloud spending is expected to fare worse than the average IT spending. In addition to broader slowdown in IT spend, companies are optimizing their cloud usage and delaying new projects. Spend Intent in Cloud vs Avg YoY Per Microsoft’s (NASDAQ: MSFT ) F2Q23 earnings call, the company expects […]

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Dorothy Basemera Otim picks wild mushrooms at her compound in Kampala, Uganda. BUSHENYI, UGANDA — Dorothy Basemera Otim loves a hot bowl of wild mushroom gravy. The retired news editor and television personality says for as long as she can remember, she has looked forward to the annual season when suddenly mushrooms spring out of the ground. But lately, that has been rare and unpredictable. “In the last three years mushrooms have come twice and in different seasons,” she says, as she bends over to pluck some. Otim thinks wild mushrooms have become rarer because not many parts of the half-acre plot she lives on lie undisturbed long enough to create the right conditions for them to grow. Like many Ugandans in urban areas, she now grows her own vegetables about three times a year, which means the ground is continually turned. The only place mushrooms appear in is the small corner under a mango tree where the dark shadow prevents vegetables from growing. The clearing of natural forests to create space for agriculture and human settlement has led to a steep decline in wild mushrooms, which used to be a cheap source of nutrients and were used as […]

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Rural Opportunity Institute (ROI), one of eight organizations in New Profit’s first Health Equity Cohort , supports youth, organizations, and communities in rural North Carolina to help them interrupt the cycle of generational trauma and design innovative solutions for healing and resilience. ROI builds new tools and is open-source, freely sharing what works. ROI works to turn wisdom and the newest science into common practice. Vichi Jagannathan and Seth Saeugling of Rural Opportunity Institute. Travis Dove for Teach For America. Below, ROI Co-Founder Vichi Jagannathan shares the path that led her to start the organization and how, when properly resourced, a rural community can become a hotbed of innovative practice. Q: Can you reflect on a moment from your life that really shaped who you are today? What about this moment brought about the greatest impact on your career? A: As a child of Indian immigrants, I internalized education as the ticket to achieving success, believing those who did not attain it were fully responsible for their struggles. I attended three Ivy League universities, but never once learned about the legacies of racialized trauma still perpetuated by institutions, including schools, through policies and practices steeped in white supremacy. When […]

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Vermont sits in the middle of the U.S. states when it comes to income, according to the World Population Review . So, why isn’t UVM accessible for Vermonters? While there has been a genuine decline in numbers of Vermonters graduating from high school since 2008, the 80% of students in the Vermont State Colleges System are in-state, according to a Sept. 28, 2015 article from the Burlington Free Press . In contrast, only about one-fourth of the UVM undergraduate population is from Vermont, according to data from College Simply . The same data shows only about 13% of students are considered low income. Clearly, the issue isn’t Vermont—it’s the lack of accessibility to UVM. It would be in UVM’s best interest to admit more in-state students. Having a high in-state population at universities is great for a number of reasons. First, when there are more in-state students, it shows that there is a clear liking and want for students to stay in the state they grew up in for some of the more formative years of their lives. It also demonstrates University support and encouragement towards its young citizens to take the opportunity that’s right in front of them […]

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Turin mayor Stefano Lo Russo officially handed over the contest to Liverpool mayor Joanne Anderson night By Claire Hamilton Political reporter, BBC Radio Merseyside Liverpool must do what it does best and "show everyone how to party" as it hosts Eurovision, a minister has said. Stuart Andrew, whose remit includes the contest, said he met business owners in the city ahead of last night’s official handover ceremony and shared his hopes they could capitalise on it. The culture minister said it was "a major opportunity" for the city. Liverpool City Council’s chief executive has called it a "once in a decade" chance to bring in investment. Mr Andrew said he would "do all I can to maximise the benefits from it". "I was here recently for the World Gymnastics Championships and the feedback was incredible," he said. "The city knows how to put on big events." Mr Andrew said the World Gymnastics Championships was an example of the city’s hosting skills The government has not said how much money it will contribute to staging the contest, but Liverpool City Council and Liverpool City Region Combined Authority are to spend a combined £4m on the event . That money will […]

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President and CEO, LANL Foundation The 2018 lawsuit Martinez-Yazzie vs. the State of New Mexico names four student groups who are not receiving an adequate education in violation of our State Constitution: the economically disadvantaged, English language learners, students with disabilities, and Native American students. These four groups make up roughly 86% of New Mexico’s student population. Native American students, however, who make up 13 % of our public school student population, deserve special support and recognition. As a state with one of the largest Native American populations (12.8% compared to the national average of 2.6%), New Mexico can and should be a model for Native education. Yet our Native American students continually perform behind their peers on state and national proficiency assessments. Why? Native students, in non-Native public schools, may never see a Native teacher or counselor. They are often bussed great distances to public schools, missing out on after school activities and enrichment opportunities. Their languages, cultures, and ways of life are often ignored and undermined in school and other settings. Native American students are reportedly expelled far more often than any other demographic group and at least four times as often as white students. Native American […]

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The ability of a bankruptcy trustee or chapter 11 debtor-in-possession ("DIP") to assume, assume and assign, or reject executory contracts and unexpired leases is an important tool designed to promote a "fresh start" for debtors and to maximize the value of the bankruptcy estate for the benefit of all stakeholders. Bankruptcy courts generally apply a deferential "business judgment" standard to the decision of a trustee or DIP to assume or reject an executory contract or an unexpired lease. In In re J.C. Penney Direct Marketing Services, L.L.C. , 50 F.4th 532 (5th Cir. 2022), the U.S. Court of Appeals for the Fifth Circuit affirmed lower court rulings approving a DIP’s decision, at the behest of the purchaser of its assets, to reject a commercial ground lease, even though an agent retained by the DIP to market its shopping center leases acted in bad faith in negotiations with a sublessee intent upon acquiring the ground lessor’s interest. In so ruling, the Fifth Circuit rejected the sublessee’s argument that the DIP’s decision to reject the lease should not receive deference under the business judgment standard due to the agent’s bad faith. According to the Fifth Circuit, in the absence of evidence […]

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To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video This is a modal window. No compatible source was found for this media. More from this show Winnie Byanyima Symbolbild IT-Systeme About the show DW’s Business News offers a global perspective of the most important economic events of the day in 13 minutes. Informative reports and up-to-date assessments by our correspondents guide our viewers through the constant flow of information. Compelling stories show the human being behind businesses and the economy. DW’s Top Story More stories from DW Africa Germany Go to homepage

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