Author: News Room
It’s been another rollercoaster of a year so far for the US housing market. Elevated mortgage rates and home prices have pushed prospective homebuyers to the sidelines. In addition, homeowners have been reluctant to put their properties on the market and risk potentially forfeiting the ultra-low mortgage rates they locked in during the pandemic. That’s created the perfect storm for a housing market that’s been more or less frozen. But anticipation that the Federal Reserve will start cutting interest rates soon is breathing new life into it. The standard 30-year fixed-rate mortgage started to fall earlier this year and recently…
Wall Street takes back-to-back weekly gains and an overbought market into an important week featuring Nvidia earnings and the latest reading on the Federal Reserve’s favorite inflation gauge. Fed Chairman Jerome Powell on Friday gave the speech from Jackson Hole that investors wanted to hear. The S & P 500 and Nasdaq bounced back from Thursday’s losses, and each finished the week up nearly 1.5%. Powell indicated interest rate cuts are on the way, saying the “time has come for policy to adjust.” The market now expects 100 basis points, or 1 percentage point, of cuts by the end of…
Travelers, be warned: The federal government may revoke your passport if you ignore a big tax bill.Such punishments have become more frequent in recent years, experts said.Federal law requires the IRS and Treasury Department to notify the State Department if an American has a “seriously delinquent tax debt.”This is a large federal debt — of more than $62,000 in 2024 — that the taxpayer has repeatedly ignored.The debt threshold includes aggregate total federal tax liabilities, plus penalties and interest, levied against an individual. It’s adjusted annually for inflation.The State Department generally won’t issue a new passport and may revoke or…
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 6.490% as of August 7, which is 0.365 percentage points higher than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.625%, which is 0.125 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea to…
By Kelly K. James, Next Avenue During an interdepartmental Zoom meeting, a vice president asked for feedback about a video he’d produced, on a tight timeframe, to promote our company. On the video, one employee made a comment that made our company look bad. I thought she may have misspoken (and later learned she had) but I reflexively said that part of the video was “terrible.” Then I repeated myself. I’m a direct person by nature. And I could tell that by the vice president’s reaction that in this situation, that directness had been a mistake on my part —…
Favorable views of the American flag are usually associated with the GOP. Michael Smerconish argues that patriotism, military service, and pride in the American flag were key themes at the 2024 Democratic National Convention. From hearing “USA, USA, USA!” chants and a line up of country music stars… Democrats are no longer ceding patriotism to Republicans. 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.Nasa said on Saturday that it would use a spacecraft from billionaire Elon Musk’s SpaceX rather than Boeing to bring home two astronauts stuck at the International Space Station.Astronauts Sunita Williams and Barry Wilmore, who were supposed to return to Earth two months ago, will now come back in February aboard a SpaceX Crew Dragon rather than the Boeing CST-100 Starliner they travelled to the space station with that subsequently suffered technical difficulties.“Space flight is risky,” said Nasa administrator Bill Nelson. “A…
CROX’s Reversal May Be Here, As HEYDUDE Bottoms We previously covered Crocs, Inc. (NASDAQ:CROX) in June 2024, discussing why we had reiterated our Buy rating, as the company reported double beat FQ1’24 earning call while raising its FY2024 guidance. This was attributed to the robust Crocs sales domestically/ internationally, well balancing HeyDude’s ongoing inventory correction. We were also encouraged by the new management brought in to revitalize the HeyDude brand, despite the recently lowered FY2024 HeyDude guidance. Combined with the healthier balance sheet and the growing bullish support observed in its stock movement, we believed that it remained a compelling…
It’s never been harder to be Mister Softee. Once, there were more than 2,000 Mister Softee trucks in 38 states during the company’s peak in the 1960s. Now, there are only around 630 Mister Softee trucks looping around neighborhoods and parks in 21 states. Competition and rising costs are hurting sales. Counter-intuitive factors like increasingly hot weather are also denting business. And broader social trends – like the shrinking sizes of American families and even the advance of technology – play a role, too. “There’s a lot more competition, especially in New York, than there was in the 1980s and…
In a city as notoriously expensive as New York, it’s common to see people in their late 20s and early 30s living with roommates to help manage the high cost of living.But Ishan Abeysekera has taken that to the next level with his current living situation in Brooklyn: a communal building that he shares with a whopping 23 other people.”When I say I have 23 housemates, people are like ‘What? That sounds wild,'” Abeysekera tells CNBC Make It. “But actually, it’s quite nice.”The 33-year-old engineer lives in a space operated by Cohabs, a company that offers fully furnished bedrooms and…
