Business Daily News
By Business Daily | Apr 3, 2024
Sean Thompson, Vice President of Information Technology at the fast-casual franchise Freddy's Frozen Custard & Steakburgers, praised the AI application Olive as a valuable tool for managing restaurant operations. He stated that Olive offers the "best solution" in navigating "the chaos" of such tasks. Thompson made this statement to Business Daily on March 21.
By Business Daily | Apr 3, 2024
Montreal - Morgan Stanley hosted the 2024 Montreal Code to Give Hackathon, where university students developed innovative technology solutions for nonprofits Le Chaînon and the Quebec Coalition of Orphan Diseases. The winning projects will now be further developed by Morgan Stanley technologists through the Technology Changemakers program.Madeline Hutchinson, Global Head of Technology Philanthropy at Morgan Stanley, expressed excitement about the prototypes developed during the hackathon. She stated, "Code to Give provides the next generation of technologists with a...
Cleveland Guardians and Progressive Insurance Extend Naming Rights To Progressive Field Through 2036
By Business Daily | Apr 3, 2024
Cleveland, OH – The Cleveland Guardians and Progressive Insurance have reached a new agreement, extending Progressive's naming rights of Progressive Field as the home of Cleveland Guardians baseball through the 2036 season. The deal was announced today, solidifying a 29-year commitment between the two entities.Tricia Griffith, CEO of Progressive, expressed the company's pride in the partnership, stating, "In 2008, we became the proud naming rights partner of Cleveland baseball and for the last 16 years Progressive Field has been part of the fabric of the Cleveland...
By Business Daily | Apr 3, 2024
Montreal - Morgan Stanley has announced the winning projects of the 2024 Code to Engage hackathon benefiting Le Chaînon and the Regroupement québécois des maladies orphelines (RQMO).Over 120 university students participated in the hackathon to develop innovative technological solutions aimed at addressing the urgent challenges faced by organizations on a daily basis. The technologists at Morgan Stanley will now transform the prototypes presented by the students into final products for these organizations as part of the firm's Technology Changemakers program."Code to...
By Business Daily | Apr 3, 2024
The visit of Administrator Isabel Casillas Guzman to Baltimore on April 4 is set to address the economic impact of the Francis Scott Key Bridge collapse on small businesses. Guzman, representing the U.S. Small Business Administration (SBA), will be joined by key figures such as U.S. Senator Ben Cardin, Congressman Kweisi Mfume, and Mayor Brandon Scott for discussions and tours aimed at highlighting federal resources available for affected businesses.Guzman will engage in a closed-press roundtable with Senator Cardin, Rep. Mfume, and Mayor Scott to listen to the challenges...
By Business Daily | Apr 3, 2024
NORTHBROOK, Ill., April 3, 2024 – The Allstate Corporation (NYSE: ALL) has announced that they will be hosting a conference call and webcast on Thursday, May 2, 2024, at 9 a.m. Eastern to discuss their first quarter 2024 earnings.In a statement, The Allstate Corporation stated, "The Allstate Corporation (NYSE: ALL) will host a conference call and webcast at 9 a.m. Eastern on Thursday, May 2, 2024, to discuss first quarter 2024 earnings."The company also informed investors that they plan to file a current report on Form 8-K with the Securities and Exchange Commission,...
By Business Daily | Apr 2, 2024
Nationwide has launched new educational materials to enhance financial understanding for families during Financial Literacy Month in April. According to Amelia Dunlap, vice president of Marketing for Nationwide Retirement Solutions, one of the key challenges many Americans face is getting started with saving for retirement.Dunlap emphasized the importance of early financial education, stating, "Understanding the basics of money management, budgeting, investing, and retirement planning is a critical life skill." Nationwide's initiative includes a financial knowledge quiz,...
By Business Daily | Apr 2, 2024
State Farm's Ting fire safety program is expanding to offer more than 2 million smart sensors for free to eligible customers. This initiative is part of State Farm's commitment to promoting safer homes and communities by preventing electrical fires.Chris Schell, Executive Vice President & Chief Operating Officer of State Farm, emphasized the company's dedication to customer safety, stating, "Putting customers first and being a good neighbor is at the heart of the State Farm mission. Ting is part of our ongoing commitment to prevent losses and protect more people in more...
By Business Daily | Apr 2, 2024
New data from Nationwide has highlighted concerning trends regarding distracted driving among both standard and commercial drivers. According to a recent driving behaviors survey, one-third of commercial drivers admit to feeling distracted behind the wheel, with 6 in 10 acknowledging that their peers are using their phones more frequently and driving faster than before.The primary causes of distraction for commercial drivers include using GPS/Nav systems, responding to work text messages, talking on mobile phones, and checking social media apps. Many of these actions are...
By Business Daily | Apr 2, 2024
Morgan Stanley Capital Partners has announced the acquisition of Resource Innovations, a leading tech-enabled services company focusing on energy efficiency and sustainability. The acquisition involved MSCP acquiring a controlling interest in the company from BV Investment Partners and other shareholders. Founder Lauren Casentini will continue to lead Resource Innovations as the Chief Executive Officer.Resource Innovations, headquartered in the San Francisco Bay Area, provides advisory services, program management services, and software to utility, government, and...
By Business Daily | Apr 1, 2024
E*TRADE from Morgan Stanley today released the data from its monthly sector rotation study, based on the E*TRADE customer notional net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors.The study provides valuable insights into the market trends, as highlighted by E*TRADE from Morgan Stanley. The company's analysis reveals significant information about the sector rotation dynamics, offering a glimpse into the behavior of investors within the S&P 500 sectors.As stated by E*TRADE from Morgan Stanley, "The material provided by E*TRADE Securities LLC...
By Business Daily | Apr 1, 2024
Millions of Americans are eagerly anticipating the upcoming solar eclipse on April 8, a celestial event that is expected to captivate viewers across the country. With businesses located along the path of totality gearing up for potential opportunities and challenges, experts are advising proactive measures to ensure a smooth operation during this unique event.Mark McGhiey, Nationwide’s leader of Commercial Lines Loss Control Services, emphasized the importance of preparation for business owners. McGhiey stated, "There are several steps a business owner should be taking to...
By Business Daily | Apr 1, 2024
Morgan Stanley Investment Management (“MSIM”), through investment funds managed by Morgan Stanley Infrastructure Partners (“MSIP”), has announced an investment in The Pasha Group to support infrastructure investment in the Hawaii trade. Daniel Sailors, Managing Director for MSIP, expressed excitement about the partnership, stating, “We believe Pasha provides a critical and recurring service to the people of Hawaii and we welcome the opportunity to continue to be a capital partner to the Company going forward.”The Pasha Group, a family-owned maritime transportation...
By Business Daily | Mar 30, 2024
Morgan Stanley Investment Management has announced that Fetch, a rewards app, has secured $50 million in debt financing from investment funds managed by Morgan Stanley Private Credit. The funding is intended to facilitate Fetch's expansion plans as it seeks to broaden its business operations.
By Business Daily | Mar 29, 2024
Wells Fargo has entered into a partnership with ICON, an advanced construction technologies company, to support a global architecture competition focused on affordable housing. The Wells Fargo Foundation has pledged $500,000 in grants to Mobile Loaves & Fishes, a non-profit organization based in Austin.
By Business Daily | Mar 28, 2024
WASHINGTON, D.C. (March 28, 2024)—After an early spring surge, the national average for a gallon of gas spent the past week drifting up and down by a fraction of a cent before settling a penny higher at $3.53. But the break may be temporary, as gas pump prices will likely resume a spring increase."Uncertainty of the impact of Ukraine’s targeting of Russia’s oil infrastructure likely spiked oil prices recently," said Andrew Gross, AAA spokesperson. "But those concerns have abated somewhat for now, and gas prices are settling into a pattern similar to last year when the...
By Business Daily | Mar 27, 2024
CME Group has announced that open interest in copper options has surpassed 200,000 contracts, marking a significant milestone after several consecutive daily records. The top five open-interest Copper option (HX) records have been established.
By Business Daily | Mar 27, 2024
Students from Thomas Metcalf School recently put their science skills to the test at the State Farm® Technology Research and Innovation Laboratory in Bloomington, IL. They faced the challenge of determining whether their student-built roofs could withstand the State Farm Hail Simulator, a machine designed to replicate the impact of hail. Doug Dewey, Senior Research Analyst at State Farm, expressed his gratitude for working with the students and commended their passion for physics and science.Laurel Straub, Assistant Vice President of Enterprise Research at State Farm,...
By Business Daily | Mar 27, 2024
A recent study conducted by the Nationwide Retirement Institute® (NRI) has shed light on the retirement concerns faced by women in the workplace. According to the research, one in four women feel they’re “on the wrong track” for retirement, compared to 15% of men. The study also found that 41% of women hold a negative or neutral outlook on their retirement planning, in contrast to just 29% of men.Cathy Marasco, leader of Protected Retirement for Nationwide Retirement Solutions, highlighted the challenges faced by women in retirement planning, stating, “Women are actively...
Medfluence Advisors wins Gold Viddy Award with 'The Pronunciation' Healthcare Marketing Video Series
By Business Daily | Mar 26, 2024
Medfluence Advisors was honored with a 2023 gold Viddy Award for their video series "The Pronunciation." Garnering over 7.2 million views on YouTube, this campaign exemplifies the company's forward-thinking strategy in healthcare marketing.