Author: Press Room

Rexel S.A. (OTCPK:RXLSF) Q1 2024 Results Conference Call April 30, 2024 2:00 AM ET Company Participants Guillaume Texier – Group Chief Executive OfficerLaurent Delabarre – Group Chief Financial Officer Conference Call Participants Martin Wilkie – CitiAkash Gupta – JPMorganDaniela Costa – Goldman SachsPhilip Buller – BerenbergAlexander Virgo – Bank of AmericaWilliam Mackie – Kepler CheuvreuxAndre Kukhnin – UBSEric Lemarie – CICMiguel Borrega – BNP Paribas Guillaume Texier Good morning to everyone, and thank you for joining us today for our First Quarter 2024 Sales Conference. Thank you also for making yourselves available earlier than usual. In addition to issuing our…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Former Binance chief executive Changpeng Zhao has been sentenced to four months in jail after pleading guilty to failing to establish adequate money laundering controls at the world’s largest cryptocurrency exchange.The 47-year-old, known in the crypto world as CZ, surrendered to US authorities in November. He agreed to resign as head of Binance, which he founded in 2017, while the exchange paid $4.3bn for failing to halt transactions that financed terrorist groups Hamas and al-Qaeda and sanctioned entities in Iran and Russia,…

Former President Donald Trump continued on Tuesday to criticize the judge presiding over his Manhattan criminal trial, Juan Merchan, this time complaining that Merchan was not allowing him to invoke the advice he claims he was given by lawyers. Criminal defendants sometimes employ an “advice of counsel” defense to try to demonstrate that they had not intended to break the law. “Here, I’m not even allowed to say ‘advice of counsel.’ This is a new one to me, ‘advice of counsel,’” Trump told reporters outside the courtroom. “When you have a lawyer and the lawyer does something or advises you on something, you…

Amid deeply troubling public employee recruitment and retention challenges, the Alaska Senate recently passed a bill to return public employees to a defined benefit pension plan. This would reverse a 2005 decision that closed Alaska’s two statewide pension plans to new hires. I’m in Alaska this week meeting with stakeholders and sharing the findings from a recent NIRS report requested by the Alaska Department of Education on teacher recruitment and retention as the legislative session quickly approaches its 2024 conclusion. Over the course of this week, I intend to share my observations from what are proving to be highly interesting…

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 7.125% as of April 2, which is 0.125 percentage points higher than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is also 0.125 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea…

President Joe Biden’s new student debt elimination proposal would bring relief for millions more Americans, but a Penn Wharton Budget Model (PWBM) analysis shows it could add another $84 billion to an already costly plan. The Biden Administration released a formal proposal to provide student debt relief to over 30 million borrowers. The new plan also proposes to eliminate accrued interest for 23 million borrowers and automatically discharge debt for borrowers eligible for loan forgiveness under SAVE, closed school discharge or other forgiveness programs, even if not enrolled. Additionally, student debt for borrowers who entered repayment for 20 or more years would be discharged.…

Some of America’s best-known corporations are saying their consumers are being pinched by inflation as prices continue rising.Inflation has dominated corporate America’s discourse over the past three years following the pandemic-induced easing of monetary policy and trillions of dollars in Covid relief. Though the pace of price growth has cooled since the Federal Reserve began raising interest rates in early 2022, consumers are still feeling the squeeze — and often tightening purse strings — as costs continue climbing.”It is clear that broad-based consumer pressures persist around the world,” McDonald’s CEO Chris Kempczinski said on the fast food chain’s earnings call…

Check out the companies making headlines in midday trading. Eli Lilly — Shares added 5% after Eli Lilly, maker of the Mounjaro diabetes and weight loss drug, beat analysts’ expectations for first-quarter adjusted earnings. The Indianapolis-based drugmaker also lifted its full-year guidance for adjusted earnings and revenue. 3M — Shares jumped 4% after the maker of industrial products and adhesives posted earnings of $2.39 per share on revenue of $7.72 billion, topping analysts’ estimate of $2.10 per share on revenue of $7.63 billion, according to LSEG. PayPal — Shares gained 3.6% after the payment company posted $7.70 billion in first-quarter…

Walmart, the largest retailer in the United States, will close all 51 of its health care centers in six states and end virtual health care services, the company said Tuesday. Walmart had made a big push into health care in recent years, opening clinics next to its superstores that offered primary and urgent care, labs, X-rays, behavioral health and dental work — Arkansas, Florida, Georgia, Illinois, Missouri and Texas. Walmart believed it could use its massive financial scale and store base to offer convenient, low-cost services to patients in rural and underserved areas that lacked primary care options. But the…

Last updated: April 30, 2024 12:45 EDT | 2 min read Popular blockchain investigator PeckShieldAlert reported on April 30 that an address associated with the notorious Poloniex hacker transferred 501 BTC, valued at roughly $32 million, to three new wallet addresses. The move appears to be an attempt to conceal the origin of the stolen funds.Poloniex Hacker Continues Efforts to Conceal FundsPeckShieldAlert revealed that the largest Bitcoin transaction executed by the Poloniex hacker involved the transfer of 486.62 BTC, approximately $30.8 million, to a single address.Two smaller amounts of 10 BTC and 5 BTC, valued at around $623,000 and $316,000,…