Market Watch

Understanding the possibilities of the year ahead can be difficult and organisations scramble to decipher the trends that will catapult their Digital Transformation in the next 12 months. In this article, Mark Ackerman, Area VP for Middle East and Africa at ServiceNow, offers four major macro trends that organisations should consider for their digital investments. Mark Ackerman, Area VP for Middle East and Africa at ServiceNow Another year of Digital Transformation in the region and where do we find ourselves? Much as we do at the end of any year – lessons learned and challenges ahead. For the past 30 months or so we have been grappling with change so deep and broad that it is bringing about dramatic cultural shifts from boardrooms to the enterprise front line. Faced with the very real possibility of market irrelevance, organisations across all industries are adjusting relationships with their workforces, looking into new business models and experimenting with new technologies to compete and thrive. In 2023, we should expect regional business leaders to demand more ROI on technology investments. Inflation rates may be lower in the GCC than they are in the Americas or Europe, but they are still of concern. The […]

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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. Alkami Logo (PRNewsfoto/Alkami Technology, Inc.) 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 […]

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When it comes to boosting the nation’s focus on health equity in policymaking, leaders in the fields of health impact assessment (HIA) and the Health in All Policies (HiAP) are making advancements to ensure that all people have the opportunity to be as healthy as possible. The term health equity represents the guiding policy principle that disparities in health outcomes caused by factors such as race, income, or geography should be addressed and prevented. HIA and HiAP, meanwhile, represent two of the key strategies for making that happen. HIA is a process that engages stakeholders to help communities and decision-makers identify the potential health effects of the decisions they make, and HiAP is a collaborative approach that seeks to integrate health considerations into policymaking across sectors to improve public health and health outcomes. At a December meeting convened by the Health Impact Project, a collaboration of The Pew Charitable Trusts and the Robert Wood Johnson Foundation, 25 leaders and practitioners shared knowledge, identified goals and next steps, and acknowledged successes and challenges in the field. Five key takeaways offer a roadmap for where practitioners should focus their efforts: 1. Practitioners should support broader efforts to address systemic racism as […]

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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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Shapiro said the office is designed to shepherd businesses, both big and small, through the development process and speed it up responsibly Pennsylvania Gov. Josh Shapiro signs an executive order creating the Office of Transformation and Opportunity on Tuesday, Jan. 24, 2023. (Commonwealth Media Services) Hoping to foster economic growth in Pennsylvania, Gov. Josh Shapiro established a new office to serve as a one-stop shop to help businesses cut through red tape and streamline operations. Shapiro on Tuesday signed an executive order creating the Office of Transformation and Opportunity to operate within the governor’s office and the Economic Development Strategy Group, which has been charged with developing and leading growth strategies and implementing economic development projects. The strategy group — composed of cabinet members and state agency heads and chaired by Shapiro — will advise the governor on economic development projects and ways to attract and retain employers. The recently sworn-in governor named Ben Kirshner as chief transformation and opportunity officer to oversee the office and strategy group. “If you want to grow your business or invest in Pennsylvania, you’re not going to need to go to five different agencies anymore,” Shapiro said during a signing ceremony. “To get […]

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TORONTO, Jan. 25, 2023 /PRNewswire/ — Today McCain Foods Limited (McCain) released its Sustainability Report, underpinning its commitment to producing delicious, planet-friendly food. Continue Reading McCain Foods Farm. The report includes the organizations sustainability results from the past Fiscal Year, demonstrating how McCain is responding to the challenges faced by climate change, its priority on enhancing soil health and farming partners’ transition to more regenerative practices. Key strategic investments have also enabled the growth of plant-forward product innovations. This year, the report is reinforced by a strengthened approach aligning to the Global Reporting Initiative (GRI) standard. McCain’s continued focus on innovation in agriculture reinforces the company’s role as a global leader in food production. Working with its farmer partners, McCain has accelerated its regenerative agriculture ambition by providing technical assistance and financing opportunities that can help tackle the escalating impacts of climate change on yields and crop quality and notably, launched its second Farm of the Future in South Africa. McCain has also achieved its water-efficiency target, three years ahead of schedule, made marked improvements in CO₂ emissions reductions and enhanced its usage of renewable electricity. The business has also made significant contributions to support the communities where it […]

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Truist Financial Corp purchased a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund Inc. ( – ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 49,766 shares of the company’s stock, valued at approximately $426,000. Truist Financial Corp owned 0.38% of Flaherty & Crumrine Preferred Income Opportunity Fund as of its most recent SEC filing.

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The Florida Department of Economic Opportunity announced $142 million in new capital is available for small businesses and startups through the State Small Business Credit Initiative. The multiyear initiative, administered in partnership with Enterprise Florida Inc., has five programs to serve small businesses that may not otherwise have access to the capital needed to grow their businesses, including very small businesses and sole proprietors. To be eligible, businesses must be Florida-based and have 750 employees or less. Funding through the programs may be used to fund startup costs, business procurement, franchise fees, equipment, inventory and the purchase, construction, renovation or tenant improvements of an eligible place of business. Programs include Collateral Support, Venture Capital, Loan Participation, Loan Guarantee and Capital Access. Copyright 2023 Gulfshore Life Media, LLC All rights reserved. This material may not be published, broadcast, rewritten or redistributed without prior written consent.

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Layoff announcements from Microsoft ( MSFT ) and Alphabet ( GOOGL ), along with their tumbling stock prices, make it seem like giant tech S&P 500 companies are in dire straits. But they’re on the verge of making billions — in just one quarter. Microsoft Tuesday kicks off fourth-quarter earnings reports for the big-cap techs. The announcement comes just days after Microsoft announced plans to cut 10,000 jobs and news that Alphabet (technically in the S&P 500 communication services sector) is taking out 12,000 positions . "We’re … seeing organizations in every industry and geography exercise caution as some parts of the world are in a recession and other parts are anticipating one," Microsoft CEO Satya Nadella wrote in a letter to employees announcing the layoff. Amazingly, though, the job cutting is happening just as Microsoft and Alphabet get set to report making a combined $32.8 billion in the fourth quarter of 2022, according to analyst expectations. Microsoft and Alphabet will likely be two of the three most profitable companies in the S&P 500 during the quarter. Business is still strong, but just stretched out a bit. "Software companies are calling out the more difficult macro environment. What is […]

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Wall Street in early stages of a ‘secular bull market’: Brian Belski 00:00 00:0002:44GO LIVE Facebook Twitter Email Embed SpeedNormal Autoplay Multiple stocks experienced trading halts on the New York Stock Exchange on Tuesday morning due to a technical glitch. Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 33512.84 -221.12 -0.66% SP500 S&P 500 3971.69 -45.26 -1.13% I:COMP NASDAQ COMPOSITE INDEX 11141.045187 -193.23 -1.70% Powered By The issue, which appeared to be brief, involved several stocks including 3M , Verizon and Wells Fargo, according to the NYSE’s regulatory updates. Ticker Security Last Change Change % MMM 3M CO. 115.68 +0.61 +0.53% VZ VERIZON COMMUNICATIONS INC. 40.78 +0.38 +0.93% WFC WELLS FARGO & CO. 44.47 +0.01 +0.03% Powered By At the open, Nike shares were down over 8%, but have since recovered. As of 9:50 a.m. ET the exchange reported on its market status page that "All systems are currently operational." Late afternoon, the NYSE, which is owned by Intercontinental Exchange, provided FOX Business with an update on the investigation of the situation. Ticker Security Last Change Change % ICE INTERCONTINENTAL EXCHANGE INC. 105.11 -1.11 -1.05% Powered By "On January 24, 2023, due to a system issue, the […]

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