Author: News Room

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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.The groundbreaking income-generating real estate platform, Metropoly, continues to soar after raising over $1.1 million in its presale. Investors are quickly flocking to the presale as they believe the passive income provided through rental yield on the real-estate-backed NFTs will attract a lot of attention.The presale is currently in the eleventh stage, but you need to hurry to get invested at the current prices because the next stage is about to start today with higher prices incoming. With under a month left before launch, this is certainly…

China’s banks and insurers have become the latest focus of a sweeping anti-corruption crackdown that is ensnaring top officials and risks rattling the already fragile nerves of investors and entrepreneurs. The Communist Party’s top anti-graft agency, the Central Commission for Discipline Inspection (CCDI), has investigated more than a dozen senior executives at the country’s most important financial institutions so far this year, according to a CNN analysis of statements posted on the CCDI’s website. Three big names at the very top of China’s financial system have been probed or charged, according to the CCDI, including Li Xiaopeng, the former chairman…

American Airlines is getting rid of its traditional frequent flyer award chart as the carrier moves toward dynamic pricing for mileage redemptions, the latest shift in its lucrative AAdvantage loyalty program.Starting late Wednesday, the carrier will publish starting levels for how many frequent flyer miles are likely required to redeem for a ticket in certain regions — for example, 7,500 for a one-way ticket within the contiguous 48 U.S. states and Canada. Previously, the chart showed redemption levels that were static.American in December said it would get rid of different redemption categories, MileSAAver and AAnytime awards, which have set minimum…

Tech stocks lifted the S&P 500 into the green Thursday as the market wrapped up the short trading week on a high note despite signs of a weakening labor market.The S&P 500 rose 0.36% to 4,105.02 after losing as much as 0.50% earlier. The tech-heavy Nasdaq Composite outperformed with a 0.76% gain to 12,087.96, boosted by a 3.78% rise in Google-parent Alphabet and a 2.55% rally in Microsoft shares. The Dow Jones Industrial Average inched 2.57 points higher to 33,485.29 after losing more than 150 points at its session low.The S&P 500 still lost 0.1% on the week, posting its…

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. When you have debt with mounting interest charges, it can be easy to get tunnel vision. In many cases, paying off your debt should be your top priority. But being so focused on debt payoff can sometimes make it harder to meet other important financial goals, like building an emergency savings…

Gross domestic product (GDP) increased by 2.9% annualized in the fourth quarter of 2022, according to the first advance estimate released by the Bureau of Economic Analysis (BEA). That’s continuing growth from the third quarter when GDP rose 3.2% annually, the BEA reported in December. The increase in real GDP was driven by private inventory investment, consumer spending, government spending and nonresidential fixed investment, the BEA reported. Moreover, Americans’ personal income increased by $311 billion in the fourth quarter. That’s up from an increase of $283.1 billion in the third quarter.”The big picture view of economic growth in the fourth…

With President Biden’s student loan forgiveness plan hanging in the balance, borrowers can still count on resuming payments later this year with a clean slate. That’s because over $34 billion of defaulted loans have been made current under the administration’s Fresh Start program. On Tuesday, the U.S. Supreme Court heard arguments in two cases against Biden’s student loan forgiveness plan. The plan would cancel up to $10,000 in federal loans per borrower and up to $20,000 per borrower for those who used Pell Grants in college, eliminating about $441 billion in outstanding student debt.The first case involved six states that argued the plan…

Although the Federal Reserve voted to raise rates another .25% at its second meeting of the year, there was a silver lining in the announcement. In his opening statement, Fed Chair Jerome Powell indicated significant rate hikes may not be needed going forward, which will bring much needed relief and stability to the commercial real estate market. Investors were bracing for a .50% bump following Powell’s congressional testimony several weeks earlier during which he implied a larger rate increase might be warranted in response to stronger than expected economic indicators, especially in the labor market. Additionally, the annual inflation rate…