Latest news with #PCs
New York Post
2 days ago
- Business
- New York Post
Zohran Mamdani's ‘no billionaires' dream fits HIS goal — to make us all live in equal… misery
Zohran Mamdani isn't a socialist in name only; he'd truly love to turn New York into a socialist 'utopia' — first, by doing away with billionaires. As he put it Sunday: 'I don't think that we should have billionaires.' Let's be clear here: Most billionaires earned their wealth by providing goods and services that enough other people wanted so much that they freely paid that much for them. The world is enormously better off with PCs and iPhones, thanks to billionaire Steve Jobs and Apple. Yes, the odd Alexander Soros may just be spending inherited wealth, but Jeff Bezos, Elon Musk et al have enriched humanity far more than themselves. Mamdani may be confused by guilt over his own inherited privilege, or perhaps he figures he makes up for it by crusading for 'equality.' In that vision, the success of the wealthy (or perhaps their existence?) comes at the expense of everyone else. Problem is, every society that's operated on that assumption has found itself growing . . . poor, as witness Venezuela today or Cuba for the last six decades. In those countries, only the ruling 'socialists' live in luxury. Heck, even Israel (Mamdani's archenemy) found out the hard way that socialism doesn't work. Make villains out of those who got rich working in medicine, finance, manufacturing or whatever, and everyone loses out. Plus, please note: The top 1% here in NYC pony up fully half the city's income-tax revenue; without that, Mamdani couldn't begin to fund his lavish spending plans. The equality that this nation is founded upon is equality before the law: 'equal opportunity, not equal outcomes. It's beyond juvenile: As ex-Soviet chess grandmaster Garry Kasparov tweeted, 'Capitalism's unequal distribution of prosperity is far better than socialism's equal distribution of misery.' Nations that transition from communism or socialism to free markets and the rule of law make huge economic gains. Should Mamdani get to chase his redistributionist dreams, 'billionaires' and even millionaires will voluntarily flee Gotham, before he can pilfer their money. They'll take their tax revenue — and jobs — with them. 'New York is not going to be the capital of capitalism anymore,' predicts Boca Raton, Fla., Mayor Scott Singer, who says he's had talks with numerous business moguls about relocating to his city if Mamdani wins. You can bet other mayors and governors across the country are talking to Big Apple business leaders too. Mamdani may manage to impose a veneer of 'equality' — but everyone will live in misery.
Daily Record
21-06-2025
- Daily Record
Lawyer had to ask for trans killer's criminal record FOUR times after name change
Solicitor Paul Lynch demands probe after revealing that he only received notorious killer Alex Stewart's genuine rap sheet after he sent law chiefs a link to a news story detailing grisly crime A lawyer at the centre of a trans row was forced to ask FOUR times for the correct criminal record of a murderer – whose offences 'disappeared' when they changed their name. Paul Lynch has called for an urgent probe into procedures that led to Police Scotland and the Crown Office falsely disclosing killer Alex Stewart had no previous convictions. Alan Baker – now known as Alex Stewart – is serving life for stabbing a man he met online before transitioning. Respected solicitor Lynch said he was flatly told by the Crown Office that Stewart had no previous convictions (PCs) – even after informing them he used to be called Alan Baker. It was only after he sent a link to an online news story about Baker's murder conviction that the error was rectified. Police Scotland insists it was a one-off clerical error and no records were wiped. But Lynch claims a full investigation is needed to make sure criminal records disclosed to the courts are accurate after changes of name or gender. He said: 'I don't accept this can be dismissed as an isolated case involving human error. It shows a systematic failure on the part of Police Scotland to have proper procedures in place, with up-to-date information enabling them to reference a person's criminal record after they have assumed a new name and gender. Otherwise, a murderer's convictions can simply disappear.' The PC disclosures sought by Lynch came in the case of killer Jayney Sutherley, who was eventually cleared of subjecting Stewart and prison lover Nyomi Fee of transphobic and homophobic abuse, including 'misgendering' Stewart. Fee's disclosed record duly showed she killed Liam Fee, four, son of her then partner Rachel Fee, also convicted of Liam's murder in 2014. But Stewart's adoption of a new name while in HMP Greenock appeared to have effectively given them a clean slate with no PCs showing. Lynch was astonished he had to ask four times for the correct PCs. He said: 'The third time, I gave them his former name but the reply still came – 'no PCs'. 'Next time I told them the witness was in custody serving a life sentence. I sent a link to a news story, suggesting it might assist. They took that information to police and the correct PCs finally arrived.' He said the situation was ludicrous given that a cop interviewed witnesses inside a high security jail about a complaint. He said: 'The witness has been identified as a murderer yet police systems somehow do not have on record Alex Stewart and Alan Baker are one and the same. It is seriously alarming. It stands to reason it could happen in any case where a trans prisoner has changed their name. 'It's not as if Alex Stewart has been under the radar. Anyone reading the Daily Record or following the media would have had more information than Police Scotland about the previous convictions of Alan Baker or Alex Stewart.' Lynch said criminals who escape their past through an administrative bungle could pose a threat. He said: 'Think of all those cases where men who have served their sentences, then changed their names and are self-identifying as women. This has to be thoroughly investigated. If this could happen in Jayney Sutherley's case, it could happen in any case.' Police Scotland last night insisted the error in disclosing previous convictions of Alex Stewart had been rectified. A spokesperson said: 'We are aware of an issue relating to the previous convictions of a victim, which were omitted from a report submitted ahead of a case heard at Greenock Sheriff Court. The issue has been rectified. Work is ongoing to prevent something similar taking place. 'Officers are liaising with the Crown Office and Procurator Fiscal Service. The criminal records referred to in this case have not been wiped, they remain in place. It is inaccurate to suggest otherwise.' At Holyrood this week, Justice Secretary Angela Constance told MSPs: 'I have received assurances this was an isolated incident but I have asked Police Scotland to review their procedures.' A COPFS spokesperson said: 'The conviction record for this witness was shared quickly once the error was identified. 'We are supporting Police Scotland's review of their systems.' Join the Daily Record WhatsApp community!
Globe and Mail
20-06-2025
- Business
- Globe and Mail
DELL's CSG Revenues Rise: Is an Improving PC Market the Catalyst?
Dell Technologies DELL AI prospects remain strong, with AI expanding from major cloud service providers to large-scale enterprise deployments and edge computing with PCs. Dell Technologies is a prominent PC maker and is expected to benefit from the recovering demand driven by the PC-refresh cycle. The company is benefiting from the Windows 11 PC refresh cycle as many enterprise customers upgrade to new AI-capable Windows 11 devices, driving strong demand in the commercial segment. In the first quarter of fiscal 2026, CSG revenues were $12.50 billion, up 5% year over year. DELL is also benefiting from an expanding partner base that includes NVIDIA, Microsoft, Meta Platforms and Imbue. In March, Dell Technologies and NVIDIA expanded their AI Factory collaboration, introducing new AI PCs, infrastructure, software, and services to accelerate enterprise AI adoption across various scales. Dell Technologies recently partnered with Lowe's to enhance customer and associate experiences by deploying advanced AI and PC technologies. Using Dell AI Factory with NVIDIA and high-performance Dell devices, Lowe's is optimizing inventory, improving asset protection, and streamlining store operations across its network. In March 2025, Dell Technologies and NVIDIA also expanded their AI Factory collaboration, introducing new AI PCs, infrastructure, software, and services to accelerate enterprise AI adoption across various scales. DELL Faces Stiff Competition in the PC Market Dell Technologies suffers from stiff competition in the PC market from the likes of HP HPQ and Apple AAPL. HPQ is benefiting from a sustained focus on launching new and innovative products. The growing interest in generative artificial intelligence-enabled PCs, along with Windows 11 upgrades and a probable PC refreshment cycle, is likely to drive fresh demand for PCs in 2025. The growing interest in generative AI-enabled PCs might give a fresh boost to HP's PC demand in the years ahead. The company forecasted that 40-60% of all PCs will be AI PCs in the next three years. To make the most of the growing opportunities in this category, HP has launched several AI PCs this year and plans to continue to expand its AI PC portfolio. Apple's Mac business is benefiting from strong demand for M4, M4 Pro, and M4 Max chips. In March 2025, Apple expanded its Mac portfolio with the new MacBook Air powered by the M4 chip with up to 18 hours of battery life and a new 12MP Center Stage camera. DELL's Share Price Performance, Valuation and Estimates DELL's shares have risen 1.1% year to date, underperforming the broader Zacks Computer & Technology sector's return of 1.6%. DELL Stock Performance Image Source: Zacks Investment Research DELL stock is trading at a premium, with a forward 12-month Price/Sales of 0.77X compared with the Computer & Technology sector's 6.36X. DELL has a Value Score of A. DELL Valuation The Zacks Consensus Estimate for second-quarter fiscal 2026 earnings is pegged at $2.26 per share, which has increased 11.5% in the past 30 days. This indicates a year-over-year increase of 19.58%. The consensus mark for fiscal 2026 earnings is pegged at $9.43 per share, which increased 6.91% in the past 30 days. This suggests 15.85% year-over-year growth. DELL currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL): Free Stock Analysis Report HP Inc. (HPQ): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report
Winnipeg Free Press
17-06-2025
- Politics
- Winnipeg Free Press
Tories must decide who they are
Opinion The Progressive Conservative Party of Manitoba has a problem — and it's one they can't ignore much longer. The Tories are not only sinking in the polls, they're losing their grip on who they are, and who they represent. Months after a bruising leadership race that saw MLA and former Blue Bomber Obby Khan emerge as the new face of the party, the PCs remain mired in low poll numbers, particularly in Winnipeg — a city they must win if they hope to return to government. MIKAELA MACKENZIE / WINNIPEG FREE PRESS Progressive Conservative Leader Obby Khan Meanwhile, their once-solid rural base is showing signs of discontent and drift, as evidenced by the surprising support for Wally Daudrich, the controversial hotelier and social conservative who captured a sizable chunk of votes during the leadership contest. The growing divide — between a socially conservative base in rural Manitoba and the more centrist, urban voters in Winnipeg — is pulling the party in opposite directions. And under Khan's leadership, the PCs have yet to articulate a clear vision that bridges that divide, or restores public confidence in their brand. It's not just a question of time. The wounds from the 2023 election defeat under former premier Heather Stefanson haven't healed. The loss was historic, not just because it handed the NDP a decisive majority under Premier Wab Kinew, but because the PCs were trounced in many of the urban ridings they had previously held or contested closely. And although Khan brought a new face to the party, the political winds have not shifted in their favour. The latest Free Press-Probe Research polling shows the PCs languishing in Winnipeg, where the NDP continues to dominate. In many urban ridings, the PCs are at historically low levels. In the suburbs — once a stronghold for the party — NDP support remains stubbornly strong. Compounding the issue is the ideological tension at the heart of the party. To win rural Manitoba, the Tories need to appeal to more socially conservative voters, many of whom are skeptical of urban-focused policies and are drawn to voices like Daudrich's — who rails against what he calls 'woke politics.' But that same message is political poison in most parts of Winnipeg, where voters tend to be more progressive on social issues, and more demanding when it comes to public services like health care, education and affordable housing. Khan, to his credit, has tried to strike a balance. He's spoken about economic growth, entrepreneurship and community development — issues that transcend the urban-rural divide. But his message has yet to cut through, in part because he hasn't clearly defined how his vision for the party differs from that of his predecessors, or how it would translate into actual governance. The PCs can't simply wait for the NDP to falter. They need to do the hard work of rebuilding trust with Manitobans — not just by changing leaders, but by clarifying what they stand for and who they serve. Weekday Evenings Today's must-read stories and a roundup of the day's headlines, delivered every evening. Are they a party of rural populism? Of fiscal restraint? Of urban renewal? Right now, no one — perhaps not even their own caucus — seems entirely sure. If they want to regain relevance, they must find a way to unify their base while appealing to the broad political centre. That will take more than flashy news conferences or slogans. It requires hard policy work, meaningful community engagement, and a willingness to evolve. Manitobans want a real choice at the ballot box. And we all know democracy is stronger when both government and opposition are vibrant, credible and competitive. Right now, the Tories are not offering that. Until they figure out who they are, they'll remain on the outside looking in.
CNBC
17-06-2025
- Business
- CNBC
SK Hynix shares extend gains to over 2-decade highs as parent group reportedly plans AI data center
Shares in South Korea's SK Hynix extended gains to hit a more than 2-decade high on Tuesday, following reports over the weekend that SK Group plans to build the country's largest AI data center. SK Hynix shares, which have surged almost 50% so far this year on the back of an AI boom, were up nearly 3%, following gains on Monday. The company's parent, SK Group, plans to build the AI data center in partnership with Amazon Web Services in Ulsan, according to domestic media. SK Telecom and SK Broadband are reportedly leading the initiative, with support from other affiliates, including SK Hynix. SK Hynix is a leading supplier of dynamic random access memory or DRAM — a type of semiconductor memory found in PCs, workstations and servers that is used to store data and program code. The company's DRAM rival, Samsung, was also trading up 4% on Tuesday. However, the two companies' shares have diverged of late. On Friday, Samsung Electronics' market cap reportedly slid to a 9-year low of 345.1 trillion won ($252 billion) as the chipmaker struggles to capitalize on AI-led demand. SK Hynix, on the other hand, has become a leader in high bandwidth memory — a type of DRAM used in artificial intelligence servers — supplying to clients such as AI behemoth Nvidia. A report from Counterpoint Research in April said that SK Hynix had captured 70% of the HBM market by revenue share in the first quarter. This HBM strength helped it overtake Samsung in the overall DRAM market for the first time ever, with a 36% global market share as compared to Samsung's 34%.
