RICHMOND, Ind. President's Comments Garry Kleer, Chairman, President and Chief Executive Officer, commented, "While the Federal Reserve continued to raise interest rates, we were able to grow our loan and lease portfolios while increasing profitability and returning excess capital to shareholders through dividends and share repurchases.
FRANKFURT, Germany, Jan. 26, 2023 /PRNewswire/ --?Emma ? The Sleep Company, the world's largest D2C sleep brand, ended 2022 with record revenues of US$948 million and a year-on-year revenue growth rate of 35%. In doing so, the sleep company exceeded its own full-year revenue target of US$ 869 million in what was a turbulent year for the global economy.?While competitors entered administration d...
TEMPE, Ariz. Seasonal adjustment factors are used to allow for the effects of repetitive intra-year variations resulting primarily from normal differences in weather conditions, various institutional arrangements, and differences attributable to non-movable holidays.
The latest economic conditions report from ACCA and IMA paints a picture of a steady but weak global economy; North American confidence continues recovering from Q2 blow NEW YORK and MONTVALE, N.J., Jan. 26, 2023 /PRNewswire/ --?The global economy shows signs of steadying, however, many indicators remain weaker than a year ago, according to the Global Economic Conditions Survey for Q4 2022 from...
Sesame, which raised $27 million in Series B capital in 2022,?saw unprecedented demand for its consumer health care marketplace,?driving price stability for cash-pay health services versus 2021 NEW YORK, Jan. 25, 2023 /PRNewswire/ --?According to the U.S. Bureau of Labor Statistics' Consumer Price Index, the average price paid by consumers within a basket of 16 consumer categories increased by ...
YONKERS, N.Y.?, Jan. 25, 2023 Joseph Kenner, CEO and President of Greyston, took the stage at Davos as one of the Social Innovators of the Year 2023 by the Schwab Foundation for Social Entrepreneurship, to discuss the need for companies to embrace Open Hiring? to fulfill the dramatically changing labor market.
DAVOS, Switzerland, Jan. 25, 2023 Launched at Davos during the World Economic Forum week, the Universal Digital Payments Network is a DLT-underpinned messaging backbone focused on providing interoperability between the fast-growing number of different regulated stablecoins and CBDCs, and seamless connectivity between any business IT system and regulated digital currencies.
BOCA RATON, Fla. Monica Escaleras, Ph.D., director of FAU BEPI in the College of Business. Inflation fell to 6.5 percent in December compared with a year ago, according to U.S. government figures. Airline fares fell 28.5 percent from the previous year, while over the same period car repairs dropped 19.5 percent and delivery services fell 13.3 percent.
DAVOS, Switzerland, Jan. 23, 2023 /PRNewswire/ -- The updated framework of the Hispanic Promise?has been launched globally at the World Economic Forum Annual Meeting 2023. "DEI is an imperative for growth and companies need comprehensive frameworks of action to advance their priorities. "Hispanics are close to 20% of the US population, the youngest demographic, and account for 12% of the GDP.
The entrepreneurship education organization pushes the barriers of inclusivity and innovation within 21st century education NEW YORK, Jan. 23, 2023 /PRNewswire/ -- Network for Teaching Entrepreneurship?, a global nonprofit that has been igniting the entrepreneurial mindset in young people since 1987, has been selected as one of The World Economic Forum's Education 4.0 Lighthouses.
NEW YORK, Jan. 23, 2023 /PRNewswire/ -- Mitsubishi UFJ Financial Group's Capital Markets Strategy team released its 2023 outlook titled "The New Macro Supercycle" providing a forward-looking perspective on the global economy, monetary policy and markets in the next 12 months?and highlighting prevalent themes driving the worldwide economic environment in the decade ahead.
LEMOYNE, Pa., Jan. 20, 2023 The Pennsylvania housing market saw a shift in activity in December, according to a report prepared for the Pennsylvania Association of Realtors?. The median existing home sales price of homes sold dropped 11% from the previous month to $193,792 in December, which is nearly the same as it was a year ago.
WALTHAM, Mass. The Zero Health Gaps Pledge is part of the Global Health Equity Network, which brings together key stakeholders from the public and private sectors to advance a collective vision of Zero Health Gaps, in line with the UN Sustainable Development Goals.
The Compliance Directory provides a vetted list of compliance solutions and service providers to assist industry professionals as they navigate cannabis banking. WASHINGTON, Jan. 19, 2023 /PRNewswire/ -- "A critical component of the Cannabis Banking Ecosystem, that ties everything together, is Compliance."
NEW YORK, Jan. 19, 2023 Agro.Club, an AgTech company with presence in Europe, South America, and North America, expands its grain marketplace to operate globally in order to improve the security and sustainability of the agricultural value chain. Recent data from the World Economic Forum in Davos indicates that our food systems and food security are in danger.
C$ unless otherwise stated???????????????????????????????????????? TSX/NYSE/PSE: MFC???? SEHK: 945. Efforts will surface and scale innovative solutions that strengthen sustainable forestry and improve health and well-being.
DAVOS, Switzerland, Jan. 18, 2023 /PRNewswire/ --?At the World Economic Forum, the Valuable 500 launches white paper entitled 'ESG and disability data: a call for inclusive reporting'. Disability inclusion is strikingly absent from standardised key performance indicators through which organisations measure their impact and the value they bring to society.
New white paper evaluates the state of global CBDC exploration and recommends next steps for the U.S. as digital currency momentum accelerates WASHINGTON, Jan. 18, 2023 /PRNewswire/ --?The Digital Dollar Project today announced the release of an updated version of its white paper, "Exploring a U.S. CBDC," offering a global perspective on the rapidly accelerating developments in central bank dig...
Complaint Asserts Central Bank of Curacao and Sint Maarten Unlawfully Retained Control of Private Assets and Orchestrated the Sale to Notorious Money-Launderer Tied to Central Bank Official LOS ANGELES, Jan. 17, 2023 /PRNewswire/ -- Dr. Nina Ansary, an internationally recognized women's rights advocate and award-winning Iranian American author and historian today filed a complaint against the C...
Deloitte's leadership in establishing the Centre is the latest step in the organization's commitment to the ethical and responsible development and operation of emerging technology AUSTIN, Texas, Jan. 17, 2023 /PRNewswire/ -- Deloitte today announced it is a founding sponsor of the World Economic Forum's new Centre for Trustworthy Technology?to promote and facilitate ethical technology.
DAVOS, Switzerland, Jan. 17, 2023 /PRNewswire/ -- The global community must transform food systems if we are to feed growing populations, build resilience to climate change, support farmers and achieve net-zero.
Latest Investment Fund Takes Advantage of Recent Federal Reserve Interest Rate Increases GRAND RAPIDS, Mich. Designed to capitalize on recent interest rate increases from the Federal Reserve Board, the fund will provide intermediate funding for quality cash flowing multifamily projects throughout the U.S. which are then quickly sold to large financial institutions.
Flex factory site in Brazil?honored for developing a holistic circular economy ecosystem through implementation of smart factory utilities management and IoT sensors SAN JOSE, Calif. To achieve the Sustainability Lighthouse designation, the Flex team in Sorocaba, Brazil demonstrated a substantial reduction in their environmental footprint.
Trip.com Group CEO attends global forum as a key travel and tourism industry leader DAVOS, Switzerland, Jan. 17, 2023 /PRNewswire/ --?Leading online global travel service provider, Trip.com Group, is driving the ongoing recovery of travel at the prestigious World Economic Forum.
The number of companies moving parts of their manufacturing back home has doubled in the last year 96% of companies confirmed they are making changes to their supply chains due to geopolitical events More than half of companies are reshoring operations to mitigate potential global disruptions DAVOS, Switzerland, Jan. 17, 2023 /PRNewswire/ --?New research has revealed the emergence of major shif...
DAVOS, Switzerland, Jan. 17, 2023 ?The?Chief Minister of Maharashtra, India, Shri Eknath Shinde, has lined up 21 Memorandums of Understanding with leading foreign investors and global companies, worth over $17 billion, at the World Economic Forum.
BOSTON, Jan. 17, 2023 /PRNewswire/ -- The Ukraine conflict has replaced the pandemic as the leading strain on global trade. The report, titled "Protectionism, Pandemic, War, and the Future of Trade,"?predicts that world trade will grow at a rate of just 2.3% per year through 2031?less than the 2.5% projected for global economic growth.
LONDON, Jan. 16, 2023 /PRNewswire/ -- The 500 largest family businesses in the world are vital to the health of and are growing faster than the global economy. Longevity and stability continue to be a staple among the companies listed on the 2023 index, as more than three-quarters have been around for more than 50 years, and nearly one-third are more than a century old.
NEW YORK, Jan. 16, 2023 /PRNewswire/ -- Nearly three quarters of CEOs believe global economic growth will decline over the next 12 months, according to PwC's 26th Annual Global CEO Survey, which polled 4,410 CEOs in 105 countries and territories in October and November 2022.
DUBAI, UAE, Jan. 16, 2023 ?Standard Chartered announced today the launch of its latest research report titled 'The Adaptation Economy' which investigates the need for climate adaptation. The research features 10 markets, including the UAE, India, China, and Pakistan, and highlights that the lack of action could cost billions in climate damages and lost GDP growth this decade.
SEOUL, South Korea and DAVOS, Switzerland, Jan. 16, 2023 /PRNewswire/ -- Hyundai Motor Group is promoting the South Korean city of Busan's bid to host World EXPO 2030 at the World Economic Forum in Davos, Switzerland, an event that engages the world's top political, business and cultural leaders.
BOSTON, Jan. 13, 2023 /PRNewswire/ -- Schneider Electric, the leader in the digital transformation of energy management and automation, has been named as a Global Parity Alliance Diversity, Equity and Inclusion Lighthouse for its Global Pay Equity initiative, by the World Economic Forum's Centre for the New Economy and Society.
As world leaders convene on the state of the world and its priorities, Filecoin Foundation is bringing together the world's brightest minds across business and government SAN FRANCISCO, Jan. 13, 2023 /PRNewswire/ -- WHO:?Filecoin Foundation, which facilitates governance of the Filecoin network, funds research and development projects for decentralized web technologies, and supports the growth ...
WASHINGTON, Jan. 13, 2023 Fannie Mae?today reminded the market, as announced on December 22, 2022, that it will transition its legacy LIBOR loans and securities to the SOFR-indexed benchmark replacements recommended by the Federal Reserve Board.
ALEXANDRIA, Va., Jan. 13, 2023 ?In December, IT employment declined 0.13% month-over-month while the unemployment rate for IT stood at 2.1% in Q4, according to TechServe Alliance, the national trade association of the Technology Staffing and Solutions Industry the unemployment rate for IT.
AMSTERDAM and LONDON, Jan. 12, 2023 Cboe Global Markets Inc., a leading provider of global market infrastructure and tradable products, today announced that Cboe Clear Europe, its Amsterdam-based clearing house, has received permanent recognition by the Bank of England to operate as a central counterparty in the UK.
The German digital sector will smash its previous record for turnover in 2023, predicts the country's leading digital industry association. BERLIN, Jan. 11, 2023 /PRNewswire/ -- Digital is doing extremely well in Deutschland. Bitkom also predicts 4.8 percent global growth in the sector, with total value reaching more than 4.3 trillion euros.
Company Part of a Select Group of the World's Most Promising Start-Ups and Scale-Ups Founder and Executive Chair Nicole Sahin to Present?at the World Economic Forum 2023 Annual Meeting BOSTON, Jan. 11, 2023 /PRNewswire/ -- G-P, the leading Global Employment Platform? that makes it fast, simple, and compliant for companies to hire anyone, anywhere, announced that G-P has been selected as a memb...
STELLAR PROGRAMME OF EVENTS AND SPEAKERS: ?www.ukrainehousedavos.com?. LONDON, Jan. 10, 2023 ?DAVOS ? Ukraine House Davos will open its doors on January 16th, 2023, for four days of panels and cultural events alongside of the World Economic Forum.
TEMPE, Ariz. The report was issued today by Nancy LeMaster, MBA, Chair of the Institute for Supply Management? Hospital Business Survey Committee: "The Hospital PMI??registered 57 percent in December, a 0.5-percentage point decrease from the November reading of 57.5 percent, indicating a 31st consecutive month of growth.
WASHINGTON, Jan. 9, 2023 ?With sensible regulations and broader market acceptance in the pipeline, the blockchain industry is likely to gain more traction in the years to come. Blockchain is a pseudonymous peer-to-peer network that depends on cryptographic protocols and uses decentralized ledgers to keep transaction records.
Millennials or younger are experiencing the most burnout amid growing demand for digital products and financial guidance CLEVELAND, Jan. 9, 2023 /PRNewswire/ -- The KeyBank 2023 Financial Mobility Survey, released today, finds Americans are in a difficult financial position as 55% faced financial challenges over the last year, a substantial increase from the year prior, with more than double t...
HPSI Inched Upward in December but Remains Well Below Pre-Pandemic Highs WASHINGTON, January 9, 2023 The Fannie Mae Home Purchase Sentiment Index? increased 3.7 points in December to 61.0, but the index remains only slightly above its all-time low set in October.
Sourcemap joins the 'Shaping the Future of Advanced Manufacturing and Value Chains' Platform to provide sustainable solutions for responsible business practices globally NEW YORK, Jan. 9, 2023 /PRNewswire/ -- Sourcemap, a global provider of supply chain transparency and traceability software, today announced it has joined the World Economic Forum's Global Innovators Community to expand sustaina...
LONDON, Jan. 9, 2023 The stock market rallies through 2020 and 2021 were steeper than the most bullish analysts had predicted. Investors Lose Their Mojo Bears were on the prowl for most of 2022, especially in the second half of the year. Central banks around the world, including the Federal Reserve, Bank of England and ECB, responded with aggressive interest rate hikes.
Tech industry companies add workers for the 25th consecutive month; tech occupation unemployment rate drops to 1.8% DOWNERS GROVE, Ill. 1 Employer job postings for future tech hiring declined for the second consecutive month, but still totaled more than 246,000 in December.
SHANGHAI, Jan. 6, 2023 The China International Import Expo has been described by global companies as a vital platform for promoting trade, investment and global cooperation. Industry players have also said that the expo further opens the Chinese market to the rest of the world and firmly supports economic globalization and trade liberalization.
SHANGHAI, Jan. 6, 2023 The China International Import Expo has been described by global companies as a vital platform for promoting trade, investment and global cooperation. Industry players have also said that the expo further opens the Chinese market to the rest of the world and firmly supports economic globalization and trade liberalization.
ROSELAND, N.J., Jan. 5, 2023 ?Private sector employment increased by 235,000 jobs in December and annual pay was up 7.3 percent year-over-year, according to the December ADP? National Employment Report??produced by the ADP Research Institute? in collaboration with the Stanford Digital Economy Lab.
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.
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