logo
Thrive celebrates completion of housing project

Thrive celebrates completion of housing project

Yahoo19-02-2025
TERRE HAUTE, Ind. (WTWO/WAWV) — There was a celebration Tuesday, for the completion of a new housing project in Terre Haute.
Thrive West Central and the City of Terre Haute, presented over $77,000 to Wallace Building Contractors. The builder constructed eight homes on College Street through Thrive's Homes for the Future Program.
Thrive West Central celebrates new housing development
Assisted through funding from the city's ARPA funds, this money will help the builder offset infrastructure costs. That fund is used as an incentive for homebuilders and developers to construct new homes in the area.
'This is a phenomenal program. I think we're up to 288 housing units created here within the city of Terre Haute alone and that is somewhere around a $66 million private sector investment into our community and throughout the year of 2025 and 2026, we will continue to see those numbers just escalate,' said Ryan Keller CEO of Thrive West Central.
Officials also say all eight homes built in this project are already sold.
The first home is complete in Brazil as part of Thrive's Homes for the Future project
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

If I Could Only Buy and Hold a Single Stock, This Would Be It
If I Could Only Buy and Hold a Single Stock, This Would Be It

Yahoo

timea day ago

  • Yahoo

If I Could Only Buy and Hold a Single Stock, This Would Be It

Key Points Amazon and its management team are experienced with trying new things. Every success or failure, however, is a learning experience. History has shown that companies that foster innovation and don't punish failure tend to thrive, while those that fear it or are unwilling to adapt often struggle. 10 stocks we like better than Amazon › Investors can own as many individual stocks as they want and can afford. Sometimes, though, hypothetically imagining that you're limited to just one can be enlightening. That thought experiment forces you to rate and rank the strengths and flaws of every investment candidate on your radar. This process can -- in a good way -- really help you narrow down your list to a small handful of top options. Or one. And I know exactly which one that would be for me. If I could only buy and hold a single stock, it would be Amazon (NASDAQ: AMZN). Here's why. What Amazon really is You very likely already know the company. Amazon is, of course, the king of North American e-commerce, accounting for nearly 40% of the market's total revenue, according to research by Digital Commerce 360. It's doing alright overseas, too. Then there's its cloud computing arm, Amazon Web Services, which provides a relatively small portion of its revenue, but is responsible for nearly 60% of the company's operating profits. However, these numbers still don't even come close to telling the whole story. Amazon also manages an on-demand video platform (Prime), owns grocery store chain Whole Foods Markets, does delivery work for other online retailers, and sells prescription pharmaceuticals through its Pillpack arm. It also monetizes its online mall by allowing its sellers to pay for more prominent promotion, creating an advertising business that generated $15.7 billion in revenue last quarter alone, by the way. On top of all that, it owns websites and Twitch, and is the parent to camera-doorbell brand Ring. There's a method to the madness behind these seemingly disparate lines of business, though. While most companies focus on doing one or two things extremely well, Amazon has orchestrated several different lines of business, each of which fuels another, and each of which is fueled by another. The result is a mesh of different profit centers that ultimately funnels consumers and corporations into Amazon's ecosystem. Yes, it's complicated, but yes, Amazon can handle it. That's not quite the only reason I'd be willing to make Amazon my one and only stock holding, though. Jeff Bezos started it Companies founded or grown by bigger-than-life leaders can make for potentially problematic investments. It's just difficult to determine if it's the company that's something special, or the person. If it's the person, what happens when that individual is no longer at the helm? Case in point: General Electric was never quite the same after Jack Welch stepped down as CEO in 2001. Steve Jobs was also nearly synonymous with Apple until he passed the torch to Tim Cook in 2011. While Cook has been a solid successor, he's arguably not quite as captivating or magical as his predecessor. Neither is Apple under him. Still, most high-profile chief executives -- and founders in particular -- manage to leave their mark on their company's culture. That imprint remains part of the organization's ethos even in their absence. While current Amazon CEO Andy Jassy is no Jeff Bezos, for instance, Bezos' philosophy remains. Take, for example, the company's willingness to experiment. As Bezos noted in his 2016 letter to Amazon's shareholders, "Most large organizations embrace the idea of invention, but are not willing to suffer the string of failed experiments necessary to get there." That does not describe Amazon, though. Bezos made a point of fostering a "fail fast, fail often" work culture that did end up producing some failures, such as the Fire smartphone. Such experiments, however, also led to the creation of Amazon Web Services and Amazon Prime, the latter of which has been a massive growth driver for the company. Now Jassy is blending his own mindset with Bezos'. As he said while discussing the company's core 16 leadership principles, "At Amazon, you are not just empowered to speak up if you think we're doing something wrong for customers of the business. You're expected to do so, regardless of level." It works. Amazon is an even bigger company now than it was when Bezos stepped down as CEO. Don't underestimate the power of a willingness to innovate Many investors will point out that a healthy corporate culture doesn't pay the bills. I agree. At some point, to thrive, every company must sell its products or services profitably. Amazon is no exception. History has shown, however, that companies with corporate cultures that encourage innovation and don't punish failure tend to prosper while organizations that are cautiously and defensively managed often struggle. Compare Alphabet today to post-Welch GE, for instance. The manufacturing conglomerate ultimately hit a wall after years of obscuring the true depth of its insurance arm's liabilities from a management team that might have been able to fix them (although the company didn't exactly embrace the advent of the digital age either). Or compare Blockbuster to Netflix. The once-giant video rental chain infamously had a chance to buy the latter for a mere $50 million back in 2000. At the time, Blockbuster was doing on the order of $4 billion worth of business per year, and could have easily purchased Netflix, if only to take its budding competitor out of the market. But it didn't. In its defense, Blockbuster's decision at the time wasn't quite the obvious misstep it seems in retrospect. Remember, Netflix wasn't yet streaming then. It was still only renting DVDs by mail. Given Blockbuster's dominance of the brick-and-mortar movie rental business back in 2000, the logistics behind this new kind of movie rental business model understandably didn't make sense to the now-defunct company. In many regards, though, that story underscores the underlying theme here in an even more effective way. Even if Blockbuster didn't want Netflix, Blockbuster certainly could have leveraged its own powerful brand to become a streaming powerhouse. Likewise, if not Netflix, some other enterprising outfit would have eventually launched the streaming-video business. Netflix was simply the outfit that tried the idea out first, knowing when it did so that it might end in failure. So for my money, I'll bet on a company that is experienced with managing experiments' successes as well as failures -- and learning from both -- to evolve and thrive. That said, it certainly doesn't hurt the bullish argument that Amazon has the financial flexibility to experiment. With its $2.5 trillion market cap, it does more than $600 billion worth of business per year, and turns about $60 billion of that into net income. Meanwhile, it's only sitting on a little over $80 billion in long-term debt. It's much easier not to fear failure when you can actually afford to take big swings, miss, and try again. Should you invest $1,000 in Amazon right now? Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 James Brumley has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, and Netflix. The Motley Fool recommends GE Aerospace. The Motley Fool has a disclosure policy. If I Could Only Buy and Hold a Single Stock, This Would Be It was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Databricks CEO says fresh $1B will help him attack a new AI database market
Databricks CEO says fresh $1B will help him attack a new AI database market

TechCrunch

time2 days ago

  • TechCrunch

Databricks CEO says fresh $1B will help him attack a new AI database market

Databricks is in the process of closing a fresh round at a $100 billion valuation, sources confirmed to TechCrunch. The round was originally reported by the Wall Street Journal. A source familiar with the deal tells TechCrunch exclusively the new round is about $1 billion, and was wildly oversubscribed. Databricks, best known for its data analytics products, refrained from selling even more equity because it didn't need cash for operations after its once record-breaking $10 billion raise at a $62B valuation in January, according to the source. (OpenAI has since squashed the record with a $40 billion raise in March.) The round was co-led by both Thrive and one of Databrick's early investors, Insight Partners, TechCrunch has learned. These two firms led the last round, as well. The company has now raised about $20 billion since it was founded in 2013. This was a primary round, meaning it didn't include employees selling their shares. However, sources close to the company say Databricks has already had two secondary rounds for employees in 2025. Those offers allowed employees to sell up to 40%, 50%, or up to 60% of their shares, depending on the size of their holdings. In both cases, the source said, the full funds available for the secondary round were not maxed out, meaning employees held onto more shares than they could have sold. While Databricks clearly isn't in a hurry to IPO, employees have had two recent chances to cash out shares. This new round, however, was raised to pursue two specific projects — a database for AI agents and its AI agent platform — Databricks co-founder and CEO Ali Ghodsi told TechCrunch in an interview. The company will invest heavily in its database for AI agents, making it generally available to all customers. It launched the product, known as Lakebase, in June at its annual tech conference. Lakebase, which is based on the open source database Postres, is enterprise-grade and supports corporate developers' vibe coding projects. This makes it a competitor to Supabase. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital, Elad Gil — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $600+ before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW 'The database market is $105 billion of TAM, of revenue, sitting there, kind of unaffected in the last 40 years,' Ghodsi told TechCrunch, giving a subtle nod to how database giant Oracle has had a lock on the market for decades. TAM refers to the total addressable market. 'Here's the interesting statistic nobody's paying attention to: a year ago, we saw in the data that 30% of the databases were not created by humans. For the first time, they were created by AI agents. And this year, the statistic is 80%,' he said, adding that he predicts this stat to increase to 99% of new databases within a year. 'There's a new user. The user is not human. It's an AI agent, and if we just double down on making that user persona successful, that's the wedge to disrupt that TAM,' he said. As for how Lakebase will differentiate from Supabase and others already building Postgres-based databases for agents, Ghodsi said the key is 'separated compute and storage.' By untying the pricey compute from the lower-cost storage, Databricks can affordably let users create many databases. 'Because these agents are super fast. They just spin up lots of databases, much faster than humans can, but you don't want to go bankrupt because you're doing that,' he explained. The second project Databricks will be investing heavily in is AI agent platform Agent Bricks, also launched in June. 'Everybody's super focused on super intelligence,' Ghodsi said. 'But that's not what we need in organizations.' Rather than artificial general math geniuses or cancer-curing scientists, what companies need are agents that can reliably handle, unaided, mundane tasks like onboarding employees or answering personalized questions about HR benefits. 'I think that's a much bigger opportunity, actually, for the worldwide GDP and for organizations,' he said. He believes that such focus will give Agent Bricks a competitive advantage. He also raised the extra cash so Databricks can get into the AI poaching wars. 'As you know, it's pretty expensive to hire AI talent right now,' he smiled.

Prediction: President Donald Trump's Tariff and Trade Policy Will Soon Mint a New Trillion-Dollar Stock
Prediction: President Donald Trump's Tariff and Trade Policy Will Soon Mint a New Trillion-Dollar Stock

Yahoo

time2 days ago

  • Yahoo

Prediction: President Donald Trump's Tariff and Trade Policy Will Soon Mint a New Trillion-Dollar Stock

Key Points Only 11 companies globally -- 10 of which trade on U.S. exchanges -- have ever reached the psychological $1 trillion market cap plateau. President Trump's tariff and trade policy is providing modest upward pressure on prices, which is a concern for most businesses. However, one industry leader is ideally positioned to thrive off of tariff-related uncertainty. 10 stocks we like better than Walmart › For more than a century, no asset class has generated a higher average annual return for investors than stocks. Though the ride can be bumpy, time-tested and innovative market leaders have helped power the benchmark S&P 500 (SNPINDEX: ^GSPC), iconic Dow Jones Industrial Average (DJINDICES: ^DJI), and growth stock-dominated Nasdaq Composite (NASDAQINDEX: ^IXIC) to new heights. But among the thousands of publicly traded stocks investors can choose from, there exists an elite class of businesses that have accomplished something very few public companies can tout. Only 11 public companies around the world have reached the psychologically important trillion-dollar market cap plateau. This includes all members of the "Magnificent Seven," along with Warren Buffett's Berkshire Hathaway, Taiwan Semiconductor Manufacturing, Broadcom, and Saudi Aramco, the latter of which isn't traded on U.S. exchanges. Gaining entrance into this exclusive club is difficult, with the closest company currently more than $200 billion away. But because of various dynamics of President Trump's tariff and trade policy, a pathway has been laid for the next trillion-dollar stock to be minted -- and no, it's not a tech company! President Trump's tariff policies are stoking inflationary fears On April 2, after trading had ended for the day on Wall Street, Trump unveiled his long-awaited tariff and trade policy. He introduced a baseline global tariff of 10%, as well as revealed higher "reciprocal tariff rates" on dozens of countries that have run adverse trade imbalances with the United States. Although reciprocal tariffs have been paused and adjusted on numerous occasions since early April, and the president has worked out a number of trade deals, there are uncertainties brought to the table by Trump's tariff and trade policies. For instance, there's the worry of how American products will be treated in overseas markets, even those with trade deals in place. Anti-American sentiment has the potential to manifest into fewer American goods being purchased internationally, which would hurt businesses domestically. However, the biggest concern with Donald Trump's tariff policy is what it might do to the prevailing rate of inflation in the United States. In December, four New York Federal Reserve economists at Liberty Street Economics released a report, called Do Import Tariffs Protect U.S. Firms?, that examined the impact of Trump's China tariffs in 2018-2019 on stocks and the U.S. economy. In particular, the authors pointed to the Trump administration's failure to make clear distinctions between output and input tariffs when the China trade war kicked off. An output tariff is an import duty placed on a finished product. If the president wants to use tariffs as a tool to promote domestic manufacturing and protect U.S. interests, this is the type of tariff that may be able to get it done. Meanwhile, an input tariff is assigned to an imported good used to complete the manufacture of a product in the United States -- for example, importing precious metals, fasteners, and so on, to build a product domestically. Input tariffs run the risk of noticeably increasing the prevailing rate of inflation and hurting corporate margins. Over the previous two months, the trailing-12-month (TTM) inflation rate for the Consumer Price Index for All Urban Consumers (CPI-U) rose from 2.35% to 2.7%. This is when the effect of Trump's tariffs began showing up in the monthly inflation report. Although inflationary pressure is a concern for most businesses, it's the perfect catalyst to mint the next trillion-dollar stock on Wall Street. Walmart is ideally positioned to join Wall Street's exclusive trillion-dollar club While high-growth tech stocks and anything having to do with artificial intelligence (AI) have dominated the trillion-dollar ranks, the next member might just be retail powerhouse Walmart (NYSE: WMT). It's roughly $202 billion away from reaching the $1 trillion mark, as of the closing bell on Aug. 15. For most companies, inflationary pressures are troublesome. Some degree of pricing power is expected from America's leading businesses. However, a TTM increase in the CPI-U of 3% or greater has a tendency to raise eyebrows on Wall Street. This figure is very much in sight, with the effect of Trump's tariffs beginning to show up in monthly inflation data. Size has always been one of Walmart's clearest competitive advantages. Having deep pockets and being able to buy products in bulk helps to lower the per-unit cost of each item. This gives Walmart the ability to undercut traditional mom-and-pop retailers and even national grocery chains on price to drive traffic into its stores. Though Walmart is likely going to eat a portion of the import tariffs it's exposed to, it's important to look at the bigger picture. Namely, it's historically positioned itself as a low-cost/value retailer. When the collective cost for goods and services climbs, consumers typically respond by turning to Walmart for more of their purchases. Even if the company eats some portion of Trump's tariffs, an uptick in sales and foot traffic will more than outweigh any adverse impact on its margins from tariffs. Furthermore, Walmart is leaning into artificial intelligence (AI) as a tool to lower costs, increase sales, and improve customer loyalty. AI and machine learning are aiding inventory management and logistics, with automation in some of the company's warehouses focused on reducing inefficiencies and improving order fulfillment times. Walmart+ is yet another catalyst for this nearly $800 billion company. Expanding its online subscription platform generates recurring revenue, boosts customer loyalty to the brand, and reinforces access to its low prices for shoppers of all walks. In the fiscal first quarter, ended April 30, global e-commerce sales surged 22%, with its U.S. online platform shifting to profitability. Although the full impact of President Trump's tariffs is difficult to predict, history paints a relatively clear picture that Walmart is one of the few businesses ideally positioned to thrive off this uncertainty. If the cards fall in its favor, it can become Wall Street's next trillion-dollar stock. Do the experts think Walmart is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Walmart make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,070% vs. just 184% for the S&P — that is beating the market by 885.55%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 Sean Williams has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway, Taiwan Semiconductor Manufacturing, and Walmart. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy. Prediction: President Donald Trump's Tariff and Trade Policy Will Soon Mint a New Trillion-Dollar Stock was originally published by The Motley Fool

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store