Vision Fund Citizen Committee members selected
This committee will begin its tasks of providing detailed proposals with the Vision Funds budget for the 2025-2029 time frame.
The Vision Fund's first approval was the Civic Center, now named The Monument, back in 1977.
'We want to keep this as fair and objective as we can, representing the community as a whole. I think we did a great job really getting people with a great mix of backgrounds on this committee and we're very fortunate to have such solid people apply to be a part of this,' Rapid City Mayor Jason Salamun said.
The City's Vision Fund Citizen Committee will get right to work on preparing proposals to the City Council by June.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 days ago
- Yahoo
Pohlad family announces it won't sell Minnesota Twins
SIOUX FALLS, S.D. (KELO) – The Minnesota Twins are no longer for sale, according to a letter from the Pohlad family posted on the team's social media accounts Wednesday morning. Yankton Mall: 5 Below now open, more coming soon In October 2024, the Pohlad family announced it would explore selling the team but announced Wednesday 'our family will remain the principal owner of the Minnesota Twins.' 'Over the past several months, we explored a wide range of potential investment and ownership opportunities. Our focus throughout has been on what's best for the long-term future of the Twins. 'We have been fully open to all possibilities,' the family said in a statement. 'This ownership group is committed to building a winning team and culture for this region, one that Twins fans are proud to cheer for,' the family statement said. The Pohlad family said in its statement that it was in the process of adding two significant limited partnership groups as investors. The Twins are 56-63 and traded away 11 players before the trade deadline. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
CNBC
08-08-2025
- CNBC
SoftBank Group shares surge 13% to a record high after quarterly profit beat estimates
Shares of SoftBank Group surged 13% Friday to hit a fresh record, following the company's higher-than-expected fiscal first-quarter profit. This marks the Japanese investment firm's fourth straight session of gains, and comes after it closed at a record high in its previous session, before its earnings release. SoftBank's profits for the April to June quarter came in at 421.8 billion yen ($2.87 billion), substantially overshooting LSEG consensus estimates of127.6 billion yen. This marks the investment house's second consecutive quarter of profit and is a sharp reversal from the 174.28 billion yen loss it posted in the same period a year ago. The Japanese giant announced on Thursday that the value of its Vision Funds rose $4.8 billion, its largest gain since the June quarter of 2021. Profit for the Vision Funds segment, which also captures factors such as expenses, hit 451.4 billion yen in the fiscal-first quarter ended June, a reversal from losses in the same period last year. The Japanese giant attributed this to gains from private investments as well as listed companies such as the Singapore-headquartered ride-hailing firm Grab Holdings, and Indian food delivery firm Swiggy. Companies that have received investments through SoftBank's Vision Funds include chip designer Arm Holdings, game software player Animoca Brands and internet technology giant ByteDance. A few of the investment firm's portfolio companies are expected to go public this year. Among them is Indian eyewear retailer Lenskart which filed for an initial public offering on July 29, which includes the issue of fresh shares worth 21.5 billion rupees ($247.58 million). Other companies set to list soon include Japanese mobile payment service operator PayPay, Swedish financial services player Klarna and travel app Klook.
Yahoo
07-08-2025
- Yahoo
Nvidia, AI Bets Lift SoftBank To Profit After Brutal Year-Ago Loss
Japanese investment holding company SoftBank Group (OTC:SFTBF) (OTC:SFTBY) reported first-quarter results on Thursday. The company reported quarterly net sales of 1.82 trillion Japanese yen ($12.54 billion), up from 1.70 trillion yen ($11.71 billion) a year ago. SoftBank segment net sales grew 8% to 1.66 trillion yen ($11.43 billion). Arm (NASDAQ:ARM) net sales rose 4% to 152.9 billion yen ($1.05 billion). The division incurred a loss of 8.7 billion yen ($60 million) compared to a profit of 10.2 billion yen a year ago due to higher research and development income before tax for SoftBank was 689.9 billion yen. SoftBank's net income was 421.8 billion yen (or $2.91 billion), compared to a loss of 174.3 billion yen a year ago. The gain on investments was 486.9 billion yen (or $3.35 billion), as investment losses on T-Mobile US (NASDAQ:TMUS) shares and Alibaba (NYSE:BABA) shares were partially offset by a gain on Nvidia (NASDAQ:NVDA) shares. View more earnings on SFTBY Vision Fund investments reported a 660.2 billion yen profit (or $4.55 billion), compared to 32.4 billion yen a year ago. This was driven by higher share prices of some public portfolio companies, including Coupang (NYSE:CPNG), Symbotic (NASDAQ:SYM), and Auto1. SoftBank reported a segment income of 278.5 billion yen (or $1.92 billion) compared to 279.9 billion yen a year ago. SoftBank is aggressively investing in AI, leading a $40 billion funding round into ChatGPT developer OpenAI and awaiting the closure of its proposed $6.5 billion acquisition of AI chip firm Ampere Computing. SoftBank said it and other investors have already committed $10 billion to OpenAI, with the remaining $30 billion expected by December. SoftBank plays a key role in the massive $500 billion Stargate project in the U.S., which aims to build data centers and AI infrastructure. Investors are awaiting details on how SoftBank plans to finance this investment. Price Action: ARM stock is trading higher by 2.4% to $139.38 at last check Thursday. Photo by Michael Vi via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Nvidia, AI Bets Lift SoftBank To Profit After Brutal Year-Ago Loss originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
