Author: News Room
Black and Latino workers, along with those of other or multiple races/ethnicities regularly have significantly less money in retirement savings than white workers do. This disparity results in a less secure retirement, even though they often work longer hours and careers. The retirement savings gap results, in large part, from many people of color having less access to retirement benefits at work. The overwhelming majority of people – more than 90% — will participate in a retirement plan at work if they are eligible, regardless of their racialized group. Yet, white workers are often more likely to work for employers…
President Joe Biden told top donors on a video call Monday that he is still the best candidate to defeat former President Donald Trump as the Biden campaign and the White House sought to move beyond a crisis threatening to consume the Democratic Party. “I’m telling you, I’m not going anywhere, folks,” Biden said, according to a recording of the call obtained by CNN from a participant not authorized to release it. “I am in this to the end, and I’m going to beat Trump, I promise you.” The president told participants that Democrats “can’t waste any more time being…
Joe Biden launched an aggressive effort to hold on to his party’s presidential nomination on Monday, issuing a defiant letter to wavering congressional Democrats and appearing on national television to insist: “I’m not going anywhere.”Biden’s moves, including an appearance on a strategy call for major contributors later in the day, came after his grip on the Democratic leadership in Washington continued to erode, with some senior members of his party calling for him to drop out at the weekend.The multipronged counteroffensive — hitting crucial constituencies on Capitol Hill, the left-leaning media and the donor classes — appeared part of a…
Introduction I previously covered CoStar (NASDAQ:CSGP) back in January, rating the company as a ‘Strong Buy,’ something I’ve rarely assigned to the companies I’ve written about. At the time, I praised the company for disrupting the commercial real estate industry. It has created several marketplaces, building network effects and scale. It also built a huge database of information and tools that are crucial for agents to find data on a property’s construction, prior sales, market comparables, current tenants and rents, the demographics of the neighborhood, and much more. To me, it was obvious that CoStar was poised to become a…
McDonald’s once poured big marketing dollars into its salads. But since 2020, greens have been off the menu. That’s because the chain has concluded that when people go to McDonald’s, they mostly want a burger and fries. “If people really want salads from McDonald’s we will gladly relaunch salads,” said Joe Erlinger, the president of McDonald’s USA, in a June interview at the Wall Street Journal’s annual Global Food Forum. “But what our experience has proven is that’s not what the consumer’s looking for from McDonald’s,” he added. “They’re looking for great french fries, they’re looking for a $5 meal…
Maddie, 29, and Paul, 33, live well in London.Although Paul recently left his job, they’re still earning $230,000 a year from Maddie’s income, the couple tells self-made millionaire and money expert Ramit Sethi on a recent episode of his “I Will Teach You to be Rich” podcast. Their last names are not used.Maddie’s high salary, along with some savvy money habits like regularly saving and investing, have helped them live comfortably even in a high-cost area like London. But they still stress about money, especially as they plan their wedding for next year.Maddie oscillates between two mindsets when it comes…
In the early days of her tennis career, Serena Williams cared so much about winning that she forgot to collect her earnings — repeatedly.Williams, 42, brought in $94.8 million in prize money as a tennis player before retiring in 2022, according to the Women’s Tennis Association. Early in her career, she nearly left a decent chunk of it behind: She was so singularly focused on her performance that she’d nearly leave cities without picking up her money, she told First We Feast’s YouTube talk show “Hot Ones” last week.”Is it true that you rarely collected your winnings your first year…
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…
Buying a home is more complex and expensive than it has been in many years. Interest rates and home prices are high, and inventory is just starting to slowly grow. To help eligible veterans and active-duty service members combat these barriers, the VA is adjusting some of its rules. Temporarily, those using VA loans can use their VA-guaranteed home loan benefits to cover real estate buyer-broker fees. Previously, this benefit could not cover these costs. This new rule adjustment starts August 10, 2024.”We always want to put Veterans and their families in the best possible position to buy the homes…
If “Failures are finger posts on the road to achievement,” as C.S. Lewis suggested, my opportunities for achievement are many. Indeed, the only reason that I have an opportunity to share this insight with you today is that I failed at one person’s version of financial advising. Although very real, that person was a mythic amalgamation of Michael Scott, Steve Carell’s legendary manager character on The Office, and Alec Baldwin’s motivational speaker “from the home office” in Glengarry Glen Ross. He’d almost surely dispute the former parallel but take pride in the latter. He was the regional leader of a…
