Select a category
Advertisement
Instablog9ja
20 m
12
Former presidential aide Bashir Ahmad has shared social etiquette advice with Nigerians.
He said, if a friend lends you a car, it’s appropriate to return it with a full tank of fuel.
Investopedia
20 m
10
:max_bytes(150000):strip_icc()/original-08afbb7c807844dfbc21e3e0d4d0020f.jpg)
Shares of Waters Corp. (WAT) surged nearly 20% on Friday, delivering the top daily performance in the S&P 500 after the company reported third-quarter sales and earnings that topped analysts' projections.
The provider of analytical laboratory instruments and software reported third-quarter earnings per share (EPS) of $2.71, up over 19% from a year ago, while revenue rose 4% to $740 million. Both figures exceeded analysts' estimates compiled by Visible Alpha.
Waters reported sales growth in all the regions and end markets in which it operates. Notable revenue gains came from the industrial market, where sales jumped 9%, and the pharmaceutical market, which saw growth of 2%. Sales to the academic and government markets also advanced 2%.
Waters CEO Dr. Udit Batra said new product adoption and "improved customer spending trends" contributed to the strong quarter.
The company said it expects sales growth of 5% to 7% in the fourth quarter, and lifted its full-year outlook. Waters projected full-year sales to decline between 0.2% and 0.8%, compared to a drop of 0.7% to 2.2% previously, with adjusted EPS of $11.67 to $11.87, up from $2.60 to $2.70.
Shares of Waters finished 19.8% higher at $387.21 Friday following the release, bringing their year-to-date gain close to 18%.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]Read more on Investopedia
Advertisement
Instablog9ja
1 h
14
Actor Emeka Nwagbaraocha reacts to news that the First Lady is set to lead national prayers for economic turnaround, just hours after Peter Obi suggested that night vigils be turned into night shifts so Nigerians can be productive.
He said President Tinubu has his vote, not Peter Obi for condemning vigils. Meanwhile Mrs Tinubu and Mallam Ribadu are set to lead national prayers for economic turnaround.
Investopedia
1 h
12
:max_bytes(150000):strip_icc()/GettyImages-1137410597-e4345c6c13b44b4e8886c47eb5d3d051.jpg)
Retirement savers can stash more money in their 401(k)s next year.
Friday, the IRS announced cost-of-living adjustments for retirement plans and IRAs. The 401(k) contribution limit for 2025 is $23,500, up from $23,000 in 2024. However, individual retirement account (IRA) contributions will continue to be $7,000 in 2025, the same as in 2024.
Workers over the age of 50 are eligible to make additional contributions to "catch-up" as they approach retirement. The catch-up contribution limit for workplace retirement plans will also stay at $7,500 in 2025 for 401(k)s, 403(b)s, and other retirement plans.
However, starting next year, older workers will be able to make even greater catch-up contributions than other workers because of a provision in Secure 2.0, a federal retirement law. Beginning in 2025, employees aged 60, 61, 62, or 63 who participate in workplace retirement plans can make catch-up contributions of up to $11,250.
The IRS has also made some changes to phase-out ranges for traditional and Roth individual retirement accounts (IRAs).
Some people can deduct traditional IRA contributions from their income. However, depending on if that person has a retirement plan at work and their income, that deduction may be phased out or reduced.
For individuals covered by a workplace retirement plan, the phase-out range has increased. In 2025, it will be between $79,000 and $89,000, up from between $77,000 and $87,000 in 2024. That means individuals making more than $89,000 would receive no deduction while those making between $79,000 and $80,000 would receive a partial deduction.
For married couples filing jointly in 2025, if the spouse who contributes to the IRA is covered by a workplace retirement plan, the phase-out range in 2025 is up to $126,000 and $146,000.
And the income phase-out ranges for Roth IRAs are changing in 2025 too.
In 2025, the phase-out range for singles and heads of household is between $150,000 and $165,000, up from between $146,000 and $161,000.
Therefore, in 2025, people making between $150,000 and $165,000 would be able to make reduced Roth IRA contributions, while those making above that amount would be ineligible to make any contributions.
For married couples filing jointly, the income phase-out range for Roth IRAs increased to between $236,000 and $246,000.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]Read more on Investopedia
Instablog9ja
2 hrs
9
Influencer Pamilerin has expressed surprise that some people can actually spend an entire day alone in their room with just their phones.
He said, seriously, there are people who can actually spend an entire day alone in their room with just their phones.
Advertisement
Instablog9ja
3 hrs
11
The man responsible for some of the 20th century’s most iconic pop music sounds has died aged 91.
Quincy Jones, the producer who worked on Michael Jackson’s seminal album Thriller, died on Sunday night at his Los Angeles home surrounded by family.
Jones “passed away peacefully” Sunday night at his home in Bel Air while surrounded by his family, his publicist Arnold Robinson said. “Tonight, with full but broken hearts, we must share the news of our father and brother Quincy Jones’ passing. And although this is an incredible loss for our family, we celebrate the great life that he lived and know there will never be another like him,” his family said in a statement.
In a prolific career that spanned more than 70 years, Jones established himself as a behind-the-scenes force and a gifted artist in his own right, working as an arranger, composer, songwriter and performer.
KHe left indelible imprints on jazz, pop, hip-hop and dozens of film and television soundtracks, working closely with some of the most illustrious names in the American songbook, from Count Basie and Dinah Washington to Frank Sinatra, Aretha Franklin and Paul Simon.
He produced Michael Jackson’s smash record “Thriller,” as well as Steven Spielberg’s adaptation of “The Color Purple” and the NBC sitcom “The Fresh Prince of Bel-Air” — projects that helped bolster his legacy as a hit-maker and media mogul.
