Author: News Room

The U.S. Department of Education is stepping in to help colleges process forms faster after the fix to the new Free Application for Federal Student Aid (FAFSA) form threatened to delay the timeline for awards. More than 4 million FAFSA applications have been submitted since the new form was launched on Dec. 30. However, student aid calculations for the latest forms were based on three-year-old tables that did not accurately reflect the current high inflation environment. The FAFSA Simplification Act passed by Congress in 2020 included a provision requiring the Education Department to update tables used in the Student Aid Index (SAI)…

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 6.375% as of March 12, which is unchanged from yesterday.  With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms, and fees to…

By Dawn Chmielewski (Reuters) -Walt Disney responded on Monday to billionaire Nelson Peltz and his Trian Fund’s campaign to win two board seats with an attack on the activist shareholder’s motivations and qualifications in an increasingly bare-knuckled proxy battle. In a 66-page regulatory filing late Monday, Disney said Peltz and Trian’s other designated board candidate, former Disney CFO Jay Rasulo, “are not what Disney needs right now.” Disney argues Peltz lacks an understanding of the challenges the company is facing, and that his suggestions for improvement “are nothing new.” Neither Peltz nor Rasulo have the skills to help Disney, the…

By Edd and Cynthia Staton, Next Avenue As retirement approaches, you must face the question, “What is the best age for me to claim Social Security?” Experts declare that you should avoid taking reduced payments at age 62 unless you need the money immediately or have health issues that may shorten your lifespan. They almost unanimously advise waiting until full retirement age (66 and 6 months in 2024) to receive 100% of benefits earned. Postponing until the maximum payout at age 70 is even better, since 8% is added to your monthly check for each year you delay. A Missing…

Investing.com– The Bank of Japan is set to conclude a this coming Tuesday, with markets focused squarely on whether the central bank will mark an end to its ultra-dovish policies by raising interest rates. Speculation over a pivot by the BOJ grew rapidly over the past two weeks, especially as the two main factors outlined by the central bank for it to consider tightening policy- chiefly strong wage growth and steady inflation- now appeared to be coming into play. Negotiations between major Japanese employers and labor unions showed that Japanese workers won bumper wage hikes for 2024. This development came…

Investing.com– Most Asian currencies moved little on Thursday and the dollar steadied ahead of key U.S. inflation data, while the yen strengthened sharply as a Bank of Japan member called for an end to negative interest rates. Regional currencies were nursing overnight losses after several Federal Reserve members said that more work was needed to achieve the bank’s 2% annual inflation target, while data underscored resilience in the U.S. economy.  But the dollar fell slightly in Asian trade amid pressure from a sharp rise in the . Yen strengthens as BOJ member calls for end to stimulus The yen firmed…

By Laura Sanicola (Reuters) – The United States may sell its 1 million barrel Northeast gasoline reserve in fiscal year 2024, according to the draft text of a funding bill released on Sunday. The reserve, first established in 2014 after Superstorm Sandy left motorists in the northeastern United States without fuel, is located in New York Harbor, New York, Boston, Massachusetts and Portland, Maine. The proceeds from the sale of the refined products in the reserve would be deposited into the Treasury’s general fund, according to the text of the bill, which is likely to pass this week. Once the…

Smerconish: It’s border vs. abortion in 2024 race In the border and abortion, says CNN’s Michael Smerconish, each side has a strong get-out-the-vote issue for 2024. The result could be determined by a newsworthy case near election day – over which the campaigns have no control. 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.Mexico has broken off diplomatic relations with Ecuador and vowed to bring the Andean nation before an international court after police broke into its embassy in Quito and captured Ecuador’s former vice-president, who was sheltering there after being convicted of corruption.President Daniel Noboa’s hardline conservative government ordered officers into the embassy premises after Mexico’s leftwing administration granted asylum to Jorge Glas, who served as Ecuador’s vice-president from 2013-18 and was later sentenced to 14 years in jail.Police forced their way into the…

Please note that this week is the quarterly Master List fundamentals update. Every quarter, after earnings, I update all necessary fundamentals for the DK 500 Master List, which enables valuation-based ratings to operate automatically in real time. Thus, this is the reason for just one article this week. Here’s my ZEUS Family fund holdings’ weekly economic update and actionable idea. ZEUS Family Fund Summary: A Bad But Completely Expected Week This week, rising interest rates caused the market to experience a micro dip, and it’s essential always to use percentages to keep things in context. ZEUS Charity Hedge Fund Portfolio…