Author: News Room

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 7.000% as of March 14, 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…

Apple (NASDAQ:) shares, which have been struggling in recent months, are up around 1% Monday, helped by comments from BofA analysts who said global App Store revenue increased 15% year-on-year in February. The investment bank also calculated, using data from SensorTower, that revenue from China increased 10% year-on-year in February. “As per SensorTower data, App Store revenues in F2Q24 (after 66 days) increased to $5.2bn (+8.4% y/y, according to data on developer revenues from SensorTower), with total downloads (iPhone + iPad) increasing +1.2% y/y,” said the bank. The firm maintained a Buy rating and $225 price target on the stock,…

In a letter to investors, Larry Fink, who is CEO of the massive investment firm Blackrock, warned that retirement “is a much harder proposition than it was 30 years ago. And it’ll be a much harder proposition 30 years from now.” One reason, he says: “As a society, we focus a tremendous amount of energy on helping people live longer lives. But not even a fraction of that effort is spent helping people afford those extra years.” Fink is exactly right, as far as he goes. But he ought to be thinking more broadly about the challenges of old age…

(Reuters) – The week ahead is rammed with rate setting meetings by heavyweight central banks from the U.S. Fed to the Bank of England, from Switzerland and Norway to Mexico.  But one question is dominating markets – will the Bank of Japan finally gear up to exit negative rates? Here is your week-ahead look at global markets from Rae Wee in Singapore, Lewis Krauskopf in New York and Dhara Ranasinghe, Bill Schomberg and Karin Strohecker in London.        1/WILL THEY, WON’T THEY? The two-day monetary policy meeting of Japan’s central bank beginning Monday could – at long last – very well…

Investing.com – The U.S. dollar showed resilience in early European trade Friday, retaining the majority of overnight gains after the release of eagerly-anticipated U.S. inflation data, while the euro showed some strength. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded largely unchanged at 104.107, after a volatile overnight session.  U.S. dollar resilient The – the Federal Reserve’s preferred inflation gauge – cooled in January, according to data released Thursday, but remained well above the central bank’s annual inflation target.  This followed a string of strong U.S. economic numbers…

Investing.com– Gold prices swelled to settle at an all-time high on Monday, underpinned by ongoing geopolitical tensions and bets on a Fed rate cuts ahead of testimony from Federal Reserve chairman Jerome Powell later this week.  rose 1.5% to settled at a record of $2,126.30, while  expiring in April 1.4% to $2,125.65 an ounce.  Gold’s gains were driven by some soft U.S. economic data spurring bets that the Fed will cut interest rates by June. But anticipation of more cues from the central bank saw traders once again step back from big bets on the yellow metal.  Other precious metals also retreated…

President Joe Biden teamed up Wednesday with Sen. Bernie Sanders, his one-time 2020 Democratic primary rival and a leader in Congress’ progressive wing, to promote efforts to lower the cost of prescription drugs, including inhalers, at a White House event on Wednesday. The event gave Biden an opportunity to flex his progressive bonafides while also making the case to Americans that his administration has taken steps to lower health care costs. Biden on Wednesday credited Sanders with laying the groundwork for his administration’s health care policies – the independent senator’s focus on “Medicare for all” was a major focal point of the 2020 Democratic presidential campaign and helped…

ISM Services: Activity in the US services sector is expected to have expanded again in March, ticking up to a reading of 52.7 from 52.6 in February, according to economists polled by Reuters.US private payrolls: Payroll processor ADP will release its US employment report for March, offering insight into the labour market before official government figures on Friday. Private employers are expected to have added 148,000 jobs in March, compared with the 140,000 added in February.Earnings: Denim retailer Levi Strauss is expected to report that first quarter revenue declined from a year earlier as consumers continue to cut back on…

Over the past few years now, the journey embarked upon by shareholders of industrial conglomerate General Electric has been fascinating. It has been a bumpy ride and many market watchers and investors believed that the long-term picture for the company was negative. I was one of the few analysts to believe that shareholders would be rewarded rather handsomely by keeping hold of their shares for a good portion of the time. I was ultimately rewarded when General Electric spun off its healthcare operations into GE HealthCare Technologies (GEHC). Between the run-up scene and the share price of the conglomerate leading…

Disney won a hard-fought proxy battle against a group of activist investors who sought to secure seats on the company’s board of directors. The shareholder vote served as a legacy-defining victory for CEO Bob Iger. Disney’s board triumphed by what the company called “a substantial margin” over the nominees put forward by Trian Fund Management and Blackwells Capital at its annual shareholder meeting. “With the distracting proxy contest now behind us, we’re eager to focus 100% of our attention on our most important priorities: growth and value creation for our shareholders and creative excellence for our consumers,” Iger said in a statement.…