Market Watch

Each year the Philadelphia Business Journal recognizes the best in class for our suite of special publications, including Best Real Estate Deals, 40 Under Forty and Women of Influence. Nominations for all of our 2023 awards programs are now open. We’ve made some changes in 2023, including updating the parameters for Soaring 76 and adding a new program specifically celebrating the LGBTQ+ business community. Honorees in each awards program are selected by the Business Journal’s editorial board, and in select cases, by outside judges with expertise in the field. Awards like Best Places to Work use data supplied by the company and/or a third party. Here’s a look at this year’s awards programs and deadlines: Best Real Estate Deals and Dealmakers of the Year Best Real Estate Deals recognizes the top real estate deals of the past year and the companies and people behind those projects. Any one element of a transaction must have taken place between Jan. 1, 2022 and Dec. 31, 2022 to be eligible. Categories include Affordable Housing; Environmental, Social, and Governance; Higher Education/Health Care; Industrial; Apartments; Condos/Single-Family; Office; and Retail/Hospitality. Dealmakers and Rising Stars will also be recognized. Extended nomination deadline: Jan. 30, 12 p.m. […]

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LEXINGTON, Ky., Jan. 27, 2023 /PRNewswire/ — Valvoline’s global products business today launched a fixed-operations software service at the 2023 National Automobile Dealers Association (NADA) Show. The software, branded as Vision Service Lane Technology ™ , is available to Valvoline automotive dealership partners exclusively. Continue Reading Vision Service Lane Technology powered by Valvoline Vision is one of the industry’s most comprehensive fixed-ops software tools, leveraging relationships with partners to understand their pain points and missing opportunities in their current software. Utilized in the service drive or at the service desk, Vision helps advisors develop rapport, trust, and accountability with consumers. Vision’s ability to provide a tailored, VIN-specific menu of services provides a platform to increase revenue in the service department. In addition to service lane capabilities, Vision can be utilized to run day-to-day operations within the service department while keeping consumers informed every step of the way. Vision includes newly developed remarketing capabilities that serve up ads, messages, and reminders to keep consumers returning to dealerships for future services. In addition, Vision offers tools that can help speed up and streamline the reconditioning process for pre-owned vehicles. "We’re always looking for new ways to bring value and strengthen our […]

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MIAMI– ChatGPT is smart enough to pass prestigious graduate-level exams — though not with particularly high marks. The powerful new AI chatbot tool recently passed law exams in four courses at the University of Minnesota and another exam at University of Pennsylvania’s Wharton School of Business, according to professors at the schools. To test how well ChatGPT could generate answers on exams for the four courses, professors at the University of Minnesota Law School recently graded the tests blindly . After completing 95 multiple choice questions and 12 essay questions, the bot performed on average at the level of a C+ student, achieving a low but passing grade in all four courses. ChatGPT fared better during a business management course exam at Wharton, where it earned a B to B- grade. In a paper detailing the performance , Christian Terwiesch, a Wharton business professor, said ChatGPT did "an amazing job" at answering basic operations management and process-analysis questions but struggled with more advanced prompts and made "surprising mistakes" with basic math. "These mistakes can be massive in magnitude," he wrote. The test results come as a growing number of schools and teachers express concerns about the immediate impact of […]

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A quartet of new laureates in the Junior Achievement Evansville Regional Business Hall of Fame left their mark in local banking, economic development, production and steel circles. Active honorees for 2022 are Mark Schroeder, who is the retired chairman and CEO of German American Bancorp, and Greg Wathen, who retired as co-CEO and president of the Evansville Regional Economic Partnership. This year’s historical honroees are the late William McCurdy, owner and founder of the Hercules Buggy Company, and James Bridwell Igleheart, president and chairman of International Steel Co. “We had an incredible list of nominees, which made the selection process very challenging," said Ronald Rochon, president of the University of Southern Indiana and co-chair of this year’s Laureate Selection Committee. "The 2023 inductees are well deserving and showcase the caliber of talent and leadership we have in this community.” The laureates will be inducted at 8 a.m. on May 9 at Old National Events Plaza. The event is a fundraiser for Junior Achievement of Southwestern Indiana. Individuals are nominated for their outstanding civic and business contributions to the Southwestern Indiana region and recognized for their business excellence, courageous thinking and action, inspired leadership and community mindedness. “During the selection […]

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Local governments in Bay, Escambia, Okaloosa, Santa Rosa, and Walton Counties can now apply for funding Tallahassee, FL – Today, the Florida Department of Economic Opportunity (DEO) announced that $22 million is now available to communities impacted by Hurricane Sally through the Rebuild Florida Hurricane Sally Voluntary Home Buyout Program (VHB). The program reduces the risk of future property loss and recurrent flooding by funding the purchase and re-purposing of residential properties in high flood-risk areas. Applications will be accepted through Friday, April 14, 2023, and additional information is available on the Rebuild Florida Hurricane Sally VHB webpage . State agencies and local governments within the federal and state Most Impacted and Distressed (MID) areas are eligible for funding to acquire secured contiguous lots or single properties. Funding can also be used as leverage to match funding for projects that are also eligible for the Federal Emergency Management Agency the Hazard Mitigation Grant Match Program. Eligible counties include: • Bay County • Escambia County • Okaloosa County • Santa Rosa County • Walton County To provide potential applicants with more information about Rebuild Florida programs for Hurricane Sally, the Department is hosting a webinar on Thursday, February 2, 2023, […]

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CAPRICORN (Dec 22-Jan 21) Daily Astrological Prediction says, today is a good day for native Capricorns to achieve whatever goals they set for themselves. You plan to work harder to see improved outcomes. Successfully navigating the business world is in your future. As a result, you could get a nod of approval from your superiors and find yourself in a better position professionally. There will be a rise in costs, and that can make you nervous. In all that you do, you should exercise extreme caution. There will probably be a lot of cheer at home. In addition, you’ll develop a close relationship with an old friend or relative. Time management is an area in which some students may find success. Use this time to make effective plans for the future. There will be a positive effect on your overall efficiency as a result of this. A short trip with your significant other would be fun. This is a great time to remodel or make other adjustments to the house. Other people will be happy to pitch in and support your ideas. Capricorn Finance Today It’s likely that you’ll be spending money on extras like restaurants and entertainment today, […]

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Copy This Embed Code: Ad LAS VEGAS (KTNV) — School choice has been a debate in Nevada for many years. Now it’s at the forefront once again. On Monday, Governor Joe Lombardo expressed support for the issue in his State of the State address. "I’m proposing the single largest investment in K-12 education and raising the bar on expectations and accountability to a level not yet seen in Nevada," said Gov. Joe Lombardo. MORE: Governor Lombardo announces plans to expand school choice during State of the State address During his State of the State speech, Governor Joe Lombardo made good on his promise to move education to the top of his agenda. "My budget contains $2 billion for our students." But while the governor has long said public schools shouldn’t be a student’s only option. Some feel he’s softened his view on the controversial issue of school choice, opting instead for ‘opportunity scholarships.’ A $50 million dollar tax credit program he says will help many low-income K-12 students. UNLV History Professor Michael Green explains. "I don’t think the governor backed away completely from school choice," said Green. "I do think he understands the problem. This is not something democrats […]

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Refreshed technologies hold promise in addressing shipping’s clean energy needs, but solutions won’t emerge in the short term, writes Patrick Ryan, a vice president at ABS. Using nuclear power to propel ships is not a new concept, but the intense interest in commercial maritime decarbonisation is pushing curiosity around the topic to new heights. This is unlikely to be your father’s nuclear power, as it is based on new technologies that differ from legacy power plants. What is clear is that – in common with other alternative fuels – the importance of doing nuclear power right outplays any consideration of timescale or technology. However, that creates a tension for the maritime industry, where near term solutions are sought for problems that enable a ‘business as usual’ scenario. Nuclear has the potential to play a role in the future of maritime energy, but when it will become available is the critical question. There is too much technological development, too much risk to manage and too many stakeholders to put arbitrary timescales in place on its viability as an option for shipping. To judge by the degree of debate, nuclear might be seen as a solution in waiting. On a simple […]

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The decade-old venture based out of Noida has 1500+ employees pan India. It has raised investments from the Burman Family (promoters of Dabur), founders of Healthcare at Home UK, Quadria Capital, Singapore-based healthcare fund and ABC Impact. Out of hospital care provider HCAH which specialises in providing therapy, recovery and rehabilitation services at home is present in 70 cities in India. In November 2022 HCAH acquired online store Seniority from the RPG Group. Seniority caters to the needs of the elderly people. The decade-old venture based out of Noida has 1500+ employees pan India. It has raised investments from the Burman Family (promoters of Dabur ), founders of Healthcare at Home UK, Quadria Capital , Singapore-based healthcare fund and ABC Impact. Through the Seniority acquisition , HCAH now offers a curated portfolio of over 20,000 products ranging from medical to lifestyle for senior citizens and has two offline stores in Pune and Chennai & have also launched assisted living which is in a pilot phase. It also plans to launch elderly day care and elderly concierge services in the future. In an email interview Vivek Srivastava, co-founder and CEO of HCAH discusses the rehab market, assisted living opportunity, acquisitions […]

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Source: Shutterstock Intuitive Surgical, Inc. ( NASDAQ:ISRG ) led the NASDAQGS gainers with a relatively large price hike in the past couple of weeks. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, could the stock still be trading at a relatively cheap price? Today I will analyse the most recent data on Intuitive Surgical’s outlook and valuation to see if the opportunity still exists. Is Intuitive Surgical Still Cheap? The stock is currently trading at US$244 on the share market, which means it is overvalued by 33% compared to my intrinsic value of $183.47. Not the best news for investors looking to buy! If you like the stock, you may want to keep an eye out for a potential price decline in the future. Since Intuitive Surgical’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market. What kind of growth will Intuitive Surgical […]

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