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Pros and Cons of Forex Trading: Is Forex Right for You?

CedarFX

In the past, large financial institutions, major fund managers, large corporations and high net worth individuals were virtually the only participants in the huge forex market outside of national central banks. With the advent of forex trading with the internet, however, just about anyone can now open a forex trading account and begin trading currencies online. Even though the forex market has been made available to a wide audience of retail forex traders, currency speculation remains a risky endeavor. Studies show that more than 3/4 of new forex traders still lose money. Trading in the forex market certainly has its advantages but it also poses a considerable risk, especially to the novice trader. Keep reading to get a better picture of the pros and cons of forex trading. The Pros of Forex Trading The foreign exchange market has a number of advantages not found in other markets. These include: Easy Access The forex market is now probably the easiest financial market to open an account and begin trading in. Opening an online forex trading account can be done from anywhere in the world with as little as $1 and an internet-connected smart device. Practice Trading You can easily practice trading or gauge an online broker’s services and trading platform by opening a free demo account that almost all forex brokers offer. Leverage Unlike the stock market that involves purchases, forex positions are based on an exchange of currencies. While you can only leverage stock trading positions in a margin account at a 2:1 ratio, forex trades can be leveraged up to 1000:1 in some jurisdictions. U.S. regulations that apply to retail forex traders have tightened maximum allowed leverage ratios to 50:1 for major currency pairs and 20:1 on minor pairs, while the E.U. now limits retail forex leverage ratios to 30:1 for majors and 20:1 for minors. Quick Returns Once profitable forex positions are liquidated, the profits can be made available immediately for withdrawal, depending on the forex broker used. Ease of Going Long or Short Unlike in some stock markets, there are no uptick rules that prevent you from going short, so you can buy or sell currency pairs freely. When you take a position in the forex market, you take both long and short positions simultaneously by going long or short the base currency against the counter currency. High Liquidity The liquidity in the forex market is unmatched by any other capital market and central banks oversee the markets in their national currencies. Special circumstances, like the sudden imposition of exchange rate regimes, the release of major economic data and geopolitical events, can adversely affect the liquidity in affected currency pairs while the forex market is reacting to the new information. Less Chance of Market Manipulation Due to the size and depth of the forex market, manipulation of this huge market can be very difficult even for hedge funds and large corporations. Even national central banks can have difficulty manipulating the forex market, although they do sometimes step in to mitigate sharp market movements in their currencies. Low Trading Costs Overall, trading costs for forex compare quite favorably to other markets. If you mainly trade in major currency pairs, then dealing spreads tend to be tight, which reduces your trading costs. Dealing spreads in the minor and exotic currency pairs are typically wider, however, which increases your trading costs in those pairs. Simpler Tax Rules As “988 traders” according to the Internal Revenue Code (IRC), U.S.-based forex traders can deduct all of their trading losses for a given year. They can be taxed as a futures and options trader of 1256 contracts under the 60/40 rule that specifies that 60% of gains or losses are treated as long-term capital gains or losses, while 40% of gains or losses are treated as short term. Consult with your accountant to see what rules apply and what tax plan makes the most sense for you. Ability to Automate Your Trading Many online forex brokers support the MetaTrader 4 or 5 trading platforms that allow you to run “expert advisor” or EA software that lets you automate your trading. Other trading platforms also offer this feature, so check with your broker to find out if their platform supports automation. Open 24 Hours a Day During Trading Week The forex market opens at 5 p.m. EST on Sunday and closes at 5 p.m. EST on Friday. The forex market remains open continuously 24 hours a day during that trading week. The various trading sessions that correspond to major global money centers, like London, Tokyo and New York, also provide different levels of liquidity in certain currency pairs. For example, currency pairs containing the Japanese yen, Singapore dollar and the Australasian currencies tend to be more liquid during the Tokyo trading session. Lower Overhead Thanks to high liquidity and lower trading costs, your overhead as a forex trader tends to be lower than if you traded in other financial markets. Since forex trading is typically commission free, you usually just need to pay away the dealing spread. Also, all you’ll need to get started trading forex is an internet-connected device and a modest amount of risk capital to use as a margin deposit. The Cons of Forex Trading Now let's take a look at the cons of forex trading. Trading Against Professionals As a retail forex trader, you basically trade against a host of professional traders, large multinational corporations, national central banks and hedge funds that always have a presence in the forex market. Knowledge of World Events Since the forex market consists of national currencies, a knowledge of macroeconomics and familiarity with world events can be extremely important to achieve consistent profits. Ideally, you would limit your trading to a handful of currency pairs, researching each country’s fundamentals to make more informed decisions on trade. Lower Regulation Due to the unregulated nature of the forex market, many online forex brokers operate with little or no oversight depending on the broker’s jurisdiction. While this may be an issue in some countries, if you’re based in the Eurozone, U.K. or U.S. jurisdictions, you may only be able to trade with forex brokers regulated by the Commodities Futures Trading Commission (CFTC) in the U.S., the Financial Conduct Authority (FCA) in the U.K. or the Cyprus Securities and Exchange Commission (CySEC) in the E.U. Exchange Rate Valuations Unlike stocks, the origin of currency valuations aren’t as apparent and rely on a series of factors that may or may not be readily apparent in the market. This works against retail traders who might not have access to this type of information. Leverage Trading with leverage represents a double-edged sword for forex traders. On the one hand, you can magnify your profits, but by the same token your losses also increase with leverage. Leverage can be just as much of an advantage as a disadvantage to forex trades. Volatility Another example of a two-edged sword, while volatility remains a staple of short-term traders, volatility can be difficult to deal with for traders looking at the medium and long terms and could catch them off guard. Patience Required Successful trading typically requires patience as you wait for good opportunities to arise. Most traders also need to “get into the groove,” which means they need time to get used to the forex market in order to trade profitably. Trading in a demo account could be helpful for novice traders with limited experience. Contact Details CedarFX +1 877-440-9464 info@cedarfx.com Company Website https://www.cedarfx.com/

September 19, 2023 04:18 PM Eastern Daylight Time

FAMILY QUEST ENTERTAINMENT LAUNCHES AS NEW INDUSTRY LEADER IN LIVE EVENT ENTERTAINMENT AND EDUCATIONAL EXPERIENCES

Family Quest

Family Quest Entertainment, a new live event organization specializing in family entertainment and education, launched today as the parent company for Jurassic Quest and Brick Fest Live. Backed by L2 Capital, Family Quest Entertainment named longtime entertainment executive Jeff Munn the company’s first CEO. Munn was most recently the CEO of Jurassic Quest and will now oversee all properties under the Family Quest Entertainment umbrella. The announcement coincides with the 10th anniversary of Jurassic Quest, which has hosted over 10 million guests in more than 250 cities throughout North America since it launched in September 2013. “With a portfolio that includes the highest attended dinosaur exhibition in North America and the number one attended brick event for families, Family Quest Entertainment is already garnering paid attendance numbers that position us as one of the top family touring companies,” said Munn. “We plan to expand Jurassic Quest and Brick Fest Live into new markets, offer new experiences, and bring positive family memories to even more fans worldwide. We will be adding even more properties to Family Quest Entertainment in 2024.” Munn added, “Our goal is to create engaging moments and interactive opportunities through entertainment. We are proud that Jurassic Quest is the largest, most scientifically realistic dinosaur experience on the continent, and Brick Fest Live unlocks imagination and creativity through hands-on engagement. We will continue to prioritize edutainment throughout Family Quest Entertainment.” L2 Capital acquired Jurassic Quest in 2019 and added Brick Fest Live earlier this year, setting the stage for the launch of Family Quest Entertainment. Across the properties, Family Quest Entertainment projects more than 3 million attendees in 2024 and will continue to expand partnerships, which currently include local and regional sponsors along with national brands such as eBay, State Farm, and T-Mobile. Notable figures about each property: Jurassic Quest: 250+ North American cities played Over 10 million tickets sold in 10 years Over 2 million social media followers Brick Fest Live: 57 U.S. cities played in 67 venues Over 1.1 million attendees since 2014 Owns Guinness World Record for the Largest LEGO Mosaic of a LEGO minifigure As part of the announcement, Family Quest Entertainment named Tyler Semerdjian Chief Marketing Officer, Amanda Gabelman Vice President of Brand & Experience, and Andriana Magness Vice President of Tour Development & Routing. Semerdjian worked as the VP of Marketing for the San Diego Seals in the National Lacrosse League before joining the organization in July 2023. Gableman spent over 12 years at Feld Entertainment and more than four years at the Harlem Globetrotters before joining Jurassic Quest in 2021. Magness worked for VStar Entertainment Group for over 15 years in their booking department prior to joining Jurassic Quest in 2020. “Under Jeff’s leadership and an incredible team with unmatched industry experience, Family Quest Entertainment will create countless memories and learning opportunities for millions of families every year,” said L2 Capital Partner Lorin Cassidy Wolfe. “We look forward to growing our platform globally.” Munn spent over three decades of his live events career with the Harlem Globetrotters, where he served in various executive capacities, including Chief Operating Officer. He was named CEO of Jurassic Quest in August 2022 and held that position for 13 months until his role was expanded as the CEO of Family Quest Entertainment. About Family Quest Entertainment Family Quest Entertainment produces and presents unique interactive family experiences that entertain and educate. Its properties are designed to create memorable moments that spark joy for families around the world through the power of imagination and discovery. Its current brand portfolio includes Jurassic Quest and Brick Fest Live, which have collectively entertained millions of families in over 250 cities. Family Quest Entertainment is owned by L2 Capital Partners. For more information, visit www.familyquestentertainment.com or LinkedIn. About Jurassic Quest Jurassic Quest is the largest and most realistic dinosaur experience in North America and part of the Family Quest Entertainment portfolio. Since 2013, Jurassic Quest has entertained over 10 million fans in over 250 cities with an up close and personal look at the giants that once ruled the Earth. Developed with leading paleontologists, each dinosaur is brought to life using realistic likenesses, movement, and sound. Jurassic Quest is a leader in edutainment, bringing the classroom to life for families, educators, and dinosaur fans of all ages. For more information and tickets visit www.jurassicquest.com. About Brick Fest Live Founded in 2013, Brick Fest Live is the number-one attended brick event for families worldwide. As part of the Family Quest Entertainment portfolio, Brick Fest Live produces events in venues across the United States, in addition to selling licensed LEGO® merchandise at each of its brick-themed events and through various e-commerce channels. The Brick Fest Live experience brings a fresh perspective to family-friendly events by celebrating LEGO® products and the lifelong love for brick-building. Its shows include over 1 million bricks on display, as well as several hands-on activities and attractions that provide families with fun, safe, educational, and interactive environments designed to inspire, educate, and entertain. About L2 Capital Partners L2 Capital (www.L2Capital.net) is a lower middle market private equity firm in Devon, PA and Miami, FL that has delivered market leading returns since 2010 by investing in niche lower middle market leading consumer and business services companies. L2 executes a differentiated operations-focused strategy by targeting founder and entrepreneur-led businesses that are at an inflection point where L2's breakthrough growth framework and direct operating expertise can quickly accelerate market share gain. Contact Details Eric PR & Marketing, LLC Eric Nemeth nemeth@ericpr.com Company Website https://familyquestentertainment.com/

September 19, 2023 07:29 AM Eastern Daylight Time

SMX® Commits to Advancing Contract Management Excellence with Adoption of NCMA Contract Management Standard

National Contract Management Association

SMX®, a trusted contractor in advanced technology solutions, proudly announces its adoption of the National Contract Management Association's (NCMA) Contract Management Standard (CMS™). This strategic move underscores SMX's unwavering dedication to fostering profession-wide best practices, contracting principles, terminology, processes, and cultivating professional career development within the field. The NCMA Contract Management Standard serves as a global language for contract management professionals across various industries and organizations. It provides thought-leading organizations, like SMX, a unified framework to articulate and discuss contract management phases, domains, competencies, and skills. As SMX incorporates the CMS as a cornerstone of its corporate Quality Management System, customers can expect enhanced contract management services, increased operational efficiency, and a more transparent and streamlined experience throughout their contract lifecycle. "SMX takes immense pride in being an early adopter of CMS, a testament to our commitment to delivering unparalleled service to both our internal stakeholders and valued clients," remarked Rick Schutz, Vice President, Corporate Counsel at SMX. "This adoption reflects our pursuit of excellence in every facet of contract management." Kraig Conrad, Chief Executive Officer of NCMA, emphasized, “the SMX adoption of the CMS™ embodies our unwavering pursuit of a common language for contract management across organizations and around the world.” With the integration of the CMS into the frameworks of Federal Acquisition Certification in Contracting (FAC-C) and the Department of Defense framework (DAWIA), SMX's embrace of the NCMA CMS aligns seamlessly with the evolving landscape of contract management. As SMX embarks on this transformative journey, they look forward to not only exceeding their customers' expectations but also contributing to the evolution and standardization of contract management practices worldwide. For more information on NCMA's Common Language Adoption, please visit: www.ncmahq.org/adopters The National Contract Management Association (NCMA) – www.ncmahq.org – stands as the premier contract management organization whose mission is to collaborate towards a globally recognized contract management profession that strengthens its nexus with related acquisition communities. Serving approximately 20,000 members in both the public and private sectors, NCMA propels the growth, advancement, and impact of practitioners through a steadfast commitment to serve through the open exchange of ideas in neutral forums. About SMX SMX is a leader in next-generation mission support, digital transformation and IT solutions operating in close proximity to clients across the U.S. and around the globe. SMX delivers scalable and secure solutions combined with the mission expertise needed to accelerate outcomes for the Department of Defense, Intelligence Community, Public Sector, Fortune 1000, and other public and private sector clients. For more information on our solutions, please visit https://www.smxtech.com/. Contact Details NCMA Holly DeHesa +1 281-865-3296 holly.dehesa@ncmahq.org Company Website https://www.ncmahq.org/

September 19, 2023 06:00 AM Eastern Daylight Time

September is Cholesterol Education Month

YourUpdateTV

September is Cholesterol Education Month and for people with unsafe levels of high LDL (bad) cholesterol, there are many options in the treatment toolbox. Recently, Preventive Cardiologist Dr. Seth Baum participated in a nationwide satellite media tour to discuss high LDL cholesterol, best treatment options, and tips for patients navigating challenges with their health coverage. A video accompanying this announcement is available at: https://youtu.be/rcUk4OWkpD4 Heart disease remains the leading cause of death in the United States and LDL-cholesterol, what we call the “bad” cholesterol, is a major risk factor which can lead to a heart attack or a stroke. While many can lower their LDL cholesterol with a heart healthy diet, some will need medication to reach their Safe Zone. Statins are often the first-line of treatment for individuals with high LDL cholesterol, not all patients reach their recommended LDL cholesterol levels with statins alone. In these cases, lipid-lowering medications, known as PCSK9 inhibitors, are often recommended to help lower cholesterol levels. Unfortunately, individuals who are prescribed PCSK9 inhibitors are facing significant hurdles in accessing and using these potentially life-saving drugs, despite their proven efficacy in reducing LDL cholesterol. One major obstacle is insurance company denials or rejections. Data published in the November 2022 Journal of the American Medical Association found that for commercially insured patients prescribed a PCSK9 inhibitor, only 42% of initial rejections were overturned. Sadly, nearly 75% of patients rejected for a PCSK9 inhibitor ended up on no therapy, which is not a win for anyone. Research from the Family Heart Foundation shows that compared to individuals who were able to obtain their prescribed PCSK9 inhibitor, those whose prescription was rejected or abandoned experienced more heart attacks, strokes, and other cardiovascular events within 12 months. For more information and resources that can help, visit LDLSafeZone.org About Seth Baum, MD, FACC, FACPM, FAHA, FNLA, FASPC Dr. Seth J. Baum is Chief Scientific Officer at Flourish Research, and clinical affiliate professor of Cardiology at FAU Medical School. He actively consults in Clinical Lipidology and Cardiovascular Disease Prevention and continues to offer lipoprotein apheresis for patients in southeast and central Florida. Dr. Baum has practiced Preventive Cardiology and Clinical Lipidology since 2000. He is a fellow of the American College of Cardiology, the American Heart Association, the American College of Preventive Medicine, the National Lipid Association, and the American Society for Preventive Cardiology. Dr. Baum is a past President of the American Society for Preventive Cardiology (ASPC). He currently serves on both the ASPC and Family Heart Foundation Advisory Boards. He has published over 100 peer reviewed papers and abstracts as well as two books. In 2013, he was awarded Cleveland Heart Lab’s “Heart Award” for lifelong dedication to Preventive Medicine. In 2019, Dr. Baum received Mended Hearts’ biennial Dwight Emary Harken Award. Dr. Baum is the Founder of Excel Medical Clinical Trials, LLC, a consortium of clinicians dedicated to the safe and professional conduct of high-level scientific trials. He has served as Principal Investigator in over 100 clinical trials covering a broad range of disease states. Dr. Baum is the Chief Scientific Officer of Flourish Research, a leading national clinical research company. Dr. Baum is a graduate of Columbia College and Columbia College of Physicians and Surgeons, and completed training in Internal Medicine, Cardiology, Interventional Cardiology, and Electrophysiology Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

September 18, 2023 10:27 AM Eastern Daylight Time

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Bespoke Education Announces B Corp™ Certification for Commitment to Education

Bespoke Education

Bespoke Education Inc., which for more than 20 years has provided the highest quality tutoring, test preparation, and academic support to students from elementary through graduate school in both New York and France, today announced that it has become a Certified B Corporation™ ("B Corp"), recognizing and deepening its commitment to social and environmental responsibility. Bespoke Education chose the B Lab Impact Assessment for quantifying their environmental and social performance. Through B Lab, Bespoke underwent a rigorous and comprehensive review of its social practices and was assessed across five key components: governance, workers, community, environment, and customers. Upon completion of the Impact Assessment, Bespoke achieved an overall score of 89.9, placing the company above the average score of 51 set by “ordinary” (non-certified) businesses. Bespoke Education's 2023 full certification report can be found HERE. “Our certification reflects the transformational change Bespoke has undergone in recent years. In 2022, 70% of the students Bespoke tutored in the U.S. were from underserved communities,” said Tim Levin, founder and CEO of Bespoke Education. “B Corp certification is both a significant milestone and an important step in our continuing journey to help students reach their full potential by learning better with confidence and conviction.” About Bespoke Education With offices in New York and Paris, France, Bespoke Education’s mission is to provide exceptional educational support for students throughout their schooling. For over two decades, Bespoke’s team of tutors, proctors, and full-time staff have offered the highest quality tutoring, test preparation, and academic support to students from elementary through graduate school. Bespoke has worked with more than 35,000 students in the Tri-State area and around the world. Knowing the schools, administrators, and curricula in the areas where it serves, Bespoke builds long-term relationships with students, families, counselors, and administrators to provide the most comprehensive services. Bespoke believes the mentor-student relationship is fundamental to guiding students in acquiring new habits and skills. Once this trusting relationship is established and students meet with newfound success, they become increasingly confident and motivated to take on new challenges. About B Lab B Lab is transforming the global economy to benefit all people, communities, and the planet. A leader in economic systems change, our global network creates standards, policies, tools, and programs for business, and we certify companies - known as B Corps - who are leading the way. To date, our community includes 380,000 workers in over 5,000 B Corps across 79 countries and 153 industries, and more than 150,000 companies manage their impact with the B Impact Assessment and the SDG Action Manager. To learn more and join the movement, click HERE.Certified B Corporations, or B Corps™, are companies verified by B Lab to meet the high standards of social and environmental performance, transparency, and accountability. Contact Details Razor Sharp PR Ray Young +1 512-694-6097 ray@razorsharppr.com Company Website https://www.bespokeeducation.com/

September 13, 2023 08:30 AM Eastern Daylight Time

Ambow Education’s (NYSE: AMBO) Innovative HybriU AI Digital Education Solution Showcases The Potential Of AI To Transform Education

Ambow Education Holding

By Faith Ashmore, Benzinga COVID-19 brought massive changes to the educational system globally. What was once thought to be largely infeasible has now become desirable and commonplace. Completely digital or hybrid learning experiences are now being utilized from K12 to higher education. However, there is limited infrastructure currently in place to support the dilemmas that arise from digital and remote learning. Put simply, companies like Zoom (NASDAQ: ZM) seem ill-equipped to handle all the nuances that play a role in online learning. That’s why artificial intelligence (AI) platforms and integrations are so integral to the future of the education sector. Ambow Education Holdings Ltd. (NYSE: AMBO) is leading the charge in integrating AI technology into the educational sector. Their ground-breaking solution, known as HybriU, is an advanced digital education total solution designed to empower students and bridge the gap between academia and industry. With the help of cutting-edge connective technology, HybriU aims to shatter traditional limitations in languages, regions, academia and industry – providing a seamless and immersive learning experience both online and offline. Ambow is a technology-driven educational company that primarily operates in the United States. Their latest offering, the HybriU AI digital education solution, is powered by the groundbreaking OOOK technology and is a patented solution that aims to modernize and enhance educational and workforce training for students. By integrating this powerful technology, Ambow aims to provide students with comprehensive and up-to-date resources, equipping them with the skills needed to thrive in today's rapidly evolving world. It is clear that the pandemic has significantly impacted the education system and teachers as much as students, bringing virtual elements to the classroom. With the need for hybrid education and technology integration, teachers have been burdened with additional responsibilities. Without proper maintenance and understanding, as well as functional platforms, teachers find themselves overwhelmed with technological demands, often taking away from their primary role of teaching. The implementation of AI technology, such as the HybriU digital AI classroom solution, can alleviate these problems. HybriU enables teachers to teach in a natural and easy manner, similar to a traditional classroom setting. The HybriU AI digital classroom is equipped with a student and teacher-tracking camera to ensure that a virtual student is not missing any important information or demonstrations. There are also mics throughout the classroom to pick up student and teacher statements, as well as a podium mic. All of this helps support seamless learning so no student is distracted by poor quality or unable to hear valuable information from a teacher or peers. HybriU’s utilization of OOOK technology enables the creation of personalized content that caters to diverse student populations. A shining example of HybriU's commitment to inclusion is its live subtitle feature and AI-generated voiceover, which allow students to access content in their native language. This feature is a game changer for those in virtual or hybrid learning environments, where language barriers can present significant difficulties. The technology offers benefits beyond inclusivity – students no longer need to dedicate time to taking notes as the AI will take care of that for them. Students can further engage in the learning experience by tagging and commenting on the AI-generated transcript, which is efficiently organized using an AI-powered indexing and tagging system. The tagging system also allows for efficient tracking of students’ progress and areas they may need additional support. These comments provide teachers with real-time feedback that can help with enhancing course materials and teaching style, creating an optimal learning atmosphere for all students. HybriU AI also offers unique features like 3D LED walls, which allow students to view complex models precisely and accurately. This is incredibly useful for disciplines like biology and medicine. Some classrooms also offer screens where students are reflected so the in-person teacher does not miss out on valuable interaction. For students who are being taught by remote teachers, there are O-Screens that offer lifelike, full-body views of the teacher. The online education sector is projected to grow from its 2022 value of $192 billion to $602 billion by 2030 at a compound annual growth rate (CAGR) of 17.2% over 2022-2030. The advantages offered by HybriU which are specifically designed to address this new education paradigm of hybrid learning potentially place Ambow Education in the right place at the right time to be a driving force in the industry and propel online learning experiences into the future. To sign up for a free demo of HybriU, visit http://www.hybriU.com or www.ambow.com. Ambow Education Holding Ltd. is a leading cross-border career educational and technology service provider, offering high-quality, individualized services and products. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in China and United States of America. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Kevin Derrivan kderrivan@amboweducation.com Company Website https://www.ambow.com/

September 12, 2023 09:00 AM Eastern Daylight Time

Quantum Software Leader Classiq Expands to Boston, Relocates Key Executive to Build Out North American Presence

Classiq Technologies

Classiq Technologies, a leading quantum computing software company, today announced its expansion into the Boston area and the relocation of Shai Lev, vice president of strategic partnerships, to lead the company's growth in North America. Headquartered in Tel Aviv, Classiq has seen rapid growth over the past year as demand increases for its quantum computing software. The company's expansion into Boston enables it to tap into the region's bustling quantum ecosystem, renowned academic institutions and key industries pursuing quantum applications. "As we continue our impressive momentum helping organizations develop real-world quantum applications, Boston is a clear choice for further expansion," said Nir Minerbi, CEO and co-founder of Classiq. "The Boston area is a hub for quantum research and education with an incredible pool of quantum talent. Industries aggressively exploring quantum's potential, such as financial services, pharmaceuticals and healthcare, are very strong there." Lev has been instrumental in forging partnerships with leading quantum hardware and software companies. To lead Classiq’s North America expansion, he relocated and will open the company's Boston-area office. "Boston has one of the highest concentrations of quantum activity today – from research at MIT, Harvard and other universities, to government-funded programs and private-sector efforts," said Lev. "It’s exciting to represent Classiq in the Boston ecosystem and throughout North America as we introduce more organizations to our technologies and products to accelerate their journey to quantum advantage." About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing software platform with a single point of entry into quantum computing, from algorithm design to execution. Tailored to all levels of developer proficiency, Classiq aims to democratize access to quantum computing with software that equips customers to take full advantage of the quantum computing revolution. A low-code development environment ensures that a broader range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of how to program quantum computer hardware. Backed by powerful investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking software development platform. Follow Classiq on LinkedIn, X (formerly Twitter), or YouTube, or visit www.classiq.io to learn more. Contact Details Rainier Communications Michelle Allard McMahon/Jenna Beaucage classiqPR@rainierco.com Company Website http://www.classiq.io/

September 06, 2023 08:05 AM Eastern Daylight Time

New Army campaign inspires young Americans to take the first step to “Be All You Can Be”

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/Zr1Os51K6G8 On August 21, the U.S. Army unveiled “First Steps,” a new campaign that shows young Americans how they can start their journey to service. The campaign is built on the premise that American youth don’t need to have everything figured out from the beginning to make an impact. Taking a chance is the first step to achieving your goals. The campaign is a continuation of the “Be All You Can Be” brand refresh, which launched in March 2023. The new campaign offers an up-close, personal, and unfiltered look at Soldiers embarking on some of the most powerful experiences in their early Army journeys, including arriving at basic training, receiving their first patch, and hitting their first target from a battle tank. Maj. Sam Winkler is a shining example of where your first steps can take you in the U.S. Army. After immigrating to the United States from Nepal, she took her own first step: enlisting in the Army at 17 years old. Now, as a Soldier and a mom, she has used her passion for family to help lead a first grassroots effort transforming the way the U.S. Army supports parents in the force. Her efforts, in collaboration with other Army parents, led to the development of the Army’s Directive 2022-06: Parenthood, Pregnancy, and Postpartum. Twelve policy changes address key issues like family care planning, fertility treatments, paid parental leave, support in returning to work, and more. On August 30, Maj. Winkler conducted a nationwide media tour discussing the campaign and the limitless opportunities in the Army for youth to find their purpose, explore their passions, build connections, and join a community. Topics Maj. Winkler discussed included: The Army’s new “First Steps” campaign Her path to Army service and the many firsts along the way Her work to improve Army life for parents through the Directive on Parenthood, Pregnancy, and Postpartum The limitless possibilities and benefits available to Army Soldiers and their families To learn more, visit: https://www.goarmy.com/ Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

September 04, 2023 08:00 AM Eastern Daylight Time

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New Survey Reveals Rise of Tethered Nomading: Digital Nomads Answer the Office's Beckoning

MBO Partners

The latest research conducted by MBO Partners® has uncovered a new workforce phenomenon - "Tethered Nomading" - redefining the world of digital nomadism. Contrary to traditional globetrotting norms, more than half (53%) of American digital nomads now plan to embrace their work-travel lifestyle exclusively within the United States; 47% plan on spending at least some time in another country. Only 10% of all digital nomads intend to spend the entire year abroad. As employers call employees back to the office, digital nomads still plan to continue their nomadic lifestyle. However, the data underscores an uptick in "slomading"- visiting fewer locations but spending more time at each stop. The MBO Partners 2023 State of Independence study found that 17.3 million American workers currently describe themselves as digital nomads, increasing 2% from 2022 after increasing a staggering 131% from the pre-pandemic year 2019 to 2022. "As employers enforce back-to-office mandates, a paradigm shift is unfolding, revealing the dynamic evolution of the modern-day nomad," said Miles Everson, CEO of MBO Partners. "While a considerable number of digital nomads are gravitating towards domestic pursuits, this presents an opportune moment for employers to embrace that spirit of exploration while fostering seamless connections to local communities. It calls for innovative policies and practices as employers navigate a world that includes adventure and productivity." This year's study showed five additional key insights about digital nomads, including: The Silver Nomads Are Rising… and Fast. While digital nomads have traditionally skewed young, older cohorts -- Gen Xers (born 1965-1980) and Baby Boomers (born 1946-1964) -- increased their share of digital nomads from 36% in 2022 to 42% in 2023. With the decline of the pandemic, older workers are more willing to travel and more interested in becoming digital nomads. Digital Nomads Hit the Road with Their Kids (and Pets). The survey showed that nearly a quarter (24%) of digital nomads travel with their children, and 14% even bring their pets. But traveling with kids is more challenging and complex than traveling alone or even as a couple. The top challenges digital nomads with kids cited are the expenses associated with traveling as a family, safety, and health concerns, the lack of stability and routines, educational challenges, and socialization issues for their children. Geoarbitrage Becomes Hack for Financial Freedom. To help stretch their income, many digital nomads work from places with relatively low living costs, including destinations like Southeast Asia or Portugal, which has established itself as a European hotspot popular with nomads. At the same time, they often serve customers virtually in higher-wage labor markets, or their employers are in higher-wage countries. Combining low-cost living with higher expat income, they can take advantage of income/living cost "geo-arbitrage." This enables lower-income digital nomads to fund their travels and spend less time working to support themselves and more time enjoying their adventures. Nomadic Camouflage Becomes the New Workforce Hue. In this year's survey, 14% of digital nomads with traditional jobs reported that their employer does not know they are nomadic. An additional 18% say their company has no digital nomad policy, but their boss has permitted them to work nomadically. In other words, about one-third of digital nomads with traditional jobs are "hidden nomads," meaning the company does not know where they are working. This means they could break local employment laws and regulations without their employer knowing they are doing so. The Nomad Rush: Countries and Cities Vying Hard for Digital Wanderers. Five years ago, digital nomads were considered an eccentric and fringe group of nomadic workers. But digital nomadism is now mainstream, and this year 17.3 million Americans – a stunning 11% of American workers – are digital nomads. Governments at all levels, both in the U.S. and abroad, realize that digital nomads spend more money than tourists, create jobs for locals - and even start local businesses. Because of this, 58 countries have created special digital nomad visas and other programs, smoothing out red tape and making it easier for digital nomads to locate in their countries. To obtain a copy of the 2023 MBO Partners Digital Nomad research brief, please visit www.mbopartners.com/state-of-independence/digital-nomads. About MBO Partners® MBO Partners is a direct sourcing platform that enables enterprises and independents to work efficiently together. Its unmatched experience and industry leadership enable it to operate on the forefront of the independent economy and consistently advance the next way of working. For more information, visit mbopartners.com. Contact Details Karen Swim +1 586-461-2103 karen@wordsforhirellc.com Company Website https://mbopartners.com

August 29, 2023 09:00 AM Eastern Daylight Time

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