Author: Press Room

Stay informed with free updatesSimply sign up to the Chinese economy myFT Digest — delivered directly to your inbox.China’s lawmakers will begin a week-long session on Monday that is expected to approve the country’s largest fiscal package since the pandemic to boost confidence in the world’s second-largest economy. Beijing has yet to indicate the scale of the measures, but finance minister Lan Fo’an last month promised it would help resolve some of the trillions of dollars of debt weighing down China’s cash-strapped local governments.Analysts believe China needs to spend up to Rmb10tn ($1.4tn) over three years to help reflate an…

The Centers for Medicare and Medicaid Services is notifying almost 950,000 Medicare beneficiaries that their personally identifiable information was compromised in late May 2023. In a press release, CMS reported details of the situation. Here’s a Readers Digest summary. In May 2023, Wisconsin Physicians Service identified a vulnerability in its system for transferring files. WPS applied a patch and didn’t think any personal information had been exposed. However, in July of this year, WPS determined that some of the files contained personal information and notified CMS. “Some” turned out to be 946,801 current Medicare beneficiaries. Information exposed included name, Social…

Start Time: 10:00 January 1, 0000 11:33 AM ET Larsen & Toubro Limited (OTC:LTOUF)Q1 2025 Earnings CallOctober 30, 2024, 10:00 AM ET Company Participants Parameswaran Ramakrishnan – Head, IR Conference Call Participants Mohit Kumar – ICICI SecuritiesSumit Kishore – Axis CapitalAditya Bhartia – InvestecAmit Mahawar – UBSPriyankar Biswas – BNP Paribas ExaneParikshit Kandpal – HDFC SecuritiesNidhi Shah – ICICI SecuritiesPulkit Patni – Goldman SachsBharanidhar Vijayakumar – Avendus SparkNikhil Nigania – BernsteinShrinidhi Karlekar – HSBC Operator Ladies and gentlemen, good day and welcome to the Larsen & Toubro Limited Q1 FY’25 Earnings Conference Call. [Operator Instructions]. I now hand the conference…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseKamala Harris leads among likely voters in Iowa, a state Donald Trump won by more than eight points four years ago, according to a closely watched poll that suggests women voters in the Midwest could be driving a late surge in support for the Democratic vice-president.A Des Moines Register/Mediacom Iowa poll out late Saturday showed Harris leading Trump in the Midwestern state 47 per cent to 44 per cent just days before the election. Iowa, which holds the caucuses…

Blended Families May Be At Greater Risk For Family Disputes Sometimes money and the need to care for aging parents can bring out the worst in people. This can happen in blended families with aging parents. When the adult children are faced with issues over their aging parent in common, some siblings feel entitled to different treatment because they are not step-children. Sometimes all the step-siblings get along, but things can change when the elders’ needs increase, creating demands for new responsibilities. We see many instances of these conflicts at AgingParents.com, where we advise families with age-related issues. Whose responsibility…

Alamo Group Inc (NYSE:ALG) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Edward Rizzuti – Executive Vice President, General Counsel and SecretaryJeff Leonard – President and Chief Executive OfficerAgnes Kamps – Executive Vice President, Chief Financial Officer, and Treasurer Conference Call Participants Mike Shlisky – D.A. DavidsonChris Moore – CJS SecuritiesMig Dobre – BairdGreg Burns – Sidoti & Company Operator Good day, and welcome to the Alamo Group Inc. Third Quarter 2024 Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After today’s presentation, there will be an opportunity to ask questions. [Operator…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK Prime Minister Sir Keir Starmer has sought to reassure nervous markets that his government will not become addicted to tax and spend after this week’s Budget, as he promised to carry out tough reforms to Britain’s “creaking” state.Writing in the Financial Times after Labour’s first Budget in 14 years sparked a bond market sell-off, Starmer attempted to dispel fears that he would rely on more tax raises and borrowing to fund public services.“Just as we cannot tax and spend our way…

The IRS has announced that the amount of tax-favored funds that you can sock away for retirement is increasing. In 2025, the amount most individuals can contribute to their 401(k) plans will tick up to $23,500—it was $23,000 for 2024. The announcement is tied to cost‑of‑living adjustments for pension plans and other retirement-related items for tax year 2025 (those adjustments are required by law). Here’s a look at some of the most common plans and what will be different next year: 401(k) and Similar Plans As noted, the amount individuals can contribute to their 401(k) plans is $23,500—that limit applies…

AXT, Inc. (NASDAQ:AXTI) Q3 2024 Earnings Call Transcript October 31, 2024 4:30 PM ET Company Participants Leslie Green – Investor Relations, Green Communications Consulting, LLCMorris Young – Chief Executive OfficerGary Fischer – Chief Financial OfficerTim Bettles – Vice President of Business Development Conference Call Participants Richard Shannon – Craig Hallum Operator Good afternoon, everyone. And welcome to AXT’s Third Quarter 2024 Financial Conference Call. Leading the call today from China is Dr. Morris Young, Chief Executive Officer; and Gary Fischer, Chief Financial Officer. In addition, Tim Bettles, AXT’s Vice President of Business Development will be participating in the Q&A portion…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apple gave cautious guidance for the crucial holiday quarter on a call with investors, as uncertainty over how a staggered rollout of its new AI features will translate into sales of iPhones and other devices complicated otherwise solid quarterly results.The outlook for revenue growth in the low to mid-single-digits in the current quarter fell just short of the high end of Wall Street’s expectations, and the shares dropped 1.9 per cent on Thursday in after-hours trading.Consensus estimates ahead of the call predicted…