Maestro PMS, a leading cloud-based property management system, and Data Plus, a premier financial management platform, have teamed up to streamline operations and maximize profitability at the Francisco Grande Hotel & Golf Resort. The partnership integrates advanced property management and financial tools, providing real-time financial insights and boosting operational efficiency.
Seeq, a leading industrial analytics and AI company, has appointed Vertix Technologies SAC as its first Master Regional VAR (MRV) partner for the Caribbean and Latin American (CALA) region. This partnership recognizes Vertix’s expertise in the region and its commitment to customer success. Vertix will also launch the first Seeq Regional Authorized Training Center in Lima, Peru, providing training for partners and customers in the region.
Bitcoin spot ETFs saw a net inflow of $28.72 million on September 9th, while Ethereum spot ETFs recorded their fifth consecutive day of outflows. The market remains uncertain, with the upcoming presidential debate and CPI data announcement serving as potential catalysts for volatility. Experts weigh in on the future of cryptocurrency investments and the evolving ETF landscape.
Under Armour has revised its restructuring plan, increasing expected charges to $140-$160 million due to exiting its California distribution facility. The company anticipates a wider operating loss but maintains its adjusted operating income and EPS outlook. Despite the increased charges, Under Armour remains optimistic about long-term efficiency gains from supply chain optimization.
Lazard’s global head of small-cap equity, Sean Gallagher, predicts a significant rally in small-cap stocks, fueled by declining interest rates and attractive valuations. He expects the iShares Russell 2000 ETF (IWM) to surge between 30% and 50% in the next year, closing the gap with large-cap counterparts. Gallagher’s bullish outlook is supported by the substantial valuation gap between small and large caps, with small caps appearing exceptionally cheap after removing non-earners from the index.
AstraZeneca is facing an investigation in China concerning alleged illegal activities, including potential breaches of data privacy laws and importing unlicensed cancer medications. The probe involves several current and former employees, with the company emphasizing its compliance with Chinese policies.
Viridian Therapeutics announced positive topline data from their THRIVE Phase 3 clinical trial for VRDN-001 (veligrotug), a potential treatment for active thyroid eye disease (TED). The trial met all primary and secondary endpoints, demonstrating veligrotug’s effectiveness in reducing symptoms and improving patient outcomes.
Air Canada has appointed Firas Al Osman as its first Chief Digital Officer, marking a significant step in the airline’s digital transformation journey. Al Osman will be responsible for developing and implementing a comprehensive digital strategy, focusing on enhancing customer experience, fostering innovation, and improving operational efficiency.
German automaker BMW has revised its financial guidance for 2024, citing a decline in global sales. This adjustment is attributed to technical issues with its Integrated Braking System, impacting over 1.5 million vehicles and leading to additional warranty costs. The company also faces subdued demand in China, despite government stimulus measures. As a result, BMW now anticipates a slight decrease in deliveries and a lower EBIT margin for 2024.
Broadcom, a major supplier to Apple, exceeded revenue expectations driven by strong infrastructure solutions, particularly fueled by the acquisition of VMware. The company also highlighted its significant role in the AI infrastructure, supplying custom chips for Google’s TPU and Apple’s AI training initiatives. However, semiconductor solutions fell short of estimates, signaling a potential shift in the AI chip landscape.
