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. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Nvidia vs. the rest: The markets are off to a mixed start to this holiday-shortened week. Nvidia continues to chug higher, extending its post-earnings run to about 20% and bringing its market capitalization to roughly $2.8 trillion. The Nasdaq gained 0.4%, breaking above 17,000 for the first time ever. But outside…
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 6.875% as of May 22, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.000%, which is 0.010 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate…
The Federal Deposit Insurance Corporation (FDIC) changed its deposit insurance coverage for some accounts effective April 1, 2024. The basic insurance limit of $250,000 per account still holds and most types of accounts aren’t affected. The changes affect accounts of trusts and effectively reduce the insured amount for some trust bank accounts. The FDIC said the changes are intended primarily to streamline the coverage rules and make them easier for both bankers and customers to understand. The maximum insured amount for a trust is now $1.25 million per trust owner per insured depository institution. The general rule that a trust…
President Joe Biden on Monday commemorated Memorial Day during remarks at Arlington National Cemetery, where he marked the solemn and personal occasion by thanking those killed while serving their country in the name of democracy around the world. “Freedom has never been guaranteed – every generation has to earn it, fight for it, defend it in battle between autocracy and democracy, between the greed of a few and the rights of many. It matters, our democracy is more than just a system of government. It’s the very soul of America,” Biden told the crowd gathered for his annual Memorial Day…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writers are the president of France and the chancellor of GermanyIn a few weeks, we Europeans will start setting out our agenda for the next term in the EU. Looking back at the challenges over the last five years — be it the pandemic, the ongoing Russian war of aggression against Ukraine or increasing geopolitical shifts — it is clear: Europe is experiencing its Zeitenwende. We can’t take for granted the foundations on which we have built our European way of…
Over the last month, the ten most shorted ETFs have continued to attract positive flows. Over the last month, the top ten most shorted ETFs have attracted Inflows of $5.6B. As contrarian views on the future of the global economy and the timing of any change in interest rates continues to play out across the financial media, it appears that investors remain divided as to the direction of movement in certain financial markets. Fund flow data for 1 month 04/23/24 – 05/22/24 and Short Interest and AUM data as of 05/22/24: Across the top ten most shorted ETFs, a number…
Last updated: May 27, 2024 14:55 EDT | 2 min read TRON founder Justin Sun is encouraging those in the blockchain sector to vote for the pro-crypto candidate as tensions heat up between Joe Biden and Donald Trump ahead of the 2024 U.S. presidential election.“We should support a presidential candidate who endorses cryptocurrencies,” Sun wrote in a statement on Sunday. “We need to demonstrate to the candidate that the cryptocurrency community, companies, and protocols are significant stakeholders whose voices should be heard and whose interests should be protected.”Vote For The Pro-Crypto Candidate, Justin Sun SaysOn Monday, the TRON founder continued…
The summer movie season typically starts with a bang during the month of May and, particularly, during Memorial Day weekend. This year, it’s a whimper. Memorial Day weekend (Friday through Monday) movie ticket sales are estimated at $128.3 million, according to Comscore data provided to CNN. That’s down from last year’s Memorial Day weekend, which recorded just shy of $205 million gross revenue, and it lands well under the record holiday in 2013, when “Fast & Furious 6” drove the weekend to $314.3 million in revenue. In fact, the US box office is on track to have its lowest-grossing Memorial…
At least 68 million people are under severe weather warnings on Memorial Day, as storms turned toward the Northeast after claiming the lives of at least 20 people and leaving half a million homes and businesses without power across the central United States.Heavy storms will move across Arkansas and Tennessee and into the Ohio Valley before heading north to the East Coast, through the Carolinas, Pennsylvania and New York. Heavy rain, winds of more than 60 mph and hail more than 2 inches across are expected, with tornadoes possible, NBC meteorologist Michelle Grossman said in a report early Monday.Flash flooding alerts were…
A top exchange-traded fund provider is betting on the long-term popularity of GLP-1 weight loss drugs.Roundhill Investments’ GLP-1 & Weight Loss ETF (OZEM), which began trading last week, pairs leaders Eli Lilly and Novo Nordisk with players developing new treatments for weight loss and diabetes. CEO Dave Mazza said his firm is capitalizing on explosive growth potential in the industry.”The ability to have active management to overweight companies that are actually in market producing the drugs and then go down the line to identify those that are in particular phases is powerful,” Mazza told CNBC’s “ETF Edge” last Monday.Eli Lilly…
