ICE

iCIMS Appoints Joseph Benjamin as Chief Technology Officer and Eric Connors as Chief Product Officer

Retrieved on: 
Thursday, May 9, 2024
Organization, CoreLogic, Acceleration, Intercontinental Exchange, AI, CPO, ICIMS, ICE, Partnership, Artificial intelligence, Connors, Data science, Automation, IPO, Continuing education unit, Smith, CEU, Acquisition, Lockheed Martin, Next, T-Mobile, General Mills, Growth, Management

HOLMDEL, N.J., May 9, 2024 /PRNewswire/ -- iCIMS announced two key appointments to its executive team. Joseph Benjamin will join as Chief Technology Officer (CTO), effective next week, and Eric Connors joined the organization earlier this year as Chief Product Officer (CPO). Benjamin and Connors will lead the technology and product teams behind the company's award-winning product portfolio and continue the acceleration of iCIMS' longstanding artificial intelligence (AI) program. Benjamin and Connors succeed Al Smith, who is retiring after nearly 10 years of scaling the iCIMS platform to become a global leader that enables millions of talent acquisition (TA) professionals to hire and retain hundreds of millions of people every year.

Key Points: 
  • Joseph Benjamin will join as Chief Technology Officer (CTO), effective next week, and Eric Connors joined the organization earlier this year as Chief Product Officer (CPO).
  • Benjamin and Connors will lead the technology and product teams behind the company's award-winning product portfolio and continue the acceleration of iCIMS' longstanding artificial intelligence (AI) program.
  • Benjamin and Connors will lead the technology and product teams and continue the acceleration of iCIMS' AI program.
  • Benjamin served in several senior technology roles at Oracle and DataLogix, Inc. over the course of 17 years.

CoreCivic Reports First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, May 8, 2024
Supplement, Acceleration, North Fork Correctional Facility, State, Travel, California Department, Depreciation, Rehabilitation, Hand, ICE, CXW, Federal, ODC, Corrections, FFO, Documentation, Tax, Local, COVID-19, Nursing, EPS, Share repurchase, California City Correctional Facility, CoreCivic, Bank statement, GAAP, Funds from operations, Note, Security (finance)

BRENTWOOD, Tenn., May 08, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the first quarter of 2024. Damon T. Hininger, CoreCivic’s President and Chief Executive Officer, commented, “CoreCivic experienced a strong first quarter of 2024. Propelled by 75.2% occupancy – our highest level since the first quarter of 2020 – CoreCivic generated sturdy margins and year-over-year growth in our key metrics. Revenue increased 9% versus the first quarter of 2023, with Federal, State, and Local revenues all increasing, and our cost-management initiatives also contributed to our favorable results.”

Key Points: 
  • BRENTWOOD, Tenn., May 08, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the first quarter of 2024.
  • Damon T. Hininger, CoreCivic’s President and Chief Executive Officer, commented, “CoreCivic experienced a strong first quarter of 2024.
  • Adjusted EBITDA, which excludes special items, was $89.5 million in the first quarter of 2024, compared with $73.7 million in the first quarter of 2023.
  • Based on current business conditions, we are providing the following updated financial guidance for the full year 2024:

ICE Clear Credit Adds Royal Bank of Canada as a Clearing Member

Retrieved on: 
Thursday, May 9, 2024
Data Analytics, Finance, Asset Management, Banking, Data Management, Professional Services, Technology, Fintech, Credit, Ecosystem, ICE Clear Credit, RBC, Royal Bank of Canada, ICE, MD, Intercontinental Exchange, CDS, Intercontinental, Credit derivative, Index

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that Royal Bank of Canada (RBC), Canada’s largest bank by capitalization and designated as one of the global systemically important banks, has become a clearing member at ICE Clear Credit LLC, the leading global clearinghouse for credit default swaps.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that Royal Bank of Canada (RBC), Canada’s largest bank by capitalization and designated as one of the global systemically important banks, has become a clearing member at ICE Clear Credit LLC, the leading global clearinghouse for credit default swaps.
  • ICE Clear Credit provides a comprehensive product offering, robust mark-to-market services and state-of-the-art risk management approach.
  • “RBC is one of the largest banks in North America and globally, and we’re very pleased to have them join ICE Clear Credit as a clearing member,” said Stan Ivanov, President of ICE Clear Credit.
  • For more information about ICE Clear Credit, please visit: https://www.ice.com/clear-credit .

Easterly Government Properties Acquiring Two Mission Critical Government Facilities and Increases Full Year 2024 Guidance

Retrieved on: 
Wednesday, May 8, 2024
Banking, Professional Services, Courts, Law Enforcement, Emergency Services, Other Construction & Property, White House, Federal Government, Immigration, Commercial Building & Real Estate, Construction & Property, Homeland Security, REIT, Finance, Public Policy, Government, Organization, City, ICE, HSI, Unitary state, Acquisition, Crime, DHS, DEA

HSI is the principal investigative arm within the DHS and helps shield the nation from global threats to ensure Americans are safe and secure.

Key Points: 
  • HSI is the principal investigative arm within the DHS and helps shield the nation from global threats to ensure Americans are safe and secure.
  • The agency maintains operations in 235 cities nationwide and maintains an international presence that spans over 90 offices in more than 50 countries.
  • “ICE - Orlando” is a 49,420 square foot facility 100% leased to the U.S. Immigration and Customs Enforcement (ICE).
  • Easterly is currently under contract to acquire ICE - Orlando and expects to close on the property later this month, subject to customary closing conditions.

Eaton to supply innovative ELocker differential system to leading electrified vehicle manufacturer

Retrieved on: 
Wednesday, May 8, 2024
Vehicle Technology, Performance & Special Interest, EV, Electric Vehicles, Sustainability, Alternative Vehicles, Fuels, General Automotive, Automotive, Environment, Green Technology, Engineering, Automotive Manufacturing, Other Automotive, Manufacturing, Multimedia, SUV, Torque, ICE, Traction, Quality of life, PHEV

Intelligent power management company Eaton today announced it has been selected by a leading manufacturer of electrified vehicles to supply a unique ELocker® differential system for use on a new plug-in electric hybrid (PHEV) SUV.

Key Points: 
  • Intelligent power management company Eaton today announced it has been selected by a leading manufacturer of electrified vehicles to supply a unique ELocker® differential system for use on a new plug-in electric hybrid (PHEV) SUV.
  • View the full release here: https://www.businesswire.com/news/home/20240508868697/en/
    Eaton has been selected by a top electrified vehicle manufacturer to supply a specialized ELocker® differential system.
  • “To meet this challenge, Eaton engineers made adjustments to traditional ELocker designs by utilizing premium designs, materials, and coatings.”
    The Eaton ELocker® differential is an electronic locking differential designed for drivers who want full control and traction on demand.
  • Eaton was founded in 1911 and has been listed on the New York Stock Exchange for more than a century.

Carvana EV Trends Report Reveals Significant Growth Potential of Used EV Market

Retrieved on: 
Wednesday, May 8, 2024
EV, Electric Vehicles, Other Retail, Online Retail, Internet, Specialty, Alternative Vehicles, Fuels, Electronic Commerce, General Automotive, Technology, Automotive, Retail, Other Automotive, Other Technology, Sale, Multimedia, ICE, EVS, Federal, PHEV, Growth, Fireworks

Carvana, an industry pioneer for buying and selling used cars online, today released an EV Trends Report for Q1 2024.

Key Points: 
  • Carvana, an industry pioneer for buying and selling used cars online, today released an EV Trends Report for Q1 2024.
  • The report focuses on the significant growth potential of the used EV category and highlights the important role affordability plays in driving customer adoption.
  • Carvana’s used EV sales mix is reaching new highs as affordability improves, increasing to 4.3% of Carvana’s total sales in Q1 2024.
  • “The significant, multi-year growth in new EV sales is a leading indicator of the potential of the used EV market.

Forge Global Holdings, Inc. Reports First Quarter Fiscal Year 2024 Results

Retrieved on: 
Tuesday, May 7, 2024
Professional Services, Data Management, Technology, Finance, Software, Fintech, SpaceX, Table, Capital market, Depreciation, New York Stock Exchange, ICE, Trust, UBS, Forecasting, Epic Games, Nasdaq, Inc., Acquisition, Vii, Arhopala, Privately held company, Adjustment, Name, ID, GAAP

Forge Global Holdings, Inc. (“Forge,” or the “Company”) (NYSE: FRGE), a leading private securities marketplace, today announced its financial results for the quarter ended March 31, 2024.

Key Points: 
  • Forge Global Holdings, Inc. (“Forge,” or the “Company”) (NYSE: FRGE), a leading private securities marketplace, today announced its financial results for the quarter ended March 31, 2024.
  • "I’m pleased to share that in the first quarter of 2024, Forge delivered our 4th consecutive quarter of revenue improvement as the market continues its recovery,” said Kelly Rodriques, CEO of Forge.
  • Net Loss: Net loss was $19.0 million compared to net loss of $26.2 million in the quarter ended December 31, 2023.
  • Headcount: Forge finished out the quarter ended March 31, 2024 with a total headcount of 337.

ICE Mortgage Monitor: Historically Strong Home Price Growth Pushes U.S. Mortgage Holders’ Tappable Equity to Record $11T

Retrieved on: 
Monday, May 6, 2024
Residential Building & Real Estate, Security, Other Professional Services, Construction & Property, Data Management, Technology, Finance, Fintech, Professional Services, Personal Finance, Other Technology, Payments, Software, Networks, Mobile, Wireless, Sale, Housing, ICE, Intercontinental Exchange, Plague, Intercontinental, Growth, CLTV, Real estate

Though U.S. home price growth slowed modestly on an annual basis, according to the ICE Home Price Index, March marked the third consecutive occurrence of above-average monthly gains.

Key Points: 
  • Though U.S. home price growth slowed modestly on an annual basis, according to the ICE Home Price Index, March marked the third consecutive occurrence of above-average monthly gains.
  • Existing homeowners, on the other hand, continue to reap the benefits of historically strong price gains.
  • This is helping to keep home price growth resilient even though demand is down.
  • Of that, a record $11T is tappable, meaning available for a homeowner to leverage while retaining a 20% equity cushion in the property.

The GEO Group Reports First Quarter 2024 Results

Retrieved on: 
Tuesday, May 7, 2024
Public Policy, Government, Law Enforcement, Emergency Services, Public Safety, Immigration, Commercial Building & Real Estate, Construction & Property, REIT, GEO, International, GTI, CSI Aviation, News, ICE, Webcast, Aviation, Federation, Tranche, GEO Group, Term loan, Rehabilitation, Report, Video game

The GEO Group, Inc. (NYSE: GEO) (“GEO”), a leading provider of support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the first quarter 2024.

Key Points: 
  • The GEO Group, Inc. (NYSE: GEO) (“GEO”), a leading provider of support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the first quarter 2024.
  • For the first quarter 2024, we reported net income of $22.7 million, compared to $28.0 million for the first quarter 2023.
  • We reported total revenues for the first quarter 2024 of $605.7 million compared to $608.2 million for the first quarter 2023.
  • We reported first quarter 2024 Adjusted EBITDA of $117.6 million, compared to $130.9 million for the first quarter 2023.

Urban Science/Harris Poll study reveals increase in dealer relevance, dealers' readiness for the future

Retrieved on: 
Wednesday, May 8, 2024
The Harris Poll, DTI, Carvana, Uber, ICE, Research, Original equipment manufacturer, Gen, EV, Perception, YOY, Millennials, Urban Science, CarMax, Zipcar, Car dealership

DETROIT, May 8, 2024 /PRNewswire/ -- Urban Science and The Harris Poll today released the 2024 Urban Science Dealership Transformation Index™ (DTI).

Key Points: 
  • DETROIT, May 8, 2024 /PRNewswire/ -- Urban Science and The Harris Poll today released the 2024 Urban Science Dealership Transformation Index™ (DTI).
  • Dealer relevance gauges how auto buyers perceive the role of dealers, the expertise of salespeople and other aspects of the increasingly complex vehicle-buying journey.
  • This year's dealer relevance score rose to 62, a two-point increase from last year.
  • 43% of auto buyers strongly agreed dealers play an essential role in the new-car-buying journey – a 4-percentage-point increase over 2023.