Episode 8

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News

Do you rebalance your portfolio?

My financial life in pie charts

Surge in commodity prices bring inflation fears

Options traders betting on $100 per barrel oil

U.S. Banks to business… stop depositing cash

Inflation surges in May. Highest rate in 13 years

Georgia: Annual expenditures: $44,897Housing costs in Georgia come in at $6,959, which is fourth-best in the nation and 28.7% below the U.S. average. That might be why you can find luxurious retirement communities in the Peach State.gobankingrates.com

Nucor Corporation (NUE): Nucor announced today that it has signed a definitive purchase agreement to acquire Cornerstone Building Brands’ insulated metal panels (IMP) business for a cash purchase price of $1 billion, or approximately 10x pre-pandemic EBITDA inclusive of expected synergies. Adjusting for the net present value of associated tax benefits, the realized effective purchase price for Nucor is approximately $900 million. The transaction is expected to close later this year, pending regulatory approvals. “Today’s announcement accelerates our vision to broaden value-added solutions that Nucor provides to our targeted end markets. Additionally, it enhances our strong financial position with attractive free cash flow conversion rates and accretive EBITDA margins,” said Leon Topalian, President and Chief Executive Officer of Nucor. “We are excited about this opportunity to acquire a historical leader and innovator in the quickly growing IMP product category serving the non-residential market. We are committed to finding new and better ways to meet our customers’ needs, and this acquisition is an excellent fit with Nucor’s long-term strategy to grow our core business and expand our product portfolio.” Nucor to Acquire Insulated Metal Panels Business from Cornerstone Building Brands (yahoo.com)

3M (MMM): 3M has worked with the U.S. Marshals Service in the Eastern District of Kentucky to stop the sale of more than one million suspected fake N95 respirators, as part of the company’s continuing global effort to combat pandemic fraud, counterfeiting, and price gouging. 3M helps U.S.