Author: News Room
India’s Prime Minister Narendra Modi looks set for a rare third consecutive term in power, as local exit polls on Saturday suggested his Bharatiya Janata Party-led alliance will clinch a decisive parliamentary majority.According to an exit poll summary by local news channel NDTV, the BJP-led National Democratic Alliance is expected to secure around 365 out of the 543 seats in the lower house of parliament. The party or coalition that wins at least 272 votes will form the government. Final results, expected on Tuesday, can diverge from exit poll projections.If the exit polls, which have a patchy record, are confirmed,…
Boeing’s first Starliner flight with astronauts on board was called off in the final minutes on Saturday. The company was targeting a launch on June 1 at 12:25 p.m. ET of its capsule, which is carrying astronauts to the International Space Station for the first time in a final major test of the system.The launch’s hold was automatically issued for an unspecified reason, NASA said on its broadcast, with under four minutes remaining in the countdown. Holds in a rocket launch countdown – as well as “scrubs,” indicating a launch delay – are a common occurrence in the industry. The…
Millions of American young adults are graduating from college this season and beginning the next chapters of their lives. The ceremonial celebrations of graduations often come with receiving gifts of congratulations from family and friends. Many gifts are money.New grads may be tempted to spend their gift money — but is there a better strategy to invest or bank this money for future use? HATE JOB INTERVIEWS? NEW BOOK PROMISES LIGHTER, BRIGHTER CAREER PROCESS FOR ‘VERY BEST STUFF’ Three money experts shared wisdom, insights and guidance about whether college grads should save or spend their gift money — and 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. The interest rate on a 30-year fixed-rate mortgage is 6.875% as of May 20, which is 0.250 percentage points higher than on Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is 0.115 percentage points higher than on Friday. With mortgage rates changing daily, it’s a good…
Saving for retirement requires dedication and time. During those years of dedication, however, market movements will make significant jumps that you can then celebrate. And we’re in the midst of such a shift. A recent Fidelity study highlights this very fact. According to a review of Fidelity 401k accounts, the number of participants with over $1 million in assets within the account has increased by 15% in the first quarter of 2024, compared to end of 2023. This is a result of the market moving forward – it’s up 11% through 2024 and 25% over the course of the past…
Former President Donald Trump said he was going to hold a “press conference” on Friday in the wake of his Thursday conviction in Manhattan on felony charges of falsifying business records. Instead, Trump delivered a rambling monologue that was filled with false claims on subjects ranging from the Manhattan trial to immigration to tax policy. Here is a fact check of some of the inaccurate or unsubstantiated claims he made. Trump repeated his familiar claim that, while Manhattan prosecutors have been focusing on him, New York City has been experiencing record-high violent crime. He said this time that “you have…
US President Joe Biden said Israel had offered a new proposal in negotiations with Hamas to free hostages and bring about a lasting ceasefire, as he urged both sides in the conflict to embrace his hopes for broader peace in the Middle East.Biden made the comments in a statement from the White House on Friday, in his most emphatic attempt yet to broker an agreement that would bring an end to the conflict. The move comes after a new wave of international condemnation of Israel’s conduct of the war against Hamas following a deadly strike and ground operations in the…
Investment Summary Regulated energy utilities companies are expected to catch a strong tailwind from the world’s insatiable demand for artificial intelligence (AI). If I think of the American energy landscape, for example, there are large capital outlays required on the infrastructure side. According to Greg Abel at the Berkshire Hathaway 2024 Shareholder Meeting, looking out until the mid-2030s, the underlying energy demand that’s in place with AI and data centres is set to double. If we look beyond the 2030s, Abel says, the underlying demand triples. The return on equity investment achieved by the electric utilities industry in recent years…
Two influential advisory firms have urged shareholders to vote against Elon Musk’s contentious $51 billion pay package and raised concerns about the CEO’s numerous side projects. On Friday, Institutional Shareholder Services called the package “excessive” and noted that shareholder concerns “have not been sufficiently mitigated” since the package was first approved in 2018. While recognizing Tesla’s growth and profitability, ISS said Musk’s pay package — first approved in 2018 and thrown out by a judge in January — “was considered outsized from the start” and has “failed to accomplish certain of the board’s stated objectives,” including focusing Musk “more closely…
Check out the companies making headlines in midday trading: Dell Technologies — The software stock plunged 22% after executives cautioned that its gross margins could face more pressure in 2025. Lionsgate Studios — Shares rose 1% after Citi initiated coverage of the film studio at a buy rating. The bank cited Lionsgate’s decision to spin off its Starz business as a potential catalyst for further margin expansion. Zscaler — Shares added 5.2% after the cloud security company posted a fiscal third-quarter earnings and revenue beat. Zscaler reported adjusted earnings of 88 cents per share on revenue of $553 million, while…
