Financial Edge – Antochi http://antochi.ro/ Wed, 05 Jan 2022 17:42:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://antochi.ro/wp-content/uploads/2021/07/icon-1-150x150.png Financial Edge – Antochi http://antochi.ro/ 32 32 Edge Technologies refreshes the brand image after the transaction and https://antochi.ro/edge-technologies-refreshes-the-brand-image-after-the-transaction-and/ Wed, 05 Jan 2022 17:01:00 +0000 https://antochi.ro/edge-technologies-refreshes-the-brand-image-after-the-transaction-and/ ARLINGTON, Virginia, January 5, 2022 (GLOBE NEWSWIRE) – Edge Technologies Inc. (“edgeTI” or the “Company”) updated its brand and website today following its transaction (the “Transaction”) with Aphelion Capital Corp. (“Aphelion”) to become “Edge Total Intelligence, Inc.” The brand refresh includes an updated logo that preserves the previous appearance of the company while emphasizing total […]]]>

ARLINGTON, Virginia, January 5, 2022 (GLOBE NEWSWIRE) – Edge Technologies Inc. (“edgeTI” or the “Company”) updated its brand and website today following its transaction (the “Transaction”) with Aphelion Capital Corp. (“Aphelion”) to become “Edge Total Intelligence, Inc.” The brand refresh includes an updated logo that preserves the previous appearance of the company while emphasizing total intelligence with the addition of TI to the wordmark.

“We believe this refresh, after the deal closes, positions edgeTI to execute our growth strategy to expand market knowledge and deliver disruptive business control and intelligence automation solutions – Total Intelligence, ”said James Barrett, CEO of edgeTI. “Our low-code software platform enables organizations to quickly understand threats and opportunities to accelerate direct actions on technology and business operations, all without uprooting existing technology applications or replicating expensive data stores. “

In connection with the Transaction, Aphelion’s previous trade symbol, APHE, was changed to “CTRL” in order to clearly align the Company’s focus on organizational control, automation and optimization. The company’s shares are expected to resume trading in January. The official date will be communicated once the approvals are completed and scheduled with the TSX Venture Exchange.

“Our experience shows us that customer expectations for ongoing operations have increased in the face of continued global and regional disruption. Business operations, especially supply chains, and their underlying technology must be more resilient, contextual, composable and controllable, ”added James Barrett. “This is what we are solving every day, and we must evolve to meet growing customer demand for real-time digital operations. “

Previously announced transaction and financing

Further information on the transaction is available on the Company’s website and on its SEDAR profile at www.sedar.com and in Aphelion’s press release dated December 24, 2021.

About edgeTI

Edge Total Intelligence is a leader in real-time digital operations, delivering increased operational resilience, agility and efficiency. The company’s low-code rapid development software, edgeCore ™, securely unifies control and intelligence without creating new data stores or uprooting existing systems. Configurable pipelines and visualizations transform siled systems into composable operations that meet unique user needs and evolving business situations. Learn more at www.edgeti.com.

Forward-looking information and statements

Certain information contained in this press release may contain forward-looking statements. This information is based on current expectations which are subject to significant risks and uncertainties which are difficult to predict. Such forward-looking information includes, but is not limited to, statements regarding the resumption of trading of the Company’s shares, execution and expectations relating to its growth strategy and its ability to evolve to meet increasing demand. Actual results may differ materially from results suggested in forward-looking statements. edgeTI assumes no obligation to update any forward-looking statements or to update the reasons why actual results could differ from those reflected in forward-looking statements unless and until applicable securities laws. to edgeTI require it. Additional information identifying the risks and uncertainties is contained in documents filed by edgeTI with Canadian securities regulators, which documents are available at www.sedar.com.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the Qualifying Transaction and has neither approved nor disapproved of the contents of this press release.

Trading in edgeTI shares will remain suspended until authorization to resume trading has been obtained from the TSX Venture Exchange.

        


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Dynasty CEO shares big vision for downtown tower, next steps • St Pete Catalyst https://antochi.ro/dynasty-ceo-shares-big-vision-for-downtown-tower-next-steps-st-pete-catalyst/ Mon, 03 Jan 2022 18:46:03 +0000 https://antochi.ro/dynasty-ceo-shares-big-vision-for-downtown-tower-next-steps-st-pete-catalyst/ St. Petersburg-based wealth management firm Dynasty will develop a Class A office tower in the city center that will include residential units and be used to recruit fintech companies in the city. Dynasty was one of seven development teams vying to purchase the land at 910 2nd Ave. South, used as a parking lot for […]]]>

St. Petersburg-based wealth management firm Dynasty will develop a Class A office tower in the city center that will include residential units and be used to recruit fintech companies in the city.

Dynasty was one of seven development teams vying to purchase the land at 910 2nd Ave. South, used as a parking lot for the Tampa Bay Rays, to turn it into an actual works development. Last week, in an exclusive interview, St. Petersburg Mayor Rick Kriseman announced the selection of Dynasty’s proposal.

According to Dynasty’s plans, the new Class A offices would house Dynasty’s new headquarters and potentially the new headquarters of Cathie Wood’s ARK Invest company. It would also provide residential units with housing for the workforce and a hub for innovation and recruitment, among other components. Ken Jones of Third Lake Partners and Steve Case of Revolution would be the main contributors to the project’s innovation hub.

Penney said Dynasty, located in 200 Central Tower where ARK Invest is also located, is looking for a larger space as it prepares for other acquisitions and will need a site to consolidate them. He said Wood also needed a bigger footprint for ARK Invest.

The entire 2-acre site project could cost between $ 140 million and $ 160 million.

Penney spoke more about the big vision and the long-term process:

What was your reaction when you learned that the mayor had selected your proposal? In my experience with Kriseman, he always does what he thinks is best for the city. We felt that we had built a strong proposition in terms of economic development and a mix of building plans. There must be financial strength in any new project – capital is important and expertise is economic development. We trusted the mayor and the city for their decision. When we were selected I called each of the partners from Steve to Cathie, Kim and Marc [Iron Chef and Michelin star holder Marc Forgione]. We all hope this will evolve quickly and we are delighted to partner with the mayor-elect and gain new perspectives.

On the business side, this seems to add more desktop options for businesses beyond those listed in the proposal.

We really like the building we’re in now and we liked Third Lake Partners so much that we wanted to partner with them for the new building. When you are building a project like this, you want a substantial amount of real estate deals from an investor’s perspective. It’s hard to rely on specs because the longer it stays, the money you lose. We know that more than half of the space will be occupied by internal demand with the offices of Dynasty and ARK Invest. I can imagine that a company that wants to do business with us or that currently decides to settle in the same building. I don’t think we’ll have any problems filling the space.

Why did you decide to integrate the commercial and the residential in a single building? The plans for the residential units have yet to be finalized. We submitted the plan to have a building that would integrate commercial spaces, restaurants and mixed-use spaces for tenants. The residential units would be built above the offices. We looked at renderings of what it would look like to separate commercial from residential. The best way to maximize space on the site would be to combine everything.

What are the next steps? We are finalizing the purchase and working with the city team and ours to prepare the plans [Dynasty has offered the city $6.25 million to purchase the site]. There will be a whole host of licensing requirements for us, but we’re ready to go.

Will there be any incentives associated with the site that you could pursue? The site is in an opportunity zone. As a large wealth management company, we frequently inform our clients that the areas of opportunity are excellent in terms of potential developments on necessary investments. In terms of tax benefits, they only work if you can generate income. He still has to stand up on his own merit. There is a potential advantage for us, but that was not the main reason for the team. I hope that this building which will be at the edge of the Tropicana Field site will initiate the redevelopment of the Trop.


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Racial Calculation Focuses on Historic Roadside Markers https://antochi.ro/racial-calculation-focuses-on-historic-roadside-markers/ Sat, 01 Jan 2022 23:36:19 +0000 https://antochi.ro/racial-calculation-focuses-on-historic-roadside-markers/ HARRISBURG, Pa. (AP) – Pennsylvania had been setting historical markers for more than a century when racist violence in Charlottesville, Va. In August 2017 sparked a new round of questions from the public about who was telling the stories in the state. roadsides – and the language used to tell them. The increased scrutiny helped […]]]>

HARRISBURG, Pa. (AP) – Pennsylvania had been setting historical markers for more than a century when racist violence in Charlottesville, Va. In August 2017 sparked a new round of questions from the public about who was telling the stories in the state. roadsides – and the language used to tell them.

The increased scrutiny helped prompt a review of the 2,500 markers by the Pennsylvania Historical and Museum Commission, a process that focused on factual errors, inadequate historical context, and racist or otherwise inappropriate references.

So far, the state has removed two markers, revised two, and commissioned new text for two more.

Across the country, historical landmarks have in some places become another front on the national scene. account on slavery, segregation and racial violence this at Also beaten downCivil war statues and changed or reconsidered the names of establishments, roads and geographic features.

The idea that “who is honored, what is remembered, what is commemorated tells the story of a society that cannot be reflected in any other way” is at the origin of an effort by the ‘Equal Justice Initiative, based in Montgomery, Alabama, which installed dozens of markers, mostly in the South, to remember racial terror lynchings.

Historical markers educate the public and therefore can help fight systemic racism, said Diane Turner, curator of the Charles L. Blockson Afro-American Collection at Temple University in Philadelphia, one of the nation’s largest custodians. black history literature and related materials.

“Being able to tell everyone’s story is good for society as a whole. It’s not to be taken away from anyone else, ”Turner said. “Let’s have these stories, because the more truth we have, the better.”

At the request of Bryn Mawr College President Kimberly Wright Cassidy, the Pennsylvania History Agency removed a marker from the edge of the campus indicating that President Woodrow Wilson had briefly taught there. Cassidy’s letter to the commission cited Wilson’s dismissive comments about the intellectual capacities of women and his racist policy of federal labor segregation.

The commission ordered the modification of a marker in the suburb of Philadelphia, birthplace of Continental Army Major General “Mad” Anthony Wayne, because he called him an “Indian fighter”. He is also developing a replacement to a marker that was removed from the grounds of the National Aviary in Pittsburgh, on the site of a 19th century prison, which noted Confederate cavalry were held there after their capture in Ohio during civil war.

The state government removed a marker in Pittsburgh’s Point State Park indicating the location where British General John Forbes achieved a military victory in 1758, which, according to the marker, “established Anglo-supremacy. Saxon in the United States ”.

The commission also revised markers in Fulton County, central Pennsylvania, related to the movement of Confederate Army troops after the Battle of Gettysburg in 1863 and to a Confederate cavalry raid in 1864 on Chambersburg that resulted in left much of the city in smoldering ruins.

A marker had previously described the last Confederates to camp on Pennsylvania soil – the state has since added terms of their defeat to Union troops. The other marker, roughly two Confederates killed in a skirmish, has been revised with details of their raid and how New York Union soldiers killed them and took 32 prisoners.

The changes generated some political resistance, especially from a representative of the Republican state, a member of the Historical Commission and Museums, who wrote in October about his objections to the initiative.

“My fear is that the commission will become less of a true historical arbiter and more of a miniaturized version of George Orwell’s Ministry of Truth that forces government agents to alter the story to fit the convenient narrative of officials,” wrote State Representative Parke Wentling. .

In a report to the commission, a contractor said that an elected Fulton County commissioner harassed his team when they removed the old markers last year.

And this month Steve Miskin, a senior State House Republican press official, responded to an account on the Fulton County markers with a tweet asking, “Is Pennsylvania considering removing” The Confederation ”of textbooks? Censorship TV shows and movies that mention “Confederation? “

Disputes over how historic markers should be labeled – or whether they should exist at all – have divided communities in other states in recent years, including in Memphis, Tennessee; Sherman, Texas; and Colfax, Louisiana.

In Pennsylvania, the commission reviewed all 2,500 markers it controls with a focus on how the lives and histories of African Americans and Native Americans are portrayed and adopted a new policy on how markers are established. About a year ago, he identified 131 existing markers that might require modification, including a subgroup of 18 that needed immediate attention.

“The language could be sexist, it could be racist, it could be all of those different things,” said Jacqueline Wiggins, retired Philadelphia educator on the State Historical Commission Marker Review Panel. “There is work to be done.

Newly approved markers increasingly tell the stories of previously under-represented people and groups.

The commission provides financial support to markers if their topics relate to women, Hispanics, Latinos, and Asian Americans, or if they relate to black and LGBTQ history outside of Philadelphia. Financial support is also provided to under-represented regions. Last year, the agency subsidized markers on petroglyphs in Clarion County, a camp where Muhammed Ali trained in Schuylkill County and the site of a boycott that ended an effort to school segregation in County Chester.

New markers approved in March include the first significant Chinese immigrant workforce in the state at a cutlery factory, the co-founder of one of the country’s first black fraternities, and three Ephrata women who are among the first. documented composers of the country.

Native American-related markers generally define Indigenous peoples based on the Europeans who moved them, such as a Juniata County marker on “a palisade built circa 1755 to protect settlers from Indian marauders.”

“There’s a lot of tap dancing about who started which battle or skirmish,” said historian Ira Beckerman, who recently conducted a study focused on Pennsylvania markers related to black and Native American history. “If the settlers started it, it was a battle and therefore worthy. If the Native Americans responded in the same way, it was massacre, savagery, etc.

Beckerman concluded that overall, the state’s 348 Native American historical markers “tell a fairly accurate and compelling story of racism and white nationalism.”


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Sensex Today: Live Stock Market Updates: Sensex, Nifty Borders Higher Amid RIL Gains, Banks; Textiles stocks advance as reports show GST hike postponed https://antochi.ro/sensex-today-live-stock-market-updates-sensex-nifty-borders-higher-amid-ril-gains-banks-textiles-stocks-advance-as-reports-show-gst-hike-postponed/ Fri, 31 Dec 2021 08:13:00 +0000 https://antochi.ro/sensex-today-live-stock-market-updates-sensex-nifty-borders-higher-amid-ril-gains-banks-textiles-stocks-advance-as-reports-show-gst-hike-postponed/ The benchmarks were trading on a firm note in the last session of 2021 amid gains from heavyweights RIL and stocks from private banks. Sector-wise, metals, real estate and financials led the way. India VIX was largely unchanged, suggesting low volatility ahead. CMS Info Systems lists flat. !1 new updateClick here for the latest updates […]]]>

The benchmarks were trading on a firm note in the last session of 2021 amid gains from heavyweights RIL and stocks from private banks. Sector-wise, metals, real estate and financials led the way. India VIX was largely unchanged, suggesting low volatility ahead. CMS Info Systems lists flat.

!1 new updateClick here for the latest updates

EaseMyTrip looking for new acquisitions next year

ESB-listed Easy Trip Planners, known as EaseMyTrip, will be looking at more acquisitions next year, in addition to growing organically, said co-founder Prashant Pitti. EaseMyTrip has announced plans to acquire brands such as Spree Hospitality and YoloBus this year and wants to expand its non-airline business, Pitti said.

Tech Mahindra acquires 100% of the capital of Allyis India, Green Investments

Price as of December 31, 2021 13:43Click on the names of the companies for their live prices.

Bitcoin faces uncertain 2022 after record year

The price of bitcoin hit record highs in 2021 thanks to support from mainstream finance, but cryptocurrency scholars are struggling to predict next year’s results for the volatile sector. Having more than tripled in value to $ 60,000 between December 2020 and April, bitcoin has lost its luster to trade below $ 50,000 as the new year approaches.

The markets may be more demanding in 2022 and therefore sticking to high quality companies and maintaining your forecasted asset allocation remains the key to a better result from 2022.

– Dhiraj Relli, Managing Director and CEO, HDFC Securities

Textile GST hike postponed, sources say

Price as of December 31, 2021 13:09Click on the names of the companies for their live prices.

Top 10 winners on NSE

Price as of December 31, 2021 13:01Click on the names of the companies for their live prices.

Top Sensex contributors

New Year’s Party on D-Street; Sensex jumps 575 points

New Year's Party on D-Street;  Sensex jumps 575 points

The BSE SMALLCAP index increases by more than 1%; they are the best winners and losers of the pack

The BSE SMALLCAP index increases by more than 1%;  they are the best winners and losers of the pack

A clever fair value set at 20,000: ICICIDirect

With the worst asset quality issues behind us amid tackling large stressed assets and economic optimism in the post-Covid era, Nifty’s earnings CAGR sits impressively at 25.7% at during exercises 21E-23E. We estimate the Nifty at 20,000, or 24.5x P / E on FY23E EPS of Rs 815 with the Sensex objective corresponding to 66,600.

Mid and small caps provided exceptional returns during CY21. This is expected to continue through CY22E due to the inherent trading gaps as the earnings CAGR for mid caps and small caps in FY 21-23E is expected to reach around 39%, 28%, respectively. Going forward, innovative themes present in the mid and small cap space (such as specialty chemicals in steel, home textiles, CRAMS, etc.), higher earning potential and reasonable valuations ( trading at <20x PE on FY23E, ~ 0.5x PEG) make us believe that more benefits are in store for investors.

A clever fair value set at 20,000: ICICIDirect

Weak IT sector in today’s commerce

Price as of December 31, 2021 11:26Click on the names of the companies for their live prices.

The government approves the 19th tranche of electoral obligations; the sale opens on January 1st

Ahead of parliamentary elections in five states, the government on Thursday approved the issuance of the 19th tranche of Election Bonds, which will be open for sale Jan.1-10. Election bonds have been touted as an alternative to cash donations to political parties as part of efforts to ensure transparency in political funding. However, opposition parties have raised concerns about the alleged opacity of funding through these bonds.

Reliance buys UK battery company for £ 100million

Price as of December 31, 2021 10:46 amClick on the names of the companies for their live prices.

Rupee gains 12 paise to 74.30 against US dollar at start of trade

The rupee appreciated 12 paise to 74.30 against the US dollar when trade opened on Friday, following gains in domestic stock markets. In the interbank forex market, the rupee opened strongly at 74.35 against the US dollar, then edged up to 74.30, registering a 12 paise rise since the last close.

Top 10 Losers In Today’s Morning Trading

Price as of December 31, 2021 10:39 a.m.Click on the names of the companies for their live prices.

PB Fintech jumps 5% as a company to invest up to Rs 1,000 cr in two subsidiaries

PB Fintech shares climbed 5% in Friday’s trading session as the insurance company approved up to Rs 700 crore in one or more tranches in the Policybazaar Insurance Brokers Private Limited subsidiary in 22 fiscal years and 23, and up to 299.99 crore rupees in the Paisabazaar branch. Marketing and Consulting Private Limited.

MOSL initiates hedging on Indigo, with target price of Rs 2,270

Price as of December 31, 2021 10:09 amClick on the names of the companies for their live prices.

ITC will launch a host of plant-based meat products, in anticipation of the growing demand for meat substitutes and vegan meals in India.

Price as of December 31, 2021 09:53Click on the names of the companies for their live prices.

2022 should see a better performance of finance. Higher GDP growth, improved capital spending, rising demand for credit, falling NPAs and rising profitability bode well for the banking segment. However, an important factor would be the activity of the FII. If the IFIs continue to push sales into early 2022 as well, bank stocks will remain subdued. But, with India’s GDP expected to grow at 8% in FY 23, the IFIs are expected to make a comeback. As exports perform well, segments like Pharmaceuticals, Specialty Chemicals and Textiles may outperform in 2022. In IT, large caps are safer than highly valued mid caps.

– Dr. VK Vijayakumar, Chief Investment Strategist at geojit Financial Services

NEW LIST: CMS information systems set up for a flat start

NEW LIST: CMS information systems set up for a flat start

Gold is rising but promises to be the worst show in 6 years

Gold prices traded higher in the last session of 2021, but are expected to post the worst performance in six years. MCX gold futures gained 0.11% or Rs 55 to Rs 47,940 per 10 grams. Silver futures rose 0.15% or Rs 96 to Rs 62,256 per kg. The yellow metal has regained its momentum thanks to weak data on jobless claims and mixed global indices. Yields on the US Treasury fell, increasing the attractiveness of bullion by lowering its opportunity cost.

Most active actions on NSE

Price as of December 31, 2021 09:24Click on the names of the companies for their live prices.

Nifty reaches level 17,300

Nifty reaches level 17,300

All sectors trade in the green

All sectors trade in the green

OPENING BELL: Sensex gains 230 points, Nifty50 approaches 17,300; IDFC increases by 10%, Suzlon by 5%

OPENING BELL: Sensex gains 230 points, Nifty50 approaches 17,300;  IDFC increases by 10%, Suzlon by 5%

Pre-open session: Sensex wins 10 points, Nifty50 to 17,220

Oil heading for biggest annual gains since 2009

Oil prices fell 1% on Friday, but were expected to post their biggest annual gains in 12 years, boosted by the global economic recovery from the COVID-19 crisis and the restriction of producers. Brent crude futures were close to ending the year up 53%, while US crude futures were heading for a gain of 57%, the best performance for the two benchmark contracts since 2009, when prices have climbed more than 70%.

SGX Nifty announces a flat start

Shrewd futures on the Singapore Stock Exchange traded 1.5 points, or 0.01%, up to 17,296.50, signaling that Dalal Street was heading for a flat start on Friday.

Tech View: Nifty50 gears up for decisive move

Nifty50 settled December futures and option series above the 17,200 level on Thursday. The index formed an indecisive Doji candle on the daily chart for the second session in a row as traders were out. not sure where the market is heading before the new year. Indecisive formations at the upper limit of a sloping channel are an indication that Nifty50 is preparing for decisive movement in either direction.

Hong Kong gets its supplies when it opens

Hong Kong stocks opened with gains on Friday, brushing off a weak lead from Wall Street on the last trading day of the year. The Hang Seng index jumped 405.42 points, or 1.75%, to 23,517.43. The Shanghai Composite Index rose 6.16 points, or 0.17%, to 3,625.35, while the Shenzhen Composite Index on China’s Second Stock Exchange rose 3.62 points, or 0 , 14%, at 2,520.78.

Markets in Japan and Korea closed for the holidays

Financial markets in Indonesia, Japan, South Korea, Taiwan and Thailand are closed on Fridays for public holidays.

US stocks retreat

The S&P 500 and Dow Jones Industrial Average closed slightly below their all-time highs on Thursday as stocks gave up an early gain and fell in the closing minutes of trading on Wall Street. The S&P 500 Index slipped 0.3% per day after hitting a record high. The Dow Jones, which also set a new high on Wednesday, fell 0.2%. The Nasdaq also slipped 0.2%.

The rupee goes up from 29 paise to more than a month

The rupee jumped 29 paise to close more than a month high of 74.42 against the US dollar on Thursday after banks and exporters sold the dollar late in the year amid domestic actions in mute. Falling commodity prices and gains by Asian peers also supported sentiment. In the interbank forex market, the local unit opened strongly at 74.56 against the greenback and saw an intraday high of 74.38 and a low of 74.65.

Sensex and Nifty drop amid F&O expiration

The benchmark Sensex and Nifty indexes ended slightly lower on Thursday amid losses in oil and gas, metals and autos stocks as investors remained cautious of soaring Omicron cases. The 30-stock BSE Sensex closed 12.17 points or 0.02% lower at 57,794.32 amid the monthly expiration of derivative contracts. Nifty fell slightly 9.65 points or 0.06 percent to 17,203.95 with 27 of its components closing in the red.

Hello dear reader! Here’s something to start your trading day

Hello dear reader!  Here's something to start your trading day


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TJ Watt, Pittsburgh and Six football players https://antochi.ro/tj-watt-pittsburgh-and-six-football-players/ Wed, 29 Dec 2021 14:00:00 +0000 https://antochi.ro/tj-watt-pittsburgh-and-six-football-players/ Pittsburgh, PA, December 29, 2021 (GLOBE NEWSWIRE) – What’s the secret to a more productive 2022 for some of professional football’s best athletes? This is no more time in the gym. Professional athletes already spend a lot of time staying in shape. It’s not better nutrition either, seeing as most soccer stars are finely tuned […]]]>

Pittsburgh, PA, December 29, 2021 (GLOBE NEWSWIRE) – What’s the secret to a more productive 2022 for some of professional football’s best athletes?

This is no more time in the gym. Professional athletes already spend a lot of time staying in shape. It’s not better nutrition either, seeing as most soccer stars are finely tuned machines who are already obsessed with what they put into their bodies.

The answer is less non-essential time on screens, phones, and social media platforms, and more time to focus on themselves.

The average American spends more than five hours a day on their mobile device, with teens spending more than seven hours connected to screens during the pandemic. Some studies even suggest that humans can spend decades of their lives staring at a screen, whether it’s through the television, laptop, or mobile device. These problems extend to what young people are doing on these screens. According to Instagram’s own internal data, one in five teenagers say the social media platform makes them feel worse about themselves.

In a locker room, his team managers are doing something the best they can, even as professional football moves meetings online to fight the omicron variant.

TJ Watt, currently professional soccer sack leader and contender for the league’s Defensive Player of the Year award, is leading the charge for less non-essential screen time among the players on his team. Watt has pledged to turn off his phone and other screens for a week, starting Dec. 29, as his team ends the regular season with games against Cleveland and Baltimore. That doesn’t include the essential team meetings, which have been put online as professional sports battles the pandemic like the rest of us.

Watt’s brother Derek is joining the effort, as are at least five other Pittsburgh teammates (Chukwuma Okorafor, Devin Bush, Trai Turner, Joe Haden and Diontae Johnson), all pledging to spend less time at screen, while raising awareness for screen and social attention in 2022 through the #TwentyYOU campaign. Players will post a static Instagram post informing their followers that they will be going a bit offline and why, encouraging their followers to do the same as 2022 approaches.

“We know it’s impossible for us to completely detach ourselves, especially with the team meetings that are moved online and require studying the game movie, but that’s it,” TJ said. “We have all seen the dangers of screen and social media addiction, especially during the pandemic. We would ideally like to communicate more in person, understand each other face to face, and create acceptance offline, instead of intolerance online.

The Pittsburgh campaign is championed by Watt’s supplement sponsor Six Star Pro Nutrition (www.sixstarpro.com), which maintains one of the best-fueled professional footballers with its award-winning line of protein, pre-workouts and hydration products. Over the past few months, the brand has taken a stand on areas where it would like to see improvements in the world of sports, including gender equality and name, image and likeness rights for students. athletes.

“Excessive screen time has become a major problem in our society, whether it is tempting our ever-futile attention span, showing unrealistic body images, and engaging in cyberstalking – often in contexts. racial, homophobic or anti-Semitic, ”said Jarrod Jordan, chief marketing officer. at Iovate Health Sciences International Inc., the manufacturers of the Six Star® brand products. “What TJ and the Pittsburgh football team are doing through the #TwentyYOU campaign is noble at a time when athletes are keenly aware of their self-marketing responsibilities and sacrificing that for their own sake and that of their team is not. will only benefit them in the future. “

In recent years, athletes from all sports have been the victims of cyberbullying, a trend that has only increased with the growing influence of fantasy sports and gambling, including in Pennsylvania where it is legal. .

“A lot of people can act like someone they’re not behind a screen,” said Derek Watt. “But the easiest thing you can do to protect yourself from this abuse is to ignore the noise and focus on yourself. Staying away from screens is an easy start and I hope we can stick to it. in 2022 and beyond. ”

Six Star® products are available nationwide at Walmart®, Walgreens®, Amazon® and other great retailers. For more information, visit www.sixstarpro.com.

About Iovate Health Sciences International:

Iovate Health Sciences International Inc. (“Iovate”) is a dynamic and leading nutrition company providing some of the world’s most innovative and effective active nutrition products with distribution in more than 130 countries around the world. Due to our commitment to research, development and innovation, Iovate, through its Six Star Pro Nutrition® brand, is recognized globally as one of the industry’s leading sports nutrition brands and continues to be one of the elite brands redefining performance by cutting-edge products and high quality ingredients. Based in Oakville, Ontario, Canada, Iovate is a family of over 300 employees, six leading and growing nutritional brands, with effective products that can be found around the world.

  • #TwentyVOUS

  • TJ Watt trains for Six Star Pro Nutrition

        


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Live stock market news: December 27, 2021 https://antochi.ro/live-stock-market-news-december-27-2021/ Mon, 27 Dec 2021 19:46:49 +0000 https://antochi.ro/live-stock-market-news-december-27-2021/ The S&P 500 hit an intraday high at Monday’s open, gaining 1% as US stocks rose after the holiday weekend, keeping pace on a strong start to the typically bullish end of the year known by the investors under the name Rallye du Père Noël. . All three major indexes were up ahead of a […]]]>

The S&P 500 hit an intraday high at Monday’s open, gaining 1% as US stocks rose after the holiday weekend, keeping pace on a strong start to the typically bullish end of the year known by the investors under the name Rallye du Père Noël. .

All three major indexes were up ahead of a quiet final week of 2021 amid falling trading volumes and light economic and corporate calendars. The S&P and Nasdaq each rose more than 1% at noon, while the Dow Jones jumped 230 points.

“I’m actually very bullish about the market,” Sylvia Jablonski, co-founder and CIO of Defiance Investments, told Yahoo Finance Live. “There is little liquidity in the markets this week, but we are finishing quite strong. I would expect next year to be even better. ”

The S&P surge built on recent momentum after the index announced its 68th year-end closing record on Thursday, a strong day for markets, supported by positive data suggesting the Omicron variant was less likely to lead to hospitalizations. The indices have recovered from the losses after the recent volatility as the market assessed the impact of the virus on the economy.

Investors will tune in to see if Thursday’s gains maintain momentum for the year-end Santa Claus rally, in which stocks climb higher in the last seven trading days of the year. year, as well as the first two trading days of the new year.

For unclear reasons, over the past 92 years, the S&P 500 has gained 77% of the time during the year-end rally period, according to data from Sundial Capital Research. The average gain during this nine-day trading period reached 2.66%.

The market will head into 2022 with several key considerations to weigh, but with a primary focus on how the pandemic evolves and mounting inflationary pressures as well as what actions the Federal Reserve may take in response.

“Inflation and Omicron are the two most important catalysts for the stock market right now,” APAC CEO at Qraft Technologies, Francis Oh, told Yahoo Finance. “I think these catalysts are being taken into account by the volatility of the market… I still think the market will move away cautiously.”

Merck (MRK) received clearance from the United States Food and Drug Administration for its home drug COVID-19 last week, just a day after Pfizer (PFE) was also approved for the use of its own treatment.

The pill developed by Merck in collaboration with Ridgeback Biotherapeutics, called molnupiravir, has been shown to reduce hospitalizations and deaths by about 30% in clinical trial data. The Pfizer pill has been reported to be 90% effective in preventing hospitalizations and death in high risk patients.

“One of the ways that pandemics end is a significant mutation in the virus. It seems Omicron is our friend in this regard, significant mutations different enough from parenting that they don’t make people so sick, ”True Health Initiative president Dr. David Katz told Yahoo Finance Live.

Investors processed a slew of economic publications ahead of the holiday weekend.

The Ministry of Labor reported that the first jobless claims totaled 205,000, supporting a downtrend from the peaks of their pandemic peak and reflecting labor market tension brought on by demand for workers as the new year approaches. The latest impression brings the four-week moving average of new claims to its lowest level in 52 years, rising 2,750 week-over-week to 206,250.

Meanwhile, consumer prices in the United States have accelerated at the fastest rate in nearly four decades as shoppers face rising levels of inflation ahead of the holidays.

“Workers have a lot of power, and that will likely lead to continued wage increases,” Girard chief investment officer Timothy Chubb told Yahoo Finance. “What worries us from an inflation point of view is when do we potentially see some of these inflation risks shifting to the job market? “

Meanwhile, US new home sales in November jumped 12.4% to a seven-month high of 744,000, supported by low mortgage rates and higher demand in the housing sector.

US durable goods orders rose 2.5% in November, up from the previous month, boosted by a sharp increase in aircraft orders.

“We said it was definitely a down buying market as we expect further earnings improvements,” Anik Sen, global head of equities at PineBridge Investments told Yahoo Finance Live. . “We believe the real debate should be about the length and strength of the business cycle ahead.”

2:28 p.m. ET: Fauci says US should implement vaccine mandate for domestic travel

The nation’s top infectious disease expert Dr Anthony Fauci said the United States should “seriously” consider requiring COVID-19 vaccines for domestic flights in a Monday morning appearance on “Morning Joe “from MSNBC.

“When you make vaccination a requirement, it is another incentive to get more people vaccinated,” he said. “If you want to do this with domestic flights, I think this is something that should be seriously considered.”

The statement comes as the recent surge caused by Omicron is causing flight cancellations across the country, mostly due to staff shortages caused by the virus. More than 1,000 US flights were canceled at 1 p.m. ET on Monday, according to Bloomberg.

Airlines shares remained in the red at midday, with American Airlines (AAL) down 0.58% to $ 18.16 per share, United Airlines (UAL) down 0.89% to $ 44.47 a piece and Delta Air Lines (DAL) down 0.98% to trade at $ 38.92 a share.

“If stocks are down, now is the time to buy,” Debbie Boyd, CEO of DLB ​​Financial Services, told Yahoo Finance Live as she discussed airlines. “Think of these stocks going down as on sale.”

12:17 p.m. ET: Markets are on the rise during intraday trading

Here’s how the stocks traded during the noon ET session:

  • S&P 500 (^ GSPC): +48.18 (+1.02%) to 4,773.97

  • Dow (^ DJI): +230.93 (+ 0.64%) to 36,181.49

  • Nasdaq (^ IXIC): +174.28 (+ 1.11%) to 15,827.65

  • Raw (CL = F): + $ 1.99 (+ 2.70%) to $ 75.78 per barrel

  • Gold (CG = F): – $ 1.20 (-0.07%) to $ 1,810.50 per ounce

  • 10-year cash flow (^ TNX): -1.2 bps for a yield of 1.4810%

11:41 a.m. ET: Tesla climbs to biggest four-day gain since March

Tesla shares jumped 3.52% to $ 1,104.55 apiece, leading most of its EV peers and approaching the company’s best four-day earnings streak since March.

Among the other stocks in the sector, Lucid Group (LCID) gained 1.30% in intraday trading at $ 38.13 per share, Nikola (NKLA) was flat, trading at around $ 11.09 apiece, and Canoo (GOEV) was down 2.64% to $ 8.28 per share. . Rivian (RVN) rose 5.73% to $ 102.39 per share.

9:53 a.m. ET: Airlines’ inventories drop after cancellations weekend

Travel stocks in the United States collapsed at the start of trading after major airlines reported hundreds of cancellations and delays due to staff shortages caused by a slight increase in COVID-19 cases among crews and personnel.

More than 2,800 flights were disrupted over Christmas weekend, due to the latest coronavirus wave and inclement weather caused by a winter storm in the northwest of the country.

American Airlines (AAL) fell -2.70% to $ 17.77 per share when the market opened. United Airlines (UAL) and Delta Air Lines (DAL) each fell 2% to $ 44.01 and $ 38.47 per share, respectively.

Cruise ship operators have also been hit, along with Carnival Corp. (CCL) down 3.5% to $ 20.45 per share, Royal Caribbean Cruises (RCL) down 3.1% to $ 77.07 per share and Norwegian Cruise Line Holdings (NCLH) down 4 , 14% to $ 21.78 per share.

9:30 a.m. ET: Markets open higher ahead of final trading week of 2021

Here are the main movements at the start of the ET trading session:

  • S&P 500 (^ GSPC): +11.51 (+ 0.24%) to 4,737.30

  • Dow (^ DJI): +61.77 (+ 0.17%) to 36,012.33

  • Nasdaq (^ IXIC): +131.47 (+ 0.85%) to 15,653.37

  • Raw (CL = F): – $ 0.25 (-0.34%) to $ 73.54 per barrel

  • Gold (CG = F): – $ 1.50 (-0.08%) to $ 1,810.20 per ounce

  • 10-year cash flow (^ TNX): -1.2 bps for a yield of 1.4810%

7:10 a.m. ET: Futures rise after Christmas weekend

  • S&P 500 Futures Contracts (ES = F): +8.00 (+ 0.17%), at 4,723.75

  • Dow Futures (YM = F): +13.00 points (+ 0.04%), at 35,845.00

  • Nasdaq Futures (NQ = F): +39.50 points (+ 0.24%) to 16,338.50

  • Raw (CL = F): $ -1.07 (-1.45%) to $ 72.72 per barrel

  • Gold (CG = F): – $ 4.80 (-0.26%) to $ 1,806.90 per ounce

  • 10-year cash flow (^ TNX): -0.09 bps for a yield of -0.07%

Alexandra Semenova is a reporter for Yahoo Finance. Follow her on twitter @alexandraandnyc

Read the latest financial and business news from Yahoo Finance

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First state-Abilene bank indirectly connected to a bank in the historic city https://antochi.ro/first-state-abilene-bank-indirectly-connected-to-a-bank-in-the-historic-city/ Sun, 26 Dec 2021 04:22:40 +0000 https://antochi.ro/first-state-abilene-bank-indirectly-connected-to-a-bank-in-the-historic-city/ Longtime Abilene residents might recognize First State Bank-Abilene’s flying “F” logo as reminiscent of another financial institution in Abilene with an almost identical name. First State Bank-Abilene on South Treadaway Boulevard has its roots in a bank founded 115 years ago in Menard, in the far west of the Hill Country. But within First State […]]]>

Longtime Abilene residents might recognize First State Bank-Abilene’s flying “F” logo as reminiscent of another financial institution in Abilene with an almost identical name.

First State Bank-Abilene on South Treadaway Boulevard has its roots in a bank founded 115 years ago in Menard, in the far west of the Hill Country.

But within First State Bank-Abilene’s DNA are strands – in the form of the logo and some former executives – of the once influential First State Bank, founded as Abilene’s third bank in 1948.

That first state bank is long gone, along with the 20-story Enterprise Building, the tallest structure dotting the city skyline, a remnant of its heritage.

An overview of Abilene’s banking history

Given the developments in Bryan Stephenson’s 53-year banking career, his current title as a transition agent at First State Bank-Abilene following his sale on November 16 seems appropriate for reasons other than transferring operations from one owner to another.

Following:New owners of Abilene State Bank-Texas have long-term plans for growth in the digital age

Bryan stephenson

Over the years, its offices ranged from a sweeping view of the city’s tallest structure to a tin building that once housed an oil services company.

Stephenson had been CEO of First State Bank-Abilene since June 2003, when he worked with a group of investors to buy Bevans State Bank from Menard. The group included Jim Fitzhugh, who served as chairman.


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Remarks by President Biden during the signing of Law HR 3537, “Accelerating Access to Critical Therapies for ALS Act” https://antochi.ro/remarks-by-president-biden-during-the-signing-of-law-hr-3537-accelerating-access-to-critical-therapies-for-als-act/ Thu, 23 Dec 2021 23:15:00 +0000 https://antochi.ro/remarks-by-president-biden-during-the-signing-of-law-hr-3537-accelerating-access-to-critical-therapies-for-als-act/ Auditorium of the South CourtEisenhower executive office building 3:32 p.m. EST THE PRESIDENT: Good morning. As Christmas and New Years dawn, the bill I am about to enact truly represents the spirit of the season, in my opinion – a season of hope and light, of kindness and grace. , and the power of unity […]]]>

Auditorium of the South Court
Eisenhower executive office building

3:32 p.m. EST

THE PRESIDENT: Good morning. As Christmas and New Years dawn, the bill I am about to enact truly represents the spirit of the season, in my opinion – a season of hope and light, of kindness and grace. , and the power of unity among everyday Americans. do extraordinary things.

That’s Accelerating Access to Critical Therapies for ALS Act – that’s what we’re going to talk about today. ALS, known as Lou Gehrig’s disease, attacks the nervous system and weakens muscles, making it difficult to lift a spoon to eat or take a step to walk. It leads to paralysis and ultimately leads to death within an average of two to five years after diagnosis.

Since Lou Gehrig, the New York Yankees Hall of Fame, announced his retirement from baseball in 1939 due to illness, no cure has been found. Treatments are still limited and the results are still the same. It has been 82 years with hundreds of thousands of lives lost.

But today we are finally closer than ever to new treatments and, hopefully, God willing, to a cure. And it is thanks to the movement led by patients and caregivers and members of Congress from both parties, many of whom are joining us today virtually. Patients like Brian Wallach and his wife, Sandra. They met in 2008 while working in the New Hampshire primary for Barack Obama, believing in a movement of hope and change. Then they both worked for the Obama-Biden White House, driven by public service, loved by their colleagues, anchored by the love of family.

In 2015, they became parents with their first child, Ella. In 2017, their second child, Naomi, was born. The whole world was before them – maybe a race for an elective home office in Illinois – at home in Illinois, or working for that White House; raising two beautiful girls – until everything changes: coughs, cramps, tics.

A few days after welcoming baby Naomi, Brian was diagnosed with ALS at the age of 36 and had six months to live. It was four years ago. And Brian and Sandra are joining us virtually today – I say hello to you both – because they turned their pain into a goal.

They spoke to doctors and researchers. They met more patients and families. They met with their elected leaders: Senators Durbin and Duckworth, and Representative Quigley. And they rallied their family and friends and built another campaign fueled by hope and change as well.

They were daring. They were told it would be difficult, but they were – stayed bold. And there would be too many obstacles, they were told. But because of the nature of the disease, there wouldn’t be enough time, if – they were told, I guess.

But they never gave up. They launched “I AM ALS” to give a face to the movement, powered by the people. They have partnered with patients like Dan Tate, who has long championed these issues as an ally, and then as an ALS patient himself.

They were joined by patients like Mayuri and Sandy Morris, joined by caregivers like Deb Paust, Christina Thompson – excuse me – Christa Thompson, and groups like the SLA Association and the Muscular Dystrophy Association who have helped organize the community. – a community that has written countless letters and called countless meetings with members of Congress and their staff, many of whom have their own personal connections to this terrible disease, to get this bill passed.

I want to thank House Speaker Pelosi, Minority Leader McCarthy, Senate Majority Leader Schumer, and Minority Leader McConnell.

Thanks to the members of the House, where there were 331 co-sponsors, this bill, and it was passed by 423 to 3, including the main sponsors of the bill: Mike Quigley, Democrat of Illinois ; Jeff Fortenberry, Republican of Nebraska.

And like many others: Anna Eshoo, Democrat of California; Brett Guthrie, Republican – Kentucky; Jan Sendowsky [Schakowsky] of – Democrat of Illinois; Cathy McMorris, Republican from Washington State; Frank Pallone, Democrat of New Jersey; and members of the House ALS Caucus.

If you’re wondering why I’m saying whether they’re Democrats or Republicans, to take stock: when we act together, we get things done. And it’s totally – totally, totally a bipartisan effort.

And from the United States Senate, there were 64 co-sponsors and it was passed unanimously, led by Chris Coons of Delaware; Lisa Murkowski from Alaska; Patty Murray from Washington State; Richard Burr of North Carolina; Dick Durbin and Tammy Duckworth, Democrats from Illinois.

And we are joined today by the Secretary of Health and Social Services, Xavier Becerra, whose department will play an essential role.

in law enforcement.

People is democracy in action. People have spoken. Their elected leaders voted. And their president is about to sign a bill that has consequences.

It’s about accelerating hope and giving patients a chance to fight back.

The law invests $ 100 million a year for the next five years to do three important things:

First, it orders the Department of Health and Human Services to provide grants that support research and access to promising new therapies for patients not participating in clinical trials.

It means hope for patients who would otherwise not have access to treatments that could possibly work for them.

Second, it establishes a one-of-a-kind public-private partnership led by the National Institutes of Health and the Food and Drug Administration – the FDA – to work with universities, nonprofits, and the private sector to accelerate the development and evaluation of therapies for ALS and other neurodegenerative diseases.

And third, he creates a grant program for the FDA to develop

new ways to prevent, diagnose, treat and cure ALS and other neurodegenerative diseases.

This bill really matters.

You know – you all know it – ALS steals so much from patients and families. The immense physical, emotional and financial toll. The loss of dignity and the waste of time.

For too long, there have been no survivors of ALS. But this bill could bring us closer to changing that.

To Brian and Sandra, to the patients and caregivers who built and led this movement: Thank you, thank you, thank you.

And know this: There are countless people who, even though they haven’t experienced ALS, have suffered yet another cruel stroke of fate. They see you and you also give them hope.

I see on screen a man who worked for my son, Beau, whose mother is a leader at the University of Delaware in physiotherapy, and whose father died of ALS. Alex Mackler.

You know the point is, Alex, you – for me and my family, when you worked for Beau and then for us, we saw our so- – our son battling cancer and going through the process that a lot of you have lived. And you gave us hope. Get the news, try to find hope, knowing the time would come.

But as difficult as it may be, we’ve found a way forward – finding purpose in pain and finding strength in others like you.

One of the reasons I ran for President was to end cancer as we know it, just like we can end ALS as we know it and so many other diseases.

The Department of Defense has something called the Defense Advanced Research Agency – DARPA – which advances cutting edge research to protect our national security and has led to things like GPS and the modern internet.

In my budget, as president, I call for the creation of the Agency for Advanced Research Projects in Health – ARPA-H – which would advance breakthroughs in the way we detect, treat and cure cancer. , diabetes, Alzheimer’s disease and neurological diseases. – other neurological diseases.

It’s about showing the American people that as a country we can come together – Democrats, Republicans, Independents – and do great things because we have the best researchers in the world; that our democracy can offer.

And there is nothing beyond our capabilities when we do it together as the United States of America.

I believe this bill is an exa … an example of this truth. And I’m honored to sign the Accelerating Access to Critical Therapies for ALS Act – act – excuse me – into law right now.

May God bless the patients, their families and caregivers and all of you onscreen who have faced this disease in so many ways. You’re amazing. You are truly amazing. God bless you all.

And I will go and sign this law. Thank you.

HR 3537: Accelerating Access to Essential Therapies for ALS. God willing, we’re going to make real progress.

Once again, thank you all.

(The invoice is signed.)

And, God willing, have a good vacation. I wish I could see you all in person and thank you.

PARTICIPANT: Thank you, Mr. President.

THE PRESIDENT: Thank you, thank you, thank you.

3:42 PM EST


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Eagles firmly in playoff hunt after critical win https://antochi.ro/eagles-firmly-in-playoff-hunt-after-critical-win/ Wed, 22 Dec 2021 05:14:19 +0000 https://antochi.ro/eagles-firmly-in-playoff-hunt-after-critical-win/ 3. Goedert had the bizarre fall that became a touchdown and he wasn’t able to handle another Hurts pass, but Goedert caught the other seven balls that went his way and just tormented the Washington high school. by executing terrific routes, breaking tackles and making big plays. The Eagles saw early on what we all […]]]>

3. Goedert had the bizarre fall that became a touchdown and he wasn’t able to handle another Hurts pass, but Goedert caught the other seven balls that went his way and just tormented the Washington high school. by executing terrific routes, breaking tackles and making big plays. The Eagles saw early on what we all see with Goedert – it’s a nightmarish clash and his skills are on par with the NFL in his position.

4. The defense stabilized after the initial 10-point deficit as Washington’s offense played short and at one point limited the WFT to 36 offensive yards on five possessions. Washington has managed only one real scoring campaign, going 69 yards in seven games in the fourth quarter. Fletcher Cox had 1.5 sacks from the quarterback, seeing some time on the edge and dominating there with four hits from the quarterback.

“It was important to get a win in the division. We knew that before this game we were 0-2 in the division, so we felt we deserved a little respect,” he said. “We put all the distractions aside and after a slow start we got the win. It’s not the way you start sometimes, it’s the way you end and we finish. We responded afterwards. what I would say is a slow start. “

As for moving around the defensive line, Cox was satisfied.

“I wouldn’t say it was new. We’ve done it before,” Cox said. “Obviously it’s different for me. I take every opportunity that arises and we saw one. I had a little more room and took advantage of it. It was good for us.”

5. The defense faced a newly signed quarterback at Gilbert, with Taylor Heinicke and Kyle Allen sidelined on the Reserve / COVID-19 list. It was a unique situation for both teams, as they had spent the whole week preparing for Heinicke’s departure, only to learn that the game was postponed and that Heinicke’s status was on hold on Tuesday afternoon.

The Eagles knew they had to limit Gibson, who had just 26 rushing yards and 39 receiving yards, and they did. They knew they had to contain wide receiver Terry McLaurin and they did – McLaurin had a 46-yard reception but only one catch for 5 yards after that. Philadelphia attacked the line of scrimmage and picked up the momentum of the game after the first 10 runs allowed.

Overall, it was the kind of victory the Eagles wanted to have. They came out of their week off. They were delayed by the NFL’s decision to postpone the game until Tuesday night in prime time. They just went out and played football as a team and won a game they needed.

Next stop: New York. Sunday against the Giants is another playoff game for an Eagles team who are into the thick of it and love every minute of playoff pressure.

“Get out there and win,” Cox said. “It’s our state of mind.”


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Cars24 raises $ 400 million in latest round of funding from financial institutions https://antochi.ro/cars24-raises-400-million-in-latest-round-of-funding-from-financial-institutions/ Mon, 20 Dec 2021 09:50:09 +0000 https://antochi.ro/cars24-raises-400-million-in-latest-round-of-funding-from-financial-institutions/ The leading e-commerce platform for used vehicles, Cars24, said on Monday it had raised $ 400 million (around Rs 3,040 crore) from various financial institutions. The company said it has closed a $ 400 million (roughly Rs 3,040 crore) round of funding that includes a $ 300 million (roughly Rs 2,280 crore) round of funding […]]]>

The leading e-commerce platform for used vehicles, Cars24, said on Monday it had raised $ 400 million (around Rs 3,040 crore) from various financial institutions.

The company said it has closed a $ 400 million (roughly Rs 3,040 crore) round of funding that includes a $ 300 million (roughly Rs 2,280 crore) round of funding from Series G as well as $ 100 million. (about Rs 760 crore) of debt with diversified financial institutions.

This round is Cars24’s third in just over a year and values ​​the used car e-commerce player at $ 3.3 billion (around Rs. 25,060 crore) or roughly double the valuation of its previous cycle in September 2021, he noted.

The Series G funding round was led by yield investor Alpha Wave Global (formerly known as Falcon Edge Capital) with input from other existing investors, Cars24 said.

Cars24 has raised cumulative funding of $ 100 million (approx Rs. 760 crore) in India, Australia and the United Arab Emirates. “Today’s news is just another step in Cars24’s journey; we are for the long haul, and we look forward to continuing our work to create a frictionless consumption experience for used car customers, ”said Vikram Chopra, Co-Founder and CEO of Cars24. .

Cars24 has ambitious plans for 2022 and beyond, and the company looks forward to building on this investment, he added.

“Today we are seeing greater acceptance among customers around the world for our platform when purchasing their next car. As we continue to build the best infrastructure for the future with a customer experience digital end-to-end, we are confident that this will delight our customers with our highly tactile industry experience, ”said Chopra.

The investment will be used to fuel the brand’s global expansion in the Middle East, Australia and Southeast Asia, and to further strengthen its presence in the Indian market.

In addition, Cars24 will continue to improve its superior technology and set a gold standard for quality used cars globally, he noted.

The company recently announced the launch of seven Mega Refurbishment Labs (MRLs) in India – an industry first, and one MRL in the United Arab Emirates, which is among the largest commercial rental transactions ever completed by Dubai. “We are delighted to support Cars24 once again as they continue to consolidate their leadership position in India, United Arab Emirates, Australia and other international markets. years “, Navroz D Udwadia, co-founder and partner of Alpha Wave | said Falcon Edge Capital.

Founded in 2015, Cars24 is present in India, the Middle East, Australia and South East Asia.



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