Kroger Poised to Rebound After Berkshire Reports Stake

Shares of The Kroger Company (KR) rose nearly 6% during after-hours trading on Friday after Warren Buffett’s Berkshire Hathaway Inc. (BRK.A) disclosed that it purchased about 19 million shares worth over a half billion dollars – representing about 2.3% of outstanding shares. While the billionaire investor hasn’t offered any commentary, his successful track record is…

Covenant-Lite Loan Definition

What Is a Covenant-Lite Loan? A covenant-lite loan is a type of financing that is issued with fewer restrictions on the borrower and fewer protections for the lender. By contrast, traditional loans generally have protective covenants built into the contract for the safety of the lender, including financial maintenance tests that measure the debt-service capabilities of…

What Is a Merchant Account? How Accounts and Processing Works

What Is a Merchant Account? A merchant account is a type of business bank account that allows a business to accept and process electronic payment card transactions. Merchant accounts require a business to partner with a merchant acquiring bank who facilitates all communications in an electronic payment transaction. Merchant account relationships are essential for online…

On-Us Item

What Is an On-Us Item? An on-us item is a check or draft that is presented to the bank where the check writer has the funds on deposit, as opposed to the depositor’s bank (although in some cases both check writer and depositor may happen to use the same bank). The check can then be…

McDonald’s Beat Pushes Stock Into Overbought Territory

McDonald’s Corporation (MCD) beat estimates when it released its latest earnings report on Jan. 29. This snapped a three-quarter losing streak. The stock ended last week above its semiannual pivot at $216.19, with its weekly risky level at $222.53. McDonald’s has survived the adverse effects of the spreading of the coronavirus. Only 3% of its…