All Industries

YXT.COM Is Turning The Corporate Training Market On Its Head With Its AI First Approach, And It’s Already Made A Name In China

Benzinga

By Meg Flippin, Benzinga Thanks to rapid internet penetration in China over the past decade, advances in artificial intelligence and the acceleration of the digital economy in one of the world’s most populous countries, digital learning, particularly among companies, seems to be taking off. As of 2023, the digital corporate learning market in China was valued at RMB 126.0 billion, according to Frost & Sullivan. Its forecast is to reach RMB 300.0 billion in 2028, growing at a CAGR of 18.9%. Among large enterprises in China, the market is projected to grow at an even higher CAGR of 20.5%. It makes sense that companies are embracing digital training, even without considering the disruptive impact of AI. Not only does digital training reduce costs for enterprises, it gives companies of all sizes access to a wide range of learning resources that can improve engagement and increase outcomes among workers. The old way of training, which typically relies on in-person educators to address a broad group of workers, tends to be more costly and can be relatively untargeted. With digital training, employees can learn at their own pace and engage in content geared toward their unique needs, which many enterprises are betting will improve engagement and outcomes. It comes at a time when AI, machine learning and other technology developments are reshaping the way we work and the skills we need. Enterprise self-training is expected to play an important role in readying the workers of tomorrow. While China’s enterprise digital learning market has shown growth in recent years, one company citing Frost & Sullivan data believes there’s still significant room for improvement in the penetration rate of enterprise digital learning. Welcome To The Era Of Self-Training That’s what YXT.com – or YXT.com Group (NASDAQ: YXT) – the Chinese digital enterprise learning solutions provider, is betting on. The company is leveraging a SaaS services model to usher in a new era in corporate training, allowing companies to target content to specific groups and skill sets online. It’s why YXT.com has 2,545 customers in about 20 industries, including over 200 Chinese Fortune 500 enterprises. Some sectors using YXT.com’s digital learning software include manufacturing, new retail, catering, finance and automotive. YXT.com counts well-known enterprises like Schneider Electric SE (OTC: SBGSY), Shiseido Co. Ltd (OTC: SSDOY), Sany Group, Yunnan Baiyao Group Co. Ltd (SHE: 000538), Huazhu Group (NASDAQ:HTHT) and NIO Inc. (NYSE: NIO) as customers. Among its subscription customers, YXT.com says the net revenue retention rate was 106.1% at the end of March. At last check, YXT.com offered its customers more than 8,200 courses with a total learning time of over 20,500 hours. Of that, 6,800 hours are proprietary courses. Technology Underpins The Offering YXT.com can offer so much digital learning content thanks to its focus on leveraging technology to provide customers with targeted training and learning paths for employees based on their positions and required skills. Using the insights the company has gleaned across different industries and business scenarios, YXT.com says it can offer companies a personalized recommendation engine that designs optimal learning paths for employees. The company says its solutions accurately match personnel, positions and courses for employees across China. Embedded in its learning platforms are speech recognition, adaptive learning, anti-cheating and simulation training, which make corporate learning more intelligent, exciting and effective, reports YXT.com. Cash In The Coffers After IPO The company’s successes include a U.S. listing. YXT.com went public on the NASDAQ in August, raising $25 million. Proceeds of its IPO are going to grow the business via research and development and technology investments, brand marketing and business promotions. The company is targeting enterprises with over 1,000 employees with its digital training platform. It’s an area of the market that Frost & Sullivan predicts will grow at a CAGR of 20.5% from now until 2028. YXT.com says focusing on large enterprise customers is speeding its path to profitability. The company says large enterprises have recurring annual budgets in place for enterprise learning, which gives YXT.com access to more stable revenue. Since focusing on large enterprises, the company says it has reduced sales, R&D and management expenses. "YXT.com's successful listing on the US NASDAQ is an important milestone in the company's development journey and a new starting point,” YXT.com’s founder and chairman Lu Ruize said at the time of the IPO. “After completing the listing, YXT.com will leverage the power of the capital market to provide more competitive products and better services to customers with stronger technological capabilities in the AI era, promoting the digital and intelligent development of China's human resources technology and enhancing the global competitiveness of Chinese enterprises." YXT.com’s stock may not be as high as when it went public in August, suffering from what may be a lack of attention from the capital market. Still, the company sees a big opportunity in bringing China’s workforce into the digital age thanks to its technology-driven adaptive learning SaaS model, and Frost & Sullivan data cited by the company in a regulatory filing states that YXT.com was already the largest digital corporate learning solution provider in China in terms of total revenue, subscription revenue and number of subscription customers in 2023. With the digital training market taking off and a client roster that includes big-name companies, YXT.com may be worth keeping an eye on for those interested in the market. Featured photo by Headway 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

October 31, 2024 08:35 AM Eastern Daylight Time

Image

Understanding Dispersion And The Cboe S&P 500 Dispersion Index

Benzinga

By Cboe, Benzinga The Cboe S&P 500 ® Dispersion Index (DSPX SM ) debuted over a year ago, but the investment concept of dispersion still remains unfamiliar or unclear to many investors. In simple terms, dispersion refers to the range or spread of individual stock returns around the index’s average return. Each day, indices like the S&P 500 calculate a market-cap-weighted average return based on the performance of the stocks within the index. However, this average does not reveal the variation in returns between individual stocks, which is where the concept of dispersion becomes relevant. Dispersion measures this variation, highlighting the potential opportunities for stock selection. Understanding dispersion is helpful for portfolio managers engaged in active management or individual traders because it reflects the potential payoff for selecting stocks that outperform the average. The Value Proposition Of Dispersion During periods when there’s more distance between the best- and worst-performing stocks, a portfolio manager or trader can add more value by picking the best stocks and avoiding the worst. Thus, dispersion is a means of quantifying one’s stock selection ability. In a relatively lower dispersion environment where stocks generally move in tandem, an active investor will find it especially difficult to construct an index-beating portfolio. In such circumstances, the case for passive investing is typically highlighted. However, in a high-dispersion environment, one should expect a relatively wide range of returns, increasing the probability of profiting more. The Relationship Between Dispersion And Volatility Given that dispersion is a measure of magnitude, intuitively, one would assume that periods of high dispersion would be accompanied by increased volatility. In actuality, dispersion has been present in both bull and bear markets. As detailed in S&P Dow Jones Indices’ whitepaper, Dispersion: Measuring the Market Opportunity, between April 1999 and January 2001, there was a material increase in dispersion for the S&P 500 Index, driven by the industry behavior of the technology sector. However, index volatility did not rise, as sectors other than technology performed more normally. The takeaway was that dispersion can better capture periods where only a portion of the market either bubbles or crashes. There have also been instances where volatility has been elevated, but dispersion has been low. During the summers of 2010 and 2011, volatility surged without a corresponding increase in dispersion. Individual stocks performed similarly as market participants responded indiscriminately to events like the European debt crisis and the U.S. government debt downgrade. The Cboe S&P 500 Dispersion Index Explained The Cboe S&P 500 ® Dispersion Index (DSPX℠) measures the expected dispersion in the S&P 500® over the next 30 calendar days, as calculated from the prices of S&P 500 index options and the prices of single stock options of selected S&P 500 constituents, using a modified version of the VIX ® methodology. In contrast to "realized dispersion" – a measure of independent movement observed in the components of a diversified portfolio – the Dispersion Index is a forward-looking implied measure. The index may provide an indication of the market's perception of the near-term opportunity set for diversification or, equivalently, an indication of the market's perception of the near-term intensity of idiosyncratic risk in the S&P 500's constituents. How Dispersion Can Work For You The Cboe S&P 500 Dispersion Index offers several advantages, the primary one being that it measures the variation in individual stock returns within the S&P 500, helping active investors spot potential stock-picking opportunities. By understanding how much individual returns differ from the average, active investors can gauge the potential rewards of selecting better-performing stocks. The index also helps with risk management by showing periods of greater or lesser market dispersion, which can guide trading and portfolio decisions. For traders, it offers insights for using options or hedging strategies based on market volatility. Overall, it provides a clearer picture of market behavior beyond just the average return. Featured photo by Anne Nygård 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

October 31, 2024 08:25 AM Eastern Daylight Time

Image

Shopify Reveals New Finance Hub: Money Management For Online Merchants

eCommerceFastlane

FOR IMMEDIATE RELEASE eCommerce Fastlane, the leading Shopify-focused podcast, announced the release of Episode 366, featuring an interview with Vikram Anreddy, Head of Product for Financial Services at Shopify, revealing the company's expansive financial services ecosystem. In this groundbreaking episode, Anreddy details Shopify's strategic evolution into a comprehensive financial services provider, introducing solutions designed to revolutionize how ecommerce entrepreneurs manage their business finances. "This episode marks a pivotal moment for Shopify merchants seeking to optimize their financial operations," said Steve Hutt, host of eCommerce Fastlane. "The introduction of these integrated financial tools represents a significant shift in how online businesses can manage their capital, expenses, and banking needs." Key announcements from the episode include: - Shopify Balance offering industry-leading 4.43% APY for Plus merchants - Enhanced Shopify Capital program now providing funding up to $2M - Introduction of Shopify Credit with up to 3% cashback on business expenses - Launch of Shopify Bill Pay for streamlined vendor payment management - Comprehensive Shopify Tax solution for automated compliance The episode gives merchants actionable insights into leveraging these new financial tools to scale their operations and improve cash flow management. Anreddy shares detailed implementation strategies and explains how these solutions integrate seamlessly within the Shopify ecosystem. Episode 366 is now available on all major podcast platforms, including eCommerceFastlane.com/podcast/episode-366. About eCommerce Fastlane eCommerce Fastlane is the premier podcast for Shopify store owners and ecommerce entrepreneurs, delivering actionable strategies and insights from industry leaders. Host Steve Hutt brings over two decades of ecommerce expertise to help merchants scale their online businesses effectively. Contact Details Fastlane Media Inc. Steve Hutt steve@ecommercefastlane.com Company Website https://ecommercefastlane.com

October 30, 2024 01:04 PM Pacific Daylight Time

iLearningEngines, Inc. Shareholders who Lost Money on Their Investments are Encouraged to Contact Johnson Fistel about the Class Action Lawsuit

iLearningEngines Inc

Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of investors of iLearningEngines, Inc. (NASDAQ: AILE) that seeks to recover losses on behalf of investors who acquired between April 22, 2024, and August 28, 2024, both dates inclusive (the "Class Period"). If you wish to serve as lead plaintiff, you must move the Court no later than December 6, 2024. If you incurred losses and want to act as the lead plaintiff in the class action lawsuit or determine if you are eligible to receive a potential recovery of your losses, follow the link provided: POTENTIALLY RECOVER YOUR LOSSES HERE For more information, contact James Baker, at (619) 814-4471, jimb@johnsonfistel.com or fjohnson@johnsonfistel.com The complaint alleges that defendants made false statements and/or concealed that: (1) the Company's "Technology Partner" was an undisclosed related party; (2) the Company used its undisclosed related party Technology Partner to report "largely fake" revenue and expenses; (3) as a result of the foregoing, the Company significantly overstated its revenue; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Johnson Fistel began an investigation on August 27, 2024, when Hindenburg Research issued a report on iLearningEngines highlighting some concerns regarding the company's operations. According to the report, in November 2023, before the IPO, the SEC inquired whether the “Technology Partner” was a related party. The company replied that it was not. Hindenburg states further that “Technology Partner” is a UAE-based entity named Experion Technologies, identified through documents related to a debt transaction. We believe this entity is an undisclosed related party, suggesting that iLearningEngines misled the SEC. According to a 2020 web capture, the American contact for Experion was listed as the CEO of iLearningEngines. Additionally, a 2022 web capture showed the American address for Experion as the personal residence of iLearningEngines’ CEO. Investor Action Steps: Shareholders who incurred losses during the class period have until December 6, 2024, to move the court to become a lead plaintiff in this action. A lead plaintiff will act on behalf of all other class members in directing the class-action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class-action lawsuit. An investor's ability to share any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. About Johnson Fistel, LLP | Top Law Firm, Securities Fraud, Investors Rights: Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. We also extend our services to foreign investors who have made purchases on US exchanges. Stay updated with news on stock drops and learn how Johnson Fistel, LLP can help you recover your losses. For more information about the firm and its attorneys, please visit www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes. Attorneys may perform services in any of our offices. Johnson Fistel, LLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Media Contact Details:- Johnson Fistel, LLP 501 W. Broadway, Suite 800, San Diego, CA 92101 James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471 jimb@johnsonfistel.com or fjohnson@johnsonfistel.com NewsSource: PinionNewswire LEGAL DISCLAIMER: The information included in this press release from " Johnson Fistel, LLP " is not intended or implied to be a substitute for professional advice, diagnosis, or treatment. All content, including text, graphics, images and information, contained in or available through this press release is for general information purposes only. Neither PinionNewswire nor its distribution partners make any representation and assume no responsibility for the accuracy of the information contained in this press release, and such information is subject to change without notice. You are encouraged to confirm any information obtained from this press release with other sources and review all information. Contact Details Johnson Fistel, LLP James Baker, Investor Relations +1 619-814-4471 fjohnson@johnsonfistel.com

October 30, 2024 02:02 PM Eastern Daylight Time

Velocity Global Recognized as Leader in Everest Group’s Global EOR PEAK Matrix® for Third Time Running

Velocity Global

Velocity Global, the leading expert on global workforce management, proudly announces its designation as a Leader in Everest Group’s 2023 PEAK Matrix® Assessment for Employer of Record (EOR) Solutions. This prestigious recognition marks the third consecutive year that Velocity Global has earned this accolade, reaffirming its role as a trailblazer and trusted partner for businesses scaling internationally. In its evaluation of 23 EOR solution providers, Everest Group assessed companies on their vision, capabilities, and impact in 2023. Velocity Global’s repeated success underscores its innovation and unwavering commitment to helping organizations expand their global reach effortlessly. “Velocity Global has been recognized as a Leader in Everest Group’s EOR Solutions PEAK Matrix® Assessment 2023 for the breadth and depth of its services that span across EOR, supplemental benefits and perks, and equity management along with local expertise across multiple geographies. Its focus on compliance and continuous investment in compliance, advanced analytics, technology sophistication, and improving the customer experience along with a strong product roadmap is well aligned with the market needs and expectations to position it well in the EOR market,” stated Priyanka Mitra, Vice President, Everest Group. The Leaders in this report distinguish themselves through their ability to meet diverse customer needs—from onboarding to offboarding and beyond. They continuously innovate, delivering solutions that elevate the customer experience and drive real-time benefits for both employers and employees across the globe. Since its inception, Velocity Global has been a driving force in revolutionizing global workforce solutions. Evolving from a point solution provider to a strategic global growth partner, the company empowers businesses of all sizes with its unique combination of technology and expertise. Velocity Global’s Global Work Platform™ offers a seamless experience, combining self-service functionality with deep legal and HR expertise to ensure compliance across 185+ countries. Everest Group recognized Velocity Global as a Leader for their customer support, compliance management, and country-specific payroll, benefits, mobility, and legal expertise. As a pioneer in global workforce management, Velocity Global offers: Comprehensive Global Expansion: Velocity Global enables companies to hire, manage, pay, and retain a global workforce worldwide. With services that include statutory and supplemental benefits, companies can scale confidently across borders, fully supported by Velocity Global’s extensive offerings. Tech-Driven Innovation: Velocity Global continuously enhances its Global Work Platform™, empowering clients to onboard, manage, and pay global employees compliantly—all through one intuitive platform and augmenting its capabilities and market impact in the EOR market. With seamless bi-directional data integrations, businesses can synchronize their core HR functions with leading HR systems. Expert-Led Customer Support: Velocity Global’s dedicated teams of global payroll, benefits, immigration and mobility experts, coupled with in-country HR and legal expertise, provide unmatched support. Customers have consistently praised Velocity Global for its exceptional customer service and unmatched compliance management. “When it comes to addressing talent gaps or expanding into new markets, the ability to hire anyone, anywhere is a game-changer for companies,” said Francoise Brougher, CEO of Velocity Global. “To succeed in the global workforce, businesses need more than just speed—they need a frictionless user experience and reliable and trustworthy compliance. Our legal and HR expertise, combined with our cutting-edge technology, delivers all three, allowing our customers to focus on what really matters - growing their business.” To learn more about what differentiates us, download the report here. For more information on how Velocity Global makes opportunity borderless for people everywhere, visit www.velocityglobal.com. About Velocity Global Velocity Global gives you the power to build your team everywhere—combining seamless technology and local expertise in 185+ countries. We make it simple to compliantly hire, pay, manage, and retain talent anywhere. With Velocity Global, the world is yours. Contact Details Media contact +1 720-650-4348 press@velocityglobal.com Company Website https://velocityglobal.com/

October 30, 2024 11:00 AM Pacific Daylight Time

Image

City of Portland, NTEN, and Comcast Announce Fellows Selected to Help Expand Digital Equity Programs Locally

Comcast Pacific Northwest

Today, the City of Portland, Comcast, and NTEN announced the five fellows and organizations in the 2024 Portland Digital Equity Service Corps (DESC) that were selected to receive a grant of up to $5,000 to help launch or expand a sustainable digital literacy program within their missions. They are: Marina Alvarez, Latino Network; Isa Alvarez, Hacienda CDC; Jeremy Gomez, Free Geek; Rukia Aweys Mohamed, African Refugee Immigrant Organization; and Fabiola Sanchez from Rosewood Initiative. In addition to funding assistance, the DESC fellows will receive training in program design and management, accessibility, adult education learning methods, impact evaluation, coalition building, leadership skills, workforce development strategies, and more. The Portland DESC, administered by NTEN, was selected as a $250,000 grant winner of the Talent for Tomorrow: Digital Equity Challenge that was launched as a joint initiative earlier this year by the U.S. Conference of Mayors (USCM) and Comcast’s Project UP. The Digital Equity Challenge supports the development and expansion of local workforce programs designed to grow college and career readiness, close the digital skills gap, advance economic mobility, and lay the foundation for generational wealth in under-resourced communities. “Tackling digital equity requires multi-stakeholder collaboration and a holistic approach to inclusive community access. We believe that the outcomes from this fellowship will help expand pathways for educational and workforce advancement,” said Rebecca Gibbons, City of Portland Digital Equity Manager. “Nationwide and locally, Indigenous people, Black Americans, Latino Americans, low-income households and people living with disabilities face barriers that result in the lowest rates of accessibility to the internet and to devices. The City of Portland’s strategy to closing the digital divide calls for a cross-sectional and root-cause approach.” The Portland DESC, which models and builds on a decade of insights from NTEN's Digital Inclusion Fellowship, will equip fellows with the tools to establish sustainable digital literacy programs in the rural and urban communities most affected by digital inequities. NTEN provides mentors and comprehensive support to all fellows as they develop and implement a digital inclusion program tailored to their organization's and community's specific needs and contexts. The five organizations participating in the fellowship have deep roots in their communities and working on issues such as affordable housing, tech sustainability, digital access and youth engagement. "Organizations face many barriers to meeting their community's socioeconomic and civic needs. When community members don't have internet access or the skills to use it, those barriers are even higher," said Amy Sample Ward, CEO of NTEN. "We believe that the organizations best positioned to provide critical digital literacy programs are those that are already in and trusted by impacted communities. Our program is designed to build the skills, confidence and effectiveness of the fellows to deliver an innovative, sustainable digital literacy program that meets communities where they are." Project UP is Comcast’s a comprehensive initiative to advance digital equity and help build a future of unlimited possibilities. With a substantial commitment of $1 billion to reach tens of millions of people, Project UP encompasses programs and community partnerships across Comcast, NBCUniversal, and Sky to connect people to the Internet, promote economic mobility, and create opportunities for the next generation of innovators, entrepreneurs, storytellers, and creators. "Comcast is proud to partner with NTEN and the city to build on our shared commitment to digital equity through Portland's Digital Equity Service Corps," said Rodrigo Lopez, Region Senior Vice President for Comcast in the Pacific Northwest. "Together, we are pleased to support an impressive group of people passionate about bringing digital equity to communities. These individuals will ensure that more people, especially those most often left out of the digital economy, can take advantage of the opportunities that come with acquiring digital skills." About NTEN NTEN is creating a world where missions and movements are successful through the skillful and equitable use of technology. We build transformative power by connecting people who are putting technology to work for social change. We strengthen their individual and collective capacity for doing good by offering expert trainings, researching effective approaches, and providing places where relationships can flourish. We relentlessly advocate for the redesign of the systems and structures that maintain inequity. NTEN’s amazing community is made up of nonprofit staff, volunteers, board members, funders, consultants, and vendors from all walks of life. For more information, visit: https://www.nten.org/about-nten. About the City of Portland’s Digital Equity Strategic Initiatives Program The Strategic Initiatives program champions public policy and local resources and investments to ensure the benefits of communications technology are available to all in support of an equitable, sustainable, and economically healthy city. BPS’s Digital Equity Strategic Initiatives team helps ensure all have the opportunity to thrive in the digital economy by focusing on just and equitable strategies to achieve digital access and adoption for all. The Coalition of Digital Equity (CODE), of which the City of Portland and NTEN are members, is a coalition of community organizations interested in raising awareness about digital equity barriers and developing local solutions to bridge the digital divide. Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms, we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Comcast Rachael Arnold Rachael_Arnold@Comcast.com Company Website https://oregon.comcast.com

October 30, 2024 08:55 AM Pacific Daylight Time

Debt.com Provides Essential Financial Guidance for Victims of Hurricanes Helene and Milton

Debt.com

In the wake of Hurricanes Helene and Milton, countless families are grappling not only with the physical destruction of their homes and properties but also with severe financial setbacks. Debt.com, a trusted leader in financial education and debt relief, is extending its support to help those affected by the storms manage the financial fallout and rebuild their economic stability. “With two powerful hurricanes striking in quick succession, many people are facing unforeseen expenses, loss of income, and mounting debt,” said Don Silvestri President of Debt.com. “In times like these, it’s easy for financial problems to escalate if people don’t know where to seek help. Our mission is to offer resources and guidance to help these families regain control of their finances and avoid long-term financial hardship.” Don Silvestri President of Debt.com Debt.com is providing free resources, financial counseling, and expert advice specifically tailored for hurricane victims. These services aim to help affected individuals explore their options, recover more quickly, and rebuild stronger financial foundations. The organization has also compiled a list of personal finance tips and links to government assistance programs to assist during this critical time. Personal Finance Tips for Hurricane Victims Document All Damage and Expenses: Keep detailed records of storm damage, repairs, and temporary living expenses. This will be crucial for insurance claims and any potential assistance from FEMA. Contact Your Insurance Provider First: Call your insurance company to understand what’s covered and how to file a claim. Homeowners, renters, and auto insurance policies may all have provisions for storm damage. Reach Out for Help if You Can’t Pay Your Bills: Many creditors and utility companies offer temporary payment relief in times of disaster. Contact your lenders and service providers to ask about deferment options and waived fees. Be Cautious When Using Credit: If you have to use credit cards to cover emergency expenses, be strategic. Use the card with the lowest interest rate and prioritize paying off those balances as soon as possible. Create an Emergency Budget: If your income has been disrupted or you’re facing higher expenses, build a temporary budget that prioritizes essentials like housing, food, and medical care. Cut back on non-essentials until you have a clearer picture of your financial situation. Avoid High-Cost Loans and Scams: After natural disasters, scammers often target victims with high-interest loans or fraudulent services. Stick to reputable sources of assistance and avoid payday loans or predatory lending. Seek Professional Advice: If you’re feeling overwhelmed by your financial situation, reach out to Debt.com for a free consultation. They can help you develop a recovery plan and provide guidance on managing debt. Government Resources Available for Hurricane Victims Federal Emergency Management Agency (FEMA): FEMA provides financial assistance for temporary housing, home repairs, and other disaster-related expenses. Visit www.disasterassistance.gov or call 1-800-621-FEMA (3362) for help. Small Business Administration (SBA) Disaster Loans: The SBA offers low-interest disaster loans to homeowners, renters, and businesses to help cover losses not fully covered by insurance. Visit www.sba.gov or call 1-800-659-2955 for details. American Red Cross: The Red Cross provides emergency shelter, food, and financial assistance. Visit www.redcross.org or call 1-800-RED-CROSS (733-2767). Department of Housing and Urban Development (HUD) Disaster Resources: HUD offers foreclosure relief and other housing assistance for those in disaster areas. Contact a HUD-approved housing counselor at 1-800-569-4287 or visit www.hud.gov. State and Local Emergency Management Agencies: Many states and counties have additional resources and recovery programs for disaster victims. Check your state or local emergency management website for specific help. Rebuilding takes time, but you don’t have to go through it alone. Debt.com encourages anyone struggling financially after Hurricanes Helene and Milton to seek help before debt becomes unmanageable. “These storms can have a lasting impact not just on your home, but on your finances as well,” Silvestri adds. “By taking the right steps now, you can protect yourself from making rushed financial decisions that could lead to long-term debt.” Don Silvestri President of Debt.com For personalized advice or to schedule a free counseling session, visit www.debt.com. About: Debt.com is a resource that offers consumers education, self-help guides, professional solutions, and more. On Debt.com, consumers can find expert money advice–how to make it, how to save it, and how to spend it. They also assist consumers by matching them with the perfect debt-solution company for their situation and making sure they are happy with the results. Debt.com has been featured in the Washington Post, Yahoo! Finance, Forbes, and more, making them a pillar of the debt relief industry. Contact Details Jill Randolph JRandolph@mediamgmtgroup.com Company Website https://www.debt.com/research/

October 30, 2024 11:00 AM Eastern Daylight Time

Video Image

NowSecure Launches PTaaS to Secure Roku, WebOS, Tizen, AndroidTV and tvOS Apps

NowSecure

NowSecure, the leading provider of mobile app risk management solutions, has expanded its mobile Pen Testing as a Service (PTaaS) offering to include security, privacy and compliance testing for apps on popular streaming, gaming and media platforms. Delivered via NowSecure Platform, the enhanced mobile application security testing service covers platforms such as Roku, WebOS, Tizen, Android TV OS, PlayStation, Xbox, tvOS and HarmonyOS, providing comprehensive, scalable security testing to help organizations mitigate risks and protect their reputation. Expansion of NowSecure security testing to cover apps on additional critical operating systems is essential for companies as they develop apps for connected devices.These platforms handle sensitive data like user credentials, payment information and personal preferences and run on operating systems whose security and privacy is more challenging to test. “Building on our success in mobile application security testing for streaming apps, we’re now expanding to protect apps on TV and gaming platforms,” said NowSecure CEO Alan Snyder. “By broadening our PTaaS capabilities, NowSecure ensures that businesses can protect user data and comply with privacy mandates across a full spectrum of operating systems, from smartphones to streaming to IoT devices and everything in between.” Why TV and Gaming Apps Require Strong Security Streaming devices and gaming consoles now support a wide range of apps for streaming, e-commerce and more. Platforms such as Roku, PlayStation and Android TV OS are found in millions of households worldwide, making them significant targets for cybercriminals. Security vulnerabilities on these platforms can enable attackers to access microphones and private data collected from connected systems, violating customer privacy and damaging corporate reputations. In the most severe scenarios, attackers can take control of the apps and IoT devices which can create a physical security issue in addition to the privacy issues. NowSecure cloud subscription-based PTaaS helps developers and security teams continuously secure apps via: Standards-based, on-demand penetration testing to identify app vulnerabilities across multiple environments, including streaming and gaming platforms Integration into ticketing and vulnerability management systems and detailed reporting and remediation guidance to resolve issues before release Historic record and audit trail of testing results and policy attestation Customized Security Testing Across Leading Platforms NowSecure PTaaS is designed to meet the unique security requirements of each platform: Roku: Focus on vulnerabilities related to authentication, API security and user data privacy Tizen & WebOS: Rigorous security assessments for smart TVs from Samsung and LG smart TVs, targeting secure data transmission and code integrity PlayStation & Xbox: Pen testing for streaming apps and utilities that run on popular gaming consoles HarmonyOS & Android TV OS: Comprehensive testing for apps on these growing platforms, addressing third-party library vulnerabilities and secure communication protocols. “As more devices integrate apps and connect to home networks, securing those apps is essential,” said Michael Krueger, senior director of application security services for NowSecure. “Our expanded PTaaS ensures that apps on these platforms meet the highest security standards, protecting customers and enabling safe digital experiences.” Securing the Future of TV and Gaming Apps The expanded NowSecure PTaaS offering provides companies developing apps for TV and gaming platforms with the tools they need to reduce the risk of breaches, regulatory fines and brand damage. NowSecure delivers on-demand penetration testing and actionable insights, helping organizations stay ahead of emerging threats in fast-evolving environments. To learn more about securing your apps on TV and gaming platforms with NowSecure PTaaS, visit our website, read our blog and contact us to discuss. ABOUT NOWSECURE Mobile apps define an enterprise’s digital presence and drive engagement with both employees and customers. However, the rapid pace of mobile innovation introduces security, safety and privacy risks that traditional risk management technologies often miss. By partnering with NowSecure to build a Mobile Applications Risk Management (MARM) program, organizations are better protected against the risks that plague the largely insecure mobile app ecosystem. NowSecure provides policy-driven progressive testing tailored to risk tiers, combining automated continuous assessments with expert Pen Testing as a Service (PTaaS) to pinpoint and remediate security, safety, and privacy issues. This approach shrinks the mobile app attack surface and accelerates app releases. Built on a foundation of industry standards by mobile security experts, NowSecure safeguards many of the world’s leading brands and their employees, partners and customers. Contact Details Jon Brody +1 202-240-7611 press@nowsecure.com Company Website https://www.nowsecure.com/

October 30, 2024 10:30 AM Eastern Daylight Time

Market Insight: Power Struggle Arises at XTL Biopharmaceuticals: Court Documents Reveal ‘The Social Proxy’ Founders Fear Collapse Amidst Refusal for Cash Infusion (NASDAQ: XTLB)

Veritas Research Alliance

XTL Biopharmaceuticals Ltd. (NASDAQ: XTLB) is facing a dramatic internal struggle that could spell the collapse of Social Proxy, the AI data company it recently acquired. Initially seen as a bold move to diversify XTL’s portfolio, the acquisition has led to a court battle, a special comittee, and an unsettling silence from the company’s leadership. Investors are left wondering what's next for XTL and the Social Proxy. A Storm Brews: From Autoimmune Focus to Corporate Power Play XTL Biopharmaceuticals, once a promising player in the biotech space with a focus on autoimmune diseases like lupus and Sjögren’s syndrome, has evolved over the years into something of a shell company. The company’s pivot came in August 2024, when it acquired Social Proxy, an AI-based proxy technology and data extraction platform. The acquisition was meant to reignite XTL’s fortunes, providing a foothold in the rapidly growing web data market. In exchange for 5.29 million American Depositary Shares (ADS), representing 44.6% of XTL’s outstanding share capital, and $430,000 in cash, XTL took control of Social Proxy. The plan appeared straightforward: leverage Social Proxy’s scalable AI technology to diversify into high-growth sectors. However, almost immediately after the acquisition, internal conflict began to surface. Financial Discrepancies and Legal Quandaries The first public sign of trouble came on October 9, 2024, when Tal Klinger and fellow XTL board member Yair Redl filed an emergency motion with the Tel Aviv Economic Court. They requested an immediate $200,000 cash injection into Social Proxy to prevent what they described as "irreparable damage" to the company. Klinger and Redl feared that Social Proxy, the company Klinger had built, was in danger without this urgent support. But the court rejected their motion, ruling that it was up to the special committee formed after the acquisition to address the financial situation. The court emphasized that the governance structure of XTL, particularly through the special committee, was the appropriate avenue for resolving these disputes—not the judiciary. This decision shifted the responsibility back to XTL’s board, which accordingly acted to create the special comittee, according to a recent filing, but it also raised questions: Will the special committee act in time to save Social Proxy, or was this delay part of a broader power play? Alexander Rabinovitch: A Key Player with a History of Corporate Takeovers Alexander Rabinovich, a director and shareholder of XTL and seen by many as a key controlling figure, is known for his role in the corporate world. Most notably, he was involved in a high-profile 'takeover' of InterCure (NASDAQ: INCR), a cannabis-focused company. Rabinovitch’s track record of successfully navigating corporate control has made him a figure of interest in XTL’s current situation. However, this time, the company in question is Social Proxy, and the stakes are just as high. While there is no direct evidence suggesting Rabinovich is actively undermining Social Proxy, his role as a key decision-maker and his history of takeovers lead some to speculate on his motives. Investors are left to wonder if Rabinovitch’s influence on XTL and The Social Proxy is what's behind the seemingly odd occurances. Israeli media has often referred to the merger as a move orchestrated by Rabinovich himself, given he tendency to get personally involved in the companies he owns. Moreover, Rabinovich himself was named in the court filing. Silence and Lack of Transparency: Investors in the Dark One of the most unsettling aspects of the ongoing conflict is XTL’s lack of communication. Since the acquisition, XTL has remained silent, issuing no press releases to inform investors of the internal turmoil or the ongoing legal motion. The company has made no moves to rebrand or clarify its strategic direction, leaving shareholders in the dark. The only public acknowledgment of any issues came on October 15, 2024, when XTL filed with the SEC, disclosing disputes over the financial data provided by Social Proxy during the acquisition. However, this filing made no mention of the court motion or the urgency of Social Proxy’s financial distress. This absence of transparency has fueled speculation and raised concerns about XTL’s leadership and intentions. The Court Ruling and Its Aftermath The Tel Aviv Economic Court's October 9 ruling dealt a blow to Klinger and Redl’s attempt to secure immediate funding for Social Proxy. The court deferred to the special committee to handle the situation, reinforcing the idea that internal governance should decide Social Proxy’s fate. This decision puts Social Proxy’s future in the hands of a few powerful figures at XTL, with Rabinovitch playing a central role in that decision-making process. Although the court did not interfere directly, it left Social Proxy hanging by a thread, dependent on decisions made by XTL’s special committee. With the fate of the company in the balance, the question remains whether the committee will act in time to save Social Proxy or if this marks the beginning of the end for the AI company. This market transparency report is not financial advice. The content may unintentionally include errors or information that is not up to date. Readers are responsible to do their own research. We encourage you to read XTL's full filing on the matter. We are not licensed nor do we seek to provide any form of licensed advice. All content is for informational purposes only. Readers are advise to do their own research and seek out professional advice. Contact Details Veritas Research Alliance Nasdaq research@veritas-research.org Company Website http://veritas-research.org

October 30, 2024 10:15 AM Eastern Daylight Time

1 ... 10 11 12 13 14 ... 3763

Back