The revival in U.S. capital goods orders reflects positive
New data released by the Department of Commerce's Census Bureau showed a strong rise in orders for capital goods made in the United States in January, indicating a new vitality for business spending on equipment. The rebound was detailed in a Reuters report, with economists forecasting a 0.3% increase, while December economists predicted a 0.8% increase in non-defense capital cargo orders that exclude aircraft from 0.8%. Also read: U.S. core capital commodity orders surge in economic elasticity in November Indexbox data further suggests that although goods of these core capital goods fell by 0.3% after a 0.3% increase last month, non-defense capital goods orders showed a sharp rebound of 12.9% and a 5.3% decline in December. After a 3.8% increase last month, the rise in freight has increased by 3.2%, which has an impact on the economic assessment of equipment commercial investment. Overall, these figures indicate that unlike the fourth quarter economic growth, affected by spending on commercial equipment. As…
Welcome to the capital of the United States » Exhibition City
City News on display by Kerastan Szczepanski wHats to do when there is no breakout meeting or daytime panel meeting? Where to go when you need a small amount of time to get away from the Hall of Chaos of Meetings? Showcase City News 5 of 15 offers five places to go eat, relax or just stay 15 minutes or less from the conference center. In Washington, D.C., this means enjoying the historic American capital while also close to the Walter E. Washington Convention Center. eat About 0.2 miles from the conference center. Dabney (1222 9th St NW) provides a sophisticated dining experience focusing on Mid-Atlantic cuisine, utilizing locally sourced ingredients. The restaurant has an open fireplace that creates a unique atmosphere and flavor. Vegetarian-friendly, with vegan and gluten-free options, try Hoppin' John Cake (grilled Tatsoi, Aji Dulce Catsup) or sweet potato crispy crust (with fresh lemon balm vermouth and Raspberry Jam). Dinner comes with grilled olive farm pork tenderloin…
U.S. core capital goods orders surge in November
New orders for key U.S. manufacturing capital goods rose significantly in November, driven by strong demand for machinery and signaling a strong economy at the end of the year. Shipments of these items also increased for the second consecutive month, following encouraging consumer spending data last week, according to a Commerce Department report. Also read: U.S. shipping container imports to drop to $999 million in 2023 The economy's resilience prompted the Federal Reserve to adjust its expectations for an interest rate cut in 2025. Core capital goods orders, excluding defense and aircraft, climbed 0.7% after a slight 0.1% decline in October, beating Reuters economists' forecasts for a 0.1% rise. Meanwhile, shipments of these goods increased 0.5% after rising 0.4% the previous month, underscoring continued business investment trends. While machinery orders surged 1.0%, industries such as computers and electronics saw opposite declines. Specifically, transportation equipment orders fell 2.9%, mainly affected by a 7.0% decline in commercial aircraft orders, with Boeing's orders…
Asian debt markets witness foreign capital outflows caused by U.S.
Asian debt markets took an unexpected turn, with foreign investors pulling out large sums of money in November, the first outflow in the past seven months. According to Reuters, expectations of policy changes after the Trump administration takes office, coupled with a surge in the U.S. dollar, have led to weaker investor interest. Also read: How the dollar dominates the global trade space Data collected from various regulators and bond market associations showed net withdrawals of $1.92 billion from the bond markets of Indonesia, Thailand, Malaysia, India and South Korea. It was the first monthly net sales since April, reflecting growing investor concerns about potential trade restrictions. Khoon Goh, head of Asia research at ANZ, commented: "Markets are starting to price in the impact of the incoming Trump administration on Asia and the outlook for U.S. interest rates." This sentiment highlights investors' cautious approach to potential changes in trade dynamics. Indonesia's foreign investors pulled about $1.8 billion from its bond…
GES to be acquired by Truelink Capital » Exhibit City News
(GES Business Entities are a dynamic collective of industry-leading companies with unique areas of expertise including GES Exhibitions, Spiro, onPeak, SHOWTECH and Visit, providing comprehensive experiential, strategic, creative, event management and accommodation, meeting planning and logistics solutions, as well as registration and engagement solutions). Original text from PR Newswire: las vegas and Los Angeles, October 21, 2024 /PRNewswire/ — GES, a leading provider to the global exhibitions and events industry, today announced that its parent companies, Viad Corp and Truelink Capital, a Los Angeles The private equity-based company has entered into a definitive agreement for Truelink to acquire the GES business. The acquisition is expected to close by the end of 2024, subject to applicable customary closing conditions. Derek LindGES President said: "This is an exciting time for GES. The business has strong momentum and our team is driving strong revenue growth, profit expansion and customer service. For decades, the publicly traded Viad Group has been An important home for…
Truelink Capital to acquire GES from Viad Corp
chicago — GES announced that its parent company, Viad Corp, has entered into a definitive agreement with Truelink Capital, a Los Angeles-based private equity firm, through which Truelink will acquire the GES business. The deal, expected to close by the end of 2024, marks another major acquisition by private equity in the trade show and live events industry. The acquisition will include GES Exhibitions, a major global provider of exhibition and logistics services; Spiro, a global experience agency; and onPeak, SHOWTECH and Visit, which provide event accommodation, power/lighting and registration services. Upon completion of the transaction, current GES President Derek Linde will serve as President and CEO, with Jeff Quade, President of GES NA Exhibitions, Jason Stead, President of GES EMEA Exhibitions, and Jeff Stelmach, President of Spiro, continuing to lead the business post-transaction. "This is an incredibly exciting time for GES," said Linde. "Our proven strategy is driving strong momentum in the business, and our partnership with Truelink allows…
NAB Show New York reflects New York City’s status as a media capital
NEW YORK – The 2024 NAB Show New York comes to a close, solidifying its status as the must-attend East Coast event for broadcast, media and entertainment professionals and content creators across industries. With more than 12,000 attendees, approximately 250 exhibitors (50 of whom are exhibiting for the first time) and 20 new product launches, the show showcases the latest trends and innovations shaping the industry. Held at the Jacob K. Javits Convention Center, the show's fourth-quarter timing provides a critical opportunity for professionals to explore year-end purchases and make strategic decisions for 2025. NAB Show New York continues to attract a growing corporate audience, including government agencies, higher education, finance and more. Attendees from Bank of America, Best Buy, Capital One, Dell, Ford Motor Company, IBM, JPMorgan Chase, LIV Golf, MLB, NASCAR, NBA, NFL, NHL, NYU, PepsiCo, Pfizer, QVC, Samsung Advertising, United Nations, U.S. Well-known brands such as the Air Force, the U.S. House of Representatives, and the U.S.…
New State Capital Partners completes majority investment
Submitted by Joanne Lessner, Lambert LLC New Rochelle, NY — New State Capital Partners ("New State") announced today that it has acquired a majority stake in The Expo Group (the "Company"), a provider of services to the trade show and live events industry in the Upstate. Leading provider of critical services USA. The investment was made in partnership with management and the company's existing owners, who reinvested a significant amount of their earnings. Terms of the deal were not disclosed. Headquartered in Irving, Texas, The Expo Group is known for its comprehensive event services, serving as the architect of more than 500 trade shows, live events and exhibitor programs annually, providing design, planning, asset procurement, booth rental, Logistics and fulfillment services. The company serves a diverse range of end markets on behalf of leading event organizers, independent trade associations, businesses and higher education institutions. “Partnering with New State is an important milestone in the growth of our business,” said Expo…
New State Capital Partners acquires majority stake in company
IRVING, Texas – Private equity firm New State Capital Partners has acquired a majority stake in The Expo Group, a provider of critical services to the North American trade show and live events industry. The investment was made in partnership with Expo Group management and existing owners, and terms of the deal were not disclosed. related. Phoenix Equity Partners invests again in Nineteen Group Michael Guillory, senior vice president of marketing and communications for The Expo Group, said The Expo Group’s leadership team will remain unchanged and said the recapitalization will set the company up for further success. "Expo Group has experienced tremendous growth over the past few years and this is an opportunity for us to work with partners to help us further drive revenue and growth to support our customers and provide leading technology to the industry," Guillory said. "Our focus has always been on supporting customers with specific needs...This is certainly an opportunity for us to expand…
Nth Degree Partners with Shamrock Capital to Accelerate Live Business Growth
Shamrock Capital Investment to Fuel Expansion of Live Events Industry By: Exhibition City News Staff Nth Degree, a company focused on event management and experiential marketing, has announced a strategic partnership with Los Angeles-based investment firm Shamrock Capital. The collaboration is designed to accelerate Nth Degree’s growth in the expanding live events industry. “Nth Degree’s comprehensive event solutions provide an excellent foundation for our growth.” John Hans“Shamrock’s investment will help us scale our business and explore new opportunities,” Nth Degree’s CEO said, according to a company press release. Andy Howard, partner at Shamrock Capital, noted that Nth Degree has extensive experience providing essential services to rapidly changing industries. “Our investment will build on their already exceptional platform,” he said in the same release. Nth Degree provides labor, project management and a range of event services for trade shows, experiential marketing facilities and retail environments. The company supports more than 13,000 events each year in industries such as technology, healthcare, automotive…
How a capital injection from Monievest can transform your startup
introduce Imagine a startup with groundbreaking technology but limited funding. Despite its huge potential, it struggles to get off the ground due to lack of funding. Capital infusion is a vital financial lifeline that can transform such a startup into a thriving business. Capital infusions, including those from platforms like Monievest, play a vital role in business growth, innovation, and overall economic development. This article will delve into the nuances of capital infusions, its types, benefits, and its impact on various industries. Learn about funding Funding Type Recapitalization is the injection of capital into a business to support its operations, growth or development. Recapitalization can take several forms: Cash Injection: Provide direct cash assistance to businesses. Equity Injection: Investment in exchange for ownership of a company. Debt injection: A loan or credit facility provided to a business. Pros and Cons Each type of capital injection has its advantages and disadvantages: Cash Injection: advantage: Immediate cash out without dilution of ownership.…
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