Author: News Room

Back in February, used electric vehicle prices dipped below used gasoline-powered vehicle prices for the first time ever, and the pricing cliff keeps getting steeper as car buyers reject any “premium” tag formerly associated with EVs.The decline has been dramatic over the past year. In June 2023, average used EV prices were over 25% higher than used gas car prices, but by May, used EVs were on average 8% lower than the average price for a used gasoline-powered car in U.S. In dollar terms, the gap widened from $265 in February to $2,657 in May, according to an analysis of…

Home remodels are gaining in popularity, particularly as prices for existing homes skyrocket. Nearly 63% of homeowners surveyed by Adobe said they’d rather remodel their homes rather than deal with the home-buying process. The survey included more than 1,000 homeowners across the country. The home-buying process can be intimidating, but it doesn’t scare away every buyer. One in three survey respondents would prefer to buy than remodel their current homes. The complexities of remodeling are too stressful for many homeowners.The price was cited in Adobe’s study as the No. 1 reason for not wanting a remodel. Homeowners fear it’s too…

The decisions you face as you transition into and through retirement are more complex, with higher stakes, compared to the saving and investing decisions you’ve had to make for retirement throughout your working years. The trouble is, usually you won’t get any “do-overs” with many of your retirement decisions. If you’re like most people, you’ll need professional help, since most likely you don’t have the training or experience you need regarding the critical issues that you face. A well-qualified adviser can make a significant difference in your financial security in retirement, which should help you relax and better enjoy your…

Will the MAGA movement outlast Trump? To a viewer tweet suggesting “We’re at an inflection point where both parties are going to evolve after this election,” Smerconish responds,”I hope that’s the case. I don’t know…..I look at it as the latest incarnation of a lot of the same sentiments that we saw in the Tea Party movement.” Read the full article here

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.France’s new leftwing unity pact is showing signs of cracking, barely two days after it was formed in a move which threatened to eclipse the centrist alliance of Emmanuel Macron in forthcoming snap elections.Far-left leader Jean-Luc Mélenchon launched an overnight purge of moderates in his party who had advocated for unity, prompting a furious backlash from other leftwing leaders. Olivier Faure, the socialist chief, called it “scandalous”.The creation of NPF could seriously harm the prospects of pro-Macron candidates by making it much…

The bull market underway has been characterized by the leadership of mega-caps stocks. In this context, funds with investment strategies focused on these larger companies remain in the spotlight. One such investment available following this approach is the Vanguard Mega Cap ETF (NYSEARCA:MGC), a market cap-weighted fund focused on the top 200 large capitalization U.S. companies, which has consistently outpaced the S&P 500 over time. MGC also shows a price-to-earnings ratio similar to the S&P 500 or Russell 1000 indexes, while its allocation to larger and highly profitable companies gives MGC’s portfolio a tilt toward quality. Overall, MGC is an…

“Good news is bad news” has been a common refrain for a while now. When economic reports are released that are solid, they have all too often been clouded with concerns that good news for the economy actually means a longer wait before the Federal Reserve rolls out rate cuts. This week, a string of good news was actually good news: Closely watched inflation gauges showed prices had cooled more than anticipated; Americans’ financial outlooks were rosier than they have been in years while their inflation expectations dipped; and, on Friday, US import prices reversed course and fell sharply, adding…

When my husband Brian first told me he’s from Laguna Beach, it took everything in me to play it cool. “Oh, is that near Los Angeles?” I asked. Like most elder millennials, I knew exactly where Laguna Beach was. I’d seen every episode of the reality show (I was an LC with a Kristin haircut) and was a superfan of “The OC” to boot. (Seth and Summer forever!) I don’t know why I pretended. Turns out, Brian’s a Seth-and-Summer stan, too.I never imagined we’d end up living in the land of beachside cottages and sun-drenched ocean coves I’d seen on TV. But…

Investors worried about concentration risk in the market may want to consider value-oriented investments.Avantis Investors chief investment strategist Phil McInnis suggests taking a more diversified approach than simply looking at index funds such as the S&P 500. He thinks his firm’s exchange-traded fund strategy can provide better returns in the long run, emphasizing companies with low valuations and strong balance sheets.”We’re going to be less concentrated,” he told CNBC’s “ETF Edge” this week. “So we are kind of making a lot of smaller bets on these lower valuation, better profitability [companies] paying off through time.”Avantis’ U.S. Large Cap Value ETF…

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 June 12, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…