Author: News Room
I recently did a webinar on Medicare basics for over 600 consumers. During the Q&A session, I realized why Medicare is so confusing. The first question I was asked, “When are the seven months I have to enroll in Medicare?” highlights the reason. You would think there should be one enrollment period for everyone, right? There was back when Medicare started. By 1966, one year after Medicare became official, 19 million people had enrolled. (Just a comment about that. Even with all the computers and automation, could you imagine the scene in today’s world if Social Security had to process…
Robert F. Kennedy Jr.’s campaign filed a complaint with the Federal Election Commission on Tuesday alleging President Joe Biden’s campaign, former President Donald Trump’s campaign and CNN violated federal campaign laws in scheduling the network’s June 27 presidential debate. The complaint alleges CNN “colluded” with the Biden and Trump campaigns in scheduling the debate and setting debate qualification criteria, which the Kennedy team claims amounts to “prohibited corporate contributions” to both campaigns. The Biden campaign and the Trump campaign did not immediately respond to requests for comment. The Kennedy campaign asks the FEC to bar the campaigns and CNN from holding the…
Stay informed with free updatesSimply sign up to the Media myFT Digest — delivered directly to your inbox.Sony Music has created a new financial vehicle titled “Rock Bidco” as the record company bids for the music catalogue of British rock band Queen, which is expected to fetch a billion-dollar sum. “Rock Bidco” was incorporated on May 17 and is controlled by Tim Major, the co-leader of Sony Music Publishing, according to a filing with the UK Companies House.Queen has been shopping its music catalogue around for more than a year and has held talks with Sony Music and its rival Universal Music, according to people…
The tech sector has resumed its run higher after taking a breather earlier in the year. MoneyTalk’s Greg Bonnell discusses the outlook for the sector and the broader markets with Benjamin Gossack, Managing Director & Portfolio Manager, TD Asset Management. Transcript Greg Bonnell – While the big technology stocks grab all the headlines and are considered by many to be market leaders, they were actually underperforming there for a while. But our feature guest today says big tech is back. Joining us now to discuss that and some of the other trends he’s watching, Ben Gossack, managing director and portfolio…
Last updated: May 29, 2024 14:56 EDT | 2 min read Iggy Azalea’s MOTHER token is facing claims of insider activity following the debut of alleged scammer Sahil Arora’s IGGY cryptocurrency, DeFi supply auditing company Bubblemaps revealed on May 29.According to Bubblemaps, insiders reportedly bought 20% of MOTHER’s supply before its launch on Wednesday, ultimately dumping $2 million worth of the token.Iggy Azalea’s MOTHER Token Accused Of Insider ActivityOne wallet labeled as JEEt3D1 allegedly purchased 109T, an estimated 10% of the coin’s supply. Bubblemaps claims JEEt3d1 has since been split into seven different wallets and has sold 89T of MOTHER.…
Rest easy, America: Subway’s footlong cookie is back. Following a four-month long disappearance, Subway announced Wednesday the “triumphant return” of the oversized chocolate chip cookie, which was pulled from many restaurants less than two weeks after its January debut because of massive demand. The giant cookie was part of Subway’s new Sidekick lineup, a key part to Subway’s turnaround plans, which also includes a number of other changes to its menus as part of its efforts to keep up with rivals. The lineup also consists of a Cinnabon churro and a soft pretzel from Auntie Anne’s, both of which remained…
Growing up on a dairy farm in Osseo, Wisconsin, Diane Hendricks always pictured her future self wearing suits, driving nice cars and working in a city.Today, the 77-year-old has an estimated net worth of $20.9 billion — nearly double her reported net worth from just two years ago — topping Forbes’ most recent list of America’s Richest Self-Made Women for the seventh year in a row.Her fortune is largely from her roofing supplies ABC Supply. Hendricks built the Beloit, Wisconsin-based company with her late husband in 1982, and is currently its chairwoman. She owns 100% of the company, the company’s…
Check out the companies making headlines in midday trading: Abercrombie & Fitch — Shares popped 22% after the apparel retailer posted fiscal first-quarter sales that grew 22% from a year earlier. Abercrombie’s profit during the period was nearly seven times compared to the year-ago period and came in ahead of Wall Street’s estimates. Netflix — Morgan Stanley reiterated its overweight rating on the streaming stock, leading shares 2% higher. According to the firm, Netflix can see strong double-digit revenue growth that should extend beyond the benefits it is seeing from its paid-sharing initiative. American Airlines — The travel stock sank…
A majority of Americans feel financial regret as personal debt soars to new highs, a recent survey said. Roughly 78% said they had a financial regret, with 21% saying they most lamented “charging up too much credit card debt,” according to the Debt.com survey. Millennials regret their credit debt the most, and 45% said they feel guilty about “charging too much on their credit cards.” Baby boomers were the least concerned, with only 10% feeling regret over credit card debt despite having the most of it. Nearly 24% of baby boomers have $30,000 to $50,000 in credit card debt. Moreover, 49% of…
Owning a home is an expensive challenge for Gen Zers and millennials. Renting remains the more affordable option, but in some cases, renting can be just as expensive. On average, Gen Zers spend 30% of their income on a mortgage if they bought a home between the ages of 22 to 29, a RentCafe study found. Millennials spent even more on homeownership before the age of 30, at 36% of their income.Renting, on the other hand, is slightly cheaper for both Gen Z and millennials as both generations spend about 27% of their income on rent. Millennials that bought homes…
