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New York Emerging Technology Advisory Board Publishes First Report Outlining Vision to Elevate Leadership in AIcan be great options for income-seeking investors. Term deposits still offer a good level of income, but some stocks can provide a really high . There seems to be a that high-yield dividend plays more appealing. Investors have already sent higher share prices of some interest rate-sensitive ASX dividend shares, such as ( ) and ( ), in anticipation of rate cuts. There aren't many stocks on the ASX still offering a big yield – the ones that do are typically higher-risk. But, having said that, if I were trying to find stocks with big dividend yields, the below two would be at the top of my buy list, partly due to their low prices. APA Group ( ) APA is one of the largest energy businesses in Australia, with a of $9 billion, according to the ASX. The business owns a portfolio of energy assets, including a large national gas pipeline, gas processing facilities, gas energy generation, solar farms, wind farms, and electricity transmission assets. Impressively, it transports half of the nation's gas usage. The APA share price is down 18% in the last 12 months and 40% from August 2022, which means it's currently a lot cheaper. APA's energy assets are still doing the same job they were two years ago and making . Energy is just as important as it was two years ago. t of its revenue is linked to inflation also helps. The ASX dividend share recently noted the that the South West Queensland Pipeline (SWQP) will not be subject to full price regulation and that the existing light regulation regime will remain in place. This helps remove some uncertainty that was hanging over the business and gives APA confidence to invest in more infrastructure. APA has grown its distribution every year for the last two decades. The guided payout for FY25 is 57 cents, which translates into a distribution yield of 8%. Centuria Office REIT ( ) As the name suggests, this is a that owns office buildings. The Centuria Office REIT share price has dropped 18% in the last year and 57% since September 2021. It now seems very cheap to me. Office buildings are not exactly a high-growth sector, but I think there are signs to be positive. For starters, more businesses are mandating partial or total returns to the office, such as ( ) recently 5,000 office workers they will need to go to the workplace at least three days a week. The ASX dividend share continues to sign new lease terms, which is maintaining its occupancy rate above 90%. There is a limited supply of new office buildings being built, partly due to high development costs, which helps support demand for existing office buildings. I also like the initiative of the business to work with ResetData, a liquid immersion cooling (LIC) data centre operator which is building a 1.5MW edge data centre. This helps utilise office building space, improve rental returns and increase the underlying value of that building. If it can agree on more data centre deals, this could be a catalyst for the share price to rise. The business has guided that it's going to pay a distribution per security of 10.1 cents in FY25, which translates into a distribution yield of 9%.
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King and PM honour former US president Jimmy Carter after his death aged 100The report builds on Governor Kathy Hochul's efforts to advance New York's global reputation as the place where businesses come to grow, innovate, and create the future of emerging technologies. NEW YORK , Dec. 12, 2024 /PRNewswire/ -- (NYSE: IBM ) – The Emerging Technology Advisory Board (ETAB) today released its first report to elevate New York as an AI leader. The report provided recommendations to bolster the State's commitment to responsible development and implementation of AI. First introduced by Governor Kathy Hochul in June 2024 , the ETAB was established as an independent advisory board to chart the course for a thriving emerging technology ecosystem in New York State . The Advisory Board is co-chaired by IBM Chief Executive Officer Arvind Krishna and Girls Who Code Chief Executive Officer Dr. Tarika Barrett and is comprised of leaders from the private sector and nonprofit and foundation organizations. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
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Johnson's 25 lead FGCU past Florida Tech 79-62The heated debate over H-1B visa workers obscures the far greater inflows of other foreign workers into the white-collar jobs needed by American college graduates. The federal government issues about 130,000 new H-1B visas each year — plus another 650,000 visas or work permits to other white-collar migrants each year. Many of these non-immigrant workers are allowed to stay for five, six, or seven years. The multi-year visas create a resident population of at least 1.5 million white-collar workers. That growing population is almost twenty times larger than the H-1B program’s inflow of 85,000 new foreign workers every year that the media is focusing on. “For decades, this has been out of control,” said Kevin Lynn, the founder of U.S. Tech Workers, which campaigns against the visa worker programs. The huge giveaway annually delivers roughly two foreign workers for every American who graduates from a four-year college with a skilled degree in science, software, computers, business, healthcare, or engineering . The programs also deliver two foreign workers into the career-starting jobs needed by every young American who graduates with a four-year degree in “STEM,” or science, technology, engineering, and math. The migrants are not legal immigrants. They are government-approved contract workers or just-graduated foreign students, and their vulnerable legal status allows employers to treat them badly and undercut pay for American graduates. “There are about a million work-visa issuances a year ... it’s gone up about 25 percent in recent years,” said Jessica Vaughan, policy director at the Center for Immigration Studies. The programs’ complexity and lack of transparency are intended to help employers smuggle more white-collar workers into American jobs, Vaughan said. President Joe Biden’s deputies are trying to raise the visa-worker inflow. On December 17, the Department of Homeland Security announced : The Department of Homeland Security (DHS) announced a final rule that will significantly enhance U.S. companies’ ability to fill job vacancies [with H-1B workers] ... “American businesses rely on the H-1B visa program for the recruitment of highly-skilled talent, benefitting communities across the country,” said Secretary of Homeland Security Alejandro N. Mayorkas. “These improvements to the program provide employers with greater flexibility to hire global talent, boost our economic competitiveness, and allow highly skilled workers to continue to advance American innovation.” Population Numbers The federal government allows employers to import roughly 450,000 visa workers for the blue-collar H-2A and H-2B workers, and perhaps 150,000 pink-collar visa workers via the J-1 program. But the white-collar inflow is larger. The H-1B program is getting much attention, partly because Elon Musk, Vivek Ramaswamy, and other West Coast investors triggered a heated Twitter debate with President Donald Trump’s voter base. But the H-1B program is just one of many government pipelines that deliver foreign college graduates into the valuable U.S. careers needed by the American middle class. Each year, the H-1B program delivers roughly 130,000 new workers, including 85,000 workers for private companies. They can stay for six years or longer. “The resident population of people with H-1Bs is [roughly] 600,000,” Vaughan told Breitbart News. There is no requirement to offer the H-1B jobs to Americans. Also, there is no limit on the inflow of H-1B workers for non-profits. That loophole has created a new style of non-profit staffing organization that transfers college graduates into private sector jobs . More than half of the H-1Bs are from India, where the government pressures American companies to hire Indian graduates, even though they are rooted in a culture where workplace corruption and bribes are common . Deputies working for President Barack Obama also allowed the spouses of H-1Bs to get work permits, dubbed H4EADs . Many now work in jobs alongside their spouses, adding at least 100,000 more white-collar visa workers to the U.S. labor market. The little-known L-1 visa program allows foreign companies to move their employees into the United States for five to 7 years. In 2022, the Department of State approved 73,000 new L-1s, so the resident white-collar L-1 population is roughly 200,000 white-collar workers. The spouses of L-1 workers are also allowed to work, adding another 40,000 workers to the workforce, according to a 2017 report by the left-wing Economic Policy Institute . Many of the H-1B and L-1 workers are allowed to stay past their visa expiry date if their employers offer them the deferred bonus of a government-provided green card. This bonus has created a population of roughly 600,000 Indian workers who are working while waiting for a green card . This population includes many L-1s and H-1Bs, complicating the population count. The State Department’s J-1 program delivers about 90,000 white-collar workers via multiple categories, such as “short-term scholars, “research scholars,” and professors, who are allowed to stay up to five or even seven years. Government agencies do not reveal the resident population of J-1s, but 300,000 white-collar employees is a reasonable estimate. The 0-1A so-called “genius visa” program is now delivering at least 9,000 white-collar workers per year, up from 6,500 in 2019 . This program is uncapped, like the L-1, TN, and H-1B programs. This visa lasts for three years, so the resident 0-1A population is roughly 25,000. The TN program allows professionals and recent graduates in Canada and Mexico to get jobs in the United States via the TN visa created by trade treaties. Government officials have said they do not count TN migrants entering the United States from Canada. Vaughan said she estimates the resident TN population to be roughly 120,000 foreign graduates. The OPT and CPT programs were created for foreign students at American universities. These programs deliver the most new workers each year — but they can only stay for one or three years. Almost 340,000 students and graduates got work permits in 2023, suggesting the resident population is roughly 400,000, most of whom work in technology-related jobs. The OPT — Optional Practical Training — and the CPT — Curricular Practical Training — programs were not created by Congress but by officials working for President George W. Bush. The CPT and OPT programs are touted as study programs, but the OPT program is a pipeline for foreigners to get green cards via employers and the H-1B program. These pipelines often run through ethnic hiring networks at Fortune 500 companies or their vast network of “software sweatshops” that implement outsourcing policies at nearly all major U.S. companies. Many of the OPT and CPT workers fail to get into the H-1B programs and so join the growing population of “ overstay ” illegal white-collar migrants, many of whom work alongside their legal compatriots as software subcontractors. This illegal white-collar foreign workforce is also boosted by a growing population of airport migrants. They legally enter the country as tourists or “business visitors,” dubbed B-1/B-2 visas . But they illegally work as freelancers and contractors, usually within ethnic networks of legal migrants. The federal government has done little to suppress or count this population. There has been no cap on the number of white-collar illegal migrants during Biden’s administration, in part because his pro-migration border chief — Alejandro Mayorkas — enforced a policy of no arrests for migrants who were not found guilty of major crimes. In addition, Mayorkas has imported roughly one million migrants through his quasi-legal “parole pipelines.” This inflow includes many white-collar workers — but their unrecognized credentials exclude them from licensed professions. Vaughan suggested these various pipelines have delivered 3 million illegal white-collar workers into the U.S. labor force, alongside the legal population of 1.5 million visa workers. Lynn estimated the illegal white-collar population at roughly 1.5 million, alongside 1.5 million legal migrants. In December, Mayrokas announced he would loosen the J-1 program to help migrants from China and India stay in J-1 white-collar jobs for longer than two years . Mayorkas’ deputies also announced changes to the H-1B program to help American companies import more white-collar workers. The new rules allow more companies to be treated as non-profits so they can import an unlimited number of “cap-exempt” H-1B workers for jobs that are sought by Americans. The rule states : Specifically, through this rulemaking, DHS is changing the definition of “nonprofit research organization” and “governmental research organization” by replacing the terms “primarily engaged” and “primary mission” with “fundamental activity” to permit nonprofit entities or governmental research organizations that conduct research as a fundamental activity, but are not primarily engaged in research or where research is not a primary mission, to meet the definition of a nonprofit research entity or governmental research organization for purposes of establishing exemption from the annual statutory limit on H-1B visas. Additionally, DHS is revising the regulations to recognize that certain beneficiaries may qualify for H-1B cap exemption when they are not directly employed by a qualifying organization, but still spend at least half of their time providing essential work that supports or advances a fundamental purpose, mission, objective, or function of the qualifying organization. Meanwhile, huge numbers of American professionals are being laid off, according to a December report by Forbes : Professional and business services, encompassing roles like accountants, consultants, and legal workers, have faced significant layoffs in 2024. These roles accounted for 3.7 million of the nearly 14.9 million layoffs nationwide through the year’s first nine months, according to the U.S. Bureau of Labor Statistics.PLAINS, Ga. (AP) — Newly married and sworn as a Naval officer, Jimmy Carter left his tiny hometown in 1946 hoping to climb the ranks and see the world. Less than a decade later, the death of his father and namesake, a merchant farmer and local politician who went by “Mr. Earl,” prompted the submariner and his wife, Rosalynn, to return to the rural life of Plains, Georgia, they thought they’d escaped. The lieutenant never would be an admiral. Instead, he became commander in chief. Years after his presidency ended in humbling defeat, he would add a Nobel Peace Prize, awarded not for his White House accomplishments but “for his decades of untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.” The life of James Earl Carter Jr., the 39th and longest-lived U.S. president, ended Sunday at the age of 100 where it began: Plains, the town of 600 that fueled his political rise, welcomed him after his fall and sustained him during 40 years of service that redefined what it means to be a former president. With the stubborn confidence of an engineer and an optimism rooted in his Baptist faith, Carter described his motivations in politics and beyond in the same way: an almost missionary zeal to solve problems and improve lives. Carter was raised amid racism, abject poverty and hard rural living — realities that shaped both his deliberate politics and emphasis on human rights. “He always felt a responsibility to help people,” said Jill Stuckey, a longtime friend of Carter's in Plains. “And when he couldn’t make change wherever he was, he decided he had to go higher.” Carter's path, a mix of happenstance and calculation , pitted moral imperatives against political pragmatism; and it defied typical labels of American politics, especially caricatures of one-term presidents as failures. “We shouldn’t judge presidents by how popular they are in their day. That's a very narrow way of assessing them," Carter biographer Jonathan Alter told the Associated Press. “We should judge them by how they changed the country and the world for the better. On that score, Jimmy Carter is not in the first rank of American presidents, but he stands up quite well.” Later in life, Carter conceded that many Americans, even those too young to remember his tenure, judged him ineffective for failing to contain inflation or interest rates, end the energy crisis or quickly bring home American hostages in Iran. He gained admirers instead for his work at The Carter Center — advocating globally for public health, human rights and democracy since 1982 — and the decades he and Rosalynn wore hardhats and swung hammers with Habitat for Humanity. Yet the common view that he was better after the Oval Office than in it annoyed Carter, and his allies relished him living long enough to see historians reassess his presidency. “He doesn’t quite fit in today’s terms” of a left-right, red-blue scoreboard, said U.S. Transportation Secretary Pete Buttigieg, who visited the former president multiple times during his own White House bid. At various points in his political career, Carter labeled himself “progressive” or “conservative” — sometimes both at once. His most ambitious health care bill failed — perhaps one of his biggest legislative disappointments — because it didn’t go far enough to suit liberals. Republicans, especially after his 1980 defeat, cast him as a left-wing cartoon. It would be easiest to classify Carter as a centrist, Buttigieg said, “but there’s also something radical about the depth of his commitment to looking after those who are left out of society and out of the economy.” Indeed, Carter’s legacy is stitched with complexities, contradictions and evolutions — personal and political. The self-styled peacemaker was a war-trained Naval Academy graduate who promised Democratic challenger Ted Kennedy that he’d “kick his ass.” But he campaigned with a call to treat everyone with “respect and compassion and with love.” Carter vowed to restore America’s virtue after the shame of Vietnam and Watergate, and his technocratic, good-government approach didn't suit Republicans who tagged government itself as the problem. It also sometimes put Carter at odds with fellow Democrats. The result still was a notable legislative record, with wins on the environment, education, and mental health care. He dramatically expanded federally protected lands, began deregulating air travel, railroads and trucking, and he put human rights at the center of U.S. foreign policy. As a fiscal hawk, Carter added a relative pittance to the national debt, unlike successors from both parties. Carter nonetheless struggled to make his achievements resonate with the electorate he charmed in 1976. Quoting Bob Dylan and grinning enthusiastically, he had promised voters he would “never tell a lie.” Once in Washington, though, he led like a joyless engineer, insisting his ideas would become reality and he'd be rewarded politically if only he could convince enough people with facts and logic. This served him well at Camp David, where he brokered peace between Israel’s Menachem Begin and Epypt’s Anwar Sadat, an experience that later sparked the idea of The Carter Center in Atlanta. Carter's tenacity helped the center grow to a global force that monitored elections across five continents, enabled his freelance diplomacy and sent public health experts across the developing world. The center’s wins were personal for Carter, who hoped to outlive the last Guinea worm parasite, and nearly did. As president, though, the approach fell short when he urged consumers beleaguered by energy costs to turn down their thermostats. Or when he tried to be the nation’s cheerleader, beseeching Americans to overcome a collective “crisis of confidence.” Republican Ronald Reagan exploited Carter's lecturing tone with a belittling quip in their lone 1980 debate. “There you go again,” the former Hollywood actor said in response to a wonky answer from the sitting president. “The Great Communicator” outpaced Carter in all but six states. Carter later suggested he “tried to do too much, too soon” and mused that he was incompatible with Washington culture: media figures, lobbyists and Georgetown social elites who looked down on the Georgians and their inner circle as “country come to town.” Carter carefully navigated divides on race and class on his way to the Oval Office. Born Oct. 1, 1924 , Carter was raised in the mostly Black community of Archery, just outside Plains, by a progressive mother and white supremacist father. Their home had no running water or electricity but the future president still grew up with the relative advantages of a locally prominent, land-owning family in a system of Jim Crow segregation. He wrote of President Franklin Roosevelt’s towering presence and his family’s Democratic Party roots, but his father soured on FDR, and Jimmy Carter never campaigned or governed as a New Deal liberal. He offered himself as a small-town peanut farmer with an understated style, carrying his own luggage, bunking with supporters during his first presidential campaign and always using his nickname. And he began his political career in a whites-only Democratic Party. As private citizens, he and Rosalynn supported integration as early as the 1950s and believed it inevitable. Carter refused to join the White Citizens Council in Plains and spoke out in his Baptist church against denying Black people access to worship services. “This is not my house; this is not your house,” he said in a churchwide meeting, reminding fellow parishioners their sanctuary belonged to God. Yet as the appointed chairman of Sumter County schools he never pushed to desegregate, thinking it impractical after the Supreme Court’s 1954 Brown v. Board decision. And while presidential candidate Carter would hail the 1965 Voting Rights Act, signed by fellow Democrat Lyndon Johnson when Carter was a state senator, there is no record of Carter publicly supporting it at the time. Carter overcame a ballot-stuffing opponent to win his legislative seat, then lost the 1966 governor's race to an arch-segregationist. He won four years later by avoiding explicit mentions of race and campaigning to the right of his rival, who he mocked as “Cufflinks Carl” — the insult of an ascendant politician who never saw himself as part the establishment. Carter’s rural and small-town coalition in 1970 would match any victorious Republican electoral map in 2024. Once elected, though, Carter shocked his white conservative supporters — and landed on the cover of Time magazine — by declaring that “the time for racial discrimination is over.” Before making the jump to Washington, Carter befriended the family of slain civil rights leader Martin Luther King Jr., whom he’d never sought out as he eyed the governor’s office. Carter lamented his foot-dragging on school integration as a “mistake.” But he also met, conspicuously, with Alabama's segregationist Gov. George Wallace to accept his primary rival's endorsement ahead of the 1976 Democratic convention. “He very shrewdly took advantage of his own Southerness,” said Amber Roessner, a University of Tennessee professor and expert on Carter’s campaigns. A coalition of Black voters and white moderate Democrats ultimately made Carter the last Democratic presidential nominee to sweep the Deep South. Then, just as he did in Georgia, he used his power in office to appoint more non-whites than all his predecessors had, combined. He once acknowledged “the secret shame” of white Americans who didn’t fight segregation. But he also told Alter that doing more would have sacrificed his political viability – and thus everything he accomplished in office and after. King's daughter, Bernice King, described Carter as wisely “strategic” in winning higher offices to enact change. “He was a leader of conscience,” she said in an interview. Rosalynn Carter, who died on Nov. 19 at the age of 96, was identified by both husband and wife as the “more political” of the pair; she sat in on Cabinet meetings and urged him to postpone certain priorities, like pressing the Senate to relinquish control of the Panama Canal. “Let that go until the second term,” she would sometimes say. The president, recalled her former aide Kathy Cade, retorted that he was “going to do what’s right” even if “it might cut short the time I have.” Rosalynn held firm, Cade said: “She’d remind him you have to win to govern.” Carter also was the first president to appoint multiple women as Cabinet officers. Yet by his own telling, his career sprouted from chauvinism in the Carters' early marriage: He did not consult Rosalynn when deciding to move back to Plains in 1953 or before launching his state Senate bid a decade later. Many years later, he called it “inconceivable” that he didn’t confer with the woman he described as his “full partner,” at home, in government and at The Carter Center. “We developed a partnership when we were working in the farm supply business, and it continued when Jimmy got involved in politics,” Rosalynn Carter told AP in 2021. So deep was their trust that when Carter remained tethered to the White House in 1980 as 52 Americans were held hostage in Tehran, it was Rosalynn who campaigned on her husband’s behalf. “I just loved it,” she said, despite the bitterness of defeat. Fair or not, the label of a disastrous presidency had leading Democrats keep their distance, at least publicly, for many years, but Carter managed to remain relevant, writing books and weighing in on societal challenges. He lamented widening wealth gaps and the influence of money in politics. He voted for democratic socialist Bernie Sanders over Hillary Clinton in 2016, and later declared that America had devolved from fully functioning democracy to “oligarchy.” Yet looking ahead to 2020, with Sanders running again, Carter warned Democrats not to “move to a very liberal program,” lest they help re-elect President Donald Trump. Carter scolded the Republican for his serial lies and threats to democracy, and chided the U.S. establishment for misunderstanding Trump’s populist appeal. He delighted in yearly convocations with Emory University freshmen, often asking them to guess how much he’d raised in his two general election campaigns. “Zero,” he’d gesture with a smile, explaining the public financing system candidates now avoid so they can raise billions. Carter still remained quite practical in partnering with wealthy corporations and foundations to advance Carter Center programs. Carter recognized that economic woes and the Iran crisis doomed his presidency, but offered no apologies for appointing Paul Volcker as the Federal Reserve chairman whose interest rate hikes would not curb inflation until Reagan's presidency. He was proud of getting all the hostages home without starting a shooting war, even though Tehran would not free them until Reagan's Inauguration Day. “Carter didn’t look at it” as a failure, Alter emphasized. “He said, ‘They came home safely.’ And that’s what he wanted.” Well into their 90s, the Carters greeted visitors at Plains’ Maranatha Baptist Church, where he taught Sunday School and where he will have his last funeral before being buried on family property alongside Rosalynn . Carter, who made the congregation’s collection plates in his woodworking shop, still garnered headlines there, calling for women’s rights within religious institutions, many of which, he said, “subjugate” women in church and society. Carter was not one to dwell on regrets. “I am at peace with the accomplishments, regret the unrealized goals and utilize my former political position to enhance everything we do,” he wrote around his 90th birthday. The politician who had supposedly hated Washington politics also enjoyed hosting Democratic presidential contenders as public pilgrimages to Plains became advantageous again. Carter sat with Buttigieg for the final time March 1, 2020, hours before the Indiana mayor ended his campaign and endorsed eventual winner Joe Biden. “He asked me how I thought the campaign was going,” Buttigieg said, recalling that Carter flashed his signature grin and nodded along as the young candidate, born a year after Carter left office, “put the best face” on the walloping he endured the day before in South Carolina. Never breaking his smile, the 95-year-old host fired back, “I think you ought to drop out.” “So matter of fact,” Buttigieg said with a laugh. “It was somehow encouraging.” Carter had lived enough, won plenty and lost enough to take the long view. “He talked a lot about coming from nowhere,” Buttigieg said, not just to attain the presidency but to leverage “all of the instruments you have in life” and “make the world more peaceful.” In his farewell address as president, Carter said as much to the country that had embraced and rejected him. “The struggle for human rights overrides all differences of color, nation or language,” he declared. “Those who hunger for freedom, who thirst for human dignity and who suffer for the sake of justice — they are the patriots of this cause.” Carter pledged to remain engaged with and for them as he returned “home to the South where I was born and raised,” home to Plains, where that young lieutenant had indeed become “a fellow citizen of the world.” —- Bill Barrow, based in Atlanta, has covered national politics including multiple presidential campaigns for the AP since 2012.
NEW YORK and LONDON , Dec. 12, 2024 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") today announced that it has priced an underwritten public offering of 1,200,000 shares of its 8.00% Series A Preferred Stock Due 2029 (the "Preferred Shares") at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $28.8 million after payment of underwriting discounts and estimated offering expenses payable by the Company. The Preferred Shares are rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 180,000 Preferred Shares pursuant to the same terms and conditions. The offering is expected to close on December 18, 2024 , subject to customary closing conditions. The Company intends to list the Preferred Shares on the New York Stock Exchange within 30 days of the original issue date under the symbol "PDPA." Lucid Capital Markets, LLC ("Lucid"), B. Riley Securities, Inc. and Kingswood Capital Partners, LLC are acting as joint book-running managers and InspereX LLC and Janney Montgomery Scott LLC are acting as lead managers for the offering. Investors should consider the Company's investment objectives, risks, charges and expenses carefully before investing. The preliminary prospectus, which has been filed with the Securities and Exchange Commission ("SEC"), contains this and other information about the Company and should be read carefully before investing. The information in the preliminary prospectus and this press release is not complete and may be changed. The preliminary prospectus and this press release are not offers to sell these securities and are not soliciting an offer to buy these securities in any state where such offer or sale is not permitted. A registration statement relating to these securities is on file with and has been declared effective by the SEC. Copies of the preliminary prospectus (and the final prospectus, when available) may be obtained by writing to Lucid Capital Markets, LLC, 570 Lexington Avenue, New York, New York 10022, by calling Lucid toll-free at 646-362-0256 or by sending an e-mail to Lucid at prospectus@lucid.com . Copies also may be obtained on the SEC's website at www.sec.gov . Egan-Jones Ratings Company is a nationally recognized statistical rating organization (NRSRO). A security rating is not a recommendation to buy, sell or hold securities, and any such rating may be subject to revision or withdrawal at any time by the applicable rating agency. About Pearl Diver Credit Company Inc. Pearl Diver Credit Company Inc. (NYSE: PDCC) is an externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio's total return, with a secondary objective of generating high current income. The Company seeks to achieve these objectives by investing primarily in equity and junior debt tranches of CLOs collateralized by portfolios of sub-investment grade, senior secured floating-rate debt issued by a large number of distinct US companies across several industry sectors. The Company is externally managed by Pearl Diver Capital LLP. For more information, visit www.pearldivercreditcompany.com . Forward-Looking Statements This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company's other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE Investor Contact: Info@Pearldivercap.com UK: +44 (0)20 3967 8032 US: +1 617 872 0945 View original content to download multimedia: https://www.prnewswire.com/news-releases/pearl-diver-credit-company-inc-prices-offering-of-series-a-preferred-stock-302330836.html SOURCE Pearl Diver Credit Company Inc.
HOUSTON , Dec. 12, 2024 /PRNewswire/ -- Gravity Oilfield Services Inc. ("Gravity" or the "company"), a growth-oriented water and power infrastructure company backed by affiliates of Clearlake Capital Group, L.P. ("Clearlake"), announced today that it has agreed to sell its Gravity Water Midstream division to Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics"). Gravity Water Midstream provides gathering, transportation, recycling, storage, and disposal solutions for produced water in the Midland Basin in Texas and the Williston Basin in North Dakota . "The acquisition of Gravity Water Midstream by Delek Logistics creates a path to continue to build incredible scale in our water midstream platform in the Midland Basin," said Rob Rice , CEO of Gravity. "I am thankful to the employees of Gravity for their focus on service and dedication to building one of the largest commercial water management platforms in the Midland and Williston Basins. Building this water midstream platform would not be possible without the incredible support and partnership of Clearlake. I am excited to welcome in this new era for water management in the Midland and Williston Basins under the capable leadership of Delek Logistics." While Gravity is divesting its water midstream assets, the company will retain ownership and operation of its power infrastructure assets, continuing its commitment to providing critical power generation offerings. Clearlake and Gravity partnered in 2017 to pursue produced water midstream opportunities. Over the last several years, Gravity has focused on organically growing its water infrastructure business to support producers in the Midland and Williston basins, and its water business segment has quickly grown into one of the largest commercial operators of disposal wells in the Midland Basin. Gravity Water Midstream developed a system comprised of 200+ miles of permanent pipeline, 46 SWD facilities, and 14 fresh water facilities with over six million barrels of storage capacity, all of which form an extensive and interconnected network. "We valued the opportunity to partner with the Gravity team as they executed a vision to build a leading water midstream platform in the Midland and Williston Basins," said José E. Feliciano, Co-Founder and Managing Partner, and Colin Leonard, Partner and Managing Director, of Clearlake. "We'd like to thank Rob and the entire Gravity Water Midstream team for their hard work and commitment to growing the business organically over the last several years." Piper Sandler & Co served as exclusive financial advisor and Vinson & Elkins LLP served as legal counsel to Gravity in connection with the transaction. About Gravity Gravity is a growth-oriented provider of energy infrastructure services to U.S. onshore oil and natural gas exploration and production companies, providing water midstream solutions, critical power generation offerings and other production focused services. Gravity has significant coverage density in the Permian Basin and benefits from a national footprint supported by facilities, operations and management personnel in several other key domestic resource plays including the Bakken, Eagle Ford, SCOOP/STACK, DJ Basin, Haynesville and Marcellus, among others. More information is available at www.gvty.com . About Clearlake Capital Group Founded in 2006, Clearlake Capital Group, L.P. is an investment firm founded operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake's operational improvement approach, O.P.S. ® The firm's core target sectors are industrials, technology, and consumer. Clearlake has over $85 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland , Singapore , and Abu Dhabi , UAE. More information is available at www.clearlake.com and on X @Clearlake . Media Contacts: For Gravity Heather Heacock , (281) 640-3043 Marketing Communication Manager heather.heacock@gvty.com For Clearlake Jennifer Hurson , (845) 507-0571 Lambert jhurson@lambert.com View original content to download multimedia: https://www.prnewswire.com/news-releases/gravity-agrees-to-sell-water-midstream-business-to-delek-logistics-302330850.html SOURCE Gravity Oilfield Services Inc.; Clearlake Capital Group
SACRAMENTO, Calif. (AP) — Jacob Holt had 23 points in Sacramento State's 98-47 victory over Stanislaus State on Sunday. Holt also contributed five rebounds for the Hornets (3-9). Bailey Nunn scored 18 points while shooting 6 for 7, including 5 for 6 from beyond the arc. Chudi Dioramma had 14 points and finished 6 of 8 from the floor. The Hornets broke a five-game slide. Jason Cibull led the way for the Warriors with 17 points. Stanislaus State also got 10 points from Cam Walker. ___ The Associated Press created this story using technology provided by and data from . The Associated PressSupply & Demand Chain Executive and Food Logistics Recognize Reveel's Shipping Intelligence Platform in the Category of Supply Chain Visibility IRVINE, Calif. , Dec. 16, 2024 /PRNewswire/ -- Reveel , the only Shipping IntelligenceTM Platform with Parcel Spend Management 2.0 (PSM 2.0) technology, today announced that Food Logistics , the only publication exclusively dedicated to covering the movement of product through the global cold food supply chain, and Supply & Demand Chain Executive , the only publication covering the entire global supply chain, have named Reveel as one of the winners of this year's Top Software & Tech award , which spotlights new-to-market software and technology solutions designed to provide automation, efficiency and visibility to the supply chain space. Reveel's Shipping Intelligence Platform leverages advanced analytics, modeling and simulation, statistical analysis, and real-time insights to transform complex shipping data into simple ways to save money. It empowers shippers to see through the unstructured data and litany of constantly changing rules – including annual changes on critical variables such as zones and service fees – that can dramatically impact what it costs to ship any one parcel. With Reveel, brands are able to identify opportunities for savings, work more effectively with carriers, easily compare contract proposals from multiple carriers, identify the most effective carrier service or product for shipments, and optimize their multi-carrier strategies by ensuring that volume thresholds and delivery expenses are closely monitored. "Since founding Reveel, we've made it our purpose to make it easier for customers to understand their shipping expenses and use that information to improve their bottom line," said Josh Dunham , co-founder and CEO of Reveel. "This prestigious industry award reflects how successful our team has been at engineering a platform that can positively impact our customer base - and grow with them as their expense management needs evolve." The publications reported that close to 43% of submissions pertained to supply chain visibility solutions, followed by WMS/TMS software (23%), warehouse automation (18%), procurement/ERP software (12%) and robotics at just 4% of the submissions. Fifty-five percent of the entries were enhancements to already existing solutions, while 45% were new-to-market technologies. Further, 58% of submissions came from small businesses, under $50 million , and 42% came from Enterprises, over $50 million . "Automation, sustainability, smart technology, supply chain optimization and risk management were the major themes of this year's new software and technology solutions. These new products and enhancements are upping the ante in modernizing how product moves through the chain, and I appreciate everything this year's winners do to ensure the safety, security and sustainability of our supply chains," added Marina Mayer , Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive . Please visit https://foodl.me/kmr2r068 for more on the award and the full list of winners. About Food Logistics and Supply & Demand Chain Executive Food Logistics reaches more than 26,000 supply chain executives in the global food and beverage industries, including executives in the food sector (growers, producers, manufacturers, wholesalers and grocers) and the logistics section (transportation, warehousing, distribution, software and technology) who share a mutual interest in the operations and business aspects of the global cold food supply chain. Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Food Logistics and Supply & Demand Chain Executive also operate SCN Summit and Women in Supply Chain Forum. Go to www.FoodLogistics.com and https://www.sdcexec.com/ . About IRONMARKETS IRONMARKETS , formerly known as AC Business Media , is a leading business-to-business media and buyer engagement platform with a portfolio of renowned brands in heavy construction, asphalt, concrete, paving, rental, sustainability, landscape, manufacturing, logistics, and supply chain markets. IRONMARKETS delivers relevant, cutting-edge content to its audiences through its industry-leading digital properties, trade shows, conferences, videos, magazines, webinars, and newsletters. It also provides advertisers the analytics, data, and ability to reach their target audience. Learn more at https://www.iron.markets . About Reveel Reveel is the leading Parcel Shipping IntelligenceTM platform, revolutionizing the way businesses manage their shipping expenses and navigate the complexities of modern logistics. Through its advanced Parcel Spend Management (PSM) 2.0 technology, the company empowers shippers with real-time visibility, actionable insights, and enhanced control over shipping costs and carrier performance. With over $8 billion in parcel spend under management, Reveel combines more than 17 years of agreement management expertise with cutting-edge, AI-driven solutions to foster a culture of innovation across the parcel shipping industry. From optimizing carrier contracts to automating complex processes and driving data-driven decisions, Reveel sets the standard for transparency and efficiency, while providing the flexibility and scalability needed for future growth. For more information, please visit the company's website and follow it on X , LinkedIn and Facebook . Media Contact: Jeff Drew Guyer Group for Reveel P: 617.233.5109 E: [email protected] SOURCE Reveel
Photo courtesy of Jingo SAN FRANCISCO, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Jingo, a new artificial intelligence (AI)-driven e-commerce marketplace , unveiled the launch of its anticipated referral program. This strategic initiative aims to accelerate user growth while rewarding loyal customers with substantial shopping credits. The program, running from December 6, 2024, to February 28, 2025, offers participants the chance to win significant prizes for successfully referring new users to the platform. The top referrer will receive an impressive $50,000 in shopping credits, while the second and third-place winners will be awarded $30,000 and $10,000 in credits, respectively. Jingo has garnered attention for its personalized shopping experiences, driven by innovative AI technology. The referral program represents a key milestone in the platform's journey toward transforming e-commerce. Rohan Bhanot, co-founder of Jingo, expressed enthusiasm about the program: " We are thrilled to launch this referral campaign as a way to thank our early adopters and encourage them to share the Jingo experience with friends and family. This program aligns perfectly with our goal to create a community-driven marketplace that understands and anticipates user needs." The platform has secured backing and investment from industry leaders with extensive experience at companies like Pinterest, Walmart, Minted, eBay, and other prominent technology and retail organizations. "We are so excited to have such an accomplished group of investors backing our goal. Their collective experience across technology, retail, and e-commerce will be invaluable as we work to change the online shopping experience," shares Ujjal Pathak, co-founder and chief executive officer (CEO) of Jingo. Program participation is straightforward: existing users share their unique referral code with potential new users. When referred individuals complete their first purchase, referrers earn credit toward the program's substantial prizes. The initiative welcomes participation from all users across the United States, with no state restrictions. "This referral campaign will drive user growth and improve the overall Jingo experience. As our user base expands, Buddy becomes even more intelligent and capable of providing hyper-personalized recommendations," adds Pathak. For more information about Jingo and its referral program, visit www.jingo.app . About Jingo Jingo is an innovative e-commerce platform transforming shopping into a hyper-personalized experience tailored to individual preferences. By leveraging advanced AI and data-driven insights, Jingo delivers product recommendations that align seamlessly with each user's unique tastes and needs. The company's mission is to make shopping a proactive and intuitive experience, fundamentally changing how people engage with commerce and technology. Jingo is supported by experts with deep experience across leading companies such as Pinterest, Walmart, Minted, eBay, Square, Nike, Klarna, and Intuit. This collective expertise drives its vision to set a new standard for personalization, connecting customers with the products they love while creating a smarter, more efficient shopping ecosystem. Contact information: Name: Ujjal Pathak Email: ujjal@jingo.app Company: Jingo Technologies Website: www.jingo.app A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f3cada3e-418b-4133-9ce0-5e74219a7443 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
New York Emerging Technology Advisory Board Publishes First Report Outlining Vision to Elevate Leadership in AI
