Fed

GreenPath Financial Wellness Sees Significant Increase in Calls for Credit Card Debt Counseling

Retrieved on: 
Tuesday, February 27, 2024
DMPS, DMP, Federal Reserve, Risk, Federal, Fed, Senior counsel, Credit, Bank

FARMINGTON HILLS, Mich., Feb. 27, 2024 (GLOBE NEWSWIRE) -- GreenPath Financial Wellness , a national nonprofit that provides financial counseling and debt management services, reports an unparalleled increase in calls for counseling help with record-high credit card debt and delinquencies.

Key Points: 
  • FARMINGTON HILLS, Mich., Feb. 27, 2024 (GLOBE NEWSWIRE) -- GreenPath Financial Wellness , a national nonprofit that provides financial counseling and debt management services, reports an unparalleled increase in calls for counseling help with record-high credit card debt and delinquencies.
  • GreenPath saw a dramatic jump in demand for its debt pay-off program, the Debt Management Program (DMP).
  • In January 2022, clients enrolled an average debt balance of $16,022 in the Debt Management Program while in January 2024, the average debt balance among clients was $21,337.
  • That’s where credit counseling agencies can help.”
    GreenPath’s data echoes a recent New York Fed report indicating total credit card balances in the U.S. have reached $1.13 trillion.

Carahsoft and More Than 65 Solution Partners Exhibiting at HIMSS24 Global Health Conference and Exhibition in Orlando, March 11-15, 2024

Retrieved on: 
Thursday, February 22, 2024
Map, WJLA, Health, Margaritaville, Fed, Fortune 500, Education, Government

Francis Rose with Fed Gov Today will be at Carahsoft’s booth #1171, conducting interviews with Government and industry thought leaders throughout the event.

Key Points: 
  • Francis Rose with Fed Gov Today will be at Carahsoft’s booth #1171, conducting interviews with Government and industry thought leaders throughout the event.
  • It is hosted by Bill Russell who has served on executive teams of healthcare, higher education and Fortune 500 consulting practices.
  • Attendees are invited to attend Carahsoft’s networking reception from 6:30 – 8:30p.m., Wednesday, March 13, at the Margaritaville restaurant.
  • To learn more about Carahsoft’s presence at the conference visit Carahsoft’s HIMSS24 event page , or contact Tim Boltz at (703) 230-7402 or [email protected] .

Flourish Cash Announces FDIC Insurance Coverage Increase, Tripling Coverage Available to Clients Over Past 12 Months

Retrieved on: 
Thursday, February 22, 2024
Safety, RIAS, Insurance, Fed, Orbit, FDIC, CRM, Allianz Life, APY, Bank

The increased FDIC insurance coverage will allow two-person households to be eligible to receive up to $20 million in FDIC insurance through a joint account and two individual accounts.

Key Points: 
  • The increased FDIC insurance coverage will allow two-person households to be eligible to receive up to $20 million in FDIC insurance through a joint account and two individual accounts.
  • As Flourish continues to expand its Program Bank network, it’s able to further increase the FDIC coverage offered to clients.
  • Flourish Cash clients are now eligible to receive up to $5M for individual, business, and nonprofit accounts and up to $10M for joint accounts.
  • RIAs can also incorporate their clients’ cash holdings into their core technology systems through integrations with major billing, reporting, and CRM providers.

Modiv Industrial Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, March 4, 2024
REIT, Manufacturing, Other Manufacturing, Commercial Building & Real Estate, Construction & Property, CHIPS, Ethos, Air force, YTD, Sale, Tenant, Webcast, Organization, Concussion, Kodak, NFL, Social media, LINK, NBA, CHIPS and Science Act, Pain, Electronics, Pharmacy, Emergency service, Infinite, Motivation, MDV, Nose, Calf, Balance sheet, UFC, Partnership, Life, Fed, Creativity, MLB, Human, Internet, AI, Poultry, Quality of life, Greed, PPV, Thought, Mechanics, Government, Federal Reserve, Risk, Industrial, Real estate investment trust, Painting, Knee, Crutch, Travel, Real estate

Modiv Industrial, Inc. (“Modiv Industrial”, “Modiv”, the “Company”, “we” or “our”) (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Modiv Industrial, Inc. (“Modiv Industrial”, “Modiv”, the “Company”, “we” or “our”) (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the fourth quarter and full year ended December 31, 2023.
  • Fourth quarter revenue of $12.3 million increased $2.3 million year-over-year, or 23%, excluding the 2022 lease termination fee.
  • Fourth quarter AFFO of $4.5 million, or $0.40 per diluted share, exceeding street expectations by $0.05 per share.
  • January 31, 2024, completed the stock distribution of Generation Income Properties, Inc. (NASDAQ: GIPR), common stock to the stockholders of Modiv Industrial.

Schwab Trading Activity Index™: Score Continues Month-over-Month Increase in February

Retrieved on: 
Monday, March 4, 2024
Professional Services, Business, Other Professional Services, Finance, Asset Management, Fintech, Banking, STAX, SPX, Multimedia, United States Census Bureau, VIX, Labour, Growth, CBOE, Nasdaq Composite, Risk, Current Population Survey, Federal Reserve, Fed, CPI, PPI, Producer, Schwab, Treasury, Consumer, Activity, Education, Cryptocurrency

The Schwab Trading Activity Index™ (STAX) increased to 47.65 in February, up from its score of 44.73 in January.

Key Points: 
  • The Schwab Trading Activity Index™ (STAX) increased to 47.65 in February, up from its score of 44.73 in January.
  • View the full release here: https://www.businesswire.com/news/home/20240304841142/en/
    Schwab Trading Activity Index February 2024 (Graphic: Charles Schwab)
    The reading for the four-week period ending February 23, 2024 ranks “moderate low” compared to historic averages.
  • “The STAX score has been on the rise since November of last year, making this the fourth consecutive month Schwab clients have increased exposure to the markets,” said Joe Mazzola, Director of Trading and Education at Charles Schwab.
  • The CBOE Volatility Index (VIX) rose 3.3% from 13.31 to 13.75, reflecting a modest increase in risk premium.

Housing Market Continues to Face Significant Pressures as Spring Buying Season Nears, Latest HouseCanary Report Shows

Retrieved on: 
Monday, March 4, 2024
Other Construction & Property, Residential Building & Real Estate, Construction & Property, Fed, Movement, Federal Reserve, Housing, Tick, Entrepreneurship, Pressure

As we move closer to spring, traditionally a period in which housing market activity ticks up, the housing market has shown few signs of movement.

Key Points: 
  • As we move closer to spring, traditionally a period in which housing market activity ticks up, the housing market has shown few signs of movement.
  • While inventory is up 11.7% from the same period last year, overall levels remain low, further exacerbating pressure on the market.
  • Although those metrics are slightly up versus last month, the housing market is still facing significant pressures.
  • We expect a muted spring buying season and current trends to persist until rates or home prices fall.

Milliman analysis: Competitive pension risk transfer costs increase from 100.5% to 101.8% in January

Retrieved on: 
Friday, February 23, 2024
Public Policy, Government, Insurance, Data Analytics, Finance, Asset Management, Consulting, Labor, Professional Services, Fed, Milliman, PRT

Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

Key Points: 
  • Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).
  • As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.
  • During January, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 100.5% of a plan’s accounting liabilities (accumulated benefit obligation, or ABO) to 101.8% of those liabilities.
  • The competitive bidding process is estimated to save plan sponsors about 1.8% of PRT costs as of January 31.

Project Canary and METEC Partner to Improve and Validate Novel Forward Dispersion Simulator

Retrieved on: 
Thursday, February 22, 2024
Software, Other Energy, Professional Services, Utilities, Oil, Gas, Environmental Health, Sustainability, Energy, Technology, Environment, Data Analytics, Green Technology, Climate Change, Wind, Knowledge, Navier–Stokes equations, Project, Intelligence, Research, Multimedia, GHG, Fed, Entrepreneurship

View the full release here: https://www.businesswire.com/news/home/20240222990417/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240222990417/en/
    Project Canary's Web-Based High-Fidelity Dispersion Simulator Tool.
  • Project Canary will be responsible for parameter tuning and model improvements, while METEC will perform independent evaluation and validation of the model using single-blind controlled releases.
  • The data generated at the METEC facility will be fed into the model to independently validate its performance.
  • “Our work with Project Canary will provide data to help refine their simulator to generate representative concentration data at receptor locations,” said Stuart Riddick, Research Scientist at METEC.

Aimco Reports Fourth Quarter Results, Establishes 2024 Guidance, and Provides Highlights on Recent and Planned Activities

Retrieved on: 
Thursday, February 22, 2024
REIT, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Investment, Philosophy, Yacht club, Redevelopment, Stabilizer, AIV, Culture, Growth, Sale, NOI, Treasury, Parkmerced, San Francisco, IRR, Accounting, Fed, Tax, G&A, Development, Faculty

Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today fourth quarter results for 2023, established 2024 guidance, and provided highlights on recent and planned activities.

Key Points: 
  • Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today fourth quarter results for 2023, established 2024 guidance, and provided highlights on recent and planned activities.
  • During the fourth quarter, average daily occupancy increased to 97.5% and revenue per home was up 6.7% year-over-year.
  • Aimco acquired 1.4 million shares of its common stock during the fourth quarter 2023 at an average cost of $6.75 per share.
  • For the full year 2023, Aimco acquired 6.2 million shares at an average price of $7.33 per share.

Caesarstone Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 21, 2024
Interior Design, Engineering, Mining, Minerals, Residential Building & Real Estate, Manufacturing, Natural Resources, Construction & Property, Operating cost, Absorption, Marketing, Conference, CSTE, Fed, Sdot Yam, Webcast, Legislation, Workforce

Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its fourth quarter and full year ended December 31, 2023.
  • Gross margin in the fourth quarter of 2023 was 18.1% compared to 19.4% in the prior year quarter.
  • Operating loss in the fourth quarter of 2023 was $33.2 million compared to operating loss of $75.2 million in the prior year quarter.
  • Finance expenses in the fourth quarter of 2023 were $3.7 million compared to expenses of $0.4 million in the prior year quarter.