We have previously covered beer conglomerate Anheuser-Busch InBev (BUD). We outlined the strong underlying operating metrics of the business, but a debt-laden balance sheet has hovered over the company’s head as a dark cloud. While the balance sheet is still a ways away from where it needs to be, managementRead More →
At first glance, 2019 was a rough year for anyone in favor of an economy and society guided from the bottom up by people with the freedom to exchange, cooperate and think as they choose. The highly visible left flank of the Democratic Party, fully embracing socialism in name andRead More →
Introduction With Friday’s report on November personal income and spending, we have the last major coincident indicator for conditions in 2019. So, where are we and why? Let’s take a look. 2018’s higher interest rates, downturn in housing, and oil patch echo-bust showed up in weak late 2019 growth (withRead More →
There’s a road map for rapid and comprehensive U.S. emissions reductions by states, cities and businesses that eliminates outright reliance on the federal government to keep the country in the global race to curb man-made climate effects, according to a new report, Accelerating America’s Pledge. However, action at the nationalRead More →
Updates to reflect that the World Bank has not funded a new coal-fired power plant since 2010. Elisabeth Buchwald Protesters gathered outside the World Bank on Friday, saying the organization’s investments have contributed to climate change. Climate change protesters took to the streets of Washington Friday morning, causing massive delaysRead More →
Spanish oil, gas and chemical company Repsol S.A. is aiming to cut emissions to net-zero by 2050 and said it would take a multibillion euro impairment charge against its oil and gas assets. The company REP, -2.05% REP, -0.35% said late Monday that its management analyzed the company’s role “inRead More →
Introduction Our goal is to present to you our IPO analysis for every new fixed-income security that enters the market and to find out if there is any trading potential. In this article, we want to shed light on the newest preferred stock issued by Northern Trust Corporation (NTRS). EvenRead More →
Pure Storage Inc. joined a group of hardware companies that have put a damper on hopes for a second-half rebound, blaming a tough pricing environment and slowing economy for its fiscal third-quarter earnings shortfall and weaker outlook for the fourth quarter. On Thursday, after the company’s disappointing results, shares ofRead More →
Tossing a pizza box into the recycling bin seems like a guilt-free chaser to America’s favorite dining shortcut. Yet a standard cardboard pizza box, with its greasy remnants, is large enough to contaminate other recyclables in the bin. Pizza boxes are one of the biggest recycling sins among many committedRead More →
Declines in revenue and EBITDA in the recent Q3 2019 financial report were further evidence that the current weakness in industrial demand is substantially affecting Huntsman (HUN) both in terms of volumes and sales prices. As the time for a potential recovery in demand remains uncertain, it is recommended toRead More →
On October 25, Eni (E), an Italian integrated energy company, presented its 3Q19 report. A gamut of start-ups bolstered the firm’s production, but commodity prices put pressure on the top line and margins, making it much tougher to show sizeable revenue and profit improvement. However, I rate the results asRead More →
As ExxonMobil heads to court this week for a New York lawsuit accusing it of misleading investors about climate change, a team of researchers at George Mason, Harvard and Bristol universities tracked evidence of a decades-long campaign of alleged deception at the oil giant that the scientists say has confusedRead More →
At the end of 2018 the stock market fell about 20%. Could it happen again this year? Let’s use a chart to explore the issue. Please click here for an annotated chart of S&P 500 ETF SPY, -0.33%. Note the following: • The chart shows when the stock market fellRead More →
Saying the words “Mortgage-Backed Security” still makes the common investor shiver, and for good reason. The commonly misunderstood Mortgage-Backed Security (MBS) is a frequently cited cause of the 2008 financial crisis. Now, as it seems the world is growing more wary of signs of a new approaching recession (inverted yieldRead More →
There has been a persistent but largely uneventful conversation about climate change over the last several years. But in 2019, we may finally be seeing the beginning of real action. Democrats in the U.S. House of Representatives introduced a “Green New Deal” last spring. While it was voted down, allRead More →
Greta Thunberg is facing attacks over her Asperger’s, but companies are keen to hire people on the autism spectrum. Thunberg, 16, delivered a withering speech on climate change before the United Nations General Assembly on Monday, shaming world leaders for failing to take action. “How dare you,” she said. “YouRead More →
‘In politics there are so many issues, sometimes boring. On tackling such a big-scale issue like climate change, it’s got to be fun, it’s got to be cool. It’s got to be sexy too.’ Shinjiro Koizumi With the United Nations kicking off a conference that will include attention on theRead More →
Delivery giant Amazon AMZN, +0.39% on Thursday set a goal to meet the Paris Climate Agreement objectives 10 years early, with a pledge to be carbon neutral by 2040 — including its Prime one-day shipping perk. Amazon will also work toward using 100% renewable energy by 2030. The ambitious planRead More →
‘I’m a conservative Republican and I believe climate change is real. It’s time for my fellow Republicans in Congress to stop treating this environmental threat as something abstract and political and recognize that it’s already affecting their constituents in their daily lives.’ So begins a Wednesday op-ed from Rep. FrancisRead More →
When we last covered New York Community Bancorp (NYCB) we were modestly positive on the regional bank in spite of headwinds from the yield curve. Our rationale was that the valuation compression alongside buybacks at a low price were sufficient to compensate for the problems on the compressed yield curve.Read More →
One might have noticed: At the moment environmentalism seems to be en vogue globally. That does not stop at the German border, naturally. On the contrary, Germany’s Green Party is reaching new heights in the polls while Fridays high school students vocally demand climate action. But there are also variousRead More →
Fires are burning in the Amazon. Again. New data from Brazil’s space research agency shows the devastation. The National Institute for Space Research (Inpe) said its satellite data showed an 84% increase in fire loss from the same period in 2018, well greater than what might typically be expected fromRead More →
Tough climate and energy targets have driven a record boom in sustainable bonds over the first half of this year as new industries tap the market for funds. The latest firm to seek finance for climate-friendly projects is the Dutch grocer behind America’s Food Lion, Giant Food, Hannaford, and StopRead More →
© Reuters. FILE PHOTO: Logo of Swiss bank UBS at the company’s headquarters in Zurich ZURICH (Reuters) – Investment banking conditions have improved over recent months but remains “very fragile,” UBS Chief Executive Sergio Ermotti said on Thursday, adding the Swiss lender’s own business was performing in line with theRead More →
Have Tyson’s chicken strips jumped the shard? Tyson Foods Inc. TSN, +2.40% the producer of processed meats, will recall nearly 12 million pounds of frozen, ready-to-eat chicken strip products due to metal contamination concerns, the U.S. Department of Agriculture said over the weekend. The recall was expanded from a recallRead More →
