Author: News Room

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 15-year fixed-rate mortgage is 6.625% as of April 26, which is 0.125 points higher than yesterday. Additionally, the interest rate on a 30-year fixed-rate mortgage is 7.625%, which is also 0.125 points higher than yesterday. With mortgage rates changing daily, it’s a good idea to check…

At first glance, those of us who have been steadily socking away funds and dreaming of retirement in our fifties or sixties don’t hold much in common with those who plan for a FIRE retirement. Unfamiliar with FIRE? The Financial Independence/Retire Early movement has gained traction in recent years as more flexible working arrangements and an awareness of the lifestyle via social media have increased. While there are varying definitions of FIRE, some key attributes unite most, if not all, individuals who believe in this philosophy. FIRE adherents spend consciously, allowing them to save more than average during their pre-FIRE…

Federal prosecutors will pursue tougher sentences in cases in which artificial intelligence is used to commit an election-related crime, including threatening violence against election workers and voter suppression, Deputy US Attorney General Lisa Monaco said Monday. The Justice Department policy change is an effort to keep pace with a chaotic information environment ahead of the 2024 presidential election, as AI tools have made it much easier to mimic politicians’ voices and likenesses to spread false information. The new policy applies to cases in which AI makes the election-related crime “more dangerous and more impactful,” Monaco said. “Our democratic process and the…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.OpenAI has unveiled advances to its flagship artificial intelligence model, intensifying the competition with Google and other Big Tech groups pushing for breakthroughs in the technology. The San Francisco start-up demonstrated a series of improvements to its GPT-4 model at an event on Monday, including the ability to interpret voice, video, images and code in a single interface — though it stopped short of revealing a much-anticipated new model.The update, billed as GPT-4o, “provides GPT-4 level intelligence, but it’s much faster and…

Synopsis American Axle & Manufacturing (NYSE:AXL) specializes in the design and manufacture of drive line and metal forming technology for the automotive industry. Over the last three years, AXL has shown robust net sales growth. On the other hand, its profit margins have been showing signs of stress. In its latest 1Q24, it continues to report strong top line growth and profit margins have expanded year-over-year, bringing in some signs of relief. Looking ahead, LV production volume is anticipated to continue growing, and its new business wins in the quarter are expected to support its net sales. However, when compared…

Last updated: May 13, 2024 14:12 EDT | 2 min read Chinese workers are showing a lack of enthusiasm towards the country’s central bank digital currency (CBDC). A report on May 13 revealed that some workers who received their salaries in digital yuan (e-CNY) converted the asset into fiat currency immediately after they were paid, indicating a clear preference for physical cash over the digital alternative.Despite the Chinese government’s efforts to promote the adoption of the digital yuan, a report from the local media outlet South China Morning Post indicates that many workers are hesitant to use it in their…

More than a year after Shein promised to tackle excessive working hours in its supply chain, a new report suggests the Chinese fast-fashion company still has a problem. Workers in some factories supplying Shein are still working 75-hour weeks, according to an investigation by Public Eye, a Swiss human rights advocacy group that first highlighted the alleged abuse back in 2021. “The 75-hour weeks that we found out about two years ago still seem to be common at Shein,” the Swiss organization said. Public Eye interviewed 13 textile workers employed at six factories in Guangzhou, a region in southern China, last…

Major airlines and an industry trade association asked a federal appeals court to toss out a new Department of Transportation rule requiring earlier disclosure of add-on fees during flight booking.The challengers — trade group Airlines for America, and Alaska, American, Delta, Hawaiian, JetBlue and United airlines — argue the DOT exceeded its legal authority when it published the rule, in late April, and that the rule is “arbitrary, capricious” and an “abuse of discretion.”The petition for review was filed in the U.S. Fifth Circuit Court of Appeals late Friday.The Biden administration introduced the airline fee disclosure rule in September 2022.…

The return of “Roaring Kitty” sparked a jaw-dropping advance in GameStop shares Monday, but such a speculative rally in an unprofitable company will likely end badly once again. Roaring Kitty, the man who inspired the meme stock mania of 2021, resurfaced online with a cryptic image showing a man in a chair leaning forward. That was enough to spark a buying frenzy among amateur traders. Shares of GameStop surged as much as 110% higher with a slew of trading halts for volatility. However, from a fundamental standpoint, the brick-and-mortar video game company isn’t deserving of such a pop in the…

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 lower for 3-year loans and higher 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…