Day: October 7, 2020

Resources Connection, Inc. Reports Financial Results for First Quarter Fiscal 2021

Delivered Positive Operating Cash Flow in an August Quarter

Resources Connection, Inc. (Nasdaq: RGP), a multinational business consulting firm operating as Resources Global Professionals (the “Company” or “RGP”), today announced financial results for its fiscal first quarter ended August 29, 2020.

First Quarter Fiscal 2021 Highlights Compared to Prior Fiscal Year First Quarter:

  • Revenue of $147.3 million compared to $172.2 million, or down 14.4%

  • Gross profit of $57.9 million compared to $67.5 million

  • Gross margin improved 10 basis points to 39.3%

  • SG&A of $51.2 million, an improvement of $5.8 million compared to $57.0 million

  • Net income of $2.3 million compared to $4.9 million

  • Diluted earnings per common share of $0.07 compared to $0.15

  • Adjusted diluted earnings per common share of $0.14 compared to $0.18

  • Adjusted EBITDA margin of 6.9%, consistent with prior year quarter

  • Cash provided by operating activities of $18.6 million compared to cash used in operating activities of

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Black hole-sized magnetic fields could be created on Earth, study says

Scientists should be able to create magnetic fields on Earth that rival the strength of those seen in black holes and neutron stars, a new study suggests. 

Such strong magnetic fields, which would be created by blasting microtubules with lasers, are important for conducting basic physics, materials science and astronomy research, according to a new research paper authored by Osaka University engineer Masakatsu Murakami and colleagues. The paper was published Oct. 6 in the open-access journal Scientific Reports.

Most magnetic fields on Earth, even artificial ones, are not particularly strong. The magnetic resonance imaging (MRI) used in hospitals typically produces fields of around 1 tesla, or 10,000 gauss. (For comparison, the geomagnetic field that swings compass needles to the north registers between 0.3 and 0.5 gauss.) Some research MRI machines use fields as high as 10.5 tesla, or 105,000 gauss, and a 2018 lab experiment involving lasers

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UT gets Energy Department grant to advance predictive science using plasma torches



map: Predictive science, which will be studied at a new University of Texas institute, can be used to model and forecast extreme weather, such as this visualization of a storm surge on the Louisiana coast caused by Hurricane Laura. [Courtesy of Computational Hydraulics Group, Oden Institute.]


© Provided by Austin American-Statesman
Predictive science, which will be studied at a new University of Texas institute, can be used to model and forecast extreme weather, such as this visualization of a storm surge on the Louisiana coast caused by Hurricane Laura. [Courtesy of Computational Hydraulics Group, Oden Institute.]

The U.S. Department of Energy has chosen the University of Texas to house a new center focused on developing tools and techniques for predictive science.

The agency’s National Nuclear Security Administration is providing $16.5 million to the new multidisciplinary institute — named the Predictive Science Research Center — to fund research and technology advancement for computational predictions of complex systems.

Predictive science can be used to forecast weather, conditions impacting rocket science, future climate change and other events.

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The center will bring together dozens of researchers and students from six UT departments to develop science-based modeling, simulations and

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When Is Amazon Prime Day 2020: Official Date And Start Time

Multiple reports pointed to October 13 as the start date for this year’s Amazon Prime Day event, the company has finally confirmed when we can expect Prime Day deals to start this year. Amazon Prime Day 2020 will begin at midnight PT on October 13 and will run a full 48 hours as it has in recent years. Prime Day is usually held in July but was delayed at least three times this year due to COVID-19, according to reports.

As usual, Prime Day will have thousands of deals available exclusively for Prime members across not only tech and gaming but also toys, furniture, fashion, housewares, and more. Of course, the elephant in the room is that Prime Day is now just over one month earlier than Black Friday, and it’s unclear how different Prime Day deals will be from those offered during Black Friday and Cyber Monday. Naturally, Amazon

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2 Top AI Stocks for Tech Growth Investing

Investing in artificial intelligence (AI) has taken on a similar type of momentum as broader tech stocks and pre-legalization cannabis. AI is profoundly different from any other industry, though. For one thing, AI is still very much in its infancy. On the outside, we’re still at the chatbot stage, with more powerful AI providing security duties in the background. But the future could hold much, much more.



a person posing for the camera: Businessman holding AI cloud


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Businessman holding AI cloud

This makes AI fundamentally different from cannabis, for instance, which is itself an already tangible and fully realized product. AI is different from other tech areas, too, since most tech industries (even still-growing ones) are also already fleshed out. Of course, new ways of doing the same old things are still gathering steam. Consider e-commerce, or the hunt to replace lithium in electric vehicle batteries.

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But AI, in its fully realized

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Crypto For Congress Puts “American-Made” Bitcoin Into The Hands Of Policymakers

This week, the Chamber of Digital Commerce PAC sent all 535 members of the United States Congress about 0.0047 BTC ($50 worth at the time), in an effort to educate the country’s legislators around cryptocurrency and blockchain technology that it calls Crypto For Congress.

Leveraging Federal Election Commission rules that allow for cryptocurrency-based campaign contributions and its own Political Action Committee to make the BTC donations, the Chamber of Digital Commerce ultimately hopes to motivate these lawmakers to embrace the advantages presented by blockchain technology.

“Our industry faces a number of regulatory challenges and it’s important for our government officials to have a working knowledge of how this technology works,” Perianne Boring, founder and president of the Chamber of Digital Commerce, told Bitcoin Magazine. “If you look at tax laws, securities laws, if you look at compliance obligations, there are a lot of examples of regulators and policymakers who

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Trump Breaks Tradition With Microsoft-Wells Fargo Race Inquiry

Donald Trump

Photographer: Kevin Dietsch/UPI/Bloomberg

A U.S. inquiry into whether Microsoft Corp. and Wells Fargo & Co. broke workplace civil rights laws by seeking to double their ranks of Black leaders is at odds with normal Labor Department practice, including the enforcement of a decades-old executive order on affirmative action, legal experts said.

The executive order, issued the year after the 1964 Civil Rights Act, requires that federal contractors maintain affirmative action outreach efforts while barring discrimination in hiring, and contrasts with a recent order by President Donald Trump against “divisive” discussions of race in corporate training.

The DOL’s Office of Federal Contract Compliance Programs cited the 1965 order in a letter to Microsoft asking how the software maker would meet its commitment to beef up Black leadership “without discriminating on the basis of race.”

More than half a century after the order was issued, African-American representation

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Investor Urges Disney To Spend On Streaming, Not Dividends

Activist investor Daniel Loeb on Wednesday urged Walt Disney Co. to skip paying an annual dividend and instead pour the $3 billion into hits for its streaming television service.

Loeb, founder of Third Point hedge fund, made his pitch in a letter to Disney chief executive Bob Chapek and the board of directors.

Loeb reasoned that skipping a few dollars per share in dividends, the entertainment giant could use the money to more than double its budget for content at Disney+ streaming service.

“Disney has built one of the largest streaming platforms in the world, already within the original 5-year Disney+ subscriber target range of 60-90 million,” Loeb said in the letter, a copy of which was obtained by AFP.

“To further capitalize on this transformational opportunity, we believe the company should permanently suspend its $3 billion annual dividend and redirect this capital entirely into content production and acquisition for

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Twitch seems to have picked up most of Mixer’s streamers

Streamers seem to have flocked to Twitch from Mixer after the Microsoft-owned live-streaming service announced plans to shut down in June. A new report shows that Twitch’s share of hours broadcast on major live-streaming platforms jumped up by over 14 percentage points this quarter, taking away the nearly identical just over 14 percent market share that Mixer previously held.

With Mixer out of the picture, Twitch ended up with 91.1 percent of all hours spent streaming on these platforms between July and September, according to a new report from Streamlabs & Stream Hatchet that looked at streaming activity on Twitch, YouTube, and Facebook Gaming. Facebook Gaming grew slightly during that time period, to 3.4 percent from 2.4 percent, and YouTube shrunk slightly, to 5.5 percent from 6.7 percent.

That Twitch won out is particularly notable

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Citigroup fires tech executive who ran popular QAnon website

Citigroup has fired a senior vice president in the bank’s technology department after probing his outside job running the most prominent website devoted to QAnon, a debunked yet popular conspiracy theory

Jason Gelinas was put on paid leave in September after being identified as the person behind the site QMap.pub and related mobile apps. His role was first reported by Logically.ai, a fact-checking site.

“Mr. Gelinas is no longer employed by Citi. Our code of conduct includes specific policies that employees are required to adhere to, and when breaches are identified, the firm takes action,” a spokesperson for the bank told CBS MoneyWatch.

“As outlined in our code of conduct, employees are required to disclose and obtain approvals for outside business activities,” the spokesperson added.

It was hardly a typical side hustle, according to media accounts of Gelinas’s alleged moonlighting. The former Citi executive is credited with helping transform

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