Author: News Room
Wall Street can — and will — turn against stocks the Club holds in high regard. In some cases, our move is to run toward the wreckage, not away from it. “I want to be greedy on the downside. I want to be giving on the upside,” Jim Cramer said on Tuesday’s edition of the “Homestretch.” “When I see a stock getting tossed out that I love, that is fantastic.” Building on Jim’s philosophy, we analyzed the Club’s portfolio to identify beaten-down stocks that trade at reasonable valuations. The specific circumstances around each stock vary, and impact our ultimate view…
Hours after his historic arrest in Manhattan, former President Donald Trump lashed out in a speech Tuesday night at each of the prosecutors currently investigating him.Trump called Manhattan District Attorney Alvin Bragg, who obtained a grand jury indictment charging the ex-president with nearly three dozen felony counts of falsifying business records, a “criminal” who should “resign.”Department of Justice Special Counsel Jack Smith, who is leading two probes that are eyeing the ex-president for potential crimes, is a “lunatic,” Trump told a crowd at his Mar-a-Lago club in Palm Beach, Florida.Trump said that Fani Willis, the Fulton County district attorney who…
A growing number of Americans are falling behind on their car payments, an ominous sign for the U.S. economy as high car prices and persistent inflation strain household budgets. Car repossessions tumbled in the early days of the pandemic when the government sent $5 trillion in stimulus money to American homes and businesses. But they have progressively ticked higher as sky-high prices for used and new cars alike forced consumers to take out bigger loans. In January, the percentage of auto borrowers who were at least 60 days late on their bills climbed 2% from December and 20.4% from a…
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. Whether you’ve just taken out your first card or your score simply needs a boost, odds are good that you’re looking to build credit fast. The truth is that having a good credit score can open the doors to so many things. For example, when combined with a down payment, a…
Texas residents told Fox News what they believe are the most important issues facing the nation, with a handful highlighting economic concerns. “I feel like the economy is probably the most pressing issue right now,” an Austin resident told Fox News. “I think it’s related to our job market and inflation, and then with real estate pricing and things like that,” she said. “It’s kind of all intertwined.” Nearly four in 10 registered voters, or 36%, identified the economy as the nation’s most important issue, according to a Fox News poll released Sunday. That’s down from 42% in December 2022. Immigration…
When lawyers work on commercial real estate or other transactions, they typically charge for their time by the hour. If the transaction doesn’t close, the bill is the same as if it did close. Clients who face those bills don’t like them. These bills cause maximum pain if the transaction nearly closed and the lawyer kept working on it—running up time and legal fees—until the very end. Might it make more sense to have the lawyers agree they’ll get paid only if the deal closes? That would let a client avoid the risk of having to pay for a transaction…
The first-quarter earnings season will be challenging with the economy laboring under still elevated inflation and the recent banking crisis. Earnings are slated to decline by -6.6% year-over-year, but if analysts are to be believed, this quarter should mark the nadir of the pace of earnings contraction. The items weighing on earnings include slowing economic growth, rising costs, and a strong dollar. The ability of companies to pass on higher prices to protect profit margins will remain a critical variable. With the rising risks of a recession in 2023 and the possible contraction in credit emanating from the banking crisis,…
Hush money sounds dirty or illegal, but many businesses pay it on occasion. There are important tax rules at play, and everyone in business should know the key rules. Let’s start with the fact that just about every kind of payment has tax consequences, to both the recipient and to the one who paid the money. 1. Hush Money is Income. If you get paid hush money, is it income you have to report on your taxes? Yes, the IRS says almost everything is income, and that certainly applies to hush money, whatever the circumstances. In fact, almost all legal…
Since the Roth IRA was created in 1997, a portion of the financial services community warned the Roth IRA was a trap. Congress would wait until Roth accounts held trillions of dollars, then repeal all or some of the tax benefits. From the start, I’ve been skeptical of the arguments that Roth IRAs are a trap and encouraged taxpayers to use them. I think there’s even less reason today to fear that there’s a Roth IRA trap. Life insurance and annuities have maintained their tax advantages for many decades despite academic and political arguments against them. That’s because insurance companies…
Snap’s stock (NYSE: SNAP) has gained roughly 26% YTD as compared to the 7% rise in the S&P500 index over the same period. That said, at its current price of $11, it is trading at the same level as the fair value of $11 – Trefis’ estimate for Snap’s valuation. The company posted mixed results in the fourth quarter of 2022, with earnings beating the consensus but revenues missing the expectations. It reported total revenues of $1.3 billion, marginally above the year-ago period. Snap, like its peer Meta, suffered in 2022 due to the Apple AAPL iOS privacy update, restricting…
