Author: Press Room

OceanFirst Financial Corp. (NASDAQ:OCFC) Q3 2024 Earnings Conference Call October 18, 2024 11:00 AM ET Company Participants Alfred Goon – Senior Vice President, Corporate Development and Investor RelationsChristopher Maher – Chairman and Chief Executive OfficerJoseph Lebel – President and Chief Operating OfficerPatrick Barrett – Executive Vice President and Chief Financial Officer Conference Call Participants Frank Schiraldi – Piper SandlerDaniel Tamayo – Raymond JamesTim Switzer – KBWDavid Bishop – HovdeMatthew Breese – StephensManuel Navas – D.A. DavidsonChristopher Marinac – JMS Operator Good morning, and thank you all for attending the OceanFirst Financial Corp. Third Quarter ’24 Earnings Release Conference Call. My…

Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.The US is willing to provide up to $20bn as part of a G7 loan to Ukraine that will be repaid with profits generated by Russia’s frozen assets, according to three people familiar with the matter.The talks over the loan are accelerating as western officials want to provide funding to Kyiv before the end of the year, conscious that if Donald Trump wins the US election in November, Washington’s aid to Ukraine could be cut off.G7 countries have been locked in…

Many pre-retirees and retirees make serious mistakes regarding their retirement income and spending for living expenses. This is very understandable, since building sources of lifetime retirement income can be complicated and beyond someone’s skill set. Preparing retirement budgets can also be time consuming and frustrating. As a result, either you might spend too much, which increases your chance of running out money, or you’re very cautious and might spend less than you could have and miss out on fully enjoying your retirement. Let’s look at seven spending mistakes you might make and some strategies to address them. First, however, let’s…

Triumph Financial, Inc. (NASDAQ:TFIN) Q3 2024 Earnings Conference Call October 17, 2024 10:30 AM ET Company Participants Luke Wyse – Senior Vice President, Head of Investor RelationsAaron Graft – Founder, Vice Chairman and Chief Executive OfficerKim Fisk – Executive Vice President and Chief Operating Officer, Factoring DivisionMelissa Forman – Executive Vice President and President, TriumphPayTodd Ritterbusch – President, TBK Bank Conference Call Participants Joe Yanchunis – Raymond JamesMatthew Olney – StephensGary Tenner – D.A. DavidsonTimothy Switzer – KBWHal Goetsch – B. Riley Luke Wyse Good morning. It’s 9:30 in Dallas. So let’s get started. We’d like to open by thanking…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Donations to Harvard University fell 14 per cent in the fiscal year ending June 30, as large donors cut ties and prominent alumni in the financial industry criticised its administration over a botched response to protests around the Israel-Palestinian conflict.Overall gifts to the western world’s wealthiest university dropped to $896mn from $1.05bn a year ago, as outrage over campus protests led to the resignation of president Claudine Gay. The drop came exclusively in donations to the university’s endowment, where the very largest…

The man accused of perching behind a chain-linked fence bordering Donald Trump’s Florida golf course with a rifle, allegedly waiting for a clear shot at the former president, is asking the judge overseeing the case to recuse herself. Judge Aileen Cannon also presided over Trump’s classified documents case in Florida and ultimately decided to dismiss the case. Defense attorneys for Ryan Wesley Routh argued in a Thursday court filing that because of this and the potential for Trump, if he were to win the presidential election, to nominate Cannon to a higher court, the judge should recuse herself from the…

Since January 1, 2023, there has been a cap on insulin for Medicare beneficiaries. The cap applies to those who have Part D prescription drug coverage, whether through a stand-alone plan or as part of a Medicare Advantage plan. (The cap also applies to insulin administered via a pump under Part B, medical insurance.) Part D enrollees will pay no more than $35 for “an insulin that is included on a Part D sponsor’s formulary.” The plan’s deductible does not apply. The cost is the same at preferred or standard pharmacies Part D plans can add or remove medications from…

Mortgage rates continued their upward climb this week, further hindering demand in the housing market amid elevated rates and high home prices. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.44% from last week’s reading of 6.32%. The average rate on a 30-year loan was 7.63% a year ago. “The 30-year fixed-rate mortgage increased for the third consecutive week, moving closer to 6.5%,” said Sam Khater, Freddie Mac’s chief economist.  “In general, higher rates reflect the strength in the economy that is supportive of the housing market,”…

The Biden-Harris administration on Thursday announced another round of student loan handouts, removing $4.5 billion in debt for more than 60,000 borrowers who work in public service. The Department of Education said in a news release the relief came about from “significant fixes” to the Public Service Loan Forgiveness (PSLF) Program. The action brings the total loan forgiveness approved by President Biden to more than $175 billion for 4.8 million Americans, including $74 billion for more than one million borrowers through PSLF.”When President Biden and I took office, only 7,000 people had ever been approved for Public Service Loan Forgiveness.…

The National Football League’s Cleveland Browns are leaving the shores of Lake Erie.The Browns plan to leave their current open-air stadium in the city of Cleveland for a yet-to-be-built domed stadium in Brook Park, Ohio, according to a press release from Cleveland Mayor Justin Bibb that was later confirmed by the Browns owners.Jimmy and Dee Haslam, the principals of the ownership group that owns the Browns, notified Bibb of their plan to move on Wednesday night, according to Bibb. He announced the news in a scathing Thursday press release in which he called the Haslams’ choice “driven by a desire…