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I&M and Stakeholders File Large Load Settlement to Advance Grid Reliability and Support Economic GrowthShares of Applied Optoelectronics tumbled over 8% in mid-day trading on Tuesday, to levels last seen on Nov. 20, after B. Riley downgraded the stock. The brokerage revised its rating on the stock to ‘Sell’ from ‘Neutral,’ keeping the price target of $14. B. Riley expressed concerns about a slowdown in demand for 400 Gigabit Ethernet (G) technology, a key revenue driver for AAOI. The brokerage flagged that without qualification of the faster 800G technology by hyperscalers — large-scale cloud service providers — Applied Optoelectronics could struggle to sustain its quarterly revenue of approximately $100 million, most of which currently comes from its cable TV business. The downgrade also highlighted broader market challenges like the shift to 800G requiring significant infrastructure investment, and the IEEE’s ongoing efforts to establish 800G standards suggest it may take time for widespread adoption. Many hyperscale data centers are still transitioning to 400G technology, a mature and proven standard. Meanwhile, competing technologies like 1.6 Terabit Ethernet (1.6T) are already under development, potentially delaying the industry's move to 800G. Retail sentiment around the stock dipped to ‘bearish’ (29/100) from ‘neutral’ a day ago with chatter remaining in the ‘normal’ territory. Some users on Stocktwits anticipated the stock to fall amid increasing volatility and the bearish trend in the broader technology sector due to Nvidia’s regulatory hurdles. Despite the day's losses, Applied Optoelectronics remains up nearly 79% year-to-date, reflecting earlier gains from optimism around its technology roadmap. Read also: TSMC Stock Slips As Monthly Revenue Declines Despite 34% Annual Jump: Retail Chatter Soars
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South Korea's president avoids an impeachment attempt over short-lived martial lawUCF and Tulsa will test their mettle against each other on Saturday afternoon in the Orange Bowl Basketball Classic in Sunrise, Fla. The Knights will make their first appearance in the event since recording a two-point loss to Missouri in 2022, while Tulsa's last trip to the Orange Bowl Classic was a loss to Florida State in 2012. UCF (7-2) may have something to prove being away from Addition Financial Arena. The Knights are 7-0 at home, whereas a November trip to the Greenbrier Tip-Off in West Virginia produced an 86-70 loss to Wisconsin and a triple-overtime setback against LSU. The Knights relied heavily on their defense in Sunday's 66-51 win over Tarleton State. After a sluggish start offensively, UCF found its rhythm during a 37-point second half. Jordan Ivy-Curry finished with a game-high 16 points and freshman center Moustapha Thiam collected 10 points, nine rebounds and six blocks. UCF's Big 12 opener draws closer (at Texas Tech, Dec. 31), but head coach Johnny Dawkins remains focused on daily improvement. "I feel a sense of urgency to get better, not with regards to Big 12 play to be quite frank, but every game," Dawkins said. "I don't look too far in the future. Pretty much I've always been in the moment as a player and as a person, and so for me it's about just getting better because it's our standards." Tulsa (4-6) looks to stop a three-game slide following a 70-66 home loss to Southern University last Saturday. Keaston Willis scored in double figures for the sixth time this season, netting a season-high 23 points off the bench. But Isaiah Barnes, one of three Golden Hurricane players to start all 10 games, was injured in the first half and played only eight minutes. To complicate matters, head coach Eric Konkol's team is 0-6 when trailing at halftime. "We got to get some guys healthy that can be healthy for next Saturday (against UCF)," Konkol said. "We got a couple other guys dealing with some different things, but then (also) having some planning to figure out what's the best way going forward for this group." --Field Level MediaOKLAHOMA CITY — Along with other states, Oklahoma has recorded some limited progress in reducing confirmed cases of child abuse and neglect in recent years, but it still ranks among the worst in the nation for its care of the most vulnerable babies, children and teens. According to the 2024-2028 Oklahoma State Plan for the Prevention of Child Abuse and Neglect , presented Friday during a meeting of the Oklahoma Commission on Children and Youth, the state has one of the highest child maltreatment rates in the nation, at 14.2 cases per 1,000 children — roughly double the national rate of 7.7. That’s despite an 11.8% decline in the number of cases confirmed in the state since 2018. According to the report, 13,546 cases of child abuse or neglect were confirmed in Oklahoma in 2022. People are also reading... 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Police, sheriff talk about what Trump's mass deportation plan could mean for Tulsa James Franco visits Outsiders House Museum Mike Gundy preparing to send Ollie Gordon, Nick Martin, Collin Oliver to NFL Draft Video: Stephen Colbert counts Ryan Walters among 'far-right weirdos' Trump could hire The report, presented to the commission by Suzy Gibson, a program manager at the Oklahoma State Department of Health, outlined some strategies for making course corrections. Maltreatment represents more than just an immediate physical threat to infants and children. According to a U.S. Centers for Disease Control report , the estimated national “lifetime economic burden” associated with confirmed cases of child abuse and neglect in 2018 was set at $592 billion, a cost that would rival that of high-profile public health problems like heart disease. Victims often are burdened with health and emotional problems throughout their lifetimes, and taxpayers may end up covering costs for remedial education or long-term welfare. Other expensive social costs relate to problems like higher rates of alcohol and drug abuse and lost workplace productivity. The lifetime cost of maltreatment cases confirmed in Oklahoma in 2018 was estimated at $12.7 billion. As part of generating the 2024-2028 strategy plan, the health department, in partnership with the OCCY and Oklahoma Human Services, conducted a statewide survey of parents in need along with local program coordinators and other professionals to gauge how the state might make systemic improvements. “We received responses from all 77 counties,” Gibson said. Among other things, the survey revealed the need to invest more in services, especially in rural areas. The demand for affordable child care is especially acute. Additionally, efforts should be made improve access to help when families need it, and professionals should adopt more of a “prevention approach and mindset” to programming and training. The strategy plan also reflects that the state should attack child maltreatment more broadly, by acting more aggressively to reduce poverty and other related adverse childhood experiences. It has been reported that more than 1 in 5 adult Oklahomans experienced four or more adverse childhood experiences, such as witnessing domestic violence or experiencing racial discrimination. According to 2023 Kids Count Data from the Annie E. Casey Foundation, 30% of Oklahoma children have parents who lack secure employment, 25% live in families burdened by high housing costs and 21% can be classified as living in poverty. The plan also notes a need to better align education, health care, social services and justice platforms to create a more coordinated response to child maltreatment. Goals should be to “scale up” proven prevention programs and services, to invest more in family support, and to provide technical assistance to initiate or better develop local programming and increase local awareness of programming. The report notes serious challenges related to “flat” state agency budgets. “What we came up with was infrastructure investment, alignment and coordination, family support and resource connection, public awareness and engagement and community action and empowerment,” Gibson said. “We’re starting to tackle some of these goals already. ... This is going to be an ongoing effort, and the state plan is going to be the foundation to guide prevention efforts in Oklahoma.”
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