Music sales – Russ Johnson Music http://russjohnsonmusic.com/ Wed, 23 Nov 2022 01:58:11 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://russjohnsonmusic.com/wp-content/uploads/2021/10/icon-7.png Music sales – Russ Johnson Music http://russjohnsonmusic.com/ 32 32 Commercial real estate CLO cash balances have increased in recent months https://russjohnsonmusic.com/commercial-real-estate-clo-cash-balances-have-increased-in-recent-months/ Tue, 22 Nov 2022 23:01:00 +0000 https://russjohnsonmusic.com/commercial-real-estate-clo-cash-balances-have-increased-in-recent-months/ Much has been made of bullish measures in capital markets, such as inflation, yields or the likelihood of a recession. Now, cash balances, as a percentage of pool balances on commercial real estate (CRE) collateralized loan obligations (CLOs), have captured the attention of industry watchers. Cash balances on CRE CLOs had generally trended higher for […]]]>

Much has been made of bullish measures in capital markets, such as inflation, yields or the likelihood of a recession. Now, cash balances, as a percentage of pool balances on commercial real estate (CRE) collateralized loan obligations (CLOs), have captured the attention of industry watchers.

Cash balances on CRE CLOs had generally trended higher for nearly half of 2022 and peaked at 4.8% in September, according to analysts at Kroll Bond Rating Agency. The trend appears rooted in an increase in loan repayments, while reinvestments have trended lower, according to a recent study by the rating agency’s CMBS monitoring team, titled “CRE CLO Cash Balances Trend Upward as Market Slows”.

Overall, cash balances between transactions varied considerably.

This opposite trend could indicate that issuers are facing difficulties in creating new loans to reinvest in the asset class, according to analysts Margit Gregus, senior director; Roy Chun, Managing Director and Catherine Liu, Partner, all members of KBRA’s CMBS oversight team. The balances amount to $1.5 billion on 33 managed deals entered into since 2021, which were subject to KBRA’s review, according to the report.

At first glance, cash balances may appear positive for trading, but cash earns little or no return compared to loans. The higher amounts therefore represent a drag on cash flow from transactions, the rating agency observed.

“As a result, there is less revenue available for distribution to floating rate liability structures,” the analysts wrote. “It generally affects securities in reverse sequential order, starting with privileged certificates, which are typically held by issuers.”

where it all started

Cash escalations saw an uptick in January 2022, the rating agency observed. After that, cash balances remained relatively low, at 2.5% of each pool’s respective balance until April 2022. Thereafter, cash balances steadily increased for the next five months before the October contraction. Transactions typically generate cash balances set aside during start-up periods typically six months when transactions are completed.

In October, CRE CLO’s reinvestment activity increased, reducing cash to $1.3 billion, or 3.9% as a percentage of pool balances, according to KBRA.

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Midterm Democrats Funded With Counterfeit Money https://russjohnsonmusic.com/midterm-democrats-funded-with-counterfeit-money/ Fri, 18 Nov 2022 05:32:34 +0000 https://russjohnsonmusic.com/midterm-democrats-funded-with-counterfeit-money/ Comment Thanks to facial recognition technology capable of to find a wanted man who walks in front of a surveillance camera all over the world, and an artificial intelligence capable of generating deepfake video imitations so realistic that Congress has started panic about its potential for abuse more than three years ago, infallible counterfeiting is […]]]>

Comment

Thanks to facial recognition technology capable of to find a wanted man who walks in front of a surveillance camera all over the world, and an artificial intelligence capable of generating deepfake video imitations so realistic that Congress has started panic about its potential for abuse more than three years ago, infallible counterfeiting is hardly a heavyweight.

But cash has become almost a relic of the 20th century. Fake dollars just used by Democrats to contain the widely predicted Republican ‘red wave’ was the wealth that existed in cyberspace, the result of an investor muddle perpetrated by a now ramshackle tycoon in his twenties whose treasure chest eventually consisted fictitious money. If you thought Republicans were the party of big business and the heartless rich, you might be wondering how Democrats managed to outspend Republicans in key races this year, like John Fetterman rake nearly $48 million during his US Senate campaign from Pennsylvania, while the GOP opponent he defeated, Mehmet Oz, only raked in about $12 million (increased by loaning himself $21 million of dollars). Or outgoing New Hampshire Senator Maggie Hassan re-elected after breeding $38 million, while his GOP challenger, retired Trump-backed general Don Bolduc, raked in just $2.2. million. A big part of the answer is that the Democrats are now the party of the snake oil tycoon.

Despite his uninviting image, often seen in a t-shirt and shorts, Sam Bankman-Fried is an MIT physics graduate who was a billionaire before the age of 30. Defying the usual American corporate standards of family stability and respect for the law, Bankman-Fried established its headquarters in the tax haven of the Bahamas and, if reports are to be believed, enlisted a council of senior executives / roommates who double as its own polyamorous commune.

Before his financial orgy ends this month and over $2 billion in FTX client investments dissolved, Bankman-Friend had handed Joe Biden $10 million in the 2020 presidential election and given Democrats more than $40 million halfway through this year, likely buying the party a majority in US Senate in the next Congress. Now ruined, he was the second biggest contributor to the party’s campaigns, behind only Hungarian-born leftist billionaire currency manipulator George Soros.

The FTX logo and mobile app adverts are displayed on screens in London, England, on Nov. 10, 2022. (Leon Neal/Getty Images)

In dissecting the collapse of FTX, it is crucial to appreciate what too few people, woefully ignorant of economic truths thanks to a union-dominated public school system, know about corporate valuation – than observers accept as being the value of a business always depends on human judgment which assumes trustworthy conduct. Was Blockbuster Video worth $8.4 billion when Sumner Redstone bought it at that price in 1994? Had he known that some 16 years later, as consumers became able to “rent” movies with the click of their remote, Blockbuster would be a bankrupt corporate dinosaur, Redstone probably would have considered invest those billions elsewhere. But no one at Blockbuster knew he was headed for a cliff.

In FTX’s case, however, Bankman-Fried probably didn’t need a crystal ball to see that what he and his fellow Caribbean playmates were presiding over was near disaster. John Ray III, appointed to replace Bankman-Fried as CEO during bankruptcy, and previously overseer of Enron’s cleanup, noticed from FTX that he had never seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information as has happened here.”

Perhaps only a former teenage whiz with no moral scruples could possess the technical skills and lack of ethics necessary to successfully transfer his clients’ money between various affiliated business entities in a shell game that included the using new loans to pay interest. on former loans in order to present the fiction of liquidity, with celebrities like quarterback Tom Brady and television actor Larry David enlisted to improve FTX’s public image. Bankman-Fried even had the FTX logo affixed to the uniforms of all Major League Baseball umpires, juxtaposing the Nike swoosh adorning those of the players. After flying so high, the company, once estimated at $32 billion, is now under federal investigation for securities violations.

But the writing had been on the wall for a long time for the Biden administration to see. Crypto was losing a lot of money in recent months, but Bankman-Fried was mysteriously buying rival crypto companies like BlockFi and digital travelwhile the Securities and Exchange Commission apparently sat idly by.

Epoch Times Photo
Sam Bankman-Fried speaks onstage at Casa Cipriani in New York City on June 23, 2022. (Craig Barritt/Getty Images for CARE For Special Children)

Add to all this the fact that Bankman-Fried Parents are Democratic Party operatives, her father Joseph Bankman having helped Senator Elizabeth Warren draft a tax bill, her mother leading a group called ‘Mind The Gap’ which connects donors with candidates and to Democratic causes, and his brother Gabe founding a political action committee that uses fear of future pandemics to funnel money to Democrats.

Compare the fraudulent money that FTX charged Democrats with Elizabeth Holmes, disgraced CEO of multibillion-dollar blood test scam company Theranos, accommodation a Hillary Clinton presidential campaign fundraiser at Theranos headquarters in Palo Alto in the spring of 2016, offering a chance to face Chelsea Clinton for those willing to shell out $2,700.

In the cases of FTX and Theranos, not all unwitting investor liquidity descended into the black hole of Bankman-Fried and Holmes lies; they have funded left-wing candidates and causes that the owners of that money have not approved of, and no doubt many oppose. And Democrats don’t seem too happy to take money invested under false pretenses.

So the left has found another way to use capitalism in its war against economic freedom – and every other freedom.

The opinions expressed in this article are the opinions of the author and do not necessarily reflect the opinions of The Epoch Times.

Thomas McArdle

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Thomas McArdle was a White House speechwriter for President George W. Bush and writes for IssuesInsights.com

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China keeps policy rate unchanged as policymakers balance yuan and economic risks https://russjohnsonmusic.com/china-keeps-policy-rate-unchanged-as-policymakers-balance-yuan-and-economic-risks/ Tue, 15 Nov 2022 04:24:00 +0000 https://russjohnsonmusic.com/china-keeps-policy-rate-unchanged-as-policymakers-balance-yuan-and-economic-risks/ SHANGHAI, Nov 15 (Reuters) – China’s central bank partially rolled over its maturing medium-term policy bonds and kept the interest rate unchanged for a third consecutive month on Tuesday, suggesting policymakers are wary of deepening the weakness of the yuan by easing monetary conditions. A global wave of interest rate hikes has limited Beijing’s ability […]]]>

SHANGHAI, Nov 15 (Reuters) – China’s central bank partially rolled over its maturing medium-term policy bonds and kept the interest rate unchanged for a third consecutive month on Tuesday, suggesting policymakers are wary of deepening the weakness of the yuan by easing monetary conditions.

A global wave of interest rate hikes has limited Beijing’s ability to sustain a faltering economy, with the falling yuan raising the risks of large-scale capital outflows as investors seek higher yield premiums elsewhere, especially especially those offered by US bonds.

Data released earlier in the day underscored mounting pressure on the world’s second-largest economy as a fresh wave of COVID outbreaks led to further loss of momentum.

The People’s Bank of China (PBOC) said it was keeping the rate on 850 billion yuan ($120.21 billion) of one-year medium-term loans (MLF) to certain financial institutions at 2.75% , unchanged from the previous operation. .

“Forex market stabilization is still high on the macro policy agenda,” said Wang Qing, chief macro analyst at Dongfang Jincheng.

“Keeping policy rates stable will help curb widening interest rate differentials between China and the United States and stabilize currency market expectations.”

In a poll this week of 31 market watchers, all participants expected the PBOC to keep the interest rate unchanged, while 22 expected the central bank to renew entirely. maturing loans.

With 1 trillion yuan of MLF loans set to expire on the same day, the operation resulted in a medium-term net cash outflow of 150 billion yuan through the instrument.

The central bank said the latest operation was aimed at countering increased demand for liquidity due to tax payments and maintaining “reasonably sufficient liquidity in the banking system”.

The PBOC has offered 320 billion yuan of medium- and long-term liquidity through additional pledged loans (PSLs) and a lending facility since early November, it added.

“The total amount of medium and long-term liquidity injection exceeded the MLF deadline this month,” the PBOC said in an online statement.

Separately, the central bank also injected 172 billion yuan through seven-day reverse repos while keeping borrowing costs unchanged at 2.00%, compared to 2 billion yuan of such loans expiring on the same day. .

China’s economy has been rocked by a fresh wave of COVID-19 infections across the country in recent weeks, disrupting business activity and household consumption. A slew of data Tuesday on factory production, retail sales and real estate investment pointed to further loss of momentum and a darkening outlook.

The authorities walk a tightrope when it comes to politics. The PBOC’s decision to lower policy rates in August to revive credit demand and support an economy hit by COVID shocks accelerated the decline of the yuan.

The yuan has fallen about 10% against the dollar so far this year and is expected to see the worst annual performance since 1994, when China unified the market and official rates. It hit 7.0508 to the dollar around noon, up slightly from Monday.

Xing Zhaopeng, senior China strategist at ANZ, said any further monetary policy stimulus will largely depend on credit demand, which fell more than expected in October.

The central bank “will continue to maintain ample liquidity, but the chances of an interest rate cut are low,” he said.

($1 = 7.0710 Chinese Yuan)

Reporting by Winni Zhou and Brenda Goh; Editing by Edmund Klamann & Shri Navaratnam

Our standards: The Thomson Reuters Trust Principles.

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North Carolina man pleads guilty to COVID loan fraud https://russjohnsonmusic.com/north-carolina-man-pleads-guilty-to-covid-loan-fraud/ Wed, 09 Nov 2022 17:19:30 +0000 https://russjohnsonmusic.com/north-carolina-man-pleads-guilty-to-covid-loan-fraud/ GREENVILLE, NC (WNCN) — A Cary man has pleaded guilty to a multi-million dollar fraud scheme, U.S. Attorney Michael Easley said in a statement. Quentin Allen Jackson, 56, pleaded guilty on Wednesday to “conspiracy to launder money in connection with fraudulent Paycheck Protection Act proceeds.” Jackson worked with others to obtain fraudulent Paycheck Protection Program […]]]>

GREENVILLE, NC (WNCN) — A Cary man has pleaded guilty to a multi-million dollar fraud scheme, U.S. Attorney Michael Easley said in a statement.

Quentin Allen Jackson, 56, pleaded guilty on Wednesday to “conspiracy to launder money in connection with fraudulent Paycheck Protection Act proceeds.”

Jackson worked with others to obtain fraudulent Paycheck Protection Program (PPP) loans from several companies that are “under Jackson’s control,” according to Easley.

After Jackson received the PPP loans, he worked with co-conspirators to make it look like he was “paying payroll every two weeks” to employees, but these people weren’t working for the companies or “they don’t were not actually earning salaries comparable to what was represented in the loan applications.

Jackson then told those receiving the checks “to cash the checks and then return the illicit money to him.”

Jackson also served as an intermediary for his co-conspirators, Easley said. He earned a commission for “each additional fraudulent borrower he recruited”.

And he recruited more than 12 people who got fraudulent PPP loans.

“The defendant took money intended to help struggling small businesses during the pandemic,” Easley said. “We will vigorously pursue criminals who lined their pockets with taxpayers’ money as the pandemic crippled local businesses.”

Jackson and his co-conspirators took nearly $4 million in fraudulent PPP loans, Easley said.

Jackson is expected to be sentenced next year.

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Student loans, benefits, gas prices… https://russjohnsonmusic.com/student-loans-benefits-gas-prices/ Sun, 06 Nov 2022 19:58:08 +0000 https://russjohnsonmusic.com/student-loans-benefits-gas-prices/ Hello everyone and thank you for joining us as we begin to move deeper into November for our daily MARCA in English American financial news blogas we discuss all the financial news and benefit plans of the whole world United States this Sunday, November 6. A number of benefit plans are being renewed or changed, […]]]>

Hello everyone and thank you for joining us as we begin to move deeper into November for our daily MARCA in English American financial news blogas we discuss all the financial news and benefit plans of the whole world United States this Sunday, November 6.

A number of benefit plans are being renewed or changed, so we’ll keep you posted on all of that, along with explanations of which states are still providing dunning checks, and give you the latest news Student loans.

Our goal is for you to keep your hard-earned money in your pocket and bank account as much as possible, so follow us for all the latest updates.

They follow below, with the most recent entries being those closest to the top.

U.S. Finance Updates, Sunday, November 6: The latest money-saving tips and benefits news

So this is our MARCA Financial news blog in Englishthe place where we bring you daily information on benefit programs deserves to be known in the United States of America.

On this page, we will detail the name of these benefit plans, who is eligible and how to apply. Going further into November, it is worth paying close attention to any changes that may arise.

As mentioned above, there are still Dunning checks in some states, depending on where you live and your state government’s current policies.

There is also more general money saving tips deserves to be known, especially in this period of high inflation.

Given that gas price remain very high, we will provide you with a list of cheap gas stations in the main cities of the United States of America, so that you can pay a little less at the pump.

There really is so much to discuss, so keep this tab open for that. The American Sunday financial news blog.

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Southside Bancshares, Inc. Declares Fourth Quarter Cash Dividends and Special Dividends https://russjohnsonmusic.com/southside-bancshares-inc-declares-fourth-quarter-cash-dividends-and-special-dividends/ Thu, 03 Nov 2022 21:12:00 +0000 https://russjohnsonmusic.com/southside-bancshares-inc-declares-fourth-quarter-cash-dividends-and-special-dividends/ Southside Bancshares, Inc. TYLER, Texas, Nov. 03, 2022 (GLOBE NEWSWIRE) — The board of directors of Southside Bancshares, Inc., (NASDAQ: SBSI), parent company of Southside Bank, has declared a regular quarterly cash dividend of 0.34 $ per common share. In a separate action, the board declared a special cash dividend of $0.04 per common share. […]]]>

Southside Bancshares, Inc.

TYLER, Texas, Nov. 03, 2022 (GLOBE NEWSWIRE) — The board of directors of Southside Bancshares, Inc., (NASDAQ: SBSI), parent company of Southside Bank, has declared a regular quarterly cash dividend of 0.34 $ per common share. In a separate action, the board declared a special cash dividend of $0.04 per common share. The combined cash dividend of $0.38 is to be paid on December 8, 2022 to common shareholders of record on November 23, 2022.

“We are very pleased to announce our regular quarterly cash dividend and a special cash dividend of $0.04, demonstrating our strong financial performance and commitment to our shareholders,” said Lee R. Gibson, Chairman and CEO of Southside Bancshares, Inc. “We are proud to continue our long list of annual dividend increases.”

About Southside Bancshares, Inc.

Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas with approximately $7.45 billion in assets as of September 30, 2022, which wholly owns Southside Bank. Southside Bank currently operates 56 branches and a network of 75 ATMs/ATMs in East Texas, Southeast Texas, and the Dallas/Fort Worth, Austin, and Houston areas. Serving customers since 1960, Southside Bank is a community-focused financial institution that offers a full range of financial products and services to individuals and businesses. These products and services include consumer and commercial loans, mortgages, deposit accounts, safe deposit boxes, cash management, wealth management, trust services, brokerage services and a range of online and mobile.

To learn more about Southside Bancshares, Inc., please visit our Investor Relations website at https://investors.southside.com. Our Investor Relations site provides a detailed overview of our business, financial information and historical stock price data. To receive email notification of company news, events and stock market activity, please sign up on the Email Notification portion of the website. Questions or comments can be directed to Julie Shamburger at (903) 531-7134, or julie.shamburger@southside.com.

Forward-looking statements

Certain statements other than historical fact contained in this press release and in other written materials, documents and oral statements issued by or on behalf of the Company may be deemed “forward-looking statements” within the meaning and subject to them. safe harbor protections of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and should not be relied upon as representing the views of management as of any future date. These statements may include words such as “expect”, “estimate”, “project”, “anticipate”, “appear”, “believe”, “could”, “should”, “may”, “could”. , “will,” “would seek,” “seek,” “intend,” “probability,” “risk,” “goal,” “target,” “objective,” “plan,” “potential,” and expressions Forward-looking statements are statements about the beliefs, plans, expectations, objectives, goals, anticipations, assumptions, estimates, intentions and future performance of the Company and are subject to important risks. and known and unknown uncertainties, which could cause the actual results of the Company to differ materially from the results discussed in the forward-looking statements. For example, discussions about the effect of our expansion, the benefits of the share repurchase plan, the trends in asset quality, capital, liquidity, capacity of the a company to sell non-performing assets, expense reductions, expected operating efficiencies and growth benefits and certain information on market risks, including the impact of interest rates, tax reform, the inflation, impacts related to or resulting from Russia’s invasion of Ukraine and other economic factors are based on information currently available to management and depend on choices regarding key model features and assumptions and are subject to to various limitations. By their nature, certain market risk information is only an estimate and could differ materially from what actually occurs in the future. Accordingly, our results could differ materially from those estimated. The most important factor that could cause future results to differ materially from those anticipated by our forward-looking statements includes the continued impact of higher levels of inflation, higher interest rates and economic and recessionary concerns. general, all of which could impact economic growth and cause a reduction in financial transactions and business activity, including reduced deposits and loan originations, our ability to manage liquidity in a rapidly changing and unpredictable market , supply chain disruptions, labor shortages and further interest rate hikes by the Federal Reserve.

Additional information regarding the Company and its business, including additional factors that could materially affect the Company’s financial results, is included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, under “Part I – Point 1”. Forward-Looking Information” and in other documents filed by the Company with the Securities and Exchange Commission. The Company disclaims any obligation to update any factors or publicly announce the outcome of any revisions to any of the forward-looking statements included herein to reflect future events or developments.

For more information:
Julie Hamburger
(903) 531-7134

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3 Warren Buffett Stocks That Scream November Buys https://russjohnsonmusic.com/3-warren-buffett-stocks-that-scream-november-buys/ Tue, 01 Nov 2022 09:06:00 +0000 https://russjohnsonmusic.com/3-warren-buffett-stocks-that-scream-november-buys/ The investment history of Berkshire Hathaway (BRK.A -1.52%) (BRK.B -1.51%) CEO Warren Buffett suggests he might know a thing or two about the stock market and identifying value. Since taking over the helm of Berkshire in 1965, he has created approximately $660 billion in value for shareholders (himself included) and achieved a staggering average annual […]]]>

The investment history of Berkshire Hathaway (BRK.A -1.52%) (BRK.B -1.51%) CEO Warren Buffett suggests he might know a thing or two about the stock market and identifying value. Since taking over the helm of Berkshire in 1965, he has created approximately $660 billion in value for shareholders (himself included) and achieved a staggering average annual return of 20.1% for class equities. A of his company (BRK.A).

Given the success of the Oracle of Omaha for more than half a century, everyone, from professional investors to ordinary investors, pays close attention to what they buy and sell in the investment portfolio of Berkshire Hathaway.

Warren Buffett, CEO of Berkshire Hathaway. Image source: The Motley Fool.

Buffett’s portfolio is also a great place to start when looking for stock buy ideas during a bear market recoil. Although Berkshire Hathaway holds about four dozen stocks in its investment portfolio, three Warren Buffett stocks stand out as glaring daily buys in November.

Johnson & Johnson

The first Warren Buffett stock just begging to be bought as we approach the home stretch of 2022 is the healthcare juggernaut Johnson & Johnson (JNJ -0.52%), or J&J for short. Although J&J is struggling with poor investor sentiment, it is a company that continues to fire full steam ahead.

Health stocks are one of the smartest places to put your money to work during a bear market. No matter how poorly the US economy performs or how negative investor sentiment evolves, we don’t have the ability to control when we get sick or what disease(s) we develop. There will always be a demand for prescription drugs, medical devices and healthcare services, which means J&J is mostly inflation and recession proof.

Although a stronger US dollar is hurting sales for multinational companies like Johnson & Johnson, a deeper dive reveals that all is well from an operational standpoint. Excluding exchange rate fluctuations, sales in the pharmaceutical and medical technology (MedTech) segments were up 10.2% and 6.6% respectively in the first nine months of 2022.

One of the main reasons J&J has been able to deliver adjusted single-digit sales growth and earnings growth for so long is its diversified operating sectors. For example, the company has focused on higher-margin drug sales over the past decade. But because brand-name drugs have relatively short sales exclusivity periods, the company can rely on its MedTech segment to pick up the slack when certain therapies face competition from biosimilars or generics.

Another reason why J&J is such a solid investment is its return on capital program and balance sheet. Johnson & Johnson has increased its basic annual dividend for 60 consecutive years and is one of only two publicly traded companies which has the highest credit rating (AAA) issued by Standard & Poor’s, a division of S&P Global. J&J’s credit rating is higher than that of the US federal government.

At a time when investors are looking for security and valueJohnson & Johnson’s forward price-to-earnings ratio below 17 and dividend yield of 2.6% stand out as a beacon.

American bank

A second Warren Buffett stock that is a screaming buy in November is American bank (USB -0.96%), the parent company of US Bank. Despite recession fears weighing on cyclical sectors, such as financials, US Bancorp is one of the few financial stocks positioned to thrive, even in a difficult economic environment.

The Federal Reserve’s monetary policy is one of the biggest tailwinds for bank stocks right now. Normally, a weaker economy and/or a plummeting stock market would encourage the country’s central bank to ease interest rates or offer some form of quantitative easing measures. But with inflation hitting four-decade highs in June, the Fed had no choice but to aggressively raise rates in a bear market.

Banks with floating rate loans outstanding benefit through increased net interest margin and higher net interest income. In the case of US Bancorp, its net interest income jumped nearly 21% year over year in the quarter ended August.

Another important factor working in favor of US Bancorp is the fiscal prudence of its management team. During the financial crisis between 2007 and 2009, most money banks were beset by riskier derivative investments they had made which eventually backfired.

US Bancorp has largely avoided this mess thanks to its focus on what I call the bread and butter of banking: loan and deposit growth. Although loan and deposit growth is not necessarily an exciting operating model, it is a profitable model for US Bancorp that has led to superior return on assets compared to other major banks.

US Bancorp is also setting the standard in digital engagement. At the end of August, 82% of the company’s total active customers were banking online or through a mobile app. Equally important, 62% of loan sales were made digitally. For banks, digital sales cost a fraction of the cost of face-to-face or phone interactions. This large digital presence has allowed the company to consolidate some of its branches and minimize increases in non-interest expenses.

Investors have the opportunity to buy one of the best managed banks on the planet for less than 9 times future earnings, and they will receive a 4.5% annual dividend yield for their patience. It’s a steal.

An Amazon delivery driver leaning out of a van window to speak with a colleague.

Image source: Amazon.

Amazon

The third Warren Buffett stock that is a screaming buy in November is FAANG Stock Amazon (AMZN -0.94%). Although the company’s third-quarter operating results signaled near-term difficulties, Wall Street and investors seem to ignore the key performance indicators that matter most.

For most investors and consumers, Amazon’s dominant online marketplace is what comes to mind when the name “Amazon” comes up. This year, Amazon is expected to generate more U.S. online retail revenue than its 14 closest competitors, combined. However, retail demand is slowing as high inflation bites into the pockets of low-income workers, which is why the company’s fourth-quarter sales forecast largely missed the mark.

But even though Amazon’s online marketplace is its biggest revenue generator, it’s not a particularly big segment in terms of operating cash flow. Online retail margins are generally very low. It’s more of a business higher margin trio Amazon Web Services (AWS), advertising services, and subscription services that are critical to growing operating cash flow.

Cloud infrastructure segment AWS accounts for nearly a third of global cloud service spending, according to Canalys. Cloud growth is still in its infancy, and the high margins associated with the cloud generate significant operating revenue for Amazon. In the first nine months of 2022, AWS accounted for 16% of the company’s net sales, as well as all of its operating profit (as retail segments generated operating losses).

Likewise, subscription services (e.g. Prime) and advertising services are seeing double-digit growth. Excluding currency fluctuations, subscription services and advertising services sales increased 14% and 30%, respectively, in the last quarter. The segments that really matter to Amazon’s cash flow are doing very well.

This brings me to the last point: Amazon’s cash flow. Although earnings per share is a common tool used by investors to value publicly traded companies, it works poorly with Amazon, given that the company reinvests most of its operating cash flow back into the business. During the 2010s, investors voluntarily paid a median year-end multiple of 30 times cash flow to own Amazon stock. You can buy stocks today for about 9 times the cash flow that Wall Street predicts for the company in 2025. That’s incredibly cheap for a winner like Amazon.

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Chase Ink Business Cash and Unlimited Cards: $900 Cash Back Bonus https://russjohnsonmusic.com/chase-ink-business-cash-and-unlimited-cards-900-cash-back-bonus/ Sat, 29 Oct 2022 03:07:10 +0000 https://russjohnsonmusic.com/chase-ink-business-cash-and-unlimited-cards-900-cash-back-bonus/ Chase has just launched a new welcome bonus for two of his Ink Business Credit Cards, and these are their biggest sign-up offers to date. In fact, these are some of the best credit card welcome bonuses we’ve ever seen on the market. New eligible members of the Ink Business Cash® credit card and Ink […]]]>

Chase has just launched a new welcome bonus for two of his Ink Business Credit Cards, and these are their biggest sign-up offers to date. In fact, these are some of the best credit card welcome bonuses we’ve ever seen on the market.

New eligible members of the Ink Business Cash® credit card and Ink Business Unlimited® Credit Card can now earn $900 bonus after spending $6,000 in the first three months. It’s like earning 15% cash back for your Company on the purchases you were making anyway. Also, none of the cards have an annual fee.

Select details new bonuses, what you need to know about each card and how to qualify for welcome bonuses.

Subscribe to the Select newsletter!

Our top picks delivered to your inbox. Shopping recommendations that help you improve your life, delivered weekly. register here.

Ink Business Cash and Unlimited Welcome Bonus

Ink Business Cash® credit card

  • Awards

    Earn 5% cash back on the first $25,000 spent on combined purchases at office supply stores and Internet, cable, and phone services each account anniversary year (1% thereafter); 2% cash back on the first $25,000 spent on combined gas station and restaurant purchases each account anniversary year (1% thereafter); 1% cash back on all other purchases

  • welcome bonus

    Earn $900 cash back after spending $6,000 on purchases within the first 3 months of account opening

  • Annual subscription

  • Introduction AVR

    0% for the first 12 months from account opening on purchases; N/A for balance transfers

  • Regular APR

  • Balance Transfer Fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fees

  • Credit needed

Ink Business Unlimited® Credit Card

  • Awards

    Earn 1.5% cash back on every purchase made for your business

  • welcome bonus

    Earn $900 cash back after spending $6,000 on purchases within the first 3 months of account opening

  • Annual subscription

  • Introduction AVR

    0% for the first 12 months from account opening on purchases; N/A for balance transfers

  • Regular APR

  • Balance Transfer Fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fees

  • Credit needed

The new offers are already superior because they offer more cashback and require less spending, but they are still getting better.

Although Ink Business Cash and Unlimited are considered refund cardsif you have an Ultimate-Rewards eligible card like the Ink Business Preferred® Credit Card Where Chase Sapphire Preferred Cardyou can convert the cashback earned with these cards into transferable Chase Ultimate Rewards® points.

Many travel rewards enthusiasts value these types of points at two cents each, meaning your 90,000 bonus points could be worth $1,800 on travel when transferred to an airline or hotel partner, like United. , Air Canada or Hyatt. If you redeem your points via the Chase Ultimate Rewards Travel Portal (similar to Expedia where you can book any type of travel with no blackout dates), 90,000 points are worth $1,125 or $1,350, depending on which Ultimate-Rewards card you have.

Of course you can also redeem your Chase Ultimate Rewards® points to gift cards, Apple purchases, Amazon purchases and much more. And the best part is that credit card sign-up bonuses are usually not considered taxable income since money had to be spent to earn them.

Rarely do credit card issuers offer such good bonuses. What sets this offer apart is its size, reasonable spending requirements, and the fact that it’s a card with no annual fee. There are a handful of credit cards that offer welcome bonuses of 80-100,000 points, but the cards typically have annual fees of $500 and up.

Who is eligible to earn the Ink Business Cash and Unlimited Card welcome bonuses?

Even if it’s a business credit card, you might be able to get approved even if you don’t think you own a business. More hustles qualify you for a business credit cardlike driving for Uber or Lyft, babysitting, tutoring, reselling items (like on the Ebay or Facebook marketplace) and more.

Chase is known for its strict eligibility requirements on its Sapphire cards, but leaves out all major restrictions for its business cards. The terms do not specify that previous cardholders must wait 24-48 months before earning another bonus. You can apply for both the Ink Business Cash® credit card and Ink Business Unlimited® Credit Card and earn both welcome bonuses.

However, you will need to consider Chase’s 5/24 Rule before requesting either or both cards. The 5/24 rule limits who can be approved for a new Chase credit card. If you’ve opened five or more personal credit cards (from any card issuer) in the last 24 months, chances are you’ll be declined for a new Chase Ink Business card. It’s because lenders usually check your personal credit with a business application.

Ink Business Cash and Unlimited Benefits and Rewards

Chase Ink Business Cash vs. Ink Business Unlimited

Ink Business Unlimited Credit Card ink corporate cash credit card
Annual subscription $0 $0
Awards 1.5% cash back on every purchase 5% cash back in select business categories
Introduction AVR 0% intro APR for 12 months from account opening on purchases 0% intro APR for 12 months from account opening on purchases
Regular APR 16.24% – 22.24% variable 16.24% – 22.24% variable
Foreign transaction fees 3% 3%

Both cards also come with various benefits and protections that provide added value to cardholders, including:

Find the best credit card for you by reviewing the offers in our credit card market or get personalized offers via CardMatch™.

At the end of the line

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff alone and have not been reviewed, endorsed or otherwise endorsed by any third party.

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Biden’s student loan forgiveness plan is not law. Why did he say it was? https://russjohnsonmusic.com/bidens-student-loan-forgiveness-plan-is-not-law-why-did-he-say-it-was/ Wed, 26 Oct 2022 09:03:46 +0000 https://russjohnsonmusic.com/bidens-student-loan-forgiveness-plan-is-not-law-why-did-he-say-it-was/ During weekend interview with the progressive group NowThis News, President Joe Biden made the startling claim that he had “signed legislation” to cancel student debt. After giving some details about what the “law” would offer 40 million Americans, he also said, “It’s passed. I got it passed by a vote or two, and it’s in […]]]>

]]> Five questions for the ECB https://russjohnsonmusic.com/five-questions-for-the-ecb/ Mon, 24 Oct 2022 05:28:13 +0000 https://russjohnsonmusic.com/five-questions-for-the-ecb/ By Dhara Ranasinghe, Stefano Rebaudo and Kripa Jayaram LONDON (Reuters) – The European Central Bank meets on Thursday and appears in no mood to slow the pace of aggressive interest rate hikes in the face of runaway inflation, even as the economic outlook darkens. It has raised rates by a total of 125 basis points […]]]>

By Dhara Ranasinghe, Stefano Rebaudo and Kripa Jayaram

LONDON (Reuters) – The European Central Bank meets on Thursday and appears in no mood to slow the pace of aggressive interest rate hikes in the face of runaway inflation, even as the economic outlook darkens.

It has raised rates by a total of 125 basis points (bps) since July, the fastest pace of policy tightening on record.

Recession risks are unlikely to hold back just yet, but markets are looking for signs that a pause may be coming.

“The central bank has few options other than offering another huge rate hike and sounding hawkish,” said Nordea chief analyst Jan von Gerich.

Here are five key questions on the market radar.

1/ What will the ECB do this week?

Economists polled by Reuters expect rates to rise 75 basis points to 1.5%, a view reflected in market prices. Policymakers argued for a steep rate hike, with most specifying a preference for 75 basis points.

The ECB could announce a possible change to the rules governing cheap long-term loans, targeted long-term refinancing operations (TLTROs).

Investors will also be looking to ECB boss Christine Lagarde for advice on how the ECB views the trade-off between recession risks and inflation, and when it might suspend tightening.

“It makes sense to expect a 75 basis point rate hike, signals that the ECB will shrink its balance sheet and a change in TLTRO rules to reduce excess liquidity,” said Francis Yared, Global Head of Rates Research at Deutsche Bank. “What’s not clear is how much of this the ECB will announce (this week).”

(ECB set for another oversized rate hike https://graphics.Reuters.com/GLOBAL-MARKETS/myvmomnnovr/chart.png)

2/ Is there an indication that inflation is peaking?

Economists say it’s too early to call a spike in inflation, but the odds of it coming soon are increasing. Inflation accelerated to nearly 10%, a level not seen in some eurozone countries for more than 70 years.

One reason for optimism is that gas prices in Europe are down 65% from the peak in August.

While an inflation peak could be near if there are no additional shocks from the war in Ukraine, the decline will be slow at first, said ECB policy chief Bostjan Vasle.

Another problem is that inflation is widespread, so even when headline numbers fall, underlying price growth will remain uncomfortably high.

The spike in inflation is crucial to whether policymakers will need to push rates past the neutral setting – where they neither boost nor slow growth – a rate usually pegged at between 1.5% and 2% but which some policymakers politicians deem it too low.

(Is Eurozone inflation peaking? https://graphics.Reuters.com/EUROZONE-MARKETS/dwpkdgrwmvm/chart.png)

3/ Are we about to get QT?

Not yet. But the ECB may change its language on reinvestments and provide more details in the coming months.

The next key political debate concerns how to reduce the more than 5 trillion euros of bonds on the ECB’s balance sheet in a process called quantitative tightening (QT).

Bundesbank President Joachim Nagel and Dutch central bank chief Klaas Knot said the moment for the QT, as part of a broader policy tightening, was approaching.

(The era of easy money is over The era of easy money is over https://graphics.Reuters.com/GLOBAL-MARKETS/byprjzaaxpe/chart.png)

4/ Is the ECB distributing liquidity to the banks and what will it do?

Eurozone banks are sitting on 2.1 trillion euros in cash distributed by the ECB at ultra-low, sometimes even negative, rates aimed at reviving the economy.

But rapid and large rate hikes mean banks can park that money at the ECB, earning a risk-free profit, angering policymakers who see it as manipulation of the system.

Policymakers are believed to be closing in on a deal to change rules governing bank lending, a move that would cut tens of billions of euros in potential bank profits. A decision could come Thursday.

(Who gets the ECB cash gift? Who gets the ECB cash gift? https://graphics.Reuters.com/EUROZONE-MARKETS/gdpzqryowvw/chart.png)

5/ To what extent is the ECB concerned about financial instability?

Aggressive rate hikes by major central banks and the rout in UK bonds raised concerns about financial instability.

The International Monetary Fund says risks to financial stability have increased “significantly” and Lagarde warned that markets could be overly optimistic about the economic outlook, raising the risk of a sharp market correction.

“The critical issue for the markets is financial stability,” said Flavio Carpenzano, head of fixed income investments at Capital Group, although he doesn’t expect the ECB to deal with it directly.

(Financial stability risk concerns rise Financial stability risk concerns rise https://graphics.Reuters.com/GLOBAL-MARKETS/zjpqjqkrzvx/chart.png)

(Reporting by Dhara Ranasinghe in London and Stefano Rebaudo in Milan; Graphics by Kripa Jayaram and Vincent Flasseur; Editing by Tommy Reggiori Wilkes and Andrea Ricci)

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