Author: Press Room
If you’ve opted into your employer’s Roth 401(k) after-tax matching contributions this year, it could trigger a tax surprise without proper planning, experts say. Enacted in 2022, Secure 2.0 ushered in sweeping changes for retirement savers, including the option for employers to offer 401(k) matches in Roth accounts. These accounts are after-tax, meaning employees pay upfront taxes but growth and withdrawals in retirement are tax-free. Previously Roth 401(k) matches went into pretax accounts.Roughly 12% of employers with 401(k) plans said they are “definitely” adding the feature and 37% are “still considering it,” according to a recent survey from the Plan Sponsor Council…
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. University presidents have to wear a lot of hats, much like a CEO. There’s the day to day admin, the glad-handing of donors, and, crucially, keeping internal fires from becoming public, violent conflagrations. That last one is a public relations lesson, one on which Columbia’s president might need a refresher. See here: To understand why so many college campuses suddenly have students occupying parts of their campuses, you have to go back to two weeks ago, on April…
DropsTab, a pioneering cryptocurrency information platform, has received a strategic investment from DWF Labs, the new generation Web3 investor and market maker. Announced today, this strategic investment establishes DWF Labs as the lead investor.London, May 2024 In a strategic move that sets the stage for unprecedented growth in the crypto data sector, DropsTab has secured a landmark investment from DWF Labs, a global leader in digital asset market making and Web3 investments. This partnership heralds a new era for DropsTab, poised to significantly advance the development of its operations, facilitate Web3 integration on its platform, and enhance its flagship product,…
Theodorus Struyck reps a group that won the second-largest Powerball jackpot ever.The $1.765 billion jackpot is worth $774.1 million in a lump sum before taxes. The 65-year-old grandfather hails from a small town north of Los Angeles. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Lottery officials finally named one of the winners of a $1.765 billion jackpot, after the ticket had remained unclaimed since October.Theodorus Struyck, 65, represents a group of winners, according to the California Lottery.Struyck is a grandfather and fishing lover who was described as “really…
TikTok’s parent company, ByteDance, saw a 60% revenue increase in 2023, Bloomberg reported.TikTok has driven ByteDance’s recent success, allowing it to break into global e-commerce markets.This growth came as Congress debated, and then passed, a bill that could ban TikTok in the US. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Revenue to ByteDance, TikTok’s parent company, grew by about 60% last year, blowing its competition out of the water.The company’s earnings jumped from $25 billion in 2022 to $40 billion in 2023, Bloomberg reported.That success was powered…
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…
