Author: News Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apple chief financial officer Luca Maestri will step down from the role at the beginning of next year, ending a more than decade-long stint as the iPhone-maker’s top finance executive.Maestri will be succeeded by Kevan Parekh, Apple’s vice-president for financial planning and analysis, the company said on Monday.Maestri is a core member of Apple’s close-knit top leadership team and a close confidante of chief executive Tim Cook. He will stay at the company to lead its corporate services teams. He has been a…

Senstar Technologies Corporation (NASDAQ:SNT) Q2 2024 Earnings Conference Call August 26, 2024 5:00 PM ET Company Participants Kim Rogers – IR, Hayden IRFabien Haubert – CEOAlicia Kelly – CFO Conference Call Participants Ken Liddy – Oppenheimer Operator Greetings and welcome to the Senstar Second Quarter 2024 Financial Results. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce you to your host, Kim Rogers, with Hayden IR. Thank you, Kim. You may begin. Kim Rogers…

The Federal Trade Commission said Monday that Care.com had agreed to a proposed $8.5 million settlement to address what the FTC called “unlawful practices,” which include misleading both the job seekers and job posters who use the site. “Care.com used inflated job numbers and baseless earnings claims to lure caregivers onto its platform, and used deceptive design practices to trap consumers in subscriptions,” said Samuel Levine, director of the FTC’s Bureau of Consumer Protection, in a statement released Monday afternoon. “The order announced today puts a stop to these unlawful practices, returns millions of dollars to consumers and helps ensure…

Here are the stocks making notable moves on Monday: PDD Holdings — Shares of the Temu parent company plunged more than 28% on disappointing second-quarter results. The China-based online retailer posted revenue of 97.06 billion yuan, or $13.6 billion, versus consensus estimates of 100.17 billion yuan, according to analysts polled by FactSet. Management said pressures on revenue growth are likely to continue due to increased competition. Icahn Enterprises — Carl Icahn’s investment firm saw shares drop more than 11% after Icahn Enterprises filed with the U.S. Securities and Exchange Commission to sell up to $400 million depository units through an…

A New York federal judge has ordered U.S. probation officials to investigate the recent arrest of a convicted drug dealer who was released from prison in early 2021 when his 10-year sentence was commuted by former President Donald Trump.The order raises the possibility that the drug dealer, Jonathan Braun, could be sent back to prison for his federal marijuana-related conviction because of his arrest last week in Nassau County, New York, for allegedly assaulting his wife and father-in-law.It also raises the prospect that Braun could become an issue in the 2024 presidential election, where Trump is trying to paint Democratic nominee Vice President Kamala…

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 6.125% as of August 6, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.500%, which is 0.010 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate…

Many American retirees are making significant mistakes with their traditional IRAs by planning to leave the accounts to their children or other heirs. Inheriting a traditional IRA never was a great deal and is significantly less appealing to heirs now. An IRA owner can take actions to increase the value of inheriting the assets. Most other assets are inherited income-tax free, plus the heir increases the tax basis to its current fair market value. The heir can sell the assets immediately and owe no capital gains or income taxes, no matter how much the asset appreciated during the previous owner’s…

Fresh off a week of daily counterprogramming events and an effort to steal the spotlight from his new opponent, Donald Trump and his campaign are seeking to harness that pace in the lead-up to November — with plans to aggressively ramp up the former president’s schedule, hone his debate skills and cultivate a new ground-game strategy tied to the early voting states, sources familiar with the strategy shift told CNN. The new approach is itself an acknowledgment that Trump’s campaign has struggled to adapt to the fast-changing political landscape after President Joe Biden ended his campaign less than four months…

Israel’s military launched a wave of air strikes in southern Lebanon in the early hours of Sunday, in what it said was an attempt to foil an “extensive attack” by the militant group Hizbollah.The exchange of fire was the biggest between Israel and Iran-backed Hizbollah since they fought a 34-day war in 2006, and marked a sharp escalation of the hostilities that have simmered between the two sides since the start of the war between Israel and Hamas in Gaza last year.Hassan Nasrallah, Hizbollah’s leader, sought to draw a line under the exchange on Sunday evening, saying the attack was…

A brief look back I last covered Airbnb (NASDAQ:ABNB) in November 2023 (time flies!). The article put a hold rating on the stock, with a price target of buying near $100. Here is my rating history: Seeking Alpha The first two buy ratings worked well, with quick gains of 26% and 32%, and the sell rating was timely. However, I missed out on more gains with the hold in the center of the graph. At that time, I wrote the following: Let’s face it. We know that consumers can’t keep up this frenetic pace forever. Something will give. This was…