Tag: Decade

Mastercard: Double-Digit Growth For Over A Decade – Priceless (NYSE:MA)

Investment Thesis

Mastercard’s (MA) network is a critical part of the payments infrastructure across the globe, providing support for various types of digital and mobile payments, both of which are expected to grow rapidly in the coming years. But Mastercard is also helping to shape the future of real-time payments – another space that is expect to grow quickly. Mastercard’s essential role in these markets, combined with its exceptionally profitable business model, makes this stock a compelling long-term investment.

Mastercard’s Business Model

Mastercard is one of the largest payment networks in the world, behind Visa (V) and China-based UnionPay. It has over 2.2 billion payment cards in circulation, which are accepted in over 210 countries (and territories) by over 37 million merchants.

Mastercard, like Visa, is an open network – it processes payments, but does not issue cards. Instead, it works with other financial institutions that issue cards branded with

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Dow Jones Posts Small Gain as Boeing Predicts Tough Decade Ahead, Walmart Launches Insurance Business

The stock market was volatile on Tuesday after posting solid gains to start the week. The Dow Jones Industrial Average (DJINDICES: ^DJI) was up 0.37% at 1:10 p.m. EDT today, outperforming the other major indexes.

One thing keeping the stock market in check could be comments from Federal Reserve chairman Jerome Powell, who warned on Tuesday that too little government aid would lead to a weak economic recovery. Congress has yet to agree on additional stimulus measures, and an agreement does not appear close.

Shares of Boeing (NYSE: BA) were moving in the wrong direction on Tuesday after the airplane manufacturer predicted a difficult decade ahead. Meanwhile, the stock of Walmart (NYSE: WMT) was little changed after the retailer announced an insurance brokerage business.

An airplane.

Image source: Getty Images.

Boeing forecasts tough years ahead

The coronavirus pandemic has greatly reduced demand for air travel. While the number of daily air passengers

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Detroit golf courses expected to make profit for first time in a decade

Detroit might actually make some money on its golf courses this year thanks to a surge in the sport’s popularity during the coronavirus pandemic.

The city is anticipating its three municipal courses will finish the season in the black this year. It would be the first time in at least 10 years that the courses turned a profit, said Brad Dick, group executive of services and infrastructure for Detroit.

As of Sunday, more than 97,000 rounds were played at Chandler Park, Rouge Park and Rackham — the most in recent records. That’s already 17 percent more than the total number played last year, even after losing a couple of weeks at the very beginning of this season due to closures mandated because of the health crisis.

Revenue this season is expected to be $2.8 million or $2.9 million, compared with $2.3 million last year.

Dick said it is not clear

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City approves central business district for another decade

TUCSON, Ariz. (KOLD News 13) -Tuesday, the city of Tucson’s mayor and council vote to extend the central business district for another 10 years.



a tall building in a city: Downtown Tucson will remain in the central business district.


© Provided by Tucson (Sierra Vista) KOLD
Downtown Tucson will remain in the central business district.

Brian Flagg and Roxy Valenzuela walk around the block on 25th and 4th—the area the City of Tucson and South Tucson are separated.

“I see bars and restaurants coming in this direction that aren’t for the people who live in the city of South Tucson,” said Brian Flagg, who opposes a central business district.

Flagg says the differences from one side of the street to the other are stark, and something like central business district would highlight those differences even more.

“It’s like the world changes, and it’s much more low income, and I think that’s starting to change,” said Flagg.

Valenzuela and Flagg are part of a movement

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Reform of Life Insurance Business Will Lay Solid Foundation for Next Decade

HONG KONG and SHANGHAI, Sept. 14, 2020 /PRNewswire/ — Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEX: 2318; SSE: 601318) announced that its life insurance arm, Ping An Life, is driving business in four key areas: its growth model, marketing, product strategy and channel integration.

During the 2020 interim results conference, Lu Min, Chief Insurance Business Officer of Ping An, said, “Despite the unprecedented challenges and the industry’s inertia to sweeping changes, we are confident that this reform will pave the way for Ping An Life’s further development in the next decade.”

Ping An Life’s Reform Will Set It Apart

The previous round of business reform for Ping An Life began in 2004. Based on market conditions, Ping An switched from investment-linked insurance products to protection products and withdrew from low-value bancassurance channels. The number of insurance agents shrank to 200,000 from 320,000.

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Why The Stock Market Is Poised To Disappoint For A Decade Or Longer

Perhaps it is due to the innovation cycle, but companies seem to emerge every two-to-three decades that are so powerful, and their business models so unassailable, it becomes nearly impossible to image a world in which they could be challenged successfully. Growth prospects virtually assured, investors come to believe their dominance is permanent; and their stocks increasingly become seen as “no-brainer” investments.

No-brainers are necessarily large corporations, mega-caps really, because it takes years and years of success for a company to build a formidable reputation. No-brainers are always the “top dogs” in a massive addressable market.

Half a century ago, the no-brainers of the time were called, Nifty-fifty stocks. These were big and solidly profitable blue-chip companies holding sway over fast-growing, ever expanding markets. They included great companies like Coca-Cola
KO
, Disney and 3M
MMM
and outperformed every Index for several years,

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