Author: Press Room

Google announced its new CPU, named Axion, on Tuesday. It’s following Amazon Web Services and Microsoft Azure in creating custom Arm-based processors.The move is another step forward in Google’s development of new computing resources. Axion is set to be available for Cloud services later this year. Google says Axion will improve performance for “general-purpose workloads,” such as open-source databases, web and app servers, in-memory caches, data-analytics engines, media processing, and artificial-intelligence training. Google says the new Axion chips will deliver 30% better performance than the current fastest general-purpose Arm-based chips in the cloud. It says it will also improve performance…

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Gladstone Investment (NASDAQ:NASDAQ:GAIN) has been one of my favorite BDCs since late December last year, when I did a more thorough assessment of its fundamentals, determining that the risk and return profile was attractive enough to go long. The motivation behind recommending a buy for GAIN came from the following aspects: One of the lowest leverage levels in the BDC sector. Notable exposure towards preferred shares, which not only generate stable cash flows, but also offer an enhanced upside potential in the scenario of falling interest rates. The focus on cash-flowing companies that have already established their operations in relatively…

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Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseWashington’s G7 allies are warming to a US plan to rush tens of billions of dollars in funding to Ukraine before Donald Trump’s potential return to the White House.Under the plan, set to be discussed at a June summit, Kyiv would receive money upfront from a G7 loan. The loan would be backed by future profits generated from around $350bn of Russian assets which have been immobilised in the west in response to Moscow’s full-scale invasion of Ukraine.Some G7…

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Many assume they will be free of health insurance premiums once they reach Medicare age. Others think that everyone pays the same Medicare premiums for the same coverage. Unfortunately, many retirees are shocked to find out that their Medicare premiums are tied to their income in retirement. Knowing this could lead many people to make different retirement-planning choices leading up to becoming eligible for Medicare. You might think that you will no longer have an income once you stop working. However, your Medicare Part B premiums are based on your household income. There is a two-year look-back period, and what…

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More frequent flooding is leaving lasting damage, even as neighborhoods rebuild. Certain areas of the country are being deemed “Climate Abandonment Areas.” These areas are losing a large percentage of their population entirely due to climate change, specifically flooding, according to a First Street report.   Climate Abandonment Areas include 818,000 U.S. Census blocks. Over 3.2 million people have moved away from these areas between 2000 and 2020 due to flooding damage. “There appears to be clear winners and losers in regard to the impact of flood risk on neighborhood level population change,” Dr. Jeremy Porter, the head of climate implications…

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A father who sacrificed his savings and his health to pay for his son to graduate from college debt-free said he feels “marginalized” amid the growing push for student loan forgiveness.  “I think we should pay our debts,” Daniel French, a Petco store manager, told Fox News Digital. “The debt I paid was with my body, and I sacrificed my retirement.””I have to work an extra 10 years just so I can get my retirement savings back up so that I can personally retire,” he continued. “So I don’t think my tax money and my hard work should go to…

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The Biden Administration has been trying to create laws and rules that would limit “junk fees” charged by credit card companies and other companies with consumer fees. One of those rules would limit credit card companies from charging late fees. The rule would drop the average credit card late fee from $32 to $8. Recently, however, a federal judge in Texas blocked this rule.U.S. District Judge Mark T. Pittman, who was appointed by former President Donald Trump, paused the rule in response to business and banking organizations stating the rule violated certain federal statutes. Among those upset with the rule…

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A recent Social Security report showed a strong economy has helped the program.Still, Social Security’s trust funds may be depleted in the next decade, if no changes happen sooner.Many Americans have a misplaced worry that benefits will disappear.”The biggest myth about Social Security is that when the trust fund runs out, the program is just going away,” said Emerson Sprick, associate director of the economic policy program at the Bipartisan Policy Center.Even if Social Security’s trust funds are depleted, the program will still have revenue from payroll taxes. Benefits will still go out, though they may be reduced.Nevertheless, 75% of…

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The trick to getting ahead at work isn’t being the fastest learner or the smartest in the room — it’s having a positive attitude, says Amazon CEO Andy Jassy.Jassy, who took the top job at Amazon after Jeff Bezos stepped down in 2021, shared his “best career advice” in a new interview with LinkedIn CEO Ryan Roslansky. “I think an embarrassing amount of how well you do, particularly in your 20s, has to do with attitude,” Jassy, 56, said. It’s not just about being cheerful, he explained. Having a positive attitude means you work well on a team and honor deadlines, among…

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