Author: News Room

When ABC News first secured its exclusive interview with President Joe Biden, the rollout plan was paint-by-numbers. But these are not normal times. So ABC accelerated its timing. Anchor George Stephanopoulos is expected to interview Biden on Friday in Wisconsin, the president’s first extended interview with a major media network since his disastrous debate performance last week that has led many in the Democratic Party to question whether Biden should be the nominee. ABC had planned to release clips Friday evening, and the whole interview would air during Stephanopoulos’ Sunday morning show, “This Week With George Stephanopoulos.” Recognizing this extraordinary political moment,…

Young, wealthy investors don’t want their parents’ investments.If you’re between the ages of 21 and 43 and have at least $3 million in investable assets, your preferred investments likely aren’t your traditional mix of stocks and bonds, according to new research from Bank of America.Nearly one-third of young, wealthy investors’ portfolios are in alternative assets like hedge funds, private equity, and crypto and digital assets, according to Mike Pelzar, head of investments at Bank of America Private Bank.Meanwhile, less than half of their portfolios are in traditional stocks and bonds.Where wealthy investors ages 21 to 43 see greatest opportunities for…

With his reelection campaign facing an existential crisis, President Joe Biden will sit for a rare one-on-one news interview Friday that the White House hopes will ease his fellow Democrats’ concerns about his age and fitness for office.But it is far from clear if a single interview, even a successful one, can reverse the damage from the 81-year-old incumbent’s weary, raspy performance in last week’s presidential debate against 78-year-old Republican former President Donald Trump.Biden is scheduled to speak with ABC News anchor George Stephanopoulos during a campaign trip to Madison, Wisconsin. ABC will broadcast the interview during a “primetime special”…

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 June 24, 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, while rates increased for borrowers taking out 5-year variable-rate loans. 10-year fixed rate: 7.87%, down from 7.97% the…

Mortgage rates increased this week, approaching nearly 7% again as rates remain stubbornly high and continue to hinder the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Wednesday, showed that the average rate on the benchmark 30-year fixed mortgage climbed to 6.95% this week from 6.86% last week. The average rate on a 30-year loan was 6.81% a year ago.  The average rate on the 15-year fixed mortgage also rose, jumping to 6.25% from 6.16% last week. One year ago, the rate on the 15-year fixed note averaged 6.24%. Read the full article here

Adult son of a real estate investor began to notice that his father, Wealthy Dad (WD), was slipping. WD was becoming forgetful. He had purchased a lot of real estate in his younger days, and owned eight single family houses in one of the most expensive markets in the U.S. He gradually lost the ability to manage his rental homes and other investments. Adult son (AS) who was a successful professional, began to feel a sense of panic. Those houses were falling apart, he knew, but he did not realize how bad things had gotten. AS knew that the burden…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseJoe Biden has said he “screwed up” during his debate with Donald Trump, but insisted he would press ahead with his re-election bid despite mounting pressure to step aside.“I had a bad night,” Biden told a local radio station in Wisconsin in a pre-recorded interview that aired on Thursday morning. “And the fact of the matter is that, you know, I screwed up. I made a mistake.”The US president added he was “going to win this election”, repeating a…

Once a darling, some of the shine has come off of Fortive (NYSE:FTV) and the shares have continued to lag the industrial sector since my last update. I believe some of the trouble is that Fortive doesn’t really stand out thematically, and investors have moved on from (or at least are paying lower multiples for) stories that used to be fueled by M&A-driven growth in SaaS and recurring revenue. Moreover, with the recent secular downturn, Fortive’s growth doesn’t look all that differentiated, which I believe was also a big part of bull theses. I don’t dislike Fortive, but I do…

American Express is acquiring yet another restaurant booking platform. It’s a potential gamechanger for cardholders in a world where nabbing a table at a popular restaurant feels like an impossible feat, thanks to an insurmountable number of bots and table resellers disrupting the market.  In major cities, securing a spot at a coveted restaurant can require booking weeks or even months in advance. More often than not, diners also have to know the precise moment when the reservation window opens.With American Express’ acquisition of reservation, table and event management technology provider Tock, announced last week, the company will effectively increase…

Student loan borrowers in the U.S. are taking their time resuming repayments after the last pandemic-related pause expired late last year. Repayments were paused for borrowers of federal student loans from mid-March 2020, when the COVID pandemic began, and remained in effect until Sept. 1, 2023, 3½ years after the repayment pause began.Data from the Department of Education shows that, as of the end of March of this year, almost 20 million borrowers have resumed making payments on their student loans, while roughly 19 million haven’t done so, leaving their accounts in a state of delinquency, default or otherwise paused…