Latest news with #NorthAmerican-based
CNBC
3 days ago
- Business
- CNBC
Tech is getting a boost from AI ad tools. Some companies are being left behind
Artificial intelligence has been a shot in the arm for digital advertising. Meta and Alphabet both reported sales and earnings that beat Wall Street's expectations, but the strength in digital ad spend was notable. Meta CEO Mark Zuckerberg said during the earnings call that AI helped imbue "greater efficiency and gains across our ad system," thus contributing to the 22% year-over-year increase of second-quarter sales that hit $47.52 billion. Meta finance chief Susan Li also told analysts during a follow-up earnings call on July 30 that the online ad market appears to have improved since April. In April, Li noted that Asia-based online retailers pulled back on their digital ad spending amid broader macroeconomic uncertainty due to President Donald Trump's tough tariffs and the closing of the de minimis trade loophole. This quarter, Li said there's been a noticeable "improvement" with those Asian-based ecommerce firms, which have increased their digital ad spending on the platform along with small, North American-based advertisers. "We generally expect another quarter of healthy advertising demand," Li said about the advertising pickup. Gil Luria, the head of technology research at D.A. Davidson, said that while there is still broader macroeconomic uncertainty, "today, digital advertising in general, is doing well; It is simply an extension of the fact that the consumer is still strong." "There's optimism that consumer spending will hold up and therefore all the downstream markets will hold up," Luria said. "I think one of the things that its earnings taught us was that you can spend a lot of money on AI when your core business is doing well, and especially when your core business has been already benefiting from the investments that you've made in AI," Jasmine Enberg, a vice president and principal analyst for eMarketer, said about Meta's second quarter. The continued jaw-dropping pace of AI spending also doesn't seem to be slowing any time soon. Alphabet added an extra $10 billion to its 2025 forecast for capital expenditures, now pegged at $85 billion, while Meta raised the low end of its capital expenditures for the year to come in between $66 billion and $72 billion instead of $64 billion and $72 billion. Investors showed no signs of trepidation about Meta and Alphabet's massive AI spend because those companies' overall sales continued to rise. Outside of the tech giants, Reddit reported strong second-quarter sales of $500 million, representing a 78% year-over-year increase that helped lift the company's shares as much as 20%. "They kind of rose back like a phoenix and had some extraordinary results," Luria said about Reddit, which saw its shares plummet over 15% in February after it reported weaker-than-expected user numbers due to a Google search algorithm change. Reddit's blockbuster quarter contrasted with similar-sized peers like Snap and Pinterest, which both reported lukewarm quarterly earnings this week. Snap's second-quarter sales grew only 9% year-over-year and it missed Wall Street's estimates on global average revenue per user, a metric that refers to how much money the company derives from each user. Contributing to the miss was a botched update to Snap's advertising platform that hurt the company's "topline growth," Snap CEO Evan Spiegel said in an investor letter. The Snapchat parent on Wednesday also added Reddit to its list of competitors in its latest 10-Q filing on Wednesday, indicating a potential, burgeoning rivalry. Meanwhile, Pinterest shares sank over 10% on Thursday after it reported second-quarter earnings that missed on earnings per share. Pinterest finance chief Julia Brau Donnelly told analysts during an earnings call that the company is still noticing some tariff-related concerns, "and broader market uncertainty" as it previously indicated in May. Unlike Meta, Donnelly said that "Asia-based e-commerce retailers pulled back spend in the U.S.," underscoring how some advertisers gravitate toward bigger online ad platforms amid any signs of global economic uncertainty. "There's very little room for mistakes or missteps," Engberg said about the quarterly earnings reports from smaller tech firms like Snap and Pinterest. WATCHTech growth rates are remaining robust.
USA Today
30-07-2025
- Business
- USA Today
NBA sets schedule for 2025-26 games in Europe, unveils plans for 2027, 2028
The NBA on Wednesday announced its regular-season European schedule for the 2025-26 season and unveiled plans to play regular-season season games in Paris, Berlin and Manchester in 2027 and 2028. The Memphis Grizzlies and Orlando Magic will play two games in Europe this season – in Berlin on Jan. 15, and in London on Jan. 18. "Announcing the next three season's regular-season games in Europe reflects the incredible momentum and appetite for NBA basketball in France, Germany, the UK and across the region," NBA managing director of Europe and Middle East George Aivazoglou said in a news release. "We look forward to welcoming the Grizzlies and the Magic to Berlin and London and to engaging fans, players and the local communities through the games and the surrounding events." The Magic's Franz and Mo Wagner are from Germany, and the Berlin game will the NBA's first regular-season game in the country. "To have the Orlando Magic and the NBA play a regular-season game in our hometown of Berlin means everything to us," the Wagner brothers said in a joint statement. "Growing up here, we dreamed of moments like this. It's a huge honor to represent Berlin and Germany and show how much the city and country love basketball. We hope we can inspire kids the way we were inspired watching games from afar." Europe, get ready! ✈️🌍The NBA will host SIX regular-season games in Europe over the next three years, with games to come in Berlin and London (2026), Manchester and Paris (2027) and Berlin and Paris (2028).🗞️ The NBA's push into the European market has been steady and unsurprising. As the league considers expansion of its North American-based league, it is also exploring the creation a new league based in Europe – with the idea of adding already existing franchises and creating franchises in underserved markets. "Just as the same as in American cities, we think there's an opportunity to serve fans in Europe," NBA commissioner Adam Silver said at the NBA Finals. "No knock on European basketball, because most of those international MVPs I just talked about are coming from Europe. There's really high-level basketball being played there. But we think there is an opportunity to better serve fans there. I view that as a form of expansion as well, and that's something we're also thinking hard about."
Business Wire
08-07-2025
- Business
- Business Wire
Lightshift Energy Secures up to $40 Million Corporate Credit Facility From Aiga Capital Partners to Accelerate Energy Storage Portfolio
ARLINGTON, Va.--(BUSINESS WIRE)--Lightshift Energy, a leading energy storage developer, owner, and operator today announced the financial close of a credit facility for up to $40 million with Aiga Capital Partners ("Aiga'), an institutional investment platform that specializes in innovative financing solutions for North American-based companies developing sustainable infrastructure assets. The facility will serve as a strategic tool to support Lightshift's rapidly growing portfolio by funding interconnection and power purchase agreement ('PPA') security requirements, equipment deposits, and other uses. The expandable credit line comes at a critical time as Lightshift transitions a significant portion of its pipeline into construction during the second half of 2025 and into 2026. 'This financing milestone strengthens our balance sheet and positions Lightshift to execute with speed and certainty as we bring more of our high-impact projects online,' said Rory Jones, Co-Founder and Managing Partner at Lightshift Energy. 'We are pleased to partner with Aiga, whose innovative approach to structured credit supports our mission to advance a more resilient, capable and lower-cost grid.' 'At Aiga, we are committed to delivering creative, scalable financing solutions to best-in-class developers leading the energy transition,' said Angel Fierro, Managing Partner at Aiga Capital Partners. 'Lightshift has demonstrated both the technical expertise and disciplined execution needed to drive the next generation of battery storage deployment, and we are excited to support their ambitious build-out.' With this transaction, Lightshift Energy further establishes itself as a trusted partner to utilities, large-load customers, and communities seeking reliable and flexible clean power solutions. About Lightshift Energy Lightshift Energy is a utility-scale energy storage project developer, owner and operator headquartered in Arlington, Virginia. Founded in 2019, Lightshift is developing a diverse, multi-gigawatt pipeline of energy storage projects, located throughout the U.S. With leading energy storage analytics, application design, finance, and development expertise, Lightshift deploys dynamic, multi-use energy storage projects that maximize value for utilities and other partners, while reinvesting directly into the communities where their projects are located. For more information, please visit About Aiga Capital Partners Aiga is a minority-owned investment platform supporting the energy transition with structured debt and equity solutions for developers of sustainable assets in North America. In an effort to contribute towards net zero emission goals, its strategy targets growth capital deployment opportunities in renewable energy, energy storage and other sustainable infrastructure sectors. To learn more, visit:
Hamilton Spectator
17-06-2025
- Business
- Hamilton Spectator
BUSCANDO UPDATE ON PORTFOLIO EXPANSION, EXPLORATION LAUNCH AND CLOSING THE FIRST TRANCHE OF THE PRIVATE PLACEMENT
Vancouver, BC, June 17, 2025 (GLOBE NEWSWIRE) — Buscando Resources Corp. ('Buscando' or the 'Company') (CSE: BRCO), a North American mineral exploration company focused on critical metals and the rapidly growing sector of natural hydrogen, is pleased to provide a comprehensive corporate update highlighting recent portfolio expansion, ongoing field activities, and key upcoming milestones. The Company also confirms the successful closing of the first tranche of its previously announced non-brokered private placement financing (the 'Private Placement'), as disclosed on April 29, 2025. Recent Highlights: ' We are entering a new phase of Buscando's growth story ,' stated Brad Kitchen, President of Buscando Resources. ' From natural hydrogen to critical metals, the Company is building a forward-facing portfolio aligned with long-term energy and security priorities in North America. Management has built early momentum by acquiring assets and executing early-stage exploration programs and is now focused on execution and creating value through discovery and innovation .' Corporate Update The Company has expanded its asset base through the acquisition of Element One and its two North American-based projects with natural hydrogen and critical mineral potential. Element One is a 100%-owned subsidiary of Buscando and will be the vehicle for expanded research and further acquisitions in the exciting field of natural hydrogen. The newly acquired Union Bay project in Alaska and the Star project in British Columbia collectively span over 4,800 hectares and offer dual potential: exploration for critical minerals - such as copper, nickel, and PGEs - and naturally occurring geologic hydrogen. At the same time, Buscando has completed an early-season exploration program at its Foggy Mountain Project in British Columbia. The Company is currently analyzing results—including advanced magnetics, inversion modelling, and target generation—which will guide upcoming geochemical surveys and potential drilling campaigns aimed at identifying new zones of mineralization in this highly prospective region. This dual-focus strategy positions Buscando uniquely at the intersection of two macro trends: the global race for critical minerals supply and the accelerating interest in clean hydrogen as a next-generation energy solution. With geoscientific collaboration underway—including partnerships with research institutions and access to US and Canadian government-supported natural hydrogen and critical mineral recovery and extraction programs, Buscando aims to validate the presence of hydrogen-hosting systems on its properties. In the coming months, Buscando will: Private Placement Tranche One The Company issued 750,000 units (the 'Units') at CAD$0.20 per Unit for aggregate gross proceeds of CAD$150,000 (the 'Offering'). The Company expects to close the balance of the financing prior to month end. Each Unit is comprised of one common share in the capital of the Company (each a 'Share') and one-half of one common share purchase warrant (each a 'Warrant'). Each full Warrant will entitle the holder to acquire one (1) additional Share (the 'Warrant Shares') at an exercise price of CAD$0.30 per common Share for a period of eighteen (18) months from the closing date, subject to an acceleration clause in the event the trading price of the Shares equals or exceeds CAD$0.45 for a period of ten (10) consecutive trading days. There were no finders' fees paid in relation to tranche one close. Certain Directors and Management of the Company purchased an aggregate of 750,000 Units CAD$150,000 in the private placement. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101') contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of such insider participation. The Company intends to use the proceeds raised from the Offering for the payment of the purchase price pursuant to the Acquisition, review and completion of the phase 1 work program on the Foggy Mountain Property, review and investigation of future potential property acquisitions and for general administrative Company expenses. All securities that are issued pursuant to the Offering are subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws. Qualified person The scientific and technical information disclosed herein has been reviewed and approved by Jeremy Hanson, PGeo., who is an independent consulting geologist to the company and a qualified person as defined by National Instrument 43-101 — Standards of Disclosure for Mineral Projects. About the Company Buscando Resources Corp. is an exploration company focused on the acquisition, exploration and development of natural resource properties located in Canada. For more information on Buscando please contact the Company (+1 250-877-1394) or visit the website . On behalf of the Board of Directors, BUSCANDO RESOURCES CORP. 'Kyler Hardy' Chief Executive Officer Email: khardy@ This press release contains 'forward-looking information' that is based on the Company's current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the completion of the Company's Offering and exploration and development plans and the closing of the Acquisition, as anticipated or at all. The words 'will', 'anticipated', 'plans' or other similar words and phrases are intended to identify forward-looking information. Forward-looking statements in this news release includes statements related to the Transaction, receipt of all necessary regulatory approvals to the Transaction, satisfaction of the conditions precedent to the Transaction, closing of the Offering, the intended use of proceeds from the Offering, the payment of finders' fees and issuance of securities in connection therewith and related matters. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information. Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release.
Yahoo
11-06-2025
- Business
- Yahoo
GraceMed announces appointment of Dan Pawliw as Chief Executive Officer
Dan Pawliw headshot TORONTO, June 11, 2025 (GLOBE NEWSWIRE) -- GraceMed, a leading consolidator in the plastic surgery, dermatology, and medical aesthetics industry, is pleased to announce the appointment of Dan Pawliw as its new Chief Executive Officer. A highly respected leader in clinical healthcare services, Dan brings a proven track record of innovation, growth, and team building. Over the past decade, he played a pivotal role in shaping and expanding Medcan, transforming it into one of Canada's most prominent health and wellness brands. He also co-founded Akira Health, a leading virtual healthcare services platform, which served millions of patients and was later acquired by Telus Health. He previously held roles in investment banking at Goldman Sachs in New York and JP Morgan H&Q in San Francisco. "Dan's leadership philosophy aligns with GraceMed's mission," said Dr. Douglas Grace, Founder and Chief Medical Officer of GraceMed. "His unwavering dedication to excellence in client care, forward-thinking approach to healthcare innovation, and deep appreciation for the incredible team behind it all will be instrumental in guiding GraceMed into its next chapter of growth." GraceMed seamlessly integrates cutting-edge technology with industry-leading procedures and best-in-class medical expertise. The team of highly skilled practitioners is committed to delivering personalized, high-quality care, ensuring exceptional results that help patients both look and feel their best. Dan joins GraceMed at a pivotal moment, as the company continues to evolve and redefine aesthetic, surgical, and functional medicine care across Canada. Dan Pawliw holds an MBA from Northwestern University and a Bachelor of Commerce from Queen's University. About GraceMedGraceMed is a North American-based platform helping more and more patients realize their true self. As a leading consolidator in the plastic surgery, dermatology and medical aesthetics industry, GraceMed partners with leading physicians and medical providers to deliver exceptional patient outcomes and results. For more information, visit Media contact:Dale GagoCommunications and Marketing Business PartnerFengate Asset 326 1473 A photo accompanying this announcement is available at: nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
