Core

Consolidated Lithium Announces Vallée JV Intersects 1.04% Li2O over 7.15 m

Retrieved on: 
Thursday, February 15, 2024

The 2023 summer drilling program succeeded at tracing lithium-bearing pegmatite mineralization associated with the adjacent NAL operating lithium mine across the entire width of the Vallée JV property (the “JV Property”) from northwest to southeast (see Figure 2).

Key Points: 
  • The 2023 summer drilling program succeeded at tracing lithium-bearing pegmatite mineralization associated with the adjacent NAL operating lithium mine across the entire width of the Vallée JV property (the “JV Property”) from northwest to southeast (see Figure 2).
  • The 2023 program extended the Core Pegmatite 700 m to the southeast from the area defined by CLM’s 2021 and 2022 drilling programs.
  • The Company’s East Vallée project is located immediately adjacent to the JV Property (see Figures 2 and 3).
  • The East Vallée project overlies an additional 5 km of the Vallée Lithium Trend that has never been drill-tested for lithium (see Figure 2).

Custom State Curriculum Finds A Home With Kiddom: Louisiana's New K-8 Social Studies Solution, Bayou Bridges

Retrieved on: 
Thursday, February 15, 2024

Core Knowledge Foundation, best known for authoring trusted open educational resources such as Core Knowledge Language Arts (CKLA), worked directly with the Louisiana Department of Education to develop Bayou Bridges .

Key Points: 
  • Core Knowledge Foundation, best known for authoring trusted open educational resources such as Core Knowledge Language Arts (CKLA), worked directly with the Louisiana Department of Education to develop Bayou Bridges .
  • The curriculum is aligned to the Louisiana Student Standards for Social Studies and based on the science of reading to advance proficiency by building explicit content knowledge and disciplinary literacy skills.
  • Schools across Louisiana are implementing Bayou Bridges in the 2024-25 school year and will now be able to access an enhanced version that eases implementation of this high-quality curriculum through a Kiddom subscription.
  • "Kiddom is honored to offer a rich teaching and learning environment for Bayou Bridges, a highly anticipated state-specific curriculum," said Abbas Manjee, Kiddom's Co-Founder and Chief Academic Officer.

Core Molding Technologies Announces Timing of Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Thursday, February 15, 2024

COLUMBUS, Ohio, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, utilities, transportation and powersports industries across North America, today announces that it will release its fourth quarter and fiscal year 2023 results on Tuesday, March 12, 2024, before the market opens.

Key Points: 
  • COLUMBUS, Ohio, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American: CMT) (“Core Molding”, “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, utilities, transportation and powersports industries across North America, today announces that it will release its fourth quarter and fiscal year 2023 results on Tuesday, March 12, 2024, before the market opens.
  • In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the internet the same day at 10:00am Eastern.
  • Dial 1-844-881-0134 at least 10 minutes before the call and ask to join the Core Molding Technologies call.
  • Connect to the webcast via the Events and Presentations page of Core Molding’s Investor Relations website at www.coremt.com/investor-relations/events-presentations/ .

CBRE Group, Inc. Reports Financial Results for Q4 and Full Year 2023

Retrieved on: 
Thursday, February 15, 2024

Global development operating profit (9) totaled $27.0 million, compared with a U.K.-driven loss in last year’s fourth quarter.

Key Points: 
  • Global development operating profit (9) totaled $27.0 million, compared with a U.K.-driven loss in last year’s fourth quarter.
  • The in-process portfolio ended 2023 at $15.8 billion, up $0.4 billion from third-quarter 2023.
  • Operating profit surged 76% (72% local currency) to $41.7 million, reflecting the higher incentive fees and recurring asset management fees.
  • There was approximately $1.5 billion of capacity remaining under the company’s authorized stock repurchase program as of year-end 2023.

Measuring market-based core inflation expectations

Retrieved on: 
Thursday, February 15, 2024

Abstract

Key Points: 
    • Abstract
      We build a novel term structure model for pricing synthetic euro area core inflation-linked
      swaps, a hypothetical swap contract indexed to core inflation.
    • The model provides estimates of market-based expectations for core inflation, as
      well as core inflation risk premia, at daily frequency, whereas core inflation expectations from
      surveys or macroeconomic projections are typically only available monthly or quarterly.
    • We
      find that core inflation-linked swap rates are generally less volatile than headline inflationlinked swap rates and that market participants expected core inflation to be substantially
      more persistent than headline inflation following the 2022 energy price spike.
    • In this paper, we aim to infer market-based core inflation expectations, which are otherwise
      not directly observable because no financial asset directly tied to core inflation exists.
    • We deem this second assumption reasonable because HICP inflation itself is a linear combination
      of core as well as energy and food inflation.
    • The level of 2 percent and relatively low volatility of
      long-term inflation expectations suggests that inflation expectations are firmly anchored at the
      ECB?s 2 percent inflation target.
    • This assumption appears reasonably uncontroversial,
      as core inflation is a sub-component of headline inflation, which the observable headline ILS
      rates are tied to.
    • Our estimates of core ILS rates reflect both market participants? genuine core
      inflation expectations and a core inflation risk premium, but our model explicitly allows for
      this decomposition.
    • The model-implied estimates of core ILS rates appear reasonable along several dimensions:
      (i) like realized core inflation is less volatile than headline inflation, the core ILS rates are less
      volatile than headline ILS rates, (ii) core ILS rates comove less with oil prices than headline
      ILS rates, (iii) the core inflation expectations, as reflected in core ILS rates, typically evolve
      similarly as the core inflation projections by Eurosystem staff, and (iv) consistent with market
      commentary at the time, core ILS rates suggest that market participants expected core inflation
      to be substantially more persistent than headline inflation following the 2022 energy price spike.
    • To the best of our knowledge, we are the first to price core ILS rates and decompose them into
      market-based expectations for and risks around the core inflation outlook.
    • Our approach to inferring core ILS
      rates from headline ILS rates, realized headline and core inflation as well as survey expectations
      for headline and core inflation is also related to Ang et al.
    • Relative
      to their study, we separately measure core inflation expectations and risk premia, we provide
      core inflation expectations at a higher-frequency, and we provide evidence on the causal effects

      ECB Working Paper Series No 2908

      6

      of monetary policy shocks on core inflation expectations and risk premia.

    • Specifically, we decompose the synthetic core ILS rates
      into average expected core inflation over the lifetime of the swap contract and a core inflation
      risk premium that compensates investors for core inflation risk.
    • In
      our model below, this term is constant over time and relatively small, so we will simply refer
      to the core inflation risk premium as the difference between the core ILS rate and the average
      expected core inflation over the lifetime of the swap contract.
    • 3.2

      Core ILS rates

      To have a joint model for headline and core ILS rates, we need one further assumption on the
      dynamics of realized core inflation.

    • The assumption that core inflation is driven by the same set of factors as headline inflation
      should be relatively uncontroversial: since headline inflation is a weighted average of core and
      food and energy inflation, it should reflect any factors driving core inflation.
    • If there are factors
      driving food and energy inflation, which do not show up in core inflation, then those factors
      should still show up in headline inflation.
    • In step two, to be able to infer the factor
      loadings of core inflation, we would regress realized core inflation onto the estimated latent
      factors to identify the additional parameters in equation (12).
    • Before the fourth
      quarter of 2016, the SPF did not ask respondents for their core inflation expectations, so we
      are not able to use survey-based information about core inflation before then.
    • Before
      2016, the fitted core inflation series is somewhat above the realized one, potentially reflecting
      that the model has limited information about core inflation over this early period due to the
      lack of information about core inflation from surveys.
    • This could have been the
      case if one of the factors moved core inflation and energy and food inflation in exactly offsetting
      direction, so the overall impact on headline inflation was exactly zero.
    • During 2021, for example, there were

      ECB Working Paper Series No 2908

      25

      Figure 7: Decomposition of synthetic core ILS rates
      2y core ILS

      5y core ILS

      5
      4

      5
      ILS

      premia

      exp

      4

      ILS

      premia

      exp

      3

      3

      2

      2

      1

      1

      0

      0

      -1

      -1

      -2
      2017 2018 2019 2020 2021 2022 2023

      -2
      2017 2018 2019 2020 2021 2022 2023

      10y core ILS

      5y5y core ILS

      5
      4

      5
      ILS

      premia

      exp

      4

      ILS

      premia

      exp

      3

      3

      2

      2

      1

      1

      0

      0

      -1

      -1

      -2
      2017 2018 2019 2020 2021 2022 2023

      -2
      2017 2018 2019 2020 2021 2022 2023

      Note: Synthetic core ILS rates decomposed into genuine core inflation expectations and core inflation risk
      premia.

    • ECB Working Paper Series No 2908

      26

      Figure 8: Decomposition of ILS rates
      2y ILS

      5y ILS

      5
      4

      5
      ILS

      premia

      exp

      4

      3

      3

      2

      2

      1

      1

      0

      0

      -1

      -1

      -2
      2006

      2010

      2014

      2018

      2022

      -2
      2006

      ILS

      2010

      10y ILS

      2018

      2022

      5
      ILS

      premia

      exp

      4

      3

      3

      2

      2

      1

      1

      0

      0

      -1

      -1

      -2
      2006

      2014

      exp

      5y5y ILS

      5
      4

      premia

      2010

      2014

      2018

      2022

      -2
      2006

      ILS

      2010

      premia

      2014

      2018

      exp

      2022

      Note: ILS rates decomposed into genuine core inflation expectations and core inflation risk premia.

    • We find that the headline inflation risk premium
      indeed does responds more strongly than the core inflation risk premium.
    • The key
      assumption underlying our approach is that traded headline ILS rates span core inflation, which

      ECB Working Paper Series No 2908

      35

      should be reasonably uncontroversial as core inflation is a sub-component of headline inflation.

    • We fit the model to euro area headline ILS rates, realized headline and core inflation, and
      both headline and core inflation expectations reported in the SPF.
    • Decomposing our core ILS rates into genuine core inflation expectations and core
      inflation risk premia shows that shorter maturities mainly reflect core inflation expectations,
      while the core inflation risk premium matters relatively more for longer maturities.
    • Our results suggest that a monetary policy tightening surprise significantly lowers
      near-term core inflation expectations, although less so than it lowers headline inflation expectations.

Invitation Homes Reports Fourth Quarter 2023 and Full Year 2023 Results

Retrieved on: 
Tuesday, February 13, 2024

Acquisitions for Q4 2023 totaled 460 homes for $159 million through the Company's various acquisition channels.

Key Points: 
  • Acquisitions for Q4 2023 totaled 460 homes for $159 million through the Company's various acquisition channels.
  • This included 251 wholly owned homes for $88 million in addition to 209 homes for $71 million in the Company's joint ventures.
  • In FY 2023, the Company acquired 3,221 homes for $1,168 million, including 2,877 wholly owned homes for $1,054 million and 344 homes for $114 million in the Company's joint ventures.
  • The company also sold 1,489 homes for $547 million, including 1,423 wholly owned homes for $517 million and 66 homes for $30 million in the Company's joint ventures.

HEI Reports 2023 Results

Retrieved on: 
Tuesday, February 13, 2024

“Our core businesses delivered solid results under challenging circumstances, and both the utility and bank remain focused on supporting our communities and customers.

Key Points: 
  • “Our core businesses delivered solid results under challenging circumstances, and both the utility and bank remain focused on supporting our communities and customers.
  • Excluding incremental after-tax Maui windstorm and wildfire-related expenses, Hawaiian Electric’s core net income3 for 2023 was $195.1 million.
  • For the fourth quarter 2023, return on average equity was 2.7%, compared to 15.7% in the fourth quarter of 2022.
  • HEI will conduct a webcast and conference call to review its fourth quarter and full year 2023 consolidated financial results today at 11:30 a.m. Hawaii time (4:30 p.m. Eastern).

Alzheimer's Research & Therapy: Linus Health Digital Clock and Recall Test Detects Early Cognitive Impairment in Over 80% of Patients Who Were Misclassified in Commonly Used Paper-Based Test

Retrieved on: 
Tuesday, February 13, 2024

BOSTON, Feb. 13, 2024 /PRNewswire/ -- A proprietary cognitive assessment from Linus Health, a digital health company focused on enabling early detection of Alzheimer's and other dementias, outperforms the most commonly used paper-based assessment in detecting early mild cognitive impairment and dementia and with less ethnic and racial bias, according to a peer-reviewed study recently published in the prestigious medical journal Alzheimer's Research & Therapy.

Key Points: 
  • The body of research confirms the most recent findings that the DCR outperforms a commonly used traditional cognitive test, the MMSE, in detecting early signs of cognitive impairment, and is more accurate overall in classifying mild cognitive impairment and mild dementia.
  • More than 80% of Americans are unfamiliar with mild cognitive impairment, which can be an early stage of Alzheimer's Disease, according to the Alzheimer's Association.
  • Symptoms are also not always noticeable, leading to delayed screenings and potentially greater risk to patients' brain health.
  • In contrast, the DCR was able to detect cognitive impairment in more than 80% of those the MMSE misclassified.

Doubleview Drilling Continues to Extend the "Gold Rich Zone" Within the South Lisle Zone

Retrieved on: 
Monday, February 12, 2024

The 2023 program of drilling explored and confirmed southern and southwestern continuations of the Lisle zone of porphyry-style mineralization and showed strong metal values and broad dimensions, as well as a previously unrevealed area of high gold and cobalt values.

Key Points: 
  • The 2023 program of drilling explored and confirmed southern and southwestern continuations of the Lisle zone of porphyry-style mineralization and showed strong metal values and broad dimensions, as well as a previously unrevealed area of high gold and cobalt values.
  • Assay data from an additional five drill holes will be released as soon as it has been confirmed.
  • All of Doubleview's core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.
  • He is not independent of Doubleview as he is a shareholder in the company.

Core BTS Recognized on CRN's MSP 500 List for Seventh Time

Retrieved on: 
Monday, February 12, 2024

INDIANAPOLIS, Feb. 12, 2024 /PRNewswire/ -- Core BTS, a full-service digital transformation consulting firm, announced today that CRN®, a brand of The Channel Company, has named Core BTS to its Managed Service Provider (MSP) 500 list in the Security 100 category for 2024, the seventh year of Core BTS inclusion on this list.

Key Points: 
  • INDIANAPOLIS, Feb. 12, 2024 /PRNewswire/ -- Core BTS, a full-service digital transformation consulting firm, announced today that CRN®, a brand of The Channel Company, has named Core BTS to its Managed Service Provider (MSP) 500 list in the Security 100 category for 2024, the seventh year of Core BTS inclusion on this list.
  • The MSP 500 list compiled by CRN serves as a comprehensive guide to identifying and recognizing the top Managed Service Providers (MSPs) in North America.
  • The MSP 500 list aims to showcase and celebrate MSPs that are driving growth and innovation in the industry.
  • "Core BTS is proud to be recognized in the Security 100 category of the CRN MSP 500 list, as it is a testament to our commitment to providing innovative, transformative solutions to our clients," said Kevin Thimjon, Chief Executive Officer, Core BTS.