Market Daily

Loyal Energy Named One of the Top Companies to Work for in 2024 Amidst Economic Challenges

As is known, Covid has had a lasting effect on the economy. According to the Bureau of Labor Statistics, in 2021, 8.4 million jobs were lost, and the unemployment rate was the highest it has been since the Great Depression. However, certain companies have actually seen growth within their sectors. These companies thrive as they continue to improve the employee experience by putting the customer and the employee first. In fact, many studies show that employees now rank employee experience and company culture over pay.

Many companies have tried to create an inclusive company culture, but one company has proven to do it the right way. Loyal Energy has been named one of the top places to work in 2023, due to its disruptive company culture with radical transparency and an impressive compensation plan.

While many companies have sought to dominate the home experience market, Loyal has set itself apart by providing families with the means to save more than with their competitors. Its in-house financing division, Loyal Finance, allows families to finance home improvements for the most important place on earth – their home.

A Company Built Off Values

While many companies have tried to lead the home improvement sector, Loyal has differentiated itself through its commitment to fostering a transparent workplace culture grounded in integrity, diligence, and becoming the best version of oneself. After all, they are in the people business.

“The job is simple, they meet with families and review a home energy audit to show them where they can save money within their home. Once they show the homeowner the report, they help provide the best products and financing for them. They find fulfillment through saving people money, upgrading their home, and helping families save so they can make more memories with the most important people in their life, their family. What better job is there?” says CEO Tanner Halford.

Loyal holds itself to a higher standard by adhering to elevated standards and its unique pay structure. Rather than relying on industry norms, the company’s compensation is determined solely by individual effort and performance, allowing most employees to make more than the national average. This approach empowers employees to maximize their earning potential and removes any artificial caps on their earnings. As a result, the company’s top performers earned over $1.4 million last year, while the average employee took home over $10k per month.

It’s More Than Money

At Loyal Energy, it’s so much more than just money and sales. Through their sales program, they support their employees in preparing for the future by teaching personal development, building mental fortitude, and creating financial freedom. They teach them how to manage their money, make smart investments, and unleash their full potential. They believe that their employees are destined for greatness, and they strive to show them that they are more than a 9-5,” says Conner Halford, Loyal Energy’s President of Sales.

“At Loyal, fun is a priority for them. “Work hard, play hard” isn’t just a phrase to them; it’s a way of life that has been integral to shaping their company culture and driving their success over the years. They enjoy creating memories and connecting with their employees. They have some of the best sales professionals in the industry because they put them first and help show them that there is more to life than just work, sleep, repeat. They have already released amazing incentives, including company cruises and trips, monthly bonuses, and company gear,” adds Jordan Evans, Loyal Energy’s Chief Marketing Officer.

Final Words

The company has created an atmosphere and culture that has increased employee satisfaction and helped them attract some of the top talent within the industry. As they put the employees first by looking out for their well-being and prosperity, it’s provided an environment where employees can thrive and be the best versions of themselves. This is one of the main reasons why Loyal is named one of the top places to work in 2023.”

The Relational Blockchain Nebula Selected for Final Phase of EU Blockchain PCP

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ChromaWay has been chosen as one of three companies to advance to Phase 2B, the final phase of the European Commission’s Blockchain Pre-Commercial Procurement (PCP). 

The ChromaWay technology that underpins the Relational Blockchain Nebula offers several technical advantages crucial for establishing secure blockchain services for the EU. These include low environmental impact, enhanced security through the programming language Rell, and the application of years of database optimization research which gives the RBN the ability to handle complex queries with improved performance. The innovative Nebula architecture allows for expansive scalability, ensuring that companies across the EU can access affordable blockchain services without high transaction fees or slow processing speeds.

In the final phase of the program, Relational Blockchain Nebula will undergo technical field testing and set the stage for interoperability with the wider European Blockchain Services Infrastructure (EBSI), including self-sovereign digital identity (SSI) and verifiable credentials (VC). 

By the end of Phase 2B, ChromaWay will launch the first two decentralized applications built on RBN: ​​the Digital Product Passport (DPP) and Intellectual Property Rights Marketplace (IPR). The DPP aims to reduce waste and promote sustainability in the textile industry, while the IPR Marketplace provides a transparent platform to register and trade IP assets such as patents, trademarks, and copyrights. 

These decentralized applications are designed to streamline compliance, foster innovation, and promote trade within the EBSI ecosystem while showcasing blockchain technology’s potential to create a more transparent and sustainable economy. The long-term vision of the RBN is to enable a vibrant, interoperable ecosystem of blockchain-based services developed by EU companies to benefit EU citizens. 

Henrik Hjelte, CEO of ChromaWay, said, “We are thrilled to be part of this pioneering initiative that has the potential to revolutionize industries across the EU. Our tech addresses security and scalability challenges and can contribute to a more efficient and sustainable future for the European Union.”

As the European Blockchain Services Infrastructure continues to take shape, ChromaWay’s Relational Blockchain Nebula is poised to drive innovation and sustainability across the EU. 

ChromaWay, established in 2014, is the creator of the relational blockchain Chromia. This new architecture combines the power and flexibility of a relational database with the decentralized security of a blockchain. ChromaWay has developed applications for clients across the globe in several sectors, including banking, supply chain, real estate, and green finance.

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Famous Investor Warns of an Ominous Bubble in the Financial Markets

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Jeremy Grantham, the co-founder of investment firm GMO and the famous investor who predicted the dot-com crash in 2000 and the 2008 financial crisis, has sounded the alarm yet again. He warns that the markets are in the midst of one of the greatest bubbles in financial history, and the recent turmoil in the banking sector is just the beginning. The bubble, he believes, is set to burst, and the resulting economic downturn could be severe.

The Bubble and Its Causes 

Cheap money has led to a frenzy in multiple US markets, pushing valuations of stocks, government bonds, real estate, and cryptocurrencies to excessive levels. This widespread exuberance has created a “pressure behind a dam,” and Grantham sees much steeper declines on the horizon.

The bubble in the stock market is particularly concerning as stock valuations remain “way above any long-term traditional relationship” to corporate performance. As the US economy enters a recession and corporate earnings begin to take a hit, the strain on the financial system could grow.

The Coming Downturn

Grantham sees uncomfortable parallels between the current market and the tech bubble of 2000 and the US housing market crash of 2008. What’s even more worrisome is that now, bubbles in the stock and real estate markets are poised to burst simultaneously.

This scenario played out in Japan in the 1990s, a period that unleashed a long economic stagnation that still haunts the world’s third-largest economy to this day. Grantham warns that the instances when people tried to break a bubble in the stock and real estate market together are “fairly ominous.”

The Way Out

Grantham blames central bankers for the inception of the latest market bubble. He believes their pursuit of some of the policies in recent decades artificially drove up the value of financial assets to high levels and set the stage for crashes.

He suggests that the current Fed chair, Jerome Powell, should follow the example of Paul Volcker, who raised interest rates to unprecedented levels to control inflation in the late 1970s and early 1980s. Volcker succeeded in suppressing price rises, though his policies also led to recessions.

Grantham warns that longer-term trends could prop up inflation for years to come. Climate change resulting in extreme weather and more intense and frequent natural disasters is disrupting the supply of commodities and raising food prices. In addition to that, aging populations also pose a risk as smaller workforces may command higher wages.

Investor Outlook

Grantham’s bearish views suggest investors should prepare for a rocky ride ahead. While there may still be opportunities to make money, the short-term outlook is grim as asset prices come back down to earth. Grantham suggests investors should “count on being surprised” as the bubble deflates.

Investors should exercise caution and consider their options carefully. It may be wise to diversify their portfolios and reduce their exposure to overvalued assets. Opportunities to make money will emerge as the bubble deflates, but the short-term outlook remains forbidding.

Analysts at Bank of America, Goldman Sachs, and Morgan Stanley have more optimistic outlooks for the markets. Still, Grantham’s track record of predicting market crashes makes his warnings worth considering as investors navigate the markets in the coming months.

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