Author: News Room

Retirement accounts are protected from creditors and lawsuits most of the time, but not all the time. You should know the circumstances when an IRA or other retirement account might be vulnerable. In general, qualified retirement accounts are protected from creditors, whether or not bankruptcy is declared, by the federal Bankruptcy Abuse and Consumer Protection Act of 2005. For most types of retirement plans, the protection is unlimited. But IRAs receive limited protection with the protected amount adjusted for inflation every three years. Currently, up to $1,512,350 of an IRA is protected. There’s no limit, however, when the IRA was…

A series of viral posts on social media this week promoted claims that NFL quarterbacks Joe Burrow of the Cincinnati Bengals, Jared Goff of the Detroit Lions and Daniel Jones of the New York Giants had joined a public “White Dudes for Harris” online fundraising call Monday night in support of presumptive Democratic presidential nominee Vice President Kamala Harris. Facts First: The viral posts are false. A source connected to Burrow, a source connected to Goff and a source connected to Jones told CNN Tuesday that each of them was not on the call. The three quarterbacks have not publicly endorsed…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israel has targeted a senior Hizbollah figure in an air strike on Beirut, saying the operation was retaliation against the individual responsible for a deadly rocket attack on the Israeli-occupied Golan Heights. A large explosion ripped through the Lebanese capital’s southern suburbs on Tuesday evening, with footage showing several floors of a residential building badly damaged and large plumes of smoke rising from it. This area of Beirut is a Hizbollah stronghold. The Israeli strike targeted Fuad Shukr, who is believed to…

Brembo S.p.A. (OTCPK:BRBOF) Q2 2024 Earnings Conference Call July 30, 2024 8:30 AM ET Company Participants Laura Panseri – Head of Investor RelationsMatteo Tiraboschi – ChairmanDaniele Schillaci – Chief Executive OfficerAndrea Pazzi – Chief Financial Officer Conference Call Participants Monica Bosio – Intesa SanPaoloMartino De Ambroggi – EquitaAndrea Balloni – MediobancaGiovanni Selvetti – BerenburgGianluca Bertuzzo – Intermonte SIMGabriele Gambarova – Banca Akros Operator Good afternoon. This is the Chorus Call Conference operator. Welcome and thank you for joining Brembo First Half 2024 Conference Call. As a reminder, all participants are in listen-only mode. After the presentation there will be an…

Consumers have reached their breaking point with $6 iced coffees and lemonades at Starbucks. Starbucks sales dropped 3% globally at stores open for at least a year, including a 2% drop in its home North America market. And that masked how steep the decline was for Starbucks last quarter: Total transactions at North American stores open at least a year fell 6% in the quarter. That was offset, in part, by higher prices. In other words: Fewer people are going to Starbucks and buying drinks and food. It was Starbucks’ second-straight quarter of sales declines. Starbucks’ struggles reflect consumer fatigue…

Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand.Shares of the company rose more than 1% in extended trading.Here is what the company reported compared to what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: 93 cents adjusted vs. 93 cents expectedRevenue: $9.11 billion vs. $9.24 billion expectedThe coffee giant reported fiscal third-quarter net income attributable to the company of $1.05 billion, or 93 cents per share, down from $1.14 billion, or 99 cents per share, a year earlier.Excluding items, Starbucks earned 93…

Advanced Micro Devices reported second-quarter earnings on Tuesday that beat Wall Street expectations for revenue and showed continued growth in sales of the company’s AI chips.AMD shares rose 5% in extended trading.Here’s how AMD did versus LSEG consensus expectations for the quarter ended in June 29:Earnings per share: 69 cents adjusted versus 68 centsRevenue: $5.83 billion versus $5.72 billion expectedAMD said it expects about $6.7 billion in sales in the current quarter, versus Wall Street expectations of 93 cents in earnings per share on $6.61 billion of sales.The chipmaker reported net income of $265 million, or 16 cents per share,…

Paycheck advance products, often referred to as “earned wage” products, give consumers access to their paycheck early when they’re in a pinch. Offered through employers or as direct-to-consumer loans, these products can be free but many come with costly fees. To combat misunderstandings around these loans, the Consumer Financial Protection Bureau (CFPB) has proposed a rule. The rule explains that paycheck advance products should be subject to the Truth in Lending Act just like other credit products. Under the act, lenders must legally disclose the true cost of any fees workers will face when using these products.Paycheck advance products are…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.625% as of July 22, which is unchanged from Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is also unchanged from Friday.  With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…

When considering retirement, many pre-retirees and recent retirees focus on the vacation part, making plans to travel and pursue interests and hobbies. You might also be looking forward to the initial honeymoon phase of retirement, when you don’t have to wake to an alarm clock, quickly wolf down breakfast, and rush out the door to work. But then what? Sooner or later, you’ll realize that pursuing these activities only occupies a relatively small amount of your time throughout the year. And the excitement of the honeymoon phase fades away as it becomes your normal routine and you settle into the…