Author: News Room

More bad news is on the horizon for Florida homeowners. On top of insurers pulling out of the state altogether, Florida’s state-created Citizen’s Property Insurance just voted to raise rates by 14% across the state. The board of governors for the insurance corporation voted unanimously earlier in June. Raising the rates by 14% is dangerously close to the maximum rate increase allowed by the state. Homeowners should be prepared to see their rates rise beginning next year, should the change officially take effect. Currently, this is just a recommended rate increase. The official increase still needs to be approved by the…

Those online senior living referral services are getting a lot of attention these days. And not in a good way. The chair of the U.S. Senate Aging Committee has begun an investigation into assisted living referrals by A Place for Mom, one of the biggest commercial advice outfits. At the same time, more states are requiring firms to publicly disclose their financial arrangements with the facilities they recommend. The business model for most of these companies is simple: They steer users to senior living or other service providers that pay them, generally without regard to quality. In some cases, they…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Britain will go to the polls on Thursday with Sir Keir Starmer predicted to win power in a historic Labour landslide, leaving Rishi Sunak’s Conservative party facing one of the worst defeats in its history.A series of opinion polls suggested Starmer was on course to win a House of Commons majority of more than 200 — beating Sir Tony Blair’s 179 majority in 1997 — and giving Labour its first general election victory since 2005.Polling stations open at 7am and close at…

Investment Thesis Nutanix, Inc. (NASDAQ:NTNX) has a lot going for it. Simply put, it’s perceived as a safe investment due to its mid-teens growth rate and substantial scale. The company is growing steadily without needing exceptional performance each quarter. With approximately $2.5 billion in forward run-rate revenues, Nutanix is seen as stable yet still growing enough to remain attractive to investors. Its valuation of 31x next year’s non-GAAP operating profits remains attractive, too, particularly given the recent pullback on its stock. Altogether, there’s a lot to like here. Rapid Recap Back in March, I said, […] my bullish stance on…

Estate planning sometimes addresses the special needs of lesbian, gay, bisexual, transgender, and queer (LGBTQ+) people, or those who have family members in the LGBTQ+ community. Statistics demonstrate the reality that the number of people undertaking estate planning for whom LGBTQ+ considerations should be incorporated is growing. This article will provide an overview of some of the many planning and document considerations. This will include an explanation of a novel technique that may prove helpful for some LGBTQ+ people, especially given some of the changing tides in attitudes and law. There are risks that federal policies that prohibit discrimination on…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseDonald Trump’s sentencing hearing in the Manhattan “hush money” case has been pushed back to September 18, as he seeks to set aside the guilty verdict following a US Supreme Court ruling that presidents have broad immunity from prosecution for their official acts. The presumptive Republican nominee, who became the first former president to be convicted of a crime when found guilty on 34 felony counts in May, was originally set to be sentenced on July 11, just days…

Article Thesis Starbucks Corporation (NASDAQ:SBUX) has a strong brand and a successful track record. Recently, its shares got under pressure due to some current growth worries, but as consumer sentiment will improve eventually, so should Starbucks’ results. Past Coverage I have covered Starbucks Corporation in the past here on Seeking Alpha, most recently in June 2022. In that article, I argued that it had some advantages compared to its peers Dutch Bros Inc. (BROS), although I noted that Dutch Bros offered a better relative growth performance. With two years having passed since that article has been published, it’s time for…

Student loan debt is a hot topic this election season. As the battle for and against debt forgiveness rages on, many borrowers are being vocal about their opinions on forgiveness. Less than a third of the American public currently approves of how student loan debt is being handled by the Biden Administration, a poll from the University of Chicago showed.  Many adults do believe forgiveness is necessary in certain circumstances, however. In those instances, borrowers along all party lines support the Biden Administration’s efforts to reduce student loan debt.”In recent years, more than a million borrowers who were defrauded by…

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 7.125% as of May 30, which is 0.135 percentage points higher than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.375%, which is 0.250 percentage points higher than yesterday.  With mortgage rates changing daily, it’s a good idea to…

It takes a lot of money to be financially secure in old age. Federal Reserve data suggests that to be financially secure in retirement, people will likely need more than $500,000 in savings. In assessing how retirees are faring, it is important to go beyond simply asking people how they are feeling about their situation and look at objective measures of well-being. The Fed’s Survey of Household Economics and Decisionmaking is designed to capture various aspects of people’s financial security. The SHED asks people how they feel about their financial situation and large numbers of retirees report they are either…