Author: News Room

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 have held steady across all key terms since last Friday. Rates last updated on March 27, 2023. These rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000 Trustpilot reviews with…

If you’re considering selling real estate in Manhattan or Brooklyn, you’re probably wondering how long it will take and, more importantly, how much you’ll get. The usual measures — days on market and listing discounts — attempt to answer those questions by looking at the time between the original listing date and the contract signed date and the difference between the final price and the original asking price. The results, typically calculated as medians to cull outliers, are, at best, rough estimates, and should be used as guidelines to set outside expectations. In practice, if your asking price is right,…

There are many financial planning considerations before, during, and after a divorce. A key part of the process from a financial standpoint is dividing the assets. Generally, couples split the value of their assets 50-50 (though not always). But that doesn’t mean the actual assets are just split down the middle, and some assets are much more favorable from a tax perspective than others. Once the divorce is finalized, a crucial (but often overlooked) part of the process is updating estate documents and beneficiary designations. Here are some key considerations when financial planning for a divorce. Money And Divorce This…

Fresh off its success in thwarting an IRS attempt to cancel two advance pricing agreements, the emboldened Eaton Corp. has filed Tax Court petitions claiming the right to use the APA-approved transfer pricing method indefinitely. According to a pair of Tax Court petitions filed March 3, Eaton has found itself fighting the IRS in court yet again. Less than a year ago, the company came away with a decisive win over the IRS in Eaton Corp. v. Commissioner, 47 F.4th 434 (6th Cir. 2022), aff’g in part, rev’g in part, T.C. Memo. 2017-147. In Eaton, the Tax Court and Sixth…

The Author Wasted No Time In Solving His Dilemma A couple of months ago I wrote an article questioning whether getting a dog at this point in my life is a good idea. While my wife and I strongly missed the companionship and unconditional love we got from our pets, our age, health status, and lifestyle were definitely considerations. We were free to travel without having to find a sitter, we didn’t have to rush home after dinner and a show to the poor pup to let him out of his crate. And we didn’t have expensive vet bills! I…

There’s some bad news for investors who don’t like having gotten burned by SPACs, the nickname for special purpose acquisitions companies. Investors put money into a public shell that is supposed to use the proceeds to buy some amazing company to take public rather than using a traditional IPO. The presumption was that people had a chance at the types of returns beyond the dreams of avarice, as the old quote goes. For at least one SPAC deal, the status quo has been an ongoing investor class action suit. But a decision from Judge Ronnie Abrams in the U.S. District…

Despite a 9% rise this year, JetBlue Airways stock (NASDAQ NDAQ : JBLU) looks like it can see higher levels. JetBlue stock has risen from $6.50 in early January to $7.04 now. This performance aligns with the 7% return for the broader S&P500 index. Looking at a slightly longer term, JBLU stock is down a significant 62% from levels seen in late 2019. This can be attributed to 1. the company’s P/S ratio, which plunged 62% to 0.3x trailing revenues from 0.7x in 2019, 2. its average shares outstanding rising 14% to 327 million, partly offset by 3. a 13%…

Gold prices recently edged to within a hare’s whisker of the metals all-time high price of $2,069 a troy ounce which it reached in 2020. It recently cost $2,045. In general investors should view that as a worrying sign. People buy gold when they are worried about inflation, geopolitical tension, weakness in the U.S. dollar, and concerns over economic instability. At least those are usually some of the major reasons. It’s no different this time. “Gold smashed through $2,000 on Tuesday as the latest JOLTS data showed openings declining and significantly so, in one of the first signs of the…

The highly anticipated release of GPT-4, the latest iteration of OpenAI’s groundbreaking language model, has sent ripples of excitement throughout the banking and fintech industry. As ChatGPT’s capabilities expand, the traditional roles of personal finance management and financial advisors may soon become obsolete, paving the way for a new era of customized and intelligent financial solutions. The latest release of GTP-4 shows how quick ChatGPT is evolving. Industry giants like Microsoft MSFT and fintech firms like Stripe recently announced integrations of ChatGTP-4, while banks like Morgan Stanley Wealth have publicly announced their internal adoption. With its increased ability to deliver…

Topline European banks bank stocks slid Monday, reinvigorating concerns about the financial system as already-turbulent markets respond to Swiss banking giant UBS purchasing stricken rival Credit Suisse in an emergency deal brokered after the failure of two U.S. banks. Key Facts Credit Suisse shares slid more than 60% at the start of trading on Monday morning in Zurich, continuing a poor streak that saw shares hit an all-time low last week. UBS shares also dropped more than 9% in early trading. Other leading European banks, including BNP Paribas, Société Générale, Santander and Deutsche Bank were also down between 3% and…