Author: Team NIDO
Team NIDO
NIDO, a nest. Nurturing Investments. Developing Opportunity.
For the Fearless Fund, it was supposed to be a typical sweltering August day in Georgia. CEO Arianne Simone then learned that her venture capital firm was being sued for its efforts to support Black women entrepreneurs. On August 2, 2023, the conservative American Equal Rights Alliance, led by Edward Blum, claimed that VC firms’ subsidy programs for small businesses owned by Black women are discriminatory. That same year, financial tech company Hello Alice was sued by America First Legal, a group founded by former Trump administration adviser Stephen Miller. Similar to the Fearless Fund lawsuit, America First Legal argued…
Supermarket chain Konsum has acquired nine supermarkets under the Economy Cash brand and plans to grow by 5% this year, general director Antonio Rodriguez said this Thursday at the 39th Mass Consumption Conference of the Aycok Employers Association. It was announced atRodríguez explained at a press conference that nine additional stores (seven in the Valencian community, one in Tarragona and one in Murcia) are awaiting approval from the competition to open to the public in 2025. . Tarragona’s border lies along the Amposta Canal promenade, where the Mercadona once stood.With sales of 4,388 million euros last year and more than…
Reprinted with permission from Minneapolis School Voices. Minneapolis Public Schools will use the last portion of its reserve funds over the next school year unless there are significant budget cuts or additional state and federal revenue. That’s according to the district’s latest pro forma, a five-year financial projection the district prepares each year, presented to the school board’s finance committee Tuesday night. The district projects an $84 million budget deficit in the 2025-26 school year, with the deficit rising to $100 million over the next four years. Pro forma at the end of next year, the general fund balance is…
Investing.com – The market was pricing it in. And so it turned out. The European Central Bank (ECB) lowered the standards at its Governing Council meeting this Thursday, taking into account the new operating framework it started applying at its September Governing Council meeting. At present, all eyes are on the organization’s president Christine Lagarde and the scheduled date of 2:45 pm Spanish time. We are pleased to announce that Investing.com will be providing the press conference live. Link Securities said the cut was “the third reduction in official interest rates carried out by financial institutions in recent months since…
The Consum Cooperative has acquired nine supermarkets under the Economy Cash and Vidal Tiendas brands in the Valencian Community, Catalonia and Murcia from the Valencian distribution company Coups Design International, and will have a total of 193 employees in these supermarkets. The name will be inherited.The purchase operation requires approval from the National Market and Competition Commission (CNMC), Consum reported in a statement.The acquired supermarkets are located in the Valencian region (Aldaia, Arracas, Masanassa, Sueca, Gandia, Xativa, Torrevieja), Catalonia (Amposta) and Murcia (Caravaca de la Cruz) and, with the exception of Xàtiva, all operate under the Economy Cash banner. I’m…
Madrid, October 17 (EFE) – Supermarket chain Consum has acquired nine supermarkets from the Economy Cash brand and plans to grow by 5% this year, general director Antonio Rodriguez said this Thursday. Presented at the 39th Mass Consumption Conference. Aycock Employers Association. At a press conference, Rodríguez explained that the company has added nine stores (seven in the Valencian community, one in Tarragona and one in Murcia) and is awaiting approval from the competition to open to the public in 2025. With sales of 4,388 million euros last year and more than 933 supermarkets both owned and franchised in Catalonia,…
https://www.tipranks.com/news/the-fly/goldman-sachs-price-target-raised-to-614-from-577-at-oppenheimerIris Energy Limited provided a business update. IREN’s AI Cloud Services segment is expected to generate approximately $32 million in annual hardware profits by the end of December 2024, contributing approximately 10% of the company’s overall revenue. GPU Utilization: The company’s current 816 NVIDIA H100 GPUs are nearing full utilization, with pending contracts expected to cover remaining capacity. Expansion plans: IREN plans to bring on board an additional 1,080 NVIDIA H200 GPUs in Q4 2024, more than doubling its existing AI capacity. Instant scalability: AI cloud services currently utilize less than 0.5% of IREN’s total data center capacity, giving it…
good morning. AI is a top priority for finance leaders, and at Fortune’s Most Powerful Women Summit on Tuesday, CFOs from four top companies shared how they’re tackling rapidly changing technology. . Elena Gomez, chief financial officer of cloud-based restaurant management software company Toast, told an audience in Dana Point, California. . Gomez told how executives at a recent CFO dinner said that while the business would grow over the next three years, the number of employees would likely remain at 80% of its current level. “I’ve thought about it at least 10 times since that dinner,” Gomez said. This…
Mark Williams, Vice President of Finance and Administration for EON Resources Inc. (NASDAQ:EONR), recently acquired 50,000 shares of the company’s Class A common stock. The transaction was valued at $50,000 and was recorded on October 15, 2024. The shares were acquired at a price of $1.00 per share. According to the filing, these shares were acquired in consideration for the forgiveness of certain accounts payable related to past consulting work. Following the transaction, Williams now directly owns a total of 95,000 shares. In other recent news, EON Resources Inc., a specialist crude oil and petroleum company, has set the date…
VCAT-led funding advances Indian startup’s vision of a sustainable and connected information ecosystem for businesses and consumers alikeMUMBAI, India , Oct. 17, 2024 /PRNewswire/ — Venture Catalysts, India’s leading integrated incubator and accelerator platform, today leads pre-seed funding round for SuperUs, an innovative technology OEM revolutionizing displays We have announced that we will be participating as an investor. technology landscape. This investment marks a significant milestone in SuperUs’ journey to become a global leader in dynamic, sustainable and localized display solutions. Several prominent investors participated in this funding round, including ZNL Growth Fund Scheme I, Pravah Creations Pvt Ltd, Singhvi…