Author: News Room

Daughter of elderly mother (EM) called in a bit of a panic. She had just found out that her 80 year old mother, living alone in another state, had been giving thousands and thousands of dollars to a campaign. This was done with recurring donations she had unwittingly signed up for on her cell phone. EM had no idea of what she had given every day for months. Her concerned daughter (CD) had looked at the statements from the financial advisors her mom had chosen without CD’s knowledge and was horrified. EM had funds, but not enough to take care…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Reddit, the social media platform known for its devoted online communities and raucous debates, surprised Wall Street by turning a profit for the first time just months after going public, sending shares up 25 per cent to a record high. On a call with analysts, Reddit’s executives said that investments in its ad tech, designed to improve the performance of ads, were bearing fruit, as was its move to use “machine translation” to automatically translate its content into languages to boost its…

First Solar, Inc. (NASDAQ:FSLR) Q3 2024 Results Conference Call October 29, 2024 4:30 PM ET Company Participants Richard Romero – Investor RelationsMark Widmar – Chief Executive OfficerAlex Bradley – Chief Financial Officer Conference Call Participants Philip Shen – ROTH Capital PartnersBrian Lee – Goldman SachsJulien Dumoulin-Smith – JefferiesKashy Harrison – Piper SandlerAndrew Percoco – Morgan Stanley Operator Good afternoon, everyone and welcome to First Solar’s Third Quarter 2024 Earnings Call. This call is being webcast live on the Investors section of First Solar’s website at investor.firstsolar.com. [Operator Instructions] As a reminder, today’s call is being recorded. I would now like…

If you asked 100 people what the purpose of financial planning is, the reflexive answer of the majority would likely be to have more money. And this underlying belief, spoken or not, is likely why financial planning so often results in under-implemented plans and satisfaction levels that score just marginally above “meh” on a scale of “pointless” to “life-changing.” But is “life-changing” even a possible outcome for financial planning, or is that lofty aim an overreach? For the elderly widow with no heirs I met who, gripped by fears that stemmed all the way back to the Great Depression, compounded…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China’s largest coffee chain, Luckin Coffee, is planning to enter the US market and undercut rivals including Starbucks with its low-priced drinks, marking a comeback for the company after a fraud scandal that resulted in its Nasdaq delisting and a $180mn fine.The Xiamen-based company is laying the groundwork for a US launch as early as next year, building out its supply chain and customising its technology for the market, according to two people with knowledge of the matter.The expansion comes nearly five…

Inari Medical, Inc. (NASDAQ:NARI) Q3 2024 Earnings Conference Call October 28, 2024 4:30 PM ET Company Participants Marissa Bych – VP, IRDrew Hykes – President and CEOKevin Strange – CFOTom Tu – Chief Medical Officer Conference Call Participants Kallum Titchmarsh – Morgan StanleyMarie Thibault – BTIGDavid Rescott – BairdChris Pasquale – Nephron ResearchStephanie Piazzola – Bank of AmericaLei Huang – Wells FargoZachary Day – Canaccord GenuityMichael Sarcone – JefferiesRavi Misra – Truist SecuritiesMatthew Blackman – Stifel Operator Good day, and welcome to the Inari Medical Third Quarter 2024 Earnings Call. [Operator Instructions] Also, please be aware that today’s call is…

When’s the last time you made a friend? Not just someone you see at work, or someone who is an acquaintance – a real friend. Someone you can call on and confide in, and who has your best interest at heart, and who can lean on you as well. In a previous article, I described the reasons why it is particularly important to make friends after retirement. Sanjay Gupta, author of the book “Keep Sharp: Build a Better Brain at Any Age,” calls friends, “connection protection” for being strong and resilient. Friendships are arguably the antidote to the epidemic of…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.There are two ways to read last week’s announcement from new HSBC boss Georges Elhedery that the bank will restructure and embark on a “simplification journey”.One is dramatic. The embodiment of global finance, with operations in 60 countries (second only to Citigroup), is giving up on globalisation with its decision to split itself into a cluster of “eastern markets” and another of “western markets”. It is a move that sounds very similar to the Asia spin-off lobbied for by leading Chinese shareholder…

This article was written byFollowDaniel is an avid and active professional investor. He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham’s investment philosophy and a contrarian approach to the market and the securities therein. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any…

There are significant tax-reduction opportunities available when employer stock is held in a 401(k) plan. The opportunities are more significant now, as are the potential consequences of a suboptimal decision, because prices of many stocks increased significantly in recent years. Yet, many people diminish their benefits by rushing their decisions. The key tax break is known as net unrealized appreciation, or NUA. It can be very valuable, but you must know and follow the rules. If you sell employer stock while it is in your 401(k) or other retirement account, such as an ESOP, you do not get the tax…