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Preliminary second-quarter revenue of $6.7 billion vs. forecasts of $8.1 billion. Shortfall vs. outlook driven primarily by weaker gaming revenue management to discuss financial results and outlook on Aug. 24 earnings call NVIDIA (NASDAQ: NVDA) today announced selected preliminary financial results for the second quarter ended July 31, 2022. Second-quarter revenue is expected to be approximately $6.7 billion, down 19% sequentially and up 3% year-over-year, primarily reflecting weaker-than-expected gaming revenue. Gaming revenue was $2.04 billion, down 44% sequentially and down 33% year-over-year. Data center revenue was $3.81 billion, up 1% sequentially and up 61% year-over-year. The shortfall relative to May…

Axios co-founder and CEO Jim VandeHei speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California on May 3, 2022. Mike Blake | Reuters Axios is being acquired by Cox Enterprises, the companies said Monday, with plans to expand the digital news site’s coverage to include more cities. The deal values ​​Axios at $525 million, according to people familiar with the matter, who asked not to be named because financial terms of the deal were not disclosed. Axios co-founders Jim VandeHei, Mike Allen and Roy Schwartz will remain on the company’s board and continue to manage its day-to-day…

TTCU Federal Credit Union has partnered with Zogo Classroom to provide financial literacy tools to teachers across the state of Oklahoma at no cost to schools. Zogo Classroom is an online platform that makes learning about financial literacy like a game, with fun and engaging graphics. It allows students to test their knowledge by guiding them through real-world situations around personal finance. “We are excited to continue our partnership with Oklahoma schools by offering a new option for teaching financial literacy in the classroom. Zogo Classroom has a fun and fresh feel that will appeal to both students and teachers,”…

WASHINGTON – Today, the US Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned the virtual currency mixer Tornado Cash, which was used to launder more than $7 billion in virtual currency from its creation in 2019. This includes more than $455 million. stolen by the Lazarus Group, a Democratic People’s Republic of Korea (DPRK) state-sponsored hacking group that was sanctioned by the United States in 2019, in the biggest virtual currency heist known to date. Tornado Cash was subsequently used to launder over $96 million in funds from malicious cyber actors stemming from the June 24, 2022 Harmony Bridge…

Leading digital personal finance company wins first place for second year SAN MATEO, California, August 8, 2022 /PRNewswire/ — Freedom financial network (FFN), a leading digital personal finance company, today announced that it has been recognized as one of the Top 100 Corporate Philanthropists in the San Francisco Bay Area by the San Francisco Business Times. This is the second year in a row that the company has appeared on the list. “We are proud to be honored once again alongside our peers in the Bay Area and remain firmly committed to our core value of caring for everyone with…

BOSTON–(BUSINESS THREAD)–Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”) (formerly OTCQX: NCPL), a private markets digital ecosystem, today announced financial results for its fiscal 2022 fiscal year ended April 30, 2022. “Our company achieved good results for fiscal year 2022,” said Dr. Cecilia Lenk, CEO of Netcapital Inc. “The growth and momentum of the business fueled our efforts to go public and we began trading on the Nasdaq on July 13. 2022, a huge milestone for Netcapital. The visibility and exposure we hope to gain with our rise to the Nasdaq is an important part of our efforts to build towards…

TOKYO: A delegation from Saudi Arabia’s energy economics and sustainability think tank, the King Abdullah Petroleum Research and Studies Center, participated in the 43rd International Energy Economics Association conference in Tokyo last week. With the title “Mapping the Energy Future, Voyage in Uncharted Territory”, the conference took place from July 31 to August 4, with more than 600 attendees. KAPSARC experts spoke in three keynotes and 11 concurrent sessions to share their insights on today’s global energy and environmental concerns, and how to find solutions to help shape future energy policies and encourage climate action. KAPSARC talks and presentations also…