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Digi International Inc. (NASDAQ:DGII) Q2 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Jamie Loch – Executive Vice President, Chief Financial Officer & TreasurerRon Konezny – President & Chief Executive Officer Conference Call Participants Mike Walkley – Canaccord GenuityCole Couzens – Stephens IncorporatedJosh Nichols – B. RileyScott Searle – ROTH MKMHarsh Kumar – Piper SandlerMike Walkley – Canaccord Genuity Operator Good day and thank you for standing by and welcome to the Q2 2024 Digi International Inc. Earnings Conference Call. At this time, all participants are in listen-only mode. After the speakers’ presentation, there will be…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sony and private equity group Apollo have told Paramount Global they intend to make a $26bn cash offer for the entertainment company, just one day before an exclusivity window is set to expire for a competing bid from Skydance Media. The Japanese group behind the rival Sony Pictures studio would be the majority investor in the deal and have control, while Apollo would be a minority equity investor, according to two people briefed on the approach. The pair do not expect to…

A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Former President Donald Trump has shown remarkable consistency over many years on a key issue of American politics: He does not have faith in election results. He questions the results when he has won. He refuses to concede when he has lost. Now he’s reserving judgment on whether this year’s election will be “honest.” In each quote below, he answers a version of the same question: “Will you accept the results of a given election?” I will look at…

The subject of financial exploitation of elders in our country has been on law enforcement radar for decades. Significant public education programs on this topic by states, counties, and elder-focused organizations are ongoing, but are they doing any good? There was an increase in financial elder exploitation by 14% over the last year, according to the annual FBI report. The data reveals the number of crime reports by persons over 60 in the U.S. Could that include your own aging parents or other loved ones? According to the report, “tech support scams were the most widely reported kind of elder…

Younger Americans who are looking for ways to buy a home in a challenging market are surprisingly open to buying a home with friends who aren’t their partner to make it more affordable as well as turning to their family for help making that investment. High interest rates and limited housing supply have made it a tough market for buyers to find a house that meets their needs, but homeownership remains a top priority for 42% of Americans who don’t currently own a home, according to a survey by Credit Karma.The survey found that over one-third of non-homeowners (35%) would…

New and returning college students’ timelines for applying for federal financial aid and receiving their award offers have been thrown off this year after the botched rollout of a new application form – with the leadership of the office in charge set to change this summer. College students and their families have been in limbo after issues with the implementation of a new FAFSA application form have caused delays in financial aid offers that have left many uncertain of what they’ll receive when the new academic year starts in a few months.In years past, FAFSA applications for the following year…

Homebuyers in the U.S. are turning to riskier adjustable rate mortgages (ARMs) as high interest rates make it less affordable for purchasers locking in new fixed rate mortgages, according to a new report. The Mortgage Bankers Association’s Market Composite Index, which measures loan application volume, found that the share of activity involving ARMs increased to 7.8% of total mortgage applications.”One notable trend is that the ARM share has reached its highest level for the year at 7.8 percent,” Mike Fratantoni, senior vice president and chief economist for the Mortgage Bankers Association (MBA), said in a release. “Prospective homebuyers are looking…

Check out the companies making headlines in midday trading: Apple — Shares ticked up roughly 2% ahead of the iPhone maker’s second-quarter results due after the closing bell. Peloton — Shares dropped 13% after the exercise equipment company announced Thursday that CEO Barry McCarthy will be stepping down and that the company will lay off 15% of its staff, or about 400 employees, to “bring its spending in line with its revenue.” Peloton’s fiscal third-quarter results also missed Wall Street’s earnings and revenue expectations. Qualcomm — Shares rose more than 9% after the chipmaker on Wednesday posted $2.44 per share…

Wall Street reacted Thursday to this week’s Fed meeting, with forecasts scattered across a range of outcomes for where monetary policy heads next. Most economists for the biggest forecasting firms expect the central bank to lower benchmark interest rates sometime later this year. But the outlooks ranged from one cut to four, with most saying that only time will really tell how much the rate-setting Federal Open Market Committee can take its foot off the brake. “The May FOMC meeting was mostly uneventful but dovish overall,” Goldman Sachs economist David Mericle said in a client note that underscored the uncertainty…

Scott Sheffield, founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its allies to inflate prices, federal regulators alleged on Thursday. The Federal Trade Commission said Sheffield, then CEO of Pioneer Natural Resources, exchanged hundreds of text messages discussing pricing, production and oil market dynamics with officials at the Organization of the Petroleum Exporting Countries, or OPEC, the oil cartel led by Saudi Arabia. Regulators say Sheffield used WhatsApp conversations, in-person meetings and public statements to try to “align oil production” in the Permian Basin in Texas with that of OPEC and OPEC+, the wider group…