Author: News Room

Retailers are feeling jittery. Consumers aren’t shopping like they used to. In a game of chicken between stores and shoppers, it’s the stores that appear to be yielding first, by dropping prices on thousands of products. The markdowns come as inflation has pushed prices higher for the past two years, squeezing Americans and forcing them to choose between wants and needs. That’s a problem not just for individual shoppers or even big retail chains but for the whole American economy, of which about two-thirds comes from consumer spending. A slew of retailers in recent weeks have announced price cuts as…

An arch rivalry between one-time crypto titans was brought to a close at a federal courthouse in Seattle on Tuesday when Binance founder Changpeng Zhao was handed a sentence of four months in prison. A month earlier, on the opposite coast in downtown Manhattan, FTX’s Sam Bankman-Fried received a 25-year prison sentence for his crimes.It seemed an underwhelming and somewhat anti-climactic finish to a protracted battle between Zhao and Bankman-Fried, two men who were legendary adversaries, as well as key stewards of the $2.2 trillion crypto sector.For years, Binance’s Zhao and FTX’s Bankman-Fried preached the power of decentralized, digital currencies…

Republican South Dakota Gov. Kristi Noem implied that President Joe Biden’s dog, Commander, should meet the same ill fate as her own 14-month-old dog Cricket, who she shot due to its aggressive behavior, as she revealed in her upcoming memoir.”Joe Biden’s dog has attacked 24 Secret Service people. So how many people is enough people to be attacked and dangerously hurt before you make a decision on a dog?” Noem said Sunday on CBS’ “Face the Nation.” “That’s the question that the president should be held accountable to.”The Biden administration announced in October that Commander had been relocated off White…

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 7.375% as of May 3, which is unchanged from yesterday.  With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms, and fees to…

The author suggests that when it comes to retirement decisions, we may not be asking the right questions. As the Jodie Foster character in True Detective likes to say, “You’re not asking the right question.” Then for a successful retirement, what is the right question? It’s “Do the decisions I make now matter?” Clearly the answer is “Yes” when we think of ourselves and our impact on our immediate environment and in our immediate time frame. But that doesn’t reveal much so our next question then is “What are the right decisions?” That’s still not the right question. In this…

As negotiators meet in Cairo on Saturday, US and Israeli officials say any potential agreement on a framework that would pair a temporary ceasefire with a release of hostages in Gaza would likely be followed by continued negotiations over the finer details of the deal. A final deal between the two parties is expected to take several more days to negotiate. Negotiators have made progress on the technical aspects of a potential deal, but two Israeli sources say it could take a week to finalize the deal itself. A US official echoed this point Saturday, saying even if Hamas accepts the deal…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Berkshire Hathaway’s cash pile swelled to a record $189bn in the first quarter of 2024 as Warren Buffett’s sprawling conglomerate continued to dump stocks, including Apple, one of its largest positions.The figure underscores the difficulty the billionaire investor and his team have had in trying to find worthwhile investments, as well as the relative allure of the high yield on US government debt.The company on Saturday disclosed it had sold just under $20bn-worth of stocks in the first three months of the…

Frontier Group Holdings, Inc. (NASDAQ:ULCC) Q1 2024 Results Conference Call May 4, 2024 11:00 AM ET Company Participants David Erdman – Senior Director, Investor RelationsBarry Biffle – Chief Executive OfficerJimmy Dempsey – PresidentMark Mitchell – Chief Financial OfficerBobby Schroeder – Chief Commercial Officer Conference Call Participants Brandon Oglenski – BarclaysSavi Syth – Raymond JamesShannon Doherty – Deutsche BankHelane Becker – TD CowenJamie Baker – JPMorganConor Cunningham – Melius ResearchStephen Trent – CitiChristopher Stathoulopoulos – Sequoia Financial Group Operator Good day and thank you for standing by. Welcome to the Frontier Group Holdings, Inc., Q1 2024 Earnings Call. At this time,…

Last updated: May 4, 2024 10:42 EDT | 4 min read Bitcoin Price Prediction Bitcoin’s price shows a robust ascent, now trading at approximately $63,200, with recent highs of $64,446. This activity is part of a wider trend that has seen the global crypto market cap increase to $2.36 trillion, up over 7% over the last day. The uptick is influenced by the Federal Reserve’s decision, as indicated by Chair Jerome Powell, to halt further interest rate increases, a policy move that often favors investments like Bitcoin by enhancing their appeal. The surge is also supported by significant inflows into…

Elevated interest rates and pricier listings have made it even harder to afford a new home. But there is an often-overlooked expense when buying a home: closing costs. These costs, which are the fees owed on the day you finalize the purchase of a home, have risen in recent years. In 2022, the median cost of a loan paid by homebuyers — including origination fees, appraisal and credit report fees, title insurance, discount points and other fees — was $6,000, a nearly 22% increase from 2021, according to a report from the Consumer Financial Protection Bureau. But the calculation for…