Breaks Categories: News

MondayFeb 10, 2025 10:50 am

NetworkNewsBreaks – Meta Platforms Inc. (NASDAQ: META) to Cut Workforce While Accelerating AI Hiring

Meta Platforms (NASDAQ: META) the parent company of Facebook, is set to begin company-wide layoffs on Feb. 10, 2025, while fast-tracking the recruitment of machine learning engineers, according to internal memos cited by Reuters. The cuts, which aim to eliminate the bottom 5% of employees, could impact around 3,600 positions from Meta’s 72,000-strong workforce as of September 2024. While layoffs will affect most countries, employees in Germany, France, Italy, and the Netherlands will be exempt due to local regulations. Despite the reductions, Meta is prioritizing investments in artificial intelligence, allocating billions of dollars to AI-related infrastructure. As of Feb. 10,…

Continue Reading

MondayFeb 10, 2025 10:05 am

NetworkNewsBreaks – SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) to Release Q2 Financial Results, Host Business Update Webinar

Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) will release its financial results for the second quarter ended Dec. 31, 2024, after market close on Feb. 14, 2025. The company will host a webinar on Feb. 18, 2025, to provide a business update and discuss the results, following the Nasdaq market holiday on Feb. 17. To view the full press release, visit https://ibn.fm/C7AVa About SolarBank Corporation SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA . The Company develops solar, Battery Energy Storage System (BESS)…

Continue Reading

MondayFeb 10, 2025 9:25 am

NetworkNewsBreaks – NVIDIA Corp. (NASDAQ: NVDA) Stock Rebounds Amid AI Investments and TSMC’s Growth

NVIDIA (NASDAQ: NVDA) stock is recovering from a recent downturn caused by competition from China's DeepSeek. The rebound is supported by significant capital expenditure commitments from tech giants like Amazon, Google, Microsoft, and Meta Platforms, focusing on AI infrastructure. Additionally, a French project led by FluidStack plans to build a nuclear-powered AI computing facility, potentially housing a substantial number of Nvidia chips. Nvidia's key supplier, Taiwan Semiconductor Manufacturing (NYSE: TSM), reported a 36% year-over-year revenue increase for January, despite anticipating lower first-quarter revenue due to recent earthquake-related production disruptions. TSMC aims to double its advanced chip-packaging capacity by 2025, essential…

Continue Reading

MondayFeb 10, 2025 9:05 am

NetworkNewsBreaks – Brera Holdings PLC (NASDAQ: BREA) Receives Nasdaq Notice for Annual Meeting Noncompliance

Brera Holdings (NASDAQ: BREA) announced it received a formal notice from Nasdaq on Feb. 3, 2025, indicating noncompliance with Nasdaq Listing Rule 5620(a) for failing to hold an annual meeting of shareholders within 12 months of the fiscal year ended Dec. 31, 2023. Under Nasdaq Listing Rule 5810(c)(2)(G), the company has until March 20, 2025, to submit a compliance plan, with a potential extension through June 30, 2025. Brera Holdings plans to hold its annual meeting in March 2025. To view the full press release, visit https://nnw.fm/WKlY1 About Brera Holdings PLC Brera Holdings PLC is focused on expanding its social…

Continue Reading

MondayFeb 10, 2025 8:30 am

NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Launches ‘Quantum Realized’ Brand Campaign

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing, has launched Quantum Realized, an integrated brand campaign highlighting the commercial viability of its technology. The campaign kicked off with an open letter from CEO Dr. Alan Baratz in The Wall Street Journal, where he outlined benchmarks for evaluating quantum companies including processor performance, system availability and commercial usage. D-Wave believes that it meets all criteria. The ongoing branding initiative will span digital and print advertising, key events, and sponsorship of the International Year of Quantum Science and Technology. To view the full press release, visit https://nnw.fm/JDbog About D-Wave…

Continue Reading

FridayFeb 07, 2025 3:10 pm

NetworkNewsBreaks – Upstream Unveils Vision for Tokenizing Traditional Assets

Upstream published a blog today that explores whether the world is ready to tokenize traditional assets in 2025 and the ability of blockchain technology and tokenization to address key inefficiencies in traditional finance. By offering direct, peer-to-peer access to an exchange, Upstream eliminates intermediaries, providing greater control, security and efficiency for investors to manage their assets. Blockchain-powered trading on Upstream enables real-time execution, reducing settlement periods while allowing for 24/7 global trading. Blockchain technology also enables consolidation of fragmented asset classes, making it easier to access different asset types, such as tokenized securities, commodities and real-world assets, all on a…

Continue Reading

FridayFeb 07, 2025 12:55 pm

NetworkNewsBreaks – Pinterest Inc. (NYSE: PINS) Surges After Record-Breaking Quarter

Pinterest (NYSE:PINS) reported its first-ever billion-dollar revenue quarter, achieving $1.15 billion in Q4 2024, an 18% increase year-over-year. The platform's global monthly active users grew by 11% to reach 553 million. CEO Bill Ready highlighted the platform's increasing engagement and effectiveness for both users and advertisers. As of Feb. 7, 2025, Pinterest's stock is trading at $39.51, up 17.6% from the previous close, with an intraday high of $41.24. To view the full article, visit https://nnw.fm/KlIug About Pinterest Pinterest is a visual discovery engine that enables users to find inspiration for various aspects of their lives, including recipes, home decor,…

Continue Reading

FridayFeb 07, 2025 11:45 am

NetworkNewsBreaks – Berkshire Hathaway Inc. (NYSE: BRK.A) Holds Two-Thirds of $297 Billion Portfolio in Five Stocks

Berkshire Hathaway (NYSE: BRK.A) has concentrated roughly two-thirds of its $297 billion investment portfolio in five key stocks: Apple Inc. (NASDAQ: AAPL), Bank of America Corp. (NYSE: BAC), The Coca-Cola Company (NYSE: KO), American Express Co. (NYSE: AXP), and Chevron Corp. (NYSE: CVX). This strategic allocation reflects CEO Warren Buffett’s confidence in these companies’ long-term growth potential. As of Feb. 7, 2025, the current trading prices for these stocks are: Apple Inc. (NASDAQ: AAPL): $230.33, down $2.89 (-1.24%) Bank of America Corp. (NYSE: BAC): $47.77, up $0.03 (0.05%) The Coca-Cola Company (NYSE: KO): $63.71, up $0.35 (0.55%) American Express Co.…

Continue Reading

FridayFeb 07, 2025 11:31 am

NetworkNewsBreaks – Golden Triangle Ventures Inc. (OTC: GTVH) Unveils Destino Ranch as Tech-Driven Global Event Hub

Golden Triangle Ventures (OTC: GTVH) (“GTV”) has announced Destino Ranch, a 70-acre entertainment venue in Arizona, as a premier destination for concerts, festivals, and corporate events. The venue integrates advanced technology, including AI-driven consumer engagement, real-time language interpretation across 90+ languages, blockchain-based NFT ticketing, and omnichannel digital distribution. Destino Ranch aims to redefine event sponsorship and audience interaction through immersive digital experiences and high-value brand integrations. GTV is in discussions with major festival organizers and corporate partners for multi-year collaborations, with further updates expected in the coming months. To view the full press release, visit https://nnw.fm/aeFdQ About Golden Triangle Ventures Inc. Golden…

Continue Reading

FridayFeb 07, 2025 11:02 am

NetworkNewsBreaks – Amazon.com Inc. (NASDAQ: AMZN) Faces Key Test as AI Spending Reshapes Cloud Market

Amazon.com (NASDAQ: AMZN) is under pressure to meet high expectations for its cloud computing division, Amazon Web Services (AWS), as it prepares to release its fourth-quarter results. This comes after competitors Microsoft and Google reported slower cloud growth due to substantial AI investment costs. AWS, the leading cloud service provider, is anticipated to report a 19.3% revenue increase, marking its strongest growth in eight quarters. Analysts suggest that AWS's focus on cost-effective AI technology and reduced reliance on expensive large-language models may position it favorably compared to its rivals. As of the latest trading session, Amazon's stock is priced at…

Continue Reading