Market Watch

BENSALEM, Pa., Jan. 26, 2023 /PRNewswire/ — Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Silvergate Capital Corporation ("Silvergate" or the "Company") SI. Class Period: November 9, 2021 – November 17, 2022 Lead Plaintiff Deadline: February 6, 2023 Investors suffering losses on their Silvergate investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com . The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) that the Company’s platform lacked sufficient controls and procedures to detect instances of money laundering; (2) that Silvergate’s customers had engaged in money laundering in amounts exceeding $425 million; (3) that, as a result of the foregoing, the Company was reasonably likely to receive regulatory scrutiny and face damages, including penalties and reputational harm; and (4) that, as a result of the foregoing, Defendant’s positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. To be a member of the class action you need not take any action […]

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Peruse the list for unusual activity in the derivatives market for the midweek session and you might see an intriguing name pop up: Silvercrest Metals ( SILV ). Based in Vancouver, British Columbia, Silvercrest specializes in precious metal exploration and production. Primarily, it focuses operations on its Las Chispas Mine, in Sonora, Mexico, where studies indicate that it ranks among the highest-grade primary silver projects globally . Fundamentally, this status should unequivocally represent good news. Back when the COVID-19 crisis first capsized the U.S. economy, the Federal Reserve responded with an unprecedented injection of liquidity into the monetary system. And following the recovery from the spring doldrums of 2020, both SILV stock and the underlying silver market rebounded strongly. Unfortunately, since late 2020 through the middle of 2021, silver prices largely went rangebound. From there, silver incurred a decidedly bearish downtrend. Still, it appears that the white metal bottomed late last year. And across the last several weeks, SILV stock and the underlying asset took a bullish turn. Indeed, commodities expert Thomas Bills points out that silver actually bottomed in August 2022. Further, the analyst doesn’t see any signs of the metal slowing down . In fact, Bills wrote, […]

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ERIE, Pa. (Erie News Now) — The Erie Zoo has a unique opportunity for people to show their love this Valentine’s Day. The Zoo is giving people the opportunity to name a Madagascar Hissing Cockroach after your Valentine or your Un-Valentine. The Zoo said this is a great way to show your affection or lack thereof to someone in your life while helping the Erie Zoo’s Conservation programs. It’s $10 for a digital package and $20 for a mailed package with a rubber roach. 10% of every purchase will go to support wildlife conservation. More information on naming a Madagascar Hissing Cockroach for Valentine’s Day can be found on the Erie Zoo’s website .

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OGDEN, Utah, Dec. 28, 2022 (GLOBE NEWSWIRE) — Catalyst Accelerator Ogden (Accelerator), powered by the U.S. Air Force’s (USAF) Digital Transformation Office (DTO), seeks technologies for its three-month Accelerator that will streamline the USAF’s processing of digital models, such as model-based systems engineering (MBSE) SysML, Computer Aided Design (CAD), and Finite Element Analysis (FEA) models. Applications are currently being accepted for small businesses possessing technology that can be used by the USAF. The challenge statement for this Accelerator is: How might modern technology streamline the ingestion, digestion, and analysis of digital models to enable an efficient USAF certification process? These innovative technology solutions will streamline the certification of a system and support the USAF’s Unified Certification Strategy (UCS). UCS is an emerging approach within the USAF and broader Department of Defense (DoD) to streamline the three primary certification types: Airworthiness, Cyber Security, and Nuclear Surety. One line of effort within UCS is enabling certification efficiency through digital models. As more programs within the DoD embrace digital models, the complexity and quantity of data needing to be processed through the certification pipeline will increase. The certification process requires timely input and assessment of underlying engineering to assist the certification teams, […]

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DXC joins Ambition Italy Cloud Region Partner Alliance Leveraging its skills in IT infrastructure, DXC to further its support of Italian companies and Public Sector organizations in their migration to Microsoft Cloud DXC and Microsoft will launch a joint strategy and business plan to support Italian businesses and public sector organizations using cloud-based services to support growth. With its expertise in IT infrastructure design and strong knowledge of local markets, DXC Italy will help more customers with cost optimization and efficiency as part of their digital transformation journeys. "Today, the ability to create an ecosystem of valuable players, combining know-how and skills, is essential to business growth. Having key partners such as Microsoft by our side allows us to offer solutions that meet the needs of a highly dynamic and challenging market”, said Eugenio Maria Bonomi, Managing Director, DXC Technology Italy. “We are pleased to extend our 30-year relationship with Microsoft, working together to make an important contribution to the National Recovery and Resilience plan (PNRR)". With greater synergy between DXC data centers and Microsoft Azure public cloud, the two companies can begin to implement hybrid cloud solutions. Artificial intelligence and machine learning will also help underpin the collaboration, […]

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New York, Jan. 23, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Digital Transformation in the Global Chemicals Industry" – https://www.reportlinker.com/p06383517/?utm_source=GNW While the chemicals industry was relatively slow to adopt these technologies, the transformation rate in the industry has increased considerably in the past 5 years. The global spread of the COVID-19 pandemic has accelerated the digital transformation in the industry to enable companies to rapidly address remote and hybrid working practices, prolonged and sometimes broken supply chains, and changing end-user demands. Frost & Sullivan, in its March 2018 study, Impact of Digitization on the Chemical Industry, identified 7 domains of digital transformation and provided an overview of enabling digital technologies. This new study analyzes the market using 6 emerging themes: Digitalization for Sustainability, Empowered Workforce, Digitalization for Innovation, Enhanced Customer Experience, Digital Transformation of Supply Chain, and Transformation because of Emerging Technologies. Each theme will cover 1 or more of the 7 domains. While attaining operational excellence is at the core of digitalization strategies of larger petrochemicals, chemicals, and formulation companies in this industry, there is a general rise in awareness among organizations about the importance of adopting a holistic approach by placing their internal […]

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Many organizations look for the resilience of custom-coded solutions and open-source technologies or a combination of both. (Representational/File) Written by Virendra Sharma, Practice Director – Business Applications, Advaiya Solutions Are Cloud-Agnostic or Multi-Cloud solutions a superior choice? Modern cloud service providers are engaged in a competition to drive digital adoption and increase their volume of consumption. However, if your organization is investing in only specific single cloud solutions then there are chances that you are missing out on some benefits. Here are some points to sway your platform bias to go for a multi-cloud or cloud-agnostic solution. Benefit of being independent from any particular Cloud service provider Subscriber Only Stories View All Let’s start with a problem statement, suppose your company invested thousands of dollars into a cloud-based app or an ERP solution, and it took significant efforts frdigital transformation of businessesom your IT team and a considerable duration for adoption. The choice of platform was based on a specific Cloud which was believed to be offering the best features at an optimized price at the time of beginning. After all, your business’s USP or its profitability depends on the cloud solutions your company has invested in. Now, a […]

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As CIO of United Airlines, Jason Birnbaum is laser focused on using technology and data to enable the company’s 86,000 employees to create as seamless a customer travel experience as possible . “Our goal is to improve the entire travel process from when you plan a trip to when you plan the next trip,” says Birnbaum, who joined the airline in 2015 and became CIO last July. One opportunity for improvement was with customers who are frustrated about arriving at the gate after boarding time and unable to board because the doors are shut, while the plane is sitting on the ground. “The situation is not only frustrating to our customers, but also to our employees,” Birnbaum says. “We are in the business of getting people to where they want to go. If we can’t help them do that, it drives us crazy.” [ Learn from your peers: Check out our State of the CIO report on the challenges and concerns of CIOs today. | Find out the 7 skills of successful digital leaders and the secrets of highly innovative CIOs . ] So, Birnbaum and his team built ConnectionSaver, an analytics-driven engine that assesses arriving connections, calculates a […]

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Outlines what true digital transformation means and what it looks like for financial institutions PLANO, Texas, Jan. 25, 2023 /PRNewswire/ — Alkami Technology, Inc. (Nasdaq: ALKT ) ("Alkami"), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., announced the release of a new eBook, " Turn Digital Banking into a Profit Center ." The eBook explores what true digital transformation looks like for financial institutions (FIs) and how they can activate data to meet account holder expectations and drive revenue. The global digital banking market size is estimated to surpass $10.3 trillion by 2028. According to Cornerstone Advisors, 75% of banks and credit unions have launched digital transformation initiatives, and another 15% plan to do so this year. Alkami’s eBook outlines key strategies for these FIs to ensure their digital transformation efforts are structured for success. "Successful digital transformation requires FIs moving away from thinking of digital banking as a cost of doing business to adopting a mindset of digital banking as a profit center," said Nate Shahan, vice president of product management for Alkami. "That means looking at replacing legacy technologies, embracing artificial intelligence tools and taking advantage of transaction data flowing […]

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At NRF 2023: Retail’s Big Show , attendees gathered in person to hear from the most influential IT leaders in the industry. The conference was packed with educational programming, keynote sessions and live demos. As IT leaders look ahead, retailers are making an extra push toward digital transformation . Loss prevention strategies and in-store security measures are also priorities. Brands including Intel , Microsoft , Cisco , Google illustrated the ways they’re leveraging analytics to improve modern inventory management and respond to supply chain delays. Lowe’s, Toshiba and Walgreens noted that they are using artificial intelligence (AI) and radio-frequency identification (RFID) technology to reduce theft and improve frictionless checkout . Retailers including Macy’s, Neiman Marcus and Louis Vuitton Moët Hennessy revealed the ways they’re creating lasting relationships with customers through in-store experiences . According to Andy Szanger , director of strategic industries at CDW, “the retailers that are going to be the most successful this year are those that can provide digital innovation combined with a truly exceptional in-store experience to meet and exceed their customers’ needs and demands.” Here are some core takeaways IT leaders should know. Retailers Push Toward Digital Transformation Retailers are primarily focused on digital […]

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