Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israel launched strikes on Iran in the early hours of Saturday, hitting targets in Tehran, in the latest salvo in an escalating conflict between the regional rivals that has stoked fears of an all-out war in the Middle East.Israel’s military offered few details about the attacks, other than describing them as “precise” and aimed at “military targets in Iran”.“Our defensive and offensive capabilities are fully mobilised,” Israel Defense Forces spokesperson Daniel Hagari said. “We will do whatever necessary to defend the State…
The whole point of retirement is to improve your life—at least, that’s the case for most people. However, many people assume that if they stop working, their life will somehow magically be better. While not working does give you time and energy to pursue your goals and interests, you’ll need to do more work to design a life that can help you be fulfilled and happy in your retirement years. To help you design the life you want in retirement, ask yourself five probing questions: the who, what, where, when and why. Let’s take a look. Who Do You Want…
Carlisle Companies, Inc. (NYSE:CSL) Q3 2024 Earnings Conference Call October 24, 2024 5:00 PM ET Company Participants Mehul Patel – Vice President, Investor RelationsChristian Koch – Chair, President and Chief Executive OfficerKevin Zdimal – Vice President and Chief Financial Officer Conference Call Participants Timothy Wojs – BairdSaree Boroditsky – JefferiesSusan Maklari – Goldman SachsDavid MacGregor – Longbow ResearchBryan Blair – OppenheimerAdam Baumgarten – ZelmanGarik Shmois – Loop Capital Operator Good afternoon. My name is Nicole, and I will be your conference call operator for today. At this time, I would like to welcome everyone to the Carlisle Companies Third Quarter…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A US judge has blocked the $8.5bn deal between Tapestry and Capri that would have put some of America’s largest fashion brands under one roof, in a big win for antitrust regulators. Judge Jennifer Rochon’s ruling on Thursday freezes the deal — which would have combined brands including Michael Kors, Kate Spade and Coach — while the Federal Trade Commission conducts its own internal proceedings.Capri’s stock plunged after the ruling, falling more than 50 per cent in after-market trading. Tapestry’s stock rose…
Most people at or near retirement age will say they want to remain at home as long as possible. That means not going to a care home of any kind “with all those old people”. It sounds fine when one is 65 or so and in reasonably good health. But of course, aging takes its toll. Over time, when the person is in their 80s, aging in place can become an unrealistic challenge. What We Don’t Like To Recognize No one wants to admit that we are losing independence. Research tells us that at least a third of us are…
Mortgage rates continued their upward trajectory this week, climbing for a month straight while further pushing down demand in the stalled housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.54% from last week’s reading of 6.44%. The average rate on a 30-year loan was 7.79% a year ago. “The continued strength in the economy drove mortgage rates higher once again this week,” said Sam Khater, Freddie Mac’s chief economist. “Over the last few years, there has been a tension between downbeat economic narrative and incoming…
The Consumer Financial Protection Bureau (CFPB) on Wednesday ordered Apple and Goldman Sachs to pay $89 million over mishandled transaction disputes and misrepresentations that impacted hundreds of thousands of Apple Card users. The CFPB found a breakdown in how customer service for the Apple Card handled consumer disputes, as Apple failed to send tens of thousands of disputes to Goldman Sachs and when it did send them, the bank failed to abide by federal requirements for investigating the disputes. The agency noted that the companies launched Apple Card despite warnings by third parties about technological issues with the Apple Card disputes system. That…
Mattel, Inc. (NASDAQ:MAT) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Jenn Kettnich – VP, IRYnon Kreiz – Chairman and CEOAnthony DiSilvestro – CFO Conference Call Participants Arpine Kocharyan – UBSMegan Alexander – Morgan StanleyDrew Crum – StifelStephen Laszczyk – Goldman SachsJim Chartier – Monness, Crespi, and HardtChristopher Horvers – JPMorganKylie Cohu – JefferiesAlex Perry – Bank of AmericaLinda Bolton-Weiser – D.A. DavidsonJaime Katz – MorningstarJames Hardiman – CitiFred Wightman – Wolfe Research Operator Thank you for standing by, and welcome to the Mattel, Inc. Third Quarter 2024 Earnings Conference Call. All lines have been…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseThe US Department of Justice has warned Elon Musk’s political action committee it may be violating federal law after the world’s richest man pledged to award $1mn a day to registered voters who sign a petition.The DoJ notified America Pac that the prizes Musk hands out to registered voters may flout US law, which bars paying individuals to register to vote, said a person familiar with the matter.The billionaire entrepreneur and Tesla chief executive, who has become an ardent…
The upcoming election is only days away, and the two presidential candidates remain in a statistical dead heat. Control of the U.S. Congress seems likely to be narrow as well, with either party having a chance to win control. Clearly, the electorate is deeply divided, and it is increasingly rare to find issues that transcend party lines. According to Gallup, polarization between Republicans and Democrats on social and policy matters has surged significantly in the past two decades. But amidst this political division, Americans are notably united in concerns about their economic security in retirement. In fact, a recent nationwide…
