62% of Americans now believe we are in a recession, up four points over the last month The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, declined by 1.0% overall in August to return to a reading of 38.1 due to a significant drop on the Federal Policies component.
BONN, Germany---- In the second quarter 2022, the world?s leading logistics group Deutsche Post DHL Group generated a double-digit revenue and EBIT growth. This press release features multimedia. "Thanks to the outstanding efforts of our employees we provide our customers with reliable logistics solutions also in volatile times.
Metallicus, a leader in digital assets technologies, today announced the formation of its Advisory Board comprised of former senior officials from the U.S. Federal Reserve, the Office of the Comptroller of the Currency, and executives with experience in regulatory compliance and internal audit at major financial institutions. This press release features multimedia.
Risk mitigation strategies and smart procurement routes are still key considerations as global industry volatility continues Global construction consultancy firm, Linesight today released new data showing that stability may be returning to the cost of construction materials as pandemic-driven volatility subsides, but because of factors such as high global energy prices, increasing interest rate...
Quarterly revenue of $101.2 million, up 10.5% year over year Gross margin of 63.1%, up from 62.2% year over year Quarterly Billings of $101.6 million, down 5.3% year over year 2,905 Active Clients at June 30, 2022, up 9.8% year over year LAS VEGAS---- Rimini Street (RMNI), Inc., a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP ...
Increased Revenue by 43% Year-over-Year to $109.8 Million, a Record for the Second Quarter, Driven by Global Growth in Pre-Campaign Activation Across Programmatic, Social and CTV Activation Revenue Increased 60% to $60.5 Million Achieved Net Income of $10.3 Million and Second Quarter Record Adjusted EBITDA of $34.0 Million, representing a 31% Adjusted EBITDA margin Raised Midpoints of Full-Year...
Kevin R. Greene, Chairman and CEO of Tassat? Group Inc., the leading provider of private blockchain-based business-to-business real-time payments and financial services solutions to banks, will speak at the Federal Reserve Bank of Philadelphia?s Sixth Annual Fintech Conference scheduled for today and tomorrow.
Home prices across the United States rose in the first six months of the year at an annualized rate of 15.5 percent, according to homegenius Home Price Index data released today by homegenius Real Estate LLC, a Radian Group Inc. (RDN) company. This press release features multimedia.
FRANKFURT/MAIN, Germany---- Starting 1 August 2022, flatex, a brand of flatexDEGIRO AG (FNNTF), Europe's leading online broker for retail investors, will support the police union of North Rhine-Westphalia as an exclusive partner in the area of online brokerage. flatex thereby offers more than 46,000 union members the opportunity to take their financial future into their own hands with simple and secure...
KBRA Analytics releases this month?s edition of The Bank Treasury Newsletter, the Bank Treasury Chart Deck, and Bank Talk: The After-Show. This month?s newsletter takes a detailed look at the Federal Reserve?s balance sheet composition as it begins to shrink under quantitative tightening.
Citizens announced today that the national Citizens Business Conditions Index? dropped to 52.9 in the second quarter of 2022, down from its eight-year peak of 59.5 at the end of the first quarter, but extending its streak to seven straight quarters above 50, indicating continued growth conditions for businesses. Business activity remains healthy, but is clearly cooling from the prior quarter.
Point72 today announced that it has expanded its economics team with the addition of Sophia Drossos as Economist and Strategist based in New York, and Soeren Radde as Head of European Economic Research, based in London. Ms. Drossos will cover U.S. and global economic and policy developments, while Mr. Radde will analyze and forecast the euro area and UK economies.
FINANCIAL AND OPERATIONAL HIGHLIGHTS MINNEAPOLIS---- Polaris Inc. (PII): CEO COMMENTARY Our results during the second quarter reflect our team?s commitment to our customers through industry-leading innovation and exceptional execution, despite the ongoing supply chain constraints impacting the global economy.
BOSTON---- After six months of navigating rising rates, inflation and geopolitical tensions, recession fears are on the rise for 2022, casting a long shadow over prospects for global economies and markets in the second half of the year. ?Ten years of over-reliance on easy money led to significant outperformance for growth equities.
KBRA analyzes the latest Consumer Price Index release from the Bureau of Labor Statistics and its implications for the credit markets. The worse-than-expected result makes it more likely that the Federal Reserve will adopt an even more hawkish tone to its tightening of financial conditions, which will, in turn, increase the probability of recession over the near term.
The largest consented solar+ storage project in the UK has secured a 15-year Contract for Difference, providing long term revenues fully indexed to CPI and offering uncapped inflation protection Project Fortress is set to provide critical support for the UK power grid, additional long-term reduction of carbon emissions and positive ESG impacts LONDON---- Quinbrook Infrastructure Partners, a spe...
AM Best is maintaining its negative outlook on Mexico?s insurance market segment owing to increased levels of inflation and slow GDP growth, according to an AM Best report.
Shanghai Rongtai Health Technology Corporation Limited has recently announced its latest product pre-sale ? the G20 Marvel co-branded massage gun series on the crowdfunding platform Indiegogo on June 30, 2022. The massage gun global launch is a milestone for RONGTAI to enter the international market, especially in the US.
1ct. Diamond market sentiment received a boost from the Las Vegas shows, which demonstrated robust US demand. The RapNet Diamond Index for 1-carat diamonds slid 1.8% in June but increased 7.4% between the beginning of the year and July 1. Trading in Las Vegas reflected jewelers? strong liquidity after a profitable 2021.
Home prices across the United States set a new all-time record for price appreciation, rising at an annualized rate of 18.0 percent in May 2022 from April 2022, according to homegenius Home Price Index data released today by homegenius Real Estate LLC, a Radian Group Inc. (RDN) company. This press release features multimedia.
Team expects equity markets to stabilize and possibly recover in the second half of 2022 As recession fears and central-bank tightening drive market volatility at mid-year 2022, Russell Investments? strategists believe U.S. core inflation has likely peaked and markets should stabilize and possibly recover over the second half of the year.
Through Payoneer?s API integration for cross-border payments, EC21 now makes it easier for SMBs to sell into over 190 countries and territories Payoneer, the commerce technology company powering payments and growth for the new global economy, and EC21, a Korean-based global B2B marketplace, have partnered to support the cross-border business of Korean SMBs.
U.S. Bancorp (USB) commented on the results of the Federal Reserve?s Dodd-Frank Act Stress Test conducted in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Wells Fargo & Company (WFC) today announced that it has completed the 2022 Comprehensive Capital Analysis and Review stress test process. This press release features multimedia. The Company expects to increase its third quarter 2022 common stock dividend to $0.30 per share from $0.25 per share, subject to approval by the Company?s Board of Directors at its regularly scheduled meeting in July.
The Charles Schwab Corporation (SCHW) announced today that it has received the results of the Federal Reserve?s 2022 Comprehensive Capital Analysis and Review. This 2.5% SCB will be applicable to Schwab for the four-quarter period beginning October 1, 2022. Schwab ended the first quarter of 2022 with a consolidated Tier 1 Leverage Ratio of 6.1%, down slightly from 6.2% at year-end 2021.
The auto industry will need to expand its focus from vehicle sales to the full vehicle lifecycle, collaborating significantly with other players in the value chain.
The fifth China International Import Expo will take place from November 5-10 this year. This press release features multimedia. Buoyed by its opening-up policy, continuous optimization of the business environment and strong economic resilience, China will remain a hot investment destination in the years to come, said global experts at the World Economic Forum 2022 in Davos, Switzerland.
Merit E. Janow, Dean Emerita, School of International and Public Affairs, and Professor of Practice, International Economic Law and International Affairs, Columbia University, will be the new Chair of the Board of Japan Society. ?I am truly honored to serve as Chair of the Board at Japan Society,? says Janow.
To encourage inclusive, resilient, and sustainable global economic growth through empowering women, the B20 Indonesia Women in Business Action Council held a forum on the theme of Accelerating Inclusion of Women MSMEs in The Global Economy on June 17, 2022. This press release features multimedia.
The global cryptocurrency exchange KuCoin today announced that it has become the first major exchange to support Brazilian Real deposits and withdrawals following a recent policy change made by the Central Bank of Brazil. This press release features multimedia.
In this episode of AM BestTV, Ann Modica, associate director, credit rating criteria, industry research and analytics, AM Best, discusses the Federal Reserve?s latest move to combat inflation with its largest interest rate since 1994.
Strategic Growth III to Back Emerging Leaders in Internet, Software and FinTech at Series B & C Stages Following Successful Monetizations in Prior Glade Brook Funds Glade Brook Capital Partners, a leading global growth equity investment firm, today announced the final closing of Glade Brook Strategic Growth III, an oversubscribed $430 million fund focused on growth equity investments at the Ser...
CrossFirst Bankshares, Inc. (CFB) and Central Bancorp, Inc. today announced that they have entered into a definitive merger agreement under which CrossFirst?s bank subsidiary, CrossFirst Bank, will acquire Central?s bank subsidiary, Farmers & Stockmens Bank, in an all-cash transaction.
After a tough start to 2022, Citi explores what may lie ahead for investors, highlighting quality and resilience in portfolios Citi Global Wealth Investments today released its Mid-Year Outlook 2022 report: Investing in the afterglow of a boom. This biannual report sets out Citi?s outlook on rapid developments in the global economy, markets and geopolitics.
According to the Worldwide Semiconductor Technology and Supply Chain Intelligence service from International Data Corporation, worldwide semiconductor revenue is expected to reach $661 billion in 2022, a 13.7% year-over-year growth rate following strong 2021 results where revenues reached $582 billion.
Deep Knowledge Group General Partner Dmitry Kaminskiy delivered a keynote address on the current state and future of the Longevity Industry at Davos Longevity Investment Summit during the World Economic Forum 2022. This press release features multimedia.
KBRA Analytics releases this month?s edition of The Bank Treasury Newsletter, the Bank Treasury Chart Deck, and Bank Talk: The After-Show. This month?s newsletter discusses the Federal Open Market Committee?s latest actions to raise rates and its plans to commence quantitative tightening next month.
Following last year?s relatively subdued global economic rebound, the economies of Association of Southeast Asian Nations are well positioned for growth and foreign direct investment in 2022 and beyond, according to Tricor Group?s ASEAN in Focus: Economic Outlook, Insights & Business Opportunities, a compilation of business insights to guide multinational companies, SMEs and entrepreneurs inter...
Four leading industrial clusters in the Netherlands, Belgium and the U.S. today announced they are working together with the World Economic Forum to reduce their carbon emissions faster through the ?Transitioning Industrial Clusters towards Net Zero? initiative.
Invitation-Only Global Innovators Community Elevates The World?s Most Promising Start-Ups At The Forefront of Technological and Business Innovation AtoB Fixes Trucking?s Broken Financial System, Addresses Supply Chain Failures, Empowers Operators and Drivers SAN FRANCISCO---- AtoB, whose groundbreaking payments platform fixes the trucking industry?s broken financial system, today announced it h...
Spotlight on Data Exchange & Data Sharing in 4 sessions of the Annual Meeting?s Agenda Dawex, the leading technology company for data exchange, data marketplace and data hub, announced today that co-CEO Fabrice Tocco will be speaking at the World Economic Forum Annual Meeting in Davos, and will share his vision on creating new data exchange ecosystems to respond to environmental and economic ch...
Overcoming the challenges will require a supply chain reinvention as a new economic order takes shape Supply chain challenges arising from the COVID-19 pandemic and Russia?s invasion of Ukraine could result in a potential ?920 billion cumulative loss to gross domestic product across the Eurozone by 2023, according to a report released today by Accenture.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of ?a+? of Royal Bank of Canada Insurance Company Ltd.. The outlook of these Credit Ratings is stable.
Hyliion Holdings Corp. (HYLN), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that it has become a member of the World Economic Forum and will join the Road Freight Zero coalition, an initiative that engages industry leaders around the world to accelerate the global transition to a zero-emission transportation future.
The annual meeting of the World Economic Forum will work under the theme of History at a Turning Point: Government Policies and Business Strategies Defined.ai, the leading provider of data, models and tools for Artificial Intelligence, announced today that the company?s Founder and CEO, Dr. Daniela Braga was invited to attend this year?s annual Davos meeting of the World Economic Forum this May...
Fitzgerald to present on food systems and the synergies between farmers and climate action U.S. Farmers & Ranchers in Action announced today that CEO Erin Fitzgerald will speak at the 2022 World Economic Forum Davos Summit.
Indicators Derived From Unstructured Data Will Help Policymakers Better Track Retail Pricing, Consumer Demand Shifts Driven by Central Bank Policy and the Ukraine War State Street Corporation (STT) today announced that it will begin providing the PriceStats Global Food Inflation series to the public, on a complimentary basis, to help policymakers grapple with rapidly rising food prices and supply sho...
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.