Author: News Room

The IRS has announced that the amount of tax-favored funds that you can sock away for retirement is increasing. In 2025, the amount most individuals can contribute to their 401(k) plans will tick up to $23,500—it was $23,000 for 2024. The announcement is tied to cost‑of‑living adjustments for pension plans and other retirement-related items for tax year 2025 (those adjustments are required by law). Here’s a look at some of the most common plans and what will be different next year: 401(k) and Similar Plans As noted, the amount individuals can contribute to their 401(k) plans is $23,500—that limit applies…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK Prime Minister Sir Keir Starmer has sought to reassure nervous markets that his government will not become addicted to tax and spend after this week’s Budget, as he promised to carry out tough reforms to Britain’s “creaking” state.Writing in the Financial Times after Labour’s first Budget in 14 years sparked a bond market sell-off, Starmer attempted to dispel fears that he would rely on more tax raises and borrowing to fund public services.“Just as we cannot tax and spend our way…

RE/MAX Holdings, Inc. (RMAX) Q3 2024 Earnings Conference Call November 1, 2024 8:30 AM ET Company Participants Andy Schulz – Senior Vice President, Investor RelationsErik Carlson – Chief Executive OfficerKarri Callahan – Chief Financial OfficerAmy Lessinger – PresidentWard Morrison – President and Chief Executive Officer, Motto Mortgage and wemlo Conference Call Participants Ryan McKeveny – Zelman & AssociatesJohn Campbell – StephensAnthony Paolone – J. P. MorganTommy McJoynt – KBWRonald Kamdem – Morgan Stanley Operator Good morning, and welcome to the RE/MAX Holdings Third Quarter 2024 Earnings Conference Call and Webcast. My name is John, and I’ll be facilitating the audio…

2025 Medicare Changes Every year there are changes to Medicare Advantage Plans and Social Security. Most years the changes are not dramatic. But this year the change in your Medicare Advantage plan may be dramatic. If you have a Medicare Advantage Plan, do not assume that your plan will remain the same for 2025. Because the annual out-of-pocket spending for Part D prescription drugs were capped at $2,000, the insurance companies have redesigned their plans and have also cancelled approximately 2,000,000 people. You need to make sure you are not one of those people who were cancelled. In addition, if…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apple gave cautious guidance for the crucial holiday quarter on a call with investors, as uncertainty over how a staggered rollout of its new AI features will translate into sales of iPhones and other devices complicated otherwise solid quarterly results.The outlook for revenue growth in the low to mid-single-digits in the current quarter fell just short of the high end of Wall Street’s expectations, and shares dropped 1.5 per cent on Thursday in after-hours trading.Consensus estimates ahead of the call predicted around…

Teekay Corporation Ltd. (NYSE:TK) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Kenneth Hvid – President & Chief Executive OfficerBrody Speers – Chief Financial Officer Conference Call Participants Jon Chappell – EvercoreOmar Nokta – JefferiesKen Hoexter – Bank of America Operator Welcome to the Teekay Group Third Quarter 2024 Earnings Results Conference Call. [Operator Instructions] As a reminder this call is being recorded. Now, for opening remarks and introductions, I would like to turn the call over to the company. Please go ahead. Unidentified Company Representative Before we begin, I would like to direct all…

Mortgage rates continued their upward climb this week, leaving demand essentially flat in the stagnant 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 6.72% from last week’s reading of 6.54%. The average rate on a 30-year loan was 7.76% a year ago. “Increasing for the fifth consecutive week, mortgage rates reached their highest level since the beginning of August,” said Sam Khater, Freddie Mac’s chief economist. “With several potential inflection points happening over the next week, including the jobs report, the 2024 election, and the…

Most economists who had to describe healthy, stable growth would end up largely describing today’s GDP numbers. The economy expanded at an annual inflation-adjusted rate of 2.8% in the third quarter of 2024, after expanding at 3.0% in the previous quarter. Outside of volatile inventory build ups, economic growth actually accelerated. Income growth from continued employment growth and wages outpacing prices is driving consumer spending. U.S. companies prove to be highly competitive in global markets across a wide spectrum of goods and services. Businesses continue to invest at fairly high levels to take advantage of new opportunities in a highly…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Microsoft reported double-digit gains in quarterly revenue and profit driven by strong demand for cloud computing, but its shares slipped after it warned that growth was cooling and artificial intelligence-related spending would continue to rise.The tech giant’s stock fell 3.8 per cent in after-hours trading on Wednesday, reversing initial gains, after executives flagged softening revenues at its key Azure Cloud division in the current fiscal quarter. Capital expenditures almost doubled to $20bn from the same period a year ago.The outlook took some…

iRhythm Technologies, Inc. (NASDAQ:IRTC) Q3 2024 Results Conference Call October 30, 2024 4:30 PM ET Company Participants Stephanie Zhadkevich – Director, Investor RelationsQuentin Blackford – President and CEODaniel Wilson – Chief Financial Officer Conference Call Participants Allen Gong – JPMorganMacauley Kilbane – William BlairKallum Titchmarsh – Morgan StanleyMarie Thibault – BTIG LLCDavid Ryman – Goldman SachsDavid Rescott – BairdRichard Newitter – TruistWilliam Plovanic – Canaccord GenuitySuraj Kalia – Oppenheimer Operator Hello, everyone, and welcome to iRhythm’s Third Quarter 2024 Earnings Call. My name’s Lydia, and I’ll be your operator today. After the prepared remarks, you’ll have the opportunity to participate…