Global brand puts a spotlight on mechanics every March in appreciation for keeping the world moving LEXINGTON, Ky., Feb. 20, 2023 /PRNewswire/ — Valvoline’s global products business, a global automotive leader powering the future of mobility through innovative lubricant and fluid products, today kicked off its 4th annual Mechanics Month, a campaign to celebrate the impact of mechanics around the world. The month-long initiative will highlight the contribution of mechanics in more than 60 countries worldwide. The effort will celebrate the importance of mechanics as knowledgeable professionals who are critical to keeping engines running and people moving forward. Participating countries will show appreciation for industry professionals through social media, giveaways, paid advertising, and individual market-specific events to enhance consumer awareness. "Behind every vehicle on the road is a trusted mechanic," said Katie Reed Hurst, Senior Brand Manager, Global Brand Equity. "It’s their hard work, skill and relentlessness that keeps our world turning." Valvoline supports trusted mechanics around the world all year long through trainings, scholarship programs and business growth initiatives, but during the month of March, the brand looks for others to join in the celebration and support of mechanics. Participation in the campaign has grown from 15 countries […]

Click here to view original web page at www.prnewswire.com

The EU Foreign Subsidies Regulation ( FSR ) entered into force on 12 January 2023 and will start to apply from 12 July 2023. Any business wanting to do business in the EU after July could be affected and should prepare now to understand its impact, which could be significant. The FSR aims to protect the EU’s internal market from foreign subsidies which distort competition and create a level playing field. The European Commission ( EC ) is to be given extensive powers to intervene against such potential distortions in relation to any economic activity, and a new notification regime for certain M&A transactions and public tenders, which is independent from current EU/national merger control and foreign direct investment ( FDI ) notification requirements, is to be introduced. This will add significantly to the administrative burden faced by businesses, not only in relation to specific deals and tenders if notification is required, but also on an ongoing basis as maintaining data on subsidies/financial support received will be vital. With less than five months to prepare for the FSR (and slightly longer for the new ex ante notification obligation, which starts to apply from 12 October 2023), the key implications, […]

Click here to view original web page at www.dentons.com

By Rieva Lesonsky Black business owners want their businesses to contribute to a thriving Black community. getty Since 1976 every U.S. president has designated February Black History Month to honor the achievements of Black Americans. And while the growth of Black-owned businesses is undoubtedly one of the achievements to celebrate, Black business owners still face formidable challenges. Last fall, the U.S. Census Bureau released the 2021 Annual Business Survey (covering 2020), showing an estimated 140,918 Black-owned businesses with employees in the country, earning $141.1 billion in annual receipts and employing 1.3 million workers. Yet, according to Brookings , Blacks comprise 14.2% of the U.S. population, but only own 2.3% of all employer firms. Additionally, there are about 3 million Black-owned businesses without employees. So, in total, there are approximately 3.12 million Black-owned businesses, generating $206 billion in annual revenues and employing 3.56 million workers. Intuit QuickBooks recently released a new insights report containing some eye-opening stats about the “Black entrepreneurial experience in America.” It shows that “in addition to the pressures of running a business, Black business owners must navigate racism and biases that threaten their success.” Black business owners must deal with racism According to the report, 79% […]

Click here to view original web page at www.forbes.com

Running a profitable business is not an easy task, as evidenced by the high failure rate of new businesses. According to the Bureau of Labor Statistics, 18% of new businesses fail in the first year, while up to 65% fail by their 10th year. An important factor in building and maintaining a profitable business is using an accurate budget. A budget carries a lot of weight, so as an accountant, building one might seem daunting. This indispensable duty does not have to be intimidating, however, as long as you know where to start and if you approach it the right way. Identify revenue fotoscool – Fotolia In order to craft an accurate budget, a company’s revenue streams will need to be identified. Accountants should find all sources of revenue and calculate how much money the business can expect to generate. Revenue sources could include services provided, product sales, subscriptions and fees, as well as other avenues. Some revenue could be one-time income, such as asset sales. Other sources may be ongoing, including rent from property assets or monthly and annual fees paid by clients. Determine expected costs After calculating the revenue a company is expected to bring in, the […]

Click here to view original web page at www.accountingtoday.com

As a senior technologist and division director based in Macquarie’s Philadelphia office, David Kim has the enviable privilege of overlooking Independence Hall and the Liberty Bell as he goes about his day. As a key partner in delivering the future of Macquarie Asset Management, Kim’s remit goes significantly beyond simply providing technology infrastructure. His team works together to problem solve across a range of different roles which include workshopping, consulting, identifying efficiencies in processes and communications, boosting high-value impact, and simplifying processes and information exchanges. “One of our essential roles is to provide the information and tools needed to enable our business to create insights that support a better outcome,” Kim said. “We guide our stakeholders on how technology can create value, looking at digital transformation rather than electronification of existing or legacy ways of delivering on the demands of the day.” Breadth and depth of experience Kim’s career in financial services technology has spanned over 20 years, and both the sector and his role within it have changed dramatically over that time. “I graduated with a computer science degree from Columbia University and, by virtue of wanting to stay in New York, most of the jobs I interviewed […]

Click here to view original web page at technical.ly

Kroger wants former staff to return to their old jobs. Kroger is texting and emailing ex-workers to encourage their return amid a wider labor shortage. Associated Wholesale Grocers is messaging former workers on Facebook and LinkedIn to get them back. Manufacturer General Mills has a pilot program to bring retirees back to fill staffing gaps. Top editors give you the stories you want — delivered right to your inbox each weekday. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Food retailer Kroger is reaching out to former staff by text and email to encourage them to "boomerang" back to the company, The Wall Street Journal reported. The Cincinnati-based retailer is contacting ex-employees in a bid to bring its staffing levels back to its pre-pandemic headcount, per the newspaper. The supermarket chain is keeping in touch with staff who leave. Some are becoming "boomerangs" as little as six months after leaving either because new roles didn’t work out, […]

Click here to view original web page at www.businessinsider.com

Meta Verified will cost $11.99 on the web. Mark Zuckerberg announced a Instagram paid subscription called Meta Verified. Meta Verified will cost $11.99 for web users or $14.99 on iOS. It will launch next week in Australia and New Zealand and in more countries soon. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Mark Zuckerberg announced a new paid subscription service called Meta Verified that will give verified badges to paying users. The Meta chief said Instagram users could get a blue verification badge, extra protection from accounts impersonating them and increased visibility by paying a monthly fee. "Good morning! New product announcement: this week we’re starting to roll out Meta Verified – a subscription service that lets you verify your account with a government ID, get a blue badge, get extra impersonation protection against accounts claiming to be […]

Click here to view original web page at www.businessinsider.com

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page . As a transfer partner of all the major credit card currencies (except for Chase Ultimate Rewards ), Avianca LifeMiles are among the easiest points and miles to earn. The loyalty program also routinely offers lucrative sales when you purchase LifeMiles . Through Feb. 22, you can buy LifeMiles at just 1.25 cents apiece . We often recommend using LifeMiles for Star Alliance flights on airlines like United , Lufthansa and ANA ; however, one of the best sweet spots is on a non-alliance partner — Aeromexico . I recently purchased LifeMiles for an Aeromexico flight to South America. Here’s why using LifeMiles for Aeromexico flights makes this week’s edition of Sweet Spot Sunday. Why it’s special Business-class award seats can be difficult to find. KYLE OLSEN/THE POINTS GUY LifeMiles has a published award chart for travel on Aeromexico, but the real-time LifeMiles award rates don’t always reflect the price on the award chart. Business-class […]

Click here to view original web page at thepointsguy.com

Source: Shutterstock Today we will run through one way of estimating the intrinsic value of Datadog, Inc. ( NASDAQ:DDOG ) by taking the expected future cash flows and discounting them to today’s value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Models like these may appear beyond the comprehension of a lay person, but they’re fairly easy to follow. Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model . The Method We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company’s cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren’t available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with […]

Click here to view original web page at simplywall.st

Summary High interest rates, a low dividend yield, and a weak nominal GDP growth outlook suggests the SPX is ripe for shorting. USD libor is 2.9% higher than the dividend yield on the SPX, meaning that a short position is the most cash-flow positive it has been since November 2007. On modest GDP growth assumptions, the SPX dividend yield would have to rise to 6.7% for the equity risk premium to return to long-term averages, requiring a 70% price decline. Cracks are appearing in the bond market and look likely to spill over into the stock market, suggesting the bear market is resuming. CreativaImages Shorting stocks over the long-term is a fool’s errand as the cumulative effects of dividend payments and nominal GDP growth tend to result in heavy losses. However, there are times when shorting can be highly profitable, and I believe such a time is upon us, for three main reasons. Firstly, with overnight interest rates at 4.6%, the interest received from shorting the S&P 500 Futures ( SPX ) is above the 1.7% dividend yield that you have to pay out. Secondly, nominal GDP growth is poised to slow sharply as the economy enters recession, which […]

Click here to view original web page at seekingalpha.com