and

GEA unveils thermoforming packaging machine for small and medium-sized companies

The PowerPak 1000 has been specially developed as an entry-level machine for the thermoforming segment and offers advanced functions previously reserved for machines in the higher performance range.




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ProAmpac's Rotibag Provides Sustainable Solution for Grab-and-Go Food

Rotibag's innovative features include an integrated handle, making it ideal for hot grab-and-go items like rotisserie chicken and other prepared foods, while its fog-resistant packaging ensures product visibility.




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Technology Advances X-ray and Metal Detector Inspection Capabilities

With a metal detector, metals that have one or both conductive magnetic characteristics will create a detectable signal. Non-magnetic stainless steel is harder to pick up — it’s a bad conductor — and certain food products with added iron, moisture, salt and acids tend to mask metal detection. Known as the “product effect,” this can impact inspection performance.




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Remote, Real-Time Service and Training

JLS View uses virtual, mixed reality to connect customers with support needs.




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From Wine to Tortillas: Inspection, Detection, and Vision Systems Play Crucial Role

Reporting by Packaging Strategies over the last several months reveals the innumerable applications of inspection/detection/vision equipment.




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Industrial Physics acquires Torus Group, expanding packaging measurement services

Torus Group, known for its strong portfolio in measurement for metal and rigid packaging in the food and beverage industries, has recently expanded into plastic packaging and medical devices.




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Pacificolor clients stand to gain from company’s new corrugated graphics equipment

Investment includes the acquisition of an AV Flexologic Corrugated Flat Mounting Machine and the integration of Reproflex3's high-definition Vortex™ screening technology.




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PODCAST | Meeting Coding Demands with Soft-Pigmented CIJ Inks

In this interview, Videojet’s Sherry Washburn discusses how recent improvements to soft-pigmented inks are facilitating coding and contrast printing for packaging.




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PODCAST | Sustainability and the Growing Role of Paper Barrier Solutions

Chris Marshall of BOBST – a leading supplier of substrate processing, printing and converting equipment and services for the label, flexible packaging, folding carton and corrugated board industries – talks about how the regulatory environment is coaxing some firms away from plastic and toward paper.




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Dispelling the Myths and Misconceptions about Digital Corrugated Printing

In this article, Domino’s Ben Ginesi offers his perspective on how digital corrugated printing stacks up against flexographic and lithographic printing.




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How Digital Printing Opens New Windows for Brand Managers

In this interview, Inovar’s Bill Kral explains how digital printing has evolved, why some brand managers are still reluctant to switch to digital printing, and why many who have made the leap are reaping rewards.




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Digimarc, Wipak Partner to Enhance Sustainability for Retailers and Global Brands

Innovative packaging solutions and revolutionary digital watermarking technology come together to power sustainability initiatives for the food and pharmaceutical industries.




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Xaar's Versatex Printbar Provides Unique Solution for Packaging and Labels

The Versatex Printbar leverages the architecture of two print banks, each equipped with six Xaar Nitrox printheads, to achieve up to three different laydown effects in a single pass and with one varnish.




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Südpack and Leibinger test suitability of CIJ inks for recyclable films

Are continuous inkjet inks suitable for printing on and subsequently sterilizing recyclable food packaging? Specialists from both companies investigated this very question at SÜDPACK’s technical center.




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Coding and Printing: From Improved Recycling to Catching the Consumer’s Eye

Companies like Digimarc, Wipak, Inovar and Domino are demonstrating how advancements in coding, marking and printing are facilitating recycling efforts, lowering costs for brand managers, making it easier to hire qualified equipment operators, and more.




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Packaging’s Critical Role in the Proliferation and Appeal of Private Label Products

In this insightful article, Beth Zipko of Source Wurx makes the case that no element of private label products has improved more rapidly and dramatically than packaging, which has evolved from eyeroll-inducing to eye-catching. 




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Videojet Expands Case and Carton Coding with New Printer Capabilities

Videojet 2380 large character marking system now employs up to four printheads to print on multiple sides of cases and cartons.




and

PODCAST | Trends in Inks and Coatings for Sustainable Paper Packaging

While paper packaging in many ways is more naturally eco-friendly than plastic packaging, Sun Chemical is busy developing inks and coatings solutions to ensure that true recyclability is achieved as the ‘paperization’ trend gains steam.




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Languages and Interpreters in Early Virginia Indian Society

Early Virginia Indians spoke dialects of Algic, Iroquoian, or Siouan, three large linguistic families that include many of the more than eight hundred indigenous languages in North America. Among Virginia's Algic-speakers were the Powhatan Indians, who lived in the Tidewater and encountered the Jamestown settlers in 1607. Little is known of their language—a form of Algic known as Virginia Algonquian—although Captain John Smith and William Strachey both composed influential vocabulary lists. The Nottoways and the Meherrins lived south of the James near the fall line and spoke Iroquoian. Although the Meherrin language was never recorded, it has been identified as Iroquoian based on geography. In 1820, John Wood interviewed the elderly Nottoway "queen" Edie Turner and created a word list that eventually was recognized as Iroquoian. Virginia's Siouan-speakers, meanwhile, largely lived west of the fall line and included the Monacans, the Mannahoacs, and the Saponis. Many Virginia Indians, encouraged by the requirements of trade, diplomacy, and warfare, spoke multiple languages, and when the English arrived, they and the Powhatans eagerly exchanged boys to learn each other's language and serve as interpreters. By the twentieth century, most if not all Virginia Indian languages had become extinct, meaning that no native speakers survived. In 2005, the Terrence Malick film The New World presented a form of Algonquian based on the Smith and Strachey lists and the work of the linguist Blair Rudes.
Thu, 29 Oct 2020 18:20:19 EST




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Towns and Town Life in Early Virginia Indian Society

Much of what is known about towns and town life in early Virginia Indian society is drawn from archaeological investigation, the observations of English settlers, and the work of Captain John Smith, who between 1607 and 1609 explored and mapped the Chesapeake Bay area. Through a combination of these sources, we know that most Virginia Indian towns were located close to fertile soil and along waterways, which were both a source of food and drinking water and a means of transport. Towns generally conformed to one of two layouts: a dispersed settlement pattern, in which the houses were scattered according to which fields were being cultivated at the time; and a nucleated settlement pattern, in which a palisade surrounds a tightly packed group of houses. The latter layout was usually found in frontier areas, where the threat of attack by enemy tribes was greater. Indian towns were busy, intensely social places and each resident, regardless of age or sex, was expected to play a particular role. This resulted in a tight-knit community that could be supportive, but constricting. Privacy was limited, so great emphasis was placed on manners and politeness and on releasing tension through a nightly group activity like singing and dancing. The quality of life in Indian towns declined in Virginia after the English arrived and began to encroach on Indian land.
Fri, 30 Oct 2020 14:08:31 EST




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Letter from Alexander Hamilton to James Bayard (January 16, 1801)

In this letter, dated January 16, 1801, Alexander Hamilton writes to James Bayard, a Federalist member of the U. S. House of Representatives from Delaware. Hamilton conveys his satisfaction that Bayard has decided to support Burr in the Election of 1800. He goes on to offer his criticisms of both Aaron Burr and Thomas Jefferson and his worst fears were either man to become president.
Fri, 30 Oct 2020 16:09:37 EST




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Registration Now Open for Destinations International Fall 2024 Conferences: Advocacy Summit, Social Inclusion Summit and Business Operations Summit

Registration Now Open for Destinations International Fall 2024 Conferences: Advocacy Summit, Social Inclusion Summit and Business Operations Summit dbreisch@desti… Wed, 07/10/2024 - 18:22

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3 min read

Registration Now Open for Destinations International Fall 2024 Conferences: Advocacy Summit, Social Inclusion Summit and Business Operations Summit

Premier events offer essential knowledge and skills to help destination organizations lead with innovation and inclusivity

Media Contact: 
Tim Smith 
tsmith@destinationsinternational.org
1.425.577.4499

Washington, D.C., USA (July 10, 2024) – Destinations International (DI), the world’s leading resource for destination organizations, convention and visitors bureaus (CVBs), and tourism boards, has opened registration for its three remaining major events in 2024: the Advocacy Summit, which will take place in Rio Grande, Puerto Rico, from October 22-24; and the Social Inclusion Summit and Business Operations Summit, which both will take place in Spokane, Washington, October 28-30.  

Destinations International continues to provide training and development specially designed to help destination organizations anticipate transformation and thrive in a continually evolving environment. Each summit will look at current challenges and opportunities and offer the opportunity to explore, learn, and network among industry peers. Attendees will benefit from comprehensive sessions that address the most pressing issues facing the sector today, from enhancing stakeholder engagement and impactful advocacy, to advancing social inclusion, to embracing advancements in technology and innovation in business operations.

“Destinations International is committed to providing our members with the essential information they need to help their organizations and communities thrive,” said Don Welsh, president and CEO of Destinations International. “Our outstanding fall summits focus on the most pressing and timely issues facing destination organizations today and offer an unprecedented opportunity to learn from experts and network with peers. I’m confident that attendees will leave each summit with new insights and actionable strategies to take back to their organizations.”

Summit overviews:

2024 Advocacy Summit (Rio Grande, Puerto Rico – October 22-24, 2024) 
Under the theme “Advocate as Catalyst,” the summit will help destination organizations better serve as essential community assets promoting the local community as an attractive travel destination while also enhancing its public image as a dynamic place live and work. Through interactive discussions, case studies and practical exercises, attendees will develop skills, identify tools and gain knowledge to support powerful advocacy. This year, the event offers three immersive workshops to explore the rich Taíno heritage of Puerto Rico; survey the intersection of ecotourism and conservation against the unique backdrop of El Yunque National Forest, the only tropical rainforest in the U.S. National Forest System; and learn about the development of eco-cultural tourism attractions at Carabali Rainforest Adventure Park. 
(Click here for more information and to register)

2024 Social Inclusion Summit (Spokane, Washington – October 28-30, 2024)
The summit offers a series of impactful sessions and immersive experiences designed to engage community partnerships and create a welcoming environment where people of all abilities and backgrounds feel welcome, valued and understood. Through a lens of accountability, attendees will learn actionable strategies to deepen community relationships and enhance workplace culture, ultimately creating welcoming experiences for visitors. Sessions include: Fostering Community Connections for Impact; Advocacy Strategies for Engaging Local Government; and Establishing Accountability in Social Inclusion. This summit is for leaders of all abilities and backgrounds who specialize in, or have an interest in, community engagement, human resources, culture development, marketing, and inclusion and belonging.
(Click here for more information and to register)

2024 Business Operations Summit (Spokane, Washington – October 28-30, 2024)
The Business Operations Summit is a cross-functional gathering of destination organization professionals in finance, human resources, operations and technology. This year’s summit will leverage the latest advancements in finance, digital platforms and talent management, offering valuable knowledge and practical solutions to help destination organization leaders navigate the complexities of modern business operations. Join us to explore how finance, technology, and HR can drive innovation and excellence in your organization.
(Click here for more information and to register)

Please check destinationsinternational.org for latest updates on these and all Destinations International events and information.


###


About Destinations International 
Destinations International is the world’s largest and most trusted resource for destination organizations, convention and visitors bureaus (CVBs) and tourism boards. With more than 7,500 members and partners from over 750 destinations, the association represents a powerful forward-thinking and collaborative community around the world. For more information, visit www.destinationsinternational.org.  
 

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Attracting Talent and Boosting Youth Engagement from Austin to LA

Attracting Talent and Boosting Youth Engagement from Austin to LA jhammond@desti… Wed, 07/24/2024 - 20:40

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Despite the gains made since the onset of the pandemic, the hospitality industry continues to experience persistent labor shortages. Destination organizations have a chance to engage with the youth in their communities to help close this gap with best practices and strategies for attracting and retaining tomorrow’s tourism workforce. 

6 min read

Key findings from Social Impact of Global Tourism by the World Travel & Tourism Council indicate that hospitality is a leading employer for young people around the globe, accounting for almost 60% of all youth employment in 2021 with 40% of those numbers represented by women. Despite continued recovery from the COVID-19 pandemic, there are staff shortages at hotels, restaurants, entertainment venues, theaters, convention centers, and tourism organizations. In relative terms, one in fifteen US job postings remains unfilled, and one in nine European Union jobs remains unfilled. This represents an estimated 412,000 tourism worker shortage. Further, despite the expansion of the Canadian labor market to pre-pandemic levels of 5.3%, Destination Canada reports in their 2023 Quarter-three snapshot that 116,000 positions remain unfilled, representing 6.2% of all the tourism sector.   

Source

Several factors fueling the labor shortage in the US include a decrease in international migration patterns as it relates to the US labor market, working conditions, and a lack of adequate skillsets to perform several jobs within hospitality. Thus, a variety of policy changes and engagement strategies can help destination organizations fill the gap and address these concerns.  

Addressing staff shortages within the sector requires a multi-stakeholder collaborative approach to developing a skilled tourism workforce, providing competitive employee benefits, and partnering with academia to help equip tomorrow’s workforce with new and improved skills to operate within the industry. A recent article by Forbes suggests that one of the greatest currencies of our time is not gold, oil, or knowledge but rather talent acquisition.  

When discussing strategies like youth engagement and workforce development, it's important to be mindful of cultural differences and adapt the approaches accordingly. Be sure to acknowledge the diverse cultural contexts in which these strategies will be implemented and adapt according to the needs of your destination. 

Los Angeles Tourism & Convention Board

At the Mobile World Congress in 2021, the Los Angeles Tourism & Convention Board launched its own Career Academy with the goal of increasing equity in career representation by inspiring the youth of historically underserved communities to consider diverse career paths. This initiative was brought on in response to the call of Los Angeles council leaders’ executive directive to help increase recognition of systemically marginalized groups. For the event itself, a dozen high school students from the Ambassador School of Global Leadership attended the inaugural program led by Mayor Eric Garcetti. Each student received a tour of the exhibition hall, met with executive leaders to learn about career opportunities, fostered meaningful connections, and learned about future career day opportunities available within the industry. Over 4,100 people attended the convention, 65% of whom were senior executives.

Moreover, Los Angeles’s Career Academy bridges the connections between students and meeting planners looking to authentically impact Los Angeles. In turn, students learn equity, diversity, and inclusion best practices in aligning corporate social responsibility. While the convention was not hospitality-focused, the bureau brought students together with senior-level executives at technology companies, and this can make the connection between other sectors and hospitality. The academy highlights the connection between youth engagement in choosing career paths and where they see themselves represented.  Since one of the greatest strengths of Los Angeles is its diversity, programs like this are essential to helping close the workforce gap and helping to address racial inequalities that exist due to a lack of representation. 

Los Angeles Career Academy (Full-Length)

“Our career Academy connects high school students from La USD to unique experiences at the LA Convention Center. Where they can learn about careers and opportunities. Directly from inspirational industry leaders and gain a practical understanding of the steps that other people took to reach their career goals and overcome challenges.” - Los Angeles Mayor Karen Bass

Visit Austin Foundation

Founded in 2019, the mission of the Visit Austin Foundation (VAF) is to develop and promote education, job training, and career opportunities within the hospitality and tourism sector. The foundation has several key objectives in helping to close the labor shortage gap and increase engagement--particularly with the youth. By offering mentorships and scholarships, the foundation hopes to attract young people to the tourism and hospitality industry, and to educate the public about a wide range of career opportunities within the industry, as well as its economic and social benefits.  

One way the VAF has contributed to engaging the younger demographic in a career in hospitality and tourism is by developing hospitality industry learning platforms in conjunction with secondary school systems to promote awareness of the industry as a viable career path and prepare students for careers in hospitality. The VAF, in conjunction with the Austin Hotel & Lodging Association, Austin Independent School District, and Austin Community College sponsors and supports a Hospitality, Tourism & Culinary PTECH High School at Travis Early College High School. This program provides participants the opportunity to earn a high school diploma, an associate degree, and on-the-job training & mentorships while in high school, all at no cost to the student. This allows students to graduate early and prepare for a dynamic career.  

Additionally, the foundation has provided resources for providing careers in hospitality including the Austin Tourism Insider Hospitality Training Program. The training program is intended to support the community’s tourism and hospitality employees, including new hires, and residents who are passionate about Austin and hospitality. Through a one-day course, employees learn expert knowledge about Austin’s tourism assets, improve their confidence in making recommendations that help to elevate the visitor experience, ignite their passion for the industry, and build a deeper sense of connection within the community. Furthermore, the VAF helps to support networking opportunities to connect hospitality professionals with their peers in the local industry. 

The VAF’s Heart of Hospitality Award & Scholarship is dedicated to supporting local hospitality employees who are pursuing tourism-related education and are interested in growing their careers within the industry. Criteria for selection include hospitality employees who provide outstanding customer service, demonstrate a positive attitude, and display initiative in going beyond regular job responsibilities to enhance the visitor experience.  

Scholarships provide pathways for continued education in fields related to the hospitality industry, including organizational leadership, hospitality management, Certified Meeting Planner (CMP) certifications and more.  

There are a range of opportunities available for destination organizations that seek to increase workforce engagement. Organizations can partner with academic institutions to help develop tomorrow’s leaders by creating career youth engagement opportunities and raising awareness about the industry’s various career paths. As the industry continues to shake off setbacks caused by the pandemic, destination organizations can find innovative solutions to advance the industry by developing needed skill sets and providing a warm welcome to help others to feel seen and heard. 

About The Author

Stephanie Auslander

Advocacy and Data Coordinator
Destinations International

Stephanie is a recent graduate of Johnson & Wales University with a Master’s Degree in Global Tourism and Sustainable Economic Development. Previously, she worked as an Intern with Solimar International assisting Destination Marketing Organizations in formulating Tourism Development strategies for the Samtskhe–Javakheti region in Republic Of Georgia and the Sisian region of Armenia. Additionally, she is the author of a Tourism Research Proposal detailing ways in which Destinations can promote the concept of Sustainability to its consumers for a lasting positive impact. With a background in Tourism Development she is confident in her ability to help Destinations innovate into the future.

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What do teachers do during summer, and how do you handle summer downtime?

How do you handle the possibility of changing teaching schedules in your music studio during the summer months?





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Bank of England / Bank of Finland speakers combine for a panel discussion Tuesday

0900 GMT / 0400 US Eastern time: Olli Rehn, Governor of the Bank of Finland, and Bank of England Chief Economist Huw Pill speak on a panel at a conference organised by UBS in London

As Governor of the Bank of Finland Rehn is a member of the European Central Bank monetary policy board, the Governing Council.

Thus we'll get policy/economy comments relevant for the ECB and BoE for this one.

This article was written by Eamonn Sheridan at www.forexlive.com.




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Fed's Kashkari: The fundamentals seems strong and I'm optimistic that will continue

Comments from the Minneapolis Fed President in conversation with Yahoo Finance.

  • Contacts are optimistic
  • We have to wait and see what the new government policies are, we will have to wait and see
  • A one-time tariff increase in transitory but it can become tit-for-tat, right now we're all just guessing
  • Immigration could have a big effect but we will have to see what will happen
  • New lease inflation takes a couple years to work its way through
  • We have good confidence that the housing piece of inflation will get to normal levels, though it may take a year or two
  • The labor market has been surprisingly resilient, it's a good labor market
  • The economy looks like it's in a strong position
  • If we saw inflation surprise to the upside between now and December, that might give us pause
  • Probably not enough time for jobs to surprise on the upside
  • Productivity looks like it's been stronger, which could mean a higher neutral rate
  • If so, we may not cut as much
  • We all agree that we're above neutral now
  • The rise in long-term yields doesn't look like it's about long-term inflation expectations
  • I think we're modestly restrictive right now. I thought we were putting two feet on the brakes but in hindsight we were only putting one foot on the brake
  • My judgement is that we still have a long ways to go in shrinking the balance sheet
  • Ultimately the economy will guide us in terms of how far we need to cut rates

Kashkari is candid and is oftentimes dovish but he sounded less like someone who wants to keep on cutting. His comment about one foot on the brakes was helpful in illustrating how he sees the economy and rates. The interesting discussion is about neutral right now and how close the Fed wants to go. He also touched on a longer timeline to get inflation all the way back to 2% and that should keep the Fed in the high 3s assuming no sharp slowdown in the economy. Of course, the Fed curve is also pricing 3.80% as the terminal rate.

This article was written by Adam Button at www.forexlive.com.




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PBoC promised stronger damping to support CNY, and that's what are seeing

Justin had the news from the People's Bank of China here on Monday:

The PBOC governor Pan Gongsheng emphasized that the Bank will not let the yuan plummet without a fight:

  • Will step up countercyclical adjustment
  • Should resolutely guard against the risk of exchange rate overshoot

Today is an example of the Bank pushing back on yuan weakness, with the reference rate set 300+ points stronger for the CNY than was expected (in the Reuters model).

Offshore yuan has jumped (lower USD/CNH as shown in the chart below):

This article was written by Eamonn Sheridan at www.forexlive.com.




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A kickstart look at the EURUSD, USDJPY and GBPUSD from a technical perspective

The USD is higher in trading today as the Trump trade continues. HIgher USD. Higher stocks. Bonds we don't know as the bond market is closed for Veterans Day today. Gold is lower but bitcoin in higher.

In this video, I take a look at the EURUSD, USDJPY and GBPUSD from a technical perspective.

EURUSD: The EURUSD fell below the swing lows from June between 1.0665 to 1.06705. That is below the low from last week at 1.06819. Staying below that area keeps the sellers in control. Absent a move above those levels and the buyers are not winning. ON the downside, the next support comes in at 2024 lows between 1.0600 to 1.06097.

USDJPY: The USDJPY has bounced higher and pushed to the 153.88 level. That level has helped to slow the run higher today. Recall from last week, the price did move above that level and ran to a high of 154.70 on the dollar buying after the Election before the corrective move lower (the price bottomed at the 100 bar MA on the 4-hour chart). So the pair is at a key technical level between support at the 100 bar MA on the 4-hour chart, and the high from last week at 154.70.

GBPUSD:The GBPUSD has seen more up-and-down momentum over the last few weeks of trading. It is trading near the low of that up and down range with 1.2832 to 1.2872 the swing area to get to and through to increase the bearish bias. On the topside gettting back above the low from 3 weeks ago comes in at 1.29065. That would need to be broken to give the buyers more confidence.

This article was written by Greg Michalowski at www.forexlive.com.




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USDCHF trades above and below the 50% midpoint of the move down from the May high

The USDCHF has moved higher in trading today and in the process moved above the swing highs from last week and swing area between 0.8772 to 0.8776. That area is now a close risk and bias-defining level. Staying above is more bullish.

The move above that area today has led to an increase in momentum with the price moving to and through the 50% midpoint of the move down from the Mqy 1 high. That level comes in at 0.87986 (near natural resistance at 0.8800).

The price is in trading above and below that level the last four or so hours of trading with a high price of 0.8804. Also in play on the topside is its 200-day moving average at 0.8817 and a swing area from 0.88187 to 0.88251. Get above those levels would open the door for more upside momentum.

So buyers and sellers are battling it out near the 50% midpoint and below the 200-day moving average. That is natural estranged can defined and limited risk against the technical levels. However, the price were to move above the 200-day moving average, the seller leaning now, should look to cover and push the price higher.

---------------------------------

USDCHF Summary

The USDCHF continues its upward trend, testing the 50% target level at 0.87986.

Key Levels:

Resistance

  • 0.8817 (200-day MA)

  • 0.88187-0.8825 (swing area)

Support

  • 0.8772-0.87763 (last week's highs)

Outlook:

  • Breaking above 0.88187-0.8825 opens door for more upside momentum.

  • Moving below 0.8772-0.87763 gives sellers short-term advantage.

  • Absent a breakdown, buyers remain in control, targeting new highs since July 31.

This article was written by Greg Michalowski at www.forexlive.com.




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USDCAD moves lower after testing ceiling area between 1.3945 and 1.3958

The USDCAD has backed backs off from ceiling area again. That area comes between 1.3945 and 1.3958.

The subsequent move to the downside has the pair heading toward 200 and 100-hour MA support targets at 1.39054 and 1.3898 respectively (green and blue lines on the chart below). A move below that level would target the rising 100 bar moving average on the 4-hour chart at 1.38784. Last week the price fell below that moving average line on two separate occasions only to fail and bounce back to the upside.

If the price were to get above the ceiling area, the 2022 high price comes in at 1.3977. Get above that and the price is trading at the highest level since 2020.

USDCAD Summary

The USDCAD is trending upward, approaching a key swing area between 1.3945-1.39581.

Key Levels:

Resistance

  • 1.3945 to 1.3958. Swing highs over the last 7 trading days (from swing highs from Oct 31, Nov 1, 6, and 7.

  • 1.3977 (2022 high)

Support

  • 1.3905 - 200-hour MA)

  • 1.3898 Rising 100-hour MA

Outlook:

  • Break above 1.3977 targets highest level since 2020.

  • Move below 1.3905 and rising 100-hour MA favors sellers.

  • Otherwise, buyers maintain control, pushing for new highs.

This article was written by Greg Michalowski at www.forexlive.com.




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S&P, Nasdaq and Dow close at new records. Russell 2000 closes just short of a new record

More records are reached today:

  • Dow industrial average closes over 44,000 for the first time ever
  • S&P index closes above the 6000 level the first time ever
  • NASDAQ index closes at a new record level as well

For the Russell 2000 it lasts record close was back on November 8, 2021 at 2442.21. The index closed at 2434.97 after reaching an intraday high of 2441.72 just short of the record closing level.

The final numbers are showing:

  • Dow industrial average +304.14 points or 0.69% at 44293.13
  • S&P index up 5.81 points or 0.10% at 6001.35
  • NASDAQ index is up 11.99 points or 0.06% at 19298.76
  • Russell 2000 up 35.33 points or 1.47% at 2434.97

For the Russell 2000, its high intraday level reached 2458.85 on November 10, 2021. For the year, the Russell 2000 is now up 20.12%. That has now surpassed a down industrial average gain of 17.52%.

The S&P index is now up 25.82% in 2024 while the NASDAQ index is up 28.56%.

This article was written by Greg Michalowski at www.forexlive.com.




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Kickstart the FX day. A look at the EURUSD, USDJPY and GBPUSD from a technical perspective

In the kickstart video, I take a look at the 3 major currency pairs:

EUR/USD Summary

The EUR/USD continued its downward trend due to concerns over slower economic growth and increased tariffs under President-elect Trump.

Key Points:

  • Initially rose in the Asian session, but sellers took control near 1.0665-1.06703 swing area. That area was the lows from back in June.

  • Staying below the lows from June kept the sellers in control

  • Reached a low of 1.0606, testing April's swing lows and the year's lows (since October 2023). A move below the 1.0600 increases the bearish bias.

  • Buyers may lean against the low as risk can be defined and limited against the level with stops on a break below.

-------------------------------------------

USD/JPY Summary

The USD/JPY exhibited volatility, with potential bullish signals.

Key Points:

  1. Rose yesterday, then stalled between 153.59-153.88 (swing area).

  2. Found support at 153.397 (61.8% of July's move down).

  3. Broke above 153.88 (bullish signal).

  4. Next targets: 154.54-155.09.

Outlook:

Bullish Scenario

Stay above 153.88, targeting 154.54-155.09.

Bearish Scenario

Move below 153.397 increases short-term bearish bias.

--------------------------------------------------

GBP/USD Summary

The GBP/USD fell, breaking below two-week lows and the 200-day MA.

Key Points:

  1. Broke below last week's low (1.28329) and 200-day MA (1.28178).

  2. Reached 1.27915, then bounced.

  3. Traded above and below 200-day MA.

Outlook:

Bullish Scenario

Move above 1.28329, 1.2844, and 1.2866 (50% of April's move) indicates buyer strength.

Bearish Scenario

Stay below 1.28329 and 1.2844 maintains seller confidence; breaking below 200-day MA again confirms bearish trend.

This article was written by Greg Michalowski at www.forexlive.com.




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Japan PPI (October) +0.2% m/m (expected 0%) and +3.4% y/y (expected +3.0%)

Japanese wholesale prices, the PPI or CGPI:

+0.2% m/m

  • expected 0.0%, prior 0.0%

+3.4% y/y

  • expected +3.0%, prior +2.8%

The higher results will be a bit of a tailwind for the yen, at the margin. Not too much though, there is the huge monetary policy divergence that is weighing on the hapless yen to contend with.

Of note is that renewed yen falls pushed up import costs for some goods

The Bank of Japan is wary of yen weakness pushing up prices, the Bank wants inflation but not like that. The Bank wants inflation coming from wage growth pushing up demand. The Bank has said it'll consider raising rates to help slow or stop the yen decline. But political pressure is on the Bank not to hike until wages are seen rising at the next round of wage negotiations in (Japan's) spring.

---

The Producer Price Index (PPI) in Japan is also known as the Corporate Goods Price Index (CGPI)

  • its a measure of the average change over time in the selling prices received by domestic producers for their output
  • is calculated by the Bank of Japan

Unlike the Consumer Price Index (CPI), which measures the price change that consumers see for a basket of goods and services, the CGPI focuses on the change in the prices of goods sold by companies.

The PPI reflects some of cost pressures faced by producers

  • its based on a basket of goods that represents the range of products produced within the Japanese economy, including items such as:
    • raw materials like metals and chemicals
    • semi-finished goods
    • and finished products
    • different weights are assigned to each category within the index based on its contribution to the overall economy.
  • it does not account for the quality improvements in goods and services over time, which might lead to overestimation of inflation
    • additionally, it reflects only the prices of domestically produced goods, leaving out the impact of imported goods

The PPI can be used as a guide to inflationary pressures in the economy:

  • If producers are facing higher costs, they may pass these on to consumers, leading to higher consumer prices.
This article was written by Eamonn Sheridan at www.forexlive.com.




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Deribit and SignalPlus Launch $200,000 Winter Trading Competition

Deribit, the world’s premier Bitcoin and Ethereum options exchange, in partnership with SignalPlus, a leading options trading dashboard and analytics hub, is excited to unveil the second edition of the Winter Trading Competition 2024.

This year's competition offers participants a $200,000 USDC prize pool, along with various prizes such as iPhones, PlayStation 5s, and other rewards. Additionally, participants will benefit from valuable learning opportunities and insightful trading sessions designed to enhance their skills and strategies, making this the biggest and most rewarding crypto trading contest of the year.

The Winter Trading Competition 2024 is open to all retail participants who utilize their Deribit accounts to trade cryptocurrency options, futures and spot on the SignalPlus platform. Registrations are open and will remain open until December 9th 2024. The competition begins today November 4th to December 9th, 2024, spanning 35 days of intense trading action.

US Election Registration Bonus As an added incentive, traders who register by November 5 will receive a US Election Option, available as part of a limited-time bonus. Registrations remain open until December 9, 2024.

Luuk Strijers, Chief Executive Officer at Deribit, “We’re thrilled to launch the second edition of our trading competition in collaboration with SignalPlus. Following the remarkable success of last year’s iteration, we are excited to raise the bar even higher this time. The growth and enthusiasm we witnessed have inspired us to expand the competition, offering even more opportunities for participants to showcase and expand their skills.”

Competition Highlights:

  • Prizes and Rewards: Compete in both individual and team categories, with special bonuses for team leaders and daily prize draws.
  • Referral Program: Up to 10,000 USDC in rewards is available through a referral program for inviting others to register and trade on Deribit.
  • Sign-Up Incentives : Bonuses are available for all registrations, first trades, and inviting friends, with participants eligible for prizes that range from cash rewards to tech products.
  • Luxury and Variety: Participants have the chance to win various rewards, including iPhone 16s, iPads, Apple Watches, cash prizes in USDC, and travel to Thailand.
  • Prestigious Recognition: Top individual winners will earn honorary certificates, while winning teams will take home trophies.
  • Learning opportunities: Participants will also gain access to six master-level options AMAs (Ask Me Anything sessions) and Deribit’s product training hosted by industry experts, available absolutely free. These sessions are designed to elevate trading skills.

Chris Yu, Co-Founder of SignalPlus, added: “We’re excited to collaborate with Deribit on this landmark trading competition. At SignalPlus, our mission is to enhance the trading experience through innovation, and this event reflects that commitment. By combining our advanced technology with Deribit’s robust platform, we’re offering participants an unparalleled opportunity to engage with crypto options in fresh, dynamic ways, pushing the boundaries of strategy and skill.”

Competition Rules and Rewards:

  • Individual Race: Individual participants will compete through semi-final and final stages, with prizes awarded to the top 35 traders. The highest-ranking trader will earn up to 5,000 USDC.
  • Team Contest: The top five teams will win prizes ranging from 1,000 to 5,000 USDC. Additionally, each day for 35 days, one team member will win a luxurious trip to Thailand.
  • Daily Draws: For 35 consecutive days, 111 lucky participants will win cash rewards daily.
  • Daily Lucky Ranks: Every day, 9 special traders will receive prizes ranging from 10 to 300 USDC.
  • Extra Incentives: Over 10,000 bonus prizes are available for registering, inviting friends, and making your first trade – the rewards keep flowing!

Key Details:

  • Prize Pool: 200,000 USDC.
  • Registration Period: October 23rd – December 9th, 2024.
  • Competition Period: November 4th – December 9th, 2024.

Seize the opportunity to compete with top traders globally and start your journey toward exciting prizes today!

About Deribit

Deribit (https://www.deribit.com/) is a centralized, institutional-grade crypto derivatives exchange for options and futures trading. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency trading, advanced risk mitigation services, and deep liquidity through a network of top-tier market makers. Led by a team with decades of experience in options trading across all markets, Deribit facilitates a significant majority of all crypto options trading and adheres to robust proof of assets and liabilities procedures to ensure the highest standards.

About SignalPlus

SignalPlus provides a world-class options trading dashboard that covers risk tracking, profit/loss attribution, strike and theta analysis. Users can execute multi-legged orders with embedded algorithms to minimize slippage and conduct in-depth profit/loss and exposure assessments using simulation tools and scenario analysis. SignalPlus also automates delta hedging across varying market conditions and offers real-time trade notifications through Telegram, empowering traders with the insights and tools needed for successful trading.

This article was written by FL Contributors at www.forexlive.com.




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Xlence Sets New Standard in Online Trading

With its recent launch, Xlence is quickly positioning itself as a promising option in the online trading world. This new platform emphasizes transparency, education, and accessibility, aiming to make trading a simpler and more empowering experience for users.

In a recent announcement, Xlence laid out its mission to provide traders with a supportive and versatile environment, underpinned by advanced technology and a diverse selection of trading instruments. This approach shows a clear focus on catering to both experienced traders and newcomers, offering tools, resources, and tailored support.

A Wide Array of Trading Options to Suit All Investors

One of the company’s standout features is its broad range of trading options, which includes Forex, metals, indices, commodities, futures, and shares. With this variety, Xlence caters to traders looking to diversify their portfolios and explore different strategies, allowing them to adapt their trades according to shifting market conditions.

To support this flexibility, Xlence offers four unique account types—Essential, Prime, Deluxe, and Ultimate—each designed to suit different trading styles and levels of expertise. Through this segmentation, Xlence ensures that all traders, from beginners to seasoned investors, can access features aligned with their goals, trading preferences, and risk tolerance.

The platform also highlights its low spreads, flexible leverage, and fast trade execution, all critical features that give traders an edge in fast-paced markets. Xlence appears focused on streamlining the user experience, particularly when it comes to managing funds.

With a seamless approach to deposits and withdrawals, Xlence aims to make financial transactions straightforward, reflecting the platform’s commitment to providing a hassle-free and user-centered trading experience.

Emphasizing Education and Support for a Global Clientele

The broker’s emphasis on education and support reflects a strong understanding of what traders need to succeed. The platform offers a comprehensive suite of educational resources, designed to benefit both new and experienced traders.

These resources range from beginner-friendly tutorials to advanced insights into market trends and trading techniques. By providing traders with access to these learning tools, Xlence shows it understands that successful trading requires a continuous process of learning and skill development.

Beyond education, Xlence also offers extensive support to its users, showing a notable commitment to accessibility for traders worldwide. With customer service available in over 15 languages, the platform is well-prepared to assist a diverse client base.

This multilingual support underscores the broker’s global perspective, ensuring that traders from various backgrounds can find guidance in their preferred language, which can be especially valuable in navigating complex trading environments. The approach indicates Xlence’s awareness of the varied needs of its clients and highlights its focus on creating a trading environment where users feel valued and supported.

In a highly competitive online trading market, Xlence’s balanced approach to technology, user education, and support sets it apart. The platform’s attention to providing versatile trading options, combined with its dedication to education and global support, suggests that Xlence is well-positioned to become a trusted name in the industry.

This article was written by FL Contributors at www.forexlive.com.




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Jambo and Lif3 Partner to Make Crypto Payments Accessible to Millions in Emerging Markets

Jambo, a leading builder of web3 mobile infrastructure, today announced its partnership with Lif3, the revolutionary omni-chain DeFi Layer-1 ecosystem, to offer millions of Jambo phone users in over 120 countries, with easier access to peer-to-peer crypto payments through the Lif3 mobile app.

Founded by serial entrepreneur and web3 investor Harry Yeh, Lif3’s strategic collaboration merges its innovative DeFi ecosystem with Jambo’s expertise in mobile technology tailored for emerging economies, facilitating developing countries’ access to the world’s financial market.

Emerging markets face unique challenges that require innovative solutions for real problems. In regions like Africa, where 57% of the ~1.5bn population remains unbanked and 50% without access to a smartphone, the collaboration between Jambo and Lif3 is designed to address these issues by providing secure, user-friendly access to real-time crypto payments.

This initiative will empower millions by facilitating enhanced connectivity, improved security, and streamlined access to digital financial services. Additionally, the Lif3 mobile app will be pre-installed on the JamboPhone, complemented by quests and educational programs to help users familiarize themselves with the new technology while earning rewards.

Speaking about the partnership, Harry Yeh, Managing Director of Quantum FinTech Group, said, “Lif3 is committed to unlocking financial opportunities for everyone, everywhere. By partnering with Jambo, we’re simplifying access to decentralized financial solutions, including crypto payments and AI-integrated solutions. This is a pivotal step toward bridging economic gaps and transforming lives in emerging markets.” Adding to this, James Zhang, co-founder of Jambo said, “In many regions across emerging markets, an entire family shares one smartphone and a family member can only use it for a few hours a day. Owning a JamboPhone opens up new possibilities–like discovering a new life. By embedding Lif3 directly within the Jambo ecosystem, we're making it easier than ever for users in emerging markets to safely and efficiently engage with the digital economy. The integration of Lif3 into the JamboPhone is a game-changer for crypto payments, opening new pathways to economic participation that were previously unimaginable.”

The partnership will feature pre-installed Lif3 apps on all JamboPhones globally, allowing users to get their crypto wallet instantaneously and engage in a host of DeFi features integrated within the Lif3 ecosystem. The initiative also plans to include educational programs to assist new users in navigating the web3 space safely and becoming savvy digital citizens.

The Jambo and Lif3 collaboration not only enhances access to digital technologies but also paves the way for financial inclusion in regions where traditional banking has been out of reach. This initiative directly targets the gap in financial services, aiming to bring the unbanked into the economic fold and ignite economic growth from the ground up.

About Jambo

Jambo (https://jambophone.xyz/) – The Most Globally Distributed DePIN Smartphone. Jambo's vision is to bring emerging markets on-chain through building the largest web3 mobile infrastructure network. Jambo is backed by investors globally, including Paradigm, Tiger Global, Pantera, Delphi and more.

Jambo is onboarding the next billion users to web3 with the JamboPhone 2, a premiere web3 Android smartphone starting at only $99 preloaded with the world of web3 at their fingertips. The Jambo Ecosystem is preinstalled on the phone and features web3 mobile games, wallets, payment infrastructure, and more.

About Lif3

Lif3.com is revolutionizing the blockchain industry with its omni-chain DeFi ecosystem and curated Layer-1 blockchain. The self-custody Lif3 Wallet, available on the App Store and Google Play, empowers users by unlocking the full potential of Web3, transforming consumer DeFi, Gaming, iGaming, music, entertainment, and more. $LIF3 is currently listed on Bitfinex, Bitmart, and MEXC.

About Quantum Fintech Group

Quantum Fintech Group is a private investment group founded in 2020, and is focused on providing superior returns in the alternative asset space focusing specifically on blockchain investments.

This article was written by FL Contributors at www.forexlive.com.




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Polkadot and SP Negócios Collaborate to Enhance Crypto Economy Development

SP Negócios, São Paulo’s investment and export promotion agency, has partnered with Polkadot to foster innovation among companies in São Paulo.

Driven by the growing market demand, Polkadot is increasingly positioning itself as an ally for businesses looking to grow in an innovative, secure, and transparent way. It has been sponsoring educational initiatives through Código Brazuca. Thanks to this, companies and citizens in São Paulo will have access to blockchain programming training through Código Brazuca's content starting in December. This will be possible through the partnership established with Polkadot / Sunset Labs and São Paulo’s investment and export promotion agency, SP Negócios.

“The partnership between Polkadot and SP Negócios will contribute to the training of Blockchain Programmers and is open to bringing technology to companies in São Paulo, whether they are startups, small and medium-sized enterprises, or large corporations seeking to invest in or adopt the technology,” says Gustavo J. Massena, Decentralized Business Developer at Polkadot.

The program is free and will be available online, open to companies in São Paulo. Registrations will soon be available through SP Negócios, and no prior qualifications are required.

The partnership with Polkadot is part of SP Negócios’s strategy to boost the business environment within the crypto economy sector, reinforcing São Paulo as a hub of technology and innovation. Blockchain plays a transformative role in various areas, including decentralized finance, asset tokenization, NFTs, and more. By promoting the training of qualified professionals, SP Negócios seeks to attract investments, foster new startups, and solidify the city as a reference in adopting and developing blockchain-based solutions.

About SP Negócios

SP Negócios (https://spnegocios.com/) is an autonomous social service aimed at boosting investments and business in São Paulo. It is linked to the Municipal Secretariat of Economic Development and Employment. The goal is to help São Paulo-based companies conduct more business through exports, innovation and technology, public sector engagement, and improvement of the business environment.

About Polkadot

Polkadot is an open-source, multichain sharing protocol that facilitates the transfer of any type of data or asset, not just tokens, between networks, making a wide range of blockchains interoperable.

This article was written by FL Contributors at www.forexlive.com.




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Who stands to gain from the rise of AI?

Last week, the tech giants — Apple, Amazon, Alphabet, Microsoft, and Meta — released their quarterly reports, which showed steady revenue and profit growth across the board, pretty much in line with previous ones.

However, except for the results of Jeff Bezos’ company and Amazon stock, the investors were not “fully satisfied.” Mixed forecasts for the next quarter and expected spending were of concern, especially in AI.

Although companies are confident in AI's enormous potential, developing and building the infrastructure to support it is proving costly, and results continue to fall short of expectations.

Right now, the biggest beneficiaries of the AI boom are similar to those in the gold rush — the ones supplying the tools. In today’s terms, that means essential hardware and cloud service providers.

For example, Microsoft Cloud quarterly revenue grew 22% year-over-year to $38.9 billion, with Azure and other cloud services experiencing a 33% increase, about 12% of which was driven by AI services.

Amazon's AWS, in turn, generated $27.4 billion in Q3. Although slightly below expectations, growth in this segment remains strong at 19% (up from 12% last year), underscoring the growing demand for it.

Chipmakers, which drive these AI advances, are also experiencing huge gains. Leading the way is Nvidia, which recently surpassed Apple in market capitalization to become the world's most valuable company.

Taiwan's TSMC, a major chip supplier to giants such as Nvidia, Apple, and AMD, is also thriving. TSMC's technology powers leading-edge products in smartphones and advanced computing systems.

TSMC's third-quarter revenue rose 36% to $23.5 billion, while net profit soared 54.2% to $10.1 billion. Revenue from high-performance computing chips now accounts for 16% of the company's profit.

Who else benefits from the AI boom?

The list is not short: data centers, telcos, and networking companies are all reaping benefits, as are mining companies, driven by increased demand for metals and materials for chips and electronics.

Another big beneficiary could be the energy sector. Following the rise of AI tools such as ChatGPT, the UAE's Minister of Industry and Advanced Technology noted that global energy demand is expected to double.

Apparently, a single ChatGPT query requires ten times more energy than a Google search. As AI usage increases, so will the need for more data centers that do not run on air.

The minister expects a seven-fold increase in the use of solar and wind power, at least a 65% increase in demand for LNG, and a continued reliance on oil for fuel and other products.

This article was written by FL Contributors at www.forexlive.com.




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Dukascopy Bank Celebrates 20 Years of Innovation and Stability in Trading and Banking

Since its founding in 2004, Dukascopy has grown into a trusted, innovative leader in the fintech and online trading space, providing clients with advanced tools and a stable platform for smart financial decisions.

Over the past 20 years, Dukascopy has reached major milestones that reflect its core values of stability, innovation, and putting clients first. From its proprietary JForex platform to the popular MT4 and MT5, Dukascopy offers a variety of trading platforms along with modern neo-banking services for both individuals, businesses, and institutions. The bank has also led the way in technology upgrades with White Label and banking-as-a-platform solutions.

As Dr.Andre Duka, Dukascopy’s founder, says, "Innovation has always been at the heart of what we do. We aim to continue delivering these high standards into the future. Thank you, our clients, for choosing us for these 20 years."

Currently, Dukascopy (https://dukascopy.click/agw) proudly serves over 400,000 clients across both trading and banking services. This commitment to delivering cutting-edge solutions, backed by Swiss-grade stability, has allowed the company to maintain long-term relationships with clients, many of whom have been trading and banking with Dukascopy for decades.

As the company looks toward the future, Dukascopy remains focused on empowering traders and banking clients, expecting significant growth of its client base across all segments, from trading to neo-banking, corporate to white-label services.

This article was written by FL Contributors at www.forexlive.com.




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Rekt Raises $1.5M Seed Round Backed by Angels and Community

Rekt Brands Inc. (Rekt), the parent company behind the Rektguy NFT project, Rekt Drinks, and the Rekt brand intellectual property, is excited to announce the completion of a $1.5 million seed funding round. Funded exclusively by angel investors and the community—without institutional venture capital—this achievement highlights the support Rekt received from its loyal and growing network.

This funding announcement follows the debut of Rekt Drinks, Rekt’s first consumer product: a lime-flavored sparkling water with zero caffeine and zero alcohol, featuring the Rekt branding. Rekt Drinks made its debut last week with 222,456 units available across 32 countries. The entire stock sold out in under 48 hours, with demand in the U.S. alone resulting in a complete sell-out within just 4 hours and 20 minutes. This launch represents one of the largest real-world product sales by a Web3 brand, reinforcing Rekt’s potential as a cultural force in both digital and traditional markets.

Rekt was founded from the success of the Rektguy NFT collection, created by artist Ovie Faruq (OSF) in May 2022. Since then, the Rektguy project has expanded into Rekt Brands, which oversees the Rekt IP and pioneered a unique industry model by offering equity in the parent company directly to its NFT holders, utilizing a Reg CF exemption under SEC guidelines in the U.S.

“Rekt has had a die-hard, cult-like community for the past 2 years, and our ambition is to fulfill its potential as one of the largest Web3 brands,” said OSF. “With the sell-out of our drinks last week, that’s 222,456 times someone is going to pick up a can with the Rekt logo and a Rektguy on it. It’s a magnitude higher for us in terms of brand awareness.”

With this new funding, Rekt is poised to expand its product lineup, strengthen its brand awareness in and outside of Web3, while further bridging digital culture with physical consumer products. The Rekt community remains at the heart of the brand’s mission, with upcoming projects that will continue to empower, engage, and reward its dedicated supporters.

About Rekt

Rekt Brands Inc. (https://x.com/rektbrands) is the parent company that owns the Rektguy NFT project, Rekt Drinks, and the Rekt brand intellectual property. Established from the success of the Rektguy NFT collection by artist Ovie Faruq (OSF), the brand has expanded into consumer goods and groundbreaking community equity models. Rekt aims to redefine brand ownership and engagement through its Web3 foundation, innovative products, and viral global community.

This article was written by FL Contributors at www.forexlive.com.




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Bank of England Monetary Policy Committee member Catherine Mann speaking Wednesday

0945 GMT / 0445 US Eastern time - Bank of England policymaker Catherine Mann is a panellist on the Female Central Bankers panel organised by BNP Paribas’ Global Markets

*

The Bank of England cut last week

Expectations are for slower cuts ahead:

This article was written by Eamonn Sheridan at www.forexlive.com.




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Fed speakers on energy, the economy, and maybe policy due on Wednesday

We had Fed speakers on Tuesday US time, Kashkari watered down the prospect of a December rate cut ... didn;t rule it out but he sounds shaky:

The agenda ahead includes another three. The times below are GMT/US Eastern time format:

  • 1435/0935 Federal Reserve Bank of Dallas President Lorie Logan gives opening remarks before hybrid "Energy and the Economy: Meeting Rising Energy Demand" Conference hosted by the Federal Reserve Banks of Dallas and Kansas City
  • 1800/1300 Federal Reserve Bank of St. Louis President Alberto Musalem speaks before an Economic Club of Memphis luncheon
  • 1830/1330 Federal Reserve Bank of Kansas City President Jeffrey Schmid gives luncheon keynote before hybrid "Energy and the Economy: Meeting Rising Energy Demand" Conference hosted by the Federal Reserve Banks of Dallas and Kansas City
This article was written by Eamonn Sheridan at www.forexlive.com.




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NAB Joins Leading Organization Working on Unified Response to COVID-19 Pandemic

WASHINGTON, D.C. – Given broadcasters' integral role in educating the public on COVID-19 and vaccine deployment, the National Association of Broadcasters (NAB) has joined the COVID Collaborative, a national assembly of experts and organizations working on unified action against the COVID-19 pandemic. NAB President and CEO Gordon Smith will serve on the Collaborative’s National Advisory Council.




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NAB Statement on Department of Justice Decision on ASCAP and BMI Consent Decrees

WASHINGTON, D.C. – In response to the Department of Justice's decision to take no action on the consent decrees governing the performance royalty organizations ASCAP and BMI, the following statement can be attributed to NAB President and CEO Gordon Smith:




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NAB Announces Creation of Advisory Committee Focused on Diversity, Equity and Inclusion

WASHINGTON, D.C. – The National Association of Broadcasters (NAB) today announced the creation of an advisory committee to the NAB Board of Directors that will provide insights and suggestions on diversity, equity and inclusion (DEI) issues. The committee will consist of senior-level broadcasters who are women and people of color, and may include current NAB and NAB Leadership Foundation (NABLF) board members who are committed to advancing DEI issues in broadcasting.




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NAB Statement on Introduction of Journalism Competition and Preservation Act




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NAB Statement on Increase in Violence Against Asian Americans and March 16 Shootings in Atlanta

NAB Statement on Increase in Violence Against Asian Americans and March 16 Shootings in Atlanta




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PILOT Awards 2021 Media Technology and Innovation Scholarships




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New NAB Spotlight Series Features Dialogue with Members of Congress on Diversity, Equity and Inclusion

Washington, D.C. -- U.S. Rep. Karen Bass (CA-37) will be the inaugural guest in an exclusive new Spotlight Series from the National Association of Broadcasters (NAB) featuring members of Congress discussing key initiatives to advance diversity, equity and inclusion and their perspectives on broadcast media.