Month: July 2022

China’s President Xi Jinping waves after his speech following an inauguration ceremony for the city’s new leader and government in Hong Kong on July 1, 2022, on the 25th anniversary of the city’s handover from the UK to China. Selim Chtayti AFP | Getty Images According to veteran investor David Roche, President Xi Jinping will have to face several of China’s biggest economic challenges after securing an unprecedented and long-awaited third term. Roche said Xi will most likely “navigate” his confirmation as China’s top party chief at the next meeting of the National Congress, which lays the groundwork for securing…

COLUMBUS, Ohio–(BUSINESS THREAD)–Bread Financial Holdings, Inc. (NYSE: BFH), a technology-advanced financial services company that provides simple and personalized payment, lending and savings solutions, today announced its second quarter 2022 financial results. All earnings-related materials are now available on the company’s investor relations website, here. Bread Financial President and CEO Ralph Andretta and CFO Perry Beberman will hold a conference call at 8:30 am. EDT today to discuss the results. The conference will be available at the company investor relations websiteand a replay will also be available after the call. About Bread Financial™ Financial breadTM (NYSE: BFH) is a technology-advanced financial…

Although borrowing will be more expensive, these higher interest rates will reward savers. Still, it may take some time before those yields compete with inflation. “Inflation has to come down a lot before those higher savings rates really shine,” McBride said. However, it is a good idea to set aside emergency cash. Experts generally recommend spending at least three to six months, depending on your situation. “This is a decision based on your need for liquidity and your broader financial goals,” McBride said. Online savings accounts Online savings accounts started the year with rates around 0.5% and are now above…

State educators gathered this week to attend a financial literacy program at WVU, with the goal of educating more students about topics such as financial planning and tax management. Amy Pridemore, director of WVU’s Center for Financial Literacy and Education, said many students may not be learning about finances at home. “It’s really important for us to be able to educate students in the classroom because they’re not getting that education at home,” Pridemore said. “It’s usually been a taboo topic to talk about personal finances or finances at the dinner table.” For the past 20 years, the University has…

WILMINGTON, Mass.–(BUSINESS THREAD)–Symbotic Inc. (Nasdaq: SYM), a leader in AI-enabled robotics technology for the supply chain, today announced that it will release its third quarter 2022 financial results after the market closes on Monday, August 1, 2022. The press release also will be available from Symbotic Investor Relations. website: www.ir.symbotic.com. The press release will be followed by a webcast hosted by Symbotic senior management at 5:00 pm ET on the same date. Audience members who wish to listen to the live webcast must register at to get a personal access code. For those unable to listen to the live broadcast,…

NEW YORK–(BUSINESS THREAD)–Lazard Ltd (NYSE: LAZ) today announced that Mary Ann Betsch will join the company as Chief Financial Officer (CFO), effective October 3rd. He succeeds Evan L. Russo, who has served as CFO since 2017, and who became CEO of Lazard’s asset management business on June 1, 2022. “With more than two decades of relevant financial services experience, Mary Ann has the financial and strategic acumen, leadership skills and knowledge of our business to serve as our company’s CFO and to lead our finance team said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. “She will enhance…

ELMER, NJ–(BUSINESS THREAD)–ELMER BANCORP, INC. (“Elmer Bancorp” or the “Company”) (OTC Pink: ELMA), the parent company of The First National Bank of Elmer (the “Bank”), announces its operating results for the three and six months ended June 30 of 2022. For the three months ended June 30, 2022, Elmer Bancorp reported net income of $509,000, or $0.44 per diluted average common share, compared to $530,000, or $0.46 per diluted average common share diluted during the three months ended June 30, 2021. For the six months. months ended June 30, 2022, net income was $820,000, or $0.71 per diluted average common…