The AI Building Boom Is Bound to Bust
For now, the boom has room to run. The introduction of artificial intelligence into the workplace and society will match the rollout of electricity and the internet, Morgan Stanley predicts, and it estimates that capital expenditure on AI infrastructure will reach $3 trillion through 2028. Microsoft Corp., Alphabet Inc., Meta Platforms Inc., Amazon.com Inc. are leading the charge, and startups including Anthropic and Elon Musk's xAI are also piling in. The digital gold rush won't last forever, though.
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First National Bank Alaska announces unaudited results for second quarter 2025
ANCHORAGE, Alaska, Aug. 08, 2025 (GLOBE NEWSWIRE) -- First National Bank Alaska's (OTCQX:FBAK) net income for the second quarter of 2025 was $18.4 million, or $5.80 per share. This compares to a net income of $15.6 million, or $4.94 per share, for the same period in 2024. 'Return on Assets is 1.46% at June 30, 2025, showing improvement over each of the last five quarters,' said First National Board Chair and CEO/President Betsy Lawer. 'The bank's net interest margin of 3.69% reflects the execution of new high-quality loans and, combined with diligent expense management, has our second quarter net income demonstrating the strength of the strategies developed by our board and executive management team, as well as the excellence of our 600-plus employees.' Loans totaled $2.6 billion as of June 30, 2025, an increase of $200.1 million compared to June 30, 2024. Nonperforming loans were $9.8 million, 0.38% of outstanding loans, an increase of $5.1 million from June 30, 2024. The year-to-date provision for credit losses totaled $2.2 million as of June 30, 2025, compared to $1.3 million as of June 30, 2024, due to loan growth. The allowance for credit losses as of June 30, 2025 totaled $20.0 million, or 0.77% of total loans. Total interest and loan fee income in the second quarter was $57.0 million, a 0.7% increase from $56.6 million compared to the second quarter of 2024. Interest and fees on loans increased $4.0 million while interest and dividends on investment securities decreased $2.9 million for quarter ending June 30, 2025 compared to June 30, 2024 on asset mix change year-over-year. Interest income to average earning assets increased to 4.67% compared to 4.40% as of June 30, 2024. Assets totaled $4.9 billion as of June 30, 2025, decreasing $192.3 million compared to June 30, 2024, primarily due to the repayments under the Federal Reserve Bank Term Funding Program during 2024. Return on assets as of June 30, 2025, increased to 1.46%, thirty-eight basis points higher than June 30, 2024, due to strong net income performance during 2025. Total interest expense for the second quarter was $11.8 million, down $4.7 million from $16.5 million compared to the second quarter of 2024, and includes $3.8 million interest incurred on borrowed funds in 2024. Deposits and repurchase agreements totaled $4.3 billion on both June 30, 2025 and June 30, 2024, with corresponding interest expense declining $0.9 million for the second quarter June 30, 2025 as compared to June 30, 2024. Interest expense to average earning assets decreased to ninety-eight basis points compared to 1.42% as of June 30, 2024. Net interest margin through June 30, 2025, was 3.69% compared to 2.98% for June 30, 2024. Noninterest operating income for second quarter 2025 was $7.4 million, and remains consistent with second quarter 2024. Noninterest expenses for second quarter 2025 increased $1.4 million compared to the same period in 2024, primarily due to an increase in salaries and benefits driven by the rising cost of health care. The efficiency ratio for June 30, 2025, was 50.58% and remains better than First National's peer groups, both in Alaska and across the nation. Shareholders' equity was $550.1 million as of June 30, 2025, compared to $485.2 million as of June 30, 2024. This $64.9 million increase resulted from a decrease in the net unrealized loss position of the securities portfolio and net income retained in excess of dividends paid. Return on equity as of June 30, 2025 was 13.53%, compared to 12.30% as of June 30, 2024. Book value per share increased to $173.71, compared to $153.20 as of June 30, 2024. The bank's June 30, 2025 Tier 1 leverage capital ratio of 11.95% remains above well-capitalized standards. ABOUT FIRST NATIONAL BANK ALASKA Alaska's community bank since 1922, First National Bank Alaska proudly meets the financial needs of Alaskans with ATMs and 28 locations in 19 communities throughout the state, and by providing banking services to meet their needs across the nation and around the world. For more than a century, the bank has been committed to supporting the communities it serves. In 2024, for the eighth consecutive reporting period, over a span of twenty-four years, First National received an Outstanding Community Reinvestment Act performance rating from the Office of the Comptroller of the Currency. In 2025, Alaska Business readers voted First National 'Best of Alaska Business' in the Best Place to Work category for the 10th year in a row, Best Bank/Credit Union for the fifth time, and Best Customer Service for the second year in a row. That year, Forbes also selected First National as the sixth best bank on their America's Best Banks list and one of the top two Banks in the State, and Newsweek recognized the bank as one of the nation's Best Regional Banks and Credit Unions. The bank was also voted 'Best of Alaska' in 2024 in the Anchorage Daily News awards, ranking as one of the top three in the Bank/Financial category for the sixth year in a row. American Banker again recognized First National as a 'Best Bank to Work For' in 2024, for the seventh consecutive year. First National Bank Alaska is a Member FDIC, Equal Housing Lender, and recognized as a Minority Depository Institution by the Office of the Comptroller of the Currency, as it is majority-owned by women. Contact Corporate Communications907-777-3409 Financial Overview (Unaudited) Quarter Ended ($ in thousands) 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 Balance Sheet Total Assets $ 4,923,803 $ 4,890,081 $ 4,997,767 $ 5,557,306 $ 5,116,066 Total Securities $ 1,859,645 $ 1,882,332 $ 1,928,625 $ 2,602,519 $ 2,197,788 Total Loans $ 2,591,713 $ 2,607,081 $ 2,469,935 $ 2,445,596 $ 2,391,593 Total Deposits $ 3,586,204 $ 3,580,147 $ 3,679,155 $ 3,728,181 $ 3,698,631 Repurchase Agreements $ 731,808 $ 716,908 $ 743,193 $ 647,043 $ 615,096 Total Deposits and Repurchase Agreements $ 4,318,012 $ 4,297,055 $ 4,422,348 $ 4,375,224 $ 4,313,727 Total Borrowing under the Federal Reserve Bank Term Funding Program $ - $ - $ - $ 249,868 $ 249,868 Unrealized Loss on Marketable Securities, Net of Tax $ (40,193 ) $ (49,465 ) $ (62,985 ) $ (52,020 ) $ (86,857 ) Total Shareholders' Equity $ 550,135 $ 535,148 $ 516,562 $ 527,864 $ 485,167 Income Statement Total Interest and Loan Fee Income $ 56,999 $ 55,863 $ 63,262 $ 64,421 $ 56,593 Total Interest Expense $ 11,842 $ 11,956 $ 18,591 $ 21,319 $ 16,521 Provision for Credit Losses $ 631 $ 1,535 $ (118 ) $ (432 ) $ 318 Total Noninterest Operating Income $ 7,363 $ 6,910 $ 7,178 $ 7,487 $ 7,361 Net Gains on Investment Securities $ - $ - $ 10 $ - $ 208 Total Noninterest Expense $ 27,083 $ 25,334 $ 27,696 $ 25,928 $ 25,637 Provision for Income Taxes $ 6,423 $ 6,214 $ 4,350 $ 7,099 $ 6,039 Net Income $ 18,383 $ 17,734 $ 19,931 $ 17,994 $ 15,647 Earnings per Common Share $ 5.80 $ 5.60 $ 6.29 $ 5.68 $ 4.94 Dividend per Common Share $ 4.00 $ 4.00 $ 6.40 $ 3.20 $ 3.20 Financial Measures Return on Assets 1.46 % 1.42 % 1.22 % 1.15 % 1.08 % Return on Equity 13.53 % 13.49 % 13.60 % 12.90 % 12.30 % Net Interest Margin 3.69 % 3.63 % 3.12 % 3.04 % 2.98 % Interest Income to Average Earning Assets 4.67 % 4.61 % 4.57 % 4.51 % 4.40 % Interest Expense to Average Earning Assets 0.98 % 0.98 % 1.45 % 1.47 % 1.42 % Efficiency Ratio 50.58 % 49.70 % 53.51 % 53.59 % 54.94 % Capital Shareholders' Equity/Total Assets 11.17 % 10.94 % 10.34 % 9.50 % 9.48 % Tier 1 Leverage Ratio 11.95 % 11.72 % 10.54 % 10.39 % 11.12 % Regulatory Well Capitalized Minimum Ratio - Tier 1 Leverage Ratio 5.00 % 5.00 % 5.00 % 5.00 % 5.00 % Tier 1 (Core) Capital $ 590,328 $ 584,613 $ 579,547 $ 579,884 $ 572,024 Credit Quality Nonperforming Loans and OREO $ 9,802 $ 4,243 $ 4,313 $ 4,186 $ 4,731 Nonperforming Loans and OREO/Total Loans 0.38 % 0.16 % 0.17 % 0.17 % 0.20 % Nonperforming Loans and OREO/Tier 1 Capital 1.66 % 0.73 % 0.74 % 0.72 % 0.83 % Allowance for Loan Losses $ 20,025 $ 19,500 $ 18,025 $ 18,550 $ 19,000 Allowance for Loan Losses/Total Loans 0.77 % 0.75 % 0.73 % 0.76 % 0.79 % Net interest margin, yields, and efficiency ratios are tax effected. Financial measures are year-to-date. Per common share amounts are not in thousands.
Yahoo
16 minutes ago
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Herz P1 Smart Ring: 24/7 Health Monitoring, Sleep, Stress & Heart Rate Tracking
WuzuTech's Herz P1 Smart Ring: Revolutionizing Wellness with 24/7 Health Monitoring, Real-Time Insights, and Continuous Tracking New York City, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Herz P1 Smart Ring: 24/7 Health Monitoring, Sleep, Stress & Heart Rate Tracking IN THIS RELEASE, YOU'LL DISCOVER: Why demand for wearable health monitoring devices is accelerating in 2025 How the Herz P1 Smart Ring tracks heart rate, sleep patterns, stress levels, and activity metrics around the clock The design elements that make Herz P1 comfortable for all-day, all-night wear The role of real-time data insights in improving personal wellness decisions Market trends showing how smart rings are reshaping the future of health technology Which types of users benefit most from 24/7 wearable monitoring solutions Balanced perspectives on the strengths and limitations of smart ring technology Herz P1's mission to make advanced health tracking accessible and easy to use TL;DR SUMMARY The Herz P1 Smart Ring is a next-generation wearable designed to deliver 24/7 health monitoring, including heart rate tracking, sleep analysis, stress measurement, and activity tracking — all in a sleek, comfortable ring. As consumer interest in personalized wellness technology grows in 2025, the Herz P1 stands out for its blend of precision sensors, minimalist design, and real-time data feedback. This article explores why demand for smart rings is surging, how Herz P1 works, who it's designed for, and the broader trends shaping the wearable health market. With balanced insights into both the advantages and limitations of smart ring technology, readers will gain a clear understanding of how the Herz P1 Smart Ring fits into the future of health and wellness. SECTION 1 — WHY INTEREST IN 'SMART RINGS' IS SURGING IN 2025 The global wearable technology market is experiencing one of its most significant shifts yet in 2025 — and smart rings are at the center of this transformation. While smartwatches have long dominated the space, a growing number of consumers are seeking devices that deliver comprehensive health insights without the bulk or constant on-screen distractions. This demand has fueled a surge in interest for sleek, discreet wearables like the Herz P1 Smart Ring, which offers advanced tracking capabilities while maintaining a minimal footprint in daily life. Several market forces are driving this trend. First, the wellness industry has expanded its focus from fitness alone to overall health optimization, placing greater value on continuous, passive monitoring of vital signs. The rise of preventative health is reshaping how consumers view their overall health management. Today's wearables, including the Herz P1, play an integral part in this transformation, empowering individuals to track metrics like heart rate, sleep patterns, and stress levels in real time. Second, more individuals are prioritizing stress management, sleep quality, and heart health as key components of long-term well-being — areas where smart rings excel due to their constant skin contact and high sensor accuracy. According to recent studies, stress-related illnesses and sleep disorders are on the rise globally, further driving the demand for accessible solutions like the Herz P1 Smart Ring. Third, technological advancements have made it possible to pack precision sensors, Bluetooth connectivity, and long-lasting batteries into a compact, stylish form factor. As consumer awareness increases about the power of data-driven decisions, real-time data combined with long-term trend tracking helps users adjust their routines to achieve optimal health outcomes. The growing intersection of fashion, comfort, and technology positions smart rings not just as gadgets but as integral tools for everyday health management. With the Herz P1, users gain access to advanced health insights without sacrificing style or comfort. . SECTION 2 — HOW THE HERZ P1 SMART RING DELIVERS 24/7 HEALTH MONITORING The Herz P1 Smart Ring is engineered to provide continuous, around-the-clock health tracking without disrupting daily routines or sleep. Its design integrates advanced biometric sensors directly into a lightweight titanium alloy band, ensuring constant skin contact for optimal reading accuracy. Unlike bulkier devices, the ring format allows for consistent wear — even while sleeping, exercising, or performing everyday activities. At the core of its functionality is a multi-sensor system capable of capturing key wellness metrics in real time. This includes heart rate monitoring, sleep cycle analysis, stress level measurement, and activity tracking, all of which are transmitted to a companion app for easy review. The app's dashboard organizes data into intuitive charts and trends, making it simple for users to understand their health patterns and identify changes over time. The sleep tracking feature is particularly notable. By monitoring resting heart rate, micro-movements, and body temperature, it can map out light, deep, and REM sleep stages, offering actionable insights into how rest quality impacts overall wellness. Sleep is often overlooked in wellness regimens, but its importance in recovery, mood regulation, and cognitive function is clear. The Herz P1 helps individuals understand the direct impact their sleep has on their health, including how external factors like stress and exercise influence sleep patterns. The stress monitoring function also utilizes heart rate variability (HRV) to detect elevated tension levels, enabling users to take proactive steps toward relaxation and recovery. This level of monitoring, while valuable for anyone, can be especially beneficial for busy professionals or parents who face high daily stressors. Battery efficiency is another advantage — the Herz P1 Smart Ring is designed for extended wear between charges, ensuring uninterrupted monitoring for days at a time. Combined with its durable, water-resistant construction, the device supports a seamless integration into users' daily lives while maintaining accuracy and reliability in various environments. SECTION 3 — KEY FEATURES THAT MAKE THE HERZ P1 STAND OUT IN THE SMART RING MARKET In a rapidly expanding wearable technology landscape, the Herz P1 Smart Ring distinguishes itself through a combination of precision engineering, user-focused design, and comprehensive functionality. While many smart rings offer basic tracking, the Herz P1 integrates an advanced set of features that appeal to both wellness enthusiasts and everyday users seeking reliable health insights. One of its defining attributes is the high-accuracy biometric sensor suite, which captures continuous heart rate, sleep stages, stress levels, and daily activity data. This level of detail is comparable to — and in some cases exceeds — what's found in larger wrist-worn devices, but without the added bulk. The ring's minimalist design also ensures it complements both casual and formal attire, making it practical for 24/7 wear. The Herz P1's companion mobile app enhances its usability by presenting clear, actionable information. Data visualizations allow users to easily interpret trends, while goal-setting tools help align daily habits with long-term health objectives. For those who value discretion, the device's low-profile form factor ensures advanced tracking without drawing attention, a benefit for professionals and individuals in social settings. Another key strength is its durability and comfort. Constructed from lightweight yet robust titanium alloy, the Herz P1 is resistant to scratches, moisture, and temperature fluctuations. The ergonomic inner band ensures a comfortable fit for long-term wear, even during intense workouts or overnight use. Battery life optimization means users can enjoy uninterrupted tracking for multiple days before needing to recharge. By merging fashion, comfort, and science-backed performance, the Herz P1 Smart Ring positions itself as a versatile choice in the wearables market — bridging the gap between traditional health trackers and next-generation, discreet monitoring solutions. SECTION 4 — INTEGRATION WITH OTHER DIGITAL HEALTH TOOLS The Herz P1 Smart Ring does not just operate in isolation; it seamlessly integrates with a variety of health and wellness platforms to offer a more holistic view of your wellness journey. It can sync with fitness apps like Strava or Google Fit, allowing users to consolidate their health data across multiple platforms for easier management and analysis. This integration enables users to set personalized wellness goals, track progress over time, and gain a deeper understanding of how their lifestyle affects their overall health. In addition, the Herz P1 is also designed to integrate with smart home devices such as sleep trackers, air purifiers, or temperature regulation systems, offering users a connected ecosystem for optimal wellness. Imagine your smart ring communicating with your home's thermostat to adjust the room temperature based on the sleep data it collects, or sending alerts about elevated stress levels to help prompt mindfulness practices — all integrated into one unified health experience. This interconnectedness makes the Herz P1 an essential part of any modern health monitoring routine, helping users make informed, data-driven decisions to support their long-term health goals. SECTION 5 — WHO BENEFITS MOST FROM USING THE HERZ P1 SMART RING The Herz P1 Smart Ring is designed to serve a diverse range of users, making it a versatile health monitoring solution for various lifestyles and wellness goals. Its discreet size and advanced capabilities appeal to those who value both functionality and aesthetics, while its ease of use ensures accessibility for individuals at different stages of their health journey. Health-conscious professionals are a prime audience, as the ring enables them to monitor key wellness metrics without disrupting their busy schedules. With its subtle design, it can be worn in boardrooms, during travel, or in client-facing roles without attracting attention, while still providing continuous tracking in the background. Athletes and fitness enthusiasts also stand to benefit from the Herz P1's precision tracking. By analyzing heart rate variability, recovery patterns, and sleep quality, they can fine-tune training programs and improve recovery strategies, ultimately supporting better performance outcomes. For individuals managing stress or seeking to improve sleep quality, the ring's continuous monitoring provides valuable feedback. Real-time stress detection empowers users to take preventative action, while detailed sleep insights help identify habits or factors that may be affecting rest. Older adults and those monitoring heart health can use the Herz P1 as a non-invasive, easy-to-wear tool to stay informed about their wellness status. Its intuitive app interface and long battery life make it a low-maintenance option for consistent use. Overall, the Herz P1's combination of accuracy, comfort, and all-day wearability ensures it can meet the needs of anyone seeking reliable, data-driven health insights without the inconvenience of larger, more obtrusive devices. SECTION 6 — THE GROWING MARKET FOR WEARABLE HEALTH TECHNOLOGY IN 2025 The wearable health technology market has seen consistent growth over the past decade, and 2025 is shaping up to be a pivotal year for innovation, adoption, and consumer expectations. Advancements in sensor technology, data analytics, and miniaturization have opened the door for devices like the Herz P1 Smart Ring to provide comprehensive monitoring in a discreet, stylish form. A major factor driving demand is the increased consumer focus on preventative health. Rather than waiting for medical issues to arise, individuals are seeking tools that can help them monitor their wellness daily, catch early warning signs, and make informed lifestyle adjustments. Wearables offer a convenient way to collect and review this data without requiring invasive procedures or frequent clinic visits. The rise of remote work and hybrid lifestyles has also played a role. With more time spent at home, users are taking a greater interest in self-tracking and optimizing health habits. Devices that deliver actionable insights — such as sleep cycle reports, heart rate trends, and stress level analysis — are in high demand. Additionally, the integration of AI and cloud-based analytics is transforming the wearable experience. Smart rings like the Herz P1 can sync with secure apps to provide personalized recommendations based on long-term data patterns, allowing for a level of customization that was not possible just a few years ago. Finally, the fashion-forward approach to wearable design is attracting a broader demographic. The Herz P1's minimalistic, premium look means it appeals not only to tech enthusiasts but also to style-conscious users who previously avoided bulkier health trackers. With these trends converging, the wearable tech sector is set for rapid expansion, and smart rings are emerging as one of the most promising categories within it. Discover how the Herz P1 Smart Ring supports health and wellness monitoring. SECTION 7 — CONTACT INFORMATION Company: WuzuTech Herz P1Email: support@ Support: (866) 479-1629 Address:WuzuTech LLC839 E Market StSte 106 #165Akron, OH 44305United States Disclaimer: The statements in this release are for informational purposes only and are not intended to diagnose, treat, cure, or prevent any disease or health condition. The information provided about the Herz P1 Smart Ring is based on publicly available sources, manufacturer claims, and product descriptions at the time of publication. Individual results from using the product may vary. This release does not constitute medical advice, and readers should consult a qualified healthcare professional before starting or changing any health-related regimen, including the use of wearable health devices. The Herz P1 Smart Ring is designed as a consumer wellness product and should not replace professional medical equipment or services. The publisher of this release has no liability for any direct, indirect, or consequential damages arising from the use or misuse of the product. All product names, logos, and brands are the property of their respective owners. CONTACT: Email: support@ Phone Support: (866) 479-1629
Yahoo
16 minutes ago
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How Much the Average Upper-Class Retiree Receives in Benefits at Age 80
The average monthly Social Security retirement benefits for a 62 year old equals $1,341.61 versus $2,148.12 for 70 year olds, according to Social Security Administration (SSA) data. However, there's no advantage to waiting until after 70 to claim Social Security benefits. And as it turns out, the average monthly retirement benefits for an 80 year old — $2,006.20 — are actually a little less than for 70 year olds. That's not because the SSA reduces your benefit amounts as you age, but instead, average benefits reflect when recipients first claim benefits and how much they've earned over their careers. For You: Read Next: '[This] could be a result of workforce participants working longer, past age 65. Those that are older, in their 80s and 90s, may have retired earlier in life than generations that have followed,' said Urban Adams, wealth manager at Dynamic Wealth Advisors. A similar dynamic plays out for upper class retirees, even though older, wealthy retirees still receive higher Social Security amounts than the average recipient — here's how it breaks down. Calculating Average Upper Class Social Security Benefits at Age 80 On average, 80 to 89 year olds in the 90th percentile of Social Security benefits receive $2,849 per month, according to the SSA. That's about 47% more than the median benefits for those in the same age range. So, by adding 47% to the average reported Social Security retirement benefits of an 80 year old — $2,006.20, as previously mentioned — that means we can estimate the average 80-year-old, upper-class retiree at the 90th percentile of Social Security benefits receives approximately $2,949 per month. Check Out: Even though that's almost $1,000 more per month than the average octogenarian receives, it's still not enough for most retirees to live on, especially if you're trying to soak up your senior years, not just skate by. The average household expenditures for those ages 75 and older equal roughly $4,500 per month, according to the U.S. Bureau of Labor Statistics (BLS). And for those in the top-fifth income quintile, regardless of age, average spending totals nearly $12,000 per month, per the BLS. So, while combining Social Security checks might be enough for some partnered retirees, supplementing these benefits with other sources of retirement income is often key, especially for those looking to maintain an upper-class lifestyle. More From GOBankingRates 5 Ways Trump Signing the GENIUS Act Could Impact RetireesThe 5 Car Brands Named the Least Reliable of 2025 This article originally appeared on How Much the Average Upper-Class Retiree Receives in Benefits at Age 80 Sign in to access your portfolio
