Oil steadies, set for weekly gain amid hopes for end to U.S.-China trade war

Reuters | September 06, 2019

Oil prices were steady on Friday, with crude benchmarks poised for multi-week gains amid a sharp drawdown in U.S. crude inventories, while trade tensions eased as Washington and Beijing agreed to hold high-level talks next month. Brent crude was down 3 cents at $60.92 a barrel by 0850 GMT, while U.S. West Texas Intermediate (WTI) crude was down 10 cents at $56.20 a barrel. Brent is set to mark its fourth weekly gain, while U.S. crude is headed for a second weekly rise. Beijing and Washington on Thursday agreed to hold high-level talks in early October in Washington, cheering investors hoping for an end to the trade war between the world’s two biggest economies that has brought tit-for-tat tariff hikes, chipping away at economic growth.

Spotlight

Budget of the United States Government, Fiscal Year 2024 contains the Budget Message of the President, information on the President’s priorities, and summary tables. Analytical Perspectives, Budget of the United States Government, Fiscal Year 2024 contains analyses that are designed to highlight specified subject areas or provide other significant presentations of budget data that place the budget in perspective. This volume includes economic and accounting analyses, information on Federal receipts and collections, analyses of Federal spending, information on Federal borrowing and debt, baseline or current services estimates, and other technical presentations.

Spotlight

Budget of the United States Government, Fiscal Year 2024 contains the Budget Message of the President, information on the President’s priorities, and summary tables. Analytical Perspectives, Budget of the United States Government, Fiscal Year 2024 contains analyses that are designed to highlight specified subject areas or provide other significant presentations of budget data that place the budget in perspective. This volume includes economic and accounting analyses, information on Federal receipts and collections, analyses of Federal spending, information on Federal borrowing and debt, baseline or current services estimates, and other technical presentations.

Related News

EMERGING TECHNOLOGY, GOVERNMENT FINANCE

Government of Alberta Awards Applexus with IGF Grant

Applexus | February 20, 2023

Applexus, a technology-based company for business consultation and SAP services, has recently announced that it has secured an Investment and Growth Fund IGF grant from the Government of Alberta, establishing its business in Canada. Invest Alberta supported it, and Calgary Economic Development made key introductions for funding application processes. This investment and expansion will help it to develop new technology solutions, hire and reach with better services. Calgary's graduates will be its team for a skilled workforce with exceptional infrastructure. Being a consulting firm, it spends a lot of money and time traveling to the client sites, so Calgary, an air travel hub, will offer convenient access to its clients from the US market. Calgary is an affordable settlement place with a strong public education system, a high standard of living with diversity, importance to the quality of life, and being friendly with other communities. It will gain skilled professionals from other places than North America through Alberta's new immigration program for technology professionals. CEO and Founder of Applexus, Sam Mathew, said, "The IGF grant will allow us to take our company to the next level, help strengthen our presence, expand our offerings, bring new jobs to the region, and positively impact the community. We're grateful for the support of the Government of Alberta as we work to build a stronger and more diverse economy for the state." (Source – Cision PR Newswire) CEO of Invest Alberta, Rick Christiaanse, said, "Applexus is a welcome addition to Alberta's tech and innovation sector, and we are excited the company has chosen our province to establish its Canadian headquarters." He added, "This investment in Alberta will help support our local economy through the creation of 125 new jobs over five years while giving Applexus access to the skilled talent Alberta is known for so it can thrive in a rapidly growing sector. The support the company received from the Government of Alberta, Invest Alberta, and Calgary Economic Development positioned our province as a destination of choice and is a tangible example of Alberta's world-renowned 'make it happen attitude' when it comes to global investment." (Source – Cision PR Newswire) About Applexus Headquartered in Federal Way, Washington, Applexus Technologies has been offering SAP services and business consulting to transform the customer experience through digital innovation since 2005. It specializes in advisory, implementation, migration, and management solutions for SAP S/4HANA and B/4HANA. In addition, it offers solutions for business transformation, business analytics, AMS, cloud services, SAP CAR solutions, data migration, organizational change leadership, quality engineering, accounts payable automation, import-export and retail solutions. It has centers in North America, India, the Middle East, and the United Kingdom to influence the business communities worldwide.

Read More

EMERGING TECHNOLOGY

Inclusion of Springbrook Software in GovTech 100 List for Third Straight Year

Springbrook Software | February 01, 2023

On January 31, 2023, Springbrook Software, the creator of Cirrus, was listed in “GovTech Top 100 Companies to Watch in the Government Technology Space” for three consecutive years because of the growth in demand for the platform, strong cybersecurity, and escalated operational intricacies. The GovTech 100 is a list of 100 companies that are making a difference in the finance and administration of state and local government agencies in the United States. It mentioned Springbrook Software as a powerful and secure cloud-integrated ERP solution for managing the remote workforce and catering to the citizen expectations of local government agencies. Springbrook Software’s Cirrus platform is the premier cloud-based enterprise resource planning (ERP) platform for local government agencies, offering secure cloud-based solutions that include online payments, payrolls, finance, utility billing, and human resources for government agencies. The important advantages of this platform are unparalleled data security, a modern cloud solution, unlimited scalability, efficiency, managing citizen expectations, training, and support. Every module of this platform is fully integrated and specially designed to manage the finances of the agency, from utility billing to payroll. It provides additional server storage and licenses, adding new users instantly. It offers control over master documents, updated information, and limited redundancies. CEO of Springbrook Software, Robert Bonavito, said, “We developed our new, integrated Cirrus platform from the ground up as a full-featured, native cloud-based solution. We provide our customers with the highest level of cybersecurity, a modern interface for citizens, and the ability to securely manage dynamic workplaces.” (Source – Cision PR Newswire) About Springbrook Springbrook Software has provided the digital platform for finance and administration solutions for small to medium-sized local government agencies for more than 30 years. It manages the finances, utility bills, payroll, citizen payments, tax collection, and assets of around 2800 cities, towns, and districts. With the acquisition of PUBLIQ Software, MAGIQ Software, Bias Software, SoftRight, and KVS Cloud, it is dedicated to innovation.

Read More

CYBERSECURITY

NASPO Adds Fidelis Cybersecurity Platforms to Its ValuePoint Contracts

Fidelis Cybersecurity | February 02, 2023

National Association of State Procurement Officials (NASPO), has recently added Fidelis Cybersecurity platforms to its existing ValuePoint contracts with Carahsoft Technology Corporation, providing cyber defense solutions to associated Education institutions, States, and Local Governments. Its integrated cloud security platform helps customers delve deeper into their digital environments, detect, and respond to threats faster, improve threat detection, enable continuous risk assessment, and ensure compliance and security. Alex Whitworth, Sales Director leading the Fidelis team at Carahsoft, said, “The addition of Fidelis’ platforms to this contract creates new opportunities for NASPO members to protect their critical operations and safeguard sensitive Government data. “Fidelis’ cybersecurity solutions exceed standard threat protection by enabling proactive cyber defense across cloud environments and on-premises. We look forward to working with Fidelis and our reseller partners to make it easier for our joint customers to acquire this advanced technology.” (Source – Business Wire) Dale McCloskey, Senior Vice President, Federal Sales at Fidelis Cybersecurity, said, “Universities and State and Local agencies are under a continuous barrage of attacks. We are excited to expand our partnership with Carahsoft and enable NASPO’s State and Local agency and higher education customers to shift to proactive cyber defense with integrated Deception, XDR and cloud security and compliance platforms to better protect their hybrid environments from advanced threat actors.” (Source – Business Wire) About Fidelis Cybersecurity Fidelis Cybersecurity is a cyber defense provider for modern IT, serving cyber threat detection, withdrawal, response, compliance, and cloud security. It offers dynamic cyber terrain mapping, multi-facet context, and risk assessment. It reduces attackable surfaces, threat detection, incident response, and automated exposure prevention, providing professionals with context, speed, accuracy, and portability security to the top government agencies, enterprises and commercials that trust it globally. In addition, it secures production assets from adversaries with decoys, countering ongoing attacks and gathering intelligence to prepare for future attacks.

Read More