Author: News Room

Biden campaign officials have no idea what next week will bring in Donald Trump’s hush money trial in New York – including whether the former president will be convicted or found not guilty or whether the whole saga will ultimately end in a mistrial. But regardless of precisely how the weeks-long historic trial ends, President Joe Biden’s reelection campaign is preparing to enter its next, more aggressive phase. On everything from the ads the campaign runs to the messaging and rhetoric that comes from the president himself to growing the campaign’s infrastructure, a person familiar with the campaign’s thinking said,…

Just three years ago, Sir Keir Starmer looked like he might end up as one of the most shortlived leaders in Labour party history. Labour had just been trounced in English local elections and finished a miserable third place in Scotland, as well as losing its former stronghold of Hartlepool to Boris Johnson’s Conservative party.Starmer, who had been party leader for only a year at that stage, issued a forlorn video message while standing in front of a wilting pot plant, admitting he was “bitterly disappointed”.Baroness Jenny Chapman, one of Starmer’s closest allies, says he considered quitting that day. “Keir was…

Gran Tierra Energy (NYSE:GTE) is a company that has joined my list of companies that are reducing their debt in an effort to gain market acceptance of the balance sheet. This company did a reverse stock split in 2023. The reverse stock split was followed by a bond exchange to give the company time to build cash flow (particularly free cash flow). The debt exchange has resulted in higher interest expense. But it also gives the company time to convince the market that management is serious about the turnaround effort to meet the debt market demand of a 1.0 debt…

Last updated: May 24, 2024 13:33 EDT | 2 min read Sam Bankman-Fried’s (SBF) FTX Group allegedly paid over $25 million in hush money to seven whistleblowers prior to the doomed crypto exchange collapse in November 2022, a bombshell independent examinator’s Thursday report found.FTX Whistleblowers Agreed To Settlement Deals Prior To CollapseRobert Cleary, the independent examiner tasked with conducting the report, discovered the now-settled claims investigating employee severance packages, as FTX did not record employee complaints.According to Cleary’s report, the investigation “ultimately identified settlement agreements totaling more than $25 million with seven whistleblowers who alleged various improprieties at the FTX…

The House Committee on Education and the Workforce’s hearing on campus antisemitism Thursday came with no shortage of fiery exchanges between lawmakers and the heads of Northwestern University, Rutgers University and the University of California, Los Angeles (UCLA). But unlike two prior hearings, Thursday’s was the first to take place after a wave of pro-Palestinian encampments spread across campuses nationwide, disrupting learning and commencement ceremonies and ultimately causing many students to feel unsafe. Here are some of the most important takeaways from the hearing that lasted several hours. Northwestern President Michael Schill and Rutgers University President Dr. Jonathan Holloway negotiated…

High inflation is subsiding, but many Americans have yet to see relief from elevated prices at the grocery store.”Grocery prices skyrocketed during the pandemic, and in many cases, they’ve kept going up, even though the pandemic is over,” Sen. Elizabeth Warren, D-Mass., said at a Wednesday Senate hearing.Shoppers may be infuriated to find certain grocery products, such as a pound of chicken breasts or a loaf of bread, go up from one week to the next, Warren said.And they may be frustrated to find other products, such as a box of cereal or a package of spaghetti, come with fewer…

Check out the companies making headlines in midday trading: Ross Stores — The discount retailer popped nearly 10% on strong first-quarter results. Ross Stores posted earnings of $1.46 per share on $4.86 billion in revenue. That topped the earnings per share of $1.35 and $4.83 billion in revenue expected by analysts polled by LSEG. Booz Allen Hamilton — The defense contractor’s shares added 3.8% on the heels of a quarterly revenue and earnings beat. Booz Allen posted adjusted earnings of $1.33 per share in its fiscal fourth quarter, while analysts surveyed by FactSet expected $1.23 per share. Revenue came out…

Inflation has steadily been rising in recent years. The Consumer Price Index — a major measure of inflation — rose again in March, by 0.4% on all items. Rising inflation is causing consumers to rely more heavily on credit cards for everyday expenses, a Varo Money survey found. Close to 65% of respondents to the survey blame their added credit card usage on inflated prices on essentials like groceries and utilities. An additional 55% cite the increased cost of living as the reason behind their reliance on credit cards.Gen Z has increased their credit card usage the most. About 35%…

Amid 2024 presidential election campaigning, student loan debt and forgiveness is a critical issue to American voters with college graduates struggling to contribute to their loan tab. Across the country, Gen X and a portion of baby boomers racked up an average of $44,331 in loan debt per capita, which is a quarter above the U.S. average, according to DegreeChoices, a higher education research group.”Federal loan debt in the United States totals $1.727 trillion, accounting for 92.8% of all student loan debt, with the remainder borrowed from other sources, such as home equity loans and child funding,” David Levy of…

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 24, which is 0.115 percentage points higher than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate…