Author: News Room

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.625% as of July 19, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is 0.115 percentage points lower than yesterday.  With mortgage rates changing daily, it’s a good idea to check today’s rate…

One of the most commonly quoted pieces of investment advice (or cliché) is you want to buy low and sell high. It’s as simplistic, as it’s unhelpful. Despite the obviousness of the advice, there’s only one proven way to do this consistently: through a tactic called rebalancing. It’s an important wrinkle to remember as the summer doldrums hit. Despite the flurry of activity on the last day of July, as the Federal Reserve hinted at September interest rate cuts, the summer results in fewer trades and, commonly, poorer performance. While there’s no hard-and-fast rule to these things, historically speaking August…

A former health care worker was convicted Wednesday of illegally accessing the late Justice Ruth Bader Ginsburg’s medical records in 2019 as she was battling cancer, a move prosecutors claimed was driven by online conspiracy theories about her health. But the jury acquitted Trent Russell of a separate charge stemming from the posting of those records online. Prosecutors had claimed that Russell, a former Army medic who worked as an organ transplant coordinator, shared the documents on the message board site 4chan. The unusual case had political overtones as prosecutors painted Russell as engaging with conspiracy theories online that falsely…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bill Ackman has withdrawn the proposed public listing for closed-end fund Pershing Square USA in a huge about-face for the billionaire investor who just months ago predicted it would be among the largest initial public offerings ever.The proposed IPO’s spectacular collapse caps a dramatic stretch for the billionaire hedge fund manager, who has embraced social media fame in recent months and established himself as one of the most well-known investors in the US. Ackman had envisaged the company along the lines of…

This article series aims at evaluating ETFs (exchange-traded funds) regarding the relative past performance of their strategies and metrics of their current portfolios. Reviews with updated data are posted when necessary. RDVI strategy FT Cboe Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) is an actively managed fund launched on 10/19/2022. It has a portfolio of 50 stocks, a 12-month distribution rate of 8.51%, a 30-day SEC yield of 1.33% and an expense ratio of 0.75%. Distributions are paid monthly. RDVI “seeks to provide investors with current income with a secondary objective of providing capital appreciation.” It invests in the…

Some Instagram posters got a shocking notification from the app Wednesday: Certain photos have been permanently deleted from the app’s Stories archives, unable to be recovered. “This story is no longer available,” some users saw on certain Stories. “Due to a technical issue, this story is no longer available. While we’ve since fixed this issue, your story can’t be restored.” Meta, which owns Instagram, declined to share how many users were affected, but said only the people whose Stories were lost will see the notice. “We found and fixed a bug that caused some people’s Story highlights and archives to…

WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its target, which could open the door for future interest rate cuts.Central bankers made no obvious indications, though, that a reduction is imminent, choosing to maintain language that indicates ongoing concerns about economic conditions, albeit with progress. They also preserved a declaration that more progress is needed before rate reductions can happen.”The Committee judges that the risks to achieving its employment and inflation goals continue to move into better balance,” the Federal Open Market Committee’s post-meeting statement said, a slight…

Meta’s ambitious plans to develop the metaverse is still costing the company billions of dollars a quarter.As part of the company’s second-quarter earnings report on Wednesday,  Meta’s Reality Labs unit, which houses augmented and virtual reality technologies, recorded an operating loss of $4.48 billion. Analysts polled by StreetAccount were expecting a loss of $4.55 billion.Since late 2020, the Reality Labs unit has generated cumulative losses of about $50 billion, underscoring CEO Mark Zuckerberg’s massive investments into the hardware and software that underpins what he says will be the next era of personal computing.Revenue in Reality Labs, largely derived from the…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. During the week of July 22, 2024, average private student loan rates decreased for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year fixed-rate loans and 5-year variable-rate loans. 10-year fixed rate: 7.50%, down from 7.62% the week before, -0.125-year variable rate: 9.65%,…

Sellers are pricing their homes at record-high prices, but buyers aren’t biting. High interest rates and high listing prices are keeping buyers away. This does mean that the buyers who are still looking have some wiggle room they haven’t had in the last few years. Pending home sales fell by 3.8% for the first half of June, the largest decline in about four months, according to Redfin data. As homes stay stagnant on the market, their listings sitting online for more than a month or more, some sellers are cutting prices.”A few years ago, I never would have told a…