Cash websites – Condenetint http://condenetint.com/ Mon, 27 Jun 2022 18:25:12 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://condenetint.com/wp-content/uploads/2021/06/cropped-icon-32x32.png Cash websites – Condenetint http://condenetint.com/ 32 32 Research: Rating Action: Moody’s Confirms Magellan’s Baa1 Ratings https://condenetint.com/research-rating-action-moodys-confirms-magellans-baa1-ratings/ Mon, 27 Jun 2022 18:25:12 +0000 https://condenetint.com/research-rating-action-moodys-confirms-magellans-baa1-ratings/

New York, June 27, 2022 — Moody’s Investors Service (“Moody’s”) has affirmed the ratings of Magellan Midstream Partners, LP (Magellan), including its Baa1 senior unsecured rating and its Prime- 2. Magellan’s outlook remains stable.

“Baa1’s affirmation reflects Magellan’s seasoned management team, strong earnings performance, and lower business risks,” commented Elena Nadtotchi, senior vice president of Moody’s. “Magellan has a high-revenue, royalty-based business with considerable diversification through its crude and refined product transportation and storage operations.

Statement:

..Issuer: Magellan Midstream Partners, LP

….P-2 Confirmed Senior Unsecured Commercial Paper

….Senior Regular Unsecured Bond/Debenture, Confirmed Baa1

Outlook Actions:

..Issuer: Magellan Midstream Partners, LP

….Outlook remains stable

RATINGS RATIONALE

Magellan’s senior unsecured Baa1 rating reflects its strong credit profile, underpinned by lower business risk than most of its midstream peers, with stable fee-based businesses representing a large majority of the company’s cash flow . Magellan enjoys a strong competitive position, supported by its system’s access to nearly 50% of U.S. refining capacity, as well as its independent service provider model, making it a preferred partner for many chargers. As an MLP, Magellan maintains relatively high distributions, balanced by its commitment to prudent management and financial policies.

The company aims for a payout coverage greater than or equal to 1.2x and leverage (debt/EBITDA) less than 4x. Magellan sold assets and used operating cash flow to fund unit buybacks under its $1.5 billion unit buyback program, while maintaining steadily increasing distributions. It is important for the Baa1 rating that the company rebuilds adequate financial headroom within its leverage objective of 4x debt/EBITDA in the short term.

Magellan’s credit profile is limited by the financial demands imposed by the MLP business model and by its mature legacy asset base. In particular, the company’s refined products business is exposed to a long-term secular decline in US gasoline. While the company’s crude oil-focused growth strategy over the past few years has increased Magellan’s scale and diversification, it has also introduced some volumetric risk.

Magellan’s Prime-2 short-term rating reflects the company’s excellent liquidity, with a fully collateralized commercial paper program, a stable cash flow profile, modest maintenance capital requirements and an asset buyback program. authorized units of $1.5 billion through 2024. However, the MLP structure reduces financial flexibility, forcing the company to disburse most of its available cash. Magellan’s $1 billion commercial paper program is fully secured by a $1 billion committed revolving credit facility, which is available same day up to the full size of the facility. The Revolver expires in May 2024 and had no mintages as of March 31, 2022. We expect the company to have sufficient cushion under its 5x maximum leverage commitment through 2023.

Magellan’s credit facility is used primarily for its modest cash margin requirements associated with its butane blending operations. Magellan has previously used the issuance of commercial paper to partially fund its growth capital needs. The company had $336 million of commercial paper outstanding as of March 31, 2022. The company’s other upcoming debt maturities are $250 million in March 2025 and $650 million in March 2026.

The stable outlook reflects Moody’s expectation that Magellan will continue to maintain a low business risk profile and adequate financial flexibility, while maintaining leverage comfortably below management’s target of 4x debt/EBITDA .

FACTORS THAT MAY LEAD TO IMPROVEMENT OR DEGRADATION OF RATINGS

A rating upgrade is not likely due to the financial constraints imposed by the MLP business model and, to a lesser extent, its smaller asset base compared to its peers. An upgrade could be supported if the company significantly increases its size with assets with a similar business risk profile while consistently maintaining its financial leverage below 3x.

A downgrade in ratings could be considered if the company’s business risk profile weakens or financial risk increases, including when funding shareholder distributions or unit buybacks with debt, or leverage greater than 4x debt/EBITDA.

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Magellan Midstream Partners, LP is a publicly traded master limited partnership (MLP) that owns a refined petroleum products pipeline system in the Midcontinent Americas, crude oil pipelines and storage facilities in Texas and Oklahoma, as well as marine terminals for refined products and crude oil. in the United States Gulf and East Coasts.

The main methodology used in these ratings is Midstream Energy published in February 2022 and available on https://ratings.moodys.com/api/rmc-documents/379531. Otherwise, please see the Scoring Methodologies page on https://ratings.moodys.com for a copy of this methodology.

REGULATORY INFORMATION

For details on key rating assumptions and Moody’s sensitivity analysis, see the Methodological Assumptions and Sensitivity to Assumptions sections in the Disclosure Form. Moody’s rating symbols and definitions can be found at https://ratings.moodys.com/rating-definitions.

For ratings issued on a program, series, category/class of debt or security, this announcement provides certain regulatory information regarding each rating of a subsequently issued bond or note of the same series, category/class of debt, security or under a program for which ratings are derived exclusively from existing ratings in accordance with Moody’s rating practices. For ratings issued on a media provider, this announcement provides certain regulatory information relating to the credit rating action on the media provider and each particular credit rating action for securities whose credit ratings are derived from the support provider’s credit rating. For the provisional ratings, this press release provides certain regulatory information relating to the provisional rating assigned, and to a final rating that may be assigned after the final issuance of the debt, in each case where the structure and conditions of the transaction n have not changed prior to the final rating being assigned in a way that would have affected the rating. For more information, please see the issuer/transaction page of the respective issuer at https://ratings.moodys.com.

For all relevant securities or rated entities receiving direct credit support from the lead entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action , the associated regulatory information will be that of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to the jurisdiction: Ancillary services, Disclosures to the rated entity, Disclosures to be provided by the rated entity.

The ratings have been communicated to the rated entity or its designated agent(s) and issued without modification resulting from such communication.

These notes are solicited. Please refer to Moody’s Policy for the Designation and Assignment of Unsolicited Credit Ratings available on its website. https://ratings.moodys.com.

The regulatory information contained in this press release applies to the credit rating and, if applicable, the outlook or rating revision relating thereto.

Moody’s general principles for assessing environmental, social and governance (ESG) risks in our credit analysis are available at https://ratings.moodys.com/documents/PBC_1288235.

The worldwide credit rating on this credit rating announcement was issued by one of Moody’s affiliates outside the EU and is approved by Moody’s Deutschland GmbH, An der Welle 5, Frankfurt am Main. -le-Main 60322, Germany, in accordance with Article 4(3) of Regulation (EC) No 1060/2009 on credit rating agencies. Further information on the EU approval status and the Moody’s office that issued the credit rating can be found at https://ratings.moodys.com.

The worldwide credit rating on this credit rating announcement has been issued by one of Moody’s affiliates outside the UK and is approved by Moody’s Investors Service Limited, One Canada Square, Canary Wharf, London E14 5FA under the law applicable to credit rating agencies in the United Kingdom. . Further information on the UK endorsement status and the Moody’s office that issued the credit rating can be found at https://ratings.moodys.com.

Please see https://ratings.moodys.com for any updates on changes to the lead rating analyst and Moody’s legal entity that issued the rating.

Please see the issuer/transaction page at https://ratings.moodys.com for additional regulatory information for each credit rating.

Elena Nadtochi
Senior Vice President
Corporate Finance Group
Moody’s Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
UNITED STATES
JOURNALISTS: 1 212 553 0376
Customer service: 1 212 553 1653

Steven Wood
MD – Corporate Finance
Corporate Finance Group
JOURNALISTS: 1 212 553 0376
Customer service: 1 212 553 1653

Release Office:
Moody’s Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
UNITED STATES
JOURNALISTS: 1 212 553 0376
Customer service: 1 212 553 1653

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Mega Millions Results for 06/24/22; Has anyone won the $312 million jackpot? https://condenetint.com/mega-millions-results-for-06-24-22-has-anyone-won-the-312-million-jackpot/ Sat, 25 Jun 2022 14:58:00 +0000 https://condenetint.com/mega-millions-results-for-06-24-22-has-anyone-won-the-312-million-jackpot/

LANSING, MI – There was no winner of the $312 million Mega Millions jackpot for the Friday, June 24 draw.

This means the Tuesday, June 28 draw will be worth $328 million with a cash option of $186.3 million.

Mega Millions numbers for June 24: 1-7-11-25-56

The mega golden ball: 14

The Megafolder: 2

June 24 Mega Millions Winners:

· Although there was no grand prize winner, a player matched all five white balls to win $1 million in the draw. This ticket was sold in Florida.

· However, this player did not play the Megaplier option, which would have increased his winnings to $2 million.

· In Michigan, nine tickets sold won $1,000 in the draw. It was the biggest prize won in the state.

· There were 336,169 tickets sold that won at least $4 in the draw. In Michigan, 14,400 tickets sold earned at least $4.

Mega Millions draws take place Tuesday and Friday at 11 p.m. Five balls are drawn from a set of balls numbered from 1 to 70; the Mega Ball is drawn from a set of balls numbered 1 to 25. The odds of winning the jackpot are 1 in 302 million.

Mega Millions is played in 44 states, plus the District of Columbia and the Virgin Islands. Tickets are $2 each.

In other Michigan Lottery news:

· The next Powerball draw will take place on Saturday June 25 with an estimated jackpot of $335 million and a cash option of $188 million.

· The next Lotto 47 draw will take place on Saturday, June 25 at 7:29 p.m. with a jackpot of $1.05 million. The deadline is 7:08 p.m. that day.

Saturday’s Fantasy 5 jackpot is worth approximately $143,000. The draw is at 7:29 p.m. The deadline is 7:08 p.m.

For the latest Michigan Lottery news, check out the official Michigan Lottery website, which also offers more information on instant tickets, raffles, and other lottery games.

The latest Michigan player to win a Mega Millions or Powerball jackpot is the Wolverine FLL lottery club who won a $1.05 billion jackpot in March 2021. With their winnings, the group plans to give back to the community.

And while they were lucky winners, it’s a good idea for players to check their tickets immediately because a $1 million winner sold to Warren last year went unclaimed. The money instead went to the State School Aid Fund.

If you want to be the next Michigan player to win a huge lottery prize, take a look at these tips from lottery expert Richard Lustig. The author of “Learn to Increase Your Chances of Winning the Lottery” won over $1 million in Florida by winning the top jackpots in smaller games.

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Investors are buying fewer homes in Tampa. Here’s what that means for homebuyers https://condenetint.com/investors-are-buying-fewer-homes-in-tampa-heres-what-that-means-for-homebuyers/ Fri, 24 Jun 2022 09:00:00 +0000 https://condenetint.com/investors-are-buying-fewer-homes-in-tampa-heres-what-that-means-for-homebuyers/

Investor home purchases in the greater Tampa Bay area are down 13% since last summer, according to new data published by the real estate brokerage Redfin.

Taylor Marr, deputy chief economist at Redfin, said that could be an indicator that the housing market is stabilizing.

“So the whole housing market is cooling. It’s reacting, sort of rolling back the high levels of demand that we’ve had throughout the pandemic,” Marr said.

Tampa is among the top 10 U.S. cities by market share that saw lower investor buying in the first quarter.

Records of home sales and purchases in 40 counties across the country were part of Redfin’s data analysis. Investors were defined as buyers with the keywords “LLC,” “Inc.”, “Trust,” “Corp” or “Homes” in its name, according to the report.

In Tampa, investors bought 4,214 homes between January and March. That’s down from a record 5,065 homes last summer, but still above pre-pandemic levels.

Even so, investors were able to maintain a 25% market share, or the proportion of total value in a certain market. This means that even while buying fewer homes, investors have maintained the same value in Tampa’s housing market.

Marr said the decline in investor buying in the housing market can be explained by rising mortgage interest rates, the impact on demand and rising borrowing costs.

“As a result, buyers are just being shut out of the market and we’re seeing a decline in demand,” he said. “And investors are not immune.”

Marr said it could be good news for individual buyers if there is less competition among investors in Tampa’s housing market.

“They behave differently than your typical mother-pop owner,” he said.

The dominance of investors can add upward pressure to the housing and rental markets: driving up housing prices, the cost of rent and the rate of evictions. It is also common for first-time home buyers to be outbid cash offers in an investor-intensive market.

Lei Wedge, an associate professor at USF’s Muma College of Business, said 25% of all homes sold in Tampa were paid for in cash last year. She said that’s a big jump from another peak year in the housing market, in 2006, when 8% of Tampa homes were purchased with cash.

Less competition from investors can be good news for homebuyers. But Wedge said there are other factors that make it difficult to be a buyer in Tampa’s housing market.

“Yes, you have fewer investors. You have fewer people buying. But the problem is… it’s going to cost a lot more on your mortgage,” she said.

Wedge explained that it will be easier for individual buyers to find a home. But it may be more difficult for them to afford it.

This is especially true given the influx of people into the greater Tampa Bay area who are willing to pay higher rent and mortgages. Wedge predicts that the market will eventually meet the needs of this population.

“I think what’s going to happen is the city will eventually kick low-income people out of town,” she said.

Gabrielle Paul

/

WUSF Public Media

On Chelsea Street in East Tampa, Antoinette Hayes-Triplett and real estate agent Melisha Patel stand outside a home that is scheduled to close with the Tampa Hillsborough Housing Initiative by the end of the month.

CEO Antoinette Hayes-Triplett said that’s why the Tampa Hillsborough Housing Initiative strives to create innovative housing solutions for the community.

As part of its strategic plan, funded to the tune of $4.7 million by Hillsborough County, THHI launched a shared housing initiative.

“The market has changed the way we have to do business,” Hayes-Triplett said. “And we’re trying to be as flexible as possible and as creative as possible to make sure people have accommodations.”

The shared housing initiative plans to provide 50 three- and four-bedroom units in the Tampa community at subsidized rent for people exiting homelessness.

Last year, THHI purchased and remodeled two homes. Next week, he plans to close two more homes on Chelsea Street in East Tampa. It comes after point data released earlier this month show a 4% increase in homelessness in Hillsborough County.

Hayes-Triplett said the initiative would like to step up its efforts, but the biggest hurdle is closing deals amid inflated property prices and competition from investors in the marketplace.

“Right now we need 60 days to close. At that point, we lost out to investors who pay: cash, invisible site, no rating, no inspections,” she said. “That’s the market we’re dealing with.”

Gabriella Paul covers the stories of people living paycheck to paycheck in the greater Tampa Bay area for WUSF. She is also a member of the Report for America body. Here’s how you can share your story with her.

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Research: Rating Action: Moody’s Changes Justrite Safety Group’s Outlook from Negative to Stable; says Caa1 CFR https://condenetint.com/research-rating-action-moodys-changes-justrite-safety-groups-outlook-from-negative-to-stable-says-caa1-cfr/ Tue, 21 Jun 2022 20:21:57 +0000 https://condenetint.com/research-rating-action-moodys-changes-justrite-safety-groups-outlook-from-negative-to-stable-says-caa1-cfr/
No related data.

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Saltalk turns up the heat in its virtual kitchen after another $8 million cash injection – TechCrunch https://condenetint.com/saltalk-turns-up-the-heat-in-its-virtual-kitchen-after-another-8-million-cash-injection-techcrunch/ Mon, 20 Jun 2022 13:30:54 +0000 https://condenetint.com/saltalk-turns-up-the-heat-in-its-virtual-kitchen-after-another-8-million-cash-injection-techcrunch/

Saltalk, a virtual cooking and e-commerce platform, closed an $8 million Series A funding to continue to grow its authentic cuisine, prepared by both restaurant chefs and home cooks, as well as food supply resources and logistics.

Founder and CEO Fred Ming, previously a software architect, came up with the idea for Saltalk a few years after leaving China. He and his wife went to dinner at a restaurant that served a meal reminiscent of Ming’s wife’s house.

“My wife told me that the meal made her homesick, which inspired me to fix it by creating a platform for chefs from everywhere to come and cook for those who are not not at home,” he told TechCrunch.

From that plan became Saltalk, which he launched in 2017. The company’s name is a mix of “salt,” an important spice for cooking, and “speak,” which he says “is essential to our lives”.

Four years later, the company’s 8,000 square foot virtual kitchen is producing orders on Saltalk’s website, which offers more than 200 dishes.

Virtual kitchens don’t have a dining room or associated costs, which usually means they generate higher profit margins. The industry is all the rage right now and goes by other names, like dark kitchen, cloud kitchen, or ghost kitchen, and involves having a space in a central location where chefs concoct their culinary creations and deliver.

The global virtual kitchen market was valued at just over $43 billion in 2019 and is expected to reach $71.4 billion by 2030, according to figures from Statista. This compares to a trillion dollar food industry.

As the food delivery industry has grown over the past 2 years, these types of cuisines have also gained attention as we eat more at home during the pandemic. This not only provided restaurants with a way to have online ordering capabilities without changing their own kitchens, but in some ways it also allowed them to experiment with cooking some of their menu items in small batches. more popular. Additionally, when restaurants laid off staff, it provided an outlet for chefs to supplement their income while creating their own menus.

Investors weren’t far behind, pumping some $545 million in venture capital funding into US-based virtual kitchens alone in 2020, according to Food On Demand. TechCrunch has been on board, and recently reported on The Food Lab in Egypt and Manila-based MadEats.

Saltalk’s virtual kitchen features daily specials from several of its restaurant brands. Picture credits: Saltalk

At Saltalk in the South Bay, 25 chefs are currently working in one kitchen. Here’s how it works: There are two routes – one is the cooking platform for chefs where they can start their own business for around $30,000. Saltalk charges a bundle of fees for space, licenses, and processing, and it takes a 25% commission.

Ming says that many chefs are able to break even after working with Saltalk for 3 months. The company gives them everything they need to build the business, including order management, inventory, and bulk buying capabilities.

“More people spend time on work and social life, and they don’t have time to cook,” Ming said. “At the same time, current catering is based on traditional restaurants, which often have high prices for food. We needed a new infrastructure to improve that, and Saltalk’s service is like Shopify, where our success is based on the success of the chef.

The other side is the e-commerce platform where the company acts as a one-stop-shop for many different types of cuisine, from Japanese to Indian to burgers and pizza. Customers can order up to 2 weeks in advance and delivery takes 15 minutes, Ming said.

“We have our own route plan system so that our drivers can make four stops at a time, which saves on logistics costs, which allows us not to charge delivery costs to customers”, he added.

About 100 businesses use the service, which enables group meal pre-ordering and on-time delivery through proprietary route-planning technology, Ming said. Customers pay no shipping or service charges, or tip.

Ming said the company’s technology underwent a strategic upgrade about 8 months ago, where it went from a simple business-to-business operation to adding consumers, and since then Saltalk has grown more than fivefold. .

The Series A funding, led by Foothill Ventures, comes at a time when the company is accelerating its growth. Including the new investment, the company has raised $10 million since 2017.

Saltalk is planning two new 15,000 square foot virtual kitchens in the East Bay and Peninsula to support additional brands. Ming expects 15 such kitchens to be spread across Silicon Valley by the end of 2024.

In addition to the new kitchens, Ming believes the business will grow by around $2 million per month over the next year, giving Saltalk the opportunity to double its workforce.

“In the next two or three years, we plan to expand throughout California,” Ming said.

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Financial Stress and Shopping Happiness: How to Fix It https://condenetint.com/financial-stress-and-shopping-happiness-how-to-fix-it/ Sat, 18 Jun 2022 13:37:19 +0000 https://condenetint.com/financial-stress-and-shopping-happiness-how-to-fix-it/

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners.

With interest rates continuing to rise, inflation at its highest level in 40 years, and student debt soaring, there are plenty of reasons to be nervous about your finances. But here’s some information that might make it easier to cut back on your spending: According to a recent study by Duke University’s Fuqua School of Business, people are actually less satisfied with the purchases they make when they’re feeling financial stress.

Why? “This sense of financial strain causes people to rethink their purchase and think about what else they could have done with that money, also known as the ‘opportunity cost’,” Gavan told the Journal. Fitzsimons, a marketing professor at Fuqua and co-author of the findings. of consumer research. Thus, “every time they think about this purchase, they will be less satisfied with what they ended up buying”.

And that was true that people buy things or experiences, regardless of cost, according to “Spending and Happiness” research by Fitzsimons and his team.

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Financial stress makes you less satisfied with what you buy

People in financial difficulty are “more likely to buy things for [try and] improve their happiness,” Rodrigo Dias, Fuqua’s PhD candidate and one of the co-authors of the research paper, told Fuqua, “but our research shows that exactly the opposite is happening.”

The disconnect is that, “as a society, we’ve fallen into this trap where we believe that material possessions are going to make us feel better,” Fitzsimons told Select. But the truth is, the excitement of buying new things fades as we get used to a purchase — “we don’t fully realize how quickly we adapt,” says Fitzsimons.

Fitzsimons adds that in the past 50 years, American consumers haven’t been any happier. In fact, the consumer misery rises regardless of income level. And with the results of Duke’s new research, he’s not sure that will change any time soon: “Everyone feels [financially] compelled,” he says. “I’m not sure it’s temporary.

How to maximize the emotional value of your purchases

Fortunately, according to Duke researchers, there’s a way to maximize the emotional value you get from buying something when you’re financially stressed: Plan the purchase.

Since opportunity cost is a reason for dampened “purchasing happiness” among financially stressed people, it helps when shoppers are “already thinking about possible alternatives for how they might have spent that money,” Fitzsimons said. .

A good way to plan is to shop around for the best deal. If you’re looking to buy a new TV, for example, start searching online at local retailer websites as well as other shopping sites like Amazon. If you have access to wholesale stores such as Costco, BJ’s, or Sam’s Club, consider shopping there for additional savings. Also worth mentioning is searching the Facebook Marketplace to find a used unit in your area.

Once you’ve figured out exactly where you’re going to buy an item, how you pay for it can also make a difference.

You can, for example, consider purchasing that new TV with a cash back credit card such as Chase Freedom Unlimited® to reap further rewards and use additional benefits, including extended warranty and product protection. purchases.

Hunt Unlimited Freedom®

  • Awards

    Enjoy 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and restaurant meals, including eligible takeout and delivery services, and 1.5% on all other purchases

  • welcome bonus

    Earn an extra 1.5% on everything you buy (up to $20,000 spent in the first year) – worth up to $300 in cash back. That’s 6.5% on travel purchased through Chase Ultimate Rewards®, 4.5% on restaurants and drugstores, and 3% on all other purchases.

  • Annual subscription

  • Introduction AVR

    0% for the first 15 months from account opening on purchases and balance transfers

  • Regular APR

    15.74% to 24.49% variable

  • Balance Transfer Fee

    Introductory fee of $5 or 3% of each transfer amount, whichever is greater, on transfers made within 60 days of account opening. After that, either $5 or 5% of each transfer amount, whichever is greater.

  • Foreign transaction fees

  • Credit needed

Rakuten

Information about Rakuten was independently collected by Select and was not reviewed or provided by the company prior to publication.

  • Cost

  • How to save

    Get cash back on qualifying purchases, automatic coupons and price comparisons.

  • How to use it

    Buy from Rakuten.com, the Rakuten app or install the browser extension.

  • How to receive your savings

    Cash back is awarded every 3 months by check or PayPal payment.

Or maybe you just decide not to buy. Instead of buying a new iPhone as soon as it’s released, try diverting that money to your emergency fund or a tax-efficient Roth IRA retirement account instead.

At the end of the line

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

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Why is Rakuten on Warriors jerseys? Golden State Sponsored Cash Back Shopping Website https://condenetint.com/why-is-rakuten-on-warriors-jerseys-golden-state-sponsored-cash-back-shopping-website/ Mon, 13 Jun 2022 13:43:46 +0000 https://condenetint.com/why-is-rakuten-on-warriors-jerseys-golden-state-sponsored-cash-back-shopping-website/

It’s only a small piece of fabric, but the jersey’s advertising patches are clearly visible at all times during an NBA game.

The exact size of the advertising patches is 2.6876″ x 3.25″ and all but two teams participate in the NBA’s Jersey Patch Program. The Memphis Grizzlies and Washington Wizards saw their respective deals with FedEx and Geico expire in 2021 and are now seeking new deals with potentially other sponsors.

Having a sponsor patch on a team’s jersey generates a huge amount of revenue for a franchise. Like the Golden State Warriors, who reportedly earn nearly $20 million a year from their deal with cashback site Rakuten.

MORE: 2022 NBA Finals Uniform Schedule for Warriors & Celtics

Rakuten’s logo has been on Golden State jerseys since the league approved jersey advertising patches in 2017. So that means the Warriors raked in nearly $100 million just for having the website logo in the game. right corner of their shirt.

With the Warriors in the 2022 NBA Finals and being a marquee team for some time now, surely Rakuten is getting peak exposure and maybe $100 million is well spent on them.

Here is a brief description of Rakuten’s partnership with the Warriors.

What is Rakuten?

Simply put, Rakuten is a cash back website. But here’s a more detailed breakdown from Rakuten:

Rakuten is where you can get cashback for shopping at over 3,500 stores. Becoming a member is free! Stores pay Rakuten a commission to send you their way, and Rakuten shares the commission with you in the form of cash back. Get paid every three months and earn bonus cash when you sign up and shop. Founded in 1998, Rakuten has paid out over $1 billion in cashback to its members. Start getting yours!

Why is Rakuten on the Warriors jersey?

The Rakuten logo is on the Warriors jersey because the company paid for it.

How much does Rakuten pay to be on the Warriors jersey?

As noted above, the cashback website reportedly pays $20 million a year to have its logo on Golden State jerseys.

According to a report by Jabari Young, Rakuten will pay more than $40 million a year to have his crest on Warriors jerseys, starting in the 2022-23 season.

When was Rakuten added to the Warriors jersey?

The Rakuten logo was added to Golden State jerseys in 2017. The NBA allowed teams to add advertising patches to their jerseys in 2017 and the Warriors were one of the first to sign Rakuten as a corporate sponsor .

Rakuten originally signed a deal with the Warriors which expired in 2022. But they extended that deal in May 2022.

Did the Warriors and Rakuten make an inspirational video about their partnership?

You bet they did.

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Matching your money with your values ​​on social issues https://condenetint.com/matching-your-money-with-your-values-on-social-issues/ Fri, 10 Jun 2022 20:53:00 +0000 https://condenetint.com/matching-your-money-with-your-values-on-social-issues/ Shannon Foreman spoke with KARE 11’s Karla Hult about how people can review their investments to make sure they align with their values.

MINNEAPOLIS — At a time when social issues command our attention, a local financial adviser urges everyone to make sure their money — or more specifically, their investments — align with their positions on the issues of the day.

Shannon Foreman spoke with KARE 11’s Karla Hult about how people can review their investments to make sure they align with their values.

“401(k)s and community and family foundations and trusts are some of the largest assets around the world. So we need to be able to start those conversations to be able to create those changes. If we don’t understand where our money is going, then we don’t understand that we continue to fund some of these issues that we might object to,” Foreman said.

Among the resources – or tools – recommended by Foreman to help you track your investments:

As You Sow (non-profit resource): A site that gives you the ability to see exactly where (and in what businesses) your money can be invested.

Foreman has also dedicated several podcast episodes to the topic of sustainable investing. And for more about his company – and these podcasts – go to: Forethought Planning – Thrive For[e}ward Blog & Podcast. (Episodes 62 to 65, October 2021, as well as Episodes 8, 16, and 90 all feature pieces on sustainable investing).

https://www.youtube.com/watch?v=videoseries

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MP denies voting to keep Johnson in exchange for Isle of Wight ‘money bag’ | Conservatives https://condenetint.com/mp-denies-voting-to-keep-johnson-in-exchange-for-isle-of-wight-money-bag-conservatives/ Wed, 08 Jun 2022 21:14:00 +0000 https://condenetint.com/mp-denies-voting-to-keep-johnson-in-exchange-for-isle-of-wight-money-bag-conservatives/

A Tory MP has angrily denied voting to keep Boris Johnson as leader of his party in exchange for a ‘bag of money’ for his constituency after he was accused of ‘corruption’ in the Commons.

Bob Seely, MP for the Isle of Wight, wrote on his website that he only backed the Prime Minister in his vote of confidence ‘after discussion with senior ministers’.

Seely told voters ministers assured him they would “review” funding for the island hours before Monday’s vote.

In furious exchanges in the Commons on Wednesday, shadow leveling secretary Lisa Nandy said the behind-the-scenes talk “sounds awfully like corruption to me”.

Nandy was asked to withdraw Commons Deputy Speaker Eleanor Laing’s allegation after Seely said it was “completely false”.

The row follows reports that some Tory MPs have been offered government jobs in return for backing Johnson in the confidence vote.

Nandy was addressing a second reading of the Government’s Leveling and Regeneration Bill when she asked Michael Gove, the Secretary of State, if he was aware of Seely’s statement.

She said, “Can I ask the secretary of state: was he aware of this? Did he sign it? Because that sounds terribly like corruption to me.

Seely immediately demanded that Nandy withdraw the “completely false” allegation and said: “She completely misunderstands and she is completely wrong.”

The Isle of Wight MP said Johnson promised years ago to correct a “policy flaw” and give his constituency more funding. Seely said he reminded Johnson of that promise ahead of Monday’s vote.

He told MPs: “I said to the Prime Minister are you going to commit to righting this wrong, which is a political flaw, and he said yes – and I reminded him of that promise beforehand.

“So did I ask for a bag of money? No, and it’s completely wrong of her to say that, so she can stand up now and apologize.

Seely then shouted “stand down” across the House of Commons as Nandy stood up.

Nandy said she was quoting Seely’s statement on her own website – as Seely said “false” in the background.

Raising a point of order, in which MPs draw attention to a breach of the rules by another member, he added: “This is a very serious allegation. Corruption has been alleged and there is no basis for it and it should be removed.

Laing said she was unable to judge whether Nandy was misrepresenting Seely’s statement and therefore asked the Labor MP to withdraw the “very serious” allegation.

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Nandy agreed to take down the ‘corruption’ remark, but said it ‘sounded terribly dodgy’.

Seely later called the allegation “stupid” and said: “For the record, I make no apologies for persuading the government to treat the Isle of Wight like all the other islands in the UK.

“The island is the most underrepresented place in this country – I have twice as many voters. We are separated by sea from the mainland and I have to fight three times harder for a government to ‘listen.

Asked about Seely’s comments earlier, the prime minister’s spokesman said money for local areas was decided through a process led by officials.

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Powerball results of 04/06/22; jackpot worth $189 million https://condenetint.com/powerball-results-of-04-06-22-jackpot-worth-189-million/ Sun, 05 Jun 2022 13:26:00 +0000 https://condenetint.com/powerball-results-of-04-06-22-jackpot-worth-189-million/

LANSING, MI – It was a slow night for Powerball players as there was no winner of the $189 million jackpot and no one took home a $1 million prize either for the draw on Saturday June 4 .

This means the Monday, June 6 draw will be worth $198 million with a cash option of $114.4 million.

June 4 Powerball (white) numbers: 14-16-36-52-60

The red Powerball power number: 16

The Power Play number: 3

Double game numbers: 11-39-41-55-61

Double Play Powerball Number: ten

June 4 Powerball winners:

· In addition to no grand prize winner, no one matched all five white numbers drawn to win $1 million.

· In Michigan, seven tickets sold won $300 in the draw. It was the biggest prize won in the state.

· There were 561,071 tickets sold that won at least $4 in the draw. In Michigan, 18,660 tickets sold won at least $4 in the draw.

Powerball is offered in 44 states, Washington DC, Puerto Rico and the Virgin Islands. Players select five white numbers from (1 to 69) and a red ball (from 1 to 26). Tickets are $2 each.

In other Michigan Lottery news:

· The next Mega Millions draw will take place on Tuesday, June 7 with an estimated jackpot of $189 million and a cash option of $109.9 million.

· The next Lotto 47 draw will take place on Wednesday, June 8 at 7:29 p.m. with a jackpot of $1.4 million. The deadline is 7:08 p.m. that day.

· Sunday’s Fantasy 5 jackpot is worth approximately $138,000. The draw is at 7:29 p.m. The deadline is 7:08 p.m.

For the latest Michigan Lottery news, check out the official Michigan Lottery website, which also offers more information on instant tickets, raffles, and other lottery games.

The latest Michigan player to win a Mega Millions or Powerball jackpot is the Wolverine FLL lottery club who won a $1.05 billion jackpot in March 2021. With their winnings, the group plans to give back to the community.

And while they were lucky winners, it’s a good idea for players to check their tickets immediately because a $1 million winner sold to Warren last year went unclaimed. The money instead went to the State School Aid Fund.

If you want to be the next Michigan player to win a huge lottery prize, take a look at these tips from lottery expert Richard Lustig. The author of “Learn to Increase Your Chances of Winning the Lottery” won over $1 million in Florida by winning the top jackpots in smaller games.

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