Author: News Room
Last updated: May 9, 2024 14:42 EDT | 3 min read With cryptocurrency markets choppy on Thursday as Bitcoin (BTC) rebounds from session lows in the $61,000s back to the mid-$62,000s, traders are parsing through their options in the altcoin market as they hunt for the best crypto to buy now on May the 9th.Some attributed the bounce in Bitcoin from session lows to weaker-than-expected US jobless claims data. 🚨 BREAKING 🚨 US JOBLESS CLAIMS SPIKES TO ITS HIGHEST LEVEL IN 9 MONTHS JOBLESS CLAIMS: 231,000 EST:212K THIS IS BULLISH FOR THE MARKET, AS IT WILL PUSH THE FED TO…
An investor in the shell company that merged with Trump Media was found guilty on Thursday of insider trading, according to federal prosecutors. Bruce Garelick, who served as a director at the shell company, was accused of using secret knowledge of the impending deal with Trump Media to trade and tip off others. Those trades paid off as shares of the shell company, Digital World Acquisition Corporation (DWAC), spiked in October 2021 on news of the blockbuster deal to bring Truth Social owner Trump Media (DJT) public. “As a unanimous jury has just found, Garelick blatantly violated the law by using the information that…
The IRS has unveiled the 2025 contribution limits for health savings accounts, which are triple-tax advantaged for medical expenses.The new HSA contribution limit for 2025 will be $4,300 for self-only health coverage, up from $4,150 in 2024, based on inflation adjustments, the IRS announced Thursday.The contribution limit will also increase for savers with family coverage. In 2025, those with family plans can deposit up to $8,550 into HSAs, which is up from $8,300 in 2024.The IRS will release the 2025 catch-up contribution for savers age 55 and older later this year. It currently stands at $1,000 for 2024, unchanged from…
Sinclair, one of the largest owners of broadcast stations in the U.S., is looking to sell more than 30% of its footprint, according to people familiar with the matter.The company has hired Moelis as its investment banker and has identified more than 60 stations in various regions of the U.S. that it would be willing to sell, said the people, who asked not to be named because the discussions are private. Sinclair owns or operates 185 TV stations in 86 markets.The stations are a mix of affiliates including Fox, NBC, ABC, CBS and the CW. If sold together, their average…
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. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were lower for 3- and 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender…
A new report from the nonpartisan Committee for a Responsible Federal Budget (CRFB) finds that President Biden’s latest student debt handout plan combined with previously announced policies will cost between $870 billion and $1.4 trillion if implemented. “That’s more than all federal spending on higher education over the nation’s entire history,” the CRFB report said, noting that the majority of that student loan debt cancellation was put in place by the Biden administration through executive actions.The total includes $620 billion in debt cancellation that has already been implemented, including $275 billion from Biden’s new income-driven repayment program that’s known as…
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 2, which is 0.250 percentage points higher than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.500%, which is 0.125 percentage points lower than yesterday. With mortgage rates changing daily, it’s a good idea to…
You may have heard that there’s an election coming up. And maybe you’re planning your own event – your retirement. Does one affect the other? Will the election affect your retirement planning? Trying to read the political tealeaves is rarely productive; still, there are some general considerations about the upcoming election that should factor into your retirement planning. Specifically, unless Congress acts after the November election, trouble is potentially brewing for two key retirement planning issues. First, taxes – both income and estate tax. And second, Social Security benefits. The election outcome may affect how you plan your retirement income…
Lawyers for Donald Trump asked a New York appeals court to rule on their challenge to the gag order limiting what the former president can say about witnesses in the criminal hush money trial, according to people familiar with the matter. Trump’s legal team filed an order to show cause Wednesday, which has been sealed. The Manhattan district attorney’s office has opposed the filing, according to the docket. Trump’s lawyers are urging the full panel of appellate judges to rule on the constitutionality of the gag order, people familiar with the matter say. Previously, Trump’s lawyers asked an appeals court…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US last week “paused one shipment of high payload munitions” to Israel over concerns about its looming ground operation in Rafah, US defence secretary Lloyd Austin said.Washington has not decided the final fate of the munitions, but is concerned about their possible use in Rafah, he told a congressional hearing on Wednesday.“We’re going to continue to do what’s necessary to ensure that Israel has the means to defend itself,” Austin said. “But that said we are currently reviewing some near-term security assistance shipments…
