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Alphabet raises $10B with the biggest, cheapest bond sale in its history

Alphabet said the latter represents “the largest sustainability or green bond by any company in history.”

“Although a number of companies have issued green bonds (directed solely to environmental uses), sustainability bonds differ in that their proceeds support investment in both environmental and social initiatives,” said Alphabet in a statement.

Alphabet also issued the bonds with some of the lowest interest rates in corporate history.

The motivation behind Alphabet‘s bond sale, its first in four years, remains unclear — especially considering the Mountain View tech giant currently sits on $121 billion in cash and short-term investments.

Them and the swathes of other US companies to take on billions of dollars worth of debt by selling corporate bonds this year.

Investors: Should You Buy Bitcoin or Real Estate

Real estate is a more popular inflation hedge, as it’s been around for thousands of years.

Of course, Bitcoin is still a speculative bet when compared to the tried-and-true hedge of owning real estate.

If you’re looking to protect your dollars from inflation, both real estate and Bitcoin can do the trick.

Plus, because real estate is a fantastic inflation hedge, you can mitigate the damage from multi-trillion-dollar stimulus packages.

Due to the unprecedented fiscal stimulus programs to combat the coronavirus challenge, there could be heavy long-term inflation to come, or at least decreased confidence in nation-backed currencies, which only drives value to cryptocurrencies like Bitcoin.

Image of article 'Exxon Mobil: COVID-19 Vaccine Needed To Save The Dividend (NYSE:XOM'

Exxon Mobil: COVID-19 Vaccine Needed To Save The Dividend (NYSE:XOM

I will still be maintaining my Bullish rating, since Exxon still offer a way to capitalize on any eventual recovery in oil and gas prices, regardless of the dividend.

Although shareholders should still expect to see Exxon's dividends flowing unchanged throughout the remainder of 2020, if a COVID-19 vaccine does not transpire by early 2021, it now appears that the company's dividend will be joining the long list of causalities.

The prices of oil and gas are notoriously difficult to accurately predict, but given the current COVID-19 situation and resulting economic environment, at best it seems sensible to assume that operating conditions will average between those of the first and second quarters of 2020.

This means that a proper and sustained recovery in oil and gas demand, and thereby prices, within the short to medium term is also likely to be dependent on a vaccine, along with the dividend of Exxon Mobil.

One of the most argued topics of this downturn is whether the oil and gas supermajor Exxon Mobil (XOM) will reduce its dividend for the first time since the dark days of World War 2.

Image of article 'Mitsui & Co., Ltd. (MITSF) Management on Q1 2021 Results     -     Earnings Call Transcript'

Mitsui & Co., Ltd. (MITSF) Management on Q1 2021 Results - Earnings Call Transcript

Core operating cash flow for the first quarter of the year was JPY 110.8 billion, and year-on-year decrease of JPY 31.6 billion.

Although the worst period of macroeconomic stagnation may have passed, and our first quarter has produced a solid start relative to the plan, it is expected that the true impact on each business from COVID-19 will be reflected from the second quarter onwards.

Cash inflow for the period included core operating cash flow of ¥110 billion, along with inflow mainly from asset recycling of ¥40 billion arising from the sale of assets such as power generation business in North America.

Due to the slowdown in commodity markets and economic activity arising from COVID-19, our results are lower year-on-year, however, factors such as high iron ore prices, strong trading in oil and LNG, and FTTPL earnings mean that we are progressing steadily with our initial plan.

Although performance for the first quarter of the financial year could not avoid being lower than the previous period of the last fiscal year due to the impact of COVID-19, we have proved racing well against our plan, mainly due to strong performance from resources and energy and innovation and corporate development.

Image of article 'OPINION       |       You cannot call yourself successful in a society that fails'

OPINION | You cannot call yourself successful in a society that fails

In South Africa, given the regulatory requirement to consider more sustainable investing and development prerogatives we as investors face, we urgently need to develop our impact investing capabilities and fund offerings to help convert many of our challenges into opportunities for investment.

Given the challenging environment investors face, we are well-versed in factors such as a constrained economic outlook, sluggish stock market performance, political uncertainty and lack of business confidence that put a lid on our investment expectations.

This means that pension and other funds that only access the listed bond market for credit exposure are limiting diversification benefits to just 20% of SA Inc's debt needs.

Despite Regulation 28 enabling at least 35% of allocations toward private markets (such as private debt and equity), our research shows that South African investors allocate only about 2% of their assets to alternatives.

Current pension fund laws make it a requirement to incorporate sustainable investing and explicitly require consideration of environmental, social and governance factors.

added finance (general) business
Image of article 'Anand Mahindra hopeful of market revival over Fauci's corona vaccine assurance'

Anand Mahindra hopeful of market revival over Fauci's corona vaccine assurance

With the US President health advisor Dr Anthony Fauci hinting at the arrival of vaccines against Covid-19, business tycoon Anand Mahindra has expressed hope that the fragile market will take a cue from it and rebound.

Taking to Twitter, Mahindra wrote, "In today’s world, this one man’s statements could affect global financial markets more strongly than the words of any political leader or central bank governor.

Let us see now markets respond this coming week."

published finance (general) business
Image of article 'NMI Holdings: Earnings Beats And P/B Expansion Expected As Residential Housing Shines (NASDAQ:NMIH'

NMI Holdings: Earnings Beats And P/B Expansion Expected As Residential Housing Shines (NASDAQ:NMIH

NMIH's stock has appreciated ~11% since I began coverage on the PMIs in May of 2020, slightly lagging the S&P 500 by ~2%.

Below is a quarterly look at the four pure-play PMIs' ROEs, TTM revenue growth rates, and P/B ratios: Not only has NMIH's top line been exploding, but it's also gradually been improving the bottom line as the business has scaled.

During the height of the market sell-off in March, NMIH traded as low as $8.06 inter-day, a P/B of 0.59x, clearly sending the message that the market expected massive mortgage defaults and a sharp decline in housing prices.

If NMIH's Q2 earnings beats, as I'm expecting, and they give an optimistic assessment similar to ACGL, I believe the sell-side will be raising their price targets.

Based on the macro backdrop and ACGL's earnings, I expect all of the pure-play PMIs to perform well going into earnings, but I am particularly bullish on NMIH given its significantly lower default rate as of quarter end.

Image of article 'What is Exchange Traded Fund or ETF? How is it taxed'

What is Exchange Traded Fund or ETF? How is it taxed

Exchange traded funds or ETFs are a popular form of passive investing.

An ETF invests in a basket of securities that mostly tracks a certain index.

ETFs are similar to mutual funds, but the big difference is that the ETFs can be bought and sold only through the stock exchanges.

ETFs have a much lower expense ratio compared to mutual funds.

published finance (general) economy

Apple spent $7.4M to lobby coronavirus, education, other issues in first half of 2020

"iPad was helped in the June quarter there by the work from home and distance learning as it was in other geographies," Apple CEO Tim Cook said in an earnings conference call on Thursday.

The tech giant saw an uptick in iPad and Mac sales in its just ended third fiscal quarter as work from home policies and distance learning became the new normal.

Proposed and passed by the House in May, the Health and Economic Recovery Omnibus Emergency Solutions Act includes emergency funding for stimulus checks, tax cuts, federal and state agency operations, options for low-income households, support for small businesses, healthcare bailouts and other contingencies designed to counter fallout from the coronavirus.

Part of Apple's funding went to lobbying group Invariant, which attempted to impact policy on a U.S. coronavirus recovery and stimulus bill known as The Heroes Act, reports CNBC.

According to new data from the Center for Responsive Politics, Apple spent some $7.4 million in the first half of 2020 to lobby lawmakers on issues ranging from the coronavirus pandemic to remote learning.

1 TSX Residential Lender Just Reported a Great Quarter and Pays a 6.8% Dividend

First National reported a dividend of $0.1625 for July, taking its forward payout to $1.95 for the year, a forward dividend yield of 6.8%.

The pandemic did affect the company with net interest revenue earned on securitized mortgages dropping 39% to $21 million and mortgage investment income decreasing 22% to $17 million due to a lower interest rate environment because of COVID-19.

Other major reported numbers that went up are placement fees that increased 47% to $88.7 million, mortgage servicing income rose 5% to $41 million, and gains on deferred placement fee revenue increased 124% to $6.5 million.

First National Financial Corporation (TSX:FN) is Canada’s largest non-bank originator and underwriter of mortgages lender that focuses mainly on the residential space.

The Motley Fool Canada » Bank Stocks » 1 TSX Residential Lender Just Reported a Great Quarter and Pays a 6.8% Dividend Residential mortgages are generally a good bet.

Image of article 'Banco de Sabadell, S.A. (BNDSF) CEO Jaime Guardiola on Q2 2020 Results     -     Earnings Call Transcript'

Banco de Sabadell, S.A. (BNDSF) CEO Jaime Guardiola on Q2 2020 Results - Earnings Call Transcript

As shown in the graph on the upper left-hand side, new mortgage lending in June was almost back to the pre-COVID levels.

Looking at the right-hand side of the slide, we can see how the recovery of our lending to individuals in terms of both consumer loans and mortgages, has taken hold in the second quarter.

Around 60% of new SME loans recorded in the second quarter are ICO-guaranteed loans, the public guarantees program for lending for SMEs.

The corporate and SME segments were the strongest drivers of growth in the quarter, mainly due to the new production of ICO-guaranteed loans.

Fiscal support, with subsidies, payment holidays as well as government-backed business loans, have been vital in supporting the economy in both Spain and the UK.

Image of article 'Ultralife Corporation's (ULBI) CEO Michael Popielec on Q2 2020 Results     -     Earnings Call Transcript'

Ultralife Corporation's (ULBI) CEO Michael Popielec on Q2 2020 Results - Earnings Call Transcript

Including the interest expense and debt incurred to fund our 2019 SWE acquisition and using the 22.9% effective tax rate, net income was $1.7 million or $0.10 per share on a diluted basis for the 2020 second quarter.

As a percentage of total revenues, consolidated gross margin was 27.9% versus 30.2% for last year's second quarter.

Revenues from our Battery & Energy Products segment were $24.0 million, an increase of 18.4% over last year attributable to a 71.7% increase in medical battery sales, and a 49.8% increase in government defense sales, partially offset by a 33.7% decline in oil and gas market sales.

In a few minutes, I'll give you further information on our revenue initiatives but first, I'd like to ask Ultralife's CFO, Phil Fain, to take you through additional details of the second quarter 2020 financial performance.

For the second quarter of 2020, in the face of ongoing market, supply chain and operational headwinds due to the COVID-19 pandemic, Battery & Energy Products core revenues were up organically 23% year-over-year, driven by strong increases in both our medical and government defense revenues.

Image of article 'Good News Surrounds The Quicken Loans IPO (Pending:RKT'

Good News Surrounds The Quicken Loans IPO (Pending:RKT

Investors should hope that Rocket Companies becomes more profitable down the future, but it is highly profitable compared to most IPOs.

Low interest rates will attract home buyers and those wanting to refinance, and Rocket Companies has the size, history, and numbers to keep growing.

Rocket states that this particular increase is due to "generally favorable market conditions and the low interest rate environment which led to increased demand for mortgages and capacity constraints in the industry," which touches upon the above observation that conditions are favorable for the company.

Now Rocket Companies (NYSE:RKT), the parent company of Quicken Loans, seems set to follow that pattern with the largest non-SPAC IPO this year.

Rocket Companies is a company which stands to benefit from trends created by the coronavirus such as continued low interest rates and a greater emphasis on online business.

No One CARES or HEALS True American HEROES — Our Students. How to Save Yourself

People who have student loans but no taxable income would be relieved of the need to make loan payments at all.

As part of a proposed COVID relief package spearheaded by Senator Lamar Alexander (R-TN), the country’s student loan repayment system will receive a substantial overhaul.

The CARES Act extends student loan payment “relief” until September 30, 2020.

The Coronavirus Aid, Relief and Economic Security (CARES) Act gave student loan borrowers a temporary moratorium.

Credible is the next wave student loan platform that makes it easy to find and compare the most advantageous loan packages.

published finance (general) finance
Image of article 'Healthpeak Properties Remains Robust Despite COVID-19 Outbreak (NYSE:PEAK'

Healthpeak Properties Remains Robust Despite COVID-19 Outbreak (NYSE:PEAK

Two of the main features to be considered while contemplating investment in a REIT are its performance in the stock market and its dividend history.

The REIT also expects the impact of COVID-19 to last two to six months for its Medical Office and Life Science segments.

Steady performance of the Medical Office and Life Science segments allowed the REIT to post positive growth.

The REIT's strong position in Medical Office and Life Science helped its bottom line as these segments have survived better during the pandemic.

Healthpeak Properties, Inc. (NYSE:PEAK) is amongst the most prolific healthcare REIT stocks around.

Image of article 'The Nasdaq Now Dwarfs European Stock Market (NASDAQ:QQQ'

The Nasdaq Now Dwarfs European Stock Market (NASDAQ:QQQ

At the Nasdaq's forward P/E of around 38.5x, it is forecasted to produce $432 billion of earnings, or about 20% less than the Euro Stoxx despite having a combined market capitalization around 40% higher.

The Nasdaq did trail the Euro Stoxx 600 for 6 of 7 years from 2000 to the end of 2006 as the tech bubble deflated.

After all, the Euro Stoxx 600, represents roughly 90% of the combined market capitalization of not just the Eurozone, but stocks across the continent, including the United Kingdom, Switzerland, and the Scandinavian countries who had not recently adopted the single currency officially the year before.

While the tech-heavy Nasdaq had run higher, driven by investor mania for internet-related stocks, it was still worth less than the combined market capitalization of a pan-European stock index.

The total market capitalization of the Nasdaq today is more than 40% larger than this broad European gauge, a feat not reached during the 2000-era tech bubble.

Image of article 'Why Hilton and Other Hotels May Not Like This Joe Biden Tax Proposal'

Why Hilton and Other Hotels May Not Like This Joe Biden Tax Proposal

Despite the luxury patina to that exchange, Percelay — who uses the provision in his own real estate business — and real estate analysts argue this is a part of the tax code that benefits more than financially savvy real estate investors.

The hotel company — before it spun out its real estate holdings into Park Hotels Resorts — deferred its capital gains taxes and used the profits in acquiring three Waldorf Astoria-flagged hotels in Florida, a Hilton in Orlando, and the Parc 55 hotel in San Francisco.

The tax move is tied to transactions like Hilton’s nearly $2 billion 2014 sale of the Waldorf Astoria in Manhattan, where the company deferred taxes on profits by using the proceeds to buy five luxury hotels across Florida and California.

Presidential candidate Joe Biden wants to eliminate the 1031 exchange, a tax provision popular with hotel owners looking to trade up properties and defer or avoid capital gains taxes incurred along the way.

There is also the grim economic reality that 1031 exchanges only provide tax benefits if a property owner makes a profit on a sale.

published finance (general) finance
Image of article 'CRA CERB Extension Sets Maximum at $12,000: Now What'

CRA CERB Extension Sets Maximum at $12,000: Now What

A silver lining in the current pandemic crisis is that some of Canada’s top dividend stocks now trade at cheap prices and offer very attractive yields.

One way to build a reliable income stream that can be tapped during difficult times involves using the Tax-Free Savings Account (TFSA) to own top Canadian dividend stocks.

In addition, applicants making their first CERB claim cannot earn more than $1,000 in income for 14 or more consecutive days within the four-week CERB benefit period.

The Canada Revenue Agency (CRA) recently extended the Canada Emergency Response Benefit (CERB) from 16 weeks to 24 weeks for eligible applicants.

The Motley Fool Canada » Bank Stocks » CRA CERB Extension Sets Maximum at $12,000: Now What?

Image of article 'Fed’s Powell sees U.S. economy flattening as coronavirus cases rise'

Fed’s Powell sees U.S. economy flattening as coronavirus cases rise

Despite a rise in food prices, Powell argued the pandemic is pushing down prices and overall inflation is running well below the Fed’s 2% target.

Powell said these programs would continue until the Fed was confident the economy was “solidly on the road to recovery.”

The Fed “is committed to using our full range of tools to support the economy and help assure that the recovery from this difficult period will be as robust as possible,” Powell said.

Powell said that it is likely the economy will need more assistance from the Fed and from Congress.

The Fed is close to formally adopting a new policy to let inflation run hotter after a period when the rate of inflation remains below the 2% target.

published finance (general) business
Image of article 'Powell speech: Household spending looks to have recovered about half of earlier decline'

Powell speech: Household spending looks to have recovered about half of earlier decline

Following the Federal Open Market Committee's (FOMC) decision to keep the policy rate unchanged within the target range of 0-0.25%, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is delivering his comments on the policy outlook.

"Recovery in household spending also due to fiscal stimulusbut business fixed investment yet to improve."

About Jerome Powell (via Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term.

Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body.

Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term.

published finance (general) finance

Spotify now has nearly 300M monthly active users, 138M subscribers

In its latest Q2 results Spotify stated: Our business performed well in Q2 and continues to operate at a high level despite the continuing uncertainty surrounding the COVID-19 pandemic.

As mentioned, the results show Spotify now boasts 299 million monthly active users, a 29% increase on last year.

Reflecting on the pandemic, Spotify says that listening activity has now returned to pre-COVID levels everywhere except in Latin America, where listening is down around 6%.

Despite growing figures, Spotify's ad revenue fell by 21%, as COVID-19 continues to impact the sector.

Spotify says the "higher-than-expected" charges relate to strong gains in Spotify's stock price and came in 126 million euros higher than planned.

How Does Boeing's Debt Look Like

Boeing's Debt Based on Boeing’s financial statement as of April 29, 2020, long-term debt is at $33.75 billion and current debt is at $5.17 billion, amounting to $38.93 billion in total debt.

Adjusted for $15.04 billion in cash-equivalents, the company's net debt is at $23.89 billion.

To understand the degree of financial leverage a company has, shareholders look at the debt ratio.

Why Debt Is Important Debt is an important factor in the capital structure of a company, and can help it attain growth.

Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital.

published finance (general) finance

M&T Bank Announces Relationship with LPL Financial to Offer Its Retail Brokerage and Advisory Business

With the plan to align with LPL to support its retail brokerage and advisory business, MT Securities, Inc. will continue to exist as an institutional broker-dealer under MT Bank.

LPL will provide an enhanced advisor and client experience through their front-end systems, inclusive of upgraded financial planning tools, eDelivery and eSign capabilities for most account documents, and easy-to-access statements and performance reports.

"We are excited to welcome MT to LPL's network of institutional clients," said Rich Steinmeier, LPL Financial managing director and divisional president, Business Development.

BUFFALO, N.Y., July 29, 2020 /PRNewswire/ -- MT Bank Corporation (NYSE:MTB) announced today that it has chosen LPL Financial (NASDAQ:LPLA), a leading retail investment advisory firm, independent broker-dealer, and registered investment advisor (RIA) custodian, to support the bank's retail brokerage and advisory business.

Securities and Advisory services offered through LPL Financial, a registered investment advisor.

published finance (general) finance
Image of article 'GOP Sen. Ron Johnson is first target of new Democratic congressional 'integrity' group'

GOP Sen. Ron Johnson is first target of new Democratic congressional 'integrity' group

Baumgart of the Committee for Responsive Politics suggested that Johnson's sale of his stake in Pacur merits further scrutiny.

"For too long, members of Congress like Ron Johnson have put their own personal interests before the needs of the American public, covering for Trump's corruption and ignoring their oversight responsibilities," Herrig said.

Alex Baumgart, a researcher for the Committee for Responsive Politics, said Johnson's decision to retain a stake in Pacur while lobbying for tax changes that would significantly benefit his family's fortune is the kind of situation ethics experts examine for potential conflicts of interest.

The first report by the Congressional Integrity Project, which was shared with NBC News, outlines how Johnson, the powerful chairman of the Homeland Security and Governmental Affairs Committee, broke a campaign pledge to create a blind trust for Pacur LLC, the plastics company he once owned and in which he held a financial stake until earlier this year.

WASHINGTON — Ron Johnson, R-Wis., who heads the Senate's chief oversight committee and is one of the wealthiest members of the Senate, has likely seen his personal fortune double as he has advocated for policies that have benefited him financially while he has been in office, a new Democratic-backed nonprofit group alleges.