Author: News Room
Most people at or near retirement age will say they want to remain at home as long as possible. That means not going to a care home of any kind “with all those old people”. It sounds fine when one is 65 or so and in reasonably good health. But of course, aging takes its toll. Over time, when the person is in their 80s, aging in place can become an unrealistic challenge. What We Don’t Like To Recognize No one wants to admit that we are losing independence. Research tells us that at least a third of us are…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The chair of the world’s largest Spanish-language broadcaster Grupo Televisa stepped down on Thursday as the company faces a US investigation over activity related to Fifa football rights.Televisa in August said it was being investigated by the US Department of Justice over its dealings with football’s governing body, Fifa, and that the outcome of the probe could have a material financial impact on the company. It said Emilio Azcárraga, 56, who first took the helm of Televisa in the 1990s and is…
The Boston Beer Company, Inc. (NYSE:SAM) Q3 2024 Results Conference Call October 24, 2024 5:00 PM ET Company Participants Mike Andrews – Associate General Counsel & Corporate SecretaryJim Koch – Founder & ChairmanMichael Spillane – Chief Executive OfficerDiego Reynoso – Chief Financial Officer Conference Call Participants Michael Lavery – Piper SandlerRob Ottenstein – Evercore ISIEric Serotta – Morgan StanleyBonnie Herzog – Goldman SachsFilippo Falorni – CitiBill Kirk – Roth Capital Operator Greetings, and welcome to the Boston Beer Company Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the…
The Consumer Financial Protection Bureau (CFPB) on Wednesday ordered Apple and Goldman Sachs to pay $89 million over mishandled transaction disputes and misrepresentations that impacted hundreds of thousands of Apple Card users. The CFPB found a breakdown in how customer service for the Apple Card handled consumer disputes, as Apple failed to send tens of thousands of disputes to Goldman Sachs and when it did send them, the bank failed to abide by federal requirements for investigating the disputes. The agency noted that the companies launched Apple Card despite warnings by third parties about technological issues with the Apple Card disputes system. That…
Mortgage rates continued their upward trajectory this week, climbing for a month straight while further pushing down demand in the stalled housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.54% from last week’s reading of 6.44%. The average rate on a 30-year loan was 7.79% a year ago. “The continued strength in the economy drove mortgage rates higher once again this week,” said Sam Khater, Freddie Mac’s chief economist. “Over the last few years, there has been a tension between downbeat economic narrative and incoming…
The upcoming election is only days away, and the two presidential candidates remain in a statistical dead heat. Control of the U.S. Congress seems likely to be narrow as well, with either party having a chance to win control. Clearly, the electorate is deeply divided, and it is increasingly rare to find issues that transcend party lines. According to Gallup, polarization between Republicans and Democrats on social and policy matters has surged significantly in the past two decades. But amidst this political division, Americans are notably united in concerns about their economic security in retirement. In fact, a recent nationwide…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Tesla’s shares surged on Wednesday after the world’s largest electric vehicle maker reported higher than expected quarterly profit, while forecasting “slight growth” in deliveries this year and a big jump in 2025.The performance marks a turnaround for Tesla, which has endured a few disappointing quarters as concern spread about slowing global demand for EVs. It has also been caught up in the divisive political activism of its chief executive, Elon Musk, and a court battle to restore his $56bn package of share…
Ribbon Communications Inc (NASDAQ:RBBN) Q3 2023 Results Conference Call October 23, 2024 4:30 PM ET Company Participants Joni Roberts – Chief Marketing OfficerBruce McClelland – CEO Conference Call Participants Christian Schwab – Craig Hallum Capital GroupMichael Genovese – Rosenblatt SecuritiesTim Savageaux – Northland Capital MarketsRustam Kanga – Citizens JMP Operator Ladies and gentlemen, greetings, and welcome to the Ribbon Communications Third Quarter 2024 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Joni Roberts, Chief Marketing Officer. Please go ahead. Joni Roberts Good afternoon, and welcome…
Subsidizing home care for aging adults has been discussed in decades past. Now it is part of the political discussion once again. Can it ever be achieved? Consider the obstacles and possible benefits. History In the 1970’s, less than ten years after Medicare became the law of the land in 1965, public health officials recognized that putting elders into nursing homes was very costly. Once a person had reached what Medicare terms “maximum rehab potential”, a very subjective term, Medicare benefits ended for a nursing home stay. That is still the way Medicare works. At that time in the 1970s,…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseThe US dollar has rallied to its strongest level since August, boosted by a recent string of strong economic data and investor bets that Donald Trump’s chance of winning next month’s presidential election is on the rise.The currency has climbed nearly 4 per cent since late September against a basket of rivals, helped by blockbuster US jobs figures earlier this month that prompted investors to scale back their expectations for Federal Reserve rate cuts. But traders and analysts say…
