News Hub | News Direct

All Industries


Article thumbnail News Release

Capturing Consumer Spending on Health Care with XLV

Select Sector SPDR

With consumer spending on health care continuing to increase, the Health Care Select Sector SPDR Fund ( XLV ) provides an opportunity for investors to leverage this trend. XLV tracks health care stocks within the S&P 500 Index, offering broad exposure to core companies in the U.S. healthcare sector. The fund's top holdings* are comprised of market leaders across several sub-sectors of healthcare including companies such as Eli LIlly & Co (11.34%), Unitedhealth Group (8.36%), Johnson & Johnson (6.96%), Merck & Co (6.11%), AbbVie Inc. (5.87%), Thermo Fisher Scientific (4.10%), Abbott Laboratories (3.61%), Danaher Corp (3.00%), Pfizer (2.86%), and Amgen (2.78%). Growth Drivers in the Healthcare Sector As the health care sector continues to grow, these companies are well-positioned to benefit from increased consumer spending. The growth history in this sector has been driven by several factors, including a rise in chronic diseases, an aging population, and advancing medical technology. Total spending on health care rose from 16% of GDP in 2007 to an estimated 18% in 2023. Simultaneously, the total GDP has risen nearly 70% in that time, from 14.47 trillion in 2007 to 25.5 trillion in 2022. Investing in XLV offers a diversified way to capture steady consumer spending on health care. By investing in the health care market in a broad way, the ups and downs of a particular big name in the sector are mitigated by the exposure to other healthcare companies. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Holdings, Weightings & Assets as of 3/31/24 subject to change DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007449 EXP 5/31/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

April 22, 2024 05:00 AM Eastern Daylight Time

Article thumbnail News Release

Elsevier Appoints Dr Kieran West MBE as Executive Vice President of Strategy

Elsevier

Elsevier, a global leader in scientific information and analytics, announced today the appointment of Dr Kieran West MBE as Executive Vice President of Strategy, effective immediately. As an established senior executive with a track record of driving transformation and growth, Kieran joins Elsevier with extensive experience in healthcare, retail, consumer goods, and pharmaceuticals across international markets. Most recently, he served as Strategy Director at Bupa Global and UK, a leading healthcare provider and insurer, where he was instrumental in shaping the company's strategic direction. Prior to his time at Bupa, he served as an Associate Partner at McKinsey, where he advised both domestic and global companies on achieving commercial success. He previously taught mathematics at King’s College School, UK. His academic achievements include a PhD in History from the University of Cambridge, an MA in War Studies from King’s College London, and a PGCE degree in Mathematics. Kieran is also a world champion rower and Olympic gold-medallist, having won in the Men’s Eights in the 2000 Sydney Olympics. Kumsal Bayazit, CEO of Elsevier, said: “I am thrilled to welcome Kieran to Elsevier and look forward to the contribution that he will make with his strong strategic and operational experience, and his understanding of the healthcare, life sciences and academic communities. He is also passionate about developing individuals and delivering as a team, which is very much aligned with our values as an organization.” Kieran joins Elsevier’s Executive Leadership Team and will work across all areas of the company to develop and drive global strategic plans, including business development initiatives. He will be based in London. About Elsevier As a global leader in scientific information and analytics, Elsevier helps researchers and healthcare professionals advance science and improve health outcomes for the benefit of society. We do this by facilitating insights and critical decision-making with innovative solutions based on trusted, evidence-based content and advanced AI-enabled digital technologies. We have supported the work of our research and healthcare communities for more than 140 years. Our 9,500 employees around the world, including 2,500 technologists, are dedicated to supporting researchers, librarians, academic leaders, funders, governments, R&D-intensive companies, doctors, nurses, future healthcare professionals and educators in their critical work. Our 2,900 scientific journals and iconic reference books include the foremost titles in their fields, including Cell Press, The Lancet and Gray’s Anatomy. Together with the Elsevier Foundation, we work in partnership with the communities we serve to advance inclusion and diversity in science, research and healthcare in developing countries and around the world. Elsevier is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. For more information on our work, digital solutions and content, visit www.elsevier.com. Contact Details Dan DiPietro-James +1 323-252-0645 Dan.james@elsevier.com

April 22, 2024 04:00 AM Eastern Daylight Time

Article thumbnail News Release

Labyrinth Resources renews focus on Comet Vale project in Australia as Canadian sale progresses

Labyrinth Resources Ltd

Labyrinth Resources Ltd (ASX:LRL) CEO Jennifer Neild, highlights the company’s current operational strategy and future prospects in an interview with Proactive's Stephen Gunnion. ASX-listed Labyrinth Resources manages two mining assets: the Labyrinth mine in Canada and the Comet Vale mine in Western Australia. The Canadian site, notable for its 500,000-ounce gold resource at an average of five grammes per tonne, is being sold, which will add approximately A$5.3 million (US$3.5 million) to the company’s finances. This sale will enable further exploration at Comet Vale, which ceased mining in 2020 but shows promise for substantial gold deposits, indicated by previous exploration results and historical mining activity. The sale proceeds will fund exploration activities aimed at expanding and extending the known resources at Comet Vale, particularly given the high gold prices and the favourable exchange rate impacting Australian dollars. Neild also discussed the company's transition from mining to exploration, focusing on potential new sites and high-grade ore opportunities in both open-pit and underground contexts. Investors can expect more consistent news flow in the future, with immediate updates likely as the sale concludes and exploration initiatives commence. Neild emphasised the geological potential of the area, citing recent assessments and historical data supporting the likelihood of significant gold presence. Contact Details Proactive Australia Pty Ltd Proactive Australia Pty Ltd +61 431 597 771 writers.australia@proactiveinvestors.com

April 21, 2024 07:00 PM Eastern Daylight Time

Video
Article thumbnail News Release

Artemis Resources expands gold exploration in West Pilbara amid favorable market conditions

Artemis Resources Ltd

Artemis Resources Ltd (ASX:ARV, AIM:ARV, OTCQB:ARTTF) executive director George Ventouras tells Proactive's Stephen Gunnion that a review of the company's Karratha Gold Precinct coincides perfectly with the recent rally in the gold price to record levels. The Karratha Gold Precinct in the West Pilbara region includes the discovery of a significant resource at the Carlow tenement, which boasts over 700,000-ounce equivalents of high-grade gold. Ventouras highlighted the identification of additional prospects that could either extend the Carlow tenement or represent separate mineralized events. Ventouras emphasized the strategic timing of these developments, coinciding with high gold prices and a weaker Australian dollar, which benefits local explorers like Artemis. The company is currently focusing on gold, despite previous successes in lithium exploration, citing the proximity of their projects to other major deposits and the geological potential of the West Pilbara area. Upcoming plans include seeking heritage clearances for further drilling at the Lulu Creek prospect and conducting ground reconnaissance on other prospects. Ventouras expressed optimism about the sustained high gold prices and the potential for increasing company valuations due to the strategic location and prospective nature of the company's projects. Contact Details Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

April 21, 2024 07:00 PM Eastern Daylight Time

Video
Article thumbnail News Release

Riversgold's David Lenigas discusses potential for Northern Zone gold project amid rising gold price

Riversgold Ltd

Riversgold Ltd chairman David Lenigas discusses the potential and progress of the company's Northern Zone gold project with Proactive's Stephen Gunnion, highlighting the current favourable conditions due to rising gold prices, with expectations that the price could reach approximately A$4,000 an ounce in the near future. Lenigas detailed the exploration target of 2.8 to 4.5 million ounces of gold, situated near Kalgoorlie, a major mining area. He likened the project to Saturn Metals’ Apollo Hills project, with similar geological features and promising metallurgy showing 92% recovery rates. Steps towards building JORC-compliant mineral resource estimates were outlined, including continued drilling to verify the geological model, which has so far proven successful up to 450 metres in depth. Lenigas noted a significant increase in central bank gold purchases as a key driver of the current gold price surge, which he believes will eventually lead to a revaluation of junior gold companies. Contact Details Proactive Australia Pty Ltd Proactive Australia Pty Ltd +61 431 597 771 writers.australia@proactiveinvestors.com

April 21, 2024 07:00 PM Eastern Daylight Time

Video
Article thumbnail News Release

The Bitcoin Halving Complete! Investors are Lining Up to Buy Bitcoin, Ethereum, and New Crypto Raboo

Total Media

The Bitcoin halving was the recent trending crypto market news, which was concluded over the weekend. What does this mean for Bitcoin (BTC) and Ethereum (ETH), and also, what impact will the Bitcoin halving have on altcoins like Raboo (RABT), currently in presale at a price of just $0.0036? Bitcoin (BTC): Halving supply shock could see prices skyrocket The Bitcoin halving happens every four years and has traditionally triggered big shifts in the crypto market. This occurrence reduces the reward for mining new blocks by half, slowing the rate at which new Bitcoins (BTC) are created and distributed into circulation. The halving is intended to reduce inflation and preserve the cryptocurrency's value over time. Previous halving events suggest a pattern of bullish behavior in the months after a halving. The market has frequently shown significant value growth following the halving, which can be attributed to a scarcity shock. These cycles stimulate speculative trading and investor interest, resulting in greater market activity and price volatility. Each cycle generates a surge of media attention and analysis, influencing both experienced and new market participants. Ethereum (ETH): A reaction to Bitcoin halving cycles Ethereum (ETH) faces indirect consequences during Bitcoin halving events due to increased market interest and investment in cryptocurrencies. Typically, Ethereum benefits from the increased crypto market news exposure, resulting in favorable results. Traders and investors frequently regard Ethereum as a companion asset to Bitcoin, which may also gain in value during these periods. The increased speculative trading affects Ethereum as well, adding to price volatility. However, Ethereum's reaction is impacted not only by Bitcoin's movements but also by its own advancements and larger market conditions. This interconnection highlights the complexities of Ethereum's activity in the cryptocurrency ecosystem amid Bitcoin's critical halving events. Raboo (RABT): Stability through ICOs amidst Bitcoin halving volatility Raboo (RABT) is a newcomer to the cryptocurrency industry, strategically releasing its Initial Coin Offering (ICO) during a period of heightened crypto market news attention focused on the upcoming Bitcoin halving. Unlike existing cryptocurrencies, which may see major price fluctuation during such halving times, ICOs such as Raboo's offer smooth sailing! This is because ICOs are driven mostly by the project's potential and investor enthusiasm, rather than market factors related to mining dynamics. Raboo's focus on developing its unique AI-driven meme platform presents a compelling opportunity for investors looking for new ventures less affected by the fluctuations associated with the Bitcoin halving. This potentially offers a more stable path in the often-turbulent crypto market. Conclusion The crypto market news has been heavily dominated by the Bitcoin halving, which took place over the weekend. Along with violent volatility, flash crashes, and widespread speculation, it is difficult to know exactly what to do, though history shows that Bitcoin (BTC) and Ethereum (ETH) both increased in value after the halving. Hedging against volatility during this time is a great investment move, which is why structured investments like the Raboo presale are the way to go. The presale has already raised an incredible $850K in just three weeks and is set to return 233% at its conclusion. You can participate in the Raboo presale here. Contact Details Total Media Solutions media@Totalsolutionspr.io

April 21, 2024 06:47 PM Eastern Daylight Time

Article thumbnail News Release

Thinking Crypto Podcast’s Founder Announces the Release of a New Book

Rev Up Marketers

The host of the Thinking Crypto Podcast has announced the release of his book, "(Re)Thinking Crypto, The Crash of FTX and the Rise of Safer, Stronger Digital Assets." This insightful publication, available in both print and digital formats, delves into the world of cryptocurrency investing with nine crucial tips for digital investing literacy. In his new book, expert Tony Edward unpacks the world of cryptocurrency investments. Edward dives deep into the potential benefits, risks, and overall impact of crypto on the financial landscape. He also tackles the growing regulatory challenges surrounding crypto, which are becoming more complex as new exchanges enter the market. In his words, Tony Edward, The host of the Thinking Crypto Podcast, stated "I wrote '(Re)Thinking Crypto' to empower individuals with a deeper understanding of this transformative technology. From discussions on Bitcoin ETFs, tokenization, and CBDCs to examining the fallout of the FTX incident, readers will explore the future of crypto in an engaging and informative manner." Indeed, Edward's analysis extends beyond the surface, delving into the ethical dimensions of crypto, particularly in light of incidents like the FTX crash. He draws parallels between the actions of certain bad actors within the industry and the infamous Bernie Madoff, underscoring the importance of upholding the ethos of crypto. "(Re)Thinking Crypto, The Crash of FTX and the Rise of Safer, Stronger Digital Assets" expects itself to be a fundamental work for both seasoned investors and newcomers alike, offering a roadmap to navigate the complexities of the digital asset landscape. For more information visit https://www.thinkingcrypto.com/ Contact Details Thinking Crypto Podcast Tony Edward hellothinkingcrypto@gmail.com Company Website https://www.thinkingcrypto.com/

April 21, 2024 01:08 PM Eastern Daylight Time

Image
Article thumbnail News Release

PEL 83 Exploration Campaign Fifth Update – Successful Conclusion of Well Testing Operations at Mopane-1X

Custos Energy

Custos Energy (Pty) Ltd. (“Custos” or the “Company”) is pleased to provide the following update regarding the ongoing exploration campaign on blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin, emerging as the one of the world’s most prospective oil and gas regions. The blocks are governed by Petroleum Exploration License 83 (“PEL 83”) which is operated by a subsidiary of Galp Energia (“Galp”) of Portugal. Custos is a 10% working interest owner in PEL 83 as is NAMCOR, the National Petroleum Corporation of Namibia. Further to previous updates provided during Q1 2024, Galp (80%, operator) together with its partners NAMCOR and Custos, has successfully completed the first phase of the Mopane exploration campaign with the conclusion of the Mopane 1X Well Testing operations. The Mopane-1X well discovered, inJanuary, significant oil columns containing light oil in high-quality reservoir sands at two different levels: AVO-1 and AVO-2. The rig then moved to the Mopane-2X well location, where in March significant light oil columns were discovered in high-quality reservoir sands across exploration and appraisal targets; AVO-3, AVO-1 and a deeper target. In particular, the Mopane-2X well found AVO-1 to be in the same pressure regime as in the Mopane-1X discovery well, around 8km to the east, confirming its lateral extension. The reservoirs log measures contain good porosities, high pressures and high permeabilities in large hydrocarbon columns. Fluid samples present very low oil viscosity and contain minimum CO2 and no H2S concentrations. The flows achieved during the well test have reached the maximum allowed limits of approximately 14 thousand barrels oil equivalent per day, positioning Mopane potentially as an important commercial discovery. In the Mopane complex alone, and before drilling additional exploration and appraisal wells, hydrocarbon in-place estimates are 10 billion barrels of oil equivalent, or higher. All acquired data from the current Mopane drilling campaign will be analyzed and integrated into an updated reservoir model. The model will serve as the basis to refine Galp´s near-term drilling plan to further explore, appraise and develop the wider Mopane complex. PEL 83 is located immediately north of PEL 39 home to Shell’s basin opening discoveries at Graff-1, La Rona-1 and Jonker-1. Additionally, it is located north and east of PEL 56 where TotalEnergies announced its giant oil discovery at Venus-1. “The successful culmination of the exploration campaign at Mopane, including a well test reaching the maximum allowable limit, further demonstrates the scope and potential of PEL 83. With the current discoveries alone containing potential in excess of 10 billion barrels of original oil in place, Mopane is one of the largest discoveries globally.” said Knowledge Katti, Chairman and Chief Executive Officer of Custos. “The success of this exploration campaign clearly demonstrates the opportunity this industry canbring to the people of Namibia, including in particular young Namibians. Custos looks forward to working with local community trusts to ensure that this progress improves livelihoods and opportunities while reducing poverty in an equitable and sustainable way. We are proud andhonored to lead these initiatives.” he added. ABOUT CUSTOS ENERGY: Custos is a Namibian independent oil and gas exploration company focused on attracting investment and expertise to the Namibian offshore industry. Founded over a decade ago by Mr. Knowledge Katti, Custos continues to develop its portfolio with international partners for the benefit of all Namibians. Contact Details Knowledge R Katti +1 475-477-9410

April 21, 2024 11:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

HTX Launches Special Edition of "Trade to Earn" as Bitcoin Halving Approaches: Trade BTC at Zero Cost and Split 100,000 USDT Daily!

HTX

Bitcoin's fourth halving event has entered the final countdown, after which mining rewards will be reduced from 6.25 BTC to 3.125 BTC per block. Due to the combined influences of expectations surrounding Bitcoin halving, the introduction of Spot Bitcoin ETFs, and the volatile international political and economic situation, it is expected to see more intense rollercoaster rides in the crypto market. To mark this historic occasion and empower investors to seize market opportunities, HTX rolls out a Bitcoin Halving Special Edition for Futures "Trade to Earn" event, which allows users to trade BTC futures at zero cost while splitting a daily prize pool of 100,000 USDT. According to HTX's official announcement, this special edition of the "Trade to Earn" event is scheduled to run from 12:00:00 (UTC) on April 19, 2024, until 11:59:59 (UTC) on April 24, 2024. Users will have the opportunity to earn rewards in $HTX by trading BTCUSDT Perpetual (including copy trading).The more trades, the greater the rewards, with a maximum of 5,000 USDT daily per user. The "Trade to Earn" event is on a daily basis. A day is defined from 12:00 (UTC) on Day T to 11:59 (UTC) on Day T+1. This special edition is divided into 5 rounds. Event rewards are calculated and updated starting on Day T+2 at 04:00 (UTC). Please claim your $HTX in time. Furthermore, the reward ratio for Maker orders is 110%, while the reward ratio for Taker orders is 105%. Users must have a Rocket count of ≥ 300 and successfully register on the event page. After registration, you'll receive a random airdrop reward ranging from 1 to 88 USDT in Futures Bonuses. Event Details: https://www.htx.com/en-us/support/54967841529848 During the event period, the platform's all fee income generated from participants trading BTCUSDT perpetual futures will be fully used for $HTX buybacks to support the stable $HTX appreciation. The repurchased $HTX will be entirely burnt, with the schedule coinciding with the quarterly burn. HTX's "Trade to Earn" event serves as an innovative model for cryptocurrency trading and empowerment, providing users with broader opportunities to engage in trading and earn profits. This model not only highlights HTX's continuous investment and support for the Bitcoin ecosystem but also demonstrates its keen insight into market dynamics and proactive adaptability to a changing environment. With Bitcoin's fourth halving event on the horizon, HTX is poised to embark on a proactive exploration of business innovation, joining forces with a broader spectrum of industry players to observe the unfolding of Bitcoin's new developmental cycle. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

April 21, 2024 04:47 AM Eastern Daylight Time

1 ... 250251252253254 ... 3752