If you own a car and require urgent money, then you’re in the right place. You can utilize your car as collateral for Payday Loans online @ citrusnorth.com and get fast money to pay for costs. Let’s take a closer look the way that the title Payday Loans work and the advantages that come with having one.
What if I used my vehicle as collateral to get the Payday loans?
These Title-Payday Loans can be described as essentially secured Loans that permit you to borrow against your car as collateral. If you’re accepted, you are able to continue driving your car while you pay off the Payday Loans. You are eligible for a title Payday Loan for as long as you own your vehicle.
What are the mechanics behind the car Title Payday Loans work?
Title Payday Loans are secure payday Loan that relies on your car as collateral. When you’re approved for a title payday loan and you’re able to give the lender the title of your car to receive a large amount of cash. The appraisal value of your vehicle can determine how much you’ll get.
The benefits of obtaining an auto title Payday Loans by using your vehicle as collateral
There are many advantages to having a title-based Payday Loan with your car as collateral, such as:
The application process is simple and easy to complete.
You are able to apply for a Title Payday Loan and have your vehicle appraised within minutes.
Cash in a hurry
When your vehicle is appraised and you agree to the deal the lender can transfer your money immediately. You will receive the cash fast and will not be waiting for several months for your cash as you do with other kinds of payday loans.
You can keep driving your car
If you get an official loan title Payday Loans, you’ll be in a position to continue driving your vehicle. You won’t need to lease a vehicle or rely on friends or family members to get you the place you want to get to.
You don’t have to have good credit
Title Payday Loans have flexibility in terms of requirements. Because you’re using your vehicle to secure the loan, you can be approved for Payday Loan even if you have bad credit.
A representative will examine your car and provide you with a Payday Loans offer within minutes. When you’ve agreed to these Payday Loans terms, you will receive the money. It will be simple and quick and you don’t have to worry about having good credit to get approved.
The Florida Retirement System State Board of Directors reduced its stake in shares of Axon Enterprise, Inc. (NASDAQ: AXON – Get Rating) by 1.9% during Q1, according to the company in its most recent filing with the Securities & Exchange Commission. . The company held 73,828 shares of the biotech company after selling 1,459 shares during the period. The Florida Retirement System State Board of Directors held 0.10% of Axon Enterprise worth $10,168,000 when it was last filed with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently changed their stakes in the company. Washington Harbor Partners LP purchased a new position in Axon Enterprise during the fourth quarter worth approximately $2,098,000. Texas Permanent School Fund increased its stake in Axon Enterprise by 2.1% in Q1. Texas Permanent School Fund now owns 48,541 shares of the biotech company valued at $6,686,000 after buying 983 additional shares in the last quarter. Teacher Retirement System of Texas increased its stake in Axon Enterprise by 17.8% in the fourth quarter. Teacher Retirement System of Texas now owns 12,531 shares of the biotech company valued at $1,967,000 after buying 1,890 additional shares in the last quarter. Psagot Value Holdings Ltd. Israel acquired a new position in Axon Enterprise in Q4, valued at approximately $63,000. Finally, Capital Fund Management SA increased its stake in Axon Enterprise by 25.1% in the 4th quarter. Capital Fund Management SA now owns 31,976 shares of the biotech company valued at $5,020,000 after buying an additional 6,415 shares in the last quarter. Institutional investors and hedge funds hold 72.06% of the company’s shares.
Insider buying and selling
In related news, director Mark W. Kroll sold 3,159 shares of the company in a trade that took place on Wednesday, June 8. The shares were sold at an average price of $102.82, for a total transaction of $324,808.38. Following the sale, the director now directly owns 13,691 shares of the company, valued at approximately $1,407,708.62. The sale was disclosed in a legal filing with the SEC, which is available via this link. 6.90% of the shares are held by insiders.
Axon Enterprise Price Performance
Shares of AXON opened at $116.23 on Tuesday. Axon Enterprise, Inc. has a fifty-two week minimum of $82.49 and a fifty-two week maximum of $209.00. The company’s 50-day moving average price is $96.81 and its 200-day moving average price is $112.82. The company has a market capitalization of $8.25 billion, a P/E ratio of 223.52 and a beta of 0.66. The company has a quick ratio of 2.18, a current ratio of 2.43 and a leverage ratio of 0.02.
Axon Enterprise (NASDAQ:AXON – Get Rating) last announced its results on Tuesday, May 10. The biotech company reported earnings per share of $0.76 for the quarter. Axon Enterprise had a net margin of 4.62% and a return on equity of 3.90%. The company posted revenue of $256.43 million for the quarter, versus a consensus estimate of $233.57 million. During the same period of the previous year, the company achieved EPS of ($0.75). The company’s revenue for the quarter increased 31.5% on an annual basis. On average, research analysts expect Axon Enterprise, Inc. to post 1.35 earnings per share for the current fiscal year.
A Wall Street analyst gives his opinion
Several equity analysts weighed in on the stock. JMP Securities reiterated a “buy” rating and issued a target price of $195.00 on Axon Enterprise shares in a Wednesday, June 1 report. Robert W. Baird cut his price target on Axon Enterprise shares from $145.00 to $125.00 in a Wednesday, May 11 report. Morgan Stanley downgraded shares of Axon Enterprise from an “overweight” rating to an “equal weight” rating and set a price target of $120.00 for the stock. in a report on Monday, May 23. StockNews.com upgraded Axon Enterprise shares from a “hold” rating to a “buy” rating in a Saturday, June 18 report. Finally, Northland Securities cut its price target on Axon Enterprise shares from $180.00 to $130.00 in a Thursday, May 12 report. One financial analyst gave the stock a hold rating and eight gave the stock a buy rating. According to data from MarketBeat.com, Axon Enterprise currently has an average rating of “Moderate Buy” and a consensus price target of $162.25.
About Axon Enterprise
(Get a rating)
Axon Enterprise, Inc develops, manufactures and sells pulsed energy devices (CEDs) under the TASER brand in the United States and around the world. It operates through two segments, TASER, and Software and Sensors. The company also offers cloud-based hardware and software solutions that enable law enforcement to securely capture, store, manage, share and analyze video and other digital evidence.
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U-Save Car & Truck Rental Winchester opened in early August.
RIDGELAND, MS, USA, August 8, 2022 /EINPresswire.com/ — U-Save Car & Truck Rental is pleased to announce the opening of a new location in Winchester, Indiana. The new location is locally owned and operated by Casey and Morgan Dyer and James and Lisa Keener.
The new franchise located at 401 Symmers Center Drive in Winchester will include a fleet of sedans, small and midsize SUVs and minivans; and will diversify as it grows.
“We are thrilled to announce the opening and affiliations with U-Save Auto Rental of America,” said Casey Dyer. “We look forward to adding another contributing business to the community. Currently, Randolph County residents are leaving the area to rent a car. Our team is looking forward to changing that.
About U-Save Car & Truck Rentals U-Save Car & Truck Rental was founded in 1979 and is the oldest car rental franchise company in the United States. With over 200 rental locations worldwide, U-Save offers discount rentals with fast, friendly service and a personal touch. U-Save Car and Truck Rental can make your car rental experience easy and satisfying, from your local neighborhood or airport to major markets nationwide and popular vacation spots.
In 2021, Chinese defense revenues increased for each of the seven state-owned companies involved in Chinese defense production. Growth has been variable among the seven companies, but all have benefited from relative economic growth in 2021, as well as the People’s Liberation Army’s continued modernization and acquisition of naval, aerospace and land capabilities. .
Companies in the shipbuilding and electronics sectors have seen particularly high growth between 2020 and 2021. China’s state-owned enterprises, or SOEs, have also reportedly made significant progress in fully implementing the three-year plan to reform SOE of the State Council, which is to be completed before the 20th Party Congress in the fall of this year.
In 2021, the Aviation Industry Corporation of China – also known as AVIC – remained China’s top defence-related state-owned enterprise for the fourth consecutive year, according to an analysis by the International Institute of Defense. strategic studies.
Speak Top 100 Defense News lists, AVIC’s total revenue grew from $67.9 billion in 2020 to $80.4 billion in 2021, while its defense-related revenue grew 18% from $25.5 billion. dollars in 2020 to $30.2 billion.
In line with the requirements of the 14th Five-Year Plan as well as the requirements of the PLA Air Force and Navy, Chinese securities companies expect continued growth in defense-related and civilian businesses from AVIC. Thanks to this strong growth rate, AVIC has maintained its position as the world’s sixth largest defense company in the Top 100.
However, it was not the fastest growth rate among Chinese state-owned enterprises. Between 2020 and 2021, the defense-related revenues of China Electronics Technology Group (CETC) and China South Industries Group Corporation (CSGC) are estimated to have increased by 40% and 28%, respectively.
The increase in CETC revenue is due to the acquisition in June 2021 of telecommunications rival China Putian Information Industry Group, also known as Potevio, whose revenue in 2019 amounted to 116 billion yuan (17 billion of dollars). The acquisition means CETC’s total revenue in 2021 has reached $58 billion, of which IISS estimates $14.7 billion is for defence-related activities, moving the company from 15th to 11th place in this year’s Top 100.
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Potevio’s activities focus mainly on the commercial sector, although a major subsidiary, Eastern Communications, supplies telecommunications systems to the Chinese military. The acquisition is in line with the “independent innovation” goal of China’s 14th Five-Year Plan, which also includes a requirement for national defense entities to expand their collaborative efforts – both among themselves and with the commercial sector. – in order to strengthen national defence. industrial capacity and innovation.
CSGC’s estimated defense-related revenue increased by approximately 28%, from $10.7 billion in 2020 to $13.7 billion in 2021; from 2019 to 2020, it increased by 21%. Despite internal restructuring and streamlining reforms appearing to bolster performance over the past two years, CSGC revenues are still well below peak 2016 levels due to annual declines of 25% per year between 2017 and 2019. The company’s overall revenue growth in 2021 can be attributed to the growth of the automotive sector (including electric vehicle), the optics industry, and the electronics and energy industries.
For the second year, shipbuilding giant China State Shipbuilding Corporation Limited, or CSSC Group, released official figures following the merger of China Shipbuilding Industry Corporation and China State Shipbuilding Corporation in 2019. Following the global economic recovery in 2021, China’s shipbuilding industry maintained a global lead in 2021 in terms of volume of ships built, new shipbuilding orders and pending order volumes.
This satellite image shows the construction of China’s Type 003 aircraft carrier at Jiangnan Shipyard, northeast of Shanghai, China, May 31, 2022. (Maxar Technologies via AP)
Also in defense, Chinese shipbuilders have had an active year supplying the PLA Navy. In 2021, the PLAN commissioned eight guided-missile destroyers, two amphibious assault ships and one nuclear-powered ballistic missile submarine. Construction was underway on PLAN ships which were commissioned in July 2022, including two more Type 052D destroyers, three Type 055 destroyers, a Type 075 amphibious assault ship and the third aircraft carrier of the ‘APL – Fujian. The IISS estimates that the defense-related revenues of the CSSC group increased by 16% between 2020 and 2021.
Defense-related revenue for NORINCO – or China North Industries Group Corporation Limited – grew 16% from 2020, reaching $18 billion in 2021, nearly doubling the company’s annual growth over the previous three years . According to NORINCO’s annual work report, this reflects a “good start for the 14th Five-Year Plan”, with the company signaling the successful completion of delivery tasks for the PLA’s participation in international military competition and for civilian use. in the Beijing Science and Technology. Winter Olympics.
The company also continues to play a leading role in application development research and construction of the BeiDou satellite navigation system. Internationally, the activity report highlights the company’s activity “against the tide”, with the construction of major projects along the “Belt and Road” initiative, an economic and development program. Chinese investment.
The China Aerospace Science and Technology Corporation recorded defense-related revenue growth of 12% from 2020 to 2021, helping the company hold on to 18th place in the Top 100. During its annual work conference 2022the company highlighted the success of “building models of national defense weapons” as well as progress in space development with 48 launch missions and the first Mars exploration mission completed.
However, the company noted that the challenges of “the economic environment have increased significantly” while the task of corporate reform is “still arduous”.
For the China Aerospace Science and Industry Corporation, revenue growth was relatively subdued for the third consecutive year, at just 9% from 2020 to 2021, which dropped the company from 11th to 14th place in the Top 100. Nonetheless, the company has managed to maintain overall business revenue in recent years, despite supply chain challenges and significant exposure to commercial aviation, where performance is constrained by ongoing lockdowns related to the COVID-19.
In May 2022, Hao Peng, director of the state-owned enterprise reform leading group of the State Council Office and the council’s Public Assets Supervision and Administration Commission, announced that more than 90 percent of enterprises had completed almost all the necessary reforms according to the three-year public enterprise reform plan – 2020 to 2022.
Last year was apparently important for achieving this level of progress, as 70% of reform tasks were completed in 2021 at the central and local levels of state-owned enterprises. These reforms focus on improving governance structures and party leadership; improve efficiency and encourage market-based measures; create incentives for scientific and technological innovation; achieve technological advancements; lose weight and reduce risk; and improving capital oversight, among other objectives.
Although Chinese reports suggest that the full realization of these reforms is on track for the deadline of the 20th Party Congress, it is unclear to what extent they may have played a role in the revenue growth seen in all companies. defence-related public works in 2021.
Factors such as China’s broader economic backdrop after the COVID-19 outbreak, the country’s civilian industry and the PLA’s procurement in line with the 14th Five-Year Plan targets are likely explanations.
However, following the Chinese government’s adherence to its so-called dynamic zero COVID policy, a crisis in the real estate sector, a rural banking scandal and concerns over overseas debt repayments, the economic malaise of China so far in 2022 could paint a different picture for next year’s results.
Fenella McGerty is a research fellow in defense economics at the International Institute for Strategic Studies, where Meia Nouwens is a research fellow on Chinese defense policy and military modernization.
SMART Global Portfolios found using the ticker (GHS) now have 6 analysts covering the stock. Analyst consensus points to a buy rating. The range between the high target price and the low target price is between 45 and 22 with an average TP of 33.83. Given that the stock’s previous close was at 19.98, this now indicates that there is 69.3% upside potential. The 50-day moving average is 20.1 and the 200-day moving average is 25.62. The market cap of the company is $980 million. Company website: https://www.smartm.com
The potential market capitalization would be $1,659 million based on market consensus.
You can now share it on Stocktwits, just click on the logo below and add the ticker in the text to be seen.
SMART Global Holdings designs and manufactures specialized solutions for the computing, memory and LED markets in the United States, Brazil, China, Europe and internationally. It operates through Memory Solutions, Intelligent Platforms Solutions and LED Solutions segments. The company offers dynamic random access memory modules for desktops, laptops, servers and smartphones; embedded and removable flash memory products; and flash component products. It also provides supply chain services, including sourcing, logistics, inventory management, temporary warehousing, scheduling, kitting and packaging. Additionally, the company offers Penguin Computing solutions to customers in the financial services, energy, government, social media and education end markets; Penguin Edge solutions for government, telecom, healthcare, smart city, network edge, and industrial applications; and hardware and software products, including solutions based on the Open Compute Project. Additionally, it provides servers, software, integrated turnkey clusters, enterprise-grade storage, and networking in hardware or cloud-based solutions through Penguin-On-Demand; Open Compute Tundra Extreme Scale products; turnkey storage solutions; and rack-mounted servers and GPU-accelerated computing platforms. Additionally, the company’s LED solutions offer LEDs optimized for lighting, video displays and specialty lighting applications under the CreeLED brand. It sells its products directly to original equipment manufacturers, businesses, governments and other end customers through a direct sales force, e-commerce, customer service representatives, engineers on-site application, independent sales representatives, distributors, integrators and resellers. The company was formerly known as Saleen Holdings and changed its name to SMART Global Holdings in August 2014. SMART Global Holdings was founded in 1988 and is headquartered in Newark, California.
An association representing vacation rental owners in Southern Nevada is asking a judge to bar the state and Clark County from enforcing what it says are unconstitutional regulations imposed on the industry last month so-called “Airbnb”, and to declare state and local laws unconstitutional.
A state law passed in 2021 required the county, which had largely turned a blind eye to the 10,000 to 12,000 short-term rentals (STRs) operating illegally in its jurisdiction, to impose regulations.
The county, under an order that took effect last month, is set to license 2,850 units, a fraction of those currently in operation.
The county is expected to begin accepting applications for six months. After that, a lottery will determine which applications will continue. Properties within 1,000 feet of a licensed property will not qualify, as will properties within 2,500 feet of a casino.
The Greater Las Vegas Short-Term Rental Association argues that government interference in a previously unregulated industry is haphazard and will rob landlords of the revenue potential of their properties.
The lawsuit was filed this week by Hutchison and Steffen, the law firm founded by former Republican Lieutenant Governor Mark Hutchison.
Democratic Congresswoman Rochelle Nguyen, who has championed the state legislation, did not respond to a request for comment. Clark County declined to respond to ongoing litigation.
Opponents of STRs claim to have turned neighborhood houses into mini-hotels and exacerbated the area’s affordable housing crisis by raising prices and taking already scarce units off the market. Las Vegas is one of the most profitable markets for STR owners and a popular location for private and institutional investors.
The lawsuit says GLVSTRA, which has about 700 members, does not oppose the regulation or the fees and taxes that come with it. But he says the order exceeds “reasonable and permissible government regulation” under state and federal constitutions.
He alleges that the enforcement and enforcement provisions of the ordinance are arbitrary and capricious and violate the Due Process Clause of the Nevada Constitution, as well as the Amendments to the United States Constitution.
The ordinance requires applicants to submit a completed application just to be eligible for the lottery.
“Whether or not they get a license is up to luck,” the suit reads. “No qualifications. Not a timely application. Not a complete application. No compliance history. Not paying fees. These could be stellar, but an applicant could be randomly denied the opportunity to earn an income or use his own property.
He goes on to say that even those lucky enough to have their number drawn “would still be denied an application if, by any chance, a neighbor who lived within 1,000 feet of their home also received a license.”
The lawsuit says a 2,500-foot separation requirement between licensed properties and resort casinos is arbitrary, noting that this is more than double the 1,000-foot separation required between marijuana dispensaries. and resorts.
GLVSTRA alleges that the ordinance violates the taking clauses of state and federal constitutions because the regulation deprives owners of the economic benefits of their properties.
The new law, the suit says, also violates the privacy rights of occupants, whose outdoor activities could be monitored through required sound monitors at licensed properties, and by allowing regulators access to the properties.
“The total effect of these provisions is that Clark County – a government entity – will have unrestricted access to view all persons entering and exiting a home, what they do behind a fenced front or back yard, and, even more blatantly, can enter. home without cause or notice…,” the suit reads.
Similar lawsuits are unfolding across the country, particularly in tourist spots, as communities grapple with the debate over the right to house visitors in homes.
Last month, a Hawaiian association of STR owners filed a lawsuit to block a law restricting new vacation rentals on the island of Oahu.
Austin, Texas, which changed its ordinance in 2016 to grow into some 17,000 existing STRs, defied court orders to issue more permits.
Postcards from America’s Great Labor Shortage: A couple arrives at Seattle airport after a five-hour flight and waits in line at the rental car counter. People are angry. In the office sits a harassed employee explaining that he simply has no car to rent. Nothing. Why? There are not enough employees to vacuum, wash, fuel and treat the cars.
Another snapshot. A couple has been driving for several hours and needs a restroom stop. They walk into a Burger King. The doors are locked. The only service is at the drive. Why? Lack of employees.
Have you stayed in a hotel recently? Housekeeping and room service are sparse. If hotels offer these services, they are only available on request. About 25% of restaurant and hotel employees are immigrants. What could be going on here?
Politico reports that hospitals in 40 states have reported critical staff shortages — orderlies and janitors, yes, but also nurses, doctors and medical technicians. One in five nurses and one in four nursing assistants were born abroad. Twenty-eight percent of physicians are immigrants.
That dining room set you’ve been waiting for to get delivered? A shortage of port workers and truckers slows everything down. No more airline delays. Fewer varieties of food in supermarkets. Shortages of wood, cars and consumer electronics.
And, as you may have noticed, everything is much more expensive.
The reasons for this are multifactorial. Falling demand for cars during the pandemic, for example, prompted the industry to slow production. It takes time to come back up. The inflation we are experiencing is partly the result of the government pumping too much money into people’s accounts, compounded by COVID-induced supply chain shocks and disruptions caused by the invasion of Ukraine by Russia.
But the one factor we discuss too little of is immigration – or rather, we emphasize the wrong aspect. Republicans are obsessed with the southern border and the dreaded waves of people (or sometimes “caravans”) trying to enter. But we’ve had people crowding the Mexican border for a long time. What we haven’t seen in many decades is a serious drop in the number of legal immigrants — a drop that’s a big factor in everything Americans don’t like about the way things are going. are happening right now. If an immigration advocate had wanted to concoct a scenario to show Americans how much their lives would be diminished with fewer immigrants, they could not have devised a better scheme than the combination of the Trump administration and the pandemic.
Trump began his push on immigrants in 2017 with a ban on immigration from seven Muslim-majority countries and followed with drastic reductions in the number of green cards issued, the number of refugees admitted (a shameful political choice) and the number of legal immigrants. treaty. A Government Accountability Office review found that the Citizenship and Immigration Service had increased its processing time for immigration applications sixfold between 2015 and 2020. Trump officials threw sand in the gears. They increased the fees for naturalization applications from $620 to $1,160 and added onerous and burdensome requirements. A 2019 rule, for example, required immigrants to refile forms if they left a blank, even if the question did not apply to them. The interviews were blocked and they deprived the agencies concerned of funding.
Where is the outrage that we are turning away highly skilled immigrants who could make a difference in our competition with China? Wouldn’t an “America First” policy capitalize on our desirability as a destination for talent instead of slamming our doors? Wouldn’t we welcome those who will create the key technologies of the future, such as artificial intelligence?
Before Trump, Republicans used to point out that they were all for legal immigration but only opposed the illegal variety, but that has all changed now. In fact, as Alex Nowrasteh of the CATO Institute argues, Trump failed to budge the number of illegal immigrants in the United States, but drastically decreased the number of legal immigrants. Senator Tom Cotton and other Republicans have now declared themselves in favor of less legal immigration. By some estimates, if the immigration rate had remained unchanged during Trump’s tenure, we would now have nearly 2 million more prime-age workers.
These workers would drive trucks, administer IVs in hospitals, clean hotel rooms, pick vegetables and design software. They would start businesses (immigrants are 80% more likely to do this than the native-born), pay taxes and care for the elderly. And, by the way, they would help to lower the general price level.
But Trump has twisted the Republican Party into a narrow-minded, xenophobic cult that mistakenly sees immigrants as a drain instead of a boon.
So the question Republicans need to answer today is: How do you like this immigrant-starved America? Do you like shortages, inflation and bad service? Because that’s what comes from nativism.
Mona Charen is the editor of The Bulwark and host of the “Beg to Differ” podcast. Her most recent book is “Sex Matters: How Modern Feminism Lost Touch with Science, Love, and Common Sense”.
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The late Supreme Court Justice Ruth Bader Ginsburg once said, “Women belong wherever decisions are made. Women should not be the exception. Yet in financial services, women in leadership positions have unfortunately been the exception. And while progress has been made, statistics show that women in leadership positions in banking and finance remain below par. Last year, Deloitte published a study showing a modest increase in female leadership roles from 22% in 2019 to 24% in 2021. However, the same report revealed that the percentage is only expected to rise to 28% by 2030. .
Despite slow-growing seeds of change, female financial entrepreneurs are doing their part to disrupt the stagnation. In the Grand Canyon State, women in banking, credit unions and other financial institutions are evaluating next steps and taking action to make way for new generations of women leaders.
While women in leadership positions in financial services lag behind the average, the entry-level gains held by women are found to be more gradual. According to a 2021 McKinsey publication, women in entry-level financial services jobs made up 52% of the sector’s workforce. But, as the report mentions, “their representation drops at every stage of the companies’ pipeline.”
Lack of leadership in the upper ranks
“Whenever a woman stands up for herself, she stands up for all women.” —Maya Angelou
The realization that women lose their place as they move up the food chain raises an important question: why? A recent Forbes article suggests that factors such as a lack of flexibility, commission pressures and significant time commitments may partly explain why women are underrepresented in leadership roles within the financial services industry. .
Kelli Tonkin, Senior Vice President of Enterprise Bank & Trust, is one of Az Business Magazine’s Most Influential Women of 2022.
“There could be so many variables,” says Kelli Tonkin, senior vice president at Corporate banking and trust and one of Az Business Magazine’s Most Influential Women of 2022. “I don’t know if the pandemic has slowed down [the rate of progress in female leadership] with working mothers who needed to take a step back from their careers to be with their children who were homeschooled.
Numerous studies and surveys confirm the Tonkin hypothesis. According to an article published by Institutional Investor in 2021, almost a third of women in the financial services sector left their jobs temporarily or permanently during the pandemic. And, due to the need to care for children at home or other pandemic-related demands requiring changes to work-life balance, 59% of women surveyed in leadership and senior positions management said the pandemic had hurt their careers.
But balancing family and private life is something that many female leaders in finance and banking have had to grapple with.
“When you’re interviewed by a male leader who knows you have a family, does that play into the decision-making process?” Tonkin speculates. “One of the questions I always get asked when I show interest in a leadership role: Are you comfortable with travel?”
Along with work-life balance, there are other hurdles that stand in the way of women leaders advancing in the financial space.
“Honestly, I think companies have spent a lot of resources and time trying to bring diversity into the workforce, but it’s not enough to hire women at the same rate you hire men. “, says Adaliz Gimenez, vice president and commercial banker. at Bell Bank. “Companies need to understand that change has to come from the top. It is a question of fairness and equality, and no longer a question of numbers. If a company is always focused on the numbers, it is falling behind. »
Adds Kim Dees, senior vice president and director of the Southern Arizona division for WaFd, “[Companies] need – I don’t mean a level playing field, but if you have a group of colleagues who are definitely qualified for this position – look beyond that and look at their own structure at the top of their company and see who would be the most suitable candidate. And I think companies should see this as an opportunity for women to advance. »
Diversity, Equity and Inclusion (DEI) Assessment
“Justice is making sure that being polite isn’t the same as being quiet. In fact, often times the fairest thing you can do is shake the table.” — Alexandria Ocasio-Cortez
In an effort to rectify the imbalance in women’s representation in leadership, many banks and credit unions are evaluating and implementing various strategies and programs designed to encourage more women to lead.
Adaliz Gimenez, vice president and commercial banker at Bell Bank, is one of Az Business magazine’s most influential former women.
“One of the ways OneAZ has successfully developed leaders is through our Leadership Engagement Acceleration Program (LEAP) for associates,” says Tanasha Lawcock, OneAZ Credit Unionis DEI&B’s business partner.
Lawcock goes on to explain that the two-year training program focuses on aspects of leadership such as project management and understanding different types of biases to help prepare associates seeking leadership roles. “I am proud to say that women are participating in this program at a very high rate. In fact, in our current LEAP class, just over two-thirds of the participants are women,” she says.
Along with companies establishing leadership training strategies and programs, DEI-focused groups, departments, and initiatives are increasingly imperative to building the presence of not only women leaders, but also women of color in leadership.
The previously mentioned McKinsey study shows that the representation of women of color declines sharply as one moves up the corporate ladder, dropping 80% from entry level to C-suite.
“I was blown away by that number,” says Gimenez, one of Az Business magazine’s Most Influential Women of 2020. “I knew there was a disparity. It’s very obvious, but 80% – it’s awful. Unfortunately, it starts with equal access to education. Why? It’s because, from an early age, we need to make sure that we provide exactly the same opportunities for our women to color, that we tell them how amazing they are, that we stop telling them, ‘You have to tone it down.’”
Gimenez reveals that she’s been told in the past that she’s too loud, needs to “lower her voice” and even “blend in.” “I’m a proud, loud Latina. And you know what? No, I’m not going to lower my voice, because that’s what makes me. That’s what makes me special, different,” she shares.
Gimenez observes that these calls “usually come from a place of fear, fear of the unknown, fear of what’s different.” But she points out that “those differences are what make us who we are and how great we can be.”
“As a woman of color,” says Lawcock, “I always hope to see more people of color, especially women in leadership roles, so that our voices can help make rich and meaningful contributions within our respective organizations and communities.”
In her role as DEI&B Business Partner, Lawcock says she works daily to reflect OneAZ’s commitment to being a leader in the banking industry by promoting fairness and equal representation at all levels of the organization. “I come to work every day with the desire to help create an environment where our associates feel a sense of belonging, which means they feel safe to focus fully on their work every day,” she says. .
Train future women leaders
“There is no limit to what we as women can achieve.” – michelle obama
Beyond recognizing what DEI measures are needed and how to incorporate them, mentoring – formal or informal – has been integral to encouraging women in finance to pursue their careers.
Tanasha Lawcock is OneAZ Credit Union’s DEI&B Business Partner.
“I think we have to have both [formal and informal mentoring] because they each bring a different component,” says Dees, one of Az Business magazine’s 2020 Most Influential Women. I also think it could be on the shoulders of us women in leadership positions to bring another element of that to mentoring women.
Giminez agrees with Dees, adding that while formal mentorship programs demonstrate the company’s interest and commitment to nurturing new generations of female finance experts, they can also be limiting. “They’re great,” she said. “But sometimes they are a little energetic. The company tells you who your mentor is, and that doesn’t necessarily equate to how you feel as a mentee or mentor for what you should be doing, or exactly what you need.
“And I think another really important thing is that mentoring is not – and can’t be – handing out something like, ‘Oh, I’m going to help this person. I’m going to give them opportunities. No, the mentoring is really recognizing that this person already has what it takes,” continues Giminez.
Lawcock adds, “To be effective, mentoring should not be intimidating. A more informal process removes barriers, allowing mentor and mentee to build trust with each other. Through trust, we can develop deeper connections with each other, which opens us up to growth and betterment.
One thing all of the women interviewed for this story agree on is that while progress has been made in terms of getting women into leadership positions, it hasn’t been quick, easy, or as gradual as they hoped so. Yet they are cautiously optimistic and welcome continued change.
“25 years ago I started with Lafayette Bank as a teller,” says Dees, “and today I’m a district manager managing 11 branches in southern Arizona. I was fortunate to work in a culture that allowed me to be recognized for my ideas and my contributions.
Tonkin adds: “I started in banking, so I don’t know anything else. I saw some improvement over two decades, but not impactful improvement. We are certainly the minority in leadership.
Giminez ends with this notion of affirmation: “I think as women, we become more assertive when we look for opportunities. We don’t wait for these opportunities to knock on our doors. We are more aware that we have what it takes. What we bring to the table, our skills, our experiences, they’re huge, they’re great, and they make businesses better. »
Enterprise software stocks have been under siege lately. But depressed valuations are attracting bargain-minded private equity buyers. Wednesday,
Ping identity ,
which sells identity security software, announced a deal to be acquired by Thoma Bravo for $28.50 per share, or $2.8 billion. Ping went public at $15 a share in September 2019 and sold for a staggering 63% premium to Tuesday’s closing price.
Thoma Bravo has been a busy buyer. In June, the company bought Anaplan for $10.4 billion in cash; in May, it paid $2.6 billion for payments technology company Bottomline Technologies; and in April he agreed to buy
SailPoint Technologies ,
which also sells identity software, for $6.9 billion. BTIG Holdings analyst Gray Powell notes that Thoma Bravo is paying about 6.5 times projected 2023 sales.
Okta ,
a Ping rival, trades 6.8 times, while
ForgeRock ,
another pair, for 5.8. The SailPoint deal, Powell adds, was priced at just over 10 times 2023 sales.
Powell says Ping’s term-licensing business model “has consistently created earnings confusion and carries a higher degree of title risk,” leading him to believe that no other bidders will emerge. Raymond James analyst Adam Tindle sees synergies between Ping’s pending SailPoint deal and Thoma Bravo.
The Ping deal had side effects: Okta, a struggling pandemic darling, rose 7.8% to $105.52, while ForgeRock, which went public in 2021 at $25 per share, surged 8.8% to $23.65. On Friday, Ping shares were trading just below the trade price at $27.92. Okta is still down 53% for the year and ForgeRock is down 11%.
Stocks faltered on tensions in Taiwan, fell after Federal Reserve officials reiterated hawkish sentiments, then rose on earnings. New unemployment claims came in at 260,000, as expected; new jobs soared to 528,000. On weekdays, the
Dow Jones Industrial Average
was down 0.13% at 32,803.47; the
S&P500
edged up 0.36% to 4145.19; and the
Nasdaq Compound
rose 2.15% to 12,657.55.
The pace of gains
At the start of a busy results week,
Goldman Sachs
said 52% of companies beat, above expectations but below the past five quarters.
Devon Energy
led the shale energy crowd with skyrocketing profits and revenues. Big Oil
BP
posted its best profits in 14 years.
KKR
took a loss, blaming market volatility.
Robinhood Markets
lost $295 million and reduced its workforce by 23%, and
Airbnb
lack.
Starbucks
and
SVC Health
to beat,
UberTechnologies
announced its first positive quarterly cash flow, and
Modern
and
PayPal
beat and stocks rallied.
Pelosi in Taiwan
House Speaker Nancy Pelosi and a delegation of lawmakers traveled to Taiwan, despite growing tensions over the trip between the United States and China. After Pelosi left Taipei, China began live-fire exercises off the coast, boycotted some Taiwanese products and halted military and climate talks. Separately, a US drone strike killed al-Qaida leader Ayman al-Zawahiri, 71, on a balcony in Kabul, Afghanistan.
Senate in action
The Senate passed a bill it had rejected a week earlier providing funds for Afghan veterans exposed to the burning stoves. Democrats dropped a curb on interest in the tax and climate bill to win the support of Arizona Sen. Kyrsten Sinema. And Kansas voters defeated a referendum to ban abortion in the state.
Take out the grain
A ship carrying 26,000 tons of corn has left Odessa for Lebanon, the first of a deal with Russia on grain shipments. Ukraine continued its counteroffensive against Kherson as Russia continued to prepare to annex the region. A Russian court sentenced WNBA star Brittney Griner to nine years for drug trafficking.
Annals of Deal Making
The Justice Department tried to block two deals in separate trials in the same Washington, D.C. courthouse: Bertelesmann’s $2.2 billion Penguin Random House merger and
World Paramount it is
Simon & Schuster, and
UnitedHealth Group it is
$8 billion contract for
Changing healthcare
…Global Payments said it would acquire
EVO Payments
for an enterprise value of $4 billion…
Toronto-Dominion Bank
agreed to acquire an investment bank
cowen
for $1 billion… The Wall Street Journal reports that the cosmetics giant
Estee Lauder
was in talks to buy the luxury brand Tom Ford… A
Global Apollo Management
-the led group agreed to buy air cargo company Atlas Air Worldwide for $3.2 billion…Thoma Bravo said he was taking
The research report “Global Room Rental Platforms Market” exhibits major insights on the current growth momentum alongside major revenue-generating elements available in the Room Rental Platforms industry along with various other factors over the course of the planned period 2022-2029. The Room Rental Platforms Market report focuses on a series of parameters including best manufacturing strategies, industry share, key opportunities, industry channel, profit margin, etc. The research study on the global Room Rental Platforms Market is likely to exhibit vital development in the distinct regions including US, Europe, Asia-Pacific, and China.
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Buildium Bedroom AppFolio Hemlane actual page Total management group HousingAnywhere Rentberry spotahome Nestpick Single-seaters Airbnb Ziru Boyu Lianjia Duban Guanyu List of apartments Truly Zillow
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Hotel Apartment Civilian accommodation
Global Room Rental Platform Market Separated by Application:
Long term lease short term lease
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Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by a long list of publishers around the world. We offer reports on virtually every domain and an extensive list of subdomains under the sun. In-depth market analysis by some of the most experienced analysts provides our diverse range of clients across all industries with essential decision-making insights to plan and align their market strategies with current market trends.
Covid-19 has brought many negative changes to our world, but some would say there have also been some upsides: a slower pace of life and the ability to work from home. Often, the latter also means less time to contend with rush hour traffic.
There’s also another potential benefit: you could save money on your auto, home and contents insurance. Specifically, we’ll explore how to save on your car insurance premiums in Singapore if you don’t come to the office every day of the week.
If you’re working remotely, that means your car is spending a lot more time in your multi-storey parking lot than on the freeway. But unless you tell your auto insurer it’s going to stay that way, you might actually be paying too much for coverage.
Factors that influence car insurance premium
Occupation
Interestingly, even your job can affect the cost of your car insurance premium. Although different insurers may have different ways of calculating premiums, people with “outdoor” jobs tend to be charged a bit more than people with office jobs.
Some insurers can be even more specific. For example, they might charge more to insure a salesperson who might spend a lot of time traveling to different customers than they would charge a housewife or an accountant who sits in his office all day.
No Claim Discount (NCD)
A claim-free discount, or NCD, is a discount on your car insurance premium that you can earn for consecutive years of safe driving. Generally, for each year you drive without making a claim, you get a 10% discount when you renew your insurance policy – up to a cap of 50%.
This means that after five years claim-free, you essentially cut your premiums in half. Obviously, driving safely has huge benefits.
Some car insurance policies offer the option of adding an NCD Protector feature, which protects your NCD from being dropped when you make a claim. The NCD Protector usually costs an additional 10% on your premium. Note that in most cases you can transfer your NCD if you buy a new car or change insurance companies.
age and sex
Unfortunately, age and gender are two factors over which you have no control. Drivers in their 20s tend to pay the most for car insurance in Singapore, compared to drivers in their 40s.
However, don’t take it personally – insurers charge different premiums after analyzing their claims data and determining which age groups tend to have the most accidents and file the most claims. Hence, they charge higher premiums accordingly.
Car insurance premiums can also vary depending on your gender. Insurance companies in Singapore generally charge higher premiums for men than for women. Unfortunately, the data indicates that men are much more likely to have an accident than women.
READ ALSO: Does having an electric vehicle affect your car insurance?
How does working from home (WFH) affect your car premiums?
If you now work from home, you will certainly find yourself using the car much less than before Covid-19.
So you might want to talk to your agent or insurance company to take advantage of a better deal on your car insurance premiums. The best way may be to call them directly and let them know your situation has changed. Since your risk is lower, you may be able to renegotiate your premium.
Insurance based on mileage and usage
Another way is to call your insurance to request a switch to a mileage or usage-based insurance plan. But what is it ?
Usage-based insurance tracks a driver’s telematics using a wireless device installed in the car. The device then collects information and transmits the data to the insurer. An app can also be used instead to collect the data.
Some of the data collected includes acceleration, hard braking, and cornering, as well as the time of day the ride was taken.
What about mileage-based insurance? As the name suggests, mileage-based insurance is a type of insurance that charges customers based on the number of miles driven. This type of insurance can be beneficial for people who don’t drive very often, as they save money on their premiums.
Pay per kilometer uses a base rate plus a monthly mileage rate to determine your car insurance premium. The premium will change as your mileage changes. Drivers with more mileage generally pay a higher insurance premium.
However, note that not all car insurance companies offer plans based on mileage or usage. For the most accurate information, it is best to contact your insurance company.
Off-peak license plate
If you only drive for fun and don’t need your car to get to work, you can save big on your premiums by signing up for an off-peak license plate, up to 25% off. mean ! Off-peak drivers can also receive rebates of up to $17,000 and $500 annual road tax reduction.
Off-peak drivers who identify themselves by wearing red license plates on their vehicles are subject to strict constraints on the extent of their driving. Restricted hours are 7 a.m. to 7 p.m. on weekdays, unless they obtain a special electronic day license (e-Day license).
This means that drivers are not restricted to driving on weekends and religious or public holidays.
Car subscription
Maybe the best way is to save money driving a car, but without incurring the expenses of car ownership like insurance, road tax and warranty, it’s subscriptions automobiles. Unlike traditional car rental methods, car subscriptions allow Singaporeans to rent a car on a month-to-month basis, without a fixed-term contract that binds the buyer to a rental car for a year or more.
With COE prices reaching six figures in Singapore, it’s no wonder many Singaporeans are turning to this alternative instead.
For a detailed breakdown of the exact costs of subscribing and owning a car, you can check out our helpful comparison guide here.
ALSO READ: Car insurance in Singapore: everything you need to know to get the cheapest rate (2022)
Conclusion
Working from home certainly offers many advantages. Most people wouldn’t remember that they might have been paying too much for car insurance because they weren’t using their cars as much before Covid-19.
Even if you don’t plan to switch to car rental or apply for an off-peak license plate anytime soon, comparing the cheapest car insurance in Singapore is still very important to keep costs down. Lucky for you, we’ve compiled a list of car insurance policies and their prices for your convenience.
This article was first published in ValueChampion.
On Saturday, the Yolo County Children’s Alliance organized its seventh back-to-school backpack and school supplies for K-12 students in West Sacramento.
This community-supported event provided more than 1,100 K-12 students with backpacks, school supplies, snacks, health resources and more as families prepare for the coming school year.
Additionally, 23 adults and children were able to receive a COVID-19 vaccine at the event.
“Many families supported through this event continue to be impacted by the pandemic, global and national uncertainty, and economic inflation,” YCCA noted in a press release.
“They are navigating between the high cost of living, the traumas of the pandemic and various community stressors. This year’s backpack giveaway event was meant to celebrate the diversity and resilience of our community, as well as provide families with needed resources and school supplies for their children.
One such recipient, who recently arrived in West Sacramento from Afghanistan, said, “This event helps a lot of families, especially mine.
“We’re trying to adjust to the new chapter in our lives, and that helps us on our journey. Plus, it helps our kids start their school with the right supplies, which motivates them to learn.”
This community-supported event provided more than 1,100 students with school supplies. Courtesy picture
The backpack donation took place at the Family Resource Center in West Sacramento. Other vendors available include the Yolo County Health & Human Services Agency and Move It Up, who provided vaccines, as well as Out of the Box Ministries, West Sacramento Police and Fire Departments, West Sacramento Parks and Recreation, Free Books for Kids, and Yolo County Car Seats.
“This past year has been traumatic and uncertain for families as they navigate the new normal with COVID-19 surges and economic stressors. Our backpack giveaway is a way for YCCA to offset some of these stressors by bringing the community together for a fun celebration with resources and tangible items like school supplies and food bags,” said Jeneba Lahai, Executive Director of the Yolo County Children’s Alliance. to strengthen our community by building resilience in youth, adults and families, and we do this by celebrating our community, collaborating with partners and building networks of support.
This event was entirely funded by community donations and partner support. A week earlier, West Sacramento Mayor Pro Tem Quirina Orozco and the organization, West Sac Kids Give Back, held a school supply drive to directly benefit the event.
On Saturday, the Yolo County Children’s Alliance distributed backpacks full of school supplies to K-12 students in West Sacramento. Courtesy picture
Other partners include League of Heroes Inspired, Yolo County Office of Education, Washington Unified School District, City of West Sacramento, Yolo County, Move It Up by UC Davis, Stanford Sierra Youth & Families, Walmart Foundation, Kaiser Permanente, Sutter Health, Teichert Foundation, Waste Management, Yolo Federal Credit Union, Travis Credit Union, Yolo Food Bank, First Northern Bank and First 5 Yolo.
For more information about the Yolo County Children’s Alliance, visit www.YoloKids.org. For Yolo County residents who still need a backpack, call 916-572-0560.
— Contact Anne Ternus-Bellamy at [email protected] Follow her on Twitter at @ATernusBellamy.
Commonwealth Equity Services LLC increased its stake in Enterprise Bancorp, Inc. (NASDAQ: EBTC – Get Rating) by 95.8% during the first quarter, HoldingsChannel.com reports. The fund held 143,246 shares in the savings and loan company after buying an additional 70,099 shares during the period. Commonwealth Equity Services LLC’s holdings in Enterprise Bancorp were worth $5,747,000 at the end of the most recent period.
A number of other hedge funds also changed their holdings of EBTC. Assenagon Asset Management SA acquired a new position in shares of Enterprise Bancorp in the 4th quarter with a value of $936,000. Monarch Partners Asset Management LLC increased its holdings of Enterprise Bancorp stock by 246.0% during the fourth quarter. Monarch Partners Asset Management LLC now owns 62,508 shares of the savings and loan company valued at $2,808,000 after buying an additional 44,442 shares last quarter. Advisor Group Holdings Inc. increased its holdings of Enterprise Bancorp shares by 130.1% during the fourth quarter. Advisor Group Holdings Inc. now owns 3,553 shares of the savings and loan company valued at $159,000 after buying 2,009 additional shares last quarter. BHZ Capital Management LP increased its holdings of Enterprise Bancorp shares by 1.5% in the fourth quarter. BHZ Capital Management LP now owns 61,884 shares of the savings and loan company valued at $2,780,000 after buying an additional 942 shares last quarter. Finally, First Trust Advisors LP bought a new position in shares of Enterprise Bancorp during the fourth quarter at a value of $251,000. 25.52% of the shares are currently held by institutional investors and hedge funds.
Performance of Enterprise Bancorp shares
NASDAQ EBTC shares opened at $32.40 on Thursday. The company’s 50-day moving average price is $32.14 and its two-hundred-day moving average price is $36.10. The company has a debt ratio of 0.20, a current ratio of 0.83 and a quick ratio of 0.83. Enterprise Bancorp, Inc. has a one-year low of $29.58 and a one-year high of $46.48. The company has a market capitalization of $392.17 million, a P/E ratio of 10.03 and a beta of 0.53.
Enterprise Bancorp announces dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1. Shareholders of record on Thursday, August 11 will receive a dividend of $0.205. The ex-date of this dividend is Wednesday, August 10. This represents a dividend of $0.82 on an annualized basis and a yield of 2.53%. Enterprise Bancorp’s dividend payout ratio (DPR) is currently 25.39%.
Analysts set new price targets
Separately, StockNews.com downgraded Enterprise Bancorp from a “buy” rating to a “hold” rating in a Thursday, May 26 report.
Enterprise Bancorp Company Profile
(Get a rating)
Enterprise Bancorp, Inc operates as a holding company of Enterprise Bank and Trust Company which provides commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited transaction savings and money market accounts, commercial swipe products and term deposit certificates.
See also
Want to see which other hedge funds hold EBTC? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Enterprise Bancorp, Inc. (NASDAQ:EBTC – Get Rating).
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Australia’s inflation rate hit a 20-year high of 6.1% in the June quarter
Inflation rate will skyrocket construction costs, tighten rental market and set the stage for further rate hikes, says Pete Wargent
The news spells trouble for construction companies, and more are expected to enter administration
Headlines revealed last week that inflation had hit a staggering 6.1%, the highest in more than 20 years.
While this may seem symbolic to those who have experienced the sharp rises and falls since the Korean War boom 70 years ago, it is more than 3% above the RBA’s official inflation target. 2 to 3%, introduced in 1993.
These high levels of inflation have already caused problems for Australia’s property sector, forcing several construction companies into administration.
It looks like the inflation-induced tension in the market isn’t over yet, with top buyers’ agent Pete Wargent warning of three critical impacts on the housing market.
Mr Wargent, co-founder of BuyersBuyers, says rising construction costs, a tight rental market and future interest rate hikes are all major concerns for the industry.
1. Skyrocketing construction costs
Construction costs are up 10% in the past 12 months to June 2022, according to Corelogic’s Cordell Construction Cost Index (CCI).
“First, we can see that the costs of renovations and building a new home have skyrocketed due to the relaunch of HomeBuilder, very high demand for trades and materials, and shortages of supply,” Wargent said.
“The latest inflation figures have confirmed that the producer price indices for the housing construction sector are going to be very ugly.”
Pete Wargent, BuyersBuyers
Pete Wargent, BuyersBuyers. Image – LinkedIn.
In addition to the impact rising construction costs will have on new home builds, Wargent believes the problem could drive more businesses into insolvency.
“The cost of building a new home has increased by 20-30% in many cases, and we expect an increase in insolvencies in the construction sector, with many projects now shelved or abandoned.
“This has implications for an insufficient supply of housing as immigration increases over the next 12 months,” Wargent added.
2. Tight rental market
The second big area of concern for the sector is the rental market, with rental price inflation starting to show up in the numbers.
“Official inflation figures measure actual market rents, rather than asking rents – which have skyrocketed over the past year – and so there is a lag in the official data,” Wargent explained.
Mr Wargent expects inflation to rise further as electricity and energy costs currently rise, and said Australia’s headline inflation rate is unlikely to peak until the last quarter of this year.
CPI rents
Source: ABS, collated by BuyersBuyers
“The ABS numbers still have Sydney and Melbourne in negative territory over the year, so there is some catching up to do for this index to reflect what is happening in real time with rental demand for newly signed leases.
“To some extent, the ABS figures reflect the low Central Business District rents, with many tenants choosing to move to the suburbs or the region during the pandemic,” Wargent said.
He added that high immigration rates as visas are processed over the coming year will see rental rates continue on a solid trajectory through 2023.
3. The next rate hikes
According to BuyersBuyers CEO Doron Peleg, the latest note of concern is the inevitability of further rate hikes threatening borrowers in the final half of 2022.
Peleg said with inflation still high, financial markets are bracing for further interest rate tightening.
“The good news for borrowers is that markets weren’t spooked by the June inflation numbers, and in fact bond yields are back to their lowest levels since May, suggesting that the numbers maybe weren’t as hot as expected.”
Australia – Bond Yields
Source: BuyersBuyers
“Indeed, markets are pricing in lower interest rates next year, which reflects our view that home buyers have a 6-9 month buying window with less competition to close. a bargain before the market picks up again next year.
“In our view, there is a tremendous opportunity to bargain hard in the second half of 2022 and buy a well-located property at a discount,” Mr. Peleg concluded.
Picture this: you’re on your dream honeymoon in the middle of the Pacific Ocean, bathing in surreal turquoise water, sipping pineapple and passion fruit cocktails, and indulging in couples lomi lomi massages. But, after a few days of relaxation and ultimate pampering, you take an hour or two to put on gloves and pick up litter on the beach. Or, you set off on an exciting ATV or helicopter tour that ends with the planting of a native seedling as part of a reforestation effort. Or maybe you and your new spouse mingle with some locals while clearing invasive algae from a shoreline, help clean up a royal fish pond, or attach coral fragments to a nursery to help propagate a new reef. .
These are just a few of the super simple and endlessly enjoyable ways to give back to the earth and the community during the most romantic trip of your life. Doing a little good in no way diminishes the glamor or excitement. In fact, being exposed to new activities, learning a bit, and meeting new people can actually lead to not just more fun, but an even more rewarding and memorable experience in paradise. Additionally, engaging on an equal footing with the people who live in a place, beyond the hotel staff who are there to serve you, can help you gain perspective and appreciation. Then there are the tips you might glean on local restaurants and secret places to visit. Here, a few handfuls of ways to work in a small voluntary action around your tropical honeymoon.
Hawaii
The Hawaiian Islands are a mecca for heavenly honeymoons laced with feel-good elements. In many cases, couples participating in a community project or volunteer organization will receive special perks, discounts, or even free nights at their hotel or resort. It is thanks to a compelling and inspiring initiative called malama hawaii, which means “taking care of Hawaii” in Hawaiian. The term is usually used alongside the word ainameaning “earth”, or kupuna, meaning “elders”. It is a concept rooted in responsibility, or kuleanato be Hawaiian or to live in the islands.
For visitors, participating in these efforts goes a long way to showing respect, and you’ll likely get it back too. There are dozens of ways to malama across the islands, and many can be found on line. (Note that in some cases, COVID has temporarily altered volunteer schedules.) But the beautiful island of Hawaii—full of varied landscapes and very few cars—is a great place to start if you’re looking for an over-the-top adventure, a breathtaking beauty, and a meaningful connection. There, plant lovers should head to Waikoloa Dry Forest Initiative (the fortnightly Saturday volunteer days end with a potluck!), an organization that has had an impressive impact in restoring endangered lowland dry forest and native flora like wiliwili. Do meaningful work sorting seeds, removing native species, or planting shrubbery while learning traditional Hawaiian stories and mythology of these plants. (Fairmont Orchid offers the fourth night free for those who participate.)
Take a magnificent tour of Hualālai Crater above the clouds with Uluha’o or Hualalai is a special opportunity that isn’t actually volunteering, but is about saying thank you for deep immersion in a very sacred place by planting a baby koa on the mountain. Some resorts have packages or opportunities for couples who want to get involved, like Mauna Kea Beach Hotelwhich offers a fifth night free to those who clean up the beach themselves using a provided DIY kit. (Prince Waikiki on Oahu is offering the fourth night free for this effort, a partnership with Sustainable Coastlines Hawaii.) Get there early to beat the heat and you might just be able to join the sunrise chant E Ala E. Mauna Lani, Inn Resorts CollectionMālama Honu, from , is a program to raise awareness of endangered sea turtles and care for hatchlings who, around the age of three, are released on Turtle Independence Day (aka July 4 ) in an evocative ceremony well worth the pilgrimage.
On Oahu, Hawaiian Heritage Reforestation Initiative is one of the efforts you’ll hear the most about, as the organization brings together locals and travelers to help reforest 500 acres of land in Gunstock Ranch with native species like milo and kou trees. A ceremonial planting wraps up some ATV or horseback tours of the sprawling and spectacular ranch, and the energy is so special there have been proposals along the way. ‘Alohilani Resort Waikiki Beachfor its part, offers the fifth night free, plus a $200 F&B credit (use some of it on their sustainable Earth to Cup happy hour menu) and a day car rental for those who make the scenic drive up. ‘to the north coast for a plantation, which also means you can follow your love tree long after you’ve left the island.
Of course, you don’t have to let any hotel perk direct your energy or activities. Ocean enthusiasts – and anyone who doesn’t want to miss a day at the beach – can join a community hukior volunteer event, with Malama Maunalua, for example, and discover and eliminate the exotic seaweed that clogs scenic Maunalua Bay. Also consider who your dollars are supporting: people of color Kaimana Beach Hotelfor example, fresh out of a highly Instagrammable renovation, is one of the few local hotels in the area.
On other islands like Kauai, Timbers Kauai to Hokuala partners with Sustainable Coastlines for periodic beach cleanups that guests of five-star resorts can participate in. Couples can also help harvest or pack seasonal produce from the 450-acre property with Farmer Cody to donate to the Kauai Food Bank. maui Ko’a Kea Hotel & Resort on Po’ipu Beach offers a mālama package that includes a volunteer beach cleanup activity and your fourth night free, while many island resorts including Hana Maui Resortwhich also includes a daily breakfast for two, offer a free night to volunteer with the Pacific Whale Foundation to pick up litter at any Maui beach. Some opportunities are a little more offbeat, like Wailea Beach Resortthe promise of a fifth night free for guests who make an appliqué and sew it on a quilt to donate to kupuna (elders).
Remember, none of this means you can’t treat yourself yet. Feast on the freshest, most mouth-watering seafood at Mauna Lani’s CanoeHouse and discuss history with resident cultural keeper Uncle Danny. Rent a longboard and hit the constant waves in Waikiki. Get a heavenly Huki Huki mud wrap, scalp massage and lomi lomi massage at The Ritz-Carlton Residences, Waikiki Beachthe spa. Walk on the rolling lava of Hawai’i Volcanoes National Park. Climb aboard a helicopter to admire the surreal coastline of Nā Pali. Head out after dark to sip a craft cocktail White sands hotelis a hidden bar. Relaxing on the beach. Balance is a beautiful thing, and a bit of mālama along the way can bring it all to light.
Guatemala
During your stay on the idyllic hillside of Lake Atitlán, the deepest lake in Central America, in the dream property Relais & Châteaux Casa Palopo, lovers can (with a donation) arrange to spend a few hours or a day painting facades of vibrant homes and buildings in the charming technicolor town of Santa Catarina Palopó. The opportunity is with a community revitalization initiative called Pintando Santa Catarina Palopó. Plus, guests get 10% of their nightly rate back in vouchers they can use to shop at local artists and boutiques. Residents then exchange voucher payments for cash at the hotel, greatly benefiting the city’s micro-economy.
Florida
If you have a special affinity for sea turtles, you and your love may want to spend part of your honeymoon helping them from the plush Juno Beach. Water Palm Beach Resort & Spa. With a two-night minimum stay, the Sea Turtle Voluntourism package includes an evening visit to Loggerhead Marinelife Center to feed hatchlings, care for current patients, learn about conservation, and release turtles back into the sea. of a turtle patient is also included, so you can get updates on your little boy or girl as they heal.
Maldives
The eco-friendly but luxury JOALI has set up a Coral Table Nursery to accommodate the varying skill sets of clients in assisting with coral restoration and expanding their sustainable coral gene bank. And, in a super luxurious island resort Soneva Fushicouples can engage in sustainability initiatives that include beach cleanups and placing coral fragments in the ocean to grow new reefs.
Costa Rica
In the Blue Zone of Costa Rica’s Nicoya Peninsula, all-inclusive eco-luxury Hotel Punta Islita offers all the thrilling and relaxing activities the newlyweds could want (zipline, horseback riding, spa treatments) plus deep community involvement in the form of cleaning up the school, church or city beaches, from gardening at the Sports Plaza, harvesting fruit to give back to the community, and teaching local children at the Islita Education and Nutrition Center.
GROTON – The non-profit Groton History Center recently received $10,000 from Rollstone Bank & Trust to help the center expand exhibits, interactive digital learning tools, student program implementation and curriculum development .
“The Groton History Center provides an invaluable service to our community, helping to protect and make known the city’s vast history,” said Martin F. Connors Jr., president and CEO of Rollstone Bank & Trust in a statement. communicated. “We are thrilled to be able to support them in pursuing their goal of sharing stories that educate, enlighten and challenge what we know about Groton’s history.”
Located at 172 Main Street, the Groton History Center has been dedicated to preserving the town’s history for over 130 years. The center has a collection of artifacts, documents and memorabilia.
The endowment campaign, managed by the Community Foundation of North Central Massachusetts, ensures that history remains relevant for future generations through education, preservation and support of museums.
“We are grateful for Rollstone’s support of our work over the years and the ongoing partnership that celebrates our shared culture and history,” said Kara Fossey, Executive Director of the Groton History Center.
Recent exhibits include Carved Birds of Harvey Sargisson and Sense of Place, a themed project bringing Groton residents together to each create an inspired work of art. The expo opened in fall 2021 and attracted over 500 people across the region.
For more information, follow the Groton History Center on Instagram and Facebook @GrotonHistory.
It’s the summer of sharing, as people looking for a luxurious lifestyle book everything from boats to swimming pools in booming Airbnb-style rental markets.
Why is this important: People can increasingly rent the lifestyle they want for a fraction of the cost of ownership. This has created a cottage industry for entrepreneurs to run their own mini-fleets of rental cars, boats, or homes to list.
The big picture: Fifteen years after Airbnb’s debut as a budget hotel alternative, peer-to-peer sharing is entrenched in our culture. Now you can rent someone else’s house, car, pool, garden, private tennis court and more.
Pool-sharing site Swimply, for example, exploded amid the pandemic. It has welcomed more than 150,000 bookings on its platform this year, compared to just 800 in 2019, a spokeswoman said. He now plans to add tennis courts, private gymnasiums and more.
Explore Eden is building an online marketplace to connect campers with private landowners.
Driving the news: Miami-based Boatsetter raised $38 million this week to grow its business, which has 50,000 boat listings across 700 locations globally and aims to reinvent the $60 billion boating industry.
The Series B round was co-led by Level Equity. Reddit co-founder and entrepreneur Alexis Ohanian is also an investor, along with Certares.
Details: Boatsetter, co-founded in 2014, connects boat owners with people who want to get out on the water.
Users can rent boats by the hour or day – or take yachts for longer luxury vacations.
Inexperienced boaters can hire licensed captains.
To note : Unlike other boat rental companies (like GetMyBoat), Boatsetter is the first to offer peer-to-peer boat rental insurance, says Jaclyn Baumgarten, co-founder and CEO.
“The No. 1 challenge I had to solve was insurance,” Baumgarten told Axios, noting that most recreational boat insurance policies are void if the owner rents out their boat.
What we see: Peer-to-peer sharing becomes more professional and less about earning a little extra cash to offset the cost of your car or boat.
Airbnb’s founders started out renting inflatable mattresses on the floor to offset their rent, but many of its listings are now owned and managed by real estate professionals.
This is also true at Boatsetter. One Miami-based captain, for example, lists six boats for rent and makes about $100,000 a year from his charter business, Baumgarten says.
The same is happening on peer-to-peer car rental site Turo, where a Miami entrepreneur lists 22 vehicles for rent, often packaging them with Airbnb properties he also manages. He told Axios he could pocket a profit of $30,000 in a good month.
A different business model comes from Kindred, a members-only home exchange network that started with a group of friends looking for a change of scenery for remote work during the pandemic.
It’s a “give to get” model: you earn points for securing a place by renting your own home.
Membership costs $300 per year and lets you rent other members’ homes for around $30 a night, well below a typical hotel or Airbnb. Longer stays are cheaper and cleaning fees are extra.
“Psychologically speaking, there’s something good about knowing that everyone staying in your home has also listed their home on the platform,” says Talia Goldberg, partner at investor Kindred Bessemer Venture Partners. “There’s a level of trust; I want people to respect my house, just like they want someone to respect theirs.”
The catch: You must be “accepted” as a member while Kindred matches supply and demand. Currently, Kindred lists over 500 homes in 20 US cities.
The bottom line: What’s mine is yours — for a fee — in the new sharing economy.
• Today’s picks force you to choose your weapon in the defining supercar rivalry of the 1980s, and do so before the twin auctions end on Friday August 5th.
• Porsche’s 959 was a high-tech tour de force that accurately predicted the future of the turbocharged, all-wheel-drive 911.
• Second on the scene but the first production car to hit 200mph, the F40 is still arguably more desirable than any Ferrari flagship that came after it.
Released in 1989, the personal computer video game The Duel: Test Drive II asked a difficult question. Faced with the option of a Porsche 959 or a Ferrari F40, which do you choose? It’s still a puzzle today. But you might have to decide, because the cars are both currently listed on Bring a Trailer (which, like Car and driver, part of Hearst Autos) by the same dealership in San Diego. Bidding ends just five minutes apart, and while the F40 is currently leading with an offer of 1.7 million dollars to 959 Highest bid of $1.3 millionthe final price for each should be neck and neck.
The game Road Test II was quite advanced for its time, using video footage captured in a Porsche 944 Turbo on the Sea-to-Sky Highway in Vancouver, British Columbia, to simulate one of the stages of the race. The developers even went so far as to rent a Ferrari 308, record its engine, and then faithfully reproduce the sound to the best of 8-bit technology. The Road test series culminated in the long run Need of speed franchise.
Bring a trailer
Maybe you, dear reader, grew up racing a digital 959 versus a digital F40 on mom’s Apple IIGS. Maybe you’ve also made wise investments in Microsoft, or Playstation, or those images of electric monkeys that no one understands the purpose of. And now you’re ready to cash in and finally buy the 1980s supercar of your dreams. So what’s it gonna be?
The case for the 959 is that it’s the rarest thing, a usable supercar. Launched in 1986, it was a window into the future of automotive performance. Its 2.9-liter flat-six engine featured water cooling and twin sequential turbochargers. Peak power was 444 horsepower and the 959 used its smarts Porsche-Stuer Kupplung all-wheel drive to reduce that power in all possible weather conditions.
Bring a trailer
This example from 1987 is a relatively late-production Komfort model, meaning it comes with niceties like leather seats, air conditioning and a Blaupunkt cassette stereo. Any successful bidder should consider purchasing Kraftwerk’s immediately electric coffee on tape.
Bring a trailer
The F40 is also twin-turbocharged but doesn’t have a full stereo. That’s not really a downside, because experiencing that Ferrari 2.9-liter four-valve V-8 rushing to the redline behind you is like being front row for Pavarotti in his prime as he hits the crescendo of Sleep Nessun.
Gordon Murray called the F40 “a big kart with plastic bodywork”, and up close these cars have a kit-car build quality. There were also more than three times as many F40s built as 959s: 1311 to 337. Still, there’s a magic to this car that’s hard to define. It’s one of the few cars that stands up to the cult of childhood heroes, even better to drive than you’d hoped.
Bring a trailer
The F40 presented here is a 1992 model at the end of the series. For investment potential, it comes with the must-have Ferrari Classiche Red book. To get it out and drive it, he had the twin alloy fuel tanks replaced – European models had horrendously expensive rubber fuel bladders – and a full service in May this year.
With auctions ending August 5, there’s still time to decide which of these icons to take home. Will it be the insanely fast technology of the 959, or will you be swayed by the raw mechanical emotion of the F40? There’s really no wrong choice here: one or the other would be a childhood dream come true.
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Civista Bancshares Inc., the Sandusky-based holding company for Civil Bankadded Lorina Wise, director of human resources at Nationwide Children’s Hospital, to its board.
On the nine-person board, Wise replaces Tom Depler, who retired from the board in April.
“We are delighted to have the opportunity to add a Director with Lorina Wise’s experience,” Cavista CEO Dennis Shaffer said in a statement. “She will bring a wealth of experience and expertise that will be invaluable as Cavista continues to grow.”
Civista reported total assets of approximately $3 billion as of June 30, 2022.
In terms of recent growth, the bank completed a $50.2 million acquisition in the Toledo market in July with the acquisition of Napoleon-based Comunibanc Corp., the parent company of Henry County Bank.
“I look forward to taking on this new role as a director with an organization, board and management team that represent the highest standards in the banking industry,” added Wise.
Here’s how the bank describes Wise’s journey: Ms. Wise, currently Director of Human Resources at Nationwide Children’s Hospital in Columbus, Ohio, has also served as Assistant General Counsel, Assistant General Secretary and Associate General Counsel. From January 2009 to June 2012, Ms. Wise was Senior Director of International Human Resources and Enterprise Risk Management at Carnegie Mellon University. Prior to joining Carnegie Mellon University, Ms. Wise served for 10 years as Vice President, General Counsel and Chief Privacy Officer and Children’s Community Pediatrics and Corporate Secretary and Associate Counsel at UPMC Children’s Pittsburgh Hospital. Ms. Wise also served as an assistant attorney for the City of Pittsburgh for six years. Ms. Wise graduated in 1981 from Johns Hopkins University and graduated in 1984 from the University of Pittsburgh School of Law. Ms. Wise resides in Reynoldsburg, Ohio and has served on the boards of the Central Ohio YMCA and Big Brothers Big Sisters.
Depler received $31,011 in compensation for his service on the board in 2021, according to company filings.
You’re reading a copy of this week’s edition of New Cannabis Ventures’ weekly newsletter, which we’ve been publishing since October 2015. The newsletter includes unique information to help our readers stay ahead of the game as well as links to the most important events of the week. new.
Friends,
5 weeks ago we published here how “extremely oversold” cannabis stocks were at the time. In this newsletter, we pointed out that investor sentiment was too negative at the time, and we believe investors are still not so optimistic about the sector.
July was a great month for cannabis stocks. It was a very short month for traders at only 20 days, but the optimism we expressed in June paid off. Our three model portfolios at 420 Investor rose 19.3-21.7% during the month, well ahead of the index.
In July, the Global Cannabis Stock Index rebounded 4.3%, less than half the return of the S&P 500, which gained 9.2%. While our sector lagged, this was the first monthly gain in 17 months. We took off from the lowest closing price in its nearly 10-year history on June 30.
Last week, our sector lost 4.6%, while the S&P 500 gained 4.3%, distorting the month’s relative performance. Despite the delay, we are encouraged by the action. MSOs, as measured by the American Cannabis Operators Index, rose sharply during the month. This index gained 18.8% during the month. We will publish an article later today that will explain the move. As for MSO shares in the Global Cannabis Stock Index, all six rallied, with Cresco Labs, up 36.6%, and Green Thumb Industries, up 14.8%, leading the way. We wrote about performance last week, and there were three declines of over 20% that held this index back. The median of index names beat the average by 1.2%.
We remain optimistic for the second half of the year, noting low valuations, negative sentiment and improving fundamentals due to several states launching adult use.
TILT Holdings, a combination of large cannabis companies that provide products and services to companies operating in the industry, will release its second quarter results on August 15. Analyst expectations point to 15% annual growth in second-quarter revenue to $56 million, with adjusted EBITDA expected to be $5 million. TILT Holdings, which grew 17.7% in July, has a unique business model, an ancillary company with cannabis operations in three states with a fourth launch soon. Earlier this month, the company, in partnership with the Shinnecock Indian Nation of New York, opened a historic tribal-owned cannabis business in Southampton, NY.
Keep up to date by visiting the TILT Holdings Investor Dashboard which we maintain on their behalf as a client of New Cannabis Ventures. Click the blue Follow Business button to keep up to date with its progress.
Exclusives
Cannabis technology company Fyllo offers regulatory software solutions as well as marketing solutions for the industry. We last spoke with CEO and Founder Chad Bronstein in 2020 when the company was in the process of integrating the acquisition of CannaRegs. In this exclusive interview, we catch up to see how the company has grown since then.
The global cannabis stock index posted a gain for the first time in 17 months, rising 4.3% in July. The index, which includes 26 names, is down 53.1% this year so far after falling 26% in 2021. We discuss both the strongest and weakest stocks in this exclusive.
Capital
XS Financial provided a $15 million leasing facility to Green Dragon/Eaze with an immediate drawdown of over $2 million to purchase equipment. The equipment will lead to upgrades to existing processing facilities and construction for their expansions in Colorado and Florida. “Having access to non-dilutive financing is a huge win for our shareholders,” said Trey Handley, CFO of Green Dragon/Eaze.
finance
Despite the strong performance of its Zig-Zag and Stoker products, Turning Point Brands reported second-quarter net sales fell 16.1% year-on-year to $102.9 million. Zig-Zag and Stoker’s Products combined net sales showed resilience, declining 0.9% for the quarter.
Tilray Brands reported fourth-quarter cannabis revenue fell 3% sequentially to $53.3 million. President and CEO Irwin D. Simon said, “Over the past year, we have accelerated the optimization of our operations and refined the execution of our most profitable core business opportunities in the areas of medicine, adult, wellness and alcoholic beverages in Canada and Europe. , and the United States”
For real-time updates, download our free mobile app for Android or Apple devices, like our Facebook page, or follow Alan on Twitter. Share and learn about industry news with like-minded people on the largest group of cannabis investors and entrepreneurs on LinkedIn.
Get ahead of the crowd! If you’re a cannabis investor and find value in our Sunday newsletters, subscribe to 420 Investor, Alan’s comprehensive stock due diligence platform since 2013. Get immediate access to in-depth, real-time news and market insights from the publicly traded cannabis industry, including daily videos, weekly chats, model portfolios, a community forum and more.
Use the professionally managed suite of NCV cannabis stock indices to monitor the performance of publicly traded cannabis companies within the day or over longer periods. In addition to the comprehensive Global Cannabis Stock Index, we offer a family of indices to track Canadian licensed producers as well as the American Cannabis Operator Index and Ancillary Cannabis Index.
Check out the Public Cannabis Company Revenue & Income Tracker, which ranks the top revenue-generating cannabis stocks.
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Check out new listings coming soon with Cannabis Stock IPOs and new issues tracker.
Sincerely, Alain and Joel
Get a head start by signing up for 420 Investor, the largest and most comprehensive premium subscription service for cannabis traders and investors since 2013.
Based in Houston, Alan draws on his experience as the founder of the online community 420 Investor, the cannabis industry’s first and still largest public equity-focused due diligence platform. With his vast network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Prior to focusing on the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as a freelance research analyst after more than two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 on Seeking Alpha, where he has 70,000 subscribers, Alan is a frequent speaker at industry conferences and a frequent source for the media, including the NY Times, Wall Street Journal, Fox Business, and BloombergTV. Contact Alan: Twitter | Facebook | LinkedIn | E-mail
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In this article:
Eaze, Fyllo, Green Dragon, Tilray Brands, TILT, Tilt holdings, TLLTF, TLRY, TPB, Turning Point Brands, xs financial, xsf, XSHLF
Related News:
July U.S. Cannabis Indices Rally
Global Cannabis Stock Index Posts First Monthly Gain in 17 Months in July
Tilray’s fourth-quarter cannabis revenue of $53.3 million decreases 3% sequentially
This tech company works with major MSOs and 7,000 consumer brands
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LOCKPORT, NY – For as long as anyone can remember, rent increases have rarely happened at Ridgeview Homes, a family-friendly mobile home park in upstate New York.
That changed in 2018 when business owners took over the 65-year-old park located in the middle of farmland and on the road to a fast food restaurant and grocery store about 30 miles northeast of Buffalo.
Residents, about half of whom are seniors or disabled on fixed incomes, bear the first two increases. They hoped the last owner, Cook Properties, would take care of bourbon-colored drinking water, sewage bubbling in their bathtubs and pothole-filled roads.
When that didn’t happen and a new lease with a 6% increase was imposed this year, they formed an association. About half of residents launched a rent strike in May, prompting Cook Properties to send out around 30 eviction notices.
“All they care about is raising the rent because they only care about the money,” said Jeremy Ward, 49, who lives on just over $1,000 a month in disability benefits after his legs suffered nerve damage in a car accident.
He was recently fined $10 for using a leaf blower. “I’m disabled,” he said. “You don’t do your job and I get a violation?”
The fate of Ridgeview residents is being played out nationwide as institutional investors, led by private equity firms and real estate investment trusts and sometimes funded by pension funds, rush to buy up parks of homes mobiles. Critics say mortgage giants Fannie Mae and Freddie Mac are fueling the problem by backing a growing number of investor loans.
Shopping puts residents in a bind, as most mobile homes — despite their name — can’t be moved easily or cheaply. Landlords are forced to either accept unaffordable rent increases, spend thousands of dollars to move their home, or abandon it and lose tens of thousands of dollars they have invested.
“These industries, including the mobile home park manufacturing industry, continue to tout these parks, these mobile homes, as affordable housing. But it’s not affordable,” said Benjamin Bellus, an assistant attorney general. of Iowa, who said complaints have increased “100-fold” since out-of-state investors began buying up parks a few years ago.
“You put people in a trap and a trap, where they have no ability to defend themselves,” he added.
Driven by some of the strongest returns in real estate, investors have shaken up a once dormant sector that is home to more than 22 million mostly low-income Americans in 43,000 communities. Many are aggressively promoting parks as providing a steady return – repeatedly raising rents.
There’s also a growing industry, with how-to books, webinars and even a mobile home university, offering advice on attracting small investors.
“You went from an environment where you had a local owner or manager who took care of things as they needed to be fixed, to where you had people who looked at a cost-analysis benefits for how to get the lowest penny,” Bellus said. . “You combine it with the idea that we can just keep raising the rent and these people can’t leave.”
George McCarthy, president and CEO of the Lincoln Institute of Land Policy, a Cambridge, Mass.-based think tank, singled out Fannie Mae and Freddie Mac for guaranteeing the loans under what the lending giants regard as an expansion of affordable housing. Since 2014, the Lincoln Institute estimates that Freddie Mac alone has provided $9.6 billion in purchase funding for more than 950 communities in 44 states.
A Freddie Mac spokesperson countered that it purchased loans for less than 3% of mobile home communities nationwide, and about 60% of those were refinances.
Shortly after investors began buying up parks in 2015, complaints about double-digit rent increases followed.
In Iowa, Matt Chapman, a resident of a mobile home in a park purchased by Utah-based Havenpark Communities, said his rent and fees have nearly doubled since 2019. Legal Aid’s Alex Kornya of Iowa said another park purchased by Impact Communities saw rent and fees increase 87% between 2017 and 2020.
“A lot of people living in the park had fixed incomes, disabilities, social security and just weren’t going to be able to keep up,” said Kornya, who met about 300 angry mobile home owners in a mega-church. “It almost led to a political awakening.”
In Minnesota, purchases of parks by out-of-state buyers have increased from 46% in 2015 to 81% in 2021, with rent increases of up to 30%, according to All Parks Alliance For Change, an association of parks. ‘State.
US Senator Jon Tester of Montana, speaking at a Senate hearing this year, recalled tenants complaining about repeated rent increases at a Havenpark development in Great Falls. One resident, Cindy Newman, told The Associated Press that her monthly rent has risen from $117 to nearly $400 over a year and eight months, the increase of the past 20 years.
In addition to rent increases, residents have complained of being inundated with fees for everything from pets to maintenance and fines for congestion and speeding — all locked into leases that can exceed 50 pages.
Josh Weiss, a spokesperson for Havenpark, said the company must charge prevailing market rates when purchasing a park at the fair market price. That said, the company has taken steps since 2020 to limit its rent increases to $50 per month.
“We understand the anxiety that any rent increase creates for residents, especially those on fixed incomes,” Weiss said. “While we try to minimize the impact, the financial realities do not change.”
The mobile home industry argues that communities are the most affordable housing option, noting that average rent increases in parks nationwide were just over 4% in 2021. improvement were about 11%. Significant investment is needed, they said, to make improvements to older parks and prevent them from being sold.
“You have people coming into space who are giving us all a bad name, but these are isolated examples and these practices are not common,” said Lesli Gooch, chief executive of the Manufactured Housing Institute, the association industry professional.
Both sides said the government could do more to help.
The industry wants Federal Housing Administration financing to be made available to residents, many of whom rely on high-interest loans to buy homes that cost an average of $81,900. They also want the US Department of Housing and Urban Development to allow the use of housing vouchers for mobile homes.
Resident advocates, including MHAction, want lawmakers to cap rent or require a reason for a raise or eviction — state legislation that succeeded in Delaware this year but failed in Iowa, Colorado and Montana.
They also want Fannie Mae and Freddie Mac to stipulate in the loans they support that rents remain affordable. And they’re supporting residents buying their communities, which started in New Hampshire and has grown to nearly 300 parks in 20 states.
A spokesperson for Freddie Mac said it had created a new loan offering that encourages tenant protection and last year made them mandatory for all future transactions in the mobile home community.
In Ridgeview, it is unclear how the rent strike will be resolved.
Cook, which claims to be the largest operator of mobile home parks in New York and has the slogan “Exceptional Opportunities. Exceptional Returns,” declined to comment. The company closed a $26 million private equity fund in 2021 that bought 12 parks in New York, but it was unclear if any of them were Ridgeview.
The residents, meanwhile, continue. Joyce Bayles, an 85-year-old resident, has started mowing her own lawn because crews only show up every month. Gerald Korb, a 78-year-old retiree, said he was still waiting for the company to move a utility pole and transformer that he said could fall on his house during a storm.
“I bought a place and now they’re forcing all of this on us,” said Korb, who stopped paying rent in protest. “They are absentee owners, that’s what they are.”
Joyce Bayles, 85, mows the lawn around her home in the Ridgeview Homes mobile home community in Lockport, NY on June 23, 2022. The 85-year-old resident started mowing her own lawn because Ridgeview crews didn’t only show up every month. Bayles is not participating in a rent strike with other Ridgeview residents and does not want to get involved. “They’re going to raise the rent and there’s nothing I can do about it,” Bayles said. (AP Photo/Lauren Petracca)
Community and business leaders gathered Thursday morning to meet and welcome new faces to their ranks at the Chamber Community Breakfast at UNM-Los Alamos, as many organizations recently hired new leaders. Photo by Bonnie J. Gordon/ladailypost.com
From left, Keith Jones, who is overseeing the renovation of the Los Alamos Comfort Inn, Ryn Herrmann, director of the Los Alamos Chamber of Commerce, and Donovan Price of Enterprise Bank and Trust. Photo by Bonnie J. Gordon/ladailypost.com
Liz Martineau chats with new Los Alamos Public Schools Superintendent Jose Delphin. Martineau is spearheading a project to train employees to become Los Alamos ambassadors. Photo by Bonnie J. Gordon/ladailypost.com
Network of business and community leaders at the Chamber Breakfast. Photo by Bonnie J. Gordon/ladailypost.com
Los Alamos Creative District Director Jeremy Smith chats with new Self Help Inc. Director Diane Smogor. Photo by Bonnie J. Gordon/ladailypost.com
New Executive Director of the Los Alamos Community Foundation, Steve Laurent introduces himself to attendees at the Chamber Community Breakfast. Photo by Bonnie J. Gordon/ladailypost.com
Los Alamos Historical Society Executive Director Todd Nickols introduces himself to the breakfast attendees. Photo by Bonnie J. Gordon/ladailypost.com
Owner of Little Shop on the Mesa Joanne Kozuchowski, left, with room manager Ryn Herrmann. Photo by Bonnie J. Gordon/ladailypost.com
Angie and Doug Roth of Youth For Christ School Character Program which extends to Santa Fe. The program serves Los Alamos and Española. Photo by Bonnie J. Gordon/ladailypost.com
Sharecare, Inc. (NASDAQ:SHCR – Get Rating) shares hit a new 52-week low during trading on Thursday. The company traded as low as $1.43 and last traded at $1.43, with volume of 5229 shares changing hands. The stock previously closed at $1.47.
A Wall Street analyst gives his opinion
A number of research analysts have recently commented on the company. BTIG Research reiterated a “buy” rating and issued a $10.00 price target on Sharecare shares in a research note on Friday, April 22. Canaccord Genuity Group lowered its price target on Sharecare from $12.00 to $6.00 in a Friday, April 1 research note. Goldman Sachs Group lowered its price target on Sharecare from $4.50 to $4.00 and set a “neutral” rating for the company in a Friday, April 1 research note. Finally, Morgan Stanley began covering Sharecare in a research note on Wednesday, July 20. They issued an “equal weight” rating and a price target of $2.50 for the company.
Sharecare price performance
The company has a market capitalization of $500.89 million, a price-earnings ratio of -0.16 and a beta of 0.17. The stock has a fifty-day moving average of $1.99 and a two-hundred-day moving average of $2.61.
Sharecare (NASDAQ:SHCR – Get Rating) last released its quarterly earnings data on Thursday, May 12. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $100.71 million in the quarter. Sharecare had a negative net margin of 21.72% and a negative return on equity of 22.95%. On average, research analysts expect Sharecare, Inc. to post an EPS of -0.27 for the current year.
Sharecare Institutional Trading
A number of large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Sharecare by 4.1% during the 1st quarter. BlackRock Inc. now owns 4,705,162 shares of the company worth $11,622,000 after acquiring an additional 186,973 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Sharecare by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,454,392 shares of the company worth $3,593,000 after acquiring an additional 49,081 shares during the period. WealthPLAN Partners LLC increased its holdings in Sharecare by 11,497.2% during the 1st quarter. WealthPLAN Partners LLC now owns 1,235,099 shares of the company worth $3,384,000 after acquiring an additional 1,224,449 shares during the period. State Street Corp increased its stake in Sharecare by 2.2% in the first quarter. State Street Corp now owns 1,157,135 shares of the company worth $2,858,000 after acquiring an additional 25,126 shares during the period. Finally, Samjo Capital LLC acquired a new stake in Sharecare during the 1st quarter with a value of approximately $1,828,000. 16.76% of the shares are currently held by institutional investors and hedge funds.
About ShareCare
(Get an assessment)
Sharecare, Inc operates as a digital healthcare platform company. Its Sharecare platform connects people, patients, providers, employers, health plans, government organizations and communities that optimize individual and population-wide wellness. The Company offers enterprise solutions based on a software-as-a-service model that enables enterprise customers to message, motivate and manage their populations, as well as measure the progress of their people; a suite of data and information driven solutions; and life sciences solutions, which provide members with personalized information, programs and resources to improve their health and well-being.
Further reading
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Customers are cutting their prices while some are turning to hybrid and electric vehicles to save money on gas, she said.
“From an inflationary point of view, everyone is really looking at their budget,” Negri said.
Car buyers, however, were not particularly disadvantaged with auto loans. Those rates have been climbing more slowly than those in the mortgage market, she said.
“Rates are still relatively low,” Negri said, adding that Redwood’s auto loans start at 2.69% and it offers discounts for hybrid and electric vehicles.
Races
Shoppers are also experiencing higher supermarket bills. The US Department of Agriculture noted that grocery prices rose at an annual rate of 3.5% in 2020 and 2021 during the height of the pandemic.
The largest increases occurred with meats, especially beef and veal. Fresh fruits and vegetables saw the smallest spikes. But the department was clear on what COVID-19 has done to food production: “No food category decreased in price in 2021 compared to 2020.”
At family-run Molsberry Market in Larkfield, co-owner Dean Molsberry said he tries to strike the right price balance with the roughly 30,000 different items his grocery store stocks. “It definitely becomes a juggling act of where you can take a margin or where your margins are definitely going down,” Molsberry said.
Transportation costs are a significant factor in wholesale price increases, especially for international products. Items that take up more cargo space, such as paper towels, incur additional charges.
“Cereals aren’t heavy, but they take up a lot of space,” he said. “So when you get deliveries, they charge you for the space you fill.”
The market found that some items were willing to pay more, such as gourmet items and pet food. “I will literally see people skimp on their personal food so their pets get better food,” he said.
Conversely, they are more demanding on items such as canned vegetables, where prices have remained generally stable, with generics filling a void.
“I will say we’re seeing more house tags for this (article),” Molsberry said.
Restaurants
Arguably no industry has been hit harder by the pandemic than restaurants, as Sonoma County has seen numerous closures over the past two years despite government aid efforts to save them. Steele and Hops in Santa Rosa were the latest victim this month.
Restaurants have been impacted by rising food costs and a tight labor market. This has forced many to cut their hours and operate with fewer workers. This also translated into higher menu prices. Average menu prices rose 7.7% between June 2021 and June 2022, the largest annual increase since 1981, according to the Bureau of Labor Statistics.
This was the case at the Bear Republic Brewing Co. restaurant in Rohnert Park.
For example, the cost of chicken wings has continued to rise while demand remains strong. As a result, the restaurant raised its menu price for chicken wings from $12.50 to $14, owner Richard G. Norgrove said. The starting price for his plate of burgers is now $15, which is about the floor for restaurants in Sonoma County that aren’t fast food.
“Chicken tenders. Fries. These are all commodities that have to be shipped from somewhere,” Norgrove said. “You do your best not to pass on those food prices. review daily.
wine and beer
Both of these local commodities are also under price pressure. For wine, it’s a tale of two markets, according to Rob McMillan, founder of the wine division of Silicon Valley Bank.
Bargain shoppers should take advantage. “Prices in the sub-$11 grocery segment aren’t going up,” McMillan said in an email.
He added that the budget price category in grocery stores had fallen 8% in revenue through May. “It’s clear that higher-production wineries aren’t keeping up with inflation.”
This is not the case for more premium wines. His bank conducted a survey released earlier this year that showed 72% of wineries making wines over $25 said they would raise prices, most by a small amount.
“Ultimately, inflation impacts wine producers, but they don’t fully pass on the impact of price increases to consumers. They make lower margins,” he said.
Meanwhile, craft breweries are adjusting to increases in trucking costs, packaging materials, aluminum cans and malt prices, said Bart Watson, chief economist at the Brewers Association, the trade group that represents independent breweries.
“Everything is more expensive,” he says.
Bear Republic is reviewing its pricing structure with its distributors, Norgrove said. “I think you’re going to see a lot of brewers…you’ll see price take in the fall,” he said. “We’re already losing money on things right now.”
But some are waiting for now.
Anderson Valley Brewing Co. in Boonville has realized savings from its solar panels as well as a switch to 100% aluminum cans and cardboard packaging to reduce trucking costs, said Kevin McGee, president and chief executive officer. . “We had the option and elected to hold the price,” McGee added.
UK The car rental market is expected to register growth during the forecast period, 2023-2027
Advancements in mobile car rental applications, internet-based services, location-based fare adjustments, simple user interface coupled with the rapid rise of online service providers are contributing to the growth of UK car rental market.
The entry of new players into the rental services market and the expansion of car rental service are some of the factors supporting the growth of UK car rental market in the coming years. Rising trend of on-demand transportation services and low car ownership among millennials are some of the factors supporting the growth of UK car rental market.
The UK The car rental market is segmented by vehicle type, channel, type, end use, competitive landscape and regional distribution. Based on vehicle type, the market is further segmented into economy, executive and luxury. The economy vehicle segment is expected to hold the largest market share UK car rental market due to their growing adoption for short-haul trips. Rising demand for leisure travel could contribute to the rapid growth of the luxury car segment in the coming years.
The big companies of UK car rental market are Lex Autolease Ltd., Alphabet (GB) Ltd., Enterprise Rent-A-Car UK Ltd., LeasePlan UK Ltd., Europcar Mobility Group, Avis Budget Group Inc., Hertz UK Ltd., Sixt SE , Dollar Rent A Car, Inc., Green Motion International, among others.
Goal of the study:
To analyze the historical growth of the market size of UK car rental market from 2017 to 2021.
To estimate and forecast the market size of UK car rental market from 2022 to 2027 and growth rate to 2027.
Classify and predict UK car rental market based on vehicle type, channel, type, end-use, region and company.
To identify the dominant region or segment in the UK car rental market.
Identify drivers and challenges for the UK car rental market.
Review competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the UK car rental market.
Identify and analyze the profiles of the main actors operating in the UK car rental market.
Identify key sustainable strategies adopted by market players in UK car rental market
Competitive landscape
Company Profiles: Detailed analysis of the main companies present in UK car rental market.
BRUSSELS (AP) – Inflation in European countries using the euro hit a new high in July, pushed by rising energy prices due in part to Russia’s war in Ukraine, but the economy still managed low growth.
Annual inflation in the 19 euro zone countries reached 8.9% in July, against 8.6% in June, according to the latest figures published on Friday by the European Union statistics agency. Inflation is at its highest level since 1997, when the registration of the euro began.
Energy prices jumped 39.7%, slightly less than the previous month, while food, alcohol and tobacco prices rose 9.8%, faster than the increase recorded on last month.
The eurozone economy, meanwhile, grew from April to June, growing 0.7% from the previous quarter and 4% from the same period in 2021.
This contrasts with the United States, whose economy has contracted for two consecutive quarters, raising fears of a recession with inflation at its highest level in 40 years. But the labor market is still stronger than before the COVID-19 pandemic, and most economists, including Federal Reserve Chairman Jerome Powell, said they don’t think the economy is in good shape. recession.
Many, however, increasingly expect an economic downturn in the United States to begin later this year or next, much like in Europe.
Europe’s proximity to the war in Ukraine and its dependence on Russian energy mean it risks a recession as Moscow chokes off natural gas flows that fuel factories, produce electricity and heat homes in winter.
Further cuts this week via a major pipeline to Germany, Nord Stream 1, have heightened fears the Kremlin could cut off supply altogether. It would force rationing of energy-intensive industries and drive up already record levels of inflation due to soaring energy prices, threatening to plunge the 27-nation bloc into recession.
As European Union governments this week approved a measure to cut gas consumption by 15% and passed tax cuts and subsidies to ease a cost-of-living crisis, Europe is at the mercy of Russia and the weather.
A cold winter, when demand for natural gas soars, could reduce storage levels that governments are currently scrambling to fill, but which have been made infinitely more difficult by Russian cuts.
“With the region’s gas supply now tight and inflation expected to remain elevated for some time, the eurozone is likely to slide into recession,” Michael Tran, deputy economist at Capital Economics, said in an analysis. this week.
Economists’ forecasts vary on the impact on economic output, particularly from country to country, but ING Bank says the hit of a complete Russian gas cut to the 19 countries sharing the euro would be 1 to 3% of GDP in the short term.
“Given that we are already expecting a mild recession, that would be enough to get to a real recession,” ING analysts said in a research note this week.
To combat soaring inflation, the European Central Bank raised interest rates last week for the first time in 11 years by half a point higher than expected. It should be followed by another increase in September.
The ECB had followed other central banks like the Fed and the Bank of England in making credit more expensive, fearing the outsized impact of the war-related spike in energy prices.
Apartment developers need to build 4.3 million units across the country over the next twelve years to meet demand, industry groups estimate, with about 40% of that construction needed in California, Florida and the United States. Texas.
Those three states will need 1.5 million new units by 2035, according to a study released Wednesday by two multifamily advocacy organizations. The projected number of US units needed to meet demand includes an estimated shortfall of 600,000 units due to underconstruction in the aftermath of the Great Recession, as well as declining affordable rents.
The United States lost 4.7 million affordable units, which are classified as units that rent for less than $1,000 per month, between 2015 and 2020, according to the study commissioned by the National Apartment Association and the National Multifamily Housing Council.
“Put simply, we don’t have enough housing,” Bob Pinnegar, NAA president and CEO, said in a statement. “It is time to step back from decades of underconstruction and instead pursue responsible and sustainable policies that not only meet this demand, but address the missing middle and loss of affordable housing.”
Discoveries come as apartment construction is expected to slow this yearwith rising interest rates and construction costs that remain elevated while historic increases in rent growth wane.
Apartment construction has generally increased from a low point in 2010 following the Great Recession, which hit a low of 134,295 units, according to CoStar data. That was well below the drop in 2020, when units under construction were around 700,000 in the third quarter. There are now 826,190 units under construction.
Although the groups exist in part to drive demand for their industry, their argument that there is a shortage of affordable apartments is consistent with what housing advocates and elected officials have been saying for some time. Officials in the state of California, which has the largest homeless population in the country, have argued that more needs to be done to promote the construction of affordable housing, as cities like Los Angeles, San Francisco and San Diego have struggled with this problem.
CoStar data shows total apartment inventory is nearly 18.4 million units and is expected to grow to around 20.1 million units in five years, an average of 320,000 units per year . At this average rate, the United States would reach the 4.3 million units needed by 2035.
Property developers often point to the ongoing obstacles to obtaining the rights to build apartments through government processes that can be swayed by local residents with a vision not in my backyard.
“At the local level, NIMBY attitudes need to be educated that new multifamily housing does not mean low-income households will overwhelm the community,” said Jay Lybik, national director of multifamily analysis for CoStar. “Nearly half of all apartment renters are single people and the lack of rental options available only makes life more difficult for those working in your community with longer commute times, housing costs higher and, in some cases, the migration of people necessary to make a community thrive.”
The study revealed that immigration is a major driver of demand. Immigration had slowed before the pandemic and remained low. “A reversal of this trend would significantly increase the demand for apartments,” according to the study.
The study factored a 3.8% increase in home ownership into the apartment demand figures.
New home sales have plummeted as mortgage rates rise on top of steadily rising home prices, creating affordability challenges for many homebuyers. They are now choosing to continue renting rather than buying, which has kept apartments full and rents higher.
Rents in many major cities across the country plummeted at the start of the pandemic as people left urban areas for other parts of the country as businesses sent people home to work.
Then, rents rebounded significantly last year, with many cities seeing double-digit rent growth at levels exceeding pre-pandemic demand.
The Biden administration has sought to address the affordability problem by rewriting rules on how cities and states can use US bailout funds to create more affordable rental housing, targeting those earning 65% or less than the median income of a region.
Some states are also tackling housing shortages by offering incentives to apartment developers. California, the most populous state in the country, set aside hundreds of millions of dollars to help transform underutilized office space into housing.
Secondary markets are expected to account for the majority of demand for needed apartments by 2035, according to the NAA and NMHC study. Application for apartments in Boise, Idaho; Austin, TX; Las Vegas, Nevada; Raleigh, North Carolina; Orlando Florida; and Phoenix, Arizona, is expected to grow at least twice the national rate of 1.1% per year through 2035.
“We need a massive supply of new homes for sale and for rent” across the country, NMHC chief executive Doug Bibby said in a statement.
When Jeff Campbell checked into the Austin airport for spring break, the last thing on his mind was a credit card chargeback. Instead, he thought about how much fun he would have with his three daughters at Universal Orlando Resort that week.
“Literally at the gate, my airline canceled the flight,” he says. “An agent said they would reimburse that specific flight, but then handed me a business card to call and tell someone.”
His only option was an expensive rental car and about a 17-hour drive from Orlando. He didn’t even bother to ask his airline for a refund when he decided to drive home.
“I disputed the entire charge on my credit card,” he says.
Campbell, a personal finance expert who blogs at Middle class dads moneyjoined the many other travelers who turn to credit card chargebacks when they have a problem while traveling.
Under the Fair Credit Billing Act, consumers can dispute credit card charges for goods and services they did not receive or accept. Your bank will investigate and, if they side with you, you will be refunded.
Monica Eaton-Cardone, Chief Operating Officer of Chargebacks911, a firm that protects businesses against fraudulent chargebacks, says it has become more common for consumers to actively dispute credit card payments and demand refunds from their banks. According to the company’s research, the number of such conflicts has increased by 25% since the start of the pandemic.
Experts believed things would return to normal after the pandemic sparked an initial round of disputes over the canceled vacation. Then came another wave of travelers who were unwilling to accept airline vouchers or cruise credits. Now, industry watchers say chargebacks are increasingly seen as a preferred tool for obtaining refunds from travel agencies.
Take the case of Campbell, for example. As a personal finance expert, he knows how chargebacks work and the limitations of the Fair Credit Billing Act. (I’ll get to that in a moment.) But he didn’t want to bother asking his airline for a refund. He just wanted his $2,300 back. Two months later, his bank returned the money.
The dispute resolution process was no more difficult than in the past, he says. “But it took a lot longer to get a resolution.”
How bad has it gotten? Stephen Fofanoff, CEO of Domaine Madeleine, a small inn in Port Angeles, Washington, says it has noticed a significant increase in credit card disputes since the pandemic began. They follow a similar pattern: customers book the cheapest non-refundable rooms, skip travel insurance, then request a refund when their plans change.
“If we don’t refund them, they threaten us with bad reviews and then file a chargeback with their credit card,” he says.
But a chargeback isn’t a magic bullet for travelers who want a refund. For starters, this only applies to credit cards. If you pay by cash, debit or bank transfer, you cannot get a chargeback.
The Fair Credit Billing Actprotects purchases with the wrong date. (For example, you booked a plane ticket for the 23rd of the month, but you received a ticket for the 25th.) This also applies to receiving the wrong number of goods or services (you have booked a rental car but got charged for two) and math errors, like getting the decimals mixed up that turns your $4 latte into a $4,000 cup of coffee.
You have 60 days after receiving the first statement containing the disputed transaction to file a chargeback.
If you have a complaint about the quality of a travel product, as opposed to failure to provide service, the threshold is even higher for credit card disputes. The law requires that the business be located in your home country or within 100 miles of your current billing address, and that the purchase be over $50. You must also make a “good faith effort” to resolve the issue with the seller first.
A credit card chargeback is almost never the fastest or easiest way to get a refund. Even if you’re successful, a chargeback is a long process, and the merchant can still send you to a collection agency or add you to their “Do Not Rent” list. It’s far better to work with the airline, rental car company, or hotel to get your money back.
So when should you immediately file a chargeback? Only when a travel agency charges you fraudulently. Please be patient with any further disputes. If, for example, a company promises a refund and does not send it, you should talk to your bank. (Remember the 60-day limit.)
“Don’t use the chargeback as a weapon,” advises Y. Murat Ozguc, managing partner of the Turkish tour operator Travel Workshop. He frequently deals with chargebacks from customers who don’t recognize his company’s name on their credit card bills. Instead of calling to inquire about their bill, they file a chargeback. They don’t win the argument, but it complicates everyone’s life.
Read the fine print before calling your bank or credit card. Brandon Barron thought he could use a credit card dispute to get a refund of Aeroflot after the airline canceled its flight from Washington, DC, to Kemerovo, Russia this summer. But the airline was unable to refund the money, as it was hit by US sanctions. Then he realized that he had booked the tickets with a debit card.
“Rookie mistake,” says Barron, who works for a timeshare company in Charlotte. “I don’t have much hope of ever seeing a dime on what amounts to nearly $5,000.”
Bottom Line: Credit card chargebacks can be a powerful tool to get your money back from a travel agency. But use them sparingly and only after exhausting all other measures.
Prospective travelers should consider local and national public health guidelines regarding the pandemic before planning any travel. Information on travel health advice can be found on the Centers for Disease Control and Prevention’s interactive map showing travel recommendations by destination and the CDCs travel health advice web page.
Pune, India, July 26. 2022 (GLOBE NEWSWIRE) — The world car rental market size will reach USD 68.84 billion in 2021. The market value is expected to increase from USD 82.54 billion in 2022 to USD 137.25 billion by 2029, showing a CAGR of 7.5% during the forecast period. The market has declined significantly due to COVID-19, due to lack of demand in all areas throughout the pandemic. Due to the growing popularity of online rental car booking apps on smartphones, the car rental industry has received a lot of attention. Customers can rent cars from companies for a short or long term, says Fortune Business Insights in its report titled “Car Rental Market, 2022-2029”.
Impact of COVID-19 –
Substantial decline in the global tourism industry due to the COVID-19 pandemic
According to the International Civil Aviation Organization (ICAO), an overall decrease of 2,703 million passengers compared to 2019 and a loss of approximately USD 372 billion in airline passenger operating revenue impacted on the airport transportation car rental business in 2020. Additionally, as tourism declined globally, car rental companies were forced to sell off much of their fleet.
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Report Scope and Segmentation:
Report cover
Details
Forecast period
2022-2029
Forecast Period 2022 to 2029 CAGR
7.5%
2029 value projection
$137.25 billion
base year
2021
Market size in 2022
$82.54 billion
Historical data for
2018-2020
Number of pages
194
Segments Covered
The market is divided into four segments based on vehicle type, luxury cars, executive cars, economy cars, sport utility vehicles (SUVs) and multi-utility vehicles (MUVs).
Growth engines
Market growth will be driven by on-demand transportation services
North America led the global market share
Market factors-
Market growth will be driven by on-demand transportation services
Rising vehicle prices, limited parking spaces, and high car maintenance costs encourage people to use on-demand transportation services for commuting and commuting. Accordingly, the growing demand for on-demand transportation is expected to drive the market growth over the forecast period.
The increase in smartphone sales is also influencing people’s preferences for on-demand transportation services. For carpooling and rental services, smartphone apps allow for easy online booking and payment. Accordingly, the rising popularity and usage of smartphone apps and online platforms for rental services provided by ride-sharing companies, such as Uber, Lyft, and others, is driving the growth of the market. However, during the forecast period, rising oil or fossil fuel prices are expected to hamper the growth of the car rental market.
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Report Highlights-
The report provides a detailed analysis of the market, focusing on key aspects such as major companies, vehicle types, and major service applications. Apart from this, the report provides an overview of market trends and highlights key developments in the industry. In addition to the factors mentioned above, the report includes a number of other factors that have contributed to the growth of the market.
Regional segmentation-
North America led the global market share
Comprised of 36.07% in 2021, North America led the global car rental market share. This can be attributed to the lack of flexibility in public transport routes and the shift to environmentally friendly rental vehicles, which further increases the demand for rental cars for leisure activities and business trips. In addition, the boom in tourism in North America and Europe is increasing the demand for rental services.
The introduction of a dedicated electric vehicle rental service and the entry of major players in the automotive industry are expected to grow business in the European market.
The scenario in Asia-Pacific and Latin America, on the other hand, is very different. In these regions, rising vehicle and fuel prices are increasing demand. As the majority of the region’s population has middle-class disposable income, renting a car is a popular way to meet travel needs. In addition, the Asia-Pacific market is expected to witness significant growth owing to favorable macroeconomic factors and the introduction of self-driving vehicle rental fleets by major players.
The Middle East and Africa is expected to grow at the fastest CAGR over the forecast period, owing to increased business and tourism in the region.
Quick Buy – Car RentalMarket research report: https://www.fortunebusinessinsights.com/checkout-page/105117
Competitive landscape-
Hertz rental hit hard by COVID-19
During the COVID-19 pandemic, Hertz Rental, a market leader, faced critical challenges and filed for bankruptcy. Despite the company’s extensive distribution network, particularly in the United States, it failed to manage funds effectively during the lockdown. To weather tough times, the company recently applied for $1.65 billion in funding.
The list of players operating in the car rental market is as follows:
• Enterprise Holdings Inc. (United States)
• Hertz Global Holdings (United States)
• Avis Budget Group (USA)
• Europcar Mobility Group (France)
• Lotte Rental Co. Ltd (South Korea)
• TOYOTA Rent a Car (Japan)
• Europcar International (France)
• Sixt SE (Germany)
• Localiza Rent a Car SA (Brazil)
• CAR Inc (China)
• Alamo Rent A Car LLC (USA)
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Segmentation of the car rental market:
By type of vehicle:
luxury cars
Executive cars
Economy cars
SUV
VUM
By type of application:
Local use
Airport transportation
External post
Others
By type of rental duration:
Contents:
1. Introduction
1.1. Search scope
1.2. Market segmentation
1.3. Research Methodology
1.4. Definitions and assumptions
2. Executive Summary
3. Market dynamics
3.1. Market factors
3.2. Market constraints
3.3. Market opportunities
4. Key information
4.1. Key Industry Developments – Mergers, Acquisitions and Partnerships
4.2. Porter’s Five Forces Analysis
4.3. SWOT analysis
4.4. Technological development
4.5. Value chain analysis
4.6. Impact of COVID-19 on the car rental market
5. Global Car Rental Market Analysis, Outlook and Forecast, 2017-2028
5.1. Main results/summary
Continued…
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About Us:
Fortune Business Insights™ delivers expert business analysis and accurate data, helping organizations of all sizes make timely decisions. We adapt innovative solutions to our customers, helping them to meet the challenges specific to their activities. Our goal is to give our clients holistic market intelligence, providing granular insight into the market they operate in.
New Jersey, United States – The Passenger car rental market research guides new entrants to get accurate market data and communicates with customers to learn about their needs and preferences. He identifies direct business opportunities and helps bring new products to market. It identifies opportunities in the market. It aims to make changes in the business to make business procedures smooth and business moving forward. It helps business players make informed decisions. The Passenger Vehicle Rental market report helps to reduce business risks and provides means to cope with upcoming challenges. The market information provided here helps new entrants make informed decisions. It emphasizes on major global regions such as Europe, North America, Asia-Pacific, Middle East, Africa, and Latin America along with their market size .
Such a unique research report on Passenger Vehicle Leasing Market offers detailed strategic plans that help players to cope with the current market situation and position themselves. This helps strengthen your trading position. It provides a better understanding of the market and keeps perspective to help stay ahead in this competitive market. Organizations can gaze and compare their presentation with others in the market based on this quick market report. This market report offers a clarified picture of the various market tactics and thus helps the business organizations to earn bigger profits. You get a clear idea about product launches, trade regulations, and market expansion through this market report.
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Key Players Mentioned in the Passenger Vehicle Leasing Market Research Report:
Enterprise Holdings Inc, Hertz Global Holdings Inc, Avis, Europcar Mobility Group, Sixt SE, Budget, Zoomcar, Autoeurope, Carzonrent and Kemwel.
The Passenger Vehicle Leasing Market report encompasses significant data regarding the entire market environment for products or services offered by different industry players. It allows industries to know the market scenario of a particular product or service including demand, supply, market structure, price structure, and trend analysis. It is of great help in developing the product market. It further outlines essential data regarding customers, products, competition, and market growth factors. Passenger vehicle rental market research is very helpful in making the right decision. Future trends are also revealed for particular products or services to help business players make the right investment and launch products in the market.
Segmentation of the passenger vehicle rental market:
Passenger vehicle rental market, by reservation mode
• On line • Offline
Passenger Vehicle Leasing Market, By Vehicle Type
• Particular Cars • Luxury/Premium • Tourist van • Others
Rental of passenger vehiclesMarket,By end users
• Autonomous • Rental agencies
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To prepare the table of contents, our analyst did extensive research on the following:
Presentation of the report: It includes key Passenger Vehicle Leasing Market players covered in the research study, research scope, market segments by Type, market segments by Application, years considered for the study of research and the objectives of the report.
Global Growth Trends: This section focuses on industry trends where market drivers and key market trends are shed light on. It also provides growth rates of major producers operating in the passenger vehicle rental market. Further, it offers production and capacity analysis where marketing price trends, capacity, production, and production value of Passenger Vehicle Rental market are discussed.
Market Share by Manufacturers: Here, the report provides details about manufacturers’ revenue, production and capacity by manufacturers, prices by manufacturers, expansion plans, mergers and acquisitions and products, market entry dates, distribution and market areas of major manufacturers.
Market Size by Type: This section focuses on the product type segments where production value market share, price and production market share by product type are discussed.
Market Size by Application: Along with an overview of Passenger Vehicle Leasing market by application, it gives a study on Passenger Vehicle Leasing market consumption by application.
Production by region: Here, production value growth rate, production growth rate, import and export, and key players in each regional market are provided.
Consumption by region: This section provides consumption information in each regional market studied in the report. Consumption is discussed according to country, application and product type.
Company Profiles: Almost all major players of Passenger Vehicle Rental Market are profiled in this section. The analysts provided information on their recent developments in the Passenger Vehicle Rental market, products, revenue, production, activities, and company.
Market forecast by production: The production and production value forecasts included in this section are for the passenger vehicle rental market along with major regional markets.
Market forecast by consumption: The consumption and consumption value forecasts included in this section are for the passenger vehicle rental market as well as major regional markets.
Value chain and sales analysis: It thoroughly analyzes customers, distributors, sales channels and value chain of Passenger Vehicle Rental market.
Main findings: This section provides a quick overview of important findings from the research study.
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Rent Car Indonesia is one of the leading agencies in this area, they are the best mode of transportation and are located right outside the airport which helps to find them easily. The agency offers a wide range of car types, including personal car rental, corporate car rental, groups and events, etc.
California – July 25, 2022 – Rental services are very popular as they facilitate travel to various locations. Especially when arriving in a new place, the first thing a person looks for is a car rental service. Car Rental Indonesia is one of the main car rental indonesia agencies, they are the best mode of transport and are located just outside the airport, it helps to find them easily. The agency offers a wide range of car types, including small and comfortable, mid-size, affordable, luxury, large, etc. With so many car options, choosing the best one for your needs is simple. The cost of their services varies depending on the type of car; some are expensive because they include all amenities, while others are affordable because they don’t have as many luxuries.
“As a professional car agency and one of the best in Indonesia, we make sure that our drivers are very well mannered and well behaved; they take the luggage and keep it safe. They make sure that the customer enjoys from all facilities and feel free during the trip. » business meeting etc. We are available 24 hours a day so even in odd hours we can be called for any emergency.
Car Rental Indonesia provides a variety of high-quality services, including personal car rental, corporate car rental, and rental for groups and events. Their personal services are a daily rental personal car rental service. The types of vehicles available range from city cars and family cars to high-end cars of well-known brands and modern models. Serving routes within the city, between cities, and also across provinces.
As for their corporate car rental, these are daily rental cars or monthly contracts, specifically for companies, both private, public and government. Rental service for VIP shuttle services, government officials, etc. Rent Car Indonesia is renowned for its experience in serving VVIPs and large corporations.
The agency is best known for providing exceptional car rental services for groups and events. Rent Car Indonesia offers car rental services for tourist, small group, large group and event purposes with professional services and at affordable prices. There are different choices of the best big vehicles such as Hiace, Elf, and Bus.
About Rent Car Indonesia
Rent Car Indonesia is operated by car rental specialist Big Benjaya and was established in 2005. The company provides professional car rental services in Indonesia with trustworthy legality. They have the newest fleet with excellent conditions and friendly, experienced drivers. Many large corporations and government agencies trust Big Benjaya as they are experienced in serving large groups and events.
Media Contact Company Name: Car Rental Indonesia Contact person: Mr Agung E-mail:Send an email Call: +6281328888288 Country: Indonesia Website:https://rentcarindonesia.com/
Satya Nadella, CEO of Microsoft. (Photo by GeekWire file)
Will Microsoft’s forecast for its Azure cloud business exceed 40% growth?
It’s a way for Wall Street to use Microsoft’s quarterly report on Tuesday afternoon to gauge not just the company’s results, but also the future prospects of the broader enterprise tech economy. , according to an analyst.
“We believe that given the large storm clouds on the horizon, all attention will be [Microsoft CEO Satya] Nadella’s comments and advice regarding Azure’s growth heading into FY23, which we believe the line in the sand is north of 40% growth as a barometer for the street ahead approaching Fiscal 1Q,” Wedbush analyst Daniel Ives wrote in a July 21 note to clients.
Microsoft’s earnings report this week will cover the period ending June 30, the fourth quarter of its 2022 fiscal year.
By comparison, in its third fiscal quarter, Microsoft reported revenue growth of 46% in its Azure business and other cloud services, or 49% in constant currency (adjusted for exchange rate fluctuations). ).
For the company as a whole, analysts on average expect fourth-quarter revenue of $52.47 billion, up 14% year-over-year, and earnings of $2.30 per share, from $2.17 per share in same quarter last year.
Broader economic indicators: Microsoft’s report is one of the few that could set the tone for the coming weeks and months in the tech industry. Apple, Google and Amazon are also releasing their quarterly results this week. But Microsoft’s numbers often offer a clearer view of the outlook for technology spending by companies in particular.
Businesses around the world have become more cautious in their spending and hiring, preparing for the potential of an economic downturn. Selective job cuts are becoming commonplace in the tech industry.
Microsoft itself has been part of the trend. In recent weeks, the company has cut jobs and reduces its number of open positionsafter increasing the salaries of existing employees earlier in the year.
Microsoft stock fell 0.5% on Monday morning after Wells Fargo analysts cut their price target for the company, citing factors such as inflation, rising interest rates and a stronger dollar creating a difficult environment for exchange rates. Microsoft cut its forecast in June due to exchange rates.
In the enterprise networking sector, Bank of America analysts downgraded shares of a handful of companies that sell hardware devices, including Seattle’s F5, which reports earnings Monday afternoon. F5 has expanded its business into cloud and security software significantly in recent years.
Is the security sector booming? In other respects, Microsoft might prove to be an exception rather than an indicator. Its security technology business benefits from factors such as the White House directive on cybersecurity in January this year, JP Morgan analyst Mark Murphy said during a July 21 briefing on the company’s latest survey of Microsoft partners.
“Microsoft security software is really gaining momentum, the directive from the White House is really pushing people to move in that direction,” Murphy said, citing comments from Microsoft’s partners in the survey. “And I would encourage you to take a step back and keep in mind that these budgets are huge when you’re talking about the federal government.”
Microsoft last released numbers for its security technology business in the second quarter of its fiscal year 2022, saying security revenue exceeded $15 billion at that time, up nearly 45% from one year to the next.
Nadella outlined the security strategy at Microsoft’s Inspire partner conference last week, saying the company is able to save customers more than 60% on average when they consolidate their security business with Microsoft at from several suppliers.
First Bancorp Inc ME fell shares of Microsoft Co. (NASDAQ:MSFT – Get Score) 3.9% in the first quarter, Holdings Channel reported. The agency held 12,535 shares of big software inventory after selling 503 shares in the quarter. Microsoft accounts for about 3.5% of First Bancorp Inc ME’s funding portfolio, making the inventory the sixth largest holding. First Bancorp Inc ME’s shares in Microsoft were worth $3,864,000 at the end of the last reporting interval.
Many other institutional buyers and hedge funds have also recently changed their holdings in the company. Joseph Group Capital Administration acquired a brand new spot in Microsoft for approximately $1,535,000 during the fourth quarter. Shore Level Advisors LLC bought a new spot in Microsoft inventory worth about $40,000 during the fourth quarter. Macroview Financing Administration LLC purchased new market value of approximately $62,000 in inventory from Microsoft during the fourth quarter. Artemis Wealth Advisors LLC bought a brand new spot in Microsoft stocks worth about $68,000 during the first quarter. Finally, Evolution Advisers Inc. purchased approximately $84,000 new worth of inventory from Microsoft during the fourth quarter. 69.99% of inventory is held by institutional buyers and hedge funds.
Wall Road analysts’ development forecasts
A number of inventory analysts have recently commented on MSFT shares. Jefferies Monetary Group lowered its target value at Microsoft from $325.00 to $320.00 in a report released Monday, June 13. Stifel Nicolaus lowered his target value at Microsoft from $350.00 to $320.00 in a Thursday, June 2 report. Goldman Sachs Group set a target value for Microsoft of $365.00 in a report released on Wednesday, April 27. Evercore ISI lowered its value target at Microsoft from $370.00 to $330.00 and set an “in-line” score for inventory in a report released Wednesday, April 27. Finally, Deutsche Financial Rese bank set a value target of $350.00 for Microsoft in a report released on Monday, July 18. One inventory analysis analyst rated inventory with a hold score, and thirty-one rated company inventory with a buy score. According to MarketBeat, Microsoft currently has an “average buy” consensus score and a consensus price target of $346.52.
Microsoft inventory down 1.7%
NASDAQ MSFT opened Friday at $260.36. Microsoft Co. 12-month low of $241.51 and 12-month high of $349.67. The company’s 50-day easy-change average is $260.39 and its 200-day easy-change average is $283.19. The company has a market capitalization of $1.95 trillion, a P/E ratio of 27.18, a PEG ratio of 2.05 and a beta of 0.93. The company’s debt-to-equity ratio is 0.30, the current ratio is 1.99, and the quick ratio is 1.95. Microsoft (NASDAQ:MSFT – Get Score) presented its final results on Tuesday, April 26. The software reported EPS of $2.22 for the quarter, beating the consensus estimate of $2.18 by $0.04. Microsoft had an internet margin of 37.63% and a return on equity of 44.85%. The company generated $49.36 billion in revenue during the quarter, versus $49.05 billion expected by analysts. For a similar period last year, the company reported earnings of $1.95 per share. The company’s revenue for the quarter increased 18.4% year over year. Equity analysis analysts expect Microsoft Co. to report 9.27 earnings per share for the current 12-month fiscal year.
A petition campaign launched by Edgartown restaurant owner Christian Thornton is asking the Steamship Authority to add a late-night Steamship Authority ferry during peak tourist season so the island can attract hospitality workers off the island ‘island.
Sunday morning, less than 24 hours after its launch, the petition already had more than 100 signatures.
“All over Martha’s Vineyard, hotel and restaurant owners will tell you that the island’s housing shortage is forcing an endless escalation in cost and effort to house their staff,” wrote Thornton, owner of the upscale restaurant. Atria range in Edgartown. .
While in a later comment, Thornton appears to believe the petition will automatically trigger the need for a public hearing. That’s not the case, according to SSA spokesman Sean Driscoll, in response to a question about whether a hearing into the matter would be automatic. In a text message to The Times, he wrote: “It must be within 30 days of the schedules being published, it must be residents of a port community, it must be delivered to us, etc.
According to the petition, the lack of affordable housing on the island due to the short-term rental market has forced restaurant and hotel owners to buy housing for their staff.
Over the past two years, with the surging housing market on the island, the median home price has gone from $800,000 to $1.2 million. This spurred renewed interest in more affordable housing and labor on the island, resulting in a housing bank winning a landslide victory in town halls and municipal elections. The Housing Bank still needs legislative approval, which remains a joker.
“If the Steamship Authority offered a ship to Woods Hole from the island each evening after 11:30 p.m., these companies would have the opportunity to employ both Islanders and Mainlanders who could fill vacancies on the Island and commute between Woods Hole like so many commuters across the United States,” the petition reads. “The Steamship Authority currently offers an opportunity in its schedule that effectively serves as a passageway for people in the construction and building trades who live off the island and commute to MV for work every day.”
The petition cites Martha’s Vineyard Commission research showing that hospitality and tourism workers make up the largest percentage of vineyard workers. “The hospitality industry is currently underserved by the Steamship timetable which ends at 9:30 p.m. each evening. It is therefore clear that the tourist element of the economy could see significant benefits if businesses on the island could have cost-effective access to a larger pool of potential workers residing in Cape Town,” the petition reads.
The petition mechanism has been used frequently by residents of Woods Hole to question the need for freight boats at 5.30am. Despite their efforts to have the SSA eliminate these early morning crossings, the SSA firmly maintained that they were necessary to deliver cargo to the island.
“The Steamship has, in its power, the ability to dramatically improve the lives and reduce the cost of living for islanders around the world by doing its part to reduce the need for accommodation for hospitality industry employees on the island, which will create many potential accommodations. inventory for Vineyard families to stay in their winter homes,” the petition reads. “We call on the Steamship Authority to serve the island we live on, to raise our families and to serve with passion every day. The SSA must do its part to sustain most of the island’s economy and add one nightly pass from Martha’s Vineyard to Woods Hole, MA after 11 p.m. for hospitality workers from Memorial Day through Labor Day each summer…”
You can spend as much or as little as you want in Crete. At the budget end of the spectrum, you’re helped by the size and popularity of the island, which means the options are plentiful.
With a little planning and shopping, you can get great deals on transportation and accommodation. Once there, buses offer affordable transport, while the most interesting towns and beaches are best explored on foot. If you need a car, there are also ways to beat those high rental prices.
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Eat like a local and buy the much-vaunted excellent Cretan produce and foods for self-prepared meals and picnics. And if you still need more inspiration, most of the ornate and historic churches are free.
Decide between the ferry and a plane to Crete
If you come to Crete from Athens, there are many fast ferries to Iraklio and Hania in the summer. From November to April, there is at best one boat per day on these routes. Trips last 9-12 hours and tickets can cost well under €50 – more if you want a cabin for an overnight trip.
Alternatively, you can fly from Athens for less than €100. How you get to Crete will ultimately be a decision between cost and time. Ferries are easier than flying, and some people like to lounge on the deck and linger over cafeteria-style meals.
Where the ferries offer a real advantage are the journeys between Crete and the other islands. From late April to October, a network of routes – mainly from Iraklio – radiates across the Aegean Sea. You can be in Santorini (Thira) in just two hours and for less than €70. Airfares for flights to other islands such as Rhodes are priced to reflect the convenience offered as opposed to the attractiveness of punters.
Find a cheap flight
Neither of Crete’s two airports at Iraklio and Hania is significantly cheaper for flights than the other. Instead, decide which one is right for you based on where you are going on the island.
Iraklio has more flights than Hania, especially those from all over Europe. Fares to Crete are cheapest in summer when options are plentiful. But be sure to book as early as possible as flights fill up, especially in July and August, the peak months for tourism. Conversely, the number of flights to the island drops in winter, so don’t expect to find any bargains at that time.
Packages for traveling to Crete in high season are competitively priced compared to other sunny Mediterranean resorts. But given the volume of summer travel, there are few real bargains.
The best time to save money when traveling to Crete is the shoulder season, which runs from April to June, and from September to October. During these months the weather is warm and sunny and almost all tourism related businesses like hotels are open. Still, with fewer visitors than in July and August, prices are designed to draw people to the island.
It’s always worth shopping around for bargains during the shoulder season months.
Look beyond the obvious to save money on hosting
Crete is full of hotels and resorts with stunning ocean views, but you’ll pay for the fun. In beach resorts, look for apartments and small hotels set back from the beach. This 10-minute walk can save you a lot of euros every day. Popular towns like Hania and Rethymno have excellent hostels.
And think of offbeat destinations like mountain villages like Spili where lovely single double rooms can be had for €50. Look for off-the-beaten-track beaches such as fabulous Falasarna, where hotel prices still reflect its less-visited status.
Scroll past the obvious choices on sites like Airbnb and booking.com for small family accommodations. You will not only be rewarded with cheaper prices, but also with a warmer welcome.
Due to the scorching heat and scorching sun in summer, camping is not a popular option in Crete (and in winter it is windy, cold and rainy).
Take the bus
From April to October you can get almost everywhere in Crete with the public buses. Two websites provide timetable and fare information: one West Cretewith one service centered on the large city of Hania, while the other covers services in central and eastern Cretewith a service centered on the capital of Iraklio.
On busy roads such as those linking the main towns on the north coast, there is frequent bus service all year round. Service in the mountains and more remote beaches can be infrequent, even in summer, so it’s worth spending some time checking timetables to plan your trips.
Buses are air-conditioned and most have free Wi-Fi – fares are usually around €10.
Consider your car rental strategies
Renting a car in Crete is a bit like renting a car anywhere else in the world these days: expensive. But if you’re strategic, you can still enjoy the freedom of your own wheels, without breaking your budget.
Look for packages that include a rental car with accommodation. These types of deals can offer the best savings for your combined room and car budget if you want your own wheels for your entire visit. If you book your car separately, start your search as far in advance as possible. Last minute deals are rare.
Consider sharing your rental car with as many people as possible. For example, the bus fare from Hania to the beautiful Elafonisi beach is €11 each way. For four people, it’s €88 for a day trip, which can rival the price of a cheap rental.
You can wait and only rent a car when the freedom really matters, like when exploring mountain villages or visiting the Iraklio wine region. Ask your accommodation for local car rental sources. You may find that the owner has a cousin willing to cut a deal for a car that would otherwise sit empty for a day.
Eat like a Cretan
The easiest way to find good, inexpensive meals? Ask a local! People in low-paying summer jobs all need to eat, and are often happy to share their off-the-beaten-path souvlaki stands, fragrant bakeries, and budget cafes.
No matter how popular and touristy a town is, a stroll down the back streets away from the waterfront or flower-lined plazas will often yield excellent options for a meal.
Each town has a market – often daily – where Cretan’s superb produce and prepared meals are sold. It’s the best way to enjoy the island’s famous local dishes (even the olive oil is divine) and just browsing the vendors’ stalls and offerings is a water-watering delight. stuffy.
Since some of the best value accommodation often includes self-catering kitchens, you are well equipped to prepare your Cretan treats. With or without kitchen equipment, fridges are common in rooms, so you can at least have some nice picnics before heading out for the day.
Be independent on the beach
It’s easy to hire a parasol and sun lounger on almost all of Crete’s beautiful beaches, but it can cost €10 or more per day. In summer, the busiest beaches are crowded with umbrellas and well-oiled bodies packed like sardines. Instead of joining all the other sun worshipers, bring a few beach towels – one for lying on, one for your head – and get away from the crowds. On almost every beach, just a 10 minute walk away, you will find plenty of sandy terrain to suit you.
Some beaches such as Vai and Preveli have native palm trees which not only provide shade but a unique tropical vibe.
Beach days are also the best time to enjoy a picnic. Sure, enjoying a platter of fresh seafood at a waterfront taverna is part of vacation dreams, but you’ll pay for the convenience.
Strolling through the evocative, charming and historic alleys and alleys of the old towns of Hania and Rethymno costs nothing and can be the highlight of your trip. The same goes for all the other villages, both on the coast and in the mountains.
Many beaches have walking and hiking trails that take you to secluded, uncrowded beaches or archaeological sites. Two examples are Falasama and Kato Zakros. In fact, you will find hiking trails almost everywhere you cross Crete.
Daily costs
Here are the prices of common goods and services in Crete:
– Hostel bed 12-15 €
– Basic room for two 45-60 €
– Independent apartment 50-150 €
– Bus ticket 2-15 €
– Coffee 2-4 €
– Souvlaki sandwich 6€
– Dinner for two 30-100 € or more
– Beer/pint at the bar 5€
– Tray of anthoi (stuffed zucchini flowers) from €10
LONDON (AP) — The growing epidemic of monkeypox in more than 70 countries is an “extraordinary” situation that qualifies as a global emergency, the head of the World Health Organization said Saturday, a statement that could spur further new investments in treating the once rare disease and worsening the rush for rare vaccines.
A global emergency is WHO’s highest level of alert, but the designation does not necessarily mean that a disease is particularly communicable or deadly. Similar statements were made for the 2016 Zika virus in Latin America and ongoing efforts to eradicate polio, in addition to the COVID-19 pandemic and the 2014 Ebola outbreak in West Africa. .
WHO Director-General Tedros Adhanom Ghebreyesus has taken the decision to call monkeypox a global emergency despite a lack of consensus among experts on the UN health agency’s emergency committee, saying that he had acted as “a tie-breaker”. It was the first time that a head of a United Nations health agency unilaterally made such a decision without the recommendation of an expert.
“We have an epidemic that has spread rapidly around the world through new modes of transmission, of which we understand too little,” Tedros said. “I know it hasn’t been an easy or straightforward process and there are differing views.”
WHO emergencies chief Dr Michael Ryan said the director-general had declared monkeypox a global emergency to ensure the world takes the current outbreaks seriously.
Although monkeypox has been established in parts of West and Central Africa for decades, it was not known to trigger large epidemics beyond the continent or to spread widely among people until in May, when authorities detected dozens of outbreaks in Europe, North America and elsewhere.
Last month, the WHO’s expert committee declared the monkeypox outbreak not yet an international emergency, but the group met this week to reassess the situation.
According to the US Centers for Disease Control and Prevention, more than 16,000 cases of monkeypox have been reported in 74 countries since around May. To date, deaths from monkeypox have only been reported in Africa, where a more dangerous version of the virus is spreading, primarily in Nigeria and Congo.
In Africa, monkeypox is mainly spread to humans by infected wild animals such as rodents in limited outbreaks that have generally not crossed borders. In Europe, North America and elsewhere, however, monkeypox is spreading among people unrelated to animals or who have recently traveled to Africa.
The WHO’s leading expert on monkeypox, Dr Rosamund Lewis, said this week that 99% of all monkeypox cases beyond Africa are in men and that of those, 98% involved men who have sex with men. Experts suspect monkeypox outbreaks in Europe and North America spread sexually at two raves in Belgium and Spain.
“While I am declaring a public health emergency of international concern at this time, this is an outbreak that is concentrated among men who have sex with men, particularly those who have multiple sex partners,” he said. Tedros said. “It means this is an epidemic that can be stopped with the right strategies.”
Britain recently downgraded its assessment of monkeypox after seeing no signs of widespread transmission beyond gay, bisexual or men who have sex with men and noting that the disease does not spread easily or does not cause serious illness.
The US Centers for Disease Control and Prevention said it “supports” the WHO’s emergency declaration and hopes it will galvanize international action to eradicate outbreaks. The United States has reported more than 2,800 cases of monkeypox and sent more than 370,000 doses of vaccine to US states reporting cases.
Some experts have questioned whether such a statement would help, arguing that the disease is not serious enough to warrant attention and that wealthy countries battling monkeypox already have the funds to do so. Most people recover without needing medical attention, although the lesions can be painful.
Michael Head, senior researcher in global health at the University of Southampton, said the WHO’s emergency declaration could help donors like the World Bank make funds available to stop outbreaks both in the West and in Africa.
In the United States, some experts have speculated that monkeypox may be on the verge of becoming an entrenched sexually transmitted disease in the country, like gonorrhea, herpes and HIV.
“The bottom line is that we have seen a change in the epidemiology of monkeypox where there is now widespread and unexpected transmission,” said Dr. Albert Ko, professor of public health and epidemiology at Yale University. . “There are genetic mutations in the virus that suggest why this may be happening, but we need a globally coordinated response to bring it under control.”
Ko called for an immediate scaling up of testing, saying there are significant gaps in surveillance.
“The cases we are seeing are just the tip of the iceberg,” he said. “The window has probably closed for us to quickly stop epidemics in Europe and the United States, but it is not too late to prevent monkeypox from causing enormous damage to poorer countries without the resources to deal.”
The WHO’s Tedros called on the world to “act together in solidarity” regarding the distribution of treatments, tests and vaccines. for monkeypox. The UN agency has previously said it was working to create a vaccine-sharing mechanism for the worst-affected countries, but gave few details on how it might work. Unlike the many companies that have made the COVID-19 vaccines, there is only one manufacturer of the vaccine used against monkeypox, Denmark’s Bavarian Nordic.
Dr Placide Mbala, a virologist who heads the global health department at Congo’s National Institute for Biomedical Research, said he hoped all global efforts to stop monkeypox would be equitable. Although countries like Britain, Canada, Germany and the United States have ordered millions of doses of monkeypox vaccine, none have gone to Africa.
“The solution must be global,” Mbala said, adding that any vaccine sent to Africa would be used to target those most at risk, such as hunters in rural areas.
“Vaccination in the West might help stop the outbreak there, but there will still be cases in Africa,” he said. “Unless the problem is resolved here, the risk to the rest of the world will remain.”
___
Jamey Keaten in Geneva and Mike Stobbe in New York contributed to this report.
JThis year has been unforgettable for the investment community. Since hitting their respective closing highs between November and January, the timeless Dow Jones Industrial Averagewide seat S&P500and dependent on growth Nasdaq Compound(NASDAQ INDEX: ^IXIC), lost up to 19%, 24% and 34% of their value. This firmly entrenches the S&P 500 and the Nasdaq in a bear market.
Although major index declines can be frightening and test investors’ resolve, decades of history show that bear markets are the perfect time for patient investors to shop. Indeed, every major decline in major indexes, including the Nasdaq, was eventually erased by a bull market.
Image source: Getty Images.
This is a particularly good time to consider putting your money to work in innovative growth stocks. Companies that have the ability to change the world or disrupt their existing industries are the types of companies that can make patient investors much richer over time.
Below are five amazing growth stocks you’ll regret not buying during this Nasdaq bear market decline.
Selling power
The first remarkable growth stock you’ll blame yourself for not buying during the Nasdaq bear market decline is the cloud-based customer relationship management (CRM) software provider. Selling power(NYSE: CRM). The company’s shares have been cut nearly in half since hitting an all-time high in November.
Without getting too technical, CRM software is used by consumer-facing businesses to improve existing customer relationships and boost sales. While this is an obvious opportunity for service businesses, CRM software is increasingly finding its way into unexpected sectors, such as manufacturing, finance and healthcare.
What makes Salesforce so intriguing is its dominance of this opportunity for sustained double-digit growth. According to an IDC report, Salesforce has been the world’s leading provider of CRM solutions for nine consecutive years and has significantly increased its share of total CRM spend over the past five years. In 2021, Salesforce accounted for nearly 24% of global CRM software spending, more than four times as much as its nearest competitor.
Salesforce’s long-term outperformance is also a reflection of co-CEO and co-founder Marc Benioff overseeing a number of earnings-accelerating acquisitions. Buying companies like MuleSoft, Tableau Software, and Slack Technologies has expanded the Salesforce ecosystem and given the company plenty of reason to sell its highest-paying solutions.
Palantir Technologies
A second amazing growth stock that would be wise to buy as the Nasdaq plunges into bear market territory is the mining specialist Palantir Technologies(NYSE: PLTR). Shares of Palantir have slipped 80% below their all-time intraday high, which was set in early 2021.
Palantir’s growth story essentially boils down to the company’s two primary operating platforms: Gotham and Foundry. Gotham is the company’s artificial intelligence (AI)-based platform for federal governments. It helps with mission planning and data aggregation. Meanwhile, Foundry reaches out to enterprise customers and helps them streamline their operations by making sense of large amounts of data.
The really intriguing thing about Palantir is that there’s simply no replacement for what the company can deliver at scale. This lack of competition and software innovation should allow Palantir to continue to grow its revenue by 25-30% per year.
Additionally, Palantir has an exceptionally long growth track when it comes to Foundry. While Gotham’s opportunities are limited by national security issues (for example, Palantir would not offer its services to the Chinese government), Foundry is only tip of the iceberg in terms of Fortune 500 companies that it can make more effective.
Image source: Getty Images.
Assets received
Sometimes the most battered companies offer the best opportunities for long-term investors. Seems to be the case with the AI-based lending platform Assets received(NASDAQ: UPST)which has lost more than 90% of its value since hitting an all-time high last year.
For now, Wall Street is clearly concerned that higher interest rates will suppress lending activity and increase delinquency rates. This is obviously not good news for a company whose premise is to use AI to verify loans to financial institutions. But things are not as cut and dried as they might seem.
Prior to the recent interest rate hike, Upstart’s lending platform clearly demonstrated its benefits to lenders. About three-quarters of all loans were fully automated, saving time for applicants and money for lending institutions.
Equally important, relying on AI as opposed to traditional loan verification metrics has led to more applicants being approved. Although all of Upstart’s loan approvals had a lower average credit score than the traditional loan verification process, the delinquency rate was similar. In other words, Upstart’s lending platform accurately predicted lending risk and expanded the potential pool of candidates for banks and credit unions.
With plenty of opportunities to expand its AI lending platform into car loans, mortgages, and small business loans, Upstart’s growth appears to be in its infancy.
Ping Identity Holdings
A fourth obvious growth stock that would be perfect to buy during the Nasdaq bear market decline is the small-cap cyber security stock. Ping Identity Holdings (NYSE: PING). Ping shares are down about 50% since the start of 2021.
The beauty of cybersecurity actions is that they provide a service that has become a basic necessity. A recession or a bear market won’t stop hackers and bots from trying to steal consumer and business data. This means that the demand for cybersecurity solutions is stronger than ever, especially in the wake of the pandemic.
As the name suggests, Ping primarily focuses on identity verification. The company’s PingOne Intelligent Cloud platform is designed to work with on-premises security solutions to continuously assess, verify and authorize users.
What makes Ping Identity such an exciting growth story is the company’s shift from term-licensed subscriptions to a software subscription-as-a-service (SaaS) model. SaaS models typically result in lower customer churn and more predictable operating cash flow over time. As this shift to SaaS accelerates and annual recurring revenue grows, Ping should see sales growth accelerate rapidly.
Amazon
A fifth and final stunning growth stock you’ll regret not buying during the Nasdaq bear market decline is the kingpin of e-commerce. Amazon(NASDAQ: AMZN). Amazon shares are down nearly 40% from their intraday record high.
Most people know Amazon because of its leading online marketplace. A March report from eMarketer predicted that Amazon would bring in 39.5% of all U.S. online retail revenue in 2022. For comparison, the 14 closest competitors are expected to control 31% of sales. online retail in the United States this year, on a combinedbase.
However, it’s not overall online retail revenue that’s really driving Amazon’s growth. For starters, the company’s subscription services play a key role in expanding its sales and profits. Amazon’s online market dominance has resulted in more than 200 million people signing up for a Prime membership. The annual fee collected from Prime members allows Amazon to invest in its logistics network and reduce prices from physical retailers.
Even bigger is cloud infrastructure service provider Amazon Web Services (AWS). Even though AWS traditionally accounts for only about one-eighth of the company’s net sales, it is often Amazon’s biggest provider of operating revenue. Indeed, cloud operating margins outperform online retail operating margins. AWS, subscription services and advertising are all key for Amazon to potentially triple its annual operating cash flow over the next five years.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a board member of The Motley Fool. Sean Williams holds positions at Amazon and Ping Identity Holding Corp. The Motley Fool holds and recommends Amazon, Palantir Technologies Inc., Salesforce, Inc., and Upstart Holdings, Inc. The Motley Fool recommends Nasdaq. The Motley Fool has a disclosure policy.
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There’s no denying that Gympie is in the throes of a rent crunch and this situation is likely to get worse as interest rates rise.
A new analysis of rental vacancy rates by housing advocacy Everybody’s Home shows that renters living in regional centers across the Sunshine State are vulnerable to rent increases.
Gympie is included in South Queensland figures as one of the five areas most affected by the state’s rental crisis and is showing rental vacancy rates well below 1% as rents have risen dramatically.
South Queensland is reported to have 29,208 rental properties with a vacancy rate of 0.38%, a median annual increase in rental costs of 9.8% to $334 on average, but with just 110 vacant properties across the region .
Everybody’s Home spokeswoman Kate Colvin said with mortgage interest rates doubling, many homeowners would seek to pass on the cost.
“Tenants are going through a very difficult time as landlords take advantage of historically low vacancy rates to pass on rising interest rates to their tenants.”
“After a decade of inaction on social and affordable housing from the previous Commonwealth government, we really are in for a perfect storm. Options are limited for people who cannot afford to buy but want to stay in their local community.
“Just because you’re a tenant doesn’t mean you’re not deeply rooted in a community,” she said.
“Tenants with low and modest incomes work in convenience stores and elderly care services. They have children in local schools, are members of sports clubs and attend local churches. They deserve the same stability as everyone else.
“We need to start planning for more social and affordable homes now. A decline in housing starts is forecast for next year, and this is a great opportunity for the government to step in and take over the industry.
“The bitter fruit of a decade of housing neglect is with us now and is being unfairly imposed on low-income tenants. This problem will only get worse if we do not act.
The Queensland Audit Office released its report on social housing service delivery on July 12, to which Communities and Housing Minister Leeanne Enoch responded, saying her department had accepted the report’s 8 recommendations.
“We have a private rental market which is becoming increasingly competitive, and Queenslanders face an increasing challenge in accessing safe and affordable housing,” Ms Enoch said.
“This is compounded by pressure on the construction industry for skilled trades and supplies, interstate migration and recent natural disasters.
“Covid has helped shine a light on the complexity of the needs of vulnerable Queenslanders and where the register can best meet them.
“The department has taken swift and decisive action that addresses the recommendations contained in the report.
“In May of last year, the department began the process of contacting all applicants on the public housing registry.
“In fact, they surveyed 98% of households, and what they found was that 21% were unreachable, no longer eligible or no longer in need of social housing.
“In March of this year, the department also implemented a consistent statewide process to identify, approve and log priority requests,” she said.
Highland Park, Ill. – With a goal and a vision to revolutionize the world of chauffeur services, Fly Limo Service decided to make limo rental an easier and more enjoyable experience for everyone by simplifying its booking and booking process. The company has become the preferred choice of individuals and businesses for its ability to provide stress-free airport car service and a chauffeur-driven driving experience with superior service tailored to every trip. Whether clients need to adhere to a strict corporate schedule or want to travel to the airport or a sporting event, the corporate team will provide a highly competitive package that meets their needs.
“Whether you’re celebrating an event, having fun, dining out, transporting attendees to a corporate meeting, or just need a ride to the airport, we have the perfect vehicle that meets your travel needs.” Noted the representative of the company.
Under the able leadership of Chris Dinescu, this company is undoubtedly a star in limo car rentals and all that goes with it. Chris oversees a group of professional and knowledgeable drivers who have years of experience as regular taxi and limousine drivers. These drivers are courteous and able to provide the best, most comfortable and safest chauffeur service to all of their customers. Additionally, all of their drivers are highly experienced, alert, polite, reliable and have clean track records on the road.
At Fly Limo Service, customers are always presented with a variety of options and are free to choose the perfect ride that suits their travel needs. Available on their fleet are now premium SUVs; Lincoln – Navigator with the capacity to carry six passengers and six pieces of luggage. With their skilled onboard drivers and professional limousine services, every trip is a prestigious ride. Their cars are brand new, spacious and extravagantly luxurious.
Fly Limo Service takes great pride in being a one-stop mobility provider for cars in good condition, guaranteeing performance, safety and cleanliness. Child seats, GPS and payment cards are all available on request. In addition, the company pays particular attention to cleaning the vehicle with effective disinfectants against pathogens like the coronavirus before and after each rental. Their prices vary and depend on the length of the rental, demand and type of car, among other considerations.
Fly Limo Service dedicates its success in the industry to its friendly and super reliable staff who are dedicated to providing exemplary service limousine service that goes beyond customer satisfaction. It shows in their commitment to renting the fastest, easiest and cleanest vehicles at the most economical prices.
For more information about their services or to make a reservation, or for any other questions, visit the company’s website or call +13127315864. Fly Limo Service has its office located in Highland Park, IL, 60035, US.
Media Contact
Company Name Fly Limo Service Contact Name Chris Dinescu Call +13127315864 Town Highland Park State HE Postal code 60035 Country United States Website https://www.flylimoservice.com/
With the outbreak of the COVID-19 pandemic, the Central Bank of Sri Lanka (CBSL) has introduced several concessional schemes since March 2020, to assist affected borrowers. These concessions include concessional debt moratoriums, loan restructuring/rescheduling, suspension of recovery actions, low-cost working capital loans, and waivers of fees and charges for certain banking transactions.
These concessions were granted to individuals, including private sector employees and small and medium-sized enterprises (SMEs) and other businesses engaged in tourism, transportation, manufacturing, services, agriculture, construction , clothing, IT and related logistics services. Thus, the last phase of the moratorium granted to borrowers affected by COVID-19 ended on 31.12.2021, while the last phase of the moratorium granted to the tourism sector ended on 30.06.2022. In the meantime, CBSL has instructed licensed banks to set up post COVID-19 recovery units in licensed banks to identify and assist underperforming and non-performing borrowers affected by the pandemic with the aim revive viable businesses with the potential to contribute to national economic growth, thus facilitating the end of the moratorium in a sustainable manner. In view of the current macroeconomic challenges and the demands made by several stakeholders, including government institutions, CBSL has requested licensed banks to grant appropriate concessions, for a period of six months, to borrowers whose incomes or businesses have been affected due to the current macroeconomic and economic situation. / or due to the COVID-19 pandemic while avoiding undue pressure on the stability of the banking sector. These concessions are granted on a case-by-case basis depending on the individuals’ future repayment capacity and the viability of the businesses/projects. The main features of concessions are summarized below.
a. Concessions for performing credit facilities: Borrowers may benefit from appropriate concessions (i.e., grace periods for principal or interest or both principal and interest or part of the principal or interest, restructuring of credit facilities or any other concession) for a period of six months.
b. Concessions for non-performing credit facilities: Borrowers can request rescheduling of existing non-performing credit facilities over a longer period. In addition, licensed banks are advised to suspend recovery actions against credit facilities classified as non-performing after 01.01.2020. Rice SMEs benefit from additional concessions subject to conditions. vs. However, these concessions are not available for willful defaulters, defaults due to embezzlement, misuse of funds, mismanagement and/or fraud, and unviable projects. D. Repayment plans: For regular installment loans, the new installment amount must not exceed the contractual value of the existing loan installment. In the case of other credit facilities, the approved bank and the borrowers must mutually agree on an appropriate repayment plan. e. Interest rate applicable to the amount for the concession period: in the case of credit facilities in rupees, the interest rate to be applied on the amount for the concession period must not exceed the last interest rate contracted ( that is to say, in the case of variable interest credit facilities, the last interest rate revised on 07.07.2022 or, in the case of fixed rate credit facilities, the interest rate agreed on the time the facility was granted) or the current rate of the standing loan facility (i.e. 15.5%), whichever is greater. For foreign currency facilities, the approved bank and the borrowers must agree on the interest rate. F. Possibility of prepaying loans without additional costs: Approved banks have been asked to consider, on a case-by-case basis, requests made by borrowers to prepay their credit facilities without paying additional costs. In the case of finance lease facilities, future interest recovery will also be waived. Borrowers who intend to avail themselves of the prepayment options must apply to the bank no later than 30.09.2022. g. Approved banks have been instructed not to deny new loan applications from eligible borrowers under this program solely on the basis of unfavorable CRIB records. h. Request for concessions: the borrowers concerned are requested to request the above concessions no later than 31.07.2022, in writing or electronically. Applicants will be duly informed of the decision of the respective authorized bank within one month of receipt of the application. In the case of a rejected application, the authorized bank must inform the applicant of the reasons for the rejection and the possibility of appealing the rejection to the Director of the Consumer Financial Relations Department of the Central Bank of Sri Lanka.
Licensed banks and borrowers should collaborate in the implementation and use of these concessions during these trying times to ease the stress on individuals and ensure the sustainability of businesses that should meet the current challenges and support the economic recovery.
Further details on the COVID-19 Recovery Units and the concessions available to affected borrowers can be obtained from Circular No. 1 of 2022 on Guidelines for the Establishment of Post COVID-19 Recovery Units in authorized banks and Circular No. 2 of 2022 on concessions to affected persons. Borrowers amid the prevailing extraordinary macroeconomic circumstances, respectively, accessible via the following links:
DETROIT (AP) — Tesla’s second-quarter profit fell 32% from record first-quarter levels as supply chain issues and pandemic lockdowns in China slowed production of its electric vehicles.
But the Austin, Texas-based company surprised analysts again on Wednesday with a better-than-expected net profit of $2.26 billion for the quarter. Tesla stuck to a forecast for annual vehicle sales growth of 50% over the next few years, but said that depends on supply chain, equipment capacity and other issues.
The company made a record $3.32 billion in the first quarter of this year.
Tesla’s April-June sales fell to 254,000 vehicles, their lowest quarterly level since last fall. But the company predicted record second-half production and said June saw the highest production month in its history.
Industry analysts had expected lower profits after falling sales figures and CEO Elon Musk’s tweets about laying off 10% of the company’s workforce over fears of a recession. In an interview, Musk described the new factories in Austin and Berlin as “money furnaces” that were losing billions of dollars because supply chain breakdowns limited the number of cars they could produce.
But Tesla beat Wall Street expectations from April to June with adjusted earnings of $2.27 per share. Analysts polled by FactSet had expected $1.81. Revenue was $16.93 billion, beating estimates of $16.54 billion.
Edward Jones analyst Jeff Windau said earnings were better than expected. He noted that lower automotive revenue from the first quarter was offset by better performance from energy storage, solar and services.
Musk reiterated the forecast for annual vehicle sales growth of 50%, but said much depends on circumstances the company may not be able to control.
Windau said the forecast “shows the confidence they have in their ability to grow the electric vehicle market.”
Tesla shares rose 1.5% to $753.40 in extended trading on Wednesday.
The company said it converted 75% of its bitcoin investment into government currency during the quarter, adding $936 million in cash to its balance sheet. It spent $1.5 billion on the investment last year. Overall, it recorded a cost of $106 million for bitcoin, plus additional costs for employee cuts.
CEO Elon Musk said bitcoin holdings were sold to raise funds due to uncertainty over the duration of pandemic lockdowns in China. He said Tesla was open to increasing bitcoin holdings in the future.
Bitcoin price has fallen by around 50% so far this year.
Musk also said Tesla sees indications that inflation may decline as prices for most commodities fall. He cautioned against economic forecasts, but said prices for commodities, such as steel and aluminum, were trending lower.
Musk said Tesla’s “Full Self-Driving” beta test software is set to be released before the end of this year for all North American customers who wish to purchase it. And with regulatory approval, it will be released in Europe and other parts of the world, he said. Despite its name, “Full Self-Driving” can’t drive on its own, and Tesla warns that drivers need to be careful all the time.
Chief Financial Officer Zachary Kirkhorn said the company is “maybe seeing a bit” of the impact on demand due to macro issues. Musk reiterated that Tesla has a vehicle supply problem, not a demand problem, and said it now takes six months to a year to get a new vehicle. He said the company has raised prices to “embarrassing levels” due to inflation, but he hopes to reduce prices a bit.
The Goods and Services Tax (GST) on residential projects could cause rents to drop slightly or stagnate, but the market would acclimate to the new tax dynamic, real estate experts predict. Residential rents were placed under the Goods and Services Act from July 18. GST will also be payable by tenants on a government reverse charge basis.
Will GST on rent affect expansion?
The new taxation could have a significant impact on business rents. Vivek Rathi, Research Director at Knight Frank India, said: “The recent decision by the GST Board to impose an 18% GST on residential properties let to GST registrants will have a significant impact on the rental property market in India.The decision may hamper the expansion of rental property in India by increasing the tax burden on companies that rent residential properties to be used as accommodation and guesthouses for their employees. the change harms GST-registered businesses and individuals, it has no effect on individuals whose rental transactions fall below the threshold required to be considered a GST-registered member.”
Which markets are likely to be affected?
With residential rental being an inherent demand, taxation may slow down but will not suppress the market for long. Piyush Bothra, Co-Founder and Chief Financial Officer of Square Yards, said: “The amendment to make residential accommodation subject to 18% GST from July 18 is a bold move and will have an impact on the demand for rental housing. That won’t matter because the biggest tenant market is among the salaried class, who aren’t affected by this change. This would have no impact on total spending by independent professionals and small business owners. However, it is important to note that residential rental is an inherent demand that will not vanish simply through higher taxation. There will certainly be a marginal decline or stagnation in rents and rental yields in major cities could moderate in the coming months as the market acclimatizes to the new tax-induced dynamics.
Who will be most affected, businesses or individuals?
Companies will probably be more affected by the new taxation than individuals. Vivek Jalan, Partner, Tax Connect Advisory, says: “This would have a significant impact on companies that rent guest houses or rent residential houses for the use of their employees or otherwise. According to the experience in such cases, the GST ITC on such rent paid by the businesses may be challenged by the GST Department based on Section 17(5)(g) of the CGST Act 2017 where the ITC of the GST paid for any service for personal consumption is blocked.
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HYANNIS — Staffing shortages have plagued early childhood education for years, but the housing crisis has pushed the pressure to new heights, said Cindy Horgan, executive director of Cape Cod’s Children Place.
Child care workers and early childhood educators occupy a middle ground where they earn too much money to qualify for most affordable housing programs, but not enough to afford market-rate housing .
As an example of this housing affordability gap, one of Horgan’s teachers spends 50% of her salary on rent.
“I use the phrase ‘white knuckling it.’ You know, “God, let’s hope nothing happens to the car,” Horgan said.
Lack of manpower means she has had to cut her hours. The Children’s Place now closes at 3 p.m., offering little flexibility when a teacher calls in sick or someone tests positive for COVID-19.
Rental help is on the way
A new effort by Housing Assistance Corp. targeting child care workers and those who work with people with developmental disabilities aims to provide a solution.
THRIVE – Tools for Housing Residents in a Vulnerable Economy – participants will receive a fixed grant ($450 per month for up to 24 months) paid to their landlords. They will also work with a housing counselor to set financial goals with the goal of reducing expenses and/or increasing household income.
The goal is to provide economic mobility, said HAC chief executive Alisa Magnotta.
“It helps them breathe a little bit into their budget and allows them to live with a little more peace, thoughtfulness and intentionality,” she said.
Centraide supports the housing program
Donors to Cape and Islands United Way’s Best Night event in late June pledged $75,000 during their ‘fund a need’ portion of their annual flagship event. He was immediately matched with $60,000 from the Cape and Islands United Way Ronald Reed Endowment Fund and $50,000 from the Bilezikian Family Foundation, according to a press release.
Support from United Way patrons, the Board of Trustees and the Bilezikian Family Foundation will help cover funding for THRIVE in its first year. Centraide’s board twinning comes from its Ronald Reed Endowment Fund. Reed was a longtime Cape Cod banker and philanthropist.
The second year of THRIVE will be primarily funded by a state-guaranteed ARPA grant Sens. Julian Cyr and Susan Moran.
THRIVE targets child care workers, those who serve people with disabilities
Eligible THRIVE recipients are Cape Cod households spend more than 30% of their income on rent; have a written lease or rental agreement; and live in a unity that is not subsidized by another program. Households have a member who is employed in one of THRIVE’s target industries (child care and disability services).
The program follows a pilot program last year in which participants learned how to reduce debt, open savings accounts, improve credit or create plans to eventually become homeowners. Eight companies were targeted in the pilot, with occupations including certified nursing aides, bank tellers, restaurant workers and child care workers.
Workers are a vital part of the community
With THRIVE, Magnotta said HAC decided to target child care workers and those who work with people with developmental disabilities because of the potential for the “multiplier effect.”
“I wouldn’t be where I am in my career without childcare – we depend on it so much and it’s such an important part of our lives and our community, it really touched me in a personal way,” she said.
Horgan, who has spread the word about the program to his colleagues, calls it “a blueprint for the future.”
“We have to be creative to meet that need,” she said. “Think outside the box, that’s the only answer.
Zane Razzaq writes about housing and real estate. Join her at [email protected]. Follow her on Twitter @zanerazz.
An African-American cultural preservation organization on Tuesday announcement that Emmett’s childhood home will be one of 33 sites and organizations across the country to receive part of $3 million in grants.
The grant money from the African-American Cultural Heritage Action Fund, an initiative of the National Trust for Historic Preservation, will go towards the preservation and protection of various places integral to black history. The African American Cultural Heritage Action Fund was launched in 2017 with the goal of “elevating and preserving the stories and places of African American resilience, activism and achievement,” said Fund executive director Brent Leggs told CNN on Tuesday.
Leggs, who is also senior vice president of the National Trust for Historic Preservation, said the 2022 selection of grant recipients highlights the beauty and complexity of black culture and history in America.
“This year, we wanted to make sure we balance public memory and not just showcase places associated with a painful past, but uplifting stories of arts, culture, entrepreneurship and achievement that are fundamental to the nation. herself,” Leggs said.
This is the fifth year that the fund has awarded national grants to places symbolizing important aspects of black history, with new sites being selected each year. This year, Leggs said the $3 million encompasses grants ranging from $50,000 to $150,000 going to different locations based on the fund’s four funding categories: building capital, increasing organizational reach, planning for project and education and programming.
Here are some of the sites that will be preserved, how much funding they have received, and the stories behind their cultural significance.
Grandma Till Mobley and Emmett Till’s house
Money allocated: $150,000
In the years leading up to the gruesome murder of her son that spurred the civil rights movement in America, Grandma Till Mobley and Emmett lived in a two-story Victorian house in the South Side Woodlawn neighborhood of Chicago.
After Emmett’s death, Till Mobley continued to live in the house until 1962, working to honor his only son’s legacy while dedicating his life to advancing civil rights.
Last year, the house, built in 1895, was granted landmark status by the Chicago City Council.
The grant will focus on creating a project manager position focused on programming and heritage projects, including repairing the interior of the house to look like it did in 1955, when Emmett lived there for the last time.
The birthplace of bebop jazz
Money allocated: $100,000
The Blue Bird Inn in Detroit served as institute of black musicians who have been integral to the development of modern music around the world. Opened in 1937, “The Bird” featured live music and was a haven for Detroit’s black community who lived in a deeply segregated city after World War II.
Performers at the historic site included renowned jazz artists such as Miles Davis, John Coltrane and Sarah Vaughan.
In 2020, the site was officially named a historic district of the city of Detroit.
As part of the grant project, the Blue Bird will undergo a series of interior rehabilitation projects with the goal of once again serving as an archive, music venue and gathering space for the Detroit community.
A black-owned bank that served as a ‘symbol of progress’
Money allocated: $94,000
The Mound Bayou Bank of 1904 represented the entrepreneurial spirit and business enterprise of Jackson, the prosperous black community in Mississippi. Founded by Charles Banks, described by Booker T. Washington as “the most influential black businessman in the United States”, the bank supported the economic development of Jackson’s black community.
The locally owned bank provided space for community members to purchase shares, meaning black residents could invest in their community.
The banks’ entrepreneurial efforts are said to have reversed the racism that dictated daily life in Mississippi in the 20th century.
The grant will be used for exterior rehabilitation aimed at consolidating the bank’s future as a museum and visitor centre.
The church where civil rights marchers met before Selma’s ‘Bloody Sunday’
Money allocated: $150,000
In 1965, civil rights organizers – including the late civil rights icon, Rep. John Lewis – met at Brown Chapel African Methodist Episcopal Church in preparation for a march from Selma, Alabama, to Montgomery , the state capital, to defend the right to vote. .
As protesters attempted to cross the Edmund Pettus Bridge in Selma, they were met by a group of state troopers who stood ready to attack and brutalize them. The defining civil rights moment known as “Bloody Sunday” was a catalyst for the Voting Rights Act of 1965.
Like other black churches of the time, the downtown church served as an organizing space for members of the black community to unite and work toward racial justice efforts during the civil rights movement.
The new funds will address water and termite damage as well as the replacement of some structural beams of the church cupolas.
A premier music venue for black musicians
Money allocated: $100,000
The Eldorado Ballroom was listed in The Green Book, a guide that helped black people navigate the country safely, as a “must see” site for African Americans in Houston, Texas.
Built in 1939, the ballroom has served as a retail space and concert hallhosting performances from music legends like James Brown and Ray Charles as well as jazz performances from local artists.
The ballroom announced himself as “Home of Happy Feet” to showcase its eccentric musical performances and large, crowded dance floor.
The grant project will repair and restore the ballroom windows on the first and second floors.
Teradata (NYSE: TDC – Get an Assessment) saw its price target reduced by Barclays from $42.00 to $36.00 in a research report sent to investors on Monday morning, reports The Fly. They currently have an underweight rating on shares of the technology company.
Several other stock analysts have also recently commented on TDC. Craig Hallum lowered his target price on Teradata shares from $65.00 to $57.00 in a Friday, May 6 report. StockNews.com downgraded Teradata shares from a strong buy rating to a buy rating in a Thursday, May 5 report. Two investment analysts gave the stock a sell rating, two gave the company a hold rating and seven gave the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $56.40.
Teradata stock down 1.0%
TDC opened at $36.74 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt ratio of 1.60. The company has a 50-day moving average price of $37.13 and a 200-day moving average price of $42.48. Teradata has a 12-month low of $33.38 and a 12-month high of $59.38. The stock has a market capitalization of $3.85 billion, a price/earnings ratio of 31.67, a PEG ratio of 2.05 and a beta of 1.05.
Teradata (NYSE:TDC – Get Rating) last released its quarterly results on Thursday, May 5. The tech company reported earnings per share of $0.46 for the quarter, hitting analysts’ consensus estimate of $0.46. The company posted revenue of $496.00 million in the quarter, versus analyst estimates of $490.86 million. Teradata had a net margin of 6.76% and a return on equity of 42.19%. The company’s revenue increased 1.0% year over year. In the same period a year earlier, the company posted earnings per share of $0.55. Equity research analysts expect Teradata to post earnings per share of 0.66 for the current year.
Insider Trading at Teradata
In other Teradata news, CFO Claire Bramley sold 2,100 shares in a trade dated Thursday, May 26. The shares were sold at an average price of $35.54, for a total transaction of $74,634.00. Following the transaction, the CFO now directly owns 99,622 shares of the company, valued at approximately $3,540,565.88. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink. In other Teradata news, CFO Claire Bramley sold 2,100 shares in a trade dated Thursday, May 26. The shares were sold at an average price of $35.54, for a total transaction of $74,634.00. Following the transaction, the CFO now directly owns 99,622 shares of the company, valued at approximately $3,540,565.88. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, director Timothy CK Chou sold 4,092 shares in a trade dated Wednesday, April 20. The stock was sold at an average price of $45.82, for a total transaction of $187,495.44. Following the transaction, the administrator now owns 18,229 shares of the company, valued at $835,252.78. The disclosure of this sale can be found here. Insiders of the company own 0.69% of the shares of the company.
Institutional entries and exits
Several large investors have recently changed their stake in the company. Geneos Wealth Management Inc. increased its stake in Teradata by 50.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 799 shares of the technology company worth $33,000 after buying 269 additional shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Teradata by 62.8% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 819 shares of the tech company worth $35,000 after buying 316 more shares in the last quarter. The Canada Pension Plan Investment Board bought a new position in Teradata in the first quarter worth $44,000. Financial Management Professionals Inc. increased its stake in Teradata by 20,625.0% in the fourth quarter. Financial Management Professionals Inc. now owns 1,658 shares of the technology company worth $70,000 after buying 1,650 additional shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Teradata in the first quarter worth $71,000. Institutional investors hold 98.54% of the company’s shares.
Teradata Company Profile
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Teradata Corporation, together with its subsidiaries, provides a connected, multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that enables enterprises to leverage their data across the enterprise, as well as connect various data sources to simplify the ecosystem and support customers on their journey to the cloud through integrated migration.
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Free2move-GuidePoint Systems collaboration enables data from Ram, Dodge, Chrysler and Jeep to provide inventory management services to dealerships, fleet management services for commercial and government fleets, audit services to plan lenders floor and vehicle diagnostic reports to consumers.
Photo: Guide point systems
Guidepoint Systems, a global provider of automotive telematics and software as a service (SaaS) for automotive OEMs, vehicle dealerships, rental agencies and fleets, has partnered with Free2move, the global fleet company, of mobility and connected data which is part of Stellantis.
Guidepoint Air is a new data monitoring service, designed to easily manage vehicle fleets without the need to install additional hardware. The Free2move-GuidePoint Systems collaboration allows data from properly equipped and eligible Stellantis MY2018 and newer vehicles including Ram, Dodge, Chrysler and Jeep to be received within Guidepoint Air to provide inventory management services to dealerships, fleet management services for commercial and government fleets, audit services to floor plan lenders, and vehicle diagnostic reports to consumers.
“We are continuing our strategy to facilitate access to connected vehicle data and provide insights to Stellantis fleet owners and operators by using Free2move solutions such as Connect Fleet, which we plan to deploy soon, but also by enabling the connectivity with platform partners, for the benefit of users of these platforms, such as Guidepoint, whose users can now access the data of their eligible Stellantis vehicles thanks to the connection established between the server Free2move MultiBrand and Guidepoint,” said Benjamin Maillard, General Manager of North America at Free2move.
These advanced solutions give fleet owners the ability to increase operational efficiency, reduce downtime and increase driver safety. Free2move takes these capabilities a step further and combines data insights with new mobility methods that expand the reach and breadth of fleet operations tools.
Connected Stellantis vehicles for government fleets, commercial trucks and commercial vans (including the ProMaster) can be managed via integrated telematics and Guidepoint’s fleet management system.
This new partnership is the latest range of services introduced by Guidepoint Systems to support fleet owners. Last November, Guidepoint launched FleetMovil, a new fleet management system optimized to reduce costs and capture all relevant fleet data. Guidepoint can monitor over 300 vehicle data parameters including speed, direction, location, engine warning indicators, maintenance reminders, carbon emissions, fuel efficiency, monitoring power take-off, driving behavior and engine idling.
“As a Tier 1 telematics provider to the automotive industry for over 20 years, we understand the importance of vehicle data to our customers,” said Samuel Spencer, President and CEO of Guidepoint. “This new partnership will allow us to deliver exceptional value and service to fleet customers, dealers and others looking to maximize their business performance.”
Many travel-related fees have fallen through June despite airport chaos and skyrocketing inflation.
Prices for flights, hotels and car rentals have all fallen significantly as demand for travel has waned.
Although prices are well above last year’s levels, the declines offer some relief to potential travelers.
Inflation is heating up. Airports are grappling with widespread staff shortages and baggage nightmares. Flight cancellations are historically frequent.
Yet summer travel is one of the few things in the US economy that is actually getting cheaper.
Data released on Wednesday showed prices rose 9.1% on the year to June, reflecting the fastest inflation since November 1981. Rising energy prices fueled most of the up, but a few categories showed price declines over the same period. A common thread through many price cuts: they have taken place in crucial areas for summer travel.
According to Consumer price index. The airfare cut ended a seven-month streak of price hikes, offering the first sign of relief after the biggest increases in decades. Car rental costs are well below last year’s peak. Hotel inflation has been more rigid, but the drop in June marks the biggest one-month drop since the start of the year.
Admittedly, prices are still much higher than a year ago. But the June inflation report suggests prices are finally cooling after surging ahead of the peak travel season.
Flights are getting cheaper
Airline ticket prices fell 1.8% in June, reflecting the biggest monthly drop since September 2021.
The downward trend makes more sense after taking a look at the latest travel trends. U.S. airline bookings fell 2.8% month-over-month in June, according to Adobe Analytics data released Monday. Online spending on domestic flights fell 5.7% during the month to $7.9 billion. Overall spending is still above pre-pandemic levels, but overall bookings are below those levels by around 1%, suggesting sky-high prices have deterred Americans from summer travel.
“The changing economic landscape and inflation in travel spending are impacting how consumers are redefining their budgets,” Vivek Pandya, principal analyst at Adobe Digital Insights, said in a statement. “While flight prices fell slightly in June, they remain elevated. As a result, we are starting to see summer booking growth leveling off and falling below pre-pandemic levels.”
Accommodation prices are skyrocketing
Finding affordable housing also got a little easier last month. Prices for hotels and motels plunged 3.3% through June, erasing much of the rise seen in the spring.
The slump also reversed the trend seen in the housing sector as a whole. Prices for rent, school accommodation and even household insurance all rose last month, continuing the steady upward trend in housing costs. As travel demand begins to decline, hotels are a rare accommodation option with plummeting prices.
Traveling to your vacation spot is cheaper
Traveling around a vacation spot is also slightly more affordable than it was in May. Car and truck rental prices fell 2.2% through June, marking the first drop since January.
The decline continues a long downtrend that began about a year ago. The semiconductor shortage that has hampered car production in 2021 has spilled over to the rental sector, as companies that have fought lockdowns have found themselves with fewer cars to loan out. Prices rebounded somewhat in early 2022, but the recovery in auto manufacturing eased some pressure on the rental industry.
Although not shown in the June inflation report, gasoline prices have fallen steadily over the past few weeks. This offers even more relief to potential travelers. With the United States squarely in its most popular travel season, Americans could enjoy a break from the price issues that delayed some vacation plans just months ago.
Hewlett Packard Enterprise (NYSE: HPE – Get a rating) saw its price target reduced by JPMorgan Chase & Co. from $18.00 to $16.00 in a research note published Thursday, Fly reports. They currently have an overweight rating on shares of the technology company.
Several other analysts have also recently weighed in on the stock. StockNews.com downgraded Hewlett Packard Enterprise shares from a buy rating to a hold rating in a Monday, June 6 research rating. Raymond James reissued an outperform rating and issued a price target of $19.00 (from $20.00) on Hewlett Packard Enterprise shares in a Tuesday, June 21 research note. Barclays lowered its price target on Hewlett Packard Enterprise shares from $20.00 to $19.00 and set an overweight rating for the company in a Thursday, June 2 research note. Citigroup lowered its price target on Hewlett Packard Enterprise shares from $14.00 to $13.50 and set a sell rating for the company in a Thursday, June 2 research note. Finally, Deutsche Bank Aktiengesellschaft downgraded Hewlett Packard Enterprise shares from a buy rating to a hold rating and lowered its price target for the company from $18.00 to $16.00 in a rating of search for Tuesday, June 14. Three analysts have assigned the stock a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $16.95.
Hewlett Packard Enterprise stock performance
NYSE HPE opened at $13.27 on Thursday. Hewlett Packard Enterprise has a 52-week minimum of $12.40 and a 52-week maximum of $17.76. The company has a debt ratio of 0.43, a quick ratio of 0.64 and a current ratio of 0.90. The company has a market capitalization of $17.24 billion, a P/E ratio of 4.77, a P/E/G ratio of 2.93 and a beta of 1.17. The company has a fifty-day moving average of $14.36 and a 200-day moving average of $15.74.
Hewlett Packard Enterprise (NYSE: HPE – Get a rating) last released its quarterly earnings data on Wednesday, June 1. The tech company reported earnings per share (EPS) of $0.19 for the quarter, missing analyst consensus estimates of $0.25 per ($0.06). Hewlett Packard Enterprise achieved a return on equity of 19.01% and a net margin of 13.28%. The company posted revenue of $6.70 billion for the quarter, versus a consensus estimate of $6.80 billion. In the same period a year earlier, the company posted earnings per share of $0.19. The company’s revenue increased 0.0% year over year. As a group, equity research analysts expect Hewlett Packard Enterprise to post EPS of 1.21 for the current fiscal year.
Hewlett Packard Enterprise dividend announcement
The company also recently declared a quarterly dividend, which was paid on Friday, July 8. Investors of record on Monday, June 13 received a dividend of $0.12 per share. This represents an annualized dividend of $0.48 and a dividend yield of 3.62%. The ex-dividend date was Friday, June 10. Hewlett Packard Enterprise’s dividend payout ratio is currently 17.27%.
Insider activity at Hewlett Packard Enterprise
In related news, EVP Alain Richard May sold 94,705 shares of the company in a transaction dated Friday, June 3. The shares were sold at an average price of $15.08, for a total transaction of $1,428,151.40. Following the transaction, the executive vice president now owns 310,500 shares of the company, valued at $4,682,340. The sale was disclosed in a filing with the Securities & Exchange Commission, available via this link. In other Hewlett Packard Enterprise news, EVP Thomas E. Black, Jr. sold 28,347 shares of the company in a transaction dated Tuesday, June 7. The shares were sold at an average price of $15.26, for a total value of $432,575.22. The sale was disclosed in a legal filing with the SEC, available at the SEC website. Also, VPE Alain Richard May sold 94,705 shares of the company in a transaction dated Friday, June 3. The stock was sold at an average price of $15.08, for a total transaction of $1,428,151.40. Following the completion of the sale, the executive vice president now owns 310,500 shares of the company, valued at approximately $4,682,340. Disclosure of this sale can be found here. 0.45% of the shares are held by insiders.
Institutional investors weigh in on Hewlett Packard Enterprise
A number of hedge funds and other institutional investors have recently bought and sold shares of HPE. International Assets Investment Management LLC increased its holdings of Hewlett Packard Enterprise shares by 2.8% in the first quarter. International Assets Investment Management LLC now owns 29,846 shares of the technology company valued at $499,000 after buying 808 additional shares in the last quarter. Spire Wealth Management increased its holdings of Hewlett Packard Enterprise shares by 14.9% during the fourth quarter. Spire Wealth Management now owns 6,302 shares of the technology company valued at $99,000 after buying 817 additional shares in the last quarter. Forum Financial Management LP increased its stake in Hewlett Packard Enterprise shares by 4.5% in the first quarter. Forum Financial Management LP now owns 19,650 shares of the technology company valued at $328,000 after buying 841 additional shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings of Hewlett Packard Enterprise shares by 0.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 295,684 shares of the technology company valued at $4,663,000 after buying 891 additional shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its equity stake in Hewlett Packard Enterprise by 47.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,851 shares of the technology company valued at $45,000 after buying 919 additional shares in the last quarter. Hedge funds and other institutional investors own 82.70% of the company’s shares.
Hewlett Packard Enterprise Company provides solutions that enable customers to seamlessly capture, analyze, and act on data in the Americas, Europe, Middle East, Africa, Asia Pacific, and Japan. The company offers general-purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage area networks and disk products, such as HPE and HPE XP Modular Storage Arrays.
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The co-living segment has recovered from the onslaught of the COVID-19 pandemic and demand for rental housing has surged as offices and colleges reopened, according to major industry players.
The cohousing industry, which provides managed rental housing to professionals and students, has been severely impacted over the past two fiscal years due to the pandemic and shutdowns that have caused reverse migration from cities.
It was one of the most affected sectors due to the closure of offices, schools and colleges for a long period. Many small operators have even closed their businesses.
Senior officials from major co-living operators such as Stanza Living, CoLive, Housr and Settl said demand for beds at their co-living centers has rebounded to pre-COVID levels or even higher, encouraging them to expand operations.
Rentals per bed have also improved after a plunge during the pandemic period, they added.
Real estate consultants Housing.com and Colliers India expect a significant increase in supply and demand as well as investment in this segment in the coming years.
Interestingly, the demand for single occupancy rooms has increased as working professionals need hygiene, privacy and adequate space to work from home.
On the current market scenario, Co-Founder and MD of Stanza Living, Anindya Dutta, said, “The pandemic has indeed impacted demand, but with the opening up of economic activity, the sector is more broad and our company in particular, have experienced a very strong and clear recovery. We have already exceeded our pre-COVID demand peaks by more than 3.5 times. Housr co-founder and CEO Deepak Anand said the company saw a resurgence in demand for beds after offices reopened and was already operating at pre-COVID levels.
Abhishek Tripathi, co-founder of Settl, said the company was operating at a pre-pandemic level and was looking to expand its business.
Suresh Rangarajan, Founder and CEO of CoLive which has 30,000 beds in Bengaluru, Chennai, Hyderabad and Pune, said demand has exceeded pre-COVID levels and will increase further as many offices, especially in the IT sector, are n haven’t opened yet.
Optimized by the short to medium term demand scenario, co-living operators are expanding their portfolio and entering Tier II cities. Some of them are also getting into running hostels on school and college campuses.
For example, Gurugram-based Stanza Living, which currently has more than 75,000 beds in 23 cities, has moved into campus facilities management and is receiving many partnership requests from educational institutions.
“Our agility to adapt to external challenges while continuing to create better value for our consumers has helped us become one of the strongest operators in the country with a 60% market share in the hosting space. managed,” Dutta told PTI.
He added that over the past few years, professionally managed accommodation solutions have generated a lot of interest among consumers, disrupting the traditional rental accommodation industry.
“In the context of the pandemic, there has been an even stronger consumer sentiment towards high-quality, safe and hygienic living options like ours,” he added.
On the new post COVID trend, Anand of Housr said there has been a major shift in demand towards single occupancy rooms from double occupancy.
Previously, 60% of demand came from double occupancy, but now it’s the other way around, he noted.
“There has been a significant change in the way of life. People are willing to pay higher rental rates for private and hygienic rooms,” Anand said.
Echoing these views, CoLive’s Rangarajan said demand for single-occupancy rooms has increased, leading to a supply shortage.
“Because of the hybrid working model, people want a full room to do office work. They need privacy. The hygiene factor is also there,” he said, adding that the company offers beds at Rs 8,000 for double occupancy and Rs 16,000 for single occupancy.
Regarding future expansion, Anand of Housr said the company had signed long-term rental agreements during the pandemic to add several properties at 60% of their pre-COVID rates.
Housr currently has over 4,000 occupied beds and aims to reach 12,000 beds across India by March 2023.
At Housr, which currently only operates in Tier 1 cities, the average price per bed in a twin room is between 17,000 and 19,000 rupees. The average price per bed for a single occupancy room is between Rs 35,000 and Rs 40,000, depending on the location.
“There is enormous growth potential for the cohabitation segment in our country. By 2024, the market size is expected to double,” Anand said.
Abhishek Tripathi of Settl said the company has benefited from the availability of quality supply at a favorable price.
“On the demand side, we are also seeing a shift in the mindset of customers, where they are willing to pay more for quality hosting coupled with community experiences,” he added.
Ankita Sood, head of research at Housing.com, said the cohousing segment in India has broken the boundaries of conventional rental and gained momentum as a quality alternative to dorms and hostels.
The segment has taken a hit due to reverse migration, induced by the COVID-19 pandemic, which is now ebbing as businesses and educational institutions resume work, she added.
“We now see things looking up for the segment with expansion plans and a substantial investment of $104 million in private equity for cohousing companies in 2021,” Sood said.
Leading co-living space players are expanding their footprint in key cities and increasing their facilities to raise the bar for shared living with quality services, safety and security, she added.
In December, Colliers India published a report stating that the number of beds fell to 1.3-1.4 lakh in 2020 from 2 lakh in the previous year, while the occupancy level fell to 40-60% .
In calendar year 2021, supply rebounded again to over 2.10 lakh beds and occupancy improved to 70%. The number of beds could reach 4.5 lakh by 2024, the consultant added.
Besides these four operators, Zolostays, Your-Space, Coho, NestAway and the Embassy group are other major players in the co-living segment.
Q. The pandemic has affected my income and although I can still pay child support, it makes me furious that my ex is using it for rent and a car instead of stuff for the kids. I give the mother of my children thousands of dollars a month and get my oldest son back with ripped jeans and a faded sweatshirt. How can I make him do what’s right? What is a good ex-label?
A. Oh my god, so many RED flags. Bright red. Really red. Here’s why:
1. “How can I get…” translates to “How can I get my ex to do what I want?” You can not. You can only control yourself and how you act. Start there. Set a positive example and that’s what you’ll get back. “Ask and listen” is a better philosophy than “How can I get?” »
2. You can’t judge a book by its cover. If your kids are a little fashion-conscious, they’ll tell you that jeans with holes and faded sweatshirts can be a bit more expensive than dark jeans with no holes and a brightly colored sweatshirt. Depends on the label. And have you put the price on tennis shoes lately?
3. Rent IS for children. Maybe that’s the difference between everyone crammed into a studio or a three-bedroom home. Cars are also for children. They are used to commuting to work so she can contribute, bring the kids to school and take them to extracurricular activities. If she’s living above her means, that’s a decision she’ll have to make, but on the face of it, the things that upset you don’t benefit. They are life.
I must say, however, that your concern is not unusual. I often hear this complaint from angry parents, especially if they don’t talk to each other and get most of their information from each other from their children. Children do not know the financial details and could pass on incorrect information. If you have a question, ask mom. But be careful how you approach it. It’s really not up to you how she spends the money you’re doomed to give her.
The amount of child support to be paid is based on a computer program. In California, the program is called DissoMaster (Disso for short). It may be called something else in other states. You feed the program with your joint income and the time the children spend with each of you, and it calculates a number. So unless you’re a zillionaire, the amount you have to pay for child support isn’t determined by negotiation, but by a computer program.
Finally, I bet when you transfer the money to your co-parent, you imagine them spending the money on lavish things. In your mind, you see them in a new car or a bigger house, and it makes your blood boil. Instead, imagine your child smiling, perhaps playing the sport they love to play. Imagine them happy and enjoying life and see if you still don’t like paying child support. It’s for your children. It’s a good ex-label.
Dr. Jann Blackstone is the author of “Ex-Etiquette for Parents: Good Behavior After Divorce or Separation” and founder of Bonus Families, www.bonusfamilies.com.
PHILADELPHIA (AP) — I think it’s going to be a very long time until we see another songwriter and performer like Elton John.
Concluding a career spanning more than 50 years with a farewell tour, the British pianist and singer created some of the most memorable and enduring music in pop-rock history, songs etched in the collective DNA of humanity.
They can be quite simple, like the basic four-chord glory of “Crocodile Rock,” or dazzlingly complex like the 11-minute magnum opus “Funeral For A Friend/Love Lies Bleeding.”
But now that it’s almost over, I hope you don’t mind me putting into words how wonderful it has been to have Elton John on our radios and in our ears since the late 1960s .
The 75-year-old entertainer, born as Reginald Kenneth Dwight, kicked off the final leg of his North American farewell tour on Friday night at Citizens Bank Park, home of the Philadelphia Phillies. And yes, he felt love that night.
“America made me famous and I can’t thank this country enough,” he told the audience. “Thank you for the loyalty, the love, the kindness you have shown me.”
He has sold over 300 million records worldwide, played over 4,000 shows in 80 countries and recorded one of the best-selling singles of all time, his 1997 reworking of “Candle In The Wind”. to praise Princess Diana, which sold 33 million copies.
Sir Elton (he was knighted in 1998) scored over 70 top 40 hits, including nine No. 1s, and released seven No. 1 albums in the 3½ year period from 1972 to 1975 , a rhythm right after that one. of the Beatles.
He has five Grammy Awards, as well as a Tony Award for “Aida”. Her rendition of “Can You Feel the Love Tonight” in the movie “The Lion King” has serenaded millions of children and will entertain future generations of little ones.
Gone are the outrageous suits and oversized glasses he was known for in the early 70s (he dressed as Donald Duck, Pac-Man, the Statue of Liberty, Minnie Mouse and a Los Angeles Dodgers baseball player , among others). And while the man hasn’t come across a sequin or feather he doesn’t adore, his wardrobe is (by Elton’s standards) a little tamer these days.
He took the stage in a white tuxedo with black lapels and glittering purple glasses, walking somewhat shyly towards his shiny black piano to hammer out the instantly recognizable opening chord of “Bennie And The Jets.”
Then there was “Philadelphia Freedom”, which he dedicated to his hometown crowd as “one of the greatest cities I’ve ever played in”. It was his 52nd concert in the City of Brotherly Love.
Throughout the night John released a dazzling array of hits spanning all musical styles and genres. The gospel phrasings and cadences that so influenced his early work were evident on “Border Song” and “Take Me To The Pilot,” and even the single radio staple “Levon” had a sped-up ending.
It showed the prototypical power ballad, “Don’t Let The Sun Go Down On Me”, with its close cousin “Someone Saved My Life Tonight”.
And when longtime guitar sidekick Davey Johnstone donned an inverted Flying-V guitar, it was time for the rockers of the power chord arena, including Elton’s rockiest song of all. time, “Saturday Night’s Alright For Fighting,” and the brash, boastful, Elton-to-the-bone anthem “The Bitch Is Back.”
Elton largely avoided his famous falsetto; he still has 100 shows to go for next year’s farewell world tour, and he’s learned over the years how to retain his voice without sacrificing style and authenticity.
Regardless: The crowd happily provided him with the falsetto parts, including a mass chorus of the “la-la-la” chorus on “Crocodile Rock.”
He returned to one deep single, “Have Mercy On The Criminal,” featuring Johnstone’s bluesy guitar riffs, putting him amidst dozens of smash hits.
And he avoided tears like “Sorry Sems To Be The Hardest Word” and the heartbreaking “The Last Song” about a farewell between a father and his son who is dying of AIDS, in favor of an upbeat vibe and festive.
“All The Girls Love Alice,” one of the first mainstream rock songs to focus on lesbian relationships in the early ’70s, is a concert staple, as is “Your Song.”
Before the closing number, “Goodbye Yellow Brick Road”, Elton looked towards the finish line of his last tour.
“I’m really looking forward to spending the rest of my life with my kids and my husband,” he said. “Be kind to yourself. To love each other.”
An accomplished showman to the very end, Elton finished the song and was lifted into the sky on a hydraulic lift as a hole opened in a brick wall at the top of the stage, engulfing him and closing .
So while Elton John will soon be gone from the stage, thank goodness his music is still alive.
Global Buy It Now, Pay Later Market 2022-2026 Analyst has been monitoring the Buy It Now, Pay Later market and it is poised to grow by $41.83 billion during the period 2022- 2026, accelerating to a CAGR of 29.
New York, July 15. 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Global Buy Now Pay Later Market 2022-2026” – https://www.reportlinker.com/p06282362/?utm_source=GNW 36% over the forecast period. Our Buy Now Pay Later Market report provides holistic analysis, market size and forecast, trends, growth drivers, and challenges, and vendor analysis covering around 25 vendors. The report offers up-to-date analysis regarding the current global market scenario, latest trends and drivers, and overall market environment. The market is driven by growing adoption of online payment mode, rise in demand for deferred payments for online purchases, and rise in spending on luxury goods among the adult population. The “buy now, pay later” market analysis includes end-user segment and geographical landscape.
The buy it now and pay later market is segmented as follows: Per end user • Big business • Small and medium-sized enterprise
By geographical landscape • North America • Europe • APAC • South America • Middle East and Africa
This study identifies the affordable and convenient payment service as one of the major reasons for the growth of the buy now pay later market over the next few years. Moreover, the increase in the adoption of BNPL payment technology among the youth and the growth of the e-commerce industry will drive a large demand in the market.
The analyst presents a detailed picture of the market through study, synthesis and summation of data from multiple sources by analysis of key parameters. Our Buy It Now Pay Later market report covers the following areas: • Buy now, pay later • Buy now, pay later market forecasts • Buy Now, Pay Later Market Industry Analysis
This robust vendor analysis is designed to help clients improve their position in the market, and in line with that, this report provides detailed analysis of several major vendors in the buy now pay later market including Affirm Inc., Afterpay US Services LLC, Amazon.com Inc., APaylater Financials Pte. Ltd., Grab Holdings Inc., Hoolah Holdings Pte Ltd., Klarna Bank AB, Laybuy Holdings Ltd., Monzo Bank Ltd., One97 Communications Ltd., Pace Now Enterprise Sdn Bhd, PayPal Holdings Inc., Perpay Inc., Revolut Ltd. . ., Social Money Ltd., Visa Inc., Zip Co. Ltd., Rely Pte Ltd, Mastercard Inc. and Flipkart Internet Pvt Ltd. Additionally, the Buy Now Pay Later Market analysis report includes insights into upcoming trends and challenges that will influence the growth of the market. It’s about helping businesses strategize and take advantage of all the growth opportunities ahead. The study was conducted using an objective combination of primary and secondary information, including contributions from key industry participants. The report contains a comprehensive market and vendor landscape in addition to an analysis of major vendors.
The analyst presents a detailed picture of the market through study, synthesis and summation of data from multiple sources through analysis of key parameters such as profit, price, competition and specials. It presents various facets of the market by identifying the major industry influencers. The data presented is comprehensive, reliable and the result of extensive research – both primary and secondary. Technavio’s market research reports provide a comprehensive competitive landscape and in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth. Read the full report: https://www.reportlinker.com/p06282362/?utm_source=GNW
About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
DUBLIN, July 15, 2022 /PRNewswire/ — The report “North America Car Rental Market by Application, By Vehicle Type, By Country, Opportunity Analysis and Industry Forecast, 2021-2027” has been added to from ResearchAndMarkets.com offer.
The North America car rental market is expected to witness a market growth of 3.9% CAGR during the forecast period (2021-2027).
Car rental makes a significant contribution to reducing pollution by reducing the volume of sales of owned vehicles. Moreover, with a growth in air traffic and an increase in the trend of booking cars online, car rental is the preferred mode of transport for travelers, as cars are the most economical and most affordable means of transport. fast. These benefits are propelling the car rental industry at a phenomenal rate.
The growing internet penetration in both emerging and established countries has further helped the market players to capture a wider customer base through the use of dedicated mobile applications for the convenience of the customers. Technology is seen as an essential element driving the adoption of car rental services worldwide.
The increasing number of business and leisure trips to the region, both domestically and internationally, is one of the main factors that allow many existing and emerging companies to focus on car rental services. Additionally, the existence of major service providers in the region, such as Enterprise Rent-a-Car and Avis Budget Group, is likely to increase opportunities for revenue development.
In the region, United States continues to be the largest nation for the vehicle rental service industry. Recently, the use of these services has expanded in various cities, thanks to the multiplication of initiatives by service providers. Hence, these aspects are expected to open new growth avenues for the overall car rental market over the forecast period.
The US market led the North America car rental market by country in 2020 and is expected to continue to be a dominant market through 2027; reaching a market value of $46.95 billion by 2027. The Canada the market is estimated to witness a CAGR of 6.2% during (2021 – 2027). Moreover, the Mexico The market is expected to grow at a CAGR of 5.3% during (2021 – 2027).
Based on application, the market is segmented into airport transportation, outdoor station, local use, and others. Based on vehicle type, the market is segmented into economy cars, executive cars, luxury cars, SUVs and CUVs. Based on countries, the market is segmented into United States, Mexico, Canadaand Rest of North America.
The market research report covers the analysis of major market players. Key companies profiled in the report include Avis Budget Group, Inc., Europcar Mobility Group, Enterprise Holdings, Inc., Hertz Global Holdings, Inc., Localiza, SIXT SE, Eco Rent a Car, ANI Technologies Pvt. (Ola Cabs) and AVR Qatar, Inc.
Scope of the study Market Segments Covered in the Report: By app
Airport transportation
External station
Local use
Others
By type of vehicle
Economy cars
Executive cars
luxury cars
SUV
VUM
By country
WE
Canada
Mexico
Rest of North America
Main market players
Avis Budget Group, Inc.
Europcar Mobility Group
Enterprise Holdings, Inc.
Hertz Global Holdings, Inc.
localized
SIXT SE
Eco Rent a Car
ANI Technologies Pvt. ltd. (Ola Cabs)
AVR Qatar, Inc.
Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 2. Market Overview
Chapter 3. Competitive Analysis – Global 3.1 Cardinal matrix KBV 3.2 Recent Industry-Wide Strategic Developments 3.2.1 Partnerships, collaborations and agreements 3.2.2 Product launches and product extensions 3.2.3 Acquisitions and mergers 3.2.4 Geographic expansions 3.3 Main winning strategies 3.3.1 Key Primary Strategies: Percentage Breakdown (2017-2021) 3.3.2 Key Strategic Movement: (Partnerships, Collaborations and Agreements 2017, June – 2021, December) Key Players
Chapter 4. North America Car Rental Market by Application
Chapter 5. North America Car Leasing Market by Vehicle Type
Chapter 6. North America Car Rental Market by Country
Chapter 7. Business Profiles
For more information about this report visit https://www.researchandmarkets.com/r/r2yo0k
Media Contact: Research and Markets Laura Woodsenior [email protected]
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INDIANAPOLIS — The attorney is Scott Tarter, and he was 10 when he became addicted to ABA inside the old Indiana State Fairgrounds Coliseum. It was 1971 and her father, a factory worker, had splurged for seats in the nosebleed section.
He remembers the game being cloudy. People could smoke inside the arena and the fog was rising at the top. But through the haze shone Tarter’s hero, Darnell Hillman, playing for the Indiana Pacers.
“I remember thinking it was the biggest stadium, the biggest thing you could ever be in,” Tarter said. “As a kid, it was amazing. I fell in love.”
The eye doctor is John Abrams and he used to skip Hebrew lessons after school to sneak into the Jewish community center where the ABA Pacers practiced. He picked up towels, wiped the sweat and marveled at these giants.
His last two years of high school, Abrams landed a ball boy berth for the Pacers. He rubbed shoulders with Billy Knight, Don Buse and Charlie Jordan. The players made him feel like he was one of them.
“It was the most beautiful job in the world,” Abrams said. “I loved the ABA.”
The filmmaker is Ted Green, a sports history buff. One of his first projects when he started working for WFYI was a segment about the ABA Pacers for a movie called “Indy in the 60s”.
“I’ve become close to the ABA Pacers family,” said Green, who is the husband of IndyStar athletic director Jenny Green. “It’s an amazing brotherhood.”
But nearly 10 years ago, these three men learned that this brotherhood of the ABA was suffering. Many former players lived in public housing, some homeless below decks. Others couldn’t afford to pay their medical bills or buy a pair of dentures. Others could not afford the funerals of their family members.
They were their ABA heroes, many of whom never made it to the NBA when the league merged with the ABA in 1976. Only four teams from the ABA — which had 11 teams most seasons — made it to the NBA. Many players were left with nothing. Some who arrived in the NBA did not play long enough to receive a pension.
Tarter and Abrams each contributed $2,500 to form a nonprofit called The Dropping Dimes Foundation in 2014. Their mission was to help struggling former ABA players and their families. They brought in Green, they joked, to be the third vote to sever ties in the event of a disagreement.
But things quickly got serious. They realized that Dropping Dimes wouldn’t be able to do this on their own. There was so many former players are asking for help. The foundation’s funds were limited.
“My mind went back to when we started,” Green said.
The beginnings of a wacky idea to get a multi-billion league to “do the right thing”.
“A pure coincidence and a love of ABA”
Tarter is a lifelong Indianapolis native who went to John Marshall High and was kicked out of his sophomore basketball team. This did not dampen his love of the sport.
After earning his law degree at Indiana University in Bloomington, he rose to the ranks of partner at Bose McKinney & Evans, where he is a lawyer working on half-billion dollar mergers and acquisitions. .
But in his spare time on weekends and weeknights, Tarter has poured his heart and soul into Dropping Dimes, a foundation that started out of sheer luck and love of ABA.
It was 2011 and Steve DeVoe was a Tarter’s partner at Bose McKinney. DeVoe’s two brothers, Chuck and John, were the original owners of the ABA Pacers in 1967.
DeVoe knew of Tarter’s love for the ABA, so he introduced him to Green, who was working on a movie about Pacers Hall-of-Famer Roger Brown. Green introduced him to Abrams.
It turned out that Abrams wasn’t just a former Pacers ball boy, he was the team’s eye doctor. He knew the players. He had connections.
One of the first players Abrams introduced Tarter to was Mel Daniels, who was adamant that something needed to be done to help his former ABA league teammates.
“Mel made it very, very direct to me that the NBA doesn’t respect ABA players the way they should,” Tarter said. “A lot of ABA guys were hurting because they were being paid so little back then.”
When the ABA disbanded in 1976, merging with the NBA, four of its seven remaining teams were absorbed into the NBA – the Pacers, Nuggets, New York Nets and San Antonio Spurs. Many players found themselves without a pension, wages were cut and health insurance disappeared.
When the idea emerged to create a non-profit organization to fight for these players, Tarter approached Daniels with a name idea: “Fans Giving Back Foundation”.
“And Mel, 6-foot-10, Mel with his super deep voice looked at me and said, ‘Scott, I don’t like the name,'” Tarter said. “He said, ‘The fans don’t owe us anything. We played for the fans. We played for the love of the game and I don’t want a name that implies the fans owe us anything.
Shortly after, Tarter and Abrams were in a rental car driving to Springfield, Massachusetts after attending Slick Leonard’s induction into the Naismith Hall of Fame.
“And I said, ‘I get it. Dropping Dimes Foundation,” Tarter said. “Because when you’re playing basketball and you give an assist, it’s ‘you’ve lost a penny’.”
Abrams started googling the term while Tarter was driving and realized it was a perfect fit.
“We will provide financial support,” Abrams said. “We’re going to give those struggling basketball players an assist.”
“It was kind of a labor of love”
Dropping Dimes did just that. During his eight years, as the players called him, the foundation helped with little things – money for gas, a new suit for the church, a rehabilitation session.
And it helped with big things – funeral expenses, big medical bills, rent.
And now Dropping Dimes has helped those players get what they needed most.
“This, these pensions, has been our great mission since day one,” Tarter said. “That, what’s happening now, giving these guys what they deserve.”
None of this has been easy. All three men had full-time jobs. But they also had a passion.
“Sometimes I didn’t balance it out. Sometimes I had to put practicing law on the back burner a bit and focus on pensions and Dropping Dimes,” Tarter said. Neither he, Abrams, nor Green made any money from their work at Dropping Dimes.
They had a lot of help. Dropping Dimes has an advisory board supported by big names in sports, media and basketball. Among them are Bob Costas, Reggie Miller, George McGinnis, Julius Erving, Myles Turner, Peter Vecsey and Bob Netolicky.
“They all came together,” Tarter said. “It was kind of a labor of love.”
And on Tuesday night, the big weight was lifted, getting the NBA silver.
“To us, that meant everything,” Tarter said. “From the beginning, when you look at the contributions these ABA players have made to today’s NBA, the quick games, the 3-pointers, the slam dunk contest. When you look at all these guys today being done Recognition, finally, for their contributions is overwhelming.”
Green said Herb Simon and the Pacers were strong defenders. But Tarter deserves a lot of the credit.
“The NBA needed persuasion, like 18 months of persuasion, and in the meantime a lot of guys died,” Green said. “The negotiations on our side fell to Scott as an attorney and I’m so proud of Scott for seeing it through. We’re talking about one attorney on our side, a dozen with the NBA. I I took heart and guts and advised.”
And in a way, what the NBA is doing is helping Dropping Dimes.
“It will take a big burden off us,” Abrams said. “But that won’t end the fight.”
“It’s quite humiliating”
The NBA deal pays players an average of $3,828 per year for each year they were in the league. For example, a player with the three-season minimum will receive $11,484 per year. A player with the most years of service, such as Freddie Lewis who has nine, will receive $35,452 per year.
“It’s a lot of money. It’s going to be life changing for a lot of guys,” Abrams said. “There are still a lot of guys who will need help.”
Break it down into monthly installments and a 3 year old will get $957 per month. “It’s not going to pay rent, pay utility bills, pay health bills for some of these guys,” Tarter said.
So Dropping Dimes will continue to help former ABA players as it always has.
“I remember so many days at Roger’s (Brown) wife Jeannie’s house with Mel Daniels, George McGinnis, Slick and Nancy (Leonard), Neto (Bob Netolicky), and how passionate they all were – especially Mel — to help their former ABA brothers in need,” Green said. “It inspired us endlessly.”
And that inspiration prompted three guys who loved the ABA to help their heroes.
“When you think about the fact that a busy eye surgeon, a busy M&A lawyer, and a busy documentarian did it all on their own,” Abrams said. “It’s quite humiliating.”
Az Business and AZRE magazines have announced lists of Arizona’s most influential women publications of 2022, including Rachel Davis-Schultz, executive vice president, CopperPoint Insurance Companies. To celebrate the 11th anniversary of the Most Influential Women program, azbigmedia.com profiles one of the most influential women of 2022 each day before the Most Influential Women of 2022 Dinner and Reception.
READ ALSO: The most influential women in business in Arizona in 2022
READ ALSO: The most influential women in commercial real estate in 2022
The most influential women of 2022 will be honored at a reception on August 25 at Chateau Luxe in Phoenix. For sponsorship information, email [email protected]. For more information on the event honoring the most influential women, write to [email protected] or click here. To buy tickets, click here.
CONTEXT: Rachel Davis-Schultz joined CopperPoint in 2019 and is currently Executive Vice President, Chief Human Resources and Corporate Operations Officer. Davis-Shultz has over 20 years of human resources experience, including employee relations, benefits, training, culture and transformation. She has helped navigate several major acquisitions and successful integrations and led teams experiencing significant organic and inorganic growth.
SOURCE OF PRIDE: “I am proud of the work I have done in response to COVID-19. From the meeting I hosted in March 2020 to the ones I host now to bring our teams back to the office, I led a task force that guided and supported employees for two years.
SURPRISING FACT: “I went to high school with a member of a famous boy band – we were in an advanced choir together. Neither the choir nor the boy band could distract me from my love of 90s rap music – then and now.
SOURCE OF INSPIRATION: “CopperPoint is over 60% female, so I’m surrounded by brilliant women every day and have been throughout my career. Currently, I draw my biggest inspiration from my colleague, Sara Begley. She is supportive, caring, and brilliant, and she is my beacon in the storm and my emotional support advocate.
VIDEO
Arizona’s Most Influential Women in Business for 2022
MINNEAPOLIS (AP) — When the Houston Firefighters Relief and Retirement Fund bought $25 million in cryptocurrencies, the fund’s chief investment officer touting their potential, retired firefighter captain Russell Harris was worried.
Harris, 62, attended the funerals of 34 firefighters killed in the line of duty. He was already worried about his pension after an overhaul by state and city officials slashed payments as they struggled with the ability to pay benefits. He didn’t see crypto, unproven in his eyes, as an answer.
“I don’t like it,” Harris said. “There are too many pyramid schemes that everyone is wrapped up in. That’s how I see this cryptocurrency right now. … There might be a place for it, but it’s still new and no one understands it.
The plummeting prices of Bitcoin and other cryptocurrencies over the past few weeks provide a cautionary tale for the handful of public pension funds that have dipped their toes into the crypto pool over the past few years. Most have done so indirectly through stocks or investment funds that serve as a proxy for the larger crypto market. A lack of transparency makes it difficult to tell whether they have made or lost money, let alone how much, and for the most part, fund officials won’t tell.
But the recent crypto crisis has raised a larger question: For pension funds that ensure teachers, firefighters, police and other civil servants receive guaranteed benefits upon retirement from public service, an amount of is investing in crypto too risky?
Many public pension funds across the United States are underfunded, sometimes severely, causing them to take risks to try to catch up. It doesn’t always work, and the risk extends not just to the funds, but to the taxpayers who might have to bail them out, either by raising taxes or diverting spending from other needs.
Keith Brainard, director of research for the National Association of State Retirement Administrators, said he was unaware of more than a handful of public pension funds that have invested in crypto.
“There may come a day when crypto settles down and is well understood and mature as a potential investment that public pension funds could embrace,” Brainard said. “I’m just not sure we’re there yet.”
The US Department of Labor recommends “extreme caution” in crypto investments due to the high risks. The recent fall in crypto prices has caused Washington to take a closer look at the freewheeling industry. After the collapse of a $40 billion crypto asset known as Terra, senators from both parties proposed legislation that would regulate crypto for the first time, and Treasury Secretary Janet Yellen called for a greater scrutiny of crypto companies.
The Houston Firefighters Relief and Retirement Fund’s cryptocurrency investment wasn’t huge — just $25 million in what was then a $5.5 billion portfolio.
It is unclear how this has played out in the slide of the cryptocurrency market this year. Fund and union officials did not respond to multiple requests for comment. But the fund bought when bitcoin prices were near their high of nearly $67,000, and they’ve been falling ever since, dipping below $20,000 in June.
The fund’s chairman, Brett Besselman, said in a first quarter report that he was in good shape with an overall rate of return of 33.7% in 2021. Houston Mayor Sylvester Turner said earlier this year that the 2017 revamp worked well and, thanks to a strong return in 2021, put his city’s pension funds well ahead of schedule to eliminate their unfunded liabilities.
The Houston experiment, which fund managers billed as the first announced direct purchase of digital assets by a US pension plan, followed a series of larger but indirect investments by two pension funds for the county of Fairfax, Virginia. They have invested over $120 million in funds that seek opportunities in the crypto world, such as blockchain technology, digital tokens, and cryptocurrency derivatives. As in Houston, Virginia’s investments represent only a tiny fraction of the fund’s $7.2 billion in assets.
Since 2018, the Fairfax County Employees Retirement System and the Fairfax County Police Officers Retirement System have invested in venture capital funds that invest in blockchain and a hedge fund that seeks to exploit a portion of the volatility inherent in the space, said Jeffrey Weiler, executive director of Fairfax County Retirement Systems. He said the goal was to invest in the infrastructure that underpins blockchain technology, which managers continue to see as a high-growth area.
Crypto-related investments are not necessarily deliberate. The Minnesota State Board of Investment manages a portfolio of approximately $130 billion for several public employee retirement plans and other entities. A recent report shows he held small stakes as of December 31 in crypto exchange Coinbase Global and bitcoin miners Riot Blockchain and Marathon Digital Holdings with a combined market value of $5.3 million. It also listed two Coinbase fixed income holdings with a market value of $2.2 million.
Mansco Perry, the board’s chief executive and chief investment officer, said the board invests heavily in equity indices, so those holdings were most likely in one of its index funds or were purchased by an outside investment manager. .
“We don’t own cryptocurrency, but if a company is big enough to be in an index, we more than likely own it,” Perry said.
Minnesota’s board of directors may one day look at crypto-related investments just to learn more about them, Perry said, “but that’s not a high priority. … I would say we’re way off to make an investment decision to move forward, but that doesn’t mean we never will.
The nation’s largest public pension fund, California Public Employees Retirement System, known as CalPERS, took a small stake in Riot Blockchain in 2017 that reached over $1.9 million at the end of the year. end of 2020. Securities and Exchange Commission filings show it hit $5.4 million before CalPERS was released during the second quarter of 2021. Officials declined to elaborate, but it was a tiny play in CalPERS’ total portfolio of well over $400 billion.
According to SEC filings, the Wisconsin State Board of Investment apparently began testing the waters early last year with purchases of Coinbase, Marathon, and Riot Blockchain. Those holdings grew to at least $19.3 million, from a total portfolio of $48.2 billion, at the end of the first quarter of this year. Council officials did not respond to requests for comment.
Based on SEC filings, New Jersey’s main state pension fund appears to have started investing in certain crypto-related stocks in the second quarter of 2021. As of late March 2022, the State held approximately $9.5 million in combined holdings in Coinbase, Riot Blockchain and Marathon. New Jersey state treasury officials said they were not commenting on specific investments.
Other public funds that have taken smaller stakes include Utah Retirement Systems, which once held a $13.2 million stake in Coinbase but no longer does. The Pennsylvania Public Schools Employee Retirement System held up to $2.6 million of Coinbase last summer, but had fallen to $681,000 by the end of the first quarter, after selling most of its participation, while adding approximately $398,000 from Marathon starting in the second half of 2021.
Harris, the retired Houston Fire Captain, said he views his pension as a contract that should be honored, given the risks firefighters routinely take. Although he is generally happy with the performance of his pension fund, he is still worried about crypto. He also points out that firefighters in Houston and many other US communities are generally not eligible for Social Security.
“There’s just a lot of people there, if they lose that pension, it’s over,” Harris said. “Some of these older retirees, I just don’t know how they survive.”
___
Associated Press writers Ken Sweet in New York and Geoff Mulvihill in Cherry Hill, New Jersey, contributed to this report.
During the same quarter last year, 19 electric vehicle models were on sale in the United States. Compare that to 33 models this year.
Photo: Canva
New vehicle sales in the second quarter have struggled, up only modestly from the first quarter and down more than 20% from the second quarter of 2021, Cox Automotive recently reported. There were, however, some positive notes in the second quarter sales figures, and among them, sales of electric vehicles stood out. Sales of battery electric vehicles – pure electric vehicles – jumped to 196,788, a record and up 13% from the first quarter.
The Kelley Blue Book team has released its best estimates for second-quarter electrified vehicle sales.
While new vehicle sales in general struggled in the second quarter, pure electric vehicles were a shining star in the statistics. It should be noted that sales of hybrids and plug-in hybrids fell over the same period.
Source: Cox Automotive
Cox provided these 10 takeaways from the report:
Tesla remains the dominant player in the luxury market overall. In the second quarter, Tesla was the top-selling luxury brand in the United States, overtaking Audi, BMW, Cadillac, Lexus, Mercedes-Benz, etc. As new EV models continue to enter the market, Tesla’s share of the EV segment is shrinking. Last quarter it fell to 66%, down 9% from the first quarter. Still, Tesla’s share of EVs is expected to decline as the EV market grows. The bigger story is Tesla’s continued growth. In the last quarter, the brand almost overtook Subaru in the United States
Sales of electrified vehicles — combination electric vehicles, hybrids and fuel cell vehicles — jumped to 442,740 in the second quarter, a 12.9% increase from year-ago levels. Electrified vehicles represented 12.6% of the US market last quarter.
In the second quarter, electric vehicle sales accounted for 5.6% of the total market, an increase from 5.3% in the first quarter and a record high. The share of electric vehicles in the second quarter of 2021 was 2.7%.
With gas prices above $5 in the second quarter, interest in hybrids and electric vehicles has surged. However, sales of hybrids and plug-in hybrids fell 10.2% in the second quarter year-over-year as tight inventories limited sales. Still, hybrid sales were up from the first quarter to 245,204.
The Jeep Wrangler 4xe was the best-selling plug-in hybrid in the United States last quarter.
In the second quarter of 2021, there were 19 electric vehicle models for sale in the United States. A year later, the number increased to 33. Newly launched electric vehicle models accounted for nearly 30,000 sales in the second quarter of 2022. The Hyundai IONIQ 5 was the hottest newcomer, with 7,448 sales in Q2 2022.
After months out of production due to battery issues, the Chevy Bolt EV is working again. Nearly 7,000 were sold in the second quarter.
Toyota continues to be the leader in hybrid powertrains. In the first half of 2022, approximately 55% of all hybrids sold in the United States were sold by Toyota and Lexus dealerships. Ford was the second-largest seller of hybrids, with 11.7% market share.
Electrified pickups are gaining popularity. EV (Hummer, R1T, Lightning) and hybrid (Maverick, F-Series) models are now available and more than 45,000 were sold in the first half of 2022.
EV prices remain high. According to Kelley Blue Book, the average price for a new electric vehicle in June was more than $66,000, well above the industry average and more in line with luxury pricing than traditional pricing.
Find the KBB Light Electrified Vehicle Sales Report here.
Air travelers have been experiencing frustration since the 2021 vacation. Travel delays and even trip cancellations have been aggravating experiences for travelers. If you only have a weekend and your trip includes a flight on Friday and a return flight on Sunday, you risk a wasted weekend. Being delayed from Friday to Saturday is sure to ruin your trip.
My wife and I have flown several times and there seems to be a new devil on every level. Last spring, we were hoping to spend a few days in Florida. We booked our flight from Indiana to change planes in Atlanta before going to Florida. We checked in our bags and had minimal supplies in our backpacks. We arrived in Atlanta on a Saturday afternoon to find that our flight to Florida had been canceled due to weather. We also heard from other disgruntled travelers and a TSA agent that the cancellation was actually due to issues with air traffic controllers. We also heard that Delta was understaffed. After queuing at a counter for two hours, I was told the next available flight was two nights later at 7pm. We were informed that our luggage was already on another plane to our destination.
We had no choice but to find a hotel room. Thousands of other flights were delayed or canceled that day. Hotel rooms were not easy to find but we finally found one. We were forced to take a cab and stay two nights in Atlanta with minimal supplies. Needless to say, this was an unforeseen extra expense.
When we finally got to Florida, I knew we were good at transportation. I had prepaid a rental car. We got the car pretty quickly. However, I was not told that our initial payment was lost as we did not collect the car within 24 hours of the reservation date. I didn’t realize I was paying a second time until I looked at my bank statement later. Since I had paid for the car in advance, I didn’t think Budget would care if we were delayed. I thought wrong. According to Budget, you must let them know within 24 hours if your plans change. I learned something new. Education is always expensive. I disputed the charges, but my bank supported Budget.
Overall, my wife and I had a great time at Ft. Myer’s Beach, except flying was miserable this time. Delta Airlines made no offer to compensate us with new or free tickets. They didn’t feel obligated to cover any of the extra expenses we incurred in Atlanta. Budget Rent A Car made double money for an old Camry they rented to me. The car was take it or leave it. They said that was all they had available when I arrived.
Are there any answers? Of course, stay home. Or, try to find direct flights if possible. It seems more and more difficult. Buy a small suitcase that meets the legal dimensions of hand luggage so that you have your bag with you.
If you can manage your trip without a rental car, you might be happier. Sometimes it’s impossible but not always. We recently traveled to Baltimore and stuck with taxis. We saved quite a bit as we didn’t pay for a rental car and didn’t have to pay parking fees at the hotel.
I don’t like flying in storms. I want airlines to make my safety a priority. I’d rather arrive late than never. Just be aware that in the times we currently live in, stealing can be frustrating.
Dr. Glenn Mollette is an author and his column is published weekly in over 600 publications in all 50 states.
Coinsa cross-border payments company, entered into a strategic partnership with Attijariwafa Bankone of the largest banks in Morocco and Africa.
The partnership between Thunes and Attijariwafa allows each of the approximately 30 million bank account holders in Morocco to receive incoming payments directly to their accounts. Additionally, Thunes customers will have the ability to send real-time payments to bank accounts in Morocco.
Thunes is connected to Attijariwafa bank through Ripple, an enterprise and blockchain solutions provider, and its global financial technology RippleNet. The connection to RippleNet and Thunes will allow Attijariwafa bank customers to receive transfers from all over the world initiated via the Thunes network in a few seconds.
The remittance market in Africa
Morocco is the third largest recipient of remittances in Africa, with a large diaspora, a dynamic market and a strong regulatory framework to foster digital payment services and reduce costs.
Morocco has a GDP of over $100 billion. According to the official press release, cross-border payments have been a challenge because in the past customers had to use inefficient and expensive methods to send payments to Morocco.
The World Bank estimates that personal remittances increased during the pandemic, reaching around $7.4 billion at the end of 2020.
To learn more about Thunes, check out their company profile.
The FTSE 100 closed up 0.18% on Tuesday after an initially weak start. It was a tough day for European markets, with concerns over a global economic slowdown seemingly driving a move into bonds and lower yields, and hitting the resources and energy sector putting pressure on oil prices, said Michael Hewson, chief market analyst at CMC Markets UK in a note. “These concerns are once again reflected in the resilience of the traditional havens of public services and health care, with Centrica [PLC] and SSE [PLC] building on their rebounds yesterday, while airlines also rebounded on the back of [International Consolidated Airlines Group S.A.]“, says Mr. Hewson.
Companies News:
United Utilities is selling its renewable energy business for around £100m
United Utilities Group PLC announced on Tuesday that it has agreed to sell its undesignated renewable energy business to SDCL Energy Efficiency Income Trust PLC for an enterprise value of approximately 100 million pounds ($118.9 million).
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Balfour Beatty to sell Indiana University assets for $150 million
Balfour Beatty PLC announced on Tuesday that it is selling its 67%-owned student housing on the Purdue University campus in West Lafayette, Indiana, for a total of $150 million.
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Plus500 set to top 2022 market views after strong 1H
Plus500 Ltd. said on Tuesday it expects to post revenue and earnings before interest, tax, depreciation and amortization for 2022 as a whole ahead of market expectations after closing a strong first-half performance.
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FY2022 total pre-tax profit increased on higher demand; Increase the dividend
Totally PLC said on Tuesday that performance for the 2022 financial year exceeded board and market expectations, due to increased demand due to the impact of the pandemic on waiting lists.
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Grafton backs 2022 view as first-half revenue up 12%
Grafton Group PLC said on Tuesday its expectations for the full year were unchanged, with its first-half performance coming in line with plans.
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Wincanton’s first-quarter revenue increased, supporting market views of fiscal year
Wincanton PLC said on Tuesday that revenue for the first quarter of fiscal 2023 grew despite a challenging macroeconomic environment and was on track to deliver full-year results in line with market expectations.
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Marshalls posts higher revenue in first half, expects full year to be in line with market views
Marshalls PLC said on Tuesday first-half revenue rose and it expected its full-year performance to be in line with market expectations.
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Dewhurst Group appoints John Bailey as CEO
Dewhurst Group PLC announced on Tuesday that it has appointed John Bailey as chief executive, effective October 1.
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System1 Group to launch share buyback program for up to £1.5m
System1 Group PLC on Tuesday announced plans to launch a share buyback program of up to 1.5 million pounds ($1.8 million).
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Anglo Pacific Group buys royalty portfolio for $185m
Anglo Pacific Group PLC announced on Tuesday that it has agreed to buy a royalty portfolio from South32 Royalty Investments Pty. ltd. for $185 million.
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Petropavlovsk will file for administration and stop trading on LSE
Petropavlovsk PLC said on Tuesday its board had requested a temporary suspension of its shares on the London Stock Exchange after filing for administration due to its financial situation.
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Foresight Group’s pre-tax profit for fiscal 2022 increased and increases dividend
Foresight Group Holdings Ltd. said on Tuesday that pretax profit for its first full year as a public company increased as revenue rose across all of its divisions, and declared an increased dividend payout.
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Bens Creek appoints Murat Erden as CFO
Bens Creek Group PLC announced on Tuesday that it has appointed Murat Erden as Chief Financial Officer, effective July 12.
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Kistos makes £1bn bid for Serica to form new North Sea producer
Kistos PLC on Tuesday presented a proposed cash and equity takeover of Serica Energy PLC, which values the British gas producer at 1.04 billion pounds ($1.24 billion) and would give Serica shareholders a stake of 50% in the combined business.
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The System1 group announces a drop in revenues in the first quarter; Decline in profit before tax for the financial year 2022
System1 Group PLC said on Tuesday that revenue for the first quarter of fiscal 2023 fell due to inflationary pressures, among other issues, as it reported lower pre-tax profit for fiscal 2022 after booking higher costs. .
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Restaurant Group buys Barburrito for £7m
Restaurant Group PLC said on Tuesday it had purchased Mexican-style restaurant chain Barburrito Group Ltd. for £7m ($8.3m) and that he had repaid a further £44m of his term loan in June.
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Creightons shares tumble on lower FY2022 pre-tax profit and revenue
Shares of Creightons PLC fell on Tuesday after the company reported lower profits and pre-tax revenue for the financial year 2022 due to inflationary and logistical challenges.
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Year-to-date online performance from Sanderson Design; sees meeting profit expectations for the year
Sanderson Design Group PLC said on Tuesday that year-to-date performance was broadly in line with the prior year and earnings remained on track to meet the board’s expectations for the full year.
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Knights Group shares rise as they meet guidance for fiscal 2022
Shares of Knights Group Holdings PLC rose on Tuesday after the company hit its guidance for fiscal 2022 and said it had started the current fiscal year well.
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Pure Gold completes debt refinancing
Pure Gold Mining Inc. said on Tuesday it has renegotiated its debts with its lending partner and started considering selling the business or its gold mine in Ontario.
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Softcat appoints Graham Charlton as CEO
Softcat PLC announced on Tuesday that it has appointed Graham Charlton as chief executive, effective August 1, 2023.
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TinyBuild indicates superior 1H performance views; Expects FY to be in line with views
TinyBuild Inc. said Tuesday that first-half 2022 performance was slightly above expectations, driven by the strength of its catalog titles and new game launches.
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Increase in Sosandar’s revenues in the 1st quarter; Reduced FY2022 pre-tax loss due to increased revenue
Sosandar PLC said on Tuesday that revenue increased for the first quarter of fiscal 2023 and it reported a reduced pre-tax loss for fiscal 2022 as revenue increased.
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Synectics moves to 1H pretax profit and sees further 2H growth
Synectics PLC said on Tuesday it moved to pre-tax profit in the first half of fiscal 2022, and that the progress seen in the period was driven by its core systems division and strong gross margins.
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Rambler Metals Says Ming Mine Achieved Record Q2 Production
Rambler Metals & Mining PLC said on Tuesday that its Ming mine in Canada hit record copper production in June and the second quarter.
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Central Asia Metals says it is on track to meet 2022 production forecast
Central Asia Metals PLC said on Tuesday it was on track to meet its full-year production targets, with copper production near the top of the range.
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Foresight Group to buy infrastructure capital for up to A$140m
Foresight Group Holdings Ltd. on Tuesday announced that it has agreed to acquire Infrastructure Capital Holdings Pty for up to A$140 million ($94.3 million).
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AdEpt Technology FY 2022 Widened Pre-Tax Loss, Resumption of Dividend
AdEpt Technology Group PLC said on Tuesday that the pre-tax loss for the 2022 financial year widened due to rising costs and it was reinstating its dividend payout.
Market Talk:
Land tenure security is improving, but a slowdown is looming
0916 GMT – Land Securities has made good progress in implementing its chief executive’s new strategy, but faces headwinds from a deteriorating economy, RBC Capital Markets said. “We expect a weaker macro-economic environment to negatively affect Landsec, given a relatively high level of variable rents in its retail/leisure business and exposure to more climate-sensitive London office markets. ‘economy,” RBC analyst Julian Livingston-Booth said in a note. “We are lowering our rating for Landsec shares from outperform to sector performance.” RBC is also slashing its share price target to 675p from 950p. The stock fell 3.6% to 651p. ([email protected])
UK territory faces tougher economic outlook
0858 GMT – British Land’s outlook deserves investor caution, RBC Capital Markets said, downgrading the property company for underperforming the sector’s performance and its price target at 375p from 475p. “Our more cautious view of London office and UK commercial property markets is negatively impacting our outlook for British Land,” RBC analyst Julian Livingston-Booth said in a note. “Furthermore, we believe a more negative macro scenario appears slightly at odds with management’s view on its markets, increasing the potential negative impact on British Land’s returns.” Shares fall 4% to 444p. ([email protected])
Dublin, 12 July 2022 (GLOBE NEWSWIRE) — The report “Automotive Blockchain Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.
The global automotive blockchain market reached a value of US$420.1 million in 2021. Looking ahead, the publisher expects the market to reach a value of US$2,236.3 million by 2027, posting a CAGR of 32.14% in 2021-2027. Bearing in mind the uncertainties associated with COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.
Automotive blockchain refers to a decentralized ledger used to store, track, and monitor automotive data. It is bound through cryptography, which focuses on transforming data into formats not recognized by unauthorized users to provide immediate, shared, and transparent information.
The automotive blockchain offers multiple benefits, including fast processing of warranty claims, easy-to-track transactions, improved smart contracts and car sales, tamper-proof transaction records, improved transparency, instant traceability, and expense tracking. reduced payment exchange. Apart from that, it is widely used to streamline procedures, store unique data, verify and secure vehicle mileages, and fight against fraudulent activities.
Automotive Blockchain Market Trends:
The growing number of vehicle manufacturing processes across the globe is creating a positive outlook for the market. The automotive blockchain is widely used to improve supply chain management and help original equipment manufacturers (OEMs) track automotive parts and components for their latest modifications, helping to identify counterfeit products and guarantee high quality products and services to consumers.
With this in mind, increasing investments in autonomous vehicles and mobility services, such as vehicle leasing, rental, sharing, calling and pooling, have facilitated the demand for automotive blockchain to enable rental car companies to monitor maintenance, cleaning, rental, and usage data of registered vehicles.
This, in turn, supports the growth of the market. Apart from this, various technological advancements, such as the integration of Internet of Things (IoT) and Artificial Intelligence (AI) with connected devices, to track, process, authenticate and exchange transaction systems give an impetus to market growth. Other factors including increasing emphasis on reducing data leakage and manipulation, increasing need for faster transactions, and extensive research and development (R&D) activities are expected to push the market towards growth.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of major players namely Accenture plc, BigchainDB GmbH, carVertical, ConsenSys, GemOS, HCL Technologies Limited (HCL Enterprise), International Business Machines Corporation, Microsoft Corporation, NXM Labs Inc., ShiftMobility Inc. and Tech Mahindra Limited.
Answers to key questions in this report:
How has the global automotive blockchain market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Global Automotive Blockchain Market?
What are the main regional markets?
What is the market breakdown by type?
What is the breakdown of the market by supplier?
What is the breakdown of the market by type of mobility?
What is the market breakdown by application?
What is the market breakdown by end user?
What are the different stages of the industry value chain?
What are the key drivers and challenges in the industry?
What is the structure of the global automotive blockchain market and who are the key players?
How competitive is the industry?
Main topics covered:
1 Preface
2 Scope and methodology
3 Executive Summary
4 Presentation 4.1 Overview 4.2 Key Industry Trends
5 Global Automotive Blockchain Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast
Many people around the world spend a few hours of the day in their car. Whether it’s driving home from work, going to the grocery store, or heading to the campsite for the weekend, your car will come in handy. But being behind the wheel for a long time can be monotonous (which can even become dangerous). Plus, getting stuck in a traffic jam is no fun. This is where a great sound system can save the day.
However, it can be difficult to please everyone with a basic car set, so it’s no wonder people want to upgrade the sound. Since there are thousands of choices to make it, it can be difficult to get the right one. Check out this article to learn more about the basic concepts of a good car audio system and tips for improving sound quality.
#1: Main unit
Another name for this part of a car audio system is a stereo receiver. It’s a kind of
central nervous system of your whole sound that connects all the other parts together in one place. It’s usually located on the main dashboard of the car so you can easily control all the settings you need like volume, FM radio, Bluetooth connections, etc. Additionally, some head units allow you to browse the contents of your USB flash drive and configure custom equalizer settings.
A good head unit allows you to use all system functions without freezing or lagging. Also, you can install a more upgraded version with a separate subwoofer and GPS navigation.
#2: Amplifier
If you pass the signal from your head unit directly to the speakers, the sound will be weak and noisy. To make the membranes move with greater amplitude and increase the output quality, you need an amplifier. Usually it consists of two parts: a preamp and a power amplifier. The first takes the necessary information from the source like a radio or a phone connected by Bluetooth and interprets it into a signal for the second. Then the power amplifier boosts this signal, the speakers move and you hear the sound.
For a standard car audio system, a basic integrated amplifier will be fine. But if you’re looking for really boosted sound, you can choose a more sophisticated option with a separate amplifier.
#3: Speakers
As we have already mentioned, the job of the speakers is to actually produce the sound. Their membranes move up and down at different frequencies to create air vibrations that your eardrum receives. The most common car speakers work with all audible frequency ranges, but they can sometimes be supplemented with more specific ranges.
To test out some of the best audio systems without destroying your car right away, you can try renting a car. It will allow you to estimate if you want sound quality like this in your vehicle. To add more spice to the experience, you can try renting luxury cars during your trip. Imagine: you go to a convertible car hire dubai deals, rent a Ferrari, drive in the desert and watch the sunset while listening to your favorite playlist. Isn’t that cool?
#4: Subwoofer
Let’s talk about more specific speakers. The primary task of a subwoofer is to make the low frequency (bass) signal richer and more energetic. It can be combined with a general loudspeaker or have its own place in the car. It depends on how much bass you want to hear and how much space you’re willing to sacrifice for it.
How to Upgrade Your Car Audio System: Tips to Follow
Use sound-deadening materials: To reduce outside noise from the street, try filling the space in your car with something like spray foam insulation.
Set the System Right: Raising all EQ controls is not an option.
Trust professionals: if you do not have much knowledge about how cars work and how to install a new audio system, you should delegate this task to experienced specialists.
To sum it all up
Now when you know the basics of car audio systems, you can start looking for your perfect solution. The process of choosing and buying a good car audio set can still be overwhelming, but having some general knowledge will make it much easier. The best strategy will be to look at as many options as possible to better understand what you need and what you can afford.
EXTON, Pa., May 12, 2022 /PRNewswire/ — First Resource Bank (OTCQX: FRSB) announced the completion of its reorganization as a wholly owned subsidiary of First Resource Bancorp, Inc., effective May 11, 2022. The reorganization was approved by the Bank’s shareholders on April 27, 2022, at their annual general meeting. The common stock of First Resource Bancorp, Inc. continues to trade on the OTCQX market under the symbol FRSB and shareholders have the same rights and percentage ownership in the new holding company that they currently have in the Bank.
CEO Glenn B. Marshall said: “This reorganization provides enhanced capital options to fund the future growth of First Resource Bank, including the ability to issue debt securities at the holding company level which can then be invested in the Bank as a common stock. This option will be a cost-effective way to support growth across the business and is in the best interests of our customers and shareholders.”
The day-to-day operations of the Bank will not be affected by the incorporation of the holding company and there will be no change in the registered office or in the management of the company. Customers can always expect to receive the same level of exceptional service and product offerings that First Resource Bank has always provided.
Pursuant to the reorganization, each existing shareholder of First Resource Bank will receive an equal number of common shares of First Resource Bancorp, Inc. in exchange for their shares of the Bank. Bank shareholders holding paper share certificates will receive correspondence from the Bank’s transfer agent, Broadridge Corporate Issuer Solutions, with specific instructions on how to redeem their certificates. Shares held in book-entry only form will be automatically converted without shareholder intervention.
About First Resource Bank
First Resource Bank, a subsidiary of bank holding company, First Resource Bancorp Inc., is a locally owned and operated business Pennsylvania state-chartered bank, serving the banking needs of businesses, professionals, and individuals in the Delaware Valley. The Bank offers a full range of deposit and credit services with a high level of personalized service. First Resource Bank also offers a wide range of traditional financial services and products, competitively priced and delivered in a manner suitable for small businesses, professionals and local market residents. For more information visit our website at www.firstresourcebank.com. FDIC member.
This press release contains statements that are not historical facts and may relate to future results of operations or events or management’s expectations regarding such results or events. They are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our projects. , objectives, expectations and intentions and other statements contained in this press release that are not historical facts. When used in this press release, the words “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, or Words of similar meaning, or future or conditional verbs, such as “will”, “would”, “should”, “could” or “might” are generally intended to identify forward-looking statements. These forward-looking statements are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are either beyond our control or cannot reasonably be predicted at this time. In addition, these forward-looking statements are subject to assumptions regarding future business strategies and decisions that are subject to change. Actual results may differ materially from the results discussed in these forward-looking statements. Readers of this press release are therefore cautioned not to place undue reliance on forward-looking statements. First Resource Bank disclaims any intention or obligation to publicly update any of the forward-looking statements contained herein, whether in response to new information, future events or otherwise.
SPRINGDALE, Ark., May 11, 2022 (GLOBE NEWSWIRE) — Tyson Foods (:TSN) is helping its team members overcome transportation barriers through Commute with Enterprise, a growing rideshare program that provides members of team a low cost way to get to work.
The relationship began last year and has grown to include 26 Tyson Foods facilities, helping more than 1,000 team members and saving approximately 4 million travel miles. Enterprise works with each location to develop a carpooling plan, which involves grouping employees based on where they live and work shifts.
Commute with Enterprise provides each group with a minivan, SUV, or minivan, along with maintenance and insurance, while passengers share responsibilities, like taking turns driving. Participants can save money by sharing vehicle rental and gas costs. On average, it costs between $15 and $25 per week to participate.
“We are always looking for ways to create a better experience for our team members, as many live and work in rural America and face long commute times,” said Hector Gonzalez, worker relations manager. and team members for Tyson Foods. “This program gives them a reliable way to work while helping them save money. It also helps offset the impact of rising fuel prices.
“Before the carpool program, my drive from Winston-Salem to Wilkesboro was about 54 miles and I spent most of my evenings in the car,” said Hazel Tibbs, a Tyson team member in Wilkesboro, Carolina. North. “Now I have more time to do things for myself and exhale from life while only spending $25 a week.”
Some factories take other measures to help team members move around. For example, the Tyson Foods plant in Eagle Mountain, Utah, created a car purchase program by offering team members three installments of $500 to help them buy reliable transportation. . Over the course of 90 days, $1,500 is paid directly to the dealer to support the purchase. Full-time and part-time team members, executive support, and temporary hires are eligible for the program.
Transportation programs are additional examples of the company’s efforts to become the most sought-after place to work in the protein industry. Tyson Foods has invested more than $500 million in pay raises and bonuses for frontline workers over the past year. In addition, it pilots subsidized and on-site child care centers, as well as seven nearby health centers. In addition to providing legal and civic support to immigrant team members, the company recently announced that it will provide free educational assistance to all American team members. A growing number of Tyson production facilities are also offering more flexible work hours for frontline workers.
To learn more about career opportunities at Tyson Foods, visit tysonfoods.com/careers
About Tyson Foods, Inc. Tyson Foods, Inc. (:TSN) is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and developed under four generations of family leadership, the company has a broad portfolio of products and brands including Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. Tyson Foods is continually innovating to make protein more sustainable, adapt foods wherever they are available, and raise the world’s expectations for food quality. Based in Springdale, Arkansas, the company had approximately 137,000 team members as of October 2, 2021. Through its core values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers , communities and team members and to serve as custodian of the animals, land and environment entrusted to it. Visit www.tysonfoods.com.
About Enterprise Holdings Enterprise Holdings, Inc. is a leading provider of mobility solutions, owning and operating the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands through its integrated global network of independent regional subsidiaries. Enterprise Holdings and its affiliates provide a wide range of car rental, car sharing, truck rental, fleet management, retail car sales, as well as travel management and other transportation services, to make travel easier and more convenient for customers. Privately owned by the Taylor family of St. Louis, Mo., Enterprise Holdings manages a diverse fleet of more than 1.8 million vehicles through a network of more than 10,000 fully staffed neighborhood and airport rental locations staff in more than 90 countries and territories..
Photo: Ronald Martinez/Getty Images (Getty Images)
Can you imagine Kanye West dodging bill collectors with an estimated net worth of over $2 billion? Yeah, I can’t either, but apparently that’s precisely what’s happening these days, as David Casavant Archive, a high-end fashion rental service, is suing the rapper for not returning the items. and paid the associated fees.
According to Insider, Ye owes a few hundred thousand dollars for several “rare and valued pieces” that have yet to make it back to the company. The David Casavant Archive prides itself on being a New York treasure trove of “the rarest and most coveted garments in the world.” The website also mentions that what makes this museum-like conservation of clothing different from other collections is that it actually lends its pieces to celebrities and other highly regarded (and wealthy) patrons.
Read more
Yeezy has apparently been a client for years alongside other industry professionals such as Rihanna, Lady Gaga and Paul McCartney. So far, business seemed to be business as usual, but according to a lawsuit filed on Tuesday, the 45-year-old designer and entrepreneur stopped paying rental fees on items he owned from October 2020.
“When defendant Ye occasionally lost items he had rented from the archives, defendant Yeezy was charged replacement costs,” Billboard reported via company attorneys. “All parties understood (as expressed orally and in writing and reflected in many years of prior dealings) that because clothing is not a readily replaceable commodity.”
Per resort, Ye owes a total of $221,810 in unpaid fees and $195,100 for clothes that will likely need to be replaced.
Although we hate to see it, this isn’t the only lawsuit with Ye (legal name) on it. House music artist Marshall Jefferson is also suing West for illegally sampling their 1986 track, “Move Your Body,” which features on a recent single, “Flowers” on the “Donda 2” album.
Finding people willing to work for the county remains a problem for the Faribault County Board of Commissioners.
“A person we approved last month to start working for the county informed us that his current employer had offered him more money so that he would not accept the county job,” County Auditor/Treasurer/Coordinator Darren Esser told board members.
County Attorney Cameron Davis was also present at the meeting and said no nominations had been submitted for the position of assistant county attorney.
“The rest of the employees in my office are feeling the pressure,” Davis shared.
Esser had some good news to report.
“The hiring committee interviewed four people for the position of senior auditor clerk and unanimously agreed to offer the position to Amy Huber,” Esser said. “She accepted the offer and will start on July 13.”
The board approved a motion to hire Huber.
Asked by board chairman Greg Young about the number of positions remaining, Esser replied: “There are still 10 or 11 positions that could be filled.”
Sheriff Mike Gormley and Deputy Chief Scott Adams were at the meeting with a request for approval to purchase a replacement squad vehicle for the welfare fraud station.
“We had $30,000 in our 2022 budget for this purchase,” Gormley explained. “We found a 2022 Chevrolet Equinox at Hawkins Chevrolet in Fairmont for the listed price of $30,190.”
The marshals asked if there were a lot of lights that should be installed on the vehicle.
“It actually has very minimal lighting requirements,” Adams replied.
He also noted that the current welfare car, a 2014 Taurus, will be transferred to a transport car.
The board passed a motion approving the purchase of the new vehicle.
The Buildings and Grounds Supervisor, Saxon Warmka, was also present at the meeting with a proposal to lease or purchase two 40ft Conex style shipping/storage containers which are to be on site during the construction project. HVAC (heating, ventilation, air conditioning) of the courthouse.
“The cost of renting a unit per year is $3,336 or a like-new container can be purchased for $6,200,” Warmka commented. “You can buy cheaper containers, but they can be filled with bullet holes or painted with graffiti.”
Commissioners Bruce Anderson and Bill Groskreutz expressed concerns about the rental, saying it was very likely the containers would have to stay put for more than a year.
“If so, we better buy them,” Anderson said. “Then we can sell them when they are no longer needed.”
Commissioners approved a motion to purchase two like-new containers, for $6,200 each, from Any Way You Want It Storage.
“We plan to place them on the empty lot east of the courthouse across Main Street,” Warmka shared.
The board also voted to approve Payment #2 on the Courthouse HVAC project in the amount of $27,759.
“Work continues on county freeway projects,” Director of Public Works Mark Daly told the commissioners. “Almost all work is complete on County State Aid Highways (CSAH) 21, 28, 30 and 31. Work on CSAH 29 is scheduled to begin this week with extensive reclamation and paving is scheduled for mid-August. No work has been done on the Unity Trail at Blue Earth at this time.
Daly also had a resolution for the commissioners to pass that stated that all work had been completed on the 2021 overlay projects, with the final amount for those projects paid in full and totaling $4,647,836.
In other cases:
• Council passed a resolution updating the county liquor license fee schedule.
• A motion was moved and passed asking the Chair of the Board to sign and send a letter of support for Bevcomm’s border-to-border broadband grant application.
• Council approved storage rental agreements for county offices located at the Agricultural Center. The cost of storage for 4-H will be $25 per month for approximately 80 square feet of storage. The Economic Development Authority and the Soil and Water Conservation District will each pay $35 per month for 150 square feet of storage and the Veterans Services Bureau will pay $70 per month for 200 square feet.
• The board voted to approve Lori Mehrhof’s training application from the County Assessor’s Office to attend the 2022 Minnesota Assessment Staff Association Summer Institute.
Peter Joseph Muise, of Marion, formerly of Hanson, died on July 6, 2022 at Brigham and Women’s Hospital in Boston after a courageous 19-year battle with cancers and post-transplant complications.
He began his banking career in 1977 at Quincy Savings Bank and rose through the ranks to become Senior Vice President Chief Financial Officer. Peter joined First Citizens’ Federal Credit Union in 1996 and served as Executive Vice President and Chief Operating Officer prior to his appointment as President and Chief Executive Officer in August 2008 until his retirement in January 2021 .
Peter is survived by his wife, best friend and partner of 50 years, Robin (Fitzpatrick) Muise; and his three children, a son, Jason and his wife Alissa of Holden; one daughter, Carly and her husband Jeff Lavin of Mattapoisett, one daughter Krista and her husband PJ O’Brien of Tolland, CT; and 9 grandchildren, Wyatt, Emily, Lyla, Everly, Graeme, Finnegan, Myles, Rory and Maisie. He is also survived by one sister, Barbara and her husband Dennis Fleming; a sister-in-law Joanne and her husband Dan Englehardt; one brother-in-law Robert and his wife Susan Fitzpatrick; and a sister-in-law MaryLee Muise. He was the favorite uncle of several nieces and nephews and godfather of 6. He was predeceased by his parents; brother David Muise; and father and stepmother Robert G. and Maria Aline (Machado) Fitzpatrick.
The family is extremely grateful for the compassionate and loving care Peter received from the staff at Dana Farber, Brigham and Women’s and Mass Eye and Ear. We thank them for the extra time they gave us to be together, and the way they honored Peter and supported us through every trial and tribulation. These amazing people are more than caregivers, they are part of our family forever.
A Christian Burial Mass will be celebrated at St Anthony’s Church, 26 Hammond St, Mattapoisett, MA on Wednesday, July 13, 2022 at 10 a.m. The public is invited to meet directly at the church. Interment will follow at Old Landing Cemetery, Marion. Visitation will be Tuesday, July 12, 2022 from 4-8 p.m. at Saunders-Dwyer Home for Funerals, 50 County Rd. Mattapoisett. In lieu of flowers, donations in Peter’s memory may be made to Rise up for Homes, (? Interchurch Council of Greater New Bedford, 128 Union Street Suite100, New Bedford, Ma 02740 or online at riseupforhomes.com) and to Housing Assistance Corporation (460 West Main Street, Hyannis, MA 02601 or online at https://haconcapecod.org/make-donation/). These donations will be used to continue his work serving the homeless and those less fortunate. For the full obituary and online condolence book, please visit www.saundersdwyer.com.
New Jersey, United States – The Blockchain for enterprise application market The research report aims to provide a quick overview of the overall industry performance and important new trends. Important information, as well as conclusions, latest key drivers and constraints, are also described here. A wide range of quantitative and qualitative techniques are used by market analysts, including in-depth interviews, ethnography, customer surveys, and secondary data analysis. It becomes easy for major players to collect important data regarding key organizations along with information such as customer behavior, market size, competition and market needs. By referring to this Blockchain for Enterprise Application Market research report, it becomes easy for key players to take evidence-based decisions.
This Blockchain for Enterprise Application Market research report adds the potential to impact its readers and users as market growth rate is affected by innovative products, rising demand for the product, wealth raw materials, increasing disposable income and changing consumer technologies. It also covers the effect of COVID-19 virus on market growth and development. Market participants can briefly study the report before investing in the market and expect higher returns. According to the report, the market scenario continues to fluctuate based on many factors.
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Several industries are interested in determining what customers really want and the Blockchain for Business Applications market report aids in this regard by carrying out detailed market research. Before bringing a new product to market, every business owner wants to know the demand for the product, and this market research report is the best guide for them. It further helps in meeting business requirements by covering all the latest advances in the market. The Blockchain for Enterprise Application Market report is the best way to have a close eye on the activities of leading competitors as well as the strategies they are deploying for the expansion of their business. It further conducts in-depth analysis for the 2022-2028 assessment period to provide more business opportunities for business owners.
Top Key Players in Blockchain for Enterprise Applications Market Research Report:
Key Segments Covered in Blockchain for Enterprise Applications Market – Industry Analysis by Types, Applications, and Regions:
Blockchain for Enterprise Application Market – Type Outlook (Revenue, USD Million, 2017 – 2029)
• Public blockchains • Private blockchains • Semi-private or hybrid blockchains
Blockchain for Enterprise Application Market – Application Outlook (Revenue, USD Million, 2017-2029)
• Large companies • Medium and small businesses
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Scope of the Blockchain for Enterprise Applications Market Report
ATTRIBUTES
DETAILS
ESTIMATED YEAR
2022
YEAR OF REFERENCE
2021
FORECAST YEAR
2029
HISTORICAL YEAR
2020
UNITY
Value (million USD/billion)
SECTORS COVERED
Types, applications, end users, and more.
REPORT COVER
Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.
Regional Analysis Of Blockchain For Enterprise Applications Market:
The Blockchain for Enterprise Applications market research report details current market trends, development outline, and several research methodologies. It illustrates the key factors that directly manipulate the market, for example, production strategies, development platforms, and product portfolio. According to our researchers, even minor changes in product profiles could lead to huge disruptions in the factors mentioned above.
? North America (United States, Canada and Mexico) ? Europe (Germany, France, UK, Russia and Italy) ? Asia-Pacific (China, Japan, Korea, India and Southeast Asia) ? South America (Brazil, Argentina, Colombia, etc.) ? Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)
What insights does the Blockchain for Enterprise Applications market report provide readers?
? Blockchain for fragmentation of enterprise applications based on product type, end use and region ? Comprehensive assessment of upstream raw materials, downstream demand and current market landscape ? Collaborations, R&D projects, acquisitions and product launches of each Blockchain for Enterprise Applications player ? Various regulations imposed by governments on the consumption of Blockchain for enterprise applications in detail ? Impact of modern technologies, such as big data and analytics, artificial intelligence and social media platforms on Blockchain for enterprise applications
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The recent research report on Global Ski Clothing Rental Market 2022-2028 explains current market trends, possible growth rate, differentiable industry strategies, future prospects, significant players and their profiles, regional analysis and industry shares along with forecast details. The detailed study offers a wide range of considerable information which also emphasizes the significance of key parameters of the global Ski Clothing Rental Market.
The ski wear rental market is expected to grow at a CAGR of 12% during the forecast period.
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Top Key Players are covered in this report:
SkiGala, Slope Threads, Intersport Rent, Mountain Threads, GO!Ski, Ski Butlers, Powder House, Wasatch Ski And Snowboard Rental, Jans, Carvers, Sport Bruno Riffeser, Flexrent, Norski Sports, Snow Masters, Cypress Mountain, Vail Ski, EcoSki , Exclusive Sport Rentals, Veliki, Méribel, Sports Basement, Whistler Winter Wear, Loveland, TSAKIRIS Ski & Snowboard Rentals, Obertauern And Turracherhöhe, Spicy Sports, Sanglard, Fast Ski Sports, Sport 2000 Rent
On the basis of product, the ski wear rental market is primarily split into:
Child Adult
KBased on end users/application, this report covers
Ski station Seaside resort Others
Market segment by region/country comprising:
Asia Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia] Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America[United States, Canada, Mexico] Middle East and Africa[GCC, North Africa, South Africa] South America[Brazil, Argentina, Columbia, Chile, Peru]
Key Highlights of the Ski Clothing Rental Market report study: • A detailed overview of the global ski wear rental industry • The report analyzes the global ski wear rental market and provides its stakeholders with important actionable insights • The report has considered all the major developments in the recent past, helping the users of the report with the latest industry updates • The study of the report should help the key decision makers in the industry to help them in the decision-making process • The study includes data on Ski Clothing Rental market intelligence, changing market dynamics, current and forecasted market trends, etc. • The report includes an in-depth analysis of macroeconomic and microeconomic factors affecting the global ski wear rental market • Market ecosystem and adoption in all market regions • Key trends shaping the global ski wear rental market • Historical and forecast size of the ski wear rental market in terms of revenue (USD Million)
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The Ski Clothing Rental Market report provides a primary review of the industry along with definitions, classifications, and the form of the business chain. Market analysis is provided for global markets which includes improving trends, assessment of hostile views and development of key regions. Development policies and plans are discussed in addition to manufacturing strategies and royalty systems are also analyzed. This file also indicates import/export consumption, supply and demand, expenses, sales and gross margins.
Browse the full report at: https://www.theresearchinsights.com/reports/global-ski-clothing-rental-market-growth-2022-2028-526558?mode=08RB
Research covers the following objectives: – To study and analyze the global Ski Wear Rental consumption by key regions/countries, product type and application, history data from 2016 to 2022, and forecast to 2026. – To understand the structure of Ski Clothing Rental by identifying its various subsegments. – Focuses on the key global Ski Wear manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, Porter’s Five Forces Analysis, SWOT analysis and development plans over the next few years. – To analyze the Ski Clothing Rental with respect to individual growth trends, future prospects, and their contribution to the total market. – Share detailed information about key factors influencing market growth (growth potential, opportunities, drivers, industry-specific challenges, and risks). – To project the consumption of Ski Clothing Rental submarkets, with respect to key regions (along with their respective key countries). Report customization: Ski Clothing Rental, the report can be customized to suit your business needs as we recognize what our customers want, we have extended customization by 25% at no additional cost to all of our customers for any of our syndicated reports . In addition to customizing our reports, we also offer fully customized research solutions to our clients across all industries we track. Our research and insights help our clients identify compatible business partners. To note: All of the reports we list tracked the impact of COVID-19 on the market. In doing so, the upstream and downstream flows of the entire supply chain have been taken into account. Additionally, where possible, we will provide an additional COVID-19 update report/supplement to the Q3 report, please check with the Commercial team.
About Us: The Research Insights – A world leader in analysis, research and advice that can help you renew your business and change your approach. With us, you will learn to make decisions without fear. We make sense of disadvantages, opportunities, circumstances, estimates and information using our experienced skills and verified methodologies. Our research reports will give you an exceptional experience of innovative solutions and results. We have effectively led businesses around the world through our market research reports and are in an excellent position to lead digital transformations. Therefore, we create greater value for customers by presenting advanced opportunities in the global market.
(RTTNews) – UK stocks rose sharply on Thursday as falling commodity prices and Samsung Electronics’ better-than-expected second-quarter profit forecast helped ease investor concerns over rising oil prices. inflation.
Investors were also reacting to unconfirmed reports that Prime Minister Boris Johnson would step down today, following an unprecedented wave of government resignations over the past two days.
The benchmark FTSE 100 index jumped 82 points, or 1.2%, to 7,190 after rising 1.2% on Wednesday.
Miners were higher, following gains in Chinese iron ore futures. Anglo American jumped 7.4%, Antofagasta 6.4% and Glencore 7.3%. Banks gained, with HSBC Holdings, Lloyds Banking Group and NatWest Group up 2-3%.
Shell gained 2.2% after the energy giant said higher fuel production margins could have added more than $1 billion (980 million euros) to profits at its refining business in the last trimester.
Homebuilder Persimmon plunged 5% after warning of a drop in the volume of new homes delivered in the first half.
Electronics retailer Currys climbed 7% after reporting annual pre-tax profit that beat expectations.
In economic releases, UK house prices rose at the fastest annual rate since late 2004 in June, according to survey data from Lloyds Bank Halifax branch.
The house price index rose 13.0% year-on-year in June, faster than the 10.7% rise in May. The latest annual price increase was the fastest since late 2004.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Xponance Inc. decreased its position in shares of Arrow Electronics, Inc. (NYSE: ARW – Get Rating) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor held 7,650 shares of the technology company after selling 268 shares during the period. Xponance Inc.’s holdings in Arrow Electronics were worth $908,000 when it last filed with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ARW. Voloridge Investment Management LLC acquired a new stake in shares of Arrow Electronics during the third quarter worth approximately $337,000. UBS Group AG increased its equity stake in Arrow Electronics by 0.3% during the third quarter. UBS Group AG now owns 53,766 shares of the technology company worth $6,037,000 after buying 139 more shares last quarter. Stonnington Group LLC acquired a new stake in shares of Arrow Electronics during the fourth quarter worth approximately $400,000. Exchange Traded Concepts LLC increased its stake in Arrow Electronics shares by 4.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,196 shares of the technology company valued at $429,000 after buying 129 additional shares last quarter. Finally, Koshinski Asset Management Inc. increased its stake in Arrow Electronics shares by 106.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 577 shares of the technology company valued at $77,000 after buying 297 additional shares last quarter. 93.38% of the shares are held by institutional investors.
A number of brokerages have weighed in on ARW recently. Truist Financial lowered its price target on Arrow Electronics shares from $143.00 to $126.00 and set a “holding” rating for the company in a Friday, April 8 report. StockNews.com moved shares of Arrow Electronics from a “buy” rating to a “strong buy” rating in a Saturday, May 28, report.
In other news, SVP Vincent P. Melvin sold 5,334 shares of Arrow Electronics in a trade on Thursday, May 19. The shares were sold at an average price of $122.26, for a total transaction of $652,134.84. As a result of the transaction, the senior vice president now directly owns 25,381 shares of the company, valued at $3,103,081.06. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Additionally, director Andrew Charles Kerin sold 1,550 shares of Arrow Electronics in a trade on Friday, May 13. The stock was sold at an average price of $125.11, for a total transaction of $193,920.50. The disclosure of this sale can be found here. Insiders sold a total of 29,475 shares of the company valued at $3,648,254 in the past ninety days. Insiders of the company hold 1.00% of the shares of the company.
ARW opened at $109.25 on Wednesday. The company has a fifty-day moving average price of $117.77 and a two-hundred-day moving average price of $121.52. The company has a debt ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.49. Arrow Electronics, Inc. has a 52 week low of $105.33 and a 52 week high of $137.95. The company has a market capitalization of $7.21 billion, a PE ratio of 6.14, a P/E/G ratio of 1.66 and a beta of 1.34.
Arrow Electronics (NYSE:ARW – Get Rating) last released its results on Thursday, May 5. The technology company reported EPS of $5.43 for the quarter, beating analyst consensus estimates of $4.53 by $0.90. Arrow Electronics had a net margin of 3.60% and a return on equity of 24.40%. The company posted revenue of $9.07 billion in the quarter, versus analyst estimates of $8.71 billion. In the same quarter of the previous year, the company achieved EPS of $2.84. The company’s quarterly revenue increased by 8.2% compared to the same quarter last year. Equity analysts expect Arrow Electronics, Inc. to post EPS of 21.57 for the current year.
Arrow Electronics Company Profile (Get an assessment)
Arrow Electronics, Inc provides products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, Middle East, Africa and Asia-Pacific. The Company operates in two segments, Global Components and Global Enterprise Computing Solutions.
See also
Want to see which other hedge funds hold ARW? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Arrow Electronics, Inc. (NYSE:ARW – Get Rating).
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Some good news: Monthly sales comparisons have seen steady improvement since January, despite the lack of industry supply. faces.
Photo: Obi – @pixel6propix on Unsplash
When it comes to new vehicle sales, the US car rental industry continues to feel the effects of supply chain disruption.
In the first six months of 2022, rental fleet sales totaled 341,983 units, down 32% from the same period in 2021. According to data collected by Bobit, the first-half totals mark the lowest rental fleet sales in at least 20 years. – easily eclipsing the nadir of 788,349 units in the first half of 2011 as the industry emerged from the Great Recession.
At the same time, monthly comparisons have been steadily improving since January. June 2022 sales totaled 56,652 units, down just 9.8% from June 2021. However, comparisons to 2021 are becoming skewed as the supply issue blossomed in the second quarter of the year. ‘last year.
Comparisons with 2019 – the last pre-pandemic year – put sales in historical context: In 2019, rental sales totaled 180,020 units in June, marking a 68.5% drop from sales in June 2022 In the first half of 2019, 1,080,983 units were sold to rental fleets, down 68.4% this year.
These low sales figures are not an anomaly compared to the overall US sales market which is still constrained by a lack of supply.
Cox Automotive noted in its first-half new-vehicle sales forecast that its “initial expectation for improved vehicle inventory in 2022 has not materialized” and that while used-vehicle inventory has returned to normal, the stock of new vehicles “continues to be the largest in the industry”. headwind.”
Cox’s seasonally adjusted annual rate (SAAR) of new-vehicle sales for June came in at 13.8 million, up from last month’s pace of 12.7 million but well below the 15-point level, 5 million from last year. Seeing “no clear timeline for a noticeable recovery in new vehicle inventory levels,” Cox Automotive lowered its 2022 U.S. auto sales forecast to 14.4 million units from its previous forecast of 15.3 million.
Texas-based Wan Bridge, a builder and operator of build-to-let (BTR) communities, has officially opened the doors to the company’s Georgetown Heights rental development in Georgetown, Texas. The community includes 48 three- to four-bedroom two-story duplexes ranging from 1,400 to 2,100 square feet.
“We look forward to welcoming residents to Georgetown Heights, our first BTR community in one of Austin’s thriving submarkets,” said Ting Qiao, CEO of Wan Bridge. “Residents can expect all the hallmark qualities of the Wan Bridge brand, such as thoughtful modern designs, high quality finishes, excellent service from our property management department and 24/7 maintenance. .”
According to Wan Bridge, Georgetown Heights mixes modern and Texas-style architecture. The development features spacious floor plans, energy-efficient appliances, two-car garages, private yards, and smart home complexes. The bedrooms offer the possibility of being used as offices, hobby rooms and guest rooms. On-site maintenance in the community includes lawn care, air filter and light bulb replacement, and pest control services.
The inauguration of Georgetown Heights follows the opening of the company’s Pradera Oaks BTR community in the greater Houston area. The company recently announced a pipeline expansion of more than 1,000 additional BTR units across the state of Texas in partnership with developer Land Tejas and held a grand opening in its first Texas community in Denton, Texas. The company plans to open 20 to 30 new BTR communities in the suburbs of Houston, Dallas and Austin over the next 12 months and build 30,000 homes primarily in the suburbs of major Texas metropolitan areas over the next five years.
The agricultural company Samunnati has entered into a co-loan partnership aimed at the agricultural producer organization (OPF) space with (). The initial amount of the program is Rs 100 crore.
This partnership will enable Samunnati to extend its reach to FPOs with customized financial solutions at affordable interest rates, leveraging the vast resources available with SBI. The partnership will enhance the SBI channel’s credit reach to the underserved smallholder farmer segment of the agriculture sector, leveraging Samunnati’s reach and nuanced understanding of the FPO sector.
SBI and Samunnati have also entered into a non-financial Memorandum of Understanding to develop the FPO sector, integrate FPOs as an asset class and increase awareness of this class of farmer-owned institutions in the banking sector.
Samunnati works with a growing network of over 3000 farmer collectives with a membership base of over 6 million farmers with solutions spanning Agri Finance, Agri Commerce and advisory services.
Speaking to the Founder and CEO of Samunnati, Mr. Anil Kumar SG said, “We are delighted to partner with SBI, the largest and most trusted brand in Indian banking. SBI’s pan-India presence and deep interest in financial inclusion for smallholder farmers are catalysts to help an FPO benefit from a range of financial services. Our collective ambition is to make markets work for smallholder farmers by making adequate, affordable and timely credit available to FBOs. »
In November 2020, the Reserve Bank of India (RBI) issued guidelines on the co-lending model between scheduled commercial banks and NBFCs. SBI is one of the first banks to participate in a co-lending program aimed at integrating FPOs as an asset class.
Mr. Sree Rama Charyulu M, GM, NBFC Alliances of SBI said, “We see immense opportunity in this partnership to impact the agricultural ecosystem. Samunnati’s focus in creating impact in the FPO space is extremely relevant and we believe there are significant rural business opportunities hidden within these farmer collectives. SBI wants to establish a strong foothold in this space by leveraging partnership ties, on the one hand, to reach out to customers while extending SBI’s superior financial product design capabilities to our partners. This will create synergies at the operational level.
New Jersey, United States – The Textiles Home Decor Market The research report aims to provide a quick overview of the overall industry performance and important new trends. Important information, as well as conclusions, latest key drivers and constraints, are also described here. A wide range of quantitative and qualitative techniques are used by market analysts, including in-depth interviews, ethnography, customer surveys, and secondary data analysis. It becomes easy for major players to collect important data regarding key organizations along with information such as customer behavior, market size, competition and market needs. By referring to this Home Decor Textiles Market research report, it becomes easy for key players to take evidence-based decisions.
This Home Decor Textiles Market research report adds the potential to impact its readers and users as market growth rate is affected by innovative products, rising demand for the product, richness in raw materials, increasing disposable incomes and changing consumer technologies. It also covers the effect of COVID-19 virus on market growth and development. Market participants can briefly study the report before investing in the market and expect higher returns. According to the report, the market scenario continues to fluctuate based on many factors.
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Key Players Mentioned in the Home Decor Textiles Market Research Report:
Several industries are interested in determining what customers really want and the Home Decor Textiles market report aids in this regard by carrying out detailed market research. Before bringing a new product to market, every business owner wants to know the demand for the product, and this market research report is the best guide for them. It further helps in meeting business requirements by covering all the latest advances in the market. The Home Decor Textiles Market report is the best way to keep a close eye on the activities of the leading competitors as well as the strategies they are deploying for the expansion of their business. It further conducts in-depth analysis for the 2022-2028 assessment period to provide more business opportunities for business owners.
Home Decor Textiles Market Segmentation:
Textile Home Decor Market, By Product Type
• Carpet • Bath linen • Bedding • Others
Home Decor Textiles Market, By Distribution Channel
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Scope of the Home Decor Textiles Market Report
ATTRIBUTES
DETAILS
ESTIMATED YEAR
2022
YEAR OF REFERENCE
2021
FORECAST YEAR
2029
HISTORICAL YEAR
2020
UNITY
Value (million USD/billion)
SECTORS COVERED
Types, applications, end users, and more.
REPORT COVER
Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.
Answers to key questions in the report:
1. Who are the top five players in the Home Decor Textiles market?
2. How will the Home Decor Textiles market develop in the next Five years?
3. Which product and application will occupy the lion’s share of the Home Decor Textiles market?
4. What are the drivers and restraints of Home Decor Textiles Market?
5. Which regional market will show the strongest growth?
6. What will be the CAGR and size of the Home Decor Textiles market throughout the forecast period?
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At Verified Market Research, we help in understanding holistic market indicator factors and most current and future market trends. Our analysts, with their deep expertise in data collection and governance, use industry techniques to gather and review data at all stages. They are trained to combine modern data collection techniques, superior research methodology, subject matter expertise and years of collective experience to produce informative and accurate research.
Having served over 5000 clients, we have provided reliable market research services to over 100 Global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi. We have co-consulted with some of the world’s leading consulting firms such as McKinsey & Company, Boston Consulting Group, Bain and Company for custom research and consulting projects for companies around the world.
The latest report, distributed by Verified Market Reports, shows CT rental markets around the world will grow at an alarming rate in the coming years. The experts considered the market drivers, limits, risks, and openings that exist across the entire market. The report shows market speculation that incorporates estimates. A thorough examination provides a thorough understanding of the direction of the market.
Global CT Rental Market: Segmentation
For point-by-point evaluation, the global CT rental market is divided on the basis of technology, products and services. This market segment allows a detailed investigation of a large number of components affecting the market. Analysts have thoroughly examined changing examples of innovation, upcoming trends, player-created companies in innovative work, and growing applications. In addition, the experts have assessed the socio-economic development and changing usage design, which affect the global CT rental market.
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Study of the competitive landscape
It begins with an overview of the vendor landscape, followed by an analysis of industry concentration and the ranking of the major players in the global CT Rental market. In the competitive scenario, our analysis shed light on the following topics.
The main players in the CT rental market are:
Block imagery
Rent it today
KWIPPE
Sound Imaging Inc.
Medical parts and equipment PROMED eK
A-1 MEDICAL INTEGRATION
Associated X-ray Imaging Society
Global CT Rental Market Segmentation:
CT Rental Market Segment By Type:
CT Rental Market Segment By Application:
Medical staff
Medical institutions
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Scope of CT Rental Market Report
ATTRIBUTES
DETAILS
ESTIMATED YEAR
2022
YEAR OF REFERENCE
2021
FORECAST YEAR
2029
HISTORICAL YEAR
2020
UNITY
Value (million USD/billion)
SECTORS COVERED
Types, applications, end users, and more.
REPORT COVER
Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.
Regional CT Rental Market Analysis can be represented as follows:
This part of the report assesses key regional and country-level markets on the basis of market size by type and application, key players, and market forecast.
On the basis of geography, the global market for, CT Rental has been segmented as follows:
North America includes the United States, Canada and Mexico
Europe includes Germany, France, UK, Italy, Spain
South America includes Colombia, Argentina, Nigeria and Chile
Asia Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia
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We also provide insight into the strategic and growth analytics and data needed to achieve business goals and critical revenue decisions.
Our 250 analysts and SMEs offer a high level of expertise in data collection and governance using industry techniques to collect and analyze data on over 25,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
Our research spans a multitude of industries, including energy, technology, manufacturing and construction, chemicals and materials, food and beverage, and more. Having served many Fortune 2000 organizations, we bring a wealth of reliable experience that covers all kinds of research needs.
Smaller banks in China are in trouble as they are accused of crimes, bad debts and excessive risk, due to Xi Jinping’s failed zero Covid policy. Peter, a depositor, who had placed his savings of around $6 million in accounts at three small banks in China’s Henan province, said he had not been able to access them since April, CNN reported.
“I’m about to have a nervous breakdown. I can’t sleep,” CNN Business quoted Peter as reporting. Besides Peter, thousands of depositors have fought to get their savings back from at least six banks located in rural provinces in central China.
Last year, China Bohai Bank, a national joint-stock commercial bank, was accused of secretly using a customer’s $438 million in deposits as collateral. The charges come from the company “Jiangxi Jemincare Group Co”, which informed that its deposits at Bohai Bank were secretly used as collateral by the bank for a petrochemical company in Nanjing, local media reported.
According to media reports, four banks in Henan suspended cash withdrawals in April this year. Local banks in China are only allowed to take deposits from their original customer base, but authorities said “third-party platforms” were used to acquire funds from depositors outside the region.
The national banking regulator has accused a majority shareholder of the four banks of illegally drawing money from savers. “Henan New Fortune Group, shareholder of the four village banks, illegally absorbed public funds through internal and external collusion, use of third-party platforms and fund brokers,” the China Banking Regulatory Commission said. and insurance at the state agency. Xinhua News Agency in May.
Runs on smaller Chinese banks have become more frequent in recent years, and some have been accused of financial irregularities or corruption, CNN reported. Experts have expressed concern that the biggest financial problem may be looming, caused by the fallout from a real estate crash and soaring bad debts related to the COVID-19 pandemic.
At least 400,000 bank customers across China have been unable to access their savings, according to an April estimate from Sanlian Lifeweek, a public magazine cited by CNN. (ANI)
(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)
The luxury car rental market The report is prepared for the sole purpose of providing players with cutting-edge analysis and useful recommendations to secure the best position in the global luxury car rental market. You can discover high growth opportunities in the global Luxury Car Rental market through our exclusive research and assess risk factors to stay prepared to face any market issues ahead of time. Our in-depth segmentation research allows us to focus on key segments of the global luxury car rental market and formulate effective strategies to capitalize on the growth prospects they have created. The report includes a study of the luxury car rental market size by value and volume and provides important market figures such as annual average, market share, growth rate, production, consumption and income.
The regional analysis provided in this study provides a comprehensive study of the global luxury car rental market growth across different regions and countries. Readers also receive a comprehensive competitive analysis, which includes a detailed profile of key players operating in the global luxury car rental market. The report contains a dedicated market dynamics section where market influencers, luxury car rental market growth drivers, limitations, challenges, trends, and opportunities are broadly discussed. The statistical information provided in this report is a powerful tool to clearly and quickly understand the progress of the Luxury Car Rental Market in the past and future years.
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Study of the competitive landscape
It begins with an overview of the vendor landscape, followed by an analysis of industry concentration and the ranking of the major players in the global luxury car rental market. In the competitive scenario, our analysis shed light on the following topics.
The major players in the luxury car rental market are:
Company
Hertz
Budget Reviews
sixth
Europcar
Location
SELF
Movida
Unidas
gold car
eHi Car Services
Fox Rent A Car
Global Luxury Car Rental Market Segmentation:
Luxury Car Rental Market Segment By Type:
Business rental
Leisure Rental
Luxury Car Rental Market Segment By Application:
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Scope of the Luxury Car Rental Market Report
ATTRIBUTES
DETAILS
ESTIMATED YEAR
2022
YEAR OF REFERENCE
2021
FORECAST YEAR
2029
HISTORICAL YEAR
2020
UNITY
Value (million USD/billion)
SECTORS COVERED
Types, applications, end users, and more.
REPORT COVER
Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.
The analysis of the regional luxury car rental market can be represented as follows:
This part of the report assesses key regional and country-level markets on the basis of market size by type and application, key players, and market forecast.
Based on geography, the global luxury car rental market has been segmented as follows:
North America includes the United States, Canada and Mexico
Europe includes Germany, France, UK, Italy, Spain
South America includes Colombia, Argentina, Nigeria and Chile
Asia Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia
To get more insights on market analysis, browse the research report summary @ https://www.verifiedmarketreports.com/product/global-luxury-car-rental-market-2019-by-manufacturers-regions-type-and-application-forecast-to-2024/
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Kyndryl Holdings, Inc. (NYSE:KD – Get Rating) was the target of strong short-term interest growth in June. As of June 15, there were short interests totaling 11,300,000 shares, a growth of 49.3% from the total of 7,570,000 shares as of May 31. Approximately 5.7% of the company’s shares are sold short. Based on an average trading volume of 2,550,000 shares, the short interest ratio is currently 4.4 days.
NYSE KD traded down $0.26 on Friday, hitting $10.04. 2,442,102 shares were traded, against an average volume of 2,371,394. Kyndryl has a 1-year low of $9.10 and a 1-year high of $52.00. The company’s 50-day simple moving average is $11.32 and its two-hundred-day simple moving average is $13.78. The company has a debt ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.27.
Kyndryl (NYSE:KD – Get Rating) last released its results on Wednesday, May 4. The company reported ($0.18) EPS for the quarter. The company posted revenue of $4.43 billion for the quarter. As a group, research analysts expect Kyndryl to post 0.05 earnings per share for the current year.
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In other Kyndryl news, Chief Financial Officer David B. Wyshner acquired 24,080 shares in a trade dated Thursday, May 12. The shares were purchased at an average price of $10.47 per share, for a total transaction of $252,117.60. Following the purchase, the CFO now directly owns 350,571 shares of the company, valued at $3,670,478.37. The acquisition was disclosed in a filing with the SEC, which is available at this link. Additionally, major shareholder Business Machine International sold 22,301,536 shares in a transaction that took place on Thursday, May 19. The stock was sold at an average price of $13.95, for a total transaction of $311,106,427.20. Following the completion of the transaction, the insider now owns 22,301,536 shares of the company, valued at approximately $311,106,427.20. The disclosure of this sale can be found here. Insiders acquired a total of 133,780 shares of the company worth $1,498,513 over the past 90 days. Insiders of the company own 0.23% of the shares of the company.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. WealthTrust Axiom LLC increased its stake in Kyndryl by 8.3% in Q1. WealthTrust Axiom LLC now owns 11,148 shares of the company worth $146,000 after acquiring an additional 851 shares during the period. Louisiana State Employees Retirement System increased its stake in Kyndryl by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 47,000 shares of the company valued at $588,000 after buying 900 additional shares last quarter. Duncker Streett & Co. Inc. acquired a new stake in Kyndryl during Q4 valued at approximately $27,000. Greenwich Wealth Management LLC increased its stake in Kyndryl by 13.4% in Q1. Greenwich Wealth Management LLC now owns 12,899 shares of the company valued at $169,000 after purchasing an additional 1,520 shares last quarter. Finally, JFS Wealth Advisors LLC acquired a new stake in Kyndryl during Q4 valued at approximately $28,000. Institutional investors hold 44.48% of the company’s shares.
Kyndryl Company Profile (Get an evaluation)
Kyndryl Holdings, Inc operates as a technology services company and provider of IT infrastructure services worldwide. The company offers cloud services; basic enterprise and cloud services; application, data and artificial intelligence services; digital workplace services; security and resilience services; and network services and edge services.
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Dubai is a beautiful city full of luxury and adventure. If someone is planning a trip to Dubai, one of the best ways to get around is by renting a car.
Dubai is a beautiful city full of luxury and adventure. If someone is planning a trip to Dubai, one of the best ways to get around is by renting a car. With a Dubai car rental service, they can explore the city at their own pace and see all the sights Dubai has to offer. Therefore, while planning the trip, make sure to book the required car rental in Dubai in advance. This will ensure the person gets the best possible rate and avoid last minute surprises.
There are a few things to keep in mind when planning to rent a car in Dubai. First of all, it is better to understand the city traffic rules thoroughly. Driving in Dubai can be tricky, so it’s important to know the rules of the road before getting behind the wheel.
Second, make sure you know the different types of rental cars available. There are economy cars, luxury cars and even sports cars available for rent in Dubai. Choose the type of car that best suits your needs and budget.
Finally, make sure you are familiar with the different companies that offer car rentals in Dubai. Then compare rates and services to find the best deal. The car rental service in Dubai can certainly meet everyone’s needs, whether they are looking for an economy car or a luxury car.
Car rental services in Dubai are the most convenient way to get around the city.
There is no doubt that car rental services in Dubai are the most convenient way to get around the city. With a wide variety of vehicles to choose from and a network of locations across the city, it’s easy to find a service that meets your needs, Rentogo is a new but reliable car rental service in Dubai with over 100 cars in their fleet. Plus, many of these services offer discounts and specials, making them even more affordable. For those looking for an economical car or a luxury SUV, car rental services in Dubai are the best choice to navigate the city.
When looking for a rental car in Dubai, it is important to shop around. There are many choices available and several companies offer similar vehicles at different price points. Therefore, it is wise to compare the rental cost from different companies before making the final decision. Some companies also offer more affordable options for those who wish to share their vehicle with others.
For those who can spend a little extra money on their rental car, you might consider renting one of the newer models. Many people prefer to drive the latest models, but they can be expensive. For those who are hesitant to find the model they want, you can inquire with the respective car rental company about their selection. They should be able to recommend a few models that will suit the client’s needs and budget.
After finding the right service and the right vehicle, it is necessary to familiarize yourself with all the details of the rental agreement. Find out how long the service will last and the type of insurance included.
Media Contact Company Name: Rentogo Car Rental E-mail:Send an email Call: +971-52-132-3803 Address:Um Suqeim Road Street 9 Al-Barsha Town: dubai Country: United Arab Emirates Website:https://www.rentogo.ae/
basketball wives THE reality star British Cirah Williams is heated that the court ordered her to wear an ankle monitoring bracelet. According to RadarOnline, Williams claims the bulky GPS device cost him a profitable gig with RihannaSavage x Fenty.
Federal fraud charges were brought against Williams by a federal grand jury on September 22 for fraudulent use of a Social Security number, four charges of bank fraud, three charges of making false statements to the Internal Revenue Service (IRS), three counts of wire fraud and three counts of aggravated impersonation. The charges total five crimes, the St. Louis Post-Dispatchreports.
The judge ordered Williams to wear electronic monitoring and imposed a curfew on him. She argued that the gimmick “significantly hinders her career opportunities and prevents her from being as successful and productive as she otherwise could be”.
According to Radar Online, his lawyer also notes that his role on basketball wives requires her to have a strict filming schedule and make appearances at numerous red carpet events.
“The presence of an ankle monitor creates a significant impediment that makes it difficult for Ms. Williams to fulfill her obligations,” her attorney wrote.
Williams’ lawyer claim the ankle monitor prohibits the producers from employing him fully in the series.
“The show’s producers don’t want the ankle monitor visible,” he wrote.
“It creates strict limits on the outfits and costumes Ms Williams can use. Ms. Williams does not engage in work where she can choose her own outfits and clothes.
He further explains that Williams’ career is in serious jeopardy and argues that she is not a flight risk threat since this is her first offense with no criminal history.
Williams alleges she lost a partnership deal with by Rihanna The Savage X Fenty lingerie company, which backed out of a partnership deal with her because her anklet would be visible in the photos, Speed cameras online reports.
“This missed opportunity cost Ms. Williams at least $30,000 with additional payments that would have been available for Instagram appearances and posts,” her court documents read.
“Ms. Williams also received offers to appear as a model and product spokesperson for Fashion Nova and Pretty Little Thing Clothing. Again, offers from these companies were delayed due to the presence of the bracelet. Again, it cost Ms. Williams tens of thousands of dollars in earnings that she would otherwise have been eligible for,” her lawyer said.
The reality TV star will obey the rules regarding her bracelet and is awaiting the judge’s decision.
Australia-based Field Solutions Holdings Limited said it has been selected as the exclusive preferred supplier for managed desktop, network and general IT services for Kestrel Coal for a contract term of five years.
With revenue of approximately A$25 million ($17 million), the contract extends Field Solutions’ existing connectivity supply relationship with Kestrel Coal, while leveraging its regional network telecommunications infrastructure Australian.
“Awarding this corporate contract to FSG validates and reinforces our strategy of building infrastructure and deploying full-time resources to rural, regional and remote parts of Australia,” said Andrew Roberts, CEO from FSG.
FSG has been operating and building infrastructure in Central Queensland for five years, providing residential, commercial and corporate telecommunications services from its regional headquarters in Emerald.
The win solidifies FSG as the largest managed services organization in Emerald and surrounding areas and will see FSG expand local operations to its Emerald regional headquarters, the company said.
“Field Solutions’ Australian regional network serves the mining regions northeast and west of Emerald and FSG has been providing connectivity services to Kestrel Coal for the past three years, as well as other mining and agribusiness customers” , Roberts said.
Kestrel Coal has launched a competitive process to select FSG as the preferred IT partner, FSG says. Its mine is 51 km northeast of Emerald and was managed by Rio Tinto until 2018. It is one of the largest coking coal mines in the world, with reserves estimated at 158 Mt .
Roberts added, “Last year, FSG acquired infrastructure as a service, cloud and ISP provider TasmaNet, which enhanced FSG’s existing capability to deliver enterprise-grade cloud and managed services. This contract underscores the value of our recent acquisition of TasmaNet. »
FSG says it is currently finalizing commercial terms for the managed network and managed services contracts and expects the transition to be complete by the end of July. Additional computing and procurement services will be provided as needed over the five-year period.
The company continues to pursue several key mining services contracts in central Queensland, according to Roberts.
“Mining and agribusiness areas across Australia will continue to be key focus areas for FSG to deploy its own infrastructure and services,” he said.
These areas will be served by FSG’s Australian regional 4G and 5G network, which is currently under construction.
LA VEGAS, June 30, 2022 /PRNewswire/ — Ahern Rentals, Inc. (“Ahern” or the “Company”) announced today that it has initiated an offer to exchange its existing notes for new 8.375% Second Priority Secured Notes. maturing in 2026. The new notes will pay interest in cash at the rate of 8.375%. New notes will mature May 15, 2026 (compared to the maturity of May 15, 2023 on existing notes). The New Notes will be secured by a second lien on substantially all of the assets of the Company. In addition to being guaranteed by the guarantors of the Existing Notes, the New Notes will be guaranteed by Xtreme Re-Rental, LLC, a subsidiary of the Company.
Investors participating in the exchange offer will receive $1,000 principal amount of new banknotes for each $1,000 principal amount of existing notes offered, provided that offers are made by 5:00 p.m. ET on July 14, 2022, except extension. Incumbents who bid after July 14, 2022 will receive $950 new tickets by $1,000 of existing notes. Existing tickets offered may be validly withdrawn at any time before 5:00 p.m. ET on July 14, 2022, but not afterwards. Holders participating in the Exchange Offer will also consent to certain amendments to the Indenture for the Existing Notes. The exchange offer will expire on July 28, 2022, except extension. Accrued and unpaid interest on existing Notes which are exchanged will be paid in cash.
For the exchange offer to be completed, (1) all outstanding loans previously made by the Company to its affiliates must be fully repaid to the Company by such affiliates, (2) Xtreme Re-Rental, LLC, an affiliate of the Company which owns approximately $173 million in equipment based on the original cost of the equipment (and currently re-leases some of the same equipment to the Company), must become a guarantor for the new tickets, (3) an amendment to the ABL credit facility must be made on terms acceptable to the Company which, among other modifications, will extend the maturity of the ABL Credit Facility and consent to the exchange offer, and (4) the new bonds must be rated by both Moody’s Investors Service and S&P Global, Inc. In addition, the exchange offer is conditional on a minimum holding of holders of at least 66-2/3% of the aggregate principal amount of the Existing Notes outstanding, which constitutes a holding required to release warranty and warranties from existing notes and to eliminate certain covenants and default events in the deed for existing notes.
All existing bonds that remain outstanding after the closing of the exchange offer will be effectively subordinated to the new bonds with respect to substantially all of the assets of the Company. In addition, most of the restrictive covenants for existing notes that remain in circulation will have been eliminated.
Available documents and other details
Exchange offer materials will only be distributed to existing bondholders who complete and return an eligibility form confirming that they are either a “qualified institutional purchaser” under Securities Rule 144A. Act of 1933, as amended (the “Securities Act”), or not a “US person” under Regulation S of the Securities Act (such holders, the “Eligible Holders”). Noteholders wishing to complete an eligibility form should request instructions by emailing [email protected]or call DF King & Co., the Information Agent for the Exchange Offer, at (800) 669-5550 (toll free) or (212) 269-5550 (for banks and brokers).
The New Notes will not be registered under the Securities Act or any other applicable securities law and, unless so registered, the New Notes may not be offered, sold, pledged or otherwise transferred to United States in the name or on behalf of any US person, except pursuant to an exemption from the registration requirements thereof. Accordingly, the New Notes are being offered and issued only (i) to persons reasonably considered to be “qualified institutional purchasers” (as defined in Rule 144A of the Securities Act) and (ii) to non-“US persons”. who are outside United States (as defined in Regulation S of the Securities Act) and in both cases (i) and (ii) are not beneficial owners or residents of Canada or authorized representatives acting on behalf of beneficial owners or residents of Canada. Beneficial owners or residents of Canada or these agents must contact the exchange offer information agent mentioned in the preceding paragraph.
The full terms of the public exchange offer are set out in the information documents relating to the public exchange offer. This press release is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell the New Notes. The Exchange Offer and Consent Solicitation are being made only pursuant to the Confidential Offering Memorandum and Consent Solicitation Statement and related Letter of Transmittal. The exchange offer is not being made to existing noteholders in any jurisdiction in which making or accepting the offer would not be in accordance with securities, blue sky or other laws of that jurisdiction. jurisdiction.
About Ahern
Ahern Rentals is the largest independent equipment rental company in United States. With fiscal 2021 revenue of $906 million, the company is ranked the eighth largest equipment rental company in the United States by Rental Equipment Register (“RER”). Founded in 1953 in Las Vegas, NevadaAhern Rentals has grown through organic growth to develop a nationwide platform with 112 locations in 31 states from March 31, 2022. Ahern focuses on the airline market segment of $50 billion dollars from the equipment rental industry with an extensive fleet of “wide range” equipment, which is complemented by a fleet of ground engagement, general rental and specialty equipment to provide customers a “one-stop-shop” solution for their equipment needs. Serving a large and diverse customer base of commercial and residential construction companies, specialty contractors, industrial companies, utility companies, government entities and homeowners, Ahern offers a comprehensive line of equipment and solutions, including the rental and sale of new/used equipment, parts, supplies and related merchandise, as well as the provision of maintenance, repair and other services that complement rental and sales activities.
JERUSALEM (AP) — Israel’s parliament voted Thursday to dissolve itself and send the country to the polls in November for the fifth time in less than four years.
Yair Lapid, Israeli foreign minister and architect of the outgoing coalition government, will become the country’s acting prime minister just after midnight on Friday. He will be the 14th person to hold the post, succeeding Naftali Bennett, Israel’s shortest prime minister.
The government crumbled just over a year after it was formed in a historic move that saw longtime leader Benjamin Netanyahu ousted after 12 years in power by a coalition of ideologically diverse parties, the first to include a faction Arab.
The dissolution motion passed with 92 lawmakers in favor, and none against, after days of wrangling between coalition and opposition lawmakers over the date of new elections and other last-minute legislation.
New elections will take place on November 1.
The move officially ends a political experiment in which eight parties across the Israeli spectrum tried to find common ground after a prolonged period of stalemate in which the country held four elections in two years.
The upcoming elections are an extension of Israel’s protracted political crisis, at the heart of which is Netanyahu and his ongoing corruption trial. The four deadlocked elections in the previous three years were largely referendums on Netanyahu’s fitness to serve while facing charges of accepting bribes, fraud and abuse of confidence. Netanyahu has denied any wrongdoing.
Lapid, a former talk show host who heads a center-left party, is expected to campaign as caretaker prime minister to keep the job as the main alternative to Netanyahu, and is likely to get a quick boost when he will welcome President Joe Biden to the country next week.
Israeli media polls show Netanyahu and his allies winning seats, although it is unclear whether they would have enough to form a 61-seat majority in the 120-member Knesset. If neither he nor anyone else succeeds, Israel could go to the elections again.
On Wednesday, Bennett said he would take a break from politics and would not run in the next election. His Yamina party was torn by infighting and splintered after forming government last year as its members split to protest what they saw as Bennett’s excessive compromises with more liberal coalition allies .
The fatal blow came earlier this month, when the government failed to renew an emergency law that preserves the special legal status of Jewish settlers in the occupied West Bank, legislation most Israelis consider essential. With the Knesset dissolved before the end of the month, the emergency law is automatically renewed until a new government is formed.
“They promised change, they talked about healing, they tried an experiment and the experiment failed,” Netanyahu said in a speech to parliament ahead of the vote. “We are the only alternative: a strong, stable and responsible nationalist government.”
The outgoing government coalition made history by being the first to include an Arab party. Mansour Abbas, leader of the Islamist Ra’am faction, joined the coalition to secure better services and more government funding for Israel’s Arab minority, which makes up around 20% of the population.
Netanyahu and his allies have accused coalition members of associating with terrorist sympathizers, even though he also allegedly courted the party after the last election.
Arab citizens of Israel face widespread discrimination and are seen by many Jewish Israelis as a fifth column because they have close family ties to Palestinians in the occupied West Bank and Gaza, and broadly support their struggle for peace. ‘independence.
Wealth Enhancement Advisory Services LLC increased its stake in Hewlett Packard Enterprise (NYSE: HPE – Get Rating) by 5.5% during Q1, Holdings Channel reports. The company held 87,575 shares of the technology company after buying an additional 4,592 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Hewlett Packard Enterprise were worth $1,429,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently changed their positions in the company. Financial Management Professionals Inc. increased its position in Hewlett Packard Enterprise shares by 155.9% in the fourth quarter. Financial Management Professionals Inc. now owns 1,617 shares of the technology company valued at $26,000 after purchasing an additional 985 shares during the period. Elmwood Wealth Management Inc. bought a new position in Hewlett Packard Enterprise stock in the fourth quarter worth about $28,000. DeDora Capital Inc. bought a new position in Hewlett Packard Enterprise stock in the first quarter worth about $30,000. Delos Wealth Advisors LLC bought a new position in Hewlett Packard Enterprise stock in the fourth quarter worth about $33,000. Finally, Evoke Wealth LLC increased its stake in Hewlett Packard Enterprise shares by 125.0% in the fourth quarter. Evoke Wealth LLC now owns 2,221 shares of the technology company worth $35,000 after buying 1,234 additional shares in the last quarter. Institutional investors and hedge funds hold 82.70% of the company’s shares.
HPE shares opened at $13.75 on Wednesday. The company has a debt ratio of 0.43, a quick ratio of 0.64 and a current ratio of 0.90. The stock has a market capitalization of $17.87 billion, a P/E ratio of 4.95, a price-to-earnings growth ratio of 3.13 and a beta of 1.15. The company has a 50-day moving average price of $15.06 and a 200-day moving average price of $15.95. Hewlett Packard Enterprise has a fifty-two week minimum of $12.99 and a fifty-two week maximum of $17.76.
Hewlett Packard Enterprise (NYSE: HPE – Get Rating) last reported quarterly earnings data on Wednesday, June 1. The technology company reported earnings per share of $0.19 for the quarter, missing analyst consensus estimates of $0.25 per ($0.06). The company posted revenue of $6.70 billion in the quarter, versus analyst estimates of $6.80 billion. Hewlett Packard Enterprise achieved a net margin of 13.28% and a return on equity of 19.01%. The company’s revenue for the quarter increased 0.0% year over year. During the same quarter last year, the company posted EPS of $0.19. On average, research analysts expect Hewlett Packard Enterprise to post 1.2 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 8. Investors of record on Monday, June 13 will receive a dividend of $0.12. This represents a dividend of $0.48 on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Friday, June 10. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 17.27%.
In other Hewlett Packard Enterprise news, Executive Vice President Alan Richard May sold 94,705 shares of the company in a deal that took place Friday, June 3. The shares were sold at an average price of $15.08, for a total transaction of $1,428,151.40. Following the completion of the transaction, the executive vice president now owns 310,500 shares of the company, valued at approximately $4,682,340. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, Executive Vice President Thomas E. Black, Jr. sold 28,347 shares of the company in a transaction that took place on Tuesday, June 7. The stock was sold at an average price of $15.26, for a total transaction of $432,575.22. The disclosure of this sale can be found here. Insiders own 0.45% of the shares of the company.
HPE has been the subject of several research reports. StockNews.com downgraded Hewlett Packard Enterprise shares from a “buy” rating to a “hold” rating in a Monday, June 6 research rating. Deutsche Bank Aktiengesellschaft downgraded Hewlett Packard Enterprise shares from a “buy” rating to a “hold” rating and lowered its price target for the stock from $18.00 to $16.00 in a rating of search for Tuesday, June 14. Sanford C. Bernstein upgraded Hewlett Packard Enterprise shares from a “market performance” rating to an “outperform” rating and set a target price of $20.00 on the stock in a research note Wednesday, March 2. Raymond James reaffirmed an “outperform” rating and set a target price of $19.00 (vs. $20.00) on Hewlett Packard Enterprise shares in a Tuesday, June 21 research note. Finally, Barclays cut its price target on Hewlett Packard Enterprise shares from $20.00 to $19.00 and set an “overweight” rating on the stock in a Thursday, June 2 research note. Three investment analysts have assigned the stock a sell rating, three have issued a hold rating and six have assigned the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.14.
Hewlett Packard Company Profile (Get an assessment)
Hewlett Packard Enterprise Company provides solutions that enable customers to seamlessly capture, analyze, and act on data in the Americas, Europe, Middle East, Africa, Asia Pacific, and Japan. The company offers general-purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage area networks and disk products, such as HPE Modular Storage Arrays and HPE XP.
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Short-term rental operators in Vernon, British Columbia may soon have new rules to follow.
The city of Okanagan plans to follow the lead of other tourist towns and regulate the industry, which includes listings on popular sites like Airbnb and VRBO.
The municipality says that currently some vacation rentals are impacting neighbors and there are concerns about the long-term rental market.
Specifically, the city says it has received complaints about issues such as noise and parking related to short-term rentals.
Read more:
Vancouver suspends short-term rental licenses amid court battle over host privacy
A city report also said the growing vacation rental industry is putting more pressure on Vernon’s long-term rental market, where the vacancy rate is just 0.7%.
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Vernon’s proposed regulatory approach, which the city council approved in principle this week, is to create new classes of business licenses for short-term rentals.
Under the proposed new regulations, a minor short-term rental license would be available in any residential area and would allow people to rent out part of their primary residence on a short-term basis, but a property host would have to live on-site.
A major license would only be available in certain areas of the city and would allow renting an entire property on a short-term basis. With a major license, a manager should be available 24 hours a day, if needed, but would not have to live on-site.
The proposed bylaw has the support of Councilwoman Teresa Durning, who believes there needs to be some structure placed on the industry.
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“In terms of tourism, I think that’s great and I think that’s beneficial, but again, we just don’t want everybody with a short-term rental to go rogue and do what he wants and allows havoc in neighborhoods,” Durning said.
Read more:
Soaring house prices force the Okanagan family to leave British Columbia for Alberta
Counting only units listed on Airbnb and VRBO, the municipality says there are 274 short-term rentals in Vernon.
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Durning believes rentals are valuable to the local tourist economy, but need to be regulated.
“I believe this is an area that is growing and it can only get better for us here in Vernon, but we don’t want the neighbors all having negative experiences because we failed to regulate industry. We have the ability to do that in the municipality and I think we’re on the right track,” Durning said.
None of the 10 Vernon Airbnb hosts contacted by Global News to respond made themselves available for an interview by Tuesday’s broadcast deadline.
But in a post, a host told Global News that landlords still want access to their investment property in the summer and are therefore not renting long-term year-round. Another host wrote that he “does not support the government’s excessive and frivolous bureaucratic measures either.”
In 2 days, 61,000 users book Airbnb stays in Ukraine without intending to go there
In 2 days, 61,000 users book Airbnb stays in Ukraine with no intention of going there – March 7, 2022
Notably, in a municipal survey, only five of the 26 short-term rental hosts who responded said their space would have been rented to a long-term tenant if it hadn’t been used for a short-term rental.
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The city plans to finalize the details of the proposed new regulations and solicit additional comments in the coming months.
A public hearing is scheduled for early September.
Bus → Meet at downtown Rosa Parks Transit Center and board Road #9: Jefferson. Get off anywhere between the Rivard stop and the Joseph Campau stop to start your Rivertown fun! The bus fare is $2 for a 4-hour pass or $5 for a 24-hour pass. You can pay cash on boarding or use the Darts app pay in advance.
MoGo → Rent a MoGo bike from one of the many bike stations downtown. Meet at either the Atwater and Orléans bike station or the Jos Campau and Guoin bike station.
Want a unique culinary experience? Discover the new Without bread restaurant in Rivertown where you can get a (you guessed it!) sandwich with no bread. This is a great place if you have dietary restrictions or are just curious about the concept!
If you are a shawarma fan, then Bucharest Grill is a must! With various locations across the metropolitan area, Bucharest Grill is a staple in the city.
Looking for food and drink? Rivertown has you covered. Atwater Brewery and They Say are your go-to spots for classic American food and a cold drink. And if fine dining is more your style, be sure to visit the Rattlesnake Club for steaks, seafood, and river views.
Entertainment and Attractions
Perfect for children and families, The Outdoor Adventure Center is a unique and unmissable experience for all adventurers and nature lovers. With a range of activities, simulations and exhibits, the outdoor adventure center can keep you entertained and active for hours!
Music fans should check out the Aretha Franklin Amphitheatera nationally acclaimed outdoor concert space located along the Detroit River.
And of course, a trip to Rivertown isn’t complete without a walk along the award-winning Riverfront. The Detroit Riverfront has been awarded USA Today’s Best Riverfront in the country in 2021 and 2022! From wading pools to carousels to fishing, the Riverfront is brimming with options for the whole family.
If you’re ready to venture outside of Rivertown, head to Atwater Street and walk or bike along the Dequindre Cut Greenway. Once the Grand Trunk Railroad, the Dequindre Cut Greenway is an underground recreational route lined with murals, benches and bike paths. You can take the trail to the Eastern Market!
Some call data the new oil. Others call it the new gold. Philosophers and economists may argue about the quality of the metaphor, but there is no doubt that organizing and analyzing data is a vital undertaking for any business seeking to deliver on the promise of data-based decision-making. on the data.
And to do that, a solid data management strategy is essential. Encompassing data governance, data operations, data warehousing, data engineering, data analytics, data science, etc., data management, when done right, can providing businesses in all industries with a competitive advantage.
The good news is that many facets of data management are well understood and based on sound principles that have evolved over decades. For example, they may not be easy to apply or simple to understand, but thanks to scientists and mathematicians, companies now have a range of logistic frameworks for analyzing data and drawing conclusions. More importantly, we also have statistical models that draw error bars that delineate the limits of our analysis.
But for all the good that comes from studying data science and the various disciplines that power it, sometimes we still have a hard time scratching our heads. Businesses often come up against domain boundaries. Some of the paradoxes relate to the practical challenges of collecting and organizing so much data. Others are philosophical, testing our ability to reason about abstract qualities. And then there’s the rise of privacy concerns around so much data collected in the first place.
Here are some of the dark secrets that make data management such a challenge for many businesses.
Unstructured data is difficult to analyze
Much of the data stored in corporate archives doesn’t have much structure at all. A friend of mine aspires to use an AI to search through text notes taken by his bank’s call center staff. These phrases may contain information that may help improve the bank’s loans and services. Maybe. But the notes were taken by hundreds of different people with different ideas of what to write about a given call. Additionally, staff members have different writing styles and abilities. Some didn’t write much. Some write too much information about their given callings. The text itself doesn’t have much structure to begin with, but when you have a stack of text written by hundreds or thousands of employees over decades, the structure in place can be even weaker. .
Even structured data is often unstructured
Good scientists and database administrators guide databases by specifying the type and structure of each field. Sometimes, in the name of even more structure, they limit the values of a given field to integers within certain ranges or to predefined choices. Even then, people filling out forms stored in the database find ways to add kinks and problems. Sometimes fields are left blank. Other people insert a dash or the initials “na” when they think a question is not applicable. People even spell their names differently from year to year, day to day, or even line to line on the same form. Good developers can catch some of these issues through validation. Good data scientists can also reduce some of this uncertainty through cleaning. But it’s still infuriating that even the most structured tables have questionable entries – and that those questionable entries can introduce unknowns and even parsing errors.
Data schemas are either too strict or too loose
No matter how hard data teams try to state schema constraints, the resulting schemas for setting values in different data fields are either too strict or too loose. If the data team adds hard constraints, users complain that their answers are not on the restricted list of acceptable values. If the schema is too accommodating, users may add strange values with little consistency. It is almost impossible to adjust the scheme correctly.
Data laws are very strict
Privacy and data protection laws are strong and only getting stronger. Between regulations such as GDPR, HIPPA and a dozen others, it can be very difficult to piece together data, and even more dangerous to leave it lying around waiting for a hacker to break in. In many cases, it is easier to spend more money on lawyers than on programmers or data scientists. These headaches are why some companies simply get rid of their data as soon as they can get rid of it.
Data cleaning costs are enormous
Many data scientists will confirm that 90% of the work is simply collecting the data, putting it into a consistent form, and dealing with endless holes or errors. The person who owns the data will always say, “It’s all in a CSV and ready to use.” But they don’t mention empty fields or characterization errors. It’s easy to spend 10 times more time cleaning data for use in a data science project than just starting the routine in R or Python to perform the statistical analysis.
Users are increasingly suspicious of your data practices
End users and customers are increasingly suspicious of a company’s data management practices, and some AI algorithms and their use are only amplifying the fear, leaving many very worried about what’s to come. to data capturing their every move. These fears fuel regulation and often hook companies and even well-meaning data scientists in public relations. Not only that, but people deliberately confuse data collection with false values or wrong answers. Sometimes half the job is dealing with malicious partners and customers.
Integrating external data can be fruitful and lead to disaster
It’s one thing for a company to take ownership of the data it collects. IT and data scientists have control over this. But increasingly aggressive companies are figuring out how to integrate their local information with third-party data and the vast seas of personalized information floating on the Internet. Some tools openly promise to suck up data on each customer to build personalized records on each purchase. Yes, they use the same words as the spy agencies that pursue terrorists to track your fast food purchases and your credit scores. Is it any wonder that people worry and panic?
Regulators crack down on data use
No one knows when smart data analysis crosses a line, but once it does, regulators show up. In a recent example from Canada, the government explored how some donut shops were tracking customers who were also buying from competitors. A recent news Release announced: “The investigation revealed that Tim Hortons’ contract with a U.S. third-party location services provider contained language so vague and permissive that it allegedly allowed the company to sell ‘anonymized’ location data to his own ends.” And why? To sell more donuts? Regulators are increasingly paying more attention to anything involving personal information.
Your data schema might not be worth it
We imagine that a brilliant algorithm can make everything more efficient and profitable. And sometimes such an algorithm is indeed possible, but the price may also be too high. For example, consumers – and even businesses – are increasingly questioning the value of targeted marketing that comes from sophisticated data management systems. Some point out that we often see ads for something we’ve already purchased because ad trackers haven’t figured out that we’re no longer in the market. The same fate often awaits other clever stratagems. Sometimes a rigorous analysis of the data identifies the worst-performing factory, but that doesn’t matter because the company signed a 30-year lease on the building. Businesses need to be prepared for the likelihood that all that data science genius will produce an answer that isn’t acceptable.
In the end, data decisions are often just judgment calls
Numbers can offer a lot of precision, but how humans interpret them is often what matters. After all the data analysis and AI magic, most algorithms require deciding whether a value is above or below a threshold. Sometimes scientists want a p-value less than 0.05. Sometimes a cop is looking to give tickets to cars that are 20% over the speed limit. These thresholds are often only arbitrary values. Despite all the science and math that can be applied to data, many “data-driven” processes contain more gray areas than we’d like to believe, leaving decisions to instinct despite all the resources a company can. dispose. put into its data management practices.
Data storage costs are skyrocketing
Yes, hard drives keep getting bigger and the price per terabyte keeps falling, but programmers are collecting bits faster than prices can come down. Internet of Things (IoT) devices continue to download data and users expect to browse a rich collection of these bytes forever. In the meantime, compliance officers and regulators are increasingly demanding more data in the event of future audits. It would be one thing if someone actually looked at some of the stuff, but we only have so much time in the day. The percentage of data that is re-accessed continues to decline. Yet the price of expanding bundle storage continues to rise.
Neuromorphic Computing Market Report Coverage:Key Growth Drivers and Challenges, Regional Segmentation and Outlook, Key Industry Trends and Opportunities, Competitive Analysis, COVID-19 Impact Analysis and Projected Recovery, and Market Sizing and Forecast.
Latest research launched on Global Neuromorphic Computing Market, it provides a detailed analysis with presentable graphs, charts and tables. This report covers an in-depth study of Neuromorphic Computing Market size, growth and share, trends, consumption, segments, application and forecast 2030. Through qualitative analysis and Quantitatively, we help you to perform a deep and comprehensive research on the Global Neuromorphic Computing Market. IT market. This report has been prepared by experienced and knowledgeable market analysts and researchers. Each section of the research study is specially prepared to explore key aspects of the global Neuromorphic Computing Market. Buyers of the report will get access to accurate PESTLE, SWOT, and other types of analysis on the Global Neuromorphic Computing Market. Moreover, it offers highly accurate estimations on CAGR, market share, and market size of key regions and countries.
Major Key Players profiled in the report include: International Business Machines Corporation, Hewlett Packard Enterprise, Samsung Electronics Limited, Intel Corp., Hrl Laboratories, Llc, General Vision Inc., Applied Brain Research, Inc., Brainchip Holdings Ltd.
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Segmental analysis: The report categorized the global neuromorphic computing market into segments comprising product type and application. Each segment is assessed based on its share and growth rate. Additionally, analysts have studied potential regions that could prove rewarding for neuromorphic computing makers in the coming years. The regional analysis includes reliable predictions about value and volume, helping market players to gain in-depth insights into the overall Neuromorphic Computing industry.
Market is split by Type, can be split into: .
The market is split by Application, can be split into: Aeronautics and Defense, IT and Telecom, Medical, Automotive, Industry
Access full report description, table of contents, table of figure, chart, etc. @ https://www.maccuracyreports.com/reportdetails/reportview/214300
The report authors have analyzed the developing and developed regions considered for research and analysis of the global Neuromorphic Computing market. The regional analysis section of the report provides in-depth research study on different regional and country-level Neuromorphic Computing industries to help players plan effective expansion strategies.
Regions Covered in Global Neuromorphic Computing Market: • North America (US, Canada) • Europe (UK, Germany, France, Italy) • Asia Pacific (China, India, Japan, Singapore, Malaysia) • Latin America (Brazil, Mexico) • Middle East and Africa (Kuwait, Saudi Arabia, Egypt)
Years considered to estimate the market size: Historical year: 2019-2020 Base year: 2021 Estimated year: 2022 Forecast year: 2022-2030
What market dynamics does this report cover? The report shares key information on:
Current market size
Market forecasts
Market opportunities
Main Drivers and Constraints
Regulatory scenario
Industry trend
New product approvals/launch
Promotion and marketing initiatives
Price analysis
Competitive landscape
It helps companies make strategic decisions
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A new business intelligence report published by JCMR with Global recreational vehicle rental market The report has the potential to become the most important market in the world, as it continues to play a remarkable role in establishing progressive impacts on the universal economy. RV rental research is derived from primary and secondary statistical sources and includes qualitative and quantitative detail. Some of the key players profiled in the study are USA RV Rental, Cruise America, EI Monte RV, Apollo RV Rentals, RV Share, McRent, Outdoorsy, Fuji Cars Japan
During the forecast period, the Recreational Vehicle Rental report also mentions the expected CAGR of the global Recreational Vehicle Rental market. The Recreational Vehicle Rental report provides readers with accurate historical statistics and future forecast. In order to have a more in-depth view of “Global recreational vehicle rental market“is valued at XX million USD in 2021 and is projected to reach XX million USD by the end of 2029, growing at a CAGR of XX% from 2022 to 2030.
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Geographical Analysis of Recreational Vehicle Rental Report:
• Recreational vehicle rental industry North America: United States, Canada and Mexico.
• Recreational vehicle rental industry South and Central America: Argentina, Chile and Brazil.
• Recreational vehicle rental sector in the Middle East and Africa: Saudi Arabia, United Arab Emirates, Turkey, Egypt and South Africa.
• Recreational vehicle rental industry Europe: United Kingdom, France, Italy, Germany, Spain and Russia.
• Asia-Pacific recreational vehicle rental sector: India, China, Japan, South Korea, Indonesia, Singapore and Australia.
Market analysis by types and applications as follows:
Market Segment by Type, covers – Towable RVs – Motorhomes
Market segment by Applications, can be split into – Traveling and camping – Gigs – Festivals – Multi-day events – Others
Click here and get up to 50% off RV Rental Report Business Copy and Customization available for the following regions and countries: North America, South & Central America, Middle East & Africa, Europe , Asia Pacific
RV Rental Section Analysis:
Action in the RV rental business category covers both major types of goods and services, as well as end customers. Such segmentation allows for a granular view of the industry which is important for appreciating the finer complexities.
Major Manufacturers of Recreational Vehicle Rental Market: USA RV Rental, Cruise America, EI Monte RV, Apollo RV Rentals, RV Share, McRent, Outdoorsy, Fuji Cars Japan
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Competitive Landscape:
The economic environment explores the emerging tactics which are being used by different companies to enhance competition and sustain their recreational vehicle rental market share. The RV Leasing research study covers techniques such as product growth, emerging technologies, mergers and acquisitions, and joint partnerships. This will help the reader to understand fast growing models.
** The recreational vehicle rental market is valued based on the weighted average selling price (WASP) and includes manufacturer’s applicable taxes. All currency conversions used in the creation of this report have been calculated using a certain average annual currency conversion rate of 2022.
** RV rental values marked with an XX are confidential data. To learn more about CAGR figures, fill in your information so that our Business Development Manager can contact you @ [email protected]
Some of the Points Covered in the Global Recreational Vehicle Leasing Market Research Report are:
Chapter 1: Global Recreational Vehicle Rental Market Overview (2015-2030)
Chapter 2: Recreational Vehicle Rental Market Competition by Players/Suppliers 2015 and 2022
Chapter 3: Recreational Vehicle Rental Sales (Volume) and Revenue (Value) by Region (2015-2022)
Chapter 4, 5 and 6: Global Recreational Vehicle Rental Market by Type, Application and Player/Supplier Profiles (2015-2022)
Continued……..
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Find more research reports on the recreational vehicle rental industry. By JC Market Research.
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JCMR’s global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities, but also to empower and inspire you to create visionary growth strategies for the future, through our extraordinary depth and breadth of thought leadership, research, tools, events and experience. that help you turn your goals into reality. Our understanding of the interplay between industry convergence, megatrends, technologies and market trends provides our clients with new business models and opportunities for expansion. We are focused on identifying the “Accurate Forecast” in each industry we cover so that our clients can reap the benefits of being early market entrants and can achieve their “Goals and Objectives”.
And despite soaring interest rates for auto loans.
By Wolf Richter for WOLF STREET.
The average transaction price (ATP) of new vehicles sold by dealers to retail customers in June reached a stunning new record high of $45,844, up 14.5% from a year ago, and beating the previous record set in May, according to estimates. by JD Power, even as the pace of new vehicle deliveries to retail customers in June is expected to have fallen 18% from a year ago, as many dealerships ran out or ran out of models that will would sell in large numbers, as automakers continue to battle semiconductor shortages, triggering production shortfalls.
With overall inventories near historic lows and barely improved from last year’s desperate levels, prices have continued to rise, driven by historically weak automaker incentives and dealer addendum stickers, but also by prioritizing the most expensive trim sets and models by automakers, and that’s how the ATP hit a new record.
Since June 2019, the ATP has climbed 36%, or more than ten thousand! The graph shows the ATPs for December and June of each year. Note the pre-pandemic seasonality, where ATP peaked in December but fell from there to June each year. But in June 2020, the ATP was at December level for the first time. From then on, the ATP only increased without taking seasonality into account, including in June. The green line connects the Decembers:
The inventory nightmare.
June started with new vehicle inventories at desperately low levels as automakers continued to battle semiconductor shortages that will now stretch into 2023. Many automakers months ago stopped taking orders for some models for the 2022 model year, where the waiting lists were so huge that they won’t be able to be built this year, given supply constraints. For example, Ford has stopped taking orders and reservations for the 2022 Maverick baby truck (hybrid), F-150 Lightning (EV), and Mustang Mach-E (EV).
June therefore began with 1.13 million new vehicles in stock at dealer lots and in transit, down 70%, or 2.68 million vehicles, since the start of June 2019, according to a separate report. from Cox Automotive, based on its Dealertrack data. Over the whole of 2019, new vehicle inventory averaged 3.66 million vehicles, with many models simply out of stock and not even orderable. A few months ago, an additional inventory problem emerged: customers, battered by soaring gas prices, began to turn to more fuel-efficient cars and compact SUVs that no one was prepared, and the dealers ran out.
So record gross profit per vehicle at dealerships.
The combination of sufficient demand that cannot be built due to semiconductor shortages and these historically low inventory levels that have resulted in record ATPs has resulted in dealerships achieving record gross profits per vehicle.
Total gross profit per vehicle delivered — which includes gross vehicle profit plus profit from finance and insurance (F&I) sales — jumped to a record $5,123, up $1,174 from levels already dizzying from June 2021, according to JD Power Estimates. This gross margin per vehicle at dealerships is over 2.5 times from what it was in normal times in June 2019.
On a per-vehicle level, the amounts of money earned by dealers is nothing short of staggering, as consumers pay for whatever happens, including the big addendum stickers. This reflects the inflationary mindset, and dealerships and automakers are adjusting prices to take advantage of it. Consumers might as well go on a buyer’s strike and refuse to buy or order at these ridiculous prices, which would put an end to these price spikes, but they haven’t done so yet.
Those massive gross profits per vehicle saw all dealerships combined earn $4.9 billion in total across their sales departments, up 10% from June last year, and the fourth-highest profit important every month, despite the drop in volume.
Automakers cut incentives to record lows, leasing incentives are dead.
The average amount automakers have spent on incentives, either paid out to dealerships or given back to retail customers, has fallen 59% from already low levels on record a year ago, to just $930 per vehicle on average, the second month in a row below the $1,000 mark. , according to JD Power estimates. This includes incentives for leases, and these have been eliminated entirely.
Incentive spending as a percentage of MSRP in June fell to an all-time high of around 2% of MSRP. By comparison, in 2019, incentive spend was around 10% of MSRP.
Incentive spend is how automakers adjust prices since MSRPs are set at the start of the model year and are not changed during the model year.
This massive reduction in incentive spending translates into huge gross profits per vehicle for automakers.
Affordability? Forget.
The average interest rate on new vehicle loans rose to more than 5% in June, according to JD Power estimates. And despite a record recovery value due to the ridiculously high price of used vehicles, which is driving down the amount to be financed, the average monthly payment jumped 12.8% compared to last June.
But still at this point consumers who can afford it are paying anything to get a new vehicle, and a lot of them are ordering it now, and they’re paying for extra stickers, and they’re paying higher interest rates high, and demand always exceeds supply.
Most consumers might as well drive what they already have for another year, two or five years, making new vehicles a discretionary purchase, unlike food. And consumers might react to those prices and interest rates, but they haven’t yet, which shows that the inflationary mindset is unleashed.
At some point, future Fed rate hikes could ultimately lead to auto loan interest rates so high that they reduce demand below the level of supply, allowing inventories to build, prices to stabilize and inflationary pressures to recede, but not yet.
It remains difficult to see what real demand would be under these conditions if supply returned to normal pre-pandemic levels. And all of this shows that inflationary pressures on new vehicles are not receding yet because enough consumers continue to play the game.
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WHITTIER, Calif., May 17, 2022 (GLOBE NEWSWIRE) — Friendly Hills Bank today announced changes to its leadership team to better position the company for long-term growth and success. The company added four experienced leaders, further strengthening its infrastructure and growing the team to six members.
Led by Nathan Rogge, President and CEO, the new leadership team is as follows:
Elizabeth M. Buckingham will continue as Executive Vice President and Chief Operating Officer. She joined the company in 2006 and has over 35 years of market industry experience. Ms. Buckingham previously served as Senior Vice President and Branch Manager with Bank of Orange County. Previously, she held various positions in corporate banking and community banking at Union Bank, Bank of Industry, Bank of Whittier and First State Bank.
James Burgess has joined the Bank as Executive Vice President and Chief Financial Officer. Mr. Burgess is a Chartered Public Accountant and Senior Financial Professional with 38 years of industry experience, including six years with a national accounting firm. Most recently, he was Executive Vice President, Chief Financial Officer and Deputy Chief Financial Officer at Bank of Southern California. Previously, he held similar positions at several San Diego banks, including 1st Pacific Bank of California, Bank of Commerce, Rancho Vista National Bank, and San Diego First Bank.
Robert A. Marshall joined the team as executive vice president and chief credit officer. A seasoned community banker with over 30 years of experience, his most recent association was with Bank of Southern California as Executive Vice President and Chief Credit Officer/Chief Loans Officer. During his career, he held positions of increasing responsibility at several San Diego banks, including Rancho Santa Fe National Bank, La Jolla Bank & Trust, and California Community Bank, where he was founding director of credit, then President and Chief Credit Officer. .
Azim Sheikh has joined the company as Executive Vice President and Chief Information and Technology Officer. Mr. Sheikh is a seasoned executive with extensive experience in the field of information technology, including IT risk management, information systems auditing and information security. Most recently, he held the position of Director of Information Security at Nano Bank. During his career, he held various positions of increasing responsibility at Ernst & Young, UHY Advisors, DirecTV, Fox Interactive Media and East West Bank, where he served as Senior Vice President, Enterprise IT Risk Management.
Paulette Silva joined the Bank as Executive Vice President and Chief Administrative Officer with over 40 years of local banking experience. Most recently, she served as Executive Vice President and Chief Administrative Officer at Pacific Enterprise Bank. Previously, Ms. Silva held various positions, each with increasing responsibility, at US Bank, Pacific Century Bank and Pacific Community Credit Union.
“We are proud of the leadership team we have assembled and believe it reflects the Board’s commitment to continue to grow the Bank while continuing to generate value for our customers, communities and shareholders” said Nathan Rogge, President and CEO of Friendly Bank of the Hills. “These leaders bring extensive experience and a proven track record in leading key business functions. Together, we will continue to focus on building Southern California’s first community bank and driving that next level of growth.
Friendly Hills Bank, a wholly owned subsidiary of Friendly Hills Bancorp (OTC Pink: FHLB), is a growing community bank serving individuals, professionals, and small and medium businesses in Southern California. With a history that spans 16 years, the bank offers a personalized approach, access to decision makers, a wide range of solutions and a commitment to delivering an exceptional customer experience. Friendly Hills Bank operates locations in Los Angeles County, Orange County, San Diego County and the Inland Empire. For more information, visit friendlyhillsbank.com or call 562.947.1920.
BEIJING, May 6, 2022 /PRNewswire/ — 36Kr Holdings Inc. (“36Kr” or the “Company”) (NASDAQ: KRKR), a leading brand and pioneering platform dedicated to serving new economy participants in Chinaannounced today that the Company is aware that it has been identified by the United States Securities and Exchange Commission (“SEC”) on its provisional list under the Holding Foreign Companies Accountable Act (“HFCAA”) on May 4, 2022.
This identification indicates that the SEC has determined that the company used an auditor, whose working paper cannot be inspected or studied completely by the Public Company Accounting Oversight Board of United States (“PCAOB”), to issue the audit opinion on the financial statements of the Company for the year ended December 31, 2021.
Under the HFCAA, trading in a company’s securities on a US stock exchange will only be prohibited if the company has been identified by the SEC for three consecutive years due to the PCAOB’s failure to inspect the working paper of the listener. Despite this identification by the SEC, 36Kr’s active listing and trading status on NASDAQ currently remains unchanged.
36Kr has actively explored possible solutions to protect our shareholders in an evolving regulatory environment and mitigate potential risks associated with HFCAA. The Company will continue to comply with applicable laws and regulations in both China and the United States, and strive to maintain its listing status on NASDAQ. The Board of Directors and management team remain strongly committed to protecting shareholder interests and driving value creation for the benefit of all shareholders.
About 36Kr Holdings Inc.
36Kr Holdings Inc. is a leading brand and pioneering platform dedicated to serving new economy participants in China with a mission to empower participants in the new economy to achieve more. The company kicked off with high-quality content offerings focused on the new economy, spanning a variety of industries in China New economy with diversified distribution channels. Leveraging the traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, value-added business services and subscription services to meet the needs changing needs of new economy businesses and the upgrading needs of traditional businesses. The company is backed by a comprehensive database and strong data analysis capabilities. Thanks to diversified service offerings and the significant influence of the brand, the Company is well positioned to continuously capture the high growth potential of China New economy.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “will”, “expect”, “anticipate “, “future”, “intends”, “plans”, “believes”, “estimates”, “potential”, “continues”, “ongoing”, “targets”, “directions” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the United States Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written documents and in oral statements made by its officers, directors or employees to third parties. All statements that are not historical facts, including statements about the beliefs and expectations of the Company, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including, but not limited to, the following: the Company’s objective and strategies; future business development, results of operations and financial condition of the Company; relevant government policies and regulations relating to our business and industry; the Company’s expectations regarding the use of proceeds from this offering; the Company’s expectations regarding market demand and acceptance of its services; the Company’s ability to maintain and improve its brand; the Company’s ability to deliver high-quality content in a timely manner to attract and retain users; the Company’s ability to retain and hire quality in-house writers and editors; the Company’s ability to maintain cooperation with third party professional content providers; the Company’s ability to maintain relationships with third-party platforms; general economic and business conditions globally and in China; possible business disruptions caused by natural or man-made disasters; and the assumptions underlying or relating to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statements except as required by applicable law.
View original content: https://www.prnewswire.com/news-releases/36kr-holdings-provides-update-on-its-status-under-the-holding-foreign-companies-accountable-act-301541552.html
Global Temporary Power Rental Market 2022, In the projected period of 2022 to 2028, each type gives sales data. The Temporary Energy Rental Market analysis delves into the characteristics and financials of the major market players. This comprehensive research is not only useful for trade analysts but also for any existing or new entrant when developing trade strategies. For the projected period 2022-2028, the study is a unique global analysis of variables such as import and export status, supply chain management, profit and gross margin. The Temporary Energy Rental market report includes extensive factual coverage of recent events, such as acquisitions and mergers, and company strengths and weaknesses.
The main players in the temporary energy rental market.
APR Energy Cummins Wacker Neuson Rental solutions and services United rental Ashtead Group Aggreko HERC Kohler caterpillar SALT Generac Power Systems Atlas-Copco Wartsila Corporation
on the basis of types, the energy temporary leasing market from 2015 to 2025 is majorly split into: Diesel Gas & HFO & Gasoline
based on applications, the Temporary Energy Rental market from 2015 to 2025 covers: Government and public services petroleum gas Events Construction Industrial Others
The key points of the report:
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The report explores the major international and Chinese industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value and market shares 2017-2022 for each company.
Through the statistical analysis, the report depicts the global total market of the Temporary Energy Rental industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report then estimates the 2022-2028 market development trends of the Temporary Energy Rental industry. An analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
The report makes some important proposals for a new project in the Temporary Energy Rental Industry before evaluating its feasibility.
Key Highlights of the Temporary Energy Rental Market Report:
The global Temporary Energy Rental market report is intended to offer an overview of the Temporary Energy Rental industry, supported by in-depth analysis qualitative and quantitative analysis.
The temporary energy rental market overview offered includes data provided by influential temporary energy rental market players including marketers, business experts, investors, stakeholders and customers.
The objective of the Temporary Energy Rental market report is to offer a holistic perspective of all participants to young entrepreneurs and marketers.
Drivers and restraints along with trends are majorly discussed in the Temporary Power Rental Market report
The global temporary power rental market report also provides a overview of the competitive environment on a global scale.
He explains the market status, share and revenue in the same way new strategies implemented for growth and development to meet current market needs and demands.
The Temporary Energy Rental market report identifies the major growth regions with Asia-Pacific to lead during the forecast period.
The Temporary Power Rental market report analyzes factors affecting the market from both demand and supply side and further assesses market dynamics affecting the market during the forecast period, that is i.e. drivers, constraints, opportunities and future trends. The report also provides comprehensive PEST analysis for all five regions namely; North America, Europe, Asia-Pacific, South America, Middle East and Africa after evaluating political, economic, social and technological factors affecting the market in these regions.
Reasons to buy this report:
Estimates 2022-2028 Temporary Energy Rental Market development trends with the recent trends and SWOT analysis
Market dynamics scenario, along with market growth opportunities in the coming years
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and political aspects
Regional and country level analysis integrating demand and supply forces that are influencing market growth.
Market value (Million USD) and volume (Million Units) data for each segment and sub-segment
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No one should be happy with the state of some houses in Jamestown.
At a time when home values have skyrocketed in the city, there are still homes whose values weigh on the rest of the neighborhood. Everyone knows that some owners are nowhere to be found when it comes time to make a repair or fix a problem. Everyone knows that there are landlords who don’t care what happens to their property as long as they get their rent check.
There are thousands of townspeople who want to see these landlords go out of business for good. And we agree. The city should make it so hard for a bad owner to stay in business that they disappear.
But it takes two to dance on the pile of garbage on the lawn. It’s unfair to put the blame entirely on landlords, as some landlords can’t keep up with maintenance because tenants abuse properties like a cheap rental car. Jamestown has long had a problem with a poor renter population and a poor homeowner population.
It is difficult to argue that a Rent Inspection Ordinance and a Public Nuisance Ordinance are not necessary. The city needs to have a way to address the neighborhood issues — including the waste of police resources — that some properties create. We hope, however, that the orders work both ways. Why should a landlord be solely responsible for a tenant’s behavior? Why should a landlord lose their property if they are fulfilling their part of the tenant-landlord contract by providing safe, code-compliant housing?
New York State has made it impossible for landlords during the COVID-19 pandemic. Landlords couldn’t evict tenants, had trouble applying for housing assistance without tenants’ cooperation, and still had to pay their taxes and expenses even though they weren’t getting rent.
City ordinances are consistent with state thinking regarding the tenant-landlord relationship by placing the fault on landlords – even though the landlord in some situations is not at fault or existing state regulations make eviction of poor tenants almost impossible.
The city council and the development department are right to impose stricter ordinances. Bad owners should be held accountable. The same goes for bad tenants.
HDFC Bank’s FY22 Annual Report focused on reimagining the future with technology and a service-first culture. The CEO’s message is similar to what was articulated at the May 31 analyst day, emphasizing why now is the time to bring the merger to fruition given the opportunity for housing loan growth with deeper penetration, the regulatory convergence, conducive market development, price convergence, portfolio rebalancing, improved cross-selling, etc.
The annual report says the growth avenue is huge and the proposed merger adds an entirely different dimension going forward; it may not be necessary to raise additional funds to meet reserve requirements; the lender plans to almost double its network in the next three to five years by opening 1,500 to 2,000 branches each year; and it will continue to invest in modern technology and talent. Hold ‘BUY’.
The additional financial data points reflect a 13% year-over-year decline in retail segment revenue (beyond the 18% decline in FY21). Profit (pre-tax) growth of 17% was supported by the wholesale segment where profit grew by 44% in FY22 (above the 23% growth in FY21) . Treasury profits were flat at Rs 9,000 crore.
HDFC Bank purchased Rs 1 trillion PSL (PSLC) certificates in FY22 with additional certificates geared more towards the micro business and general category.
Also, deposits with Nabard/Sidbi/NHB for PSL shortfall reached Rs 44,700 crore. Of all advances, priority sectoral advances amounted to 3.9 trillion rupees (30% of national advances). FY22 slippages of Rs 26,860 crore (2.3% run rate) were offset by better recoveries/upgrades and write-offs of Rs 9,430 crore. ARPG declined to 1.17% (from 1.32% in FY21). Asset allocation shifted to high-rating but low-yielding segments, and NIMs moderated to 4.0%.
DNB Asset Management AS increased its holdings of Hewlett Packard Enterprise (NYSE: HPE – Get Rating) stock by 11.7% during the first quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission (SEC). The company held 215,413 shares of the technology company after purchasing an additional 22,493 shares during the period. DNB Asset Management AS’s holdings in Hewlett Packard Enterprise were worth $3,600,000 when it last filed with the SEC.
A number of other large investors also changed their stake in the company. Louisiana State Employees Retirement System increased its stake in Hewlett Packard Enterprise by 0.9% during the fourth quarter. The Louisiana State Employees Retirement System now owns 82,000 shares of the tech company worth $1,293,000 after purchasing an additional 700 shares during the period. Spire Wealth Management increased its stake in Hewlett Packard Enterprise by 14.9% during the fourth quarter. Spire Wealth Management now owns 6,302 shares of the technology company worth $99,000 after buying 817 additional shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Hewlett Packard Enterprise by 0.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 295,684 shares of the technology company worth $4,663,000 after buying 891 additional shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in Hewlett Packard Enterprise by 47.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,851 shares of the technology company worth $45,000 after buying 919 additional shares during the period. Finally, Westside Investment Management Inc. increased its stake in Hewlett Packard Enterprise by 0.9% during the fourth quarter. Westside Investment Management Inc. now owns 102,452 shares of the technology company worth $1,615,000 after buying 920 additional shares during the period. Institutional investors hold 82.70% of the company’s shares.
In other news, Executive Vice Chairman Alan Richard May sold 94,705 shares in a trade that took place on Friday, June 3. The stock was sold at an average price of $15.08, for a total value of $1,428,151.40. Following the completion of the sale, the executive vice president now directly owns 310,500 shares of the company, valued at $4,682,340. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, Executive Vice Chairman Thomas E. Black, Jr. sold 28,347 shares in a trade that took place on Tuesday, June 7. The shares were sold at an average price of $15.26, for a total value of $432,575.22. The disclosure of this sale can be found here. 0.45% of the shares are currently held by company insiders.
HPE shares opened at $13.62 on Friday. The stock has a 50-day moving average price of $15.16 and a 200-day moving average price of $15.98. The company has a quick ratio of 0.64, a current ratio of 0.90 and a debt ratio of 0.43. The company has a market cap of $17.70 billion, a price-to-earnings ratio of 4.90, a growth price-to-earnings ratio of 3.11, and a beta of 1.15. Hewlett Packard Enterprise has a 52-week minimum of $12.99 and a 52-week maximum of $17.76.
Hewlett Packard Enterprise (NYSE: HPE – Get Rating) last reported quarterly results on Wednesday, June 1. The tech company reported earnings per share (EPS) of $0.19 for the quarter, missing analyst consensus estimates of $0.25 per ($0.06). The company posted revenue of $6.70 billion in the quarter, versus analyst estimates of $6.80 billion. Hewlett Packard Enterprise achieved a net margin of 13.28% and a return on equity of 19.01%. The company’s revenue for the quarter increased by 0.0% compared to the same quarter last year. During the same period last year, the company earned earnings per share of $0.19. On average, stock analysts expect Hewlett Packard Enterprise to post an EPS of 1.2 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 8. Shareholders of record on Monday, June 13 will receive a dividend of $0.12. This represents an annualized dividend of $0.48 and a dividend yield of 3.52%. The ex-dividend date is Friday, June 10. Hewlett Packard Enterprise’s payout ratio is currently 17.27%.
A number of analysts have released reports on the stock. Morgan Stanley downgraded Hewlett Packard Enterprise shares from an “equal weight” rating to an “underweight” rating and lowered its price target for the stock from $17.00 to $15.00 in a research note from Tuesday, April 12. They noted that the move was a review call. Deutsche Bank Aktiengesellschaft downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating and lowered its price target for the stock from $18.00 to $16.00 in a Tuesday research report June 14. Sanford C. Bernstein upgraded Hewlett Packard Enterprise from a “market performance” rating to an “outperform” rating and set a price target of $20.00 for the company in a Wednesday 2 research report march. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a Monday, June 6 research report. Finally, KGI Securities began covering Hewlett Packard Enterprise in a research report on Tuesday, April 19. They set an “outperform” rating for the company. Three equity research analysts have assigned the stock a sell rating, three have issued a hold rating and six have assigned the stock a buy rating. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average target price of $17.50.
About Hewlett Packard Enterprise (Get a rating)
Hewlett Packard Enterprise Company provides solutions that enable customers to seamlessly capture, analyze, and act on data in the Americas, Europe, Middle East, Africa, Asia Pacific, and Japan. The company offers general-purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage area networks and disk products, such as HPE and HPE XP Modular Storage Arrays.
See also
Want to see what other hedge funds hold at HPE? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Hewlett Packard Enterprise (NYSE:HPE – Get Rating).
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The global Ventilator Rental market size was valued at USD XX Billion in 2020 and is projected to reach Billion USD by 2028, growing at a CAGR of XX% from 2021 to 2028. Ventilators provides detailed information on market size, trends and growth rates. within the industry. It also provides insights on key market drivers and key challenges facing the industry. Every aspect of the market is analyzed to give you an in-depth insight into what will happen in the future for that particular area, according to the data provided in this report. The report can help to understand the capacity of the market by marking the demands, its advantages and limitations, the growth factors. This data helps to find the strength of competitive advantage locally and globally.
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Key players
Some of the major ventilator rental players with high market share include Lincare Holdings, Miller’s Rental and Sales, Inc., KWIPPED, and US Med-Equip. These players are using new product development and expansion as a key strategy to gain significant market share to compete with market leaders.
The Ventilator Rental Market report gives in-depth insights into the company’s expertise and past performance. It tells you how much market share the company has gained over time, giving you a clear picture of the strength of this industry in general and the type of wealth associated with it. Each character in a market report is regularly updated with analytical skills to better read that market. The report also includes the risks associated with marketing in such a delicate industry. In its report, the companies also present advice for future planning of business expansion accordingly.
The key players profiled in the report are:
Lincare Holdings
Miller’s Rental and Sales, Inc.
KWIPPE
American medical equipment
vimed
Aeroflow
MedOne Group
medical trace
group of blacksmiths
Metran
Today’s business environment is competitive, with companies needing to take advantage of new technologies and market opportunities as they arise. The recently published research report on Global Ventilator Rental Market by Evolve Business Intelligence examines the industry in the context of prevailing market aspects, including market size and forecast, market shares in terms of revenue and volume, key players and SWOT analysis. The sum total of these sections will enlighten you on how you can address potential threats and explore potential opportunities for future growth. The qualitative analysis includes our actual findings from this research study where we have provided additional insights on what our readers can do to seize new opportunities or plan against threats that may hamper the market.
The recent outbreak of a COVID-19 virus has led to severe supply chain disruptions, which, among other things, are slowing business and consumer spending. Travel restrictions and social distancing measures have slowed both purchases of goods and the creation of new products – so this decline is expected to continue for some time. However, there are some encouraging signs that things could return to normal sooner than expected.
The new normal
After the COVID-19 pandemic hit businesses left and right, they had to shift their priorities in order to stay in business! During this time, they have been forced to take actions they never thought they would have to, such as moving potential dangers that could befall them or their business. Now that a cure is in place, we hope more companies will leverage a new mindset that promotes safety on an equal footing to make tomorrow a better day.
In terms of the impact of COVID 19, the Ventilator Rental Market report also includes the following data points:
Impact of COVID19 on Ventilator Rental Market Size
End user/industry/application trend and preferences
Government policies/regulatory framework
Strategy of key actors to fight against negative impacts / post-COVID strategies
Opportunity in the Fan Rental Market
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Report Scope:
Market segment by Duration focusing on the market share, consumption trend and growth rate of Fan Rental market:
● Long term lease
● short term lease
Market segment by Application focusing on the market share, consumption trend and growth rate of Fan Rental market:
● Chronic obstructive pulmonary disease
● Asthma
● Respiratory distress syndrome
● Others
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Key region/countries covered
North America (United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Rest of Europe)
Asia-Pacific (China, Evolve Business Intelligence, India, Japan, South Korea, Rest of Asia-Pacific)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa and Rest of MEA)
Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
The Asia-Pacific region is expected to grow at the highest compound annual growth rate (CAGR) during the forecast period.
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Understand the impact of market forces on your products/services
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About EvolveBI Evolve Business Intelligence is a market research, business intelligence and consulting firm that provides innovative solutions to meet business challenges. Our market research reports include data useful for micro, small, medium and large businesses. We provide solutions ranging from simple data collection to business consulting.
Evolve Business Intelligence is built on the account of technological advancements providing highly accurate data through our in-house AI modeled data analysis and forecasting tool – EvolveBI. This tool tracks real-time data, including quarterly performance, annual performance, and recent developments for Fortune 2000 global companies.
Address Contact us: Jay Pal Evolve Business Intelligence, India
PHOENIX (AP) — The Arizona House on Wednesday approved a ban on cities and towns levying rent taxes on apartments and homes, a move that will save renters but cost municipalities an estimated $200 million a year. year.
The measure has the support of Republican Senate Speaker Karen Fann, meaning it is virtually certain to get a vote even though the legislature is in its final days before adjourning for the year.
“We’re trying to keep people at home,” Fann said Wednesday while explaining the last-minute resumption of the measure. “We’re trying to make sure that with these rising costs…we’re trying to help everyone here.”
The League of Cities and Towns of Arizona strongly opposed the bill that emerged in March but was blocked. The group representing municipalities argued that cities should either raise taxes elsewhere or cut services.
The group said 71 of Arizona’s 91 cities would lose funding to pay for police, fire and other services, while the tax cut would do little to help people who saw their rental payments to skyrocket.
Republican Rep. Shawnna Bolick of Phoenix touted her bill as a way to provide relief to people who have seen their rents soar this year. But Bolick amended the bill on Wednesday to delay implementation from Jan. 1, 2023, to Oct. 1, 2024.
That was partly to comply with a 2019 agreement the Legislative Assembly reached with cities not to change their tax authorities for five years. The deal came as lawmakers approved the automatic collection of taxes from internet sales, but limited the amount paid to cities.
“When you go to the gas station and have to pay almost $6 to fill up your car, there really isn’t anywhere else to get those dollars,” Bolick said. “So that will provide some relief to our tenants that we have across the state in cities that are applying a (tax).”
Four House Democrats joined all but one Republican in supporting the measure, which passed 33 to 25.
Republican Rep. Brenda Barton de Payson opposed the measure, saying the Legislature takes away the ability of small towns and villages to decide what taxes to levy to support their governments.
Fann said municipal revenues have skyrocketed along with state tax revenues. The state has a historic surplus of $5.3 billion this year, and cities are getting a share of that revenue.
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell on Wednesday sought to reassure the public that the Fed would raise interest rates high enough and fast enough to rein in inflation, without tightening credit at the point of strangling the economy and triggering a recession.
Testifying before the Senate Banking Committee, Powell faced skeptical questions from members of both parties about the Fed’s ability to control inflation, which has become the top concern of Americans ahead of the congressional election.
Democrats wondered if the Fed’s accelerated rate hikes would succeed in curbing inflation or instead could simply tip the economy into a slowdown. Several Republicans have accused Powell’s Fed of moving too slowly to start raising rates and must now accelerate its hikes and endanger the economy.
While the Fed’s main objective now is to reduce inflation, Powell pointed out, he still hopes to achieve what he called a “soft landing” – lower inflation and slower growth. without triggering a recession and high unemployment.
“I don’t think we need to cause a recession,” Powell said during the first of two days of testimony as part of the Fed’s semiannual report to Congress. “But we think it’s absolutely essential to restore price stability, really for the benefit of the labor market as much as anything else.”
He said the pace of future rate hikes will depend on whether — and how quickly — inflation begins to decline, which the Fed will assess on a “meeting-by-meeting” basis.
The acceleration in the pace of central bank rate hikes – it started with a quarter-point hike in its short-term policy rate in March, then a half-point hike in May, then three-quarters of a point last week – alarmed investors and led to steep declines in financial markets.
Powell’s testimony comes exactly a week after the Fed announced its three-quarter point hike, its biggest hike in nearly three decades, in a range of 1.5% to 1.75%. With inflation at a 40-year high, Fed policymakers are also forecasting a faster pace of rate hikes this year and next than they forecast three months ago, with its key rate hitting 3, 8% by the end of 2023. That would be its highest level in 15 years.
Concerns are growing that the Fed will eventually tighten credit to the point of triggering a recession. This week, Goldman Sachs put the probability of a recession at 30% over the next year and 48% over the next two years.
A senior Republican banking committee official, Sen. Thom Tillis of North Carolina, on Wednesday accused Powell of taking too long to raise rates, saying the Fed hikes are “long overdue” and that his rate short-term benchmark should go much higher.
“The Fed has largely locked itself into a menu of purely reactive policy measures,” Tillis said.
Tillis, like many Republicans, also accused President Joe Biden’s $1.9 trillion financial stimulus package, approved in March 2021, of being excessively large and exacerbating inflation. Many economists agree that the extra spending contributed to higher prices by amplifying demand even as supply chains were hampered by COVID-related shutdowns and labor shortages drove up wages. Inflationary pressures were further aggravated by Russia’s invasion of Ukraine.
Biden is expected on Wednesday to ask Congress to suspend U.S. gasoline and diesel taxes to lessen the impact of high fuel prices, which average nearly $5 a gallon. Many economists are skeptical that consumers will see any benefits from a tax holiday on the 18.4 cents per gallon gas tax.
Public concern over inflation has weakened Biden’s approval ratings and increased the likelihood of Democratic losses in November. While taking some steps to try to lessen the burden of inflation, the President underscored his belief that the ability to rein in inflation rests primarily with the Fed.
At Wednesday’s hearing, Sen. Elizabeth Warren, a Democrat from Massachusetts, challenged Powell’s rate hike plans and asked if they would cut gasoline or food prices, some of the driving forces behind them. more important than inflation. Powell acknowledged that they would not.
Warren said Biden’s efforts to fight inflation, like trying to clean up clogged supply chains and increasing the use of antitrust rules to break up monopolies, would more effectively combat rising prices.
Fed rate hikes, however, can only dampen demand, which will increase unemployment and weaken growth, Warren said.
“You know what’s worse than high inflation with low unemployment? she asked. “High inflation and a recession with millions out of work.”
“I hope you think about that before you knock the US economy off a cliff,” Warren added.
At a press conference last week, Powell suggested that a half- or three-quarter-point rate hike would be considered at the Fed’s next meeting in late July. Either would exceed the Fed’s quarter-point hikes that have been typical in the past, and they reflect the central bank’s struggle to rein in high inflation as quickly as possible.
Anticipating further significant rate hikes to come, investors pushed Treasury yields sharply higher, making borrowing costs for home purchases, in particular, more expensive. With the average 30-year fixed mortgage rate hitting around 5.8%, nearly double the rate from just a year ago, home sales have weakened. Credit card and auto users are also being hit by higher borrowing costs.
In projections they released last week, Fed officials forecast that while the economy will slow sharply this year and next, it will continue to grow. They also project, however, that the unemployment rate will rise by half a percentage point by 2024, a rise that economists say could lead to a recession.
Powell also said Wednesday that the Fed still sees no sign of a significant slowdown in inflation, even though some price measures, excluding gasoline and food, have slowed slightly over the past four months. month.
“We’re looking for that,” he said. “We don’t see it yet.”
Dun & Bradstreet Holdings, Inc. (NYSE:DNB – Get Rating) Director Richard N. Massey sold 100,000 shares of Dun & Bradstreet in a trade dated Tuesday, June 21. The shares were sold at an average price of $14.90, for a total transaction of $1,490,000.00. Following the transaction, the administrator now directly owns 199,882 shares of the company, valued at $2,978,241.80. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website.
DNB shares rose $0.03 during trading hours on Tuesday, hitting $14.60. The company had a trading volume of 1,493,447 shares, compared to an average volume of 1,729,553. The company has a fifty-day moving average price of $16.08 and a 200-day moving average price of 17, $76. Dun & Bradstreet Holdings, Inc. has a one-year low of $13.67 and a one-year high of $22.88. The company has a market capitalization of $6.34 billion, a PE ratio of -81.11, a growth price-earnings ratio of 1.88 and a beta of 0.60. The company has a debt ratio of 0.99, a quick ratio of 0.75 and a current ratio of 0.75.
Dun & Bradstreet (NYSE:DNB – Get Rating) last reported quarterly results on Monday, May 9. The business services provider reported EPS of $0.24 for the quarter, beating analyst consensus estimates of $0.23 by $0.01. Dun & Bradstreet recorded a negative net margin of 3.55% and a positive return on equity of 12.28%. The company posted revenue of $536.00 million in the quarter, versus analyst estimates of $527.29 million. In the same period a year earlier, the company posted earnings per share of $0.23. The company’s revenue for the quarter increased 5.3% year over year. Equity research analysts expect Dun & Bradstreet Holdings, Inc. to post EPS of 1.09 for the current year.
(A d)
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Several hedge funds have recently changed their positions in the company. Cannae Holdings Inc. increased its position in Dun & Bradstreet by 29.7% during the first quarter. Cannae Holdings Inc. now owns 88,278,041 shares of the business services provider valued at $1,546,631,000 after purchasing an additional 20,225,711 shares during the period. Mawer Investment Management Ltd. increased its position in Dun & Bradstreet by 182.1% during the first quarter. Mawer Investment Management Ltd. now owns 15,891,894 shares of the business services provider valued at $278,426,000 after purchasing an additional 10,257,937 shares during the period. Thomas H Lee Partners LP increased its position in Dun & Bradstreet by 19.7% during the first quarter. Thomas H Lee Partners LP now owns 57,867,617 shares of the business services provider valued at $1,013,841,000 after purchasing an additional 9,515,754 shares during the period. River Road Asset Management LLC acquired a new stake in Dun & Bradstreet during the fourth quarter valued at approximately $142,529,000. Finally, Goldman Sachs Group Inc. increased its position in Dun & Bradstreet by 1,045.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,930,973 shares of the business services provider valued at $142,016,000 after purchasing an additional 6,325,905 shares during the period. Hedge funds and other institutional investors hold 93.47% of the company’s shares.
A number of brokerages have recently released reports on DNB. Bank of America began covering Dun & Bradstreet shares in a research report on Friday, March 11. They set an “underperforming” rating for the company. StockNews.com launched coverage on Dun & Bradstreet shares in a Thursday, March 31 report. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft launched a hedge on Dun & Bradstreet shares in a Wednesday, March 30 report. They issued a “hold” rating and a target price of $20.00 for the company. Needham & Company LLC cut its price target on Dun & Bradstreet shares from $28.00 to $21.00 in a Tuesday, May 10 report. Finally, Credit Suisse Group cut its price target on Dun & Bradstreet shares from $30.00 to $23.00 and set an “outperform” rating for the company in a Tuesday, May 10 report. One equity research analyst gave the stock a sell rating, five issued a hold rating and two gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.14.
Dun & Bradstreet Company Profile (Get an assessment)
Dun & Bradstreet Holdings, Inc provides business decision data and analytics in North America and internationally. It offers finance and risk management solutions, including D&B Finance Analytics, an online application that provides clients with real-time access to its information, comprehensive monitoring and portfolio analysis; D&B Direct, an application programming interface (API) that delivers risk and financial data directly into business applications for real-time credit decision making; D&B Small Business, a suite of powerful tools that allows SMEs to monitor and build their business credit history; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisions and reports; and InfoTorg, an online SaaS application.
Further reading
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BEIJING (AP) — Asian stocks rebounded on Tuesday as Wall Street futures rose while U.S. markets were closed for a holiday.
Shanghai, Tokyo, Hong Kong and Sydney won. Oil prices rebounded to over $110 a barrel.
Futures for Wall Street’s benchmark S&P 500 rose 1.4% after a three-day holiday weekend.
“Today’s gains attempt to pare previous losses, suggesting the presence of bearish buyers,” IG’s Yeap Jun Rong said in a report.
The Shanghai Composite Index gained less than 0.1% to 3,318.29 and the Nikkei 225 in Tokyo gained 1.8% to 26,225.15. Hong Kong’s Hang Seng advanced 1% to 21,368.85.
Seoul’s Kospi rose 0.4% to 2,398.95 and Sydney’s S&P-ASX 200 rose 1.2% to 6,509.80.
The New Zealand and Southeast Asian markets grew.
Investors fear that efforts by US and European central banks to rein in inflation, which is at its highest level in four decades, could derail global economic growth.
Japan and China, two of the three largest economies, avoided joining in the rate hikes. On Monday, the Chinese central bank left its key rates unchanged. The Bank of Japan stuck to its near-zero interest rate policy last week despite fears of a weaker yen exchange rate.
The S&P 500 has fallen more than 20% since its peak on Jan. 3, putting it in what traders call a bear market.
Investors are looking for clues about the Fed’s plans for possible additional rate hikes when Chairman Jerome Powell speaks before congressional committees this week.
On Monday, European stock markets rose. Shanghai, Tokyo and Seoul fell.
In energy markets, benchmark U.S. crude jumped $2.47 to $110.45 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the price standard for international oil trade, gained $1.46 to $115.59 a barrel in London.
The dollar remained stable at 135 to the yen. The euro gained $1.0529 from $1.0491.
The Japanese cloud IAM market is expected to grow at a CAGR of 21.9% through 2032, making it one of the fastest growing markets in this report. The US cloud IAM market is expected to reach 15%. The healthcare segment is expected to grow at a CAGR of 22.7% between 2022 and 2032
NEWARK, Del., June 20, 2022 /PRNewswire/ — According to market analysis of cloud IAM by Future Market Insights (FMI), market adoption of cloud IAM is expected to grow with CAGR of 18.3% from 2022 to 2032. The report indicates that the market is expected to reach a valuation of ~US$25,539.2 million by the end of 2032. The growth is mainly attributed to the integration of artificial intelligence and machine learning in IAM solutions.
Artificial intelligence combined with analytics can provide contextual and targeted insights so non-technical and technical employees can work more effectively. These advanced technologies help accelerate today’s IAM compliance checks.
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It can detect potential threats and anomalies, without the need for a large team of security experts. In addition to this, many IAM solution providers have started adding behavioral data analytics using ML technology to improve security tactics.
Highlights: Cloud IAM Market
By solution, the IAM cloud platform segment is expected to account for the largest share of global IAM cloud demand in 2021.
The standalone software segment is expected to grow at a CAGR of 19.5% through 2032.
Among enterprise size, the SME segment is expected to grow at a CAGR of 20.2% during the forecast period.
By industry, the healthcare segment is expected to grow at a CAGR of 22.7% between 2022 and 2032.
North America is expected to dominate the IAM cloud market, followed by Europe in 2022.
South Asia & Pacific is expected to witness the fastest growing global cloud IAM market over the forecast period.
The US Cloud IAM market is expected to grow at a CAGR of approximately 15.1% through 2032.
In East Asia, China The cloud IAM market is expected to grow 6.1x during the forecast period.
Japan is expected to grow at the highest CAGR of 21.9% over the assessment period.
“The increasing prevalence of data theft and the growing adoption of identity and access management software in the IT, healthcare and BFSI industries are expected to drive the demand for cloud IAM solutions in India. global scale.” says the IMF analyst.
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Main companies featured inThe Cloud IAM market is
IBM
Microsoft
Broadcom
Auth0
CyberArk
Oracle Corporation
OneLogin, Inc.
Hewlett Packard Enterprise
Sailpoint Technologies Holdings, Inc.
Ping identity
Okta
Dell
Evidian
Growing adoption of BOY through organizations
A variety of mobility moves in organizations have tightened security measures to verify or authenticate the end user’s machine. The growing penetration of tables, personal devices, and mobiles helps employees connect to the network of organizations through their personal devices.
Lately, employees prefer to use their own devices instead of using desktops or laptops. This ultimately creates the need for IAM cloud solutions to access the network. Therefore, the growing adoption of BOY by many organizations ultimately fuels the demand for IAM solutions.
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More valuable insights into the Cloud IAM market
Future Market Insight report on cloud IAM market research is segmented into four main sections: solution (cloud IAM platform and standalone software (cloud single sign-on (SSO), directories in cloud, cloud password management, etc.)), enterprise size (small and medium enterprises (SMEs) and large enterprises)), industry (BFSI, telecommunications and IT, energy and utilities, healthcare, manufacturing, education, retail and others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in cloud IAM demand prospects.
Cloud IAM Outlook by category
By Solution:
Cloud IAM Platform
Standalone software
Cloud single sign-on (SSO))
Cloud-based directories
Cloud password management
Others
By business size:
Small and medium-sized enterprises (SMEs)
Large companies
By industry:
BFSI
Telecom & IT
Energy and Utilities
Health care
Manufacturing
Education
Detail
Others
By region:
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa (SOUL)
Request regional data at https://www.futuremarketinsights.com/ask-regional/rep-gb-4648
About Future Market Insights Electronics, Semiconductors and ICT Division
Expert analysis, strategic recommendations and actionable insights – Future Market Insights’ electronics, semiconductors and ICT team helps clients around the world meet their unique business intelligence needs. With a repository of over 500 electronics, semiconductors and ICT reports, of which over 100 reports are solutions specific, the team provides end-to-end research and analysis on regional trends, market growth drivers and research development efforts in the electronics, semiconductor and ICT industry.
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Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides detailed information on the driving factors that increase the demand in the market. It reveals opportunities that will drive market growth in various segments based on source, application, sales channel, and end-use over the next 10 years.
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A trade body is calling for a partnership with government to push the home heating market towards heat pumps as sales of new fossil fuel boilers are phased out by the mid-2030s.
The Heat Pump Association is also changing direction to encourage more installers ahead of an expected surge in demand.
Last month the Department for Business, Energy and Industrial Strategy launched its controversial boiler upgrade programme.
Homeowners in England and Wales and owner occupiers can apply for grants of up to £5,000 towards the cost and installation of an air-source heat pump or biomass boiler, and up to £6,000 towards the cost and installation of a geothermal heat source. pump.
The subsidy is paid directly to the installer and deducted from the price invoiced.
Phil Hurley, President of the Heat Pump Association, says: “Central heating will personalize an important part of the journey to zero emissions for millions of consumers.
“The next decade will see the biggest upheaval in the heating industry in living memory as homes across the country are increasingly heated by heat pumps.
“The heat pump industry is fully prepared to take on this challenge and be the main driver of this change, with the government providing the favorable policy change.
“Significant investment in manufacturing and installer training in the UK has already been made in response to some of the signals the government has given so far. Greater clarity in the policy framework will unlock the remaining investor confidence needed to complete the job.
“Today’s 130,000 heating engineers and a new generation of apprentices will be at the heart of this transition. »
The boiler upgrade program is open to domestic properties and small non-domestic properties with an installation capacity of up to 45kWth (this covers most homes) and with a current energy performance certificate without exceptional recommendations for attic or cavity wall insulation.
Subsidies are only available for air source heat pumps, biomass boilers and geothermal heat pumps (including water source heat pumps and those on shared ground loops).
Hybrid heat pump systems, for example a combination of a gas boiler and an air source heat pump, are not eligible.
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MANILA, Philippines — Carjacking cases have plummeted as criminal groups have turned to rent-tangay and rent-sangla schemes, a Philippine National Police (PNP) official reported yesterday.
Brig. General Rommel Marbil, head of the PNP Highway Patrol Group, said car thefts had “almost disappeared”.
“Cases of carjacking in the country are not so common these days. However, rent-tangay and rent-sangla cases are increasing,” Marbil said in an interview on dzBB.
PNP data showed car theft incidents dropped by 35.48% from 93 cases to 60 in the first quarter of 2022.
According to the police, the number of stolen motorcycles also decreased by 17.55%, from 507 to 418 during the same period.
He attributed the drop in carjacking cases to the deployment of police in public places.
“Maybe the police are seen everywhere. This is why criminal networks have turned to the rental-tangay scam,” he added.
Police say rent-sangla is a scheme in which car owners fall prey to fraudulent promises of rental income only to find their vehicles have been mortgaged or sold to others.
Marbil urged those buying used cars to ask for the official receipt and vehicle registration certificate as well as the seller’s driver’s license before completing the transaction.
TEL AVIV, Israel (AP) — Israeli forces shot and killed a Palestinian on Sunday, the Palestinian Health Ministry said, after the Israeli military said he attempted to illegally cross the separation barrier that separates Israel and the occupied West Bank.
In a statement, the army said soldiers saw the man “sabotage” the fence outside the West Bank town of Qalqilya and “attempt to enter Israeli territory illegally”. Forces opened fire to arrest him and shot him, the statement said.
The Palestinian Health Ministry said forces killed the man, identified as Nabil Ahmed Salim Ghanem from the West Bank city of Nablus, near the fence. The official Palestinian Wafa news agency said he was 53. No other details were immediately available.
Thousands of Palestinians enter Israel illegally from the West Bank through holes in the barrier, much of which is a towering wall but is also made of fences that are susceptible to damage. Many work as day laborers and earn far higher wages than those in the West Bank.
While incidents like Sunday’s are relatively rare, Israeli forces killed a Palestinian last month in similar circumstances.
Israelis have focused on the illegal entry of Palestinians in recent months following a series of attacks on Palestinians who snuck into Israel before carrying out killings. The authorities, who have long turned a blind eye, have pledged to seal the leaky parts and replace the fences with concrete walls.
Tens of thousands of Palestinians also enter Israel legally using hard-to-obtain permits.
Israel says the barrier helped stop a wave of suicide bombings and other attacks by Palestinians who slipped into the country during the 2000-2005 uprising and is still needed to prevent deadly violence .
But the barrier also repeatedly advances in the West Bank and the Palestinians see it as an illegal land grab. The International Court of Justice declared in 2004 that the barrier was “contrary to international law”.
Prices for private rentals have soared 20% over the past two years in South Australia, according to new figures from the SA Housing Authority.
Key points:
Average private rental prices increased from $350 to $420 per week over two years
Murray Bridge has seen one of the biggest increases
Renters have to leave when people buy houses
Rents have particularly risen in towns south of Adelaide and at Murray Bridge, according to data gathered from bonds submitted to consumer and business services.
Although not as high, rent increases are more consistent in the Adelaide metro area, with rents in every postcode increasing over the past two years.
Statewide, the average rent for a home has risen from $350 to $420 for leases beginning in January-March 2022, compared to two years earlier.
The number of available homes has increased from 10,245 per quarter to 7,760.
Among the biggest increases are towns south of Adelaide, such as Willunga, Myponga, Sellicks Beach and Clarendon, where rents have risen by 40-67%, depending on location.
Julie Parsons, a McLaren Vale-based property manager, said the increase was due to strong demand for properties to buy — including from interstate people able to work from home — and low supply.
She said the area offered a country lifestyle while not being far from Adelaide or Victor Harbor.
“A lot of landlords sold, so tenants had to leave,” she said.
A single mother of four, Kirsty Rich was one such tenant.
She had to leave her six-year-old home in Aldinga Beach and was homeless for three months last year – couch surfing and using motels – before finding a place about 45 kilometers away.
Kirsty Rich may have to move out of the rental she found before her new home was built.(ABC Radio Adelaide: Malcolm Sutton)
She spent all her time looking for a new rental and had to move her children to a new school.
“It was so awful,” she said.
She bought land near where she currently lives – thanks to the help of her parents and an ABC Radio Adelaide listener – but is again at risk of being evicted from her home, the new owner looking to sell.
It could take up to 12 months to move into his new home from his tenancy, due to delays in council approvals and the start of works.
“It took me 12 months to find my land and I see the prospect of 6 to 12 months without knowing where [I’m] going to be,” Ms. Rich said.
Population pressure at Murray Bridge
While the biggest rent increases were in the small towns of Stansbury, Quorn and Andamooka, the biggest increase for a big city was in Murray Bridge – at almost 70%.
It now costs $450 a week on average to rent a house in the town 75 kilometers southeast of Adelaide, down from $265 in January-March 2020.
There is very little social housing available in Murray Bridge.(Provided: Albert Goodridge)
Murray Bridge Mayor Brenton Lewis said it was a matter of ‘supply and demand’, with the town’s economy thriving after setbacks such as the Thomas Foods slaughterhouse fire in 2018 .
He said the town’s population of 23,000 was growing and would one day overtake Whyalla and Mount Gambier.
“There are not enough places to rent across a range of accommodation types,” he said.
“It’s a good thing and a bad thing… People are starting to realize that it’s a very nice place to live.
“It’s not that far from the city and we have a lot of jobs – a lot of it is in the food processing industry, but not all of it.”
He hopes that new developments are on the horizon and that the building supply problems ease, the situation can be eased within 12 months.
Shane Maddocks, chief executive of ac.care – the gateway service for the homeless at Murray Bridge – said rents were simply becoming unaffordable for people on benefits or on low incomes.
According to the SA Housing Authority, there were only 15 vacant public homes in the city in 2021, out of 630 owned by the state government, while another 10 were non-tenants.
With private rentals increasing, Mr Maddocks said fewer people could now afford to leave social housing, so no places were opening up.
“But we also have full-employed people, often with reasonable incomes, who can’t find rental properties,” he said.
Ac.care chief executive Shane Maddocks said people had access to services such as help paying for food.(Supplied: ac.care)
Apart from some rural areas, only Gawler and Angle Vale saw rent declines, due to a large number of homes coming on the market in suburban towns north of Adelaide.
Unit rents have fallen by 7% in Adelaide’s CBD, with fewer international students looking for apartments.
The most expensive postcode to rent in South Australia is 5065, which includes the suburbs of Dulwich, Glenside, Linden Park, Toorak Gardens and Tusmore, immediately southeast of Adelaide’s CBD, at $700 per week.
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Looking for a getaway that’s not too close, but not too far – and isn’t this your typical hotel suite?
How about staying in a 100-year-old train carriage?
For around $200 a night, you and eight guests can spend a few days inside an original Pullman Palace train car in Plano, IL. According to Willie Cade, the train’s owner, the “Constitution” sleeping car was built in 1905 at the original Pullman Train Factory, a few miles from Chicago.
Cade says the train has been in his family since “his cousin’s grandfather bought it from George Pullman in the 1950s and made it a weekend getaway.”
Courtesy of Willie Cade
The Pullman Palace Train Car “Constitution”, available for rent on Airbnb about an hour from Chicago.
According to Cade, Andrew Carnegie rented the car at one point to go out West. And Presidents Woodrow Wilson and Warren G. Harding had also praised it “when presidents traveled by train.”
The car, available for rent on Airbnbcan accommodate eight people and includes four cabins, a dining room, a kitchen, an office, two fireplaces, three bathrooms and, according to the advertisement, a piano.
Courtesy of Willie Cade
The Pullman Palace Train Car “Constitution”, available for rent on Airbnb about an hour from Chicago.
Most of the car’s wood fittings and interiors are stock, Cade said.
The stay also includes access to a private swimming pool named after the famous synchronized swimmer of the 1950s, Esther Williams.
The wagon sits on six acres of land near Big Rock Creek in Plano, about 60 miles southwest of Chicago. Visitors have to cross cornfields to get there. There is no television and no internet.
Courtesy of Willie Cade
The Pullman Palace Train Car “Constitution”, available for rent on Airbnb about an hour from Chicago.
“The train tracks are about an hour away,” Cade said. “If you’re lying in bed at night, you can kind of hear this ghostly train going by.”
According to the AirbnB listing, the “Constitution” has a 4.62 star rating and 90 reviews. It is almost fully booked for the whole month of July and August.
Courtesy of Willie Cade
The Pullman Palace Train Car “Constitution”, available for rent on Airbnb about an hour from Chicago.
Rollstone Bank & Trust (RBT) today announced the hiring of Kimberly Lawn as Vice President – Chief Information Security Officer (ISO). She succeeds Paula Murphy, who retired after 45 years of service at the Bank.
Kimberley Lawn. (Courtesy picture)
As an ISO, Lawn is responsible for maintaining an enterprise-wide information security and information risk management program. She will oversee the teams and systems responsible for protecting confidential customer information and protecting the Bank against cyberattacks.
“Rollstone is honored to have Kim Lawn join our team. She comes to us with a strategic mindset and deep technical expertise that will strengthen our already robust security infrastructure,” said Martin F. Connors Jr., President and Chief management of Rollstone Bank & Trust “We are delighted to have her take on this leadership role within our team.”
Lawn has over 20 years of experience in the information technology field, with her most recent role as assistant vice president of information security at Winchester Savings Bank. Additionally, Kimberly holds various credentials including an ITIL Foundation certification and Microsoft administration certifications.
“With cybersecurity threats constantly escalating and evolving, we need to maintain a strong security posture, while ensuring our lines of business have the ability to operate effectively and efficiently,” Lawn said. “I am delighted to continue the work already underway at Rollstone and to help ensure the safety and security of our customers and the Bank.”
About Rollstone Bank & Trust
At Rollstone Bank & Trust, we offer a personal service that goes above and beyond. Our commitment to providing our clients with superior banking and wealth management solutions, along with the support they need to thrive at work and at home, has allowed us to build one of the most trusted banks in the the region. With branches located in central Massachusetts, customers have peace of mind knowing that we are FDIC and DIF insured and are never far from home. Rollstone Bank & Trust – it’s where you matter most.
Press release submitted by Rollstone Bank & Trust
Rollstone Bank & Trust (RBT) today announced the hiring of Kimberly Lawn as Vice President – Chief Information Security Officer (ISO). She succeeds Paula Murphy, who retired after 45 years of service at the Bank.
Kimberley Lawn. (Courtesy picture)
As an ISO, Lawn is responsible for maintaining an enterprise-wide information security and information risk management program. She will oversee the teams and systems responsible for protecting confidential customer information and protecting the Bank against cyberattacks.
“Rollstone is honored to have Kim Lawn join our team. She comes to us with a strategic mindset and deep technical expertise that will strengthen our already robust security infrastructure,” said Martin F. Connors Jr., President and Chief management of Rollstone Bank & Trust “We are delighted to have her take on this leadership role within our team.”
Lawn has over 20 years of experience in the information technology field, with her most recent role as assistant vice president of information security at Winchester Savings Bank. Additionally, Kimberly holds various credentials including an ITIL Foundation certification and Microsoft administration certifications.
“With cybersecurity threats constantly escalating and evolving, we need to maintain a strong security posture, while ensuring our lines of business have the ability to operate effectively and efficiently,” Lawn said. “I am delighted to continue the work already underway at Rollstone and to help ensure the safety and security of our customers and the Bank.”
About Rollstone Bank & Trust
At Rollstone Bank & Trust, we offer a personal service that goes above and beyond. Our commitment to providing our clients with superior banking and wealth management solutions, along with the support they need to thrive at work and at home, has allowed us to build one of the most trusted banks in the the region. With branches located in central Massachusetts, customers have peace of mind knowing that we are FDIC and DIF insured and are never far from home. Rollstone Bank & Trust – it’s where you matter most.
MINNEAPOLIS (AP) — A former Minnesota oil industry executive who co-founded a facility that loaded North Dakota crude onto railcars has been convicted of an inventory manipulation scheme.
A federal jury in New York on Tuesday found Michael Reger guilty of securities fraud, concluding a lawsuit filed five years ago against Reger and Ryan Gilbertson, the other former co-owner of Wayzata-based Dakota Plains Holdings. Reger was acquitted of insider trading.
The lawsuit alleges that Reger and Gilbertson intentionally manipulated Dakota Plains’ stock price during its first 20 days of trading. Gilbertson was convicted in 2018 and sentenced to 12 years in prison for wire fraud, securities fraud and conspiracy to commit securities fraud.
Earlier this month, a federal judge gave preliminary approval to a $14 million settlement between Dakota Plains shareholders and several other directors and officers of the now-defunct company. Gilbertson has agreed to testify against Reger as part of his settlement, but he does not have to pay damages, the Star Tribune reported.
Reger said he “refused to settle because I think I did nothing wrong and didn’t harm the shareholders of the company. In fact, my family was the largest shareholder in the company even when it filed for bankruptcy.
U.S. District Court Judge Jed Rakoff will decide what damages Reger should pay shareholders. A third defendant in the case, Douglas Hoskins, was sentenced in 2018 to two years in prison for his role in the scheme.
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