Author: Press Room

Deal Overview On April 11, 2023, Carrier Global CARR Corp. (NYSE: CARR, $44.30, Market Capitalization: $37.0 billion), a leading global provider of healthy, safe, sustainable, and intelligent building and cold chain solutions, announced that it is exploring strategic alternatives for its Fire & Safety business unit. According to the article by Wall Street Journal, the Company is working on a plan to sell or spin-off its Fire & Security business segment. As of now, it has been reported that the process is in an early stage, and there is no guarantee the Company will follow through. Carrier will continue to…

We last visited Treasury’s proposed regulations for captive insurance companies in my article U.S. Treasury Department Issues Proposed Regulations To Finally Eviscerate Microcaptive Tax Shelters (April 11, 2023). In less than a week, this has set off a considerable discussion within the captive insurance sector as to the effect, if any, the regulations may have on ordinary small captive insurance companies that have elected treatment under Internal Revenue Code section 831(b). This requires a deeper dive into the proposed regulations, and so today we will look with more precision at what the proposed regulations permit or allow. For any of…

In 2019, before the pandemic, older adults constituted the lion’s share of the travel market. However, when Covid hit, that number plummeted. Because we knew early on that older adults were more vulnerable to this plague, many put their travel plans on hold. Fear, coupled with the freedom of choice that most older adults possess, culminated in a precipitous drop – to 16% in 2020. Today, however, the share of travelers over 60 years of age has more than doubled over the 2020 numbers. These older travelers account for the largest travel demographic ever, continuing a trend that had started…

With all the failed companies and pay disputes, orders to repay compensation are more common than you might think. Sometimes, it is simply a signing bonus that you did not earn because it was conditioned on you staying with your employer for a minimum period. But there may be other reasons for returning pay too, such as legal violations. How pay clawbacks are treated by the IRS varies with timing and other details. Reducing pay that has not yet been made is easy. The exec simply is paid less, and the taxes follow with reporting of the actual amount paid…

When companies like Related and Hines jump on a trend, you know it’s big. That’s what’s taking place from sea to shining sea as these major developers and others leap in to create luxury senior living properties in the heart of major U.S. cities. Simple demographics are the reason. Experts predict the global population of folks 60 and older will double to 2.1 billion by 2050, and the number of U.S. seniors to almost double to 84 million by the same year. Many of these oldsters have no intention of leaving their big-city lifestyles behind in retirement. Late last year,…

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. Based on data compiled by Credible, mortgage rates for home purchases have risen across all key terms since last Friday. Rates last updated on April 17, 2023. These rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000 Trustpilot reviews with an…

With budgets strained, some Americans are embracing risky financial behaviors to make ends meet, a recent survey said. High inflation and interest rates pushed 35% of Americans to drain cash or consider draining cash from emergency savings and 26% have skipped or are considering becoming delinquent on their credit cards, loans or other debt, according to a survey from fintech company Achieve.When broken down by generation, Gen Z and Millennials were most likely to consider higher-risk options, the survey said.  Twenty-eight percent of Gen Z have already or are considering bankruptcy as an option to deal with rising costs. Additionally, 39%…

Accounting firms are facing a significant staffing shortage.Between the long hours, stressful deadlines and unflattering stereotype, more people are quitting the profession then going into it.Instead, students straight out of college are choosing to pursue careers in related fields like investment banking, consulting or data analysis. The additional credit hours required to earn a Certified Public Accountant (CPA) license don’t help either.To tap the next generation of number crunchers, The Deloitte Foundation, a national nonprofit that supports teaching, research and curriculum innovation in accounting and business, is trying a new strategy to address the talent pipeline problem — by appealing…

Apple on Monday launched its Apple Card savings account with a 4.15% annual percentage yield. It requires no minimum deposit or balance, Apple said, and users can set up an account from the Wallet app on their iPhones.The company said in a blog post that once a user sets up a savings account, all of the Daily Cash that is earned from then on will automatically be deposited there. Daily Cash is the Apple Card reward program that offers up to 3% back on purchases. Users can change where their Daily Cash is deposited at any time, and they can…

McDonald’s, which has been focusing on upgrading its core items to boost sales, is rolling out a series of changes designed to improve its signature burgers. Buns will be softer. Cheese, gooier. Onion will be added to patties right on the grill. And the Big Mac sauce? There will be more of it. “We found that small changes, like tweaking our process to get hotter, meltier cheese and adjusting our grill settings for a better sear, added up to a big difference in making our burgers more flavorful than ever,” said chef Chad Schafer, senior director of culinary innovation of…