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Year: 2024

TransUnion 2025 Consumer Credit Forecast Points to Moderating Credit Card Balance Growth and Slower Delinquency Gains

TransUnion projects delinquency expectations for major credit products during the next year CHICAGO, Dec. 11, 2024 (GLOBE NEWSWIRE) — Following four years of increases in credit card balances and delinquencies, a new TransUnion (NYSE: TRU) consumer credit forecast projects a slowdown in growth for both metrics by the end of 2025. TransUnion’s forecast also examined the state of delinquency in 2025 for auto loans, unsecured personal loans and mortgages. The forecast highlights the outlook for credit cards as this credit product is by far the most widely used in the U.S. In Q3 2024 (latest data available), there were 554.5 million active credit cards held by U.S. consumers. In the last four years alone, the number of credit cards increased by more than 100 million (451.6 million in Q3 2020). “We’ve observed widespread growth in credit...

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Winshear Gold Corp. AGM – Continuing Canadian Mail Strike and Availability of AGM Meeting and Voting Material

VANCOUVER, British Columbia, Dec. 11, 2024 (GLOBE NEWSWIRE) — Winshear Gold Corp. (the “Company”) (TSX-V: WINS) announces that in connection with the ongoing Canada Post labour strike, the notice of meeting, management information circular, annual return card and form of proxy for shareholders (the “Meeting Materials”) for the upcoming annual general meeting (the “Meeting”) of holders (the “Shareholders”) of Common shares (“Common Shares”) of the Company, can be accessed under the Company’s SEDAR+ profile on www.sedarplus.ca as posted on November 21, 2024, and through its website. The Company’s audited financial statements for March 31, 2024 are also posted on its website at that location. Registered Shareholders The Company is encouraging Registered Shareholders to access the Meeting Materials electronically and vote their Common...

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VERSES Releases Latest Version of Genius™

Powerful New Features Include High Performance Agent, Advanced Reasoning, Planning, and Explainability VANCOUVER, British Columbia, Dec. 11, 2024 (GLOBE NEWSWIRE) — VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) (“VERSES” or the “Company”), a cognitive computing company specializing in next-generation intelligent systems, announces the release of a software update of its flagship product Genius™ to its beta program participants. “Our flagship product, Genius, features a collection of tools designed for developing and deploying Genius agents, assisting machine learning practitioners—such as programmers, coders, engineers, and researchers—in tackling unprecedented AI challenges,” said Hari Thiruvengada, Ph.D., VERSES® Chief Technology Officer. “In this release, we are introducing powerful enhanced reasoning and...

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Parex Resources Announces Enhanced Strategic Partnership with Ecopetrol and Provides Operational Update

CALGARY, Alberta, Dec. 11, 2024 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) and its strategic partner Ecopetrol S.A. (“Ecopetrol”), are pleased to announce that they have executed agreements whereby Parex will earn a 50% working interest (“W.I.”) in four blocks located in the Putumayo Basin of Colombia (“Putumayo Blocks”) as well as the Farallones Block in the Llanos Foothills of Colombia (“Farallones Block”). Additionally, the Company provides an operational update and reports that it is abandoning the Arantes exploration well at LLA-122 (50% W.I.). All amounts herein are in United States Dollars (“USD”) unless otherwise stated. “The agreements announced today align with Parex’s strategy and add significant, lower-risk development & exploitation inventory, while consolidating our position...

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NANO Nuclear Energy Appoints Distinguished Engineer and Leader Michael Norato, Ph.D. as Director of Nuclear Facilities and Infrastructure

NANO Nuclear Energy IncFigure 1 – NANO Nuclear Energy Inc. Appoints Michael Norato, Ph.D., as its Director of Nuclear Facilities and Infrastructure.Appointment of Idaho National Lab and DOE veteran continues a string of high-level nuclear industry experts with deep governmental and regulatory experience joining NANO Nuclear New York, N.Y., Dec. 11, 2024 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading vertically integrated advanced nuclear energy and technology company developing portable clean nuclear energy solutions, today announced that it has appointed Michael A. Norato, Ph.D., as its Director of Nuclear Facilities and Infrastructure. Dr. Norato will oversee the construction, development and licensing of NANO Nuclear’s key facilities, including its recently...

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71% of Marketers Boost Video-Based Experience Investments Amid General Decline in Effectiveness of Marketing Channels, Kaltura Study Finds

Lead generation, knowledge sharing, content repurposing, and brand awareness are driving marketers’ shift to digital experiences as other methods see a decline in effectiveness New York, NY, Dec. 11, 2024 (GLOBE NEWSWIRE) — Kaltura (Nasdaq: KLTR), the Video Experience Cloud, today released a new report ‘The Marketing Power of Video-Based Experiences and AI in 2025’, examining the marketing power of video-based experiences, such as webinars, virtual and hybrid events, community hubs, podcasts, video web experiences, and AI ahead of 2025. The findings in the report were based on a global survey examining current marketing methodologies and the shift towards more personalized and AI-driven marketing strategies.   Marketers across the board (99%) report poor results for many long-favored digital marketing channels. Traditional...

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AXIL Brands and NASCAR Renew Product License Agreement Through 2027

LOS ANGELES, Dec. 11, 2024 (GLOBE NEWSWIRE) — AXIL Brands, Inc. (“AXIL” or the “Company”) (NYSE American: AXIL), an emerging global consumer products company for AXIL® hearing protection and enhancement products and Reviv3® hair and skin care products, announces the extension of its product licensing agreement with NASCAR through 2027. Under the terms of the agreement, AXIL will produce and sell NASCAR-branded earbuds, earmuffs, hearing devices, ear plugs, and outdoor speakers through NASCAR venues and distribution channels across the U.S., Puerto Rico, and Canada, as well as U.S. military bases worldwide. “The extension of our licensing agreement with NASCAR further strengthens our partnership with one of the most iconic names in recreation and motorsports and creates significant opportunities to introduce our products into a...

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Rafael Holdings Reports First Quarter Fiscal 2025 Financial Results

Upon completion of our proposed merger with Cyclo Therapeutics the Company intends to focus its efforts on Cyclo’s lead clinical program Trappsol® Cyclo™ NEWARK, N.J., Dec. 11, 2024 (GLOBE NEWSWIRE) — Rafael Holdings, Inc. (NYSE: RFL), today reported its financial results for the first quarter of fiscal year 2025 ended October 31, 2024. “We anticipate proceeding to a shareholder vote on our pending merger agreement with Cyclo Therapeutics, Inc. (Nasdaq: CYTH) in the first calendar quarter of 2025 and closing promptly post shareholder approvals. Upon closing of the merger, the Company intends to focus its strategic efforts and resources on what will then be the Company’s lead clinical program and core asset, Trappsol® Cyclo™. Accordingly, we are currently evaluating our other operating entities and portfolio of assets,”...

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Bread Financial Provides Performance Update for November 2024

COLUMBUS, Ohio, Dec. 11, 2024 (GLOBE NEWSWIRE) — Bread Financial® Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, provided a performance update. The following tables present the Company’s net loss rate and delinquency rate for the periods indicated.  For themonth endedNovember 30, 2024   For themonth endedNovember 30, 2023  (dollars in millions)End-of-period credit card and other loans $ 18,143     $ 18,780  Average credit card and other loans (1) $ 17,947     $ 18,200  Year-over-year change in average credit card and other loans (1)   (1 %)     (8 %)Net principal losses (2) $ 118     $ 120  Net loss rate (1)(2)   8.0 %     7.9 %  As ofNovember 30, 2024   As ofNovember 30, 2023  (dollars in millions)30...

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Conversational Systems Market to Witness 28% CAGR by 2031 | SkyQuest Technology

Westford USA, Dec. 11, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that Conversational Systems Market size will attain the value of USD 121.1 Billion by 2031, with a CAGR of 28% during the forecast period (2024-2031). The conversation systems market is a rapidly growing segment in the broader field of artificial intelligence and technology-enabled communication. Typically, natural language processing (NLP) and machine learning enable these systems to create interactive and human conversations between computers and users. Several applications are also found in customer support, virtual assistants, chatbots, and language translation services. Several factors have promote growth of the global conversation systems market. First, companies are increasingly leveraging conversational platforms to enhance customer experience, facilitate...

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