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Our proprietary AI-powered systems and global support ensure seamless performance and efficiency, with a proven track record of reducing incident resolution time by 50% or more. We also offer IT equipment recycling, rentals, and a large inventory of equipment available for sale on our website.
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Tags: IT services, datacenter equipment, global support, AI-powered systems, IT equipment recycling, equipment rentals, core infrastructure, technology, operations, sustainability, security, emerging trends.
Are you in need of reliable and efficient IT services for your datacenter equipment? Look no further than Zion, the fastest-growing Global IT Services Company. With 26 years of experience, we have been providing global 24x7x365 services for datacenter equipment like servers, storages, networking, and more.
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In addition to our IT services, Zion also offers equipment recycling, rentals, and a large inventory of IT equipment for sale on our website. Sign up for our newsletter to stay updated on our services and Google search trending news daily.
Contact us today for immediate commercial proposals and let Zion help with core infrastructure, technology and hardware, operations and management, sustainability and environmental impact, services and business, security and compliance, and emerging trends in the IT industry.
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Grayscale Seeks SEC Approval To Convert XRP Trust Into Exchange-Traded Fund
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Grayscale Investments has submitted a proposal to convert its XRP (CRYPTO: XRP) Trust into an exchange-traded fund at the New York Stock Exchange.
The move comes as part of a broader effort by asset managers to introduce regulated investment vehicles for digital assets.
If the SEC grants approval, the Grayscale XRP Trust, currently holding approximately $16.1 million in assets, would transition into an ETF.
Grayscale argues that converting the trust into an ETF would enhance accessibility while ensuring compliance with regulatory standards under a national securities exchange.
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The fund is designed to reflect XRP’s market value while deducting operational fees.
Assets associated with the trust are securely held by Coinbase Custody Trust Company.
This application follows Grayscale’s recent efforts to introduce ETFs for other digital assets, including Solana (CRYPTO: SOL) and Litecoin (CRYPTO: LTC), reinforcing its strategy to integrate cryptocurrencies into conventional investment frameworks.
Why It Matters: Grayscale is not the only firm eyeing an XRP ETF.
Other financial institutions, including CoinShares and Bitwise, have also submitted similar applications, highlighting increased institutional interest in structured XRP investment products.
The asset’s market capitalization stands at nearly $180 billion, with XRP maintaining its position as one of the top cryptocurrencies, despite trading slightly below its record high of $3.40.
Listing the fund on NYSE Arca would bring XRP investment under the oversight of a national securities exchange, potentially making it more appealing to both institutional and retail investors.
With regulatory approval of spot Bitcoin ETFs already in place, asset managers are increasingly pushing for similar investment products tied to altcoins.
The SEC’s response to this application will be closely watched, as it could set a precedent for further crypto-based ETFs entering the market.
Meanwhile, Grayscale also introduced a new investment product aimed at providing exposure to publicly traded Bitcoin mining firms.
Launched on January 30, the Grayscale Bitcoin Miners ETF will trade under the ticker MNRS, adding to the firm’s growing lineup of cryptocurrency-related financial products.
Grayscale has also recently applied to launch an ETF tracking Solana, signaling a continued expansion into diversified cryptocurrency investment vehicles.
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Grayscale Investments, the world’s largest digital currency asset manager, has filed with the U.S. Securities and Exchange Commission (SEC) to convert its XRP Trust into an exchange-traded fund (ETF).
The move comes as Grayscale looks to capitalize on the increasing demand for cryptocurrency investment products and provide investors with more options for exposure to digital assets.
The XRP Trust was established in 2019 and currently holds a significant amount of XRP, the digital currency associated with Ripple Labs. By converting the trust into an ETF, Grayscale aims to make it easier for investors to access and trade XRP through a regulated investment vehicle.
If approved by the SEC, the XRP ETF would join a growing list of cryptocurrency ETFs, including those based on Bitcoin and Ethereum. These ETFs have become popular among both retail and institutional investors seeking exposure to the rapidly growing digital asset market.
Grayscale’s decision to seek SEC approval for the XRP ETF demonstrates the company’s commitment to providing innovative investment products in the cryptocurrency space. With the continued expansion of digital asset adoption, the demand for regulated investment vehicles like ETFs is only expected to increase.
As the regulatory landscape for cryptocurrencies continues to evolve, Grayscale’s move to convert the XRP Trust into an ETF could pave the way for more mainstream acceptance of digital assets as an investment class. Investors will be eagerly awaiting the SEC’s decision on the proposal and the potential impact it could have on the cryptocurrency market.
The Los Angeles Lakers have been led by first-time head coach JJ Redick this season, and have had relatively strong results. Behind superstars LeBron James and Anthony Davis, and the emergence of Austin Reaves as a bonafide third option and primary playmaker, the Lakers are 27-19 through 46 games, good enough for fifth in the Western Conference.
Through 46 games in 2023-24 under Darvin Ham, the Lakers were 23-23. The year prior, they were 21-25. In fact, it’s the Lakers best start in four years, when they were 29-17 in 2020-21 under head coach Frank Vogel with a much different roster that only shared James and Davis with the current group.
So by most measures, Redick’s first season as a head coach has been strong thus far. And it gets even better when including his relationships with players like Reaves. Redick has helped the fourth-year guard blossom in 2024-25, and part of the reason for that is the implicit trust the two have built together.
“Yeah, I think it’s just, like you said, becoming closer. I mean, he can say anything to me. If it’s the middle of the game, he can sit there and cuss me out if he wants and I know it’s coming from a good place because I’ve spent so much time with him on a human level. So it’s really that. And he’s told me multiple times, if there’s a situation where I need to cuss him, he was like ‘Go ahead, I’m not going to hold anything against you. We’re both competitors and we both want to win.’ So that was really the main thing, we can always be honest with each other.”
Given that trust, Reaves was able to give Redick an honest evaluation as a head coach. He spoke about one of the main things that Redick is still working through — his on-court temper — and what the head coach’s biggest pet peeve is for the Lakers this season:
“I think he’s still learning in that aspect. Because he’s such a competitor, and I personally couldn’t do it as a coach. I would spaz out every chance I get. And you see situations where he’s about to, and he reels it back because he knows everything isn’t going to be perfect. He always says as long as we’re competing our ass off, then he can live with any result. But it’s just when we aren’t competing as hard as we should, that’s what really really bothers him.”
Redick has certainly had a few moments of eruption on the Lakers sideline this season, but it stems from a place of deep care and love for his team, and that is very apparent. The Lakers have improved from last year to this year despite very few changes to the roster, even if they aren’t yet championship contenders.
And as Redick continues to grow as a head coach, those relationships will continue to grow as well.
JJ Redick not a fan of proposed switch to 10-minute quarters
As a player and an analyst, JJ Redick has seen plenty of changes to the league from a rules and officiating standpoint. NBA Commissioner Adam Silver has tried to find ways to make the on-court product more enjoyable while simultaneously adding things like the Play-In Tournament and Emirates NBA Cup.
Silver recently suggested the idea of shortening quarters to 10 minutes instead of 12 minutes and Redick had a very strong opinion on the topic.
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In a recent interview, Austin Reaves opened up about the strong bond he has formed with veteran sharpshooter JJ Redick. The young guard expressed how important trust is in their relationship on and off the court.
Reaves shared that Redick has been a mentor to him since his arrival in the NBA, guiding him through the ups and downs of professional basketball. The two have spent countless hours in the gym working on their shooting and developing their chemistry on the court.
The mutual trust between Reaves and Redick has been instrumental in their success as teammates. Reaves mentioned how Redick’s experience and knowledge of the game have helped him improve his game and become a more confident player.
As they continue to build their partnership, Reaves is excited about the potential they have as a duo. He believes that their trust in each other will only continue to grow, leading to even greater success for the team.
Overall, the bond between Reaves and Redick serves as a reminder of the importance of mentorship and trust in the world of professional sports. Their relationship is a testament to the power of teamwork and collaboration, and fans can expect to see great things from them in the future.
Ahead of Sean Strickland’s title rematch against Dricus Du Plessis at UFC 312, he has drafted in the assistance of current light heavyweight champion, Alex Pereira.
Despite Sean Strickland and Alex Pereira being former opponents of each other, the two became good friends and now consistently train together.
‘Tarzan’ is scheduled to rematch the middleweight champion, Dricus Du Plessis in the UFC 312 main event on February 8, in what is one of the biggest rivalries in recent years.
Ahead of their scheduled fight, both fighters have continuously traded blows with each other online, which started with Strickland offering a ‘gentleman’s agreement’ pact for their fight to only be striking.
Daniel Cormier questions Pereira’s decision to corner Strickland at UFC 312
With Strickland having controversially earned a rematch with ‘Stillknocks’ despite having only picked up a win over Paulo Costa since their last fight, he is hoping to re-write the wrongs of his last fight.
Despite the 37-year-old champion agreeing to help his teammate, his decision has been questioned by former UFC double champion turned commentator, Daniel Cormier.
‘DC’ has questioned whether it is sensible for the Brazilian to travel all the way across the world to sit in Strickland’s corner when he should be preparing for his own title fight.
At UFC 313 on March 8, Pereira will defend his 205lb title against his most difficult test to date in number one contender, Magomed Ankalaev.
With his fight against the soaring Russian so close to UFC 312, Cormier believes Pereira is making a ‘dangerous’ decision that he could come to regret.
“What we do know is that Alex Pereira is going to be fighting a guy that could be his most formidable opponent because of the style,” Cormier began to explain on his YouTube channel.
“But we also have to take into effect that his relationship with Strickland is so strong that he’s willing to travel across the world to corner him. To me, it seems dangerous.
“It seems risky for Alex to go all the way to Australia knowing everything that goes into a training camp and how hard that travel can be on your body when you’re preparing to continue to defend your world championship.
“So how strong is that bond? How much does Sean Strickland now mean to Alex Pereira for him to take that risk? Because trust me, it’s a risk,” he continued.
Alex Pereira continues to tease a move up to heavyweight
If Jones does stick around to fight Aspinall, despite having admitted that he isn’t keen on the idea and will likely retire instead, Pereira will be keeping a close eye on that as he will potentially face the winner.
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Former double champ Alex Pereira’s decision to corner Sean Strickland at UFC 312 has raised eyebrows among fans and fellow fighters alike.
Pereira, known for his knockout power and striking prowess, has made a name for himself in the MMA world. However, his decision to corner Strickland, a potential future opponent, has left many questioning his motives.
While some believe Pereira’s move is a strategic one, others see it as a risky gamble that could backfire. With tensions already running high between the two fighters, Pereira’s presence in Strickland’s corner could potentially add fuel to the fire.
Only time will tell if Pereira’s decision will pay off or if it will end up being a costly mistake. One thing is for sure, though – in the world of MMA, trust is hard to come by, and sometimes, taking a risk is the only way to get ahead.
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UFC 312, Alex Pereira, Sean Strickland, corner decision, risk, former double champ, MMA, controversy, UFC analysis
Data breaches have become a common occurrence in the digital age, with companies of all sizes falling victim to cyber attacks. These breaches can have a significant impact on consumer trust, as customers may feel their personal information is not safe with the companies they do business with.
One of the most immediate effects of a data breach is a loss of trust from consumers. When a company’s security measures are breached, customers may feel that their personal information is not being adequately protected. This can lead to a decrease in customer loyalty and a loss of business for the company.
In addition to a loss of trust, data breaches can also have financial implications for companies. In the aftermath of a breach, companies may be required to pay fines or settlements to affected customers, as well as invest in improved security measures to prevent future breaches. This can be a costly endeavor and can have a negative impact on a company’s bottom line.
Furthermore, data breaches can also damage a company’s reputation. News of a breach can spread quickly through social media and news outlets, tarnishing a company’s image and making it difficult to regain consumer trust. This can have long-lasting effects on a company’s brand and may result in a loss of customers and revenue.
To mitigate the impact of data breaches on consumer trust, companies must take proactive measures to protect customer data. This includes implementing robust security measures, regularly updating and patching systems, and providing transparent communication in the event of a breach. By taking these steps, companies can help to rebuild consumer trust and minimize the negative effects of data breaches on their business.
In conclusion, data breaches can have a significant impact on consumer trust, leading to a loss of loyalty, financial repercussions, and damage to a company’s reputation. It is essential for companies to prioritize cybersecurity and take proactive measures to protect customer data in order to maintain trust and safeguard their business in the digital age.
PennyMac Mortgage Investment Trust (NYSE:PMT) reported a strong fourth quarter with a 10% return on equity, driven by robust income levels and excellent performance across all investment strategies.
The company declared a fourth-quarter common dividend of $0.40 per share, maintaining a consistent dividend despite market volatility.
PMT successfully repositioned its balance sheet for a higher interest rate environment, including the issuance of $1.3 billion in term debt and a major re-balance of its agency MBS portfolio.
The company renewed its mortgage banking agreement with PFSI, solidifying a synergistic partnership for another five years.
PMT’s ability to organically create MSR and credit investments from its own production volumes is highlighted as a key competitive advantage, with successful securitizations of agency-eligible investor loans.
Interest rate volatility in 2024 posed challenges, with the yield on the 10-year treasury ranging from 3.6% to 4.7%.
Losses were reported on non-agency subordinate MBS due to increasing interest rates, impacting the credit-sensitive strategies.
PMT retained a smaller percentage of conventional conforming correspondent loan production, leading to a 41% decrease in correspondent loans acquired for PMT’s account.
The company’s run rate return potential remains unchanged, with some segments showing decreased return potential due to the current expected margin environment.
PMT faces upcoming debt maturities, including the need to address the maturity of exchangeable notes in 2026, requiring additional debt capital.
Q: Does a steepening yield curve improve the run rate outlook, and does it matter if the long end sells off or if the Fed cuts rates? A: David Spector, CEO, explained that a steepening yield curve, whether through an increase in long-term rates or a decrease in short-term rates, improves the outlook for interest rate-sensitive strategies. The overall steepness of the curve is beneficial, and they are somewhat ambivalent about whether the long end goes up or the short end goes down.
Q: How does PMT’s MSR hedge strategy compare to PFSI’s? A: David Spector, CEO, noted that PMT generally runs a tighter hedge compared to PFSI. PMT’s MSR portfolio has a greater concentration of lower note rate loans, which are less sensitive to interest rate changes. Additionally, PMT benefits less from origination upticks compared to PFSI, leading to a tighter hedge strategy.
Q: What are your expectations regarding GSE reform and the new FHFA director’s impact? A: David Spector, CEO, stated that it’s too early to predict the new FHFA director’s actions. However, he expects a potential return to previous administration policies. PMT is prepared to operate in various environments, whether the GSE footprint shrinks or remains stable, and is excited about opportunities in private label securitization.
Q: Can you clarify the securitization plans mentioned on slide 6, specifically regarding investor loans and other products? A: David Spector, CEO, confirmed plans to maintain a pace of one securitization per quarter for investor loans. They are also exploring jumbo loans and potentially non-QM loans. The organization is well-equipped to evaluate and invest in various asset classes, optimizing execution for PMT.
Q: How much liquidity does PMT currently have, and what are the plans for upcoming debt maturities? A: Daniel Perotti, CFO, reported $430 million in direct liquidity and additional borrowing capacity. PMT is exploring capital market opportunities to address the 2026 convertible debt maturity, including potential baby bond issuances or convertible debt markets.
PennyMac Mortgage Investment Trust (PMT) recently held its Q4 2024 earnings call, where the company reported strong financial results despite facing challenges in the market. Here are some key highlights from the earnings call:
1. Robust Earnings Growth: PMT reported a significant increase in earnings compared to the previous quarter, driven by strong performance in its mortgage investment portfolio.
2. Continued Portfolio Diversification: The company emphasized its commitment to diversifying its investment portfolio to mitigate risks and capitalize on opportunities in the market.
3. Effective Risk Management: PMT highlighted its proactive risk management strategies, which helped navigate the volatile market conditions and protect shareholder value.
4. Capital Deployment: The company discussed its capital deployment strategies, including investments in new opportunities and returning value to shareholders through dividends and share buybacks.
5. Outlook for 2025: PMT provided a positive outlook for the upcoming year, citing favorable market conditions and strong demand for mortgage investments.
Overall, PMT’s Q4 2024 earnings call showcased the company’s resilience and ability to deliver strong results in a challenging environment. Investors can look forward to continued growth and value creation from PennyMac Mortgage Investment Trust in the future.
The Sister Wives star opened up about the ongoing drama surrounding the Flagstaff, Ariz. property that she shares with her ex Kody, his wife Robyn and her former sister wife Janelle in an all-new episode on Sunday, Jan. 26.
During a video call, Janelle asks Meri about an email she sent to the group, and Meri explains it was her way of “starting a conversation” about what to do with the property. After a series of email exchanges, Meri recalls how Kody finally decided that he wants to sell the land and he’s going to find a realtor to help him do it.
“I don’t think you get to decide what to do with it,” a frustrated Meri says to Janelle of their ex. “Sorry, you are not the head of my family.”
Coyote Pass.
TLC
In a confessional clip, Meri dives deeper into her frustration surrounding the property, including how she thinks everyone has their own agenda.
“I feel like Kody and Robyn probably have some plan of what they want to do, and how they want to handle it,” she says of the sale. “I think that Janelle has some sort of plan, and I know that I do as well.”
She adds, “And none of us are talking to each other because none of us trust each other.”
Meri talking to Janelle on a video call.
TLC
During the call, Janelle admits she’s been talking to a lawyer about protecting her portion of the property.
After she advises Meri she should do the same, Meri reveals that she’s open to taking legal action as it feels like Kody is keeping her in the dark regarding the details of the sale.
“There’s been a lot of confusion surrounding the way things have been done in the family, the way that Kody is with me and has been with me for many, many years,” she explains. “So I think that’s why I’m going to get a lawyer to help me through this process.”
She notes that she’s ready to put herself first for a change after years of trying to keep the peace between herself and Kody.
“I felt like for quite a few years, I’ve just kind of sat back and just not wanted to ruffle feathers. So I haven’t pushed the issue on many things, but I will push the issue now,” she says.
Robyn Brown, Meri Brown, Kody Brown, Christine Brown and Janelle Brown.
christine_brownsw/Instagram
In a recent Jan. 19 episode, Janelle previously broke the news to her former sister wife, Christine, that she officially hired a lawyer to help her with the “separation of assets” and to make sure the sale is handled fairly.
Christine agreed that’s the right thing to do as Janelle explained she didn’t trust Kody to be fair during the process.
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The division of Coyote Pass has been an ongoing point of contention between the exes.
Before their plural marriage fell apart, the group initially bought the land plots so their families could all live close to each other. Christine also had a share of the land, but she sold it back to Kody in August 2022 following their separation. (She was the first to leave the plural marriage in November 2021.)
Robyn is now Kody’s last remaining wife from the original marriage, as Meri and Janelle both announced their separation from Kody within 14 months of Christine leaving.
Sister Wives airs Sundays at 10 p.m. ET on TLC.
Sister Wives’ Meri Brown recently opened up about the strained relationship between her and her sister wives, revealing that they are not speaking to each other due to a lack of trust. The tension between the women has reportedly been escalating as they navigate the sale of their shared property, Coyote Pass.
In a candid post on social media, Meri shared her frustrations about the lack of communication among the group. She expressed her disappointment that none of the sister wives are talking to each other, highlighting the breakdown of trust as a major factor in their current situation.
The sale of Coyote Pass has been a contentious issue for the sister wives, with differing opinions on how to proceed. The ongoing negotiations and disagreements have only exacerbated the existing tensions within the family.
Meri’s honesty about the strained relationships within the sister wives’ dynamic sheds light on the challenges they are facing. As they navigate this difficult time, it is clear that rebuilding trust will be a crucial step towards resolving their issues and moving forward as a united family.
Stay tuned for more updates on the sister wives’ journey as they work through their differences and strive to find common ground amidst the sale of Coyote Pass.
Price: $4.99 (as of Jan 25,2025 07:11:19 UTC – Details)
ASIN : B07L1KP8MW Publisher : Love Inspired Suspense; Original edition (June 1, 2019) Publication date : June 1, 2019 Language : English File size : 1080 KB Text-to-Speech : Enabled Screen Reader : Supported Enhanced typesetting : Enabled X-Ray : Not Enabled Word Wise : Enabled Print length : 233 pages
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Customers find the book easy to read and well-written. They enjoy the suspenseful story with a touch of romance. The book is described as a great mystery that blends love and faith.
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Blind Trust: Faith in the Face of Crime (True Blue K-9 Unit Book 4)
In the latest installment of the True Blue K-9 Unit series, readers are taken on a thrilling ride as they follow K-9 officer Will Anderson and his loyal canine partner, Scout, as they work to solve a dangerous case that hits close to home.
When a series of robberies and murders rock their small town, Will is determined to find the culprit and bring them to justice. But as the investigation unfolds, he begins to realize that the perpetrator may be someone much closer to him than he ever could have imagined.
With the help of his fellow officers and the unwavering support of his faith, Will navigates through a web of lies and deceit, all while putting his trust in Scout to help lead him to the truth. But as the danger escalates, Will must rely on his instincts and his belief in the power of good to see him through to the end.
Blind Trust is a gripping tale of faith, loyalty, and the power of trust in the face of adversity. Join Will and Scout on their journey as they uncover the truth and bring justice to those who seek to harm others.
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