Month: April 2022

Lifestylevisuals | E+ | Getty Images Adjustable-rate mortgages are making a comeback. With interest rates surging, more buyers are turning to ARMs, which offer lower initial rates than fixed-rate loans. However, after a certain period, the rate on the ARM adjusts to reflect current market conditions. “You have double the number of borrowers out there
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In this article VRRM Thomas Winz | The Image Bank | Getty Images Company: Verra Mobility (VRRM) Business: Verra Mobility operates through two segments: (i) Commercial Services: the market-leading provider of automated toll and violations management and title and registration solutions to rental car companies, fleet management companies, municipalities, school districts and violation issuing authorities;
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In this article BRK.A Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.” Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages. “Wall Street makes money, one
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In this article BRK.A Warren Buffett Gerry Miller | CNBC Warren Buffett’s Berkshire Hathaway reported Saturday a decline in first-quarter earnings, as the conglomerate was not immune to a slowing U.S. economy. The company’s net earnings came in at $5.46 billion, down more than 53% from $11.71 billion in the year-earlier period. Berkshire’s operating earnings
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A first of its kind inclusive complex, the RWJBarnabas Health Field of Dreams, will open Saturday in Toms River, New Jersey. The grand opening of the $3.6 million facility comes after nearly five years of planning and pandemic-related delays and challenges. The Toms River complex will focus on serving children with physical and social disabilities.
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Hello World’s host Ashlee Vance traveled to Moscow and got a rare glimpse into the heart of Russia’s hacker underworld and the latest techniques in investigating cybercrime. #BloombergHelloWorld Watch the full episode of ‘Hello World: Russia’: https://www.youtube.com/watch?v=tICL-lwI7KM Read more about FindFace on Bloomberg.com: http://bloom.bg/2h1VPSy Like this video? Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg?sub_confirmation=1 And subscribe
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Getty Images If you’re eligible for health savings account contributions, you can deposit more money starting in 2023, thanks to an inflation adjustment from the IRS. In 2023, you can save up to $3,850 with an individual health insurance plan, up from $3,650 in 2022, the IRS announced Friday. And you can soon contribute up
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Ipggutenbergukltd | Istock | Getty Images Despite the pandemic, most Americans still feel optimistic about a comfortable retirement, but inflation is the top concern among those who aren’t as prepared. That’s according to the Employee Benefit Research Institute and Greenwald Research 32nd annual Retirement Confidence Survey polling 2,677 workers and retirees in January. “Even with
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In this article BRK.A Berkshire Hathaway Annual Shareholder Meeting signage in Omaha, Nebraska, April 29, 2022. David A. Grogan | CNBC Berkshire Hathaway shareholder meeting’s pregame is nothing short of an extravaganza. Thousands of Berkshire shareholders flocked to Omaha, Nebraska this weekend for the annual meeting Saturday. Before hearing from Warren Buffett and Charlie Munger,
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In this article INTC Intel shares fell 4% in extended trading on Thursday after the chipmaker issued a lower-than-expected forecast for its fiscal second quarter. Here’s how the company did: Earnings: 87 cents per share, adjusted, vs. 81 cents as expected by analysts, according to Refinitiv. Revenue: $18.35 billion, vs. $18.31 billion as expected by
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Loading chart… Johnson Controls International Plc: “It’s just very cheap.” Loading chart… Star Bulk Carriers Corp: “The way this stock is priced, the dividend’s going to be cut. I don’t know if that’s the case. … This is what I almost would call too good to be true.” Loading chart… Principal Financial Group Inc: “I
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Luis Alvarez | Digitalvision | Getty Images The surge in worker pay that was a key feature of the 2021 labor market showed signs of fading early this year, as businesses’ demand for workers has moderated a bit from last year’s record levels. Wages and salaries in the private sector grew by 5% in the
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