Workflow
Can We Use a Backdoor Roth to Reduce Taxes With $300k in Income?
Yahoo Finance· 2025-12-19 11:00
SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. High-income households can use what’s called a “backdoor Roth” to utilize a Roth IRA despite the program’s standard income restrictions. This can be an effective way to build a tax-free stream of income for your retirement, and it is a completely legal strategy. Whether this method will reduce your taxes depends heavily on your tax rates now versus what you’ll pay in retirement. For some high-earners, a ...
M&C Saatchi boss under threat as headhunters called in
Yahoo Finance· 2025-12-19 11:00
M&C Saatchi is reportedly considering replacing Zaid Al-Qassab as its chief executive - Chris Ratcliffe/Bloomberg The boss of advertising agency M&C Saatchi’s position is under threat after the company began sounding out potential replacements amid rising pressure from an activist investor. Headhunters have approached a number of industry figures to gauge their interest in taking over the role of chief executive, industry magazine Campaign reported. It will cast doubts over the future of Zaid Al-Qassab ...
RecycLiCo Announces Results of 2025 Annual General Meeting of Shareholders
Globenewswire· 2025-12-19 11:00
Core Insights - RecycLiCo Battery Materials Inc. held its 2025 Annual General Meeting of Shareholders on December 16, 2025, with record shareholder participation and overwhelming support for management's recommendations [1][2]. Shareholder Participation - Nearly 45% of the Company's issued and outstanding shares were represented at the meeting, marking a record turnout [2]. Board of Directors - The shareholders voted to retain Richard Sadowsky (Interim CEO), Paul Hildebrand (Chairman), Rod Langtry, and Kurt Lageschulte as directors, and elected Rob Chang as a new director [3][4]. - Rob Chang fills the vacancy left by the retirement of Andris Kikauka, who will continue as a consultant [3]. Management Statements - Richard Sadowsky expressed gratitude for the shareholders' support and emphasized the Company's commitment to creating a responsible domestic supply of critical minerals to meet North American demand [5]. Company Overview - RecycLiCo specializes in critical minerals refining and lithium-ion battery upcycling, utilizing advanced hydrometallurgical technologies to recover lithium, cobalt, nickel, and manganese from end-of-life batteries [6]. - The Company's focus aligns with the global demand for sustainable supply chains and the movement towards strengthening domestic sourcing of critical materials [6].
Barnwell Industries, Inc. Reports Results for Its Fourth Quarter and Year Ended September 30, 2025
Accessnewswire· 2025-12-19 11:00
Core Viewpoint - Barnwell Industries, Inc. reported a significant net loss for the fiscal year ended September 30, 2025, primarily due to increased expenses and lower revenues, while also announcing a private placement to raise capital for future operations [1][2][5]. Financial Performance - For the fourth quarter, the company reported revenues of $3,022,000 and a net loss of $2,429,000, translating to a loss of $0.24 per share [1]. - For the fiscal year, revenues were $13,697,000, with a net loss of $7,103,000, or $0.71 per share, compared to $18,075,000 in revenues and a net loss of $4,105,000, or $0.41 per share in the previous year [1][13]. Factors Contributing to Financial Results - The increase in net loss was attributed to higher general and administrative expenses, one-time costs related to shareholder consent solicitation, a loss from the sale of U.S. oil and natural gas interests, lower commodity prices, and reduced production [2]. - The company no longer owns any oil and natural gas assets in the U.S. following the sale of its assets in Texas and Oklahoma [3]. Capital Raise and Strategic Initiatives - In November 2025, Barnwell entered a securities purchase agreement to issue 2,221,141 shares of common stock and warrants for an aggregate gross proceeds of approximately $2,443,000 [4][5]. - The proceeds from the private placement will be utilized for general corporate purposes and are part of the company's strategy to focus on high-return opportunities and streamline operations [5]. Operational Changes - The company plans to close its Hawaii office and relocate its corporate headquarters to Houston, Texas, and Calgary, Alberta, to reduce administrative expenses and improve operational efficiency [7]. - The closure is expected to occur in early 2026, aligning with the management team's presence in Calgary [7]. Future Outlook - The CEO emphasized that the sale of U.S. oil and natural gas properties allows the company to concentrate on workover and optimization initiatives at the Twining field, aiming for long-term production stability [8].
The Ensign Group, Inc. Increases Quarterly Dividend to $0.0650 Per Share
Globenewswire· 2025-12-19 11:00
Core Viewpoint - The Ensign Group, Inc. has declared a quarterly cash dividend of $0.0650 per share, marking its twenty-third consecutive annual dividend increase, reflecting a strong market position and commitment to shareholder value [1]. Company Overview - The Ensign Group, Inc. operates independent subsidiaries that provide a wide range of skilled nursing and senior living services, as well as physical, occupational, and speech therapies across 373 healthcare facilities in various states including Alabama, California, and Texas [3]. - The company has been a dividend-paying entity since 2002, indicating a long-standing commitment to returning value to shareholders [2]. Financial Information - The dividend is payable on or before January 31, 2026, to shareholders of record as of December 31, 2025 [1].
Save, budget and say goodbye to debt: 6 financial resolutions to start 2026 on the right note
Yahoo Finance· 2025-12-19 11:00
You could also opt for other types of savings accounts — money market, certificates of deposit , a traditional savings account — or build savings through investments, but a high-yield account may be your best bet for steady, nonvolatile growth.If you’re simply looking to build a general savings nest egg, however, a high-yield savings account is a solid strategy. Fortune notes that “the best rates are often found with online-only accounts,” so you’ll have to be fine with online banking. That said, you’ll ear ...
DeepMarkit Engages Market Maker and Marketing Firm to Enhance Investor Awareness
TMX Newsfile· 2025-12-19 11:00
Core Insights - DeepMarkit Corp. is enhancing its investor awareness strategy by engaging a market maker and capital markets consulting firm, alongside a European marketing and communications firm [1][2][3] Engagements and Agreements - The company has engaged Insight Capital Partners Inc. for capital markets consulting services for a term of 24 months, with a provision for termination after four months [4] - Insight will receive a monthly consulting fee of $11,000, which includes $7,500 paid to ICP Securities Inc. for market making services [6] - ICP Securities Inc. will provide automated market making services using its proprietary algorithm, ICP Premium™, under an initial four-month agreement [5] Marketing Initiatives - DeepMarkit has entered into a marketing agreement with Plutus Invest and Consulting GmbH to provide marketing and communications services from January 1 to December 31, 2026 [8] - The initial fee for Plutus's services is €100,000, with a potential extension fee of up to €250,000 [9] Company Overview - DeepMarkit Corp. is a technology company focused on building platforms for digital experiences in prediction markets, blockchain, AI, and tokenization [13] - The company claims to be the first publicly traded prediction markets platform, aiming to increase investor engagement in North America and Europe [3][14]
How Tariffs Are Changing Up Costco's Shelves
WSJ· 2025-12-19 11:00
Group 1 - The retailer has made adjustments to its product assortment to maintain low prices for shoppers [1]
Correction: SFL – Sale of Suezmax Tankers and Termination of Charters
Globenewswire· 2025-12-19 10:58
Core Viewpoint - SFL Corporation Ltd. has agreed to sell two Suezmax tankers, SFL Thelon and SFL Ottawa, for approximately $57 million each, expecting net proceeds of about $26 million per vessel after debt repayment and termination fees, with an aggregate book gain of around $23 million from the transaction [1][2][4] Group 1: Transaction Details - The vessels are scheduled for delivery in the fourth and first quarters, respectively [2] - The company has also mutually agreed to terminate charters for two other Suezmax tankers, SFL Albany and SFL Fraser, with a termination fee in line with a pre-agreed profit share arrangement [3] - The retained vessels are eco-designed and equipped with scrubbers, initially to be employed in the spot market [3] Group 2: Management Commentary - The CEO of SFL Management AS highlighted the transaction as a demonstration of the embedded value in the fleet, realizing significant profit from the sale of 10-year-old vessels shortly after acquisition while benefiting from solid cash flows [4] - A portion of the proceeds from the sales will be reinvested into younger, more fuel-efficient vessels to capitalize on the current strong charter market [4] Group 3: Company Background - SFL has a strong track record in the maritime industry, having paid dividends quarterly since its NYSE listing in 2004, with a diverse fleet including tankers, bulkers, container vessels, car carriers, and offshore drilling rigs [5]
SP Group A/S (SPGGF) M&A Call Transcript
Seeking Alpha· 2025-12-19 10:57
Core Viewpoint - The company has successfully acquired Idè-Pro, marking a significant expansion in its operations and a larger acquisition than previous ones [3]. Group 1: Acquisition Details - The acquisition of Idè-Pro was completed on December 17, indicating a well-planned project that took several months to finalize [3]. - Idè-Pro is a Danish company founded in 1994 by the Nors family, with Morten Nors continuing as CEO post-acquisition [3]. Group 2: Company Growth - Idè-Pro has focused on high growth, particularly in recent years, benefiting from collaboration with Blue Equity [3].