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David Beckham told a Davos panel that he works hard to set an example for his children.He retired from soccer in 2013 with vast wealth — reported at the time to be £165 million ($202 million).He is now far wealthier, the owner of a football club with multiple brand deals.David…
By David Shepardson WASHINGTON (Reuters) – A U.S. appeals court ruled on Thursday the Federal Communications Commission did not have legal authority to reinstate landmark net neutrality rules. The decision is a blow to the outgoing Biden administration that had made restoring the open internet rules a priority. President Joe…
By Julia Payne and Robert Harvey LONDON (Reuters) – Global commodity trading house Trafigura saw a sharp drop in its earnings for 2024 and has revised down its equity and profits for previous years after it discovered a billion-dollar oil fraud in Mongolia, the company said on Friday. Earnings dropped…
Andre Nader found himself in a financial hole after losing money trading options.He shifted his investment strategy and started buying low-cost index funds.He owns various Fidelity and Vanguard index funds, including VTI and VXUS.Andre Nader lost a good chunk of money in the stock market in his early 20s.”I used…
Herbalife Ltd. (NYSE:) reported steady performance in its Third Quarter 2024 Earnings Conference Call, meeting net sales guidance with $1.2 billion and surpassing expectations with an adjusted EBITDA of $167 million. The company also made significant strides in reducing its debt and improving its leverage ratio, while reporting growth in…
Orchid Island Capital (NYSE: NYSE:) reported a net income of $0.24 per share for the third quarter of 2024, signaling a substantial recovery from the previous quarter’s loss. Despite a slight decline in book value, the company showed a positive total return and increased dividends. The earnings call revealed strategic…
Regions Financial Corporation (NYSE: NYSE:) reported strong third-quarter earnings for 2024, with net income of $446 million and earnings per share of $0.49. The company saw growth in both net interest income and fee revenue, but noted cautious optimism among corporate customers due to economic uncertainty. Key Takeaways: • Total…
Mercantile Bank (NASDAQ:) Corporation (NASDAQ: MBWM) reported a net income of $19.6 million ($1.22 per diluted share) for the third quarter of 2024, down from $20.9 million ($1.30 per diluted share) in the same period last year. The bank’s loan-to-deposit ratio improved to 102% as of September 30, 2024, down…
JPMorgan Chase (NYSE: NYSE:) reported a net income of $12.9 billion for the third quarter of 2024, with earnings per share (EPS) of $4.37 and total revenue of $43.3 billion, marking a 6% year-on-year increase. Key Takeaways:• Net income: $12.9 billion • EPS: $4.37 • Total revenue: $43.3 billion (6%…
Fastenal Company (NASDAQ: NASDAQ:) reported a 3.5% increase in net sales and a 1% rise in earnings per share to $0.52 in its Q3 2024 earnings call. The industrial supply company’s daily sales rate grew by 1.9%, despite disruptions from Hurricane Helene.Key Takeaways • Net sales increased by 3.5% year-over-year…
