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 30-year fixed-rate mortgage is 7.500% as of April 30, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.500%, which is 0.125 percentage points lower than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate…
Forbes compared more than 800 locales in America on everything from housing costs and taxes to healthcare, air quality, crime and climate change and natural hazard risk. These are the top 25 cities for retirees. By William P. Barrett, Senior Contributor Barry and Susan Mendelson raised their two children in a century-old three-story, six-bedroom Prairie-style home near Lake Michigan in Milwaukee, Wisc. They knew they wanted to move someplace warmer and cheaper for retirement. But it took them six years of looking and planning before they settled, this past March, into a newly built four-bedroom single-story home about 1,500 miles…
The US announced on Friday a new $400 million military aid package to Ukraine. The package includes weapons Ukraine has been asking for, including Patriot missile system munitions, High Mobility Artillery Rocket System (HIMAR) systems and ammunition, Stinger anti-air missiles, 155mm artillery rounds, Bradley Fighting Vehicles, and Mine Resistant Ambush Protected Vehicles (MRAPs), among other equipment. “As President Biden has made clear, the United States and the international coalition we have assembled will continue to stand with Ukraine in its defense of its freedom,” Secretary of State Antony Blinken said in a statement. The announcement marks the second Presidential Drawdown…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in Novavax doubled after Sanofi struck a licensing deal worth up to $1.2bn to commercialise the struggling Covid-19 vaccine maker’s coronavirus jab and use the technology to develop its own combined shot with flu.Novavax shares were up about 100 per cent in Friday afternoon trading in New York at $8.86, moderating from a gain of as much as 146 per cent earlier in the session, following the announcement. The agreement also prompted the US biotech to remove a “going concern” notice…
Plug Power (NASDAQ:PLUG) as a pioneer in the global hydrogen industry, has focused on hydrogen fuel cell design, development, manufacturing and commercialization since 1997. The company is the largest integrated hydrogen fuel cell system manufacturer and the top hydrogen re-fueling company. However, the company has always been linked with one word – bankruptcy. This is primarily because of the company’s cash position and financial health, given its aggressive expansion and acquisition strategy. Data by YChartsWhile the short-term concerns for its financial health have been partially removed, because of the extra funding secured from B Riley earlier this year, investors should…
Last updated: May 10, 2024 14:46 EDT | 2 min read The White House is reportedly set to nominate Kristin Johnson, a commissioner at the Commodity Futures Trading Commission (CFTC), to fill a top role at the US Treasury Department overseeing banks, according to a May 9 report by Bloomberg.According to the report, Commissioner Johnson is endorsed to become the Assistant Secretary of the Treasury for Financial Institutions, with the announcement expected to be made public soon.CFTC Commissioner Expected to Coordinate with the US SECIf confirmed, Johnson will lead financial policies on credit unions, insurance, and consumer protection. She will…
Buckle up: An unusual amount of solar activity this week could disrupt some of the most important technologies society relies on. On Thursday, the US government issued its first severe geomagnetic storm watch in nearly 20 years, advising the public of “at least five earth-directed coronal mass ejections” as well as sunspots covering an area 16 times wider than the earth itself. A severe geomagnetic storm, or G4, is the second-highest grade in the US government’s classification system. Radiation from this activity will begin to hit Earth’s magnetic field on Friday and last through the weekend, said the National Oceanic and…
Jim Simons, a mathematician who founded the most successful quantitative hedge fund of all time, passed away on Friday in New York City, his foundation announced on its website.Pioneering mathematical models and algorithms to make investment decisions, Simons left behind a track record at Renaissance Technologies that rivaled that of legends such as Warren Buffett and George Soros. His flagship Medallion Fund enjoyed annual returns of 66% between 1988 to 2018, according to Gregory Zuckerman’s book “The Man Who Solved the Market.”During the Vietnam War, he worked as a codebreaker for U.S. intelligence, monitoring the Soviet Union and successfully cracking a Russian…
McDonald’s is working to introduce a value meal in U.S. stores to help offset an increasingly challenging environment for consumers, two people familiar with the matter told CNBC.The people said the $5 meal could include four items: a McChicken or McDouble, four-piece chicken nuggets, fries and a drink. The value meal was first reported by Bloomberg News.The potential new offering comes at a time when low-income consumers are beginning to pull back on spending, particularly at fast-food brands. Mentions of low-income consumers on company earnings calls are at their highest levels in nearly two years, according to data from Bank…
Federal officials announced Thursday that they are investigating “bait and switch” schemes associated with credit card rewards and travel programs. The Consumer Financial Protection Bureau (CFPB) analyzed “several hundred consumer complaints” that are related to the administration of credit card rewards programs. In its analysis, the agency said it identified four recurring issues that resulted in consumers either not receiving the rewards they were promised, facing unexpected promotional conditions, seeing a devaluation in their points, having redemption problems and even revocation.”Credit card companies promise upfront benefits for signing up and using their rewards card, but often bury complex terms…
