Lawmakers voice concerns over payment delays and cost overruns in new Coast Guard financial system
The Coast Guard’s transition to a new Department of Homeland Security financial management system is under the microscope of the Senate Appropriations Committee, where lawmakers are seeking more information about delayed payments and cost increases. The committee, in its report on its fiscal 2023 spending bill, is directing the DHS chief financial officer and chief information officer, along with the Coast Guard, to brief the committee on the delays once the annual bill of expenses becomes law. … READ MORE The Coast Guard’s transition to a new Department of Homeland Security financial management system is under the microscope of the…
Read More »Rollins Inc. appoints Kenneth Krause as CFO
ATLANTA, August 2, 2022 /PRNewswire/ — Rollins, Inc . (NYSE:ROLE) (“Rollins” or the “Company”), one of the world’s leading consumer and business services companies, today announced Kenneth Krause was appointed executive vice president, chief financial officer and treasurer and chief financial officer, effective September 1, 2022. “We are delighted to receive Ken Krause as our new CFO and we look forward to him making a great contribution to our leadership team,” he said Jerry Gahlhoff Jr., Rollins’ president and chief operating officer. “With more than two decades of experience leading the finance function for a large publicly traded global manufacturer,…
Read More »PayPal (PYPL) Q2 2022 Earnings
Dan Schulman, chairman and CEO of PayPal Holdings Inc., arrives at the morning session of Allen & Co.’s media and technology conference. in Sun Valley, Idaho, USA on Wednesday, July 10, 2019. The 36th annual event brings together many of America’s richest and most powerful people in media, technology and sports. Patrick T. Fallon | Bloomberg | Getty Images Shares of PayPal rose as much as 13% in extended trading on Tuesday after the financial services company issued stronger-than-expected second-quarter results. In its earnings materials, PayPal said it had entered into an information sharing agreement on value creation with Elliott…
Read More »Rental prices are increasing in these 5 meters. What you need to know before you move
Los Angeles Ron_Thomas | Getty Images As rising interest rates and rising property values keep more families from buying a home, rental demand has soared, with rental prices highest in the sunniest states. Single-family home rental prices rose in the first half of 2022, reaching a national average of $2,495 per month, a 13.4% increase compared to the same period in 2021, according to a new report from the national real estate brokerage HouseCanary. While cities in warmer climates like California and Florida dominated the list of highest median rental prices, Midwestern states like Ohio took the top spots for…
Read More »Eat Well Group releases Q2 2022 financial results, including record portfolio company revenue and profitability
VANCOUVER, British Columbia–(BUSINESS THREAD)–Eat Well Investment Group Inc., (the “Company” or “Eat Well Group”) (CN:EWG) (USA:EWGFF) (FRA:6BC0), a publicly traded investment company, is pleased to announce its second quarter 2022 financial results, including record revenue, gross profit and net earnings for its wholly owned portfolio company Belle Pulses Ltd. (“Belle Pulses”). Highlights from the Eat Well group (including subsequent events) A strategic investment closed by Nurture Healthy Food LLP, a wholly owned subsidiary of Nurture Capital LLC for gross proceeds of $5,017,999.50. It resumed its normal course issuer bid (“NCIB”) for up to 7,686,777 ordinary shares of the Company’s capital….
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Go to Knowledge: Student Loan Payoff Preparation, Costco Shakeups, and Top Financial News for August 2nd
seb_ra / iStock.com It’s National Ice Cream Sandwich Day, but before you indulge your sweet tooth, make sure you catch up on today’s biggest financial stories. The big plus: Federal student loan payments will resume soon Federal student loan borrowers have about a month to prepare for the resumption of payments after a more than two-year payment hiatus that began in the early days of the COVID-19 pandemic. Learn how to prepare Featured Business: Costco As with many companies, Costco is making changes due to inflation. Although CEO Craig Jelinek announced in July that Costco would keep its flagship $1.50…
Read More »Barclays says these stocks may still thrive as consumers cut spending due to inflation
As inflation hits consumer spending, several stocks will not only weather the storm, but are poised to rise, according to Barclays. The consumer-related names were chosen based on Barclays’ view that spending growth, once the key driver of economic expansion during Covid, is now fading to normal or worse. The firm also believes that high global inflation will take some time to ease and that food inflation, in particular, may be stickier than other inflation trends. In addition, tighter financial conditions may affect the housing sector more than expected, Barclays said. Home prices are still higher than a year ago,…
Read More »Financial markets may see a three-month streak of 8.8% inflation readings starting next week, adding to ‘bad news’
Financial market-savvy inflation traders expect a run of about 8.8% annualized in US consumer price readings over the next three months, from the August 10 release of the data of July While these readings would be below June’s reading of 9.1% and support the theory that inflation may have hit a near 41-year high, inflation derivatives traders’ expectations still add the which could be a lot of bad news for the market in general. . The reason comes down to the length of time high US inflation persists, which would upset investors, traders and policymakers’ hopes for a relatively faster…
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