World Woman Foundation collaborates with?Cavrnus, Inc., and 10-year-old artist Aayati, the Co-Founder and Creator of Queendom Metaverse, to launch the first-ever metaverse to empower young girls between the ages of 10 to 18. According to UN Women, there are currently 1.1 billion girls worldwide. More than 450 global leaders from 30-plus countries attended the launch of the Queendom Metaverse.
First Fed Bank, subsidiary of First Northwest Bancorp (FNWB), announced today that Lynn Terwoerds has been appointed to the Board of Directors. "Lynn is a trusted leader and strategist with extensive experience in cybersecurity for Fortune Global 500 companies. ?First Fed is committed to delivering excellence to their customers, communities, and growing number of fintech partners.
The Equipment Leasing and Finance Association?s Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for December was $12.9 billion, up 9 percent year-over-year from new business volume in December 2021.
The U.S. economy will progressively slow through the first half of 2023 and fears of a recession are still high, and still warranted. U.S. consumers are still spending but doing so by increasing dependence on credit.
Key Highlights Existing-home sales retreated for the eleventh consecutive month in December, according to the National Association of Realtors?. Three of the four major U.S. regions recorded month-over-month drops, while sales in the West were unchanged.
PlugXR's no-code platform allows users to create the fastest Immersive applications, including Metaverse, Augmented Reality, and Virtual Reality applications by anyone. PlugXR V5.0 is already in action at the World Economic Forum 2023.
Pano AI, a pioneer in climate adaptation, has been selected as a winner of the World Economic Forum?s ?UpLink Trillion Trees: United States Challenge,? a competition to find innovative and ecopreneurial solutions to conserving and restoring US forests.
Numerator, a data and technology firm advancing market research, has released its monthly Numerator Retail Sales Report, an advance projection of the U.S. Census Bureau?s monthly retail and food services sales report, excluding motor vehicle & parts, gasoline, and miscellaneous retailers.
Freddie Mac reiterated today that it will transition its legacy U.S. dollar LIBOR-indexed contracts to an index based on the Secured Overnight Financing Rate for loans and securities for which Freddie Mac is responsible for selecting the replacement index.
Numerator, a data and technology company serving the market research space, has released its monthly Numerator Inflation Report, an advance projection of the U.S. Bureau of Labor Statistics? monthly Consumer Price Index. According to Numerator, seasonally adjusted prices for all food at home purchases increased 1.2% in December, an acceleration from the 0.5% increase in November.
Numerator, a data and technology company serving the market research space, has released its monthly Numerator Inflation Report, an advance projection of the U.S. Bureau of Labor Statistics? monthly Consumer Price Index. According to Numerator, seasonally adjusted prices for all food at home purchases increased 1.2% in December, an acceleration from the 0.5% increase in November.
Patch announced today it will join the First Movers Coalition, aligning with the technology platform?s mission to advance technology that makes meaningful climate action a part of everyone?s business. FMC aims to decarbonize ?hard to abate? industrial sectors that currently account for 30% of global emissions.
HMG Strategy, the World?s #1 digital platform for enabling technology executives to reimagine the enterprise and reshape the business world, is excited to share its lineup of 2023 CIO & CISO Executive Leadership Summits the company will be producing.
PDS Biotechnology Corporation (PDSB), a clinical-stage immunotherapy company developing a growing pipeline of targeted immunotherapies for cancer and infectious disease, today announced expanded interim data in a Phase 2 clinical trial investigating the PDS0101-based triple combination therapy in advanced human papillomavirus-positive cancers.
ING Group 2022 SREP process completed ING Group has been notified of the European Central Bank decision on the 2022 Supervisory Review and Evaluation Process, based on which it has taken a decision on ING?s prudential requirements, including capital requirements for 2023. ING Group?s fully loaded CET1 requirement is 10.96%, reflecting a countercyclical capital buffer of 47bps.
Freddie Mac today announced that it will transition its legacy U.S. dollar LIBOR-indexed contracts to an index based on the Secured Overnight Financing Rate for loans and securities for which Freddie Mac is responsible for selecting the replacement index.
Key Highlights Existing-home sales declined for the tenth month in a row in November, according to the National Association of Realtors?. All four major U.S. regions recorded month-over-month and year-over-year declines.
The Equipment Leasing and Finance Association?s Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for November was $8.6 billion, up 9 percent year-over-year from new business volume in November 2021.
Fortuna Silver Mines Inc. (FSM) is pleased to announce that it has published its Global Industry Standard on Tailings Management position statement, which articulates Fortuna?s approach to tailings management along with its implementation commitments.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.31 percent. ?Mortgage rates continued their downward trajectory this week, as softer inflation data and a modest shift in the Federal Reserve?s monetary policy reverberated through the economy,? said Sam Khater, Freddie Mac?s Chief Economist.
In what is likely to be a more challenging year for both the economy and the equipment finance industry, the 2023 forecast for equipment and software investment growth is 4.2%, according to the 2023 Equipment Leasing & Finance U.S. Economic Outlook.
Key Highlights Lawrence Yun, NAR chief economist and senior vice president of research, forecasts that 4.78 million existing homes will be sold, prices will remain stable, and Atlanta will be the top real estate market to watch in 2023 and beyond. Yun predicts home sales will decline by 6.8% compared to 2022 and the median home price will reach $385,800 ? an increase of just 0.3% from this year.
Numerator, a data and technology company serving the market research space, has released its monthly Numerator Inflation Report, an advance projection of the U.S. Bureau of Labor Statistics? monthly Consumer Price Index.
Money Management International is urging consumers to pay more than the monthly minimum payments on credit card bills because the Federal Reserve could again increase rates at their final meeting of the year. When the Fed meets in December, analysts say they could raise the short-term borrowing rate another .5 percentage point, on top of four straight .75 percentage point hikes.
ING reports outcome of 2022 EU-wide Transparency Exercise ING Groep N.V. (ING) notes the announcements made today by the European Banking Authority and the European Central Bank regarding the information of the 2022 EU-wide Transparency Exercise and fulfilment of the EBA Board of Supervisors? decision.
Eldorado Gold Corporation (EGO) today releases its updated Mineral Reserve and Mineral Resource estimates as of September 30, 2022. The Company?s total MRMR is adjusted for the planned divestment of its non-core Romanian asset, which is consistent with the Company?s strategy of focusing on core jurisdictions in its portfolio.
Newtek Business Services Corp. (NEWT) today announced that it has received conditional approval from Office of the Comptroller of the Currency to complete its acquisition of the National Bank of New York City.
StoneCo Ltd. (STNE) announced today that the Brazilian Central Bank has approved the technical requirement of change of control submitted by the Company amid a corporate restructuring involving its Founders, as announced by the Company on June 1, 2022.
Blink Charging Co. (BLNK), a leading designer, manufacturer and owner-operator of electric vehicle charging equipment and services, today announced Blink Charging Chairman and Chief Executive Officer, Michael D. Farkas, will be participating at the World Economic Forum?s inaugural?Advanced Energy Solutions meeting?in Geneva, providing business perspectives and sharing input on the acceleration of depl...
The Equipment Leasing and Finance Association?s Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for October was $11.3 billion, up 6 percent year-over-year from new business volume in October 2021.
Newtek Business Services Corp. (NEWT) today announced that it has received approval from the Federal Reserve to become a bank holding company and a financial holding company by acquiring the National Bank of New York City.
Key Highlights Existing-home sales retreated for the ninth straight month in October, according to the National Association of Realtors?. All four major U.S. regions registered month-over-month and year-over-year declines.
Chief Outsiders,?the nation?s largest and fastest growing firm offering fractional Chief Marketing Officer services with Fortune 500 experience, today hosted a live discussion with?ITR Economics?to assess business demand in 2023.?Leading economic indicators were analyzed to ascertain what CEOs must do to ensure growth and success in the coming year.
Launched nine years ago, Neuroscience20 educates global leaders and Group of Twenty leaders about the cost of neurological, spine, and mental disorders. ?We studied the cost of neuro-psychiatric and spine disorders to the world economy, and it took us almost a year to compile the data.
Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet?Fortinet (FTNT) has always had a belief that cybersecurity is a force for good and that making the internet a safe place for everyone is important.
Numerator, a data and technology company serving the market research space, has released its first Numerator Inflation Report, an advance projection of the U.S. Bureau of Labor Statistics? monthly Consumer Price Index.
Euronet Worldwide, Inc. (EEFT), a leading global financial technology solutions and payments provider, announced today a partnership with the Africa Electronic Trade Group to build a multi-channel, real-time cross-border payments gateway for the African continent.
Brownie?s Marine Group, Inc., a leading developer, manufacturer and distributor of tankless dive equipment, high-pressure air and industrial compressors and dive retailer in the marine industry, today announced results for the third fiscal quarter ending September 30st, 2022.
The third quarter of 2022 saw more consumers turning to unsecured personal loans and credit cards as a means to help stave off the financial pressures brought on by inflation. ?Consumers are being pressured on multiple fronts, first by this environment of high inflation, and secondarily by the higher interest rates that the Federal Reserve is implementing to tamp it down.
According to Waste Sense, provider of independent and cost-effective waste management services Melbourne-wide, embracing a circular economy in Australia involves transitioning the way materials are dealt with to effectively eliminate waste.
First Fed Bank, subsidiary of First Northwest Bancorp (FNWB), has scheduled its Centennial Celebration for September 3, 2023. ?Our bank was founded in Port Angeles in 1923,? said Matt Deines, CEO of First Fed. "Our goal is to celebrate this major milestone with our team members, customers, and community,? said Derek Brown, Chief HR and Marketing Officer.
The Equipment Leasing and Finance Association?s Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for September was $10.2 billion, up 11 percent year-over-year from new business volume in September 2021.
NP Digital, a leader in performance marketing, continues its rapid global growth earning it more noteworthy industry recognition. The agency also ranks #6 fastest growing minority-owned agency and 15 out of 75 overall.
Euronet Worldwide, Inc. (EEFT), a leading global electronic payments provider and distributor, today announced the Company has amended its unsecured revolving credit facility to increase the facility from $1.030 billion to $1.250 billion. The amended credit facility transitions the benchmark interest rate from LIBOR to the recommended replacement benchmark for each applicable currency.
According to national nonprofit Money Management International, recent and upcoming Federal Reserve interest rate hikes could add as much as $4,500 in interest charges to consumers making minimum payments on their credit cards. The Federal Reserve is seeking to contain inflation by hiking interest rates, with two more rate hikes anticipated by the end of the year.
Key Highlights Existing-home sales descended in September, the eighth month in a row of declines, according to the National Association of Realtors?. Three out of the four major U.S. regions notched month-over-month sales contractions, while the West held steady.
First Fed Bank, subsidiary of First Northwest Bancorp (FNWB), today announced that Ana Liza Grandner has joined the leadership team as Senior Vice President and Chief Payments Officer. "Ana Liza is a recognized leader in fintech banking, with deep experience in the digital payments ecosystem,? said Matt Deines, President and CEO of First Fed Bank.
Micron Technology, Inc. (MU), an industry leader in innovative memory and storage solutions, today announced that the World Economic Forum has named its facility in Singapore as a Sustainability Lighthouse ? the first front-end semiconductor fab in the world to have received this recognition.
"The old ways of doing finance are simply not working for most of humanity," surmises author Barbara Guth in her new book The Evolution of Finance: A New Vision for Entrepreneurial Innovation. There is no place this is more obvious than in the inventor/investor dynamic.
Saint Lucia is one of the fastest-growing economies in the Caribbean region. The Economic Commission for Latin America and the Caribbean projects Saint Lucia?s economy will grow by 8% this fiscal year, the highest GDP growth among Eastern Caribbean Currency Union [ECCU] Member States in 2022.
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.