US stocks rose Monday, with the Dow finishing at a fresh record as markets greeted Donald Trump's pick for treasury secretary, while oil prices retreated on hopes for a ceasefire between Israel and Hezbollah. The Dow climbed one percent to a second straight all-time closing high on news of the selection of hedge fund manager Scott Bessent to lead the critical economic policy position. A widely respected figure on Wall Street, Bessent is seen as being in favor of growth and deficit reduction policies and not known overly fond of trade tariffs. The market "breathed a sigh of relief" at Bessent's selection, said Art Hogan from B. Riley Wealth Management. But after an initial surge Monday, the gains in US equities moderated somewhat. While investors are enthusiastic about the possibility of tax cuts and regulatory relief under Trump, "we do have to face the potential for tariffs being a negative as well as a very tight market around immigration, which is not positive for the economy," Hogan said. Earlier, equity gains were limited in Europe as growth concerns returned to the fore with Germany's Thyssenkrupp announcing plans to cut or outsource 11,000 jobs in its languishing steel division. Currently around 27,000 people are employed in the steel division, which has been battered by high production costs and fierce competition from Asian rivals. Elsewhere, crude oil prices fell decisively as Israel's security cabinet prepared to decide whether to accept a ceasefire in its war with Hezbollah, an official said Monday. The United States, the European Union and the United Nations have all pushed in recent days for a truce in the long-running hostilities between Israel and Hezbollah, which flared into all-out war in late September. Speaking on condition of anonymity, an Israeli official told AFP the security cabinet "will decide on Tuesday evening on the ceasefire deal." And bitcoin's push toward $100,000 ran out of steam after coming within a whisker of the mark last week, on hopes that Trump would enact policies to bring the cryptocurrency more into the mainstream. Bitcoin was recently trading under $96,000, having set a record high of $99,728.34 Friday -- the digital currency has soared about 50 percent in value since Trump's election. This week's data includes a reading of consumer confidence and an update of personal consumption prices, a key inflation indicator. Those reporting earnings include Best Buy, Dell and Dick's Sporting Goods. New York - Dow: UP 1.0 percent at 44,736.57 (close) New York - S&P 500: UP 0.3 percent at 5,987.37 (close) New York - Nasdaq: UP 0.3 percent at 19,054.84 (close) London - FTSE 100: UP 0.4 percent at 8,291.68 (close) Paris - CAC 40: FLAT at 7,257.47 (close) Frankfurt - DAX: UP 0.4 percent at 19,405.20 (close) Tokyo - Nikkei 225: UP 1.3 percent at 38,780.14 (close) Hong Kong - Hang Seng Index: DOWN 0.4 percent at 19,150.99 (close) Shanghai - Composite: DOWN 0.1 percent at 3,263.76 (close) Euro/dollar: UP at $1.0495 from $1.0418 on Friday Pound/dollar: UP at $1.2564 from $1.2530 Dollar/yen: DOWN at 154.23 yen from 154.78 yen Euro/pound: UP at 83.51 pence from 83.14 pence West Texas Intermediate: DOWN 3.2 percent at $68.94 per barrel Brent North Sea Crude: DOWN 2.9 percent at $73.01 per barrel bur-jmb/dw
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NEW YORK--(BUSINESS WIRE)--Nov 22, 2024-- Attentive , the AI-powered mobile marketing platform, today announced it ranked #242 on the Deloitte Technology Fast 500 TM, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30 th year. Attentive’s rapid growth, marked by a 493% increase over the past three years, can be attributed to its native personalization solutions driven by artificial intelligence and machine learning to deliver one-on-one communications at scale. "Today's generic online shopping experience will soon be outdated," says Amit Jhawar, CEO of Attentive. "The future is about personalizing every consumer interaction with AI, and Attentive is poised to lead this transformation. The continued recognition by Deloitte is a testament of seeing more global brands reset their technical stack to take advantage of Attentive’s modern capabilities that enable smarter, more dynamic conversations that lead to measurable growth." Attentive continues to deliver significant value for brands in both revenue and business growth. According to the Total Economic Impact TM of Attentive SMS Marketing, a commissioned study conducted by Forrester Consulting , the composite Attentive customer experienced total benefits of $10.11 million (USD) over three years, with an 181% return on investment. Attentive has been named to the Deloitte Technology Fast 500 award for four consecutive years. The company achieved several additional significant milestones, including: Generating $20 billion in revenue for customers in 2023, an over 40% increase year over year. Launching two premium AI-powered solutions: AI Pro and AI Journeys, as part of the Attentive AI suite, a cutting-edge suite that enables brands to send hyper-personalized messages that drive maximum performance. These solutions have set a new benchmark in the marking industry, with major brands like Hot Topic, Crate & Barrel, and UGG seeing an average revenue lift of 124%. This holiday season, we expect 90% of Attentive brands will use Attentive AI-influenced messages for uplift in marketing performance. Enhancing Attentive Email , with customers seeing a 95% increase in triggered email revenue. Expanding its global platform to more than 20 countries , with the U.K. seeing 128% revenue growth and Australia seeing 125% revenue growth. Entering new verticals such as sports, media, and entertainment , with over 40% of major professional sports leagues now using the platform for fan engagement and ticket sales. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America. About Attentive Attentive® is the AI-powered mobile marketing platform transforming the way brands personalize consumer engagement. Attentive enables marketers to craft tailored journeys for every subscriber, driving higher recurring revenue and maximizing campaign performance. Activating real-time data from multiple channels and advanced AI, the platform personalizes content, tone, and timing to help brands deliver 1:1 messages that truly resonate. With a top-rated customer success team recognized on G2, Attentive partners with marketers to provide strategic guidance and optimize SMS and email campaigns. Trusted by leading global brands like GUESS, Urban Outfitters, and Steve Madden, Attentive ensures enterprise-grade compliance and deliverability, supporting trillions of interactions across more than 70 industries. To learn more or request a demo, visit www.attentive.com or follow us on LinkedIn , X (formerly Twitter), or Instagram . About Deloitte Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future . Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241122866813/en/ PR Contact: Annie Lee, Attentive,press@attentive.com KEYWORD: UNITED STATES NORTH AMERICA NEW YORK INDUSTRY KEYWORD: DATA MANAGEMENT TECHNOLOGY PROFESSIONAL SERVICES MARKETING COMMUNICATIONS OTHER TECHNOLOGY DIGITAL MARKETING SOFTWARE ARTIFICIAL INTELLIGENCE MOBILE/WIRELESS FINANCE SOURCE: Attentive Copyright Business Wire 2024. PUB: 11/22/2024 01:07 PM/DISC: 11/22/2024 01:06 PM http://www.businesswire.com/news/home/20241122866813/en