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The Cincinnati Insurance Company Chief Claims Officer Announces Retirement

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Goldman Sachs: These 3 Stocks Are Poised to Surge by at Least 50%

Is it time for the bears to break out the champagne glasses? Not so fast, says Goldman Sachs. Volatility has ruled the Street for the last few weeks, leading some to conclude that those with a more pessimistic outlook had been vindicated, but the firm believes stocks can still climb higher.According to Goldman Sachs’ head of U.S. equity strategy, David Kostin, the S&P 500 could still hit 3,600 by the end of the year, and 3,800 by mid-2021, on the back of vaccine-related optimism and progress with the economic reopening. This would reflect gains of 10% and 16%, respectively, should the index ultimately reach these targets.“Despite the sharp sell-off in the past week, we remain optimistic about the path of the U.S. equity market in coming months. The Superforecaster probability of a mass-distributed vaccine by Q1

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International Bancshares Corporation Announces Cash Dividend

International Bancshares Corporation (“IBC”) announced today that on Sept. 4, 2020, IBC’s Board of Directors approved the declaration of a .55 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Sept. 21, 2020, payable on Oct. 5, 2020. “This cash dividend was made possible because of our company’s strong earnings performance, augmented by the benefits of the 2017 Tax Cut and Jobs Act, and the company’s exceptionally strong capital position,” said Dennis E. Nixon, president and CEO of IBC.

IBC (NASDAQ:IBOC) is a multi-bank financial holding company headquartered in Laredo, Texas, with over $13.3 billion in total assets and 187 facilities and 282 ATMs serving 88 communities in Texas and Oklahoma.

“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts contain forward-looking information

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Kona Gold Solutions, Inc. Announces International Distribution Agreement with Global Imports LLC

MELBOURNE, Fla., Aug. 31, 2020 /PRNewswire/ — Kona Gold Solutions, Inc. (OTCQB: KGKG), a holding company focused on product development in the hemp and CBD functional beverage sector, is pleased to announce it has entered into an agreement with Global Imports LLC, who will exclusively distribute Kona Gold Hemp Energy Drinks Internationally. Global Imports, based out of North Carolina, have partnerships around the world and will be focusing on bringing Kona Gold Hemp Energy Drinks to key international markets.

Global Imports LLC is a Supply Chain, Distribution, and Logistics company with firm roots in the Importing & Exporting Business. Global Imports started as an Importing & Exporting Business managing a variety of goods from locations all across the Globe to the United States and other Countries abroad. After creating an extensive network abroad, Global Imports has since expanded operations into Wholesale, Distribution, Supply Chain, and Logistics. By providing

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The Finance 202: Fed, in major shift, announces it will prioritize getting people back to work

Central bankers traditionally have treated the two goals, commonly referred to as the Fed’s dual mandate, as in tension with each other, as falling unemployment was thought to drive up inflation.

Yet that relationship between employment and inflation has broken down in recent years. And going forward, Powell announced, the Fed will prioritize getting joblessness as low as possible. To do so, central bank policymakers won’t raise interest rates as soon as inflation tops the Fed’s target rate of 2 percent. Instead, the Fed “is adopting a form of average inflation targeting, which essentially means that the Fed will allow for some overshoot of the 2 percent target to balance out periods when inflation skirted below,” Rachel Siegel writes.

As Powell put it in his speech, “This change may appear subtle, but it reflects our view that a robust job market can be sustained without causing an outbreak of inflation.”

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CAI International, Inc. Announces Agreement to Sell its Logistics Business to NFI

CAI International, Inc. (“CAI” or the “Company”) (NYSE: CAI), announces the completion of an agreement to sell substantially all of the assets of its logistics business to NFI, on a debt free, cash free basis. In connection with the sale, substantially all of CAI’s employees of the logistics business were hired by NFI. The sale consideration consisted primarily of payment for the estimated net working capital of CAI’s logistics business as of the closing date, subject to adjustment 180 days after closing to reconcile to the actual net working capital as of the closing date.

Timothy Page, Interim President and Chief Executive Officer of CAI, commented, “The sale of our logistics business is a key step towards our goal of maximizing shareholder returns by focusing all of our resources on our core container leasing business.”

CAI is one of the

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