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[ad_1] The Prime Volleyball League will be telecast on the Sony Pictures Network and is exclusively marketed by Baseline Ventures [ad_2] Source link

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[ad_1] Australia stocks higher at close of trade; S&P/ASX 200 up 0.23% [ad_2] Source link

[ad_1] National Conference vice president Omar Abdullah on Friday said anyone who believes the government repealed the farm laws out of the goodness of its heart was completely mistaken. [ad_2] Source link

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[ad_1] Alibaba slashes sales outlook as competition bites, demand slows [ad_2] Source link

[ad_1] PM Modi said that the NDA government worked to provide farmers with seeds at reasonable rates and facilities like micro-irrigation, 22 crore soil health cards. [ad_2] Source link

[ad_1] Mat Ishbia, president and CEO of United Wholesale Mortgage Mat Ishbia and his family will slightly reduce their ownership of United Wholesale Mortgage (UWM), a step to make the company more attractive to long-term investors – and, hopefully, to leave behind the “meme stock” label, according to analysts who follow the wholesale lender.  UWM Holdings Corporation announced on Tuesday that its controller shareholder SFS Holding Corp. – a holding firm controlled by Mat Ishbia and his father, Jeffrey Ishbia – is selling 50 million Class A common stocks on a secondary offering.  According to the company, no shares are being sold by UWM. Instead, SFS will receive all proceeds. J.P. Morgan and BofA Securities are acting as joint lead book-running managers.   The secondary offering has the potential to bring $297.5 million to the family (at $5.95 per share on Nov. 17). If underwriters purchase an additional 7.5 million shares available at the public offering price, the family can receive to $342.1 million. However, SFS’s ownership would decrease from 93.6% to 90.6% of Class A common stocks.    “It is hard to garner up a lot of institutional investor interest in this stock. Only because the CEO ends up owning a big chunk of the company,” said Kevin Heal, senior analyst and fixed income strategist at Argus Research.  Institutional investors usually look for companies with at least 20% public float, Heal said. “But the transaction will increase the public float and decrease the amount of ownership level that the CEO and affiliated family members have in the company.”  Still, according to SEC documents, SFS has around 79% of the combined voting power. In addition, as long as SFS owns at least 10% of the outstanding common stocks, it will have the final word on actions requiring stockholder approval, such as removal of directors and board size.  Heal said that the secondary offering is a sign that UWM does not want to be a “meme stock,” a phrase used for stocks that had gone viral online by attracting retail investors. If cheap and with a small public float, these stocks can be more volatile.   UWM declined to comment, citing Securities and Exchange Commission rules. According to one analyst from a big bank, who preferred not to be identified, the impact of the secondary offer will be a reduction in the stock price in the short term. On Wednesday, UWM closed at $5.95 a share, a 9.98% decline from Tuesday. But, according to the same analyst, in the long term, the company may attract more institutional investors, bringing more stability and pushing prices up.   The transaction also puts the company closer to the S&P 500 index, which requires a 10% public float level, among other rules, such as having a market capitalization of at least $11.8 billion and four consecutive quarters of positive earnings. From January to September, UWM, the nation’s largest wholesale lender, originated $171.3 billion in residential mortgage loans, an increase of 34% year-over-year. During the first three quarters of 2021, UWM reported $1.33 billion in net income, down 34% compared to the same period of 2020, arguably the industry’s biggest boom period.  On Monday, UWM announced plans to borrow $500 million through notes that come due in 2027, at a 5.75% interest rate. The proceeds will “be used for general corporate purposes and to fund future growth,” UWM said. Analysts said the company has a “comfortable” debt situation.   According to analysts, overall mortgage activity is expected to cool down in the coming years as interest rates rise, putting pressure on profit margins and challenging mortgage executives to overcome the cyclical nature of the industry. Ishbia has been outspoken in his belief that UWM’s position as the top wholesale lender gives it an edge in purchase business compared to its competitors. He’s also noted that UWM can generate profits in difficult market conditions when others cannot because UWM’s cost to originate a loan is lower. But, like many of its chief rivals, UWM’s stock has sagged. And, like its rivals, it’s engaging in stock buyback programs. UWM announced a $300 million buyback in May. And on Tuesday, the company said it will buy $100 million in stocks owned by Ishbia-helmed SFS Holding Corp., at the same price as the secondary offer, paid with existing cash. In the third quarter earnings call with analysts, Tim Forrester, UWM’s chief financial officer, said the company will continue to evaluate opportunities for buying back more stocks in future quarters. “Those efforts will continue to be balanced with our desire to maintain or even establish more float for investors and maintain our profile and availability for future long-term investors.” He mentioned the company had acquired approximately 2.7 million shares through a stock buyback program for roughly $21 million to date.   UWM went public in February after merging with a special purpose acquisition company (SPAC) called Gores Holdings IV. The company at the time had a valuation of $16.1 billion. On Thursday, the company’s market cap was down to $9.2 billion. The post Is UWM’s plan to shed the “meme stock” label? appeared first on HousingWire. [ad_2] Source link

[ad_1] Looking ways to save money as a family? This is a really great tip! {You might also enjoy these Cheap & Easy Family Dinner Ideas, Cheap Meals for Large Groups, Easy Meals for 20+ People, and Recipes for a Crowd of People.} The following is a guest post by Danielle Miller from BorrowedBites.com: On any given Sunday, if you were to get a peek inside the front door of my home, the first thing you would see are the shoes of twenty or so family members strewn about. Then you would hear the voices of a crowd gathered at the dining room table, laughing and talking in overlapping conversations. The kitchen would be filled with smells as my daughter and I pile up serving dishes with our favorite recipes, while people in the family room spar back and forth about whose fantasy football team is best.  Once the food is ready to be served, a loud voice would yell out, “Time to pray!” We gather around to thank God for his provision and the opportunity to be together. Then it’s every man for himself. Grab your plate, dish up your food, and find a seat. Just try not to talk with your mouth full.  If you come back in about an hour, you will see dishes…lots of dishes. But if you don’t look carefully, you won’t see the most important thing – the long-term relational fruits of this weekly tradition. Note: Before getting to the rewards this tradition has reaped, let me say that this tradition is by no means limited to people who are biologically related to you. Our family is large, so that’s all we have room to host. Your “family” can be anyone you want to spend time with chatting around the table. Our Sunday Tradition It began about 15 years ago. We would go to lunch with the extended family after church, but it was a tradition that was getting expensive. I had five growing kids between the ages of 6-11, and they were all eating full adult meals. One Sunday, in the early 2000’s, we went to Olive Garden for their all-you-can-eat pasta special. Since no one was eating kids’ meals anymore, our bill came out to around $80 including tax and tip. WOW! That was keeping everything as inexpensive as possible.  Now don’t get me wrong,  I LOVE to eat out, but spending almost $350 a month on lunch after church wasn’t in the cards for us. I began to calculate the cost of making homemade spaghetti sauce, salad, and garlic bread for my immediate and extended family. At the time, I could do it for about $30 total or $2 per person. That included the main meal, drinks, dessert, and paper goods! After seeing how much it would save us, I decided that during football season we would invite the extended family to eat at our house after church. Not because everyone in the family loves football (as a matter of fact the majority do not), but limiting it to football season helped me to set boundaries on how many Sundays a year I would host everyone.  This decision, however, would mean that I would have to cook for a crowd about twenty Sundays each year. Something I was willing to do if it meant Sunday afternoons could be dedicated to family without breaking the bank. And so the tradition began. Valuable Lessons I’ve Learned In the decade that has passed not only have I saved money, but I have learned some valuable lessons as well: I have learned that serving good food encourages people to come consistently. Who isn’t more excited to come over and eat homemade lasagna rather than fast food? Not that every part of the meal has to be homemade, but good food is a draw. I promise! Although I do believe in the power of great food to help encourage attendance, I have also learned that it doesn’t have to look Pinterest-perfect for the benefits to be reaped. We are real people, and sometimes my kids or I aren’t too excited to do what it takes to host. Sometimes a Sunday afternoon nap sounds better than filling the house with people. But what I have learned from years of doing this is that those feelings pass. Inevitably they are replaced by an overwhelming sense of gratitude for the chance to host and foster an environment where the family feels comfortable enough to take their shoes off and relax.  Because we are regular people with busy schedules, I have also learned creative strategies for feeding people not only on a budget but within time constraints. I have plans for when I need everything prepped ahead, for when I need to cook everything in an hour, and for when, on occasion, I need everyone to bring their own lunch. This has enabled the tradition to continue despite life’s crazy moments.  The Connection Has Been Our Favorite Part As happy as I am that we have saved so much money with this tradition, the biggest reason I am so passionate about family dinners isn’t the money saved. It’s the long-term relational results. I really do believe, because I have seen it, that relationships are nurtured where good food is served. It gives people the chance to sit. To linger. To share. To connect. Something that can be severely lacking in our busy lives.  Not that weekly Sunday dinners are the only way to accomplish this goal. Maybe it’s once a month on Friday nights, every other Sunday, or brunch on Saturday mornings. My hope is that this might spark an interest for you to find a way to dedicate time to eating around a table with people you love. Extended time. Not the fast, scarf-everything-down-and go-our-own-way, kind of dinner time. Want to Start a Tradition of Your Own? If you have read this and want to start a tradition of your own, there is more information on getting started in this 5-Step

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