Author: Press Room

Virginia erroneously purged almost 3,400 voters from the state’s rolls, election officials said in the run-up to statewide elections on Tuesday.The administration of Gov. Glenn Youngkin, a Republican, had previously said that about 270 voters had been mistakenly removed from the rolls because of an error in the state’s computer system. The state’s admission on Friday that the problem was an order of magnitude larger than previously disclosed drew outcry from voting rights groups and the state’s Democratic Party.“The lack of transparency here is troubling,” said Aaron Mukerjee, the voter protection director for the Democratic Party of Virginia, adding that…

Retirement savings limits are increasing.getty The IRS says that the amount you can sock away for retirement is going up. In 2024, individuals can contribute up to $23,000 to their 401(k) plans in 2024—up from $22,500 for 2023. And those playing catch-up get a boost, too: the catch-up contribution limit for employees aged 50 and over is an additional $7,500 for 2024. The announcement was tied to cost‑of‑living adjustments for pension plans and other retirement-related items for tax year 2024. Here’s a look at some of the most common: 401(k) Plans The $23,000 limit applies to employee contributions made to…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Disney has agreed to acquire the 33 per cent of Hulu that it does not own from rival Comcast, firing the starting gun on what is expected to be heated negotiations between the media giants over the valuation of the popular US streaming service.In a statement on Wednesday, Disney said it was prepared to pay $8.6bn by December 1 for the remaining stake, which would value Hulu at $27.5bn. But that is expected to be just the floor for upcoming negotiations over…

By Douglas Gillison and Chris Prentice (Reuters) -The Federal Deposit Insurance Corporation (FDIC) is investigating potential misconduct by executives and board members of First Republic Bank (OTC:), raising the prospect of stiff penalties for the failed bank’s former bosses. “We can confirm a D&O probe into First Republic is taking place,” a spokesperson told Reuters on Wednesday, referring to the bank’s directors and officers. The regulator did not provide further details. The investigation, which has not previously been reported, is the third the FDIC has opened into bank failures earlier this year which cost the federal government’s deposit insurance fund…

© Reuters. FILE PHOTO: A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. REUTERS/Benoit Tessier/File Photo WASHINGTON (Reuters) -Boeing said on Wednesday it is investigating a cyber incident impacting elements of the company’s parts and distribution business and is cooperating with law enforcement. Boeing (NYSE:) acknowledged the incident days after the Lockbit cybercrime gang said on Friday it had stolen “a tremendous amount” of sensitive data from the U.S. planemaker that it would dump online if Boeing didn’t pay ransom by Nov. 2. Boeing declined to comment on…

IR_Stone/iStock via Getty Images Shares of Super Micro Computer (NASDAQ:SMCI) on Wednesday rose as much as 10.5% in extended trading, after the information technology services provider provided strong guidance despite supply constraints. SMCI stock was last up 3.8% to $261.87 after hours. San Jose, Calif.-based Super Micro (SMCI) makes products such as rackmount servers and graphics processing unit (GPU) servers, motherboards and chassis, and ethernet switches and adapters. The company posted FQ1 2024 adjusted earnings per share of $3.43, beating estimates by 18 cents. Revenue rose 14.6% Y/Y to $2.12B, beating expectations by $60M. Semiconductor equipment manufacturers, chipmakers and IT…

A new national poll suggests that independent presidential candidates Robert F. Kennedy Jr. and Cornell West pull support from both President Biden and former President Donald Trump — the two likely major party nominees — in a hypothetical four-way 2024 general election showdown.Biden stands at 47% support and Trump at 46% among registered voters in a Quinnipiac University poll released on Wednesday. The findings are unchanged from Quinnipiac’s August and September surveys.”Democrats support Biden 94 – 4 percent and Republicans support Trump 94 – 4 percent. Independents are split, with 45 percent supporting Trump and 44 percent supporting Biden,” the…

Our experts answer readers’ banking questions and write unbiased product reviews (here’s how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page. The bottom line: Ally and Discover offer strong savings, checking, CD, and money market accounts. The best option for you will likely depend on small differences, like minimum opening deposits and interest rates.Ally and Discover Bank are two popular online banks that are great options if you don’t want to deal with common bank fees.  Compare Discover and Ally…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Donald Trump Jr distanced himself from the financial statements at the centre of the civil fraud suit threatening his family, saying he relied on outside accountants and the Trump Organization’s former chief financial officer to prepare them.Donald Trump’s eldest son took the witness stand on Wednesday in a trial resulting from a civil lawsuit brought by New York attorney-general Letitia James against the Trump Organization and members of the Trump family. He is to be followed by his brother Eric, his father…

© Reuters. A general view of the Central Bank headquarters building in Brasilia, Brazil February 14, 2023. REUTERS/Adriano Machado/File Photo By Marcela Ayres BRASILIA (Reuters) – Brazil’s central bank cut its benchmark interest rate by 50 basis points on Wednesday for the third time in a row and once again signaled more of the same for its upcoming meetings, while also flagging an “adverse” external backdrop. The bank’s rate-setting committee, known as Copom, unanimously reduced its Selic benchmark interest rate to 12.25%, matching the expectations of all 40 economists polled by Reuters. “If the scenario evolves as expected, the committee members unanimously…