Author: News Room
We are exiting our position in Bausch Health , selling 2,930 shares at roughly $7.13. In addition, are buying 95 shares of Abbott Laboratories at roughly $104.53 and 125 shares of GE Healthcare at roughly $81. Following the trades, Jim Cramer’s Charitable Trust will own 895 shares of ABT, increasing its weighting to 2.95% from 2.65% and 1,275 shares of GEHC, increasing its weighting to 3.25% from. The Trust will no longer own a position in BHC. We trimmed our Bausch Health position in late February above $9 per share because we knew the courts were expected to decide on…
The Biden-Harris administration recently announced a finalized retirement rule that will help individuals save for retirement. The Retirement Security Rule updates the definition of fiduciary, a financial manager that follows a certain code of ethics. The amended definition requires financial managers to have set policies that guide them in advising individuals. These policies instruct professionals to provide prudent, loyal and honest advice without hefty fees.”America’s workers and their families rely on investment professionals for guidance as they save for retirement,” Acting Secretary for the U.S. Department of Labor, Julie Su said. “This rule protects the retirement investors from improper investment…
Borrowing money to go to college has closed the door on many major life milestones, including completing a degree program, for most student loan borrowers, a recent Gallup survey said. Overall, 71% of student loan borrowers who are currently enrolled college students or previously enrolled students who dropped out of their program have had to put off a major life event. Roughly 29% of student borrowers have delayed buying a home, and 28% have put off purchasing a car as a result of student debt. Another 22% have had to stay put in their childhood home, and 20% have delayed…
Mortgage rates climbed again this week, exacerbating the home affordability crisis that is stifling the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage jumped to 7.22% this week from 7.17% last week. The average rate on a 30-year loan was 6.39% a year ago. The average rate on the 15-year fixed mortgage rose to 6.47% from 6.44% last week. One year ago, the rate on the 15-year fixed note averaged 5.76%. Read the full article here
The daughter of a client called me because she was concerned about how much her mother paid for cataract surgery. She has a Medicare supplement, met her deductible and there shouldn’t be any bills. What is going on? As a nursing student, I cared for several cataract patients. They were admitted to the hospital and, after surgery, had to lay flat on their backs for three days. They were fitted for glasses with “coke-bottle” lenses that looked like the bottom of a soda bottle. Many things have changed since then. A Few Basics about Cataracts Let’s review some facts about…
US, UK and Australian authorities on Tuesday announced sanctions and criminal charges against a 31-year-old Russian man for being the alleged mastermind of a cybercriminal group that has extorted $500 million in ransom payments from thousands of victim organizations in the US and worldwide. Dmitry Yuryevich Khoroshev is accused of developing malicious software, recruiting hackers and overseeing operations for a crime group known as LockBit that has been described by experts as the most prolific ransomware gang in the world. The group’s victims included hospitals, schools and law enforcement agencies, and the hackers caused “broader losses and damage of billions…
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Fresenius Medical Care AG (NYSE:FMS) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants Dominik Heger – Head, IRHelen Giza – CEO and ChairMartin Fischer – CFO Conference Call Participants Richard Felton – Goldman SachsVictoria Lambert – BerenbergJames Vane-Tempest – JefferiesVeronika Dubajova – CitiGraham Doyle – UBSLisa Clive – BernsteinRobert Davies – Morgan StanleyHugo Solvet – Exane BNP ParibasOliver Metzger – ODDO BHFFalko Friedrichs – Deutsche Bank Dominik Heger Thank you, Alice. Good afternoon or good morning, depending on where you are. I would like to welcome you to our Earnings Call for the First Quarter…
Last updated: May 7, 2024 12:29 EDT | 2 min read In the latest Solana meme coin pump, the new cat-themed coin ‘Aqua Cat on SOL’ (AQUACAT) has seen its price skyrocket by 33,895% overnight, as traders around the world try to get a piece of the pie.This article will provide an analysis of AQUACAT’s current price trends and look to see whether a soon-to-launch meme coin, DOGEVERSE, represents a more promising investment opportunity at this time. oh and the chart looks like this. higher #aquacat pic.twitter.com/COmPmKNGgQ — Tuna (@_tun4_) May 6, 2024Aquacat is unique among cat coins because it’s…
A janitorial company has been fined $649,000 after an investigation found it hired minors for dangerous jobs cleaning slaughterhouses, the United States Department of Labor said Monday. Fayette Janitorial Service had employed at least 24 children, including those as young as 13, according to the DOL investigation. The minors had been working overnight shifts at two separate slaughter facilities, according to the DOL. Federal labor law bans children from certain jobs in slaughtering and meat packaging plants, including using or cleaning machinery, due to the hazardous conditions. In addition to paying the fine, Fayette must hire a third party to…
