Author: News Room
Inflation has steadily been rising in recent years. The Consumer Price Index — a major measure of inflation — rose again in March, by 0.4% on all items. Rising inflation is causing consumers to rely more heavily on credit cards for everyday expenses, a Varo Money survey found. Close to 65% of respondents to the survey blame their added credit card usage on inflated prices on essentials like groceries and utilities. An additional 55% cite the increased cost of living as the reason behind their reliance on credit cards.Gen Z has increased their credit card usage the most. About 35%…
Amid 2024 presidential election campaigning, student loan debt and forgiveness is a critical issue to American voters with college graduates struggling to contribute to their loan tab. Across the country, Gen X and a portion of baby boomers racked up an average of $44,331 in loan debt per capita, which is a quarter above the U.S. average, according to DegreeChoices, a higher education research group.”Federal loan debt in the United States totals $1.727 trillion, accounting for 92.8% of all student loan debt, with the remainder borrowed from other sources, such as home equity loans and child funding,” David Levy of…
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 6.990% as of May 24, which is 0.115 percentage points higher than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate…
It’s Mental Health Awareness Month. There is a nationwide effort to remove the long standing stigma of mental health issues. Historically, it has been very difficult for anyone to persuade a family member to get mental health help when family sees the signs. If you have an elder in your family with these issues, it is likely that you’ll meet resistance when you want that person to consider getting help. Common Problems Here at AgingParents.com, we’re in the business of offering advice to families with age-related issues. It is not at all uncommon for us to hear from an adult…
Louisiana lawmakers on Thursday gave final approval to a bill that would classify the abortion-inducing drugs misoprostol and mifepristone as Schedule IV controlled dangerous substances in the state, placing them in the same category as highly regulated drugs such as narcotics and depressants. The state Senate voted 29-7 to pass the bill, which the state House approved earlier this week. It now heads to the desk of Republican Gov. Jeff Landry, who is expected to sign it into law. CNN has reached out to Landry’s office for comment. If signed into law, Louisiana would become the first state to classify the drugs as…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Elon Musk’s xAI has secured new backing from Silicon Valley venture capital giants Lightspeed Venture Partners, Andreessen Horowitz, Sequoia Capital and Tribe Capital, as the tech billionaire closes in on a new funding round valuing the artificial intelligence start-up at $18bn.The investors have committed to joining xAI’s latest financing in which Musk is seeking to raise close to $6bn, according to people familiar with the negotiations. However, one investor involved in the round said the Tesla and X chief remains “a few…
The Company And Its Financials According to Seeking Alpha’s description, SoundHound AI, Inc. (NASDAQ:SOUN), a California-based $1.67-billion market cap firm, develops voice AI solutions for various industries including automotive, TV, IoT, and customer service. Their products include the Houndify platform, which offers tools for building voice assistants, and SoundHound Chat AI, which integrates real-time data like weather and sports. They also provide SoundHound Smart Answering for custom AI-powered voice assistance, CaiNET and CaiLAN software for improved query handling, and solutions like Dynamic Interaction, Smart Ordering, and Employee Assist. Below you can see how the company has developed from its foundation…
Last updated: May 23, 2024 14:51 EDT | 2 min read Speculations regarding Bybit’s potential hack or insolvency sparked concerns within the crypto community, prompting CEO Ben Zhou personally to step in to refute these claims on May 23.Amid a flurry of social media rumors questioning Bybit’s solvency and security, Zhou, one of the prominent cryptocurrency exchanges, provided reassurance about the exchange’s financial stability and robust security measures.CEO Zhou’s Refutation Against Bybit’s Hack and Insolvency RumorsIn response to the escalating rumors, Zhou took to Twitter to address the situation directly, emphasizing that Bybit remains financially solvent and secure. He pointed…
Elon Musk says artificial intelligence will take all our jobs and that’s not necessarily a bad thing. “Probably none of us will have a job,” Musk said about AI at a tech conference on Thursday. While speaking remotely via webcam at VivaTech 2024 in Paris, Musk described a future where jobs would be “optional.” “If you want to do a job that’s kinda like a hobby, you can do a job,” Musk said. “But otherwise, AI and the robots will provide any goods and services that you want.” For this scenario to work, he said, there would need to be…
A Louisville, Kentucky, police detective violated department policy by not activating his body camera during his controversial arrest of Scottie Scheffler last week when the top-ranked golfer was trying to drive into the PGA Championship venue, the city’s police chief said Thursday.Detective Bryan Gillis “should have turned on his body-worn camera but did not,” Louisville Metro Police Department Chief Jacquelyn Gwinn-Villaroel said at a press conference.”This officer has received corrective action for this policy violation” because of the seriousness of the violation, Gwinn-Villaroel said.Louisville Mayor Craig Greenberg at the press conference announced the release of video footage from the Friday…
