Latest news with #Wave
CNET
10 hours ago
- Business
- CNET
Save $275 Off a Hydrow Wave Rower With This July 4th Deal and Our Exclusive Code for a Home Gym Overhaul
Whether you're a fitness guru or someone just looking to lose a few pounds, there is no shortage of options when it comes to gear. Rowing machines are often seen as a great way to work up a sweat while giving your upper body a workout, and this Fourth of July deal can get you one of our favorites at a great price. The Hydrow Wave is on our list of the best rowing machines available today, and you can get yours for just $1,420 right now. That price applies to the black version of this rower and is made up of two distinct discounts. The first is applied automatically, but you need to enter the code CNETWAVE to get the best price. That code will stop working on July 7, so you only have a limited amount of time left to take advantage of it. The Hydrow Wave rowing machine offers an almost-silent rowing experience so you won't disturb everyone in your home, and it's designed to be used in smaller spaces than traditional machines. That's despite the addition of a built-in 16-inch display that shows you your rowing metrics and offers motivation as you work out. Hey, did you know? CNET Deals texts are free, easy and save you money. That display is joined by a pair of speakers so you can hear those motivational messages, while the Wave supports Bluetooth and Wi-Fi so you can connect to apps and your Apple Watch. Hydrow offers a 30-day at-home trial so you can make sure that the Wave is right for you, and you'll get a one-year warranty included with your purchase as well. Why this deal matters It's important to stay active, and a rowing machine is a great way to do that without having to leave your own home. Hydrow's Wave offers the chance to do that in a limited space. This deal slashes the price by a considerable amount of money, and this is the perfect time to treat yourself to a new at-home workout partner.
The Sun
16 hours ago
- Business
- The Sun
Huge £25m UK attraction with 590ft surfing lake suddenly closes & website down after owners collapse into administration
A HUGELY popular UK attraction with 400,000 visitors has suddenly closed. The Wave near Bristol was popular among water-sport lovers before bookings were unexpectedly cancelled after it collapsed into administration on June 26. 3 3 3 When it opened in 2019, it was Britain's first inland surfing lake. The £25 million project was filled with 26 million litres of water to produce nearly 1,000 waves an hour ranging from nearly 20 inches to more than six foot. Surfers have been left disappointed after the business suddenly closed, and its website shuttered, showing a holding message saying the page couldn't be found. They have since been told that their bookings have been cancelled. The majority owners cited the bankruptcy of a director of JAR Wave, another funding partner, as the reason behind the financial trouble. However, Bristol Live reported that there had been issues in the facility's management dating back to April when its founder Nick Hounsfield resigned. In April, Nick Hounsfield's firm The Wave Group Ltd moved from Bristol to London as it entered administration, appointing Begbies Traynor Group to manage the insolvency. Nick then resigned from the company, and at the end of May the company was renamed to SBL Midco. A report issued on May 22 claimed that the company had struggled to repay loans used to build the site. It claimed the facility was effectively put up for sale in May of this year as they sought new investors to pay off the debt - which totalled around £15 million across various companies. Teen Scot becomes youngest Brit woman to tackle the world's biggest waves A month later they decided to close the company down after a rescue package wasn't finalised. Majority owners Sullivan Street Partners have said that a refinancing plan is underway which could see the site reopened. The company said it invested £27 million into The Wave in 2023. When he first announced the project with Craig Stodder in 2010 to tackle mental health with the joy of surfing, Nick said: "It's amazing to finally be able to show people what we have created and I'm unbelievably proud of our team who have got us to this point. He added: "I feel incredibly privileged and grateful to be part of this, as well as excited about the potential we have to bring greater health and happiness to people of all ages, backgrounds and abilities." What does going into administration mean? WHEN a company enters into administration, all control is passed to an appointed administrator. The administrator has to leverage the company's assets and business to repay creditors any outstanding debts. Once a company enters administration, a "moratorium" is put in place which means no legal action can be taken against it. Administrators write to your creditors and Companies House to say they've been appointed. They try to stop the company from being liquidated (closing down), and if it can't it pays as much of a company's debts from its remaining assets. The administrator has eight weeks to write a statement explaining what they plan to do to move the business forward. This must be sent to creditors, employees and Companies House and invite them to approve or amend the plans at a meeting. A Notice of Intention is used to inform concerning parties that a company intends to enter administration. It is a physical document which is submitted to court, usually by directors aiming to prevent a company from being liquidated. Like with a standard administration process, a Notice of Intention stops creditors from taking out any legal action over a company while they try and rectify the business. The company had planned to expand into London in 2023 at Lee Valley Regional Park - although this never happened. Since 2019, the facility has welcomed 400,000 visitors, from beginners seeking surf lessons, to seasoned experts. The 180m lake was operated using solar array and battery storage to create more energy than was used each year according to The Wave team. In a statement, Sullivan Street Partners said: 'The Wave Group team apologises unreservedly for any upset caused and is doing its best to ensure the situation can be remedied. 'The Wave Group, owners of the surf park in Bristol, has lined up a refinancing alongside its exciting London developments, which would see all creditors repaid in full within a week and is offering to continue to operate the park."
&w=3840&q=100)
First Post
a day ago
- Business
- First Post
Nvidia becomes world's most valuable company as AI demand drives stock to record high
Nvidia has been at the center of investor enthusiasm for AI, with its high-end processors powering much of the technology's recent advancement read more Nvidia's stock surged to a record high Wednesday (June 25), propelling the chipmaker past Microsoft to become the world's most valuable company as investors continued to bet on strong demand for artificial intelligence technology. Shares of the Santa Clara, California-based company rose more than 4 per cent to close at $154.10, giving it a market capitalisation of $3.76 trillion. That pushed it ahead of Microsoft, which ended the day with a valuation of $3.65 trillion after a modest 0.2 per cent gain in its stock. Apple followed with a valuation of $3 trillion after its shares rose 0.4 per cent. STORY CONTINUES BELOW THIS AD The rally followed a bullish note from Loop Capital, which raised its price target on Nvidia from $175 to $250 and reiterated a 'buy' rating. Analyst Ananda Baruah said Nvidia was poised to benefit from a new 'Golden Wave' of generative AI adoption. 'Our work suggests we are entering the next 'Golden Wave' of Gen AI adoption and NVDA is at the front-end of another material leg of stronger than anticipated demand,' Baruah wrote in a client note. Nvidia has been at the center of investor enthusiasm for AI, with its high-end processors powering much of the technology's recent advancement. The company has now rebounded more than 60 per cent from its April 4 low, when markets fell amid global tariff announcements by President Donald Trump. The broader US market has since recovered on hopes that the White House may soften its stance through new trade deals. Despite the rally, Nvidia's valuation remains relatively restrained compared to its past. The stock is trading at about 30 times analysts' projected earnings for the next 12 months, below its five-year average of 40, according to data from LSEG. Nvidia, Microsoft and Apple have swapped positions as the most valuable publicly traded company several times over the past year, with Microsoft most recently holding the lead. The S&P 500 technology sector index gained 0.9 per cent on Wednesday to reach a fresh all-time high. The index is now up nearly 6 per cent in 2025. STORY CONTINUES BELOW THIS AD With inputs from Reuters
International Business Times
2 days ago
- Business
- International Business Times
Nvidia Becomes World's Most Valuable Company Again as AI Boom Lifts Stock
Nvidia stock soared to new heights on Wednesday, allowing the company to once again become the most valuable publicly traded firm in the world. The California-based chipmaker saw its shares climb more than 4%, hitting a record price of $154.10. That surge brought Nvidia's total market capitalization to $3.76 trillion, pushing it ahead of Microsoft, which was valued at $3.65 trillion after a smaller 0.2% gain in its share price. The recent rally in Nvidia's stock was largely driven by a positive report from Loop Capital. The financial firm raised its price target for Nvidia to $250, up from $175, while maintaining a strong "buy" recommendation. Loop Capital analyst Ananda Baruah wrote that the market is entering what he described as a "Golden Wave" of generative artificial intelligence (Gen AI) adoption. He added that Nvidia is in a leading position to benefit from the next major phase of AI-driven demand for advanced computing hardware. This enthusiasm for Nvidia reflects renewed investor interest in artificial intelligence, a trend that has sparked enormous gains in technology and semiconductor stocks over the last few years. Nvidia's chips are considered among the best for running complex AI models, and demand continues to climb as industries adopt AI tools more widely. Interestingly, despite its steep rise, Nvidia's valuation still appears reasonable to some investors. The company is currently trading at around 30 times projected earnings for the next year, based on data from LSEG. That is below its five-year average price-to-earnings ratio of 40, indicating that Nvidia's strong earnings growth is keeping pace with its rising stock price. Nvidia, Microsoft, and Apple have been competing for the title of the world's most valuable company over the past year. Microsoft recently held the top spot after overtaking Nvidia earlier in June. Meanwhile, Apple's stock also edged up by 0.4% on Wednesday, placing its total valuation at $3.0 trillion. Nvidia's rebound has been especially notable considering it had dropped significantly in April. The fall came after comments from former President Donald Trump about global tariffs, which triggered market jitters. However, Nvidia has since gained over 60% from its April low, fueled by investor optimism that the U.S. government will resolve trade disputes and avoid damaging tariffs on tech imports.
The Star
2 days ago
- Business
- The Star
Nvidia hits record high as analyst predicts AI 'Golden Wave'
FILE PHOTO: Nvidia logo is seen in this illustration taken, January 27, 2025. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -Nvidia's stock hit a record high on Wednesday, and the chipmaker reclaimed the crown as the world's most valuable company after an analyst said the chipmaker was set to ride a "Golden Wave" of artificial intelligence. Shares of the Santa Clara, California-based company rose over 4% to a record high of $154.10. The rise sent Nvidia's stock market value to $3.76 trillion, overtaking Microsoft, which was last valued at $3.65 trillion following a 0.2% increase in its stock. Fueling Nvidia's latest rally, Loop Capital lifted its price target for the designer of high-end AI processors to $250 from $175, while maintaining its "buy" rating. "Our work suggests we are entering the next 'Golden Wave' of Gen AI adoption and NVDA is at the front-end of another material leg of stronger than anticipated demand," Loop Capital analyst Ananda Baruah wrote in a client note. Nvidia's latest gains reflect the U.S. stock market's return to the "AI trade" that fueled massive gains in chip stocks and related technology companies in recent years on optimism about the emerging technology. Nvidia recently traded at about 30 times analysts' expected earnings for the next 12 months, below its average of about 40 over the past five years, according to LSEG data. That relatively modest price-to-earnings valuation reflects steadily increasing earnings estimates that have outpaced Nvidia's sizable stock gains. Nvidia, Microsoft and Apple have traded places several times as the world's most valuable company over the past year, with Microsoft leading recently after overtaking Nvidia in early June. Apple's stock rose 0.4% on Wednesday, putting its value at $3.0 trillion. Nvidia has now rebounded over 60% from its closing low on April 4, when Wall Street was reeling from President Donald Trump's global tariff announcements. U.S. stocks, including Nvidia, have recovered on expectations the White House will reach trade deals to soften the tariffs. The S&P 500 technology sector index was last up 0.9% at an all-time high. It has now gained almost 6% in 2025. (Reporting by Noel Randewich; Editing by Leslie Adler)
