Author: News Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US Federal Reserve needs to take a gradual approach to lowering borrowing costs, one of its top officials has said, as the world’s leading central bankers prepare to gather at an annual meeting in Wyoming this week.Mary Daly, president of the San Francisco Fed, told the Financial Times that recent economic data have given her “more confidence” that inflation is under control. It is time to consider adjusting borrowing costs from their current range of 5.25 per cent to 5.5 per…
Data this week was about as good as even the most optimistic bull might have hoped for and any remaining bearish technical signals were put to rest with the S&P500’s (SPY) move through 5390-400. There have now been 7 higher closes in a row and it appears a new leg of the bull market is underway. The early resumption of the rally may be frustrating for many who missed the bottom. I’m unfortunately in this camp – after calling the top and a correction to 5265, I was all set to load up again, but of course the market didn’t…
After the 2018 Camp Fire – the deadliest wildfire in California’s history – engulfed Michael and Kristy Daneau’s Paradise home, the couple and their four daughters were forced to move 30 miles away to find a home they could afford. They moved to Cohasset to buy a home with money they received through their insurance claim and their portion of an $11 billion Pacific Gas & Electric (PG&E) settlement with insurance companies for the blazes linked to its equipment failure. Six years later, the family’s experiencing déjà vu: Their new home in the rocky region of northern California recently burned down to the…
It’s become a familiar sight at Starbucks cafes: a counter crowded with mobile orders, frustrated customers waiting for the drinks they ordered and overwhelmed baristas trying to keep up with it all.Fixing that problem will likely top incoming CEO Brian Niccol’s list of tasks to turn around the struggling coffee giant when he steps into the role on Sept. 9.Investors and executives alike have pointed to operational issues as one reason the chain’s sales have lagged in recent quarters. Other culprits for its recent same-store sales declines include a weakening consumer, boycotts and the deterioration of the Starbucks brand.Former CEO…
When Kamala Harris chose Minnesota Governor Tim Walz, a former teacher, as her running mate, experts noted he could bring a revitalized policy focus on child care and early childhood. As governor, Walz expanded state child tax credits and built a paid family leave program. Walz also distributed funds to boost early child-care professional wages and build provider capacity. Harris is “doubling down” on child care, said one expert.In the national economic platform unveiled by the Harris administration on Friday, restoring the expanded federal child tax credits introduced during the Covid pandemic is a key priority, and is linked to the…
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 median interest rate on a 30-year fixed-rate mortgage is 6.490% as of August 13, which is unchanged from yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.625%, which is also unchanged from yesterday. Analysts are hopeful that lower interest rates are on the horizon. The Federal…
Elder fraud is exploding, while crypto and speedy money transfers are making it tougher to recover stolen funds. Here are tips for staying safe. By Kelly Phillips Erb, Forbes Staff The call began with a seemingly routine request. “I was wondering if you could help me with an international inheritance case,’’ the older woman said. She’d searched on Google for an “international estate lawyer” and since she lives near me in southeastern Pennsylvania, my name had popped up. (While I’m the senior tax writer at Forbes, I’m also an estate and tax lawyer and still practice a bit on the…
‘Shark Tank’ investor slams Harris’ proposed economic policy as ‘really bad idea’ Kevin O’Leary, “Shark Tank” judge and Chairman of O’Leary Ventures joins CNN to discuss his views on Vice President Kamala Harris’ proposed economic plan. 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.An Israeli air strike in Lebanon killed 10 people on Saturday, according to local authorities, just hours after the latest round of talks to prevent the conflict between Israel and Hamas in Gaza spiralling into a regional war wrapped up.Israel’s military said the strike targeted a weapons storage facility near Nabatieh belonging to Hizbollah. The Iran-backed militant group and Israel have been exchanging fire since the start of the war in Gaza.Lebanon’s state news agency said the strike had hit a factory,…
Will the Federal Reserve lower its policy rate of interest or not? That is the question. But, as I keep writing, is that really the question that we should be asking? Some analysts are taking a longer look at the movements in the M2 money stock. Concerns here is that the M2 money stock has been declining for a substantial period of time. Let’s look at the chart. M2 Money Stock (Federal Reserve) The peak of the M2 money stock numbers comes in the week of April 18, 2022…just a few weeks after the Fed begins its current efforts of…
