Author: News Room

Interest rate rises have increased banks’ vulnerabilities — and their response presents a significant risk to global growth, the International Monetary Fund’s chief economist warned Tuesday.”We are concerned about what we have seen in the banking sector, particularly in the U.S. but maybe also in other countries, might do to growth in 2023,” Pierre-Olivier Gourinchas told CNBC’s Joumanna Bercetche in Washington, D.C.related investing newsCentral bank hikes have increased funding costs for banks, while lenders have also seen some losses in assets like long-term bonds.”Banks are in a more precarious situation. They have healthy cushions, but it’s certainly going to lead…

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. Based on data compiled by Credible, mortgage rates for home purchases are mixed with three key rates rising while one remained steady since yesterday. Rates last updated on April 11, 2023. These rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000…

One of the most common bits of advice from financial professionals is to start saving as early as you can. That’s absolutely true. But what if you didn’t and are now approaching retirement with little or nothing in savings? The reality is that it’s not likely to be easy. You’re going to need to find ways to save more now, increase your income in retirement, and/or reduce your retirement expenses. Here are some ideas to consider: 1) Go through your expenses and look for ways to cut back. The goal is to free up as much money as you can…

Recap from February’s Picks On a price return basis, the Safest Dividend Yields Model Portfolio (-12.4%) underperformed the S&P 500 (-1.7%) by 10.7% from February 23, 2023 through March 20, 2023. On a total return basis, the Model Portfolio (-12.0%) underperformed the S&P 500 (-1.4%) by 10.6% over the same time. The best performing large-cap stock was down <1%, and the best performing small-cap stock was down <1%. Overall, five out of the 20 Safest Dividend Yield stocks outperformed their respective benchmarks (S&P 500 and Russell 2000) from February 23, 2023 through March 20, 2023. This Model Portfolio only includes…

Key News Asian equities were higher overnight. The most significant catalyst overnight was China’s inflation numbers which are the envy of central bankers globally as CPI was 0.7% versus expectations of 1% and February’s 1%, and PPI was -2.5% versus expectations of -2.5% and February’s -1.4%. The data provides policy makers stimulus runway. March aggregate financing, money supply (M2), and new loans all beat expectations (RMB 5.38 trillion versus expectations RMB 4.5 trillion; M2 was up +12.7% versus expectations 12.7%; New Loans RMB 3.89 trillion versus expectations RMB 3.3 trillion). Within the loan data, housing loan demand increased, which we…

By David Shepardson WASHINGTON (Reuters) – A key SpaceX Starship Super Heavy rocket launch test now is likely to take place later this month rather than sometime this week, the space company’s CEO Elon Musk said on Monday. SpaceX envisions Starship as a fully reusable transportation system to carry astronauts and cargo to Earth orbit, the moon, Mars and beyond. The rocket is scheduled to lift off from SpaceX’s Starbase facilities at Boca Chica in South Texas in the first launch of the company’s fully stacked 394-foot (120-meter) tall Starship rocket system. Fully stacked means all its parts are assembled,…

© Reuters U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.30% Investing.com – U.S. stocks were mixed after the close on Monday, as gains in the , and sectors led shares higher while losses in the , and sectors led shares lower. At the close in NYSE, the gained 0.30%, while the index added 0.10%, and the index declined 0.03%. The best performers of the session on the were Caterpillar Inc (NYSE:), which rose 3.04% or 6.36 points to trade at 215.53 at the close. Meanwhile, Dow Inc (NYSE:) added 2.10% or 1.15 points to end…

With inflation still at levels not seen in years, many Americans are saying they’re feeling financially stressed. And some are even saying they’ve skipped meals to stay afloat. A growing number of surveys are painting a picture of this era of financial challenge. One of the latest, from Clever Real Estate, showed that people’s personal-finance situation was the most-cited stressor in their lives, with 61% noting it as an issue. That put it above such stressors as mental health (cited by 57% of respondents), physical health (53%) and relationships (48%). Clever Real Estate surveyed 1,000 U.S. adults. Perhaps even more…

Shares of Topgolf Callaway Brands Corp. shot higher on Monday after golfing star Jon Rahm won the Masters Tournament at August National Golf Club over the weekend — thanks in part to the Callaway golf equipment he used. Topgolf Callaway Brands’ MODG, +2.35% stock rose 4.8% in afternoon trading on Monday. Rahm’s victory on Sunday was his first at the Masters. After beating Brooks Koepka and Phil Mickelson, Rahm is fourth player from Spain to win the tournament, according to media reports. Rahm won the U.S. Open in 2021. Rahm signed a multiyear equipment deal with Callaway Golf in early…

Democratic Rep. Jennifer Wexton of Virginia announced on Tuesday that she has been diagnosed with Parkinson’s disease. The congresswoman, 54, said in a video released by her office that she is “doing well” and “feeling good and staying strong.” “I’ve got a positive attitude and I’ve got the strong support of so many family, friends and loved ones,” Wexton said, adding that she is “working with my doctor on a treatment plan that addresses my symptoms.” Wexton said that she wants to use her platform to raise awareness and fight for a cure and made it clear that she doesn’t…