Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sir Keir Starmer’s Labour party is heading for a massive majority of about 170 seats at the UK general election, according to a national exit poll that indicated Rishi Sunak’s Conservatives will crash out of office after 14 years.The poll on Thursday night suggested Starmer will become prime minister with 410 seats out of 650 in the House of Commons while Sunak’s party is facing the worst result in its history, with just 131 seats.The result is momentous for Britain and will…

Adult son of a real estate investor began to notice that his father, Wealthy Dad (WD), was slipping. WD was becoming forgetful. He had purchased a lot of real estate in his younger days, and owned eight single family houses in one of the most expensive markets in the U.S. He gradually lost the ability to manage his rental homes and other investments. Adult son (AS) who was a successful professional, began to feel a sense of panic. Those houses were falling apart, he knew, but he did not realize how bad things had gotten. AS knew that the burden…

More bad news is on the horizon for Florida homeowners. On top of insurers pulling out of the state altogether, Florida’s state-created Citizen’s Property Insurance just voted to raise rates by 14% across the state. The board of governors for the insurance corporation voted unanimously earlier in June. Raising the rates by 14% is dangerously close to the maximum rate increase allowed by the state. Homeowners should be prepared to see their rates rise beginning next year, should the change officially take effect. Currently, this is just a recommended rate increase. The official increase still needs to be approved by the…

Student loan borrowers in the U.S. are taking their time resuming repayments after the last pandemic-related pause expired late last year. Repayments were paused for borrowers of federal student loans from mid-March 2020, when the COVID pandemic began, and remained in effect until Sept. 1, 2023, 3½ years after the repayment pause began.Data from the Department of Education shows that, as of the end of March of this year, almost 20 million borrowers have resumed making payments on their student loans, while roughly 19 million haven’t done so, leaving their accounts in a state of delinquency, default or otherwise paused…

American Express is acquiring yet another restaurant booking platform. It’s a potential gamechanger for cardholders in a world where nabbing a table at a popular restaurant feels like an impossible feat, thanks to an insurmountable number of bots and table resellers disrupting the market.  In major cities, securing a spot at a coveted restaurant can require booking weeks or even months in advance. More often than not, diners also have to know the precise moment when the reservation window opens.With American Express’ acquisition of reservation, table and event management technology provider Tock, announced last week, the company will effectively increase…

Watch full video on YouTube

Watch full video on YouTube

This is my first time covering ResMed (NYSE:RMD), and I am allocating a Buy rating to the stock because I currently consider it to be potentially undervalued based on the long-term outlook the company is facing. I expect the investment to deliver a high level of short-term to medium-term alpha, and I forecast that it will beat the market over the next 10 years. While the company has faced short-term growth rate contractions, largely a result of supply chain disruptions and macroeconomic slowdowns, this has caused market pessimism and opened up an opportunity where the stock is currently trading 36.4%…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Britain will go to the polls on Thursday with Sir Keir Starmer predicted to win power in a historic Labour landslide, leaving Rishi Sunak’s Conservative party facing one of the worst defeats in its history.A series of opinion polls suggested Starmer was on course to win a House of Commons majority of more than 200 — beating Sir Tony Blair’s 179 majority in 1997 — and giving Labour its first general election victory since 2005.Polling stations open at 7am and close at…

Those online senior living referral services are getting a lot of attention these days. And not in a good way. The chair of the U.S. Senate Aging Committee has begun an investigation into assisted living referrals by A Place for Mom, one of the biggest commercial advice outfits. At the same time, more states are requiring firms to publicly disclose their financial arrangements with the facilities they recommend. The business model for most of these companies is simple: They steer users to senior living or other service providers that pay them, generally without regard to quality. In some cases, they…