Author: News Room
We have a retirement income crisis, and ordinary workers don’t have much hope of retiring and maintaining their standard of living if they don’t have retirement savings and expanded Social Security. One doesn’t replace the other. Workers need both. Since we crushed unions and the wealthy got their tax cuts in many forms, the idea of retirement has slipped from view. All advocates of worker income security need to concentrate on the many levers to secure retirement income. Yesterday in The Hill, Nancy J. Altman — a respected analyst of Social Security costs and benefits and who had been a…
Reporter details moment that got a laugh from Trump in court CNN’s Brynn Gingras describes former President Donald Trump’s demeanor in court during former publisher of the National Enquirer David Pecker’s testimony as part of his criminal hush money trial. Read the full article here
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.New York’s highest court has overturned Harvey Weinstein’s conviction for sex crimes and rape, and ordered a new trial for the once-powerful film mogul whose reported abuse of women fuelled the #MeToo movement.Weinstein was first convicted in New York in February 2020 and sentenced to 23 years in prison. He had appealed against the verdict, citing, among other issues, damning testimony of alleged sexual assault given by women who were not part of the case that may have unlawfully swayed the jury.The…
BNP Paribas SA (OTCQX:BNPQF) Q1 2024 Results Conference Call April 25, 2024 7:00 AM ET Company Participants Jean-Laurent Bonnafe – Chief Executive OfficerLars Machenil – Chief Financial Officer Conference Call Participants Tarik El Mejjad – Bank of AmericaAzzurra Guelfi – CitiChris Hallam – Goldman SachsStefan Stalmann – Autonomous ResearchAnke Reingen – RBCGiulia Miotto – Morgan StanleyDelphine Lee – JPMorganSamuel Moran-Smyth – BarclaysKumar Sharath – Deutsche BankKiri Vijayarajah – HSBC Operator Good afternoon, ladies and gentlemen, and welcome to the presentation of the BNP Paribas First Quarter 2024 Results with Jean-Laurent Bonnafe, Chief Executive Officer; and Lars Machenil, Chief Financial Officer.…
Last updated: April 25, 2024 13:30 EDT | 1 min read Andreessen Horowitz CTO Eddy Lazzarin likened meme coins to ‘Risky Casinos’ on April 25, arguing that they deterred genuine builders from the crypto ecosystem due to the high risk involved.Lazzarin posted to X, stating that meme coins hinder the long-term vision of cryptocurrency, which has kept many of the original builders in the space. Interest in memecoins will come and go, and I’m optimistic that real products/protocols will develop in the end. But we shouldn’t pretend that the casino doesn’t set us back. Deterring great founders and giving ammo…
US stocks were lower Thursday afternoon after the latest GDP report showed that US economic growth slowed to 1.6% in the first quarter of the year, a much weaker pace than expected. The Dow fell by 441.1 points, or 1.2%; the S&P 500 was down 0.8% and the Nasdaq Composite slid by 1.1%, as investors projected a longer wait for the first rate cut from the Federal Reserve. “This report was the worst of both worlds: economic growth is slowing and inflationary pressures are persisting,” wrote Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, in a note Thursday morning.…
The slowing growth and stubborn inflation picture emerging in the U.S. economy may not be quite a nightmare scenario for the Federal Reserve, but it at least could make for some restless sleep. First-quarter results released Thursday showed the U.S. economy slugging along at a 1.6% annualized pace, the slowest in almost two years, and inflation running nearly double where it was in the previous quarter and at the highest level in a year. Both of the data points put together spell at least a mild stagflationary environment that will make policymaking troublesome in the weeks and months ahead. “It…
On average, Americans believe they should save up around $1.46 million before retiring, per Northwestern Mutual’s 2024 Planning and Progress study.But in certain states, like Hawaii, you’d actually need more than that. The minimum amount of savings you’d need to retire in the Aloha state is $2,051,077, according to a GOBankingRates study.The personal finance site calculates that this amount, plus Social Security benefits, would be enough to cover costs for necessities like groceries, housing, utilities, car expenses, discretionary spending and savings over a 25-year retirement.To determine the minimum retirement savings requirements in each state, GOBankingRates examined how much Americans 65…
Millions of older Americans at risk of defaulting on student loan payments may lose some of their Social Security benefits, Democratic lawmakers said in a letter urging President Joe Biden’s administration to act. Sens. Elizabeth Warren, D-Mass., and Ron Wyden, D-Ore., were among several lawmakers who wrote to President Joe Biden about the risk student loan borrowers aged 65 or older faced when they defaulted on payments. Roughly 3.5 million Americans 60 and older hold over $125 billion in student loans, according to a 2023 report by the think tank New America that lawmakers cited. Nearly 40% of borrowers aged 65 and older…
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 7.125% as of April 5, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.000%, which is 0.125 percentage points lower than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate…
