Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Elon Musk has backed down and complied with a Brazilian judge’s orders that he appoint a legal representative for X, according to court documents, paving the way for the restoration of the social media site in the country following a weeks-long ban.X was banned in Brazil late last month amid an escalating feud between the billionaire and Supreme Court justice Alexandre de Moraes, who had demanded the site remove accounts linked to far-right individuals and groups.Musk refused to do so and shuttered…
Many retirees are finding that retirement isn’t all it’s cracked up to be, and they’re returning to work in some way. In fact, the number is in the millions, as indicated by the results of a recent survey of retirees conducted by T. Rowe Price. They report that 1.5 million retirees had reentered the workforce as of March 2022, following a retirement during the pandemic. As a result of this development, “unretirement” has been added to the retirement lexicon as a phenomenon in the ever-evolving world of retirement strategies. Let’s dig into the details to see if unretirement might make…
This article was written byFollowMore than 5 years of experience in equity analysis in LatAm. We provide our clients with in-depth research and insights to help them make informed investment decisions.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha’s…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The head of Boeing’s defence business is leaving the company after years of losses from fixed-price contracts and a high-profile debacle with its space capsule that left two astronauts in space.Chief executive Kelly Ortberg said in a memo to employees on Friday that Ted Colbert, who has run Boeing’s Defense, Space & Security arm since 2022, would depart the company “effective immediately”. A Boeing spokeswoman said Colbert was opting to leave.Colbert’s exit is the first change in the company’s executive ranks since…
More and more households led by someone age 55 or older have debt, according to recent research from the Employee Benefits Research Institute (EBRI). In 1992, 53.8% of older households had debt. But the percentage steadily increased from 1998 through 2019 before dropping a little from 2019 to 2022, the latest year for which data is available. In 2022, 66.8% of older households had debt. Overall, the older the head of the household is the less likely the household is to have debt. In 2022 in families in which the head was 55-64, 77.2% had debt. That drops to 64.8%…
Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation. Although mortgage rates have started to decline some in recent months, the housing market has been largely stalled as would-be buyers and sellers remain on the sidelines, waiting for a more significant decline.So will the Federal Reserve’s larger-than-expected 50-basis-point rate cut on Wednesday make any difference for mortgage rates? Last week, mortgage rates fell to their lowest levels in more than 18 months, with the average 30-year fixed rate note…
This article was written byFollowLong Player believes oil and gas is a boom-bust, cyclical industry. It takes patience, and it certainly helps to have experience. He has been focusing on this industry for years. He is a retired CPA, and holds an MBA and MA. He leads the investing group Oil & Gas Value Research. He looks for under-followed oil companies and out-of-favor midstream companies that offer compelling opportunities. The group includes an active chat room in which Oil & Gas investors discuss recent information and share ideas. Learn more.Analyst’s Disclosure: I/we have a beneficial long position in the shares…
Activist investor Politan Capital said it won two seats on the board of the $6bn medical device company Masimo on Thursday, the latest twist in a gruelling two-year boardroom battle that ranks among one of the costliest in history.Masimo’s founder and chief executive Joe Kiani and another director lost their seats to two candidates put forward by activist investor Quentin Koffey, according to a preliminary vote count by Politan’s advisers. “While each of us is independent and brings our own unique perspectives, we are united in our enthusiasm for Masimo’s future,” Politan’s four directors, who now control a majority, said in…
Thirty-five years ago, Ken Dychtwald, PhD, wrote a landmark book, Age Wave. It was a thoughtful and well researched analysis on the impact of the baby boom population on the U.S. Dr. Dychtwald (Ken) went on to write many more books (19 in all) about the aging of America, but in this writer’s opinion, Age Wave offered us a seminal work and a prescient look at how the baby boomers, the biggest American population cohort ever, would change our country and the world – in ground-breaking and sometimes heartbreaking ways. After the book became a bestseller, Dr. Dychtwald formed a…
Mortgage rates declined again this week, sparking a subtle boost in demand for purchase and refinance applications. Still, many buyers continue to hold off on making a move while waiting for steeper cuts, as fresh data shows existing home sales eased in August from the month before.Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage dropped to 6.09%, down from the 6.20% reading of the past two weeks. The average rate on a 30-year loan was 7.19% a year ago. The latest drop in rates comes after the Federal Reserve…
