Author: News Room

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market reverse: The markets initially opened lower Monday as volatility in the European markets spilled over into the United States. But both the S & P 500 and the Nasdaq climbed out of the red and turned slightly higher while Nvidia flipped positive, overcoming some early selling tied to its 10-for-1 stock split. Power on: We’re seeing a strong comeback in the date center buildout-electricity-power generation theme, which has been more…

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. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3-year loans and lower for 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace to…

Mortgage rates have steadily been rising over the last few weeks, but rates have finally started to dip. Rates for 30-year fixed-rate mortgages averaged 7.09% as of May 9th, Freddie Mac reported. This is a decent drop from last week when rates averaged 7.22%. Last year at this time, 30-year mortgage rates averaged much lower at 6.35%. Mortgages with 15-year terms also saw interest rates drop. Rates fell to 6.38% from 6.47% last week. Compared to last year when rates averaged 5.75%, buyers are settling for much higher rates.”After a five week climb, mortgage rates ticked down following a weaker…

The opportunities for financial advisor education have improved so dramatically in the past 25 years. When I graduated from college with a generic business and finance degree, only a couple of mainstream colleges were known for doing anything with financial planning and virtually no degree programs were available. Now, more than 200 degree programs are available at the bachelor’s, master’s, and even doctoral levels. The CERTIFIED FINANCIAL PLANNER™ designation was a thing back then, but today, there are many more (and better) paths to satisfy the education requirement, and the number of CFP® practitioners has almost tripled. While the vast…

US officials are racing against the clock to finalize an agreement that could provide some $50 billion in loans to Ukraine using profits from frozen Russian assets – a top priority ahead of President Joe Biden’s meeting with G7 leaders in Italy this week – but the seven nations have yet to reach a final consensus, according to sources familiar with the US’s preparation ahead of the summit. The Biden administration has been leading a campaign to persuade leaders of the fellow G7 nations – the UK, Canada, France, Germany, Italy and Japan – to sign off on a plan…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Marine Le Pen’s far-right movement has trounced the centrist coalition of Emmanuel Macron in France, securing almost a third of the EU election vote to achieve more than double the president’s share.In a stinging blow to the pro-EU French president, exit polls on Sunday showed Le Pen’s Rassemblement National (RN) far ahead of all other parties, with around 33 of the vote compared to 15 per cent for Macron’s second-place alliance. But Macron appeared set to narrowly avoid a humiliating third-place finish…

Investment Thesis I believe that Qualcomm’s (NASDAQ:QCOM) recent advancements in on-device AI chip functionality are a game changer. With their deep integration into the supply chains of major smartphone manufacturers and a growing demand for AI-capable devices, the company is poised to capitalize extensively on upcoming tech trends. In particular, smartphones with AI capabilities will change personalization, efficiency, and utility, and will drive consumer demand for upgrades and new purchases. Qualcomm’s recent financial disclosures demonstrate these changes, highlighting a surge in demand for their AI chips, particularly in the Chinese market, where consumers are increasingly favoring high-end devices with AI…

Tesla’s controversial CEO Elon Musk, and his massive wealth, are front and center in a shareholder vote this coming week. Five months ago, a Delaware judge threw out the largest pay package in history, then worth more than $50 billion, that Telsa’s very friendly board had given Musk in 2018. Now, Musk and the board want Tesla shareholders not only to vote again to give him back those stock options, but to relocate Tesla away from the judge’s state entirely. And his board is threatening if they don’t do so, they won’t get the attention they need from Musk to…

When your job is to write a commentary about the stock market you start with a blank Word document. It stares at you and says, “Come up with something noticeable that makes sense of the market.” Right at that moment, the inception, you can go either way. You can detect a pattern that points to an absurdity, let’s say a warning about a two-track bias, one with light volatility and the other with craziness. Or perhaps a simple jeremiad flagging a dangerous oddity of mega-caps versus non-mega-caps that bemoans, or worse, causes worry that might tempt people to “get out…

Populist, far-right parties have won record support in this year’s European Parliament elections, early exit polls indicated Sunday.The far-right Identity and Democracy group made major gains, while the right-wing European Conservatives and Reformists saw a slight uptick in votes, according to the first official projection released by the EU at 8:30 p.m. local time.The center-right European People’s Party is once again projected to win the most parliamentary seats, with a marginally bigger lead than before.The projection is based on exit polls, national estimates and pre-election polling data, and follows a four-day, EU-wide vote.The liberal Renew Europe and the Greens/European Free…