Trump Imposes Additional 25% Tariff on Indian Imports
That comes on top of the 25% tariff on Indian imports Trump announced last week. India has repeatedly defended its purchases of Russian oil as necessary to support its economy and keep energy prices steady.
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Mirantis Partners with Pico Public Cloud to Launch First Sovereign Public Cloud in Bangladesh
Based on Mirantis technology, Pico Public Cloud advances Bangladesh digital infrastructure with secure, low-latency, locally-managed computing resources CAMPBELL, Calif., August 07, 2025--(BUSINESS WIRE)--Mirantis, the Kubernetes-native AI infrastructure company enabling enterprises to build and operate scalable, secure, and sovereign AI infrastructure across any environment, today announced that it has partnered with Pico Public Cloud, an affiliate of Fiber@Home, to build the first sovereign public cloud service in Bangladesh. In Bangladesh, cloud services are primarily available from offshore hyperscalers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, which can cause challenges for their users, including foreign currency restrictions, limited data residency options, latency concerns, lack of localized support, and high operating costs. Now, by comparison, Pico Public Cloud offers a cutting-edge horizontal, multi-site public cloud service provider (CSP) in Bangladesh. The collaboration between Mirantis and Pico Public Cloud focuses on data localization, residency, and a robust anything-as-a-service (XaaS) suite, enhancing digital capabilities for telecom and network providers. As a multi-site public cloud provider, Pico Public Cloud addresses the limitations of offshore hyperscalers by offering an alternative based on open-source software with full data residency, native language support, and payment in local currency. "Data sovereignty is increasingly critical as nations seek greater control over their digital infrastructure," said Srinivas Tadigadapa, strategic account director, Mirantis. "We're partnering with Pico Public Cloud to deliver a cloud platform that is tailored to the specific needs of Bangladesh customers, enabling compliance, local control, and economic efficiency. Together, we are developing a high-performing, scalable public cloud service that advances national innovation and better serves local enterprises and consumers." Businesses in finance, telecommunications, healthcare, and other industries can meet local compliance requirements while safeguarding sensitive data by using Pico Public Cloud, which guarantees that all data is processed and stored inside national borders. Pico Public Cloud facilitates local currency payments, delivers low-latency, and is supported locally. As Bangladesh advances its digital economy, Pico is able to lower cloud service costs dramatically, increasing access to digital resources in Bangladesh, and assisting in closing the digital divide between urban and rural areas by utilizing a fully open-source stack. "Pico Public Cloud is a milestone for Bangladesh," said Azad Chowdhury, CEO, Pico Public Cloud. "This collaboration combines Mirantis' scalable and secure infrastructure-as-a-service platform with our operational experience in data centers and nationwide fiber-optic infrastructure. We are using Mirantis to deliver powerful computing resources that guarantee data remains within national borders." Serving a population of more than 170 million, Pico Public Cloud brings the power of ultra-low latency infrastructure, achieving response times of just 3 to 4 milliseconds, to organizations and individuals throughout Bangladesh. Strategic partnerships, such as its collaboration with Banglalink (the country's leading telecom operator) to deliver bCloud services as a cloud reseller, further extend Pico's mission to make next-generation computing, storage, backup, and cybersecurity accessible at scale. Built on Mirantis OpenStack for Kubernetes (MOSK), the platform combines the scalability of Kubernetes with the proven virtualization capabilities of OpenStack, enabling telecom-grade multi-tenant infrastructure services. With built-in support for secure networking, software-defined storage, and lifecycle automation, MOSK empowers service providers like Pico Public Cloud to deploy reliable, secure, and cost-effective public cloud services tailored to regional needs. "This partnership enables the offering of cost-effective, secure cloud solutions to government and corporate users across all industries," said Moynul H. Siddiqui, chairman of Fiber@Home. "It is powered by Mirantis and hosted within Felicity IDC's data centers (another affiliated company of Fiber@Home), the only Tier-III certified data center facility in Bangladesh in multiple locations. With high availability, 99.98% uptime offering full redundancy and concurrent maintainability, Pico Public Cloud ensures seamless, low-latency communication while meeting stringent data residency and security requirements." Fiber@Home will host an open house on August 9–10, 2025, featuring live demonstrations of the Pico Public Cloud platform and interactive Q&A sessions designed to showcase its capabilities and foster stakeholder engagement. To learn more about Pico Public Cloud, visit About Fiber@Home Fiber@Home, along with its affiliated companies, operates as a distinguished conglomerate in Bangladesh, engaging in nationwide initiatives that foster a comprehensive telecommunications ecosystem. Its services span internet bandwidth, data centers, and cloud solutions, all driven by a commitment to leading the digital transformation with exceptional service for stakeholders. As part of its innovative ventures, Pico Public Cloud enhances Fiber@Home's portfolio, serving as a strategic addition to accelerate digital progress in Bangladesh. For further details, visit: and About Mirantis Mirantis is the Kubernetes-native AI infrastructure company, enabling organizations to build and operate scalable, secure, and sovereign infrastructure for modern AI, machine learning, and data-intensive applications. By combining open source innovation with deep expertise in Kubernetes orchestration, Mirantis empowers platform engineering teams to deliver composable, production-ready developer platforms across any environment – on-premises, in the cloud, at the edge, or in data centers. As enterprises navigate the growing complexity of AI-driven workloads, Mirantis delivers the automation, GPU orchestration, and policy-driven control needed to cost-effectively manage infrastructure with confidence and agility. Committed to open standards and freedom from lock-in, Mirantis ensures that customers retain full control of their infrastructure strategy. Mirantis serves many of the world's leading enterprises, including Adobe, Ericsson, Inmarsat, PayPal, and Societe Generale. Learn more at View source version on Contacts Joseph Eckert for Mirantisjeckert@
Yahoo
8 minutes ago
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Snap Inc. (SNAP) Nosedives 17% on Wider Net Loss
We recently published . Snap Inc. (NYSE:SNAP) is one of the worst-performing stocks on Wednesday. Shares of Snap fell by 17.15 percent on Wednesday to close at $7.78 apiece, as investor sentiment was dampened by a higher net loss in the second quarter of the year. In its updated report, Snap Inc. (NYSE:SNAP) said net loss widened by 6 percent to $262 million from $248.6 million in the same period last year. Revenues grew by 9 percent to $1.345 billion from $1.236 billion year-on-year. Despite the dismal quarter, the company narrowed its net loss by 27 percent in the first half of the year to $402 million from $553.7 million in the same period last year. Revenues increased by 11 percent to $2.7 billion from $2.4 billion. Following the results, Snap Inc. (NYSE:SNAP) earned a lower price target of $10 from RBC Capital, as compared with the $12 previously. Still, the new figure marks a 28-percent upside from its latest closing price. RBC Capital described the second quarter as a 'tough Q2' for Snap Inc. (NYSE:SNAP), with planned ad platform development and surface expansion efforts not going according to plan. Additionally, RBC Capital said that the underperformance would 'continue to reinforce the bear case that SNAP cannot break out of being a smaller ad platform lacking the ability to durably grow its direct response business in-line with the market.' While we acknowledge the potential of SNAP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . 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
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HOME PRICE GROWTH IN OPPORTUNITY ZONES SLIGHTLY BEHIND REST OF NATION IN SECOND QUARTER
Price Gains Inside Opportunity Zones Targeted for Economic Redevelopment Edged Up This Spring but Trailed the Broader U.S. Housing Market IRVINE, Calif., Aug. 7, 2025 /PRNewswire/ -- ATTOM, a leading curator of land, property data, and real estate analytics, today released its second-quarter 2025 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017 (see full methodology below). In this report, ATTOM looked at 3,838 zones around the United States with sufficient data to analyze, meaning they had at least five home sales in the second quarter of 2025. The report found that median single-family home and condo prices increased from the first to the second quarter of 2025 in 57 percent of Opportunity Zones around the country with enough data to measure. About half of Opportunity Zone census tracts, 50.5 percent, saw median home values rise compared to the same time last year. That was a smaller share than the rest of the country: Home values rose in 56 percent of census tracts outside of Opportunity Zones. Shop Top Mortgage Rates Your Path to Homeownership A quicker path to financial freedom Personalized rates in minutes As the country as a whole saw record-high home prices in the second quarter of 2025, about 8.4 percent of Opportunity Zones experienced their highest median prices since at least 2008. And 39 percent of Opportunity Zones with sufficient data to analyze saw median property values rise by 10 percent or more annually. However, price growth was slowest in Opportunity Zones that had the lowest median home sales prices while prices rose in similar shares of Opportunity Zone census tracts in the mid- and high-priced zones. "Home values in most Opportunity Zones continue to move in step with the broader market—a pattern we've tracked since we began studying this segment," said Rob Barber, CEO of ATTOM. "Drill down, though, and volatility persists, especially in the lowest-priced neighborhoods. Limited inventory nationwide is still driving prices higher and nudging marginal buyers toward areas with deeper economic challenges." Barber added, "Even with that upward pressure, a significant share of Opportunity Zone markets are trailing the nation in year-over-year price gains, reminding us that the recovery remains uneven and that some communities have a longer road ahead." Opportunity Zones are defined in the Tax Act legislation as census tracts in or alongside low-income neighborhoods that meet various criteria for redevelopment in all 50 states, the District of Columbia and U.S. territories. Census tracts, as defined by the U.S. Census Bureau, cover areas that have 1,200 to 8,000 residents, with an average of about 4,000 people. While the gap between census tracts in and outside of Opportunity zones is relatively modest when it comes to how likely they were to experience price growth in the second quarter of 2025, the actual sticker prices of homes in these areas still tends to be much lower. In the second quarter, 79.9 percent of Opportunity Zone census tracts posted median home prices below the national median of $369,000. About half of Opportunity Zone census tracts (49.6 percent) had median home prices under $225,000. Considerable price volatility also continued inside Opportunity Zones. The median home price rose or fell by more than 5 percent year-over-year in 73 percent of the Opportunity Zone census tracts in ATTOM's analysis. That likely reflected small numbers of sales in many zones. Major findings from the report: Median prices of single-family homes and condos rose from the first to the second quarter of 2025 in 57.3 percent (1,813) of the 3,162 Opportunity Zone census tracts with sufficient data to analyze in both quarters. Year-over-year, median values rose in 50.5 percent (1,938) of the 3,432 Opportunity Zone census tracts with sufficient data. Home prices rose annually in a smaller share (50.5 percent) of Opportunity Zone census tracts compared to the 56 percent of tracts located outside the zones that saw median prices increase. A larger share of Opportunity Zones tracts saw median prices grow by 10 percent or more annually: 39 percent of tracts inside the zones compared to 32 percent of tracts outside the zones. The areas with the lowest home values saw the most sluggish growth, with only 39 percent (289) of the 742 Opportunity Zone census tracts where median sales prices were below $125,000 seeing any increase in prices year-over-year. The Midwest saw the strongest growth among its Opportunity Zones. Among states with at least 25 Opportunity Zones that had sufficient data to analyze in the second quarter of 2025, Wisconsin had the highest share where median home prices grew year-over-year (medians up from the second quarter of 2024 to the second quarter of 2025 in 68 percent of zones), followed by Indiana (65 percent), Iowa (65 percent), Michigan (64 percent), and Missouri (59 percent). Home prices in most Opportunity Zones are well below those outside of them. About half of Opportunity Zone census tracts had median home prices below $225,000 in the second quarter of 2025 while the national median home price was $369,000. The majority (54 percent) of Midwestern Opportunity Zone census tracts had median home prices below $175,000, compared to the Northeast (38 percent), the South (36 percent), and the West (6 percent). Report methodologyThe ATTOM Opportunity Zones analysis is based on home sales price data derived from recorded sales deeds. Statistics for previous quarters are revised when each new report is issued as more deed data becomes available. ATTOM's analysis compared median home prices in census tracts designated as Opportunity Zones by the Internal Revenue Service. Except where noted, tracts were used for the analysis if they had at least five sales in the second quarter of 2025. Median household income data for tracts and counties comes from surveys taken by the U.S. Census Bureau ( from 2019 through 2023. The list of designated Qualified Opportunity Zones is located at U.S. Department of the Treasury. Regions are based on designations by the Census Bureau. Hawaii and Alaska, which the bureau designates as part of the Pacific region, were included in the West region for this report. About ATTOMATTOM powers innovation across industries with premium property data and analytics covering 158 million U.S. properties—99% of the population. Our multi-sourced real estate data includes property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, neighborhood and geospatial boundary information, all validated through a rigorous 20-step process and linked by a unique ATTOM ID. From flexible delivery solutions—such as Property Data APIs, Bulk File Licenses, Cloud Delivery, Real Estate Market Trends—to AI-Ready datasets, ATTOM fuels smarter decision-making across industries including real estate, mortgage, insurance, government, and more. Media Contact:Megan Data and Report Licensing:949.502.8313datareports@ View original content to download multimedia: SOURCE ATTOM 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
