Author: News Room

“Canary in the Coal Mine” On ECC Earnings Call? [This article was first published with our Inside the Income Factory® members on March 29.] One of our members asked me if I’d seen the comment by Tom Majewski, CEO of Eagle Point Credit (NYSE:ECC) during the fund’s recent earnings call on February 22. I listened in on the call, and even asked a question at the end of the call about the CLO expiration and wind-down process, and how that impacts ECC’s own durability and longevity. But I didn’t recall the specific comment that our member raised. In reviewing the…

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Introducing RobotEra, a revolutionary virtual reality platform that enables users to create engaging metaverse experiences. This metaverse project combines non-fungible tokens (NFTs) with futuristic virtual and augmented reality to enable players to build their environments, interact with others, and earn rewards.The in-world economy is governed by the $TARO token, which has garnered over $1 million in a short period through its presale.A New World at Your FingertipsRobotEra is a new project in the metaverse and web3 gaming space that has piqued the interest of investors and gamers alike.The story of RobotEra begins with Taro’s restoration, which was destroyed during a conflict…

Amazon wants investors to know it won’t be left behind in the latest Big Tech arms race over artificial intelligence. In a letter to shareholders Thursday, Amazon (AMZN) CEO Andy Jassy said the company is “investing heavily” in large language models (LLMs) and generative AI, the same technology that underpins ChatGPT and other similar AI chatbots. “We have been working on our own LLMs for a while now, believe it will transform and improve virtually every customer experience, and will continue to invest substantially in these models across all of our consumer, seller, brand, and creator experiences,” Jassy wrote in…

San Francisco supervisor Aaron Peskin tells CNBC that an arrest has been made in the April 4 fatal stabbing of Cash App founder Bob Lee.Earlier on Thursday, local San Francisco news outlet Mission Local reported that police went to Emeryville, California, with a warrant to arrest a suspect in the case. Both Mission Local and the San Francisco Chronicle have named Nima Momeni as the suspect. He is a tech entepreneur in the Bay Area, according to his LinkedIn profile and reports.The Chronicle, citing jail records, show that the 38-year-old Emeryville resident was booked on suspicion of murder at 9:19…

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. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were lower for 3- and 5-year loans compared to the previous seven days. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between April 6 and…

Social Security benefits automatically convert to standard retirement benefits at full retirement age (FRA) and this retirement benefit can then be suspended. Here’s the story of one disability benefit recipient’s frustrating attempts to do so. I asked James (a pseudonym) to write up his experience in trying to suspend his retirement benefit starting with his reaching full retirement age (FRA) in order to maximize his delayed retirement credits and receive the maximum available retirement benefit starting at age 70. As you can read in his statement below, he requested this suspension to occur before reaching FRA. But he was disabled…

Majority of Americans Aren’t Confident in the Safety and Reliability of Cryptocurrency Among the vast majority of Americans who say they have heard at least a little about cryptocurrency (88%), three-quarters say they are not confident that current ways to invest in, trade or use cryptocurrencies are reliable and safe, according to a Pew Research Center survey. This comes out to about two-thirds of all U.S. adults. While concern about cryptocurrency is broad, some groups of Americans are more concerned than others. For instance, adults ages 50 and older who have heard about cryptocurrency are more likely than their younger…

Ericsson stock (NASDAQ NDAQ : ERIC) has underperformed this year, remaining roughly flat year-to-date compared to the broader S&P 500 which gained about 7% over the same period. Ericsson posted a weaker-than-expected set of Q4 2022 results with profits for the quarter declining by about 39% versus last year to 6.07 billion Swedish kronor (about $588 million). Moreover, the company has warned that its margins could cool as it was seeing slower demand from the United States and other developed markets – as carriers pare back a bit on 5G related infrastructure spending partly due to high levels of existing…