Digital Asset DirectNews Direct
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August 09, 2024 09:00 AM Eastern Daylight Time
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News ReleaseBenzinga
By Anthony Termini, Benzinga Travelers who get to the airport early often show up before the cafes and retailers inside are open for business. As these same wayfarers stroll the quiet terminals, they often see standalone kiosks making available everything from headphones to wireless charging pads. Vending machines have, without doubt, revolutionized retail, and one California company has a plan to take the unattended retail venue to an entirely new level by leveraging AI. “Imagine If A Grocery Store And A Vending Machine Had A Genius Baby” VenHub, based in Pasadena, is taking pre-orders on its fully autonomous and robotic-operated Smart Stores that rely on advanced technologies to offer a seamless shopping experience for customers. The stores use an app-based ordering system that makes items available to consumers 24/7. Using artificial intelligence and smart inventory management systems, the stores generate revenue around the clock. They can be customized to sell everyday essentials, consumer technology or specialty items merchandised to suit the location or season. The prefab VenHub Smart Store is an expandable 800-square-foot plug-and-play storefront technology that can be delivered, unpacked and installed in just a few days. Once operational, the company says the stores are fully autonomous and fully monitored, requiring no employees to operate and costing a fraction of maintaining a traditional brick-and-mortar store. VenHub’s Value Proposition Addresses A Huge Potential Market Opportunity Data from the National Association of Convenience Stores (NACS) shows that retailers carrying only a limited range of household goods and groceries collectively generated more than $327 billion of in-store sales in 2023. The average purchase per customer visit was less than $8.00, according to NACS. As such, the opportunity to make shopping more convenient by placing a fully autonomous store in high-traffic locations potentially creates an enormous opportunity. VenHub estimates that it is addressing a $650 Billion market. To put VenHub’s market opportunity into perspective, consider Grainger Industrial Supply (NYSE: GWW). Grainger’s “KeepStock Vending Program” puts fully stocked vending machines in customers’ actual locations. Those small vending machines account for approximately $1 billion of Grainger’s annual sales. In a similar fashion, VenHub’s standalone Smart Stores could be a complement inside or outside of a convenience, cosmetics, electronics or grocery store, or even a pharmacy. They can be set up in airports, at colleges or in and around sports venues. In addition to selling the physical structures, VenHub projects that both software and maintenance fees will help the company achieve gross margins in excess of 50% and EBITDA margins near 37%. Shahan Ohanessian, VenHub’s CEO, says that the company “is at the forefront, spearheading initiatives that ensure safer, smarter, and smoother shopping experiences.” VenHub Is Getting Pre-Orders From Around The World The company, which in July announced a strategic non-binding Letter of Intent with a renowned NASDAQ-listed Special Purpose Acquisition Company to make VenHub public, has already secured pre-orders from more than 800 retailers around the world. According to company sources, that represents more than $240 million in potential sales. VenHub believes the pending alignment with a NASDAQ-listed entity will heighten its visibility and increase investor confidence by broadening its access to global capital markets. Public companies with broad access to capital are better able to fast-track growth, innovate their product offering and expand into new markets and regions. Ohanessian says the deal "signals the start of a profound transformation in the retail world." The company believes its Smart Store concept is the future of retailing, and it intends to be the leader in the autonomous robotic retail sector. VenHub is on the path to issuing shares to the public in a Regulation CF offering. Issuance Express is facilitating the distribution. Investors interested in this company’s shares may still have an opportunity to invest, but only until August 21st. The offering is highlighted on the Issuance Express portal. Featured photo courtesy of VenHub. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
August 09, 2024 08:45 AM Eastern Daylight Time
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News ReleaseBenzinga
By Cboe In the most recent Federal Reserve Open Market Committee (FOMC) meeting at the end of July, the committee decided to maintain the target range for the federal funds rate at 5.25% to 5.50% and to continue reducing their securities holdings. An Economy In Flux Though the FOMC cited recent signs of an improving economy as the basis for its policy decision, the release of the July 2024 jobs report on Friday, August 2nd, upended market sentiment. As detailed in the report, U.S. employers added just 114,000 jobs in July – 35% fewer than expected – and unemployment, now at 4.3%, is the highest since October 2021. This incoming data initiated many conversations about the Sahm rule, which posits that if the jobless rate, based on a three-month average, is a half percentage point above its lowest point over the previous 12 months, the economy has tipped into a recession. Friday’s jobs report technically meets the Sahm rule's criteria. The jobless rate in July rose from 4.1% to 4.3%, ticking the three-month average more than a half point above the 3.6% average one year ago. Against this backdrop, the sell-off on Friday was driven by the belief that the FOMC has delayed in reducing rates and a recession is nearing. Interestingly enough, Claudia Sahm, the economist for whom the Sahm rule was named, wrote in a recent post that clarified the interpretation of the statistic, stating, “A recession is not imminent, but the risks of a recession have risen.” The Interconnectedness Of Markets: The Japan Carry Trade Effect While the jobs report shifted market sentiment on Friday, the Bank of Japan's recent action to raise its benchmark rate from 0.10% to 0.25% was part of the impetus for the drawdown in U.S. equity markets on Monday. How was this possible? Because of the yen carry trade. Macroeconomic conditions determining the relationship between Japan and the United States have shifted. Since early 2023, the Federal Reserve has increased interest rates, while the Bank of Japan has kept its rates close to zero. This difference made the yen less attractive, allowing investors to borrow cheaply in yen and invest in higher-yield assets, such as U.S. equities – particularly “Magnificent Seven” companies. This practice, known as the carry trade, pushed the yen's value down further. A weaker yen boosted the earnings of Japan's export-driven companies as their foreign earnings became more valuable in yen. With the Bank of Japan enacting tighter monetary policy, traders are forced to close their positions due to the appreciation of the yen; causing a sharp market decline. Japan's stock market, led by export-oriented companies, has been particularly affected, as these companies benefited from a weaker yen both through competitive pricing and higher reported earnings from abroad. The Possibility Of Future Rate Cuts While many market participants and individuals have been calling for a rate cut, recent occurrences have raised the decibel level of those voices. In the press conference following the recent FOMC meeting, Federal Reserve chair Jerome Powell signaled the possibility of a rate cut by stating, “A rate cut could be on the table in the September meeting.” However, Powell also tempered expectations by saying he “can imagine a scenario in which there would be everywhere from zero cuts to several cuts” over the remainder of the year, “depending on the way the economy evolves.” With the adverse change in market sentiment and Monday’s U.S. equity drawdown, Chicago Federal Reserve President Austan Goolsbee intimated that the Federal Reserve would react to signs of economic weakness and indicated that interest rates could be too restrictive now. Based on the CME Group’s FedWatch, there is a growing probabilistic belief that a rate cut will occur in FOMC’s September 2024 meeting. Managing Volatility Stemming From Uncertainty For investors looking to navigate potential market volatility, index options offer the opportunity to trade based on one’s directional view – bullish, bearish or neutral – of the overall market. For example, if an investor has a strong view of how the broad stock market will move, they could consider trading index options on the S&P 500® ( SPX ). Index options provide investors with the right, but not the obligation, to buy or sell the index at a predetermined price before the option's expiration date. Due to their inherently leveraged nature, these instruments amplify the potential for high returns and the level of risk. The pricing of these options is influenced by several factors, including the underlying index's price, the strike price, time to expiration, interest rates, dividends and implied volatility. Cboe Global Market’s (CBOE: CBOE) Cboe Volatility Index® ( VIX® ) Options allow investors to trade or hedge against the volatility of the U.S. stock market, as measured by the Cboe Volatility Index® (VIX®). VIX Index Options are powerful tools for investors looking to trade or hedge against market volatility. They provide a way to gain exposure to the expected future volatility of the market, offering opportunities for speculation, hedging and diversification. Much uncertainty remains in the current U.S. economic landscape, with potential developments on the horizon capable of shifting market sentiment either way. Index options can provide investors with the tools to mitigate or capitalize on volatility stemming from uncertainty for the benefit of their portfolio. Featured photo by Etienne Martin on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
August 09, 2024 08:35 AM Eastern Daylight Time
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News ReleaseBenzinga
By James Blacker, Benzinga The United States is currently facing a severe housing shortage driven by years of underbuilding relative to demand from a growing population. Estimates indicate that the deficit ranges between 4 million and 7 million homes. To put this into perspective, America’s largest homebuilder, D.R. Horton, has built just about 1 million homes during its entire 45 years of operation. Factors contributing to the current dearth of houses include a crippling labor shortage, rising material costs and supply chain issues, all factors that were exacerbated by the COVID-19 pandemic. The housing crisis has prompted the need for innovative solutions to boost construction rates. The use of 3D printing technology is one potential solution offered by companies such as Apis Cor, who are leading the way in this transformative shift in the construction industry. A New Way Of Building For A Changing Labor Landscape The construction industry is short of some 500,000 workers in the U.S. this year. Many workers are retiring, while younger generations are showing less interest in traditional construction roles. This generational shift is not unique to construction but is having a profound impact on many industries. 3D printing technology offers a compelling solution to this problem by automating the construction process and eliminating the need for a large crew. Apis Cor’s technology, for example, requires a maximum crew of just two people to operate, in contrast to a 10-person crew that would be needed for traditional construction methods. Not only does this address the labor shortage issue, but also makes construction more efficient and cost-effective. Advantages Of 3D Printing In Construction 3D Printing, also known as additive manufacturing, is the construction of three-dimensional objects from digital models by depositing materials in successive layers. In construction, large-scale 3D printers layer materials such as concrete or mortar until the walls are complete. This innovative approach allows for intricate building designs that were previously impossible, opening new possibilities in architectural creativity. The potential for 3D printing in construction is significant. Not only does it require a smaller workforce, but it can also lower material costs, increase construction speed and optimize logistics. Apis Cor says they can currently 3D print the wall structures for a standard single-family house within five days instead of the weeks that conventional labor-intensive methods typically take. Apis Cor is eyeing a piece of an industry estimated to be worth over $53 billion by 2032. The company develops proprietary 3D printing technology that it says is capable of printing buildings of any square footage, with a potential cost reduction of up to 30% (which depends on many factors like design and location etc.) compared to conventional construction methods and at triple the speed. Apis Cor has already printed buildings in Boca Chica, TX, and Melbourne, FL, and aims to bring automated construction to every builder in America. The company has also deployed its printing robots in Dubai, where it reports holding the accolade of constructing the largest 3D-printed building in the world, which is a two-story, 31 ft tall building with 6,400 square feet of living area One of the most interesting aspects of Apis Cor’s technology is the ability to operate the 3D printers remotely. In a recent test, an operator based in California successfully controlled a printing process happening in Florida. This capability opens the possibility for around-the-clock operation and increased productivity. Remote operation is particularly beneficial for constructing buildings in remote or disaster-stricken areas, where traditional construction teams face logistical challenges, apart from its potential in construction for military operations. Apis Cor is currently in its pre-IPO stage and has already raised over $3.5 million from over 2,000 investors. For those looking to capitalize on what could be the future of construction, this funding round could be an interesting opportunity to support a company at the forefront of a homebuilding revolution. Click here to find out more about the company and how to invest. Featured photo by Binyamin Mellish on Pexels. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. The preceding post was written and/or published as a collaboration between Benzingaâs in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. Benzinga may receive monetary compensation from the issuer, or its agency, for publicizing the offering of the issuerâs securities. This content is for informational purposes only and is not intended to be investing advice. This is a paid ad. Please see 17b disclosure linked in the campaign page for more information. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
August 09, 2024 08:35 AM Eastern Daylight Time
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News ReleaseBenzinga
By Johnny Rice, Benzinga Francis MacDonald, CEO of Li-FT Power (OTC: LIFFF) (CVE: LIFT), was recently a guest on Benzinga’s All-Access. Li-FT is a mineral exploration company engaged in the acquisition, exploration and development of lithium pegmatite projects in Canada. The company’s flagship project is the Yellowknife Lithium Project located in the Northwest Territories. Li-FT also holds three early-stage exploration properties in Quebec, Canada, which it says have excellent potential for the discovery of buried lithium pegmatites, and also the Cali Project in the Northwest Territories within the Little Nahanni Pegmatite Group. The company recently released data gathered from the Yellowknife Project showing high concentrations of lithium. Watch the full interview here: Featured photo by MiningWatch Portugal on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
August 09, 2024 08:30 AM Eastern Daylight Time
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News ReleaseTRON DAO
Geneva, Switzerland, August 9, 2024 - The Asia Blockchain Summit 2024 ( ABS2024 ), featured TRON DAO as a Title Sponsor and welcomed TRON founder Justin Sun to deliver a keynote speech. Sun also participated in a thought-provoking fireside chat with Song Hongbin, author of "Currency Wars". The summit convened leaders from Web3, and various industries to explore and discuss the future of Blockchain, AI, and the Future of Governance. ABS2024 was held in Taipei from August 6-8 at the Taipei Nangang Exhibition Center. Taiwan has long been at the forefront of technology discussions, and this summit featured a distinguished lineup of keynote speakers and panelists, including Vitalik Buterin, founder of Ethereum; Song Hongbing, author of “Currency Wars”; and actor Joseph Gordon-Levitt. This significant gathering underscores the growing global interest in Taiwan as a leading center for Web3 innovation. TRON DAO and ABS successfully hosted Masterminds, the Official VIP & Speakers Only Reception at ABS2024 on August 6th. The exclusive opening night drinks reception at the iconic Ce La Vie Taipei offered breathtaking panoramic views of the city, complemented by exquisite cocktails, music, and delectable cuisine. August 7th, Justin Sun, Founder of TRON, delivered a keynote speech highlighting the positive impact TRON is making by bridging the crypto and traditional financial worlds. He discussed TRON's progress in payments and financial inclusion. Sun also participated in a fireside chat with Song Hongbin, a renowned scholar on financial history, for an in-depth discussion on their philosophy of “Money and digital assets.” Dave Uhryniak, Leader of Ecosystem Development at TRON DAO, also participated in a compelling panel discussion titled “How to Leverage Community Power for the Next Leg Up.” This discussion explored the benefits of community and collaboration in achieving collective success. The session emphasized mutual support and shared progress, resonating with audiences interested in community-building and cooperative achievements. As TRON DAO continues its mission to decentralize the internet through innovative blockchain solutions, it remains steadfast in nurturing strong community ties and fostering global innovation. Participation in ABS2024 underscores TRON DAO’s dedication to shaping the future of decentralized technologies and its ongoing commitment to advancing education in the blockchain sector. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of August 2024, it has over 247 million total user accounts on the blockchain, more than 8 billion total transactions, and over $22 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network Contact Details Yeweon Park press@tron.network Company Website https://trondao.org/
August 09, 2024 07:00 AM Eastern Daylight Time
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News ReleaseRev Up Marketers
Canada’s Gift Baskets is excited to announce the launch of its new line of corporate gift baskets, designed to enhance business relationships and recognize employee achievements. The new collection, available now, features a variety of high-quality, customizable gift baskets suitable for any corporate occasion. The corporate gift baskets from Canada’s Gift Baskets offer a sophisticated selection of gourmet treats, luxury items, and customizable options to cater to the unique needs of businesses. These baskets are perfect for client appreciation, employee recognition, corporate events, and holiday gifts. "We understand the importance of making a lasting impression in the business world," said Paul Dolabjian, CEO of Canada’s Gift Baskets. "Our new corporate gift baskets are curated with premium products and are customizable to reflect the values and branding of any company." Key features of the new corporate gift basket line include: Premium Quality Customization Options Variety of Choices Nationwide Delivery Canada’s Gift Baskets is committed to providing exceptional service and high-quality products. The launch of the new corporate gift baskets line underscores the company’s dedication to helping businesses build and maintain strong professional relationships. For more information about the new corporate gift baskets, visit Canada’s Gift Baskets. About Canada’s Gift Baskets Canada's Gift Baskets is a leading provider of premium gift baskets and hampers, renowned for its dedication to quality, creativity, and customer satisfaction. Based in Toronto, ON, Canada, the company has been serving customers across the nation for over a decade, offering a diverse range of beautifully curated gift baskets for every occasion, from personal celebrations to corporate events. Canada’s Gift Baskets has earned a reputation for its exceptional service, from the meticulous creation of each gift basket to the reliable and timely delivery. Whether it’s for a holiday, a milestone celebration, or to strengthen business relationships, Canada’s Gift Baskets offers the perfect solution for all gifting needs. With the launch of its new corporate gift basket line, Canada’s Gift Baskets continues to demonstrate its leadership in the industry, offering businesses across Canada a sophisticated and customizable way to show appreciation and recognize achievements. Contact Details Canada Gift Baskets Paul Dolabjian contact@canadasgiftbaskets.ca Company Website https://canadasgiftbaskets.ca/
August 09, 2024 06:33 AM Eastern Daylight Time
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News ReleaseCopper Property CTL Pass Through Trust
Copper Property CTL Pass Through Trust (“the Trust”) has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024. As previously announced, the Trust will host a live conference call to discuss its recently filed financial and operating results. Additional information, including the Trust’s Monthly and Quarterly Reports, as well as other filings with the Securities and Exchange Commission (“SEC”) can be accessed via the Trust’s website at www.ctltrust.net. Conference Call Details: DATE: Tuesday, August 13, 2024 TIME: 11:00 am CDT | 12:00 pm EDT DIAL-IN: U.S. & Canada Toll Free: (877) 841-2983 or International (215) 268-9893 WEBCAST: www.ctltrust.net via the Investor Relations Section or click here to access REPLAY (Available for 30 days): U.S. & Canada Toll Free: (877) 660-6853 / International: (201) 612-7415 Conference ID#: 13748365 Telephone Replays will be made available approximately 3 hours after the conference end time. Participants will be required to state their name and company upon accessing the replay. About Copper Property CTL Pass Through Trust Copper Property CTL Pass Through Trust (the “Trust”) was established to acquire 160 retail properties and 6 warehouse distribution centers (the “Properties”) from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust’s operations consist solely of owning, leasing and selling the Properties. The Trust’s objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit https://www.ctltrust.net/. Forward Looking Statement This news release contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trust’s expectations or beliefs concerning future events and stock price performance. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Trust’s Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trust’s filings with the SEC that are available at www.sec.gov. The Trust cautions you that the list of important factors included in the Trust’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Contact Details Jessica Cummins +1 847-313-4755 jcummins@hilcoglobal.com Company Website https://ctltrust.net/about/default.aspx
August 08, 2024 04:15 PM Eastern Daylight Time
Digital Asset DirectNews Direct
Contact Details News Direct Corp. Media at News Direct sales@newsdirect.com Company Website http://www.newsdirect.com
August 08, 2024 03:14 PM Eastern Daylight Time
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