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 6.990% as of May 15, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.250%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
While the Financial Independence, Retire Early movement is widely popular, some people plan to do the opposite, and never retire. They work because they enjoy it. Why retire at the top of your game? The idea of working longer is becoming more common. Researchers at Pew Research Center state both the sheer numbers, as well as the percentage of older working adults is increasing. According to Pew, “Numbering roughly 11 million today, the older workforce has nearly quadrupled in size since the mid-1980s.” Pew reports, “The share of older adults holding a job today is much greater than in the…
The Biden administration has spent the last week pushing allies in the Middle East to make specific threats to Hamas, as part of an urgent campaign to push the group toward accepting the latest Israeli ceasefire and hostage proposal that would pause the fighting in Gaza. US officials have publicly called on the group to accept previous ceasefire proposals on the table as Israel and Hamas have engaged in months of back-and-forth negotiations, but there has never been an all-out pressure campaign marked by specific asks to individual countries as part of the Biden administration’s push. Secretary of State Antony Blinken has held almost a dozen calls with key players in the region since Friday and other top State…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Mike Lynch, once one of the UK’s leading tech entrepreneurs, was acquitted of criminal charges by a jury in San Francisco on Thursday, capping a 12-year legal saga stemming from one of Silicon Valley’s biggest-ever fraud cases.The former Autonomy chief executive was accused of falsely inflating revenues at the UK software company ahead of its $11bn sale to Hewlett-Packard in 2011. The verdict is a moment of vindication for Lynch after a long battle that saw him extradited to the US and…
Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) is a good long-term biotech to own in my opinion. That’s because it has already been able to receive regulatory approvals for several of its drugs in its pipeline. Matter of fact, the drugs being sold by the company are Crysvita and Dojolvi. In Q1 of 2024, it generated $109 million in total revenue, which was an 8% growth year-over-year. As such, if sales continue like this, it will continue to build shareholder value. If this is the case, then why do I believe it is important to take a look at this biotech now? It…
American households want the biggest bang for their buck right now when they pull their wallets out to shop. That doesn’t mean they want something cheap all the time. They’ve been paying more for goods and services for a while because of higher inflation that stubbornly stuck around. What’s also occurred concurrently is that higher interest rates have made it more expensive for shoppers to borrow money – on credit cards for example – for buying things or paying off necessities such as monthly bills. But even as consumers push through these pressures, they’re still shopping, and seeking deals. Bargain…
After receiving a graduate degree, Julianna Larock was bombarded with news about the powerful labor market and how much demand there was for skilled workers.But that wasn’t her reality.Instead, she spent untold hours browsing through networking sites such as LinkedIn, attending mixers and other professional events, and generally scouring the collective workplace for something that would fit her desire to land a job in the world of finance. All to no avail.”Quite honestly, it was pretty brutal,” says Larock, 25, a Wilmington, Delaware, native now living in New York City. “It felt like a lot of work for little response,…
While inflation is showing signs of easing, consumers in the country may still be feeling its effects for quite some time, according to Joel Anderson, CEO of discount retailer Five Below. The executive sees underperformance particularly in the lower-income demographic.”The lower-end customer is really being stretched,” Anderson said on an earnings call with analysts Wednesday. “We’ve got to deliver value, and we’ve got to really display that in how we go to market, and when you walk in the store, what you see. But all that’s in flight right now, and [we] expect to see some of those changes improve…
There’s been much ado about federal student loan forgiveness with little relief directed to students holding private student debt. However, a little-known program directed by private student loan lender Navient is forgiving private loans for borrowers seeking relief on the grounds that their school lied to them. The Project on Predatory Student Lending (PPSL) launched a campaign to raise awareness of the servicer’s “School Misconduct Discharge Application.” The application gives borrowers who experienced misconduct at their school the right to apply directly for discharge of private loans, marking a long-overdue recognition of borrower rights, PPSL said. In January 2022, Navient entered…
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 6.625% as of May 16, which is 0.365 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is 0.375 percentage points lower than yesterday. With mortgage rates changing daily, it’s a good idea to…
