CITIZENS GIFTS $35,000 TO NH NONPROFITS
In recognition of Financial Literacy Month, Citizens announced in a press release that they donated $35,000 in financial empowerment grants to support NeighborWorks Southern New Hampshire and the Granite YMCA, as part of the bank’s Citizens Helping Citizens Manage Money program.
Through funding and volunteerism, the program helps support local financial literacy partners that provide training to empower communities to achieve financial wellness and build brighter futures.
“One of the most important things we do at Citizens is provide financial education and guidance to empower our customers, colleagues and communities to reach their potential,” said Joe Carelli, New Hampshire Market President at Citizens, in the release. “We hope to unlock opportunities for our communities and reduce the wealth gap by investing time and resources to support local financial empowerment programs that are giving people the confidence and tools to achieve their goals.”
SILVERTECH PARTNERS WITH ZNODE
SilverTech, a digital experience agency in Manchester, has entered into a partnership with Znode, a multi-channel B2B e-commerce platform.
Now, SilverTech clients will be able to work with a suite of e-commerce tools and services designed to optimize online sales, streamline operations, and enhance customer experiences.
According to the companies’ joint press release, manufacturers will benefit from the flexibility of Znode’s API-first architecture, which makes exchanging data easy and efficient.
“At SilverTech, we are constantly evaluating our clients’ short and long-term needs and look to expand our technology partnerships to ensure we can provide them with the platforms and integrations they need,” said Derek Barka, chief technology officer at SilverTech, in the release. “Znode’s robust feature set and headless commerce capabilities allow us to provide the e-commerce user experiences our clients are looking for.”
Q1 STOCK UPDATES SEE TESLA LOSING BIG
According to date recently released by AltIndex.com, car producer Tesla missed its sales goals and lost hundreds of billions of dollars in stock value in Q1 — in just three months. It has become the worst performer in the S&P 500 and was the only AI giant that ended the quarter with severe losses.
Slowing growth, safety issues and recalls, and price cuts are among the factors most contributing to Tesla’s missed sales.
AltIndex.com also reported that, in April 2023, Tesla’s market cap amounted to $586 billion. After a jump to $814 billion a month later, this figure plunged to $525 billion in May, but Tesla’s market cap still climbed to $831 billion in December. However, by the end of January, the company’s stock value plunged to $583 billion, showing a 28% drop in just a month.
Although the company’s market cap was almost $643 in February, last week the combined value of Tesla shares stood at $550.9 billion, showing a $250 billion plunge since the beginning of the year.
PLANET FITNESS NAMES COLLEEN KEATING CEO
Earlier this month, Planet Fitness announced that Colleen Keating was appointed as the new chief executive officer, effective June 10. Current interim CEO Craig Benson will resign, but will remain as a member of the board of directors.
Keating will bring over 30 years of experience in hospitality, real estate, operations and franchise management to the company. Since 2020, she was the CEO for FirstKey Holdings LLC, and held previous roles with InterContinental Hotels Group and Starwood Hotels & Resorts Worldwide, Inc.
“Colleen’s deep operational knowledge, strategic mindset and understanding of large-scale franchise operations and consumer-facing brands made her stand out among the candidates considered,” said Stephen Spinelli, Jr., board chairman, in a press release. “She also has a proven track record of building results-oriented teams and instilling cultures that put a premium on operational excellence and rigor, which we believe will be additive to Planet Fitness. We are confident that Colleen is an exceptional leader with the desired skills, experience and culture-first mindset necessary to accelerate Planet Fitness’s next phase of growth.”
