Author: News Room
This story is part of CNBC’s “Transmission Troubles” series, an inside look at why the aging electrical grid in the U.S. is struggling to keep up, how it’s being improved and why it’s so vital to fighting climate change.Wind and solar power generators wait in yearslong bureaucratic lines to connect to the power grid, only to be faced with fees they can’t afford, forcing them to scramble for more money or pull out of projects completely.This application process, called the interconnection queue, is delaying the distribution of clean power and hampering the U.S. in reaching its climate goals.The interconnection queue…
Many factors determine how much money you’ll earn after college. But where you go to school may also play an important role.If your goal after college is to earn the highest possible salary, California Institute of Technology may be the best choice, according to a new New York Times ranking tool. The tool allows you rank colleges based on your own priorities, whether that’s post-grad earnings, net price, campus safety or more. The Times used Department of Education data to inform the tool’s rankings, and specifically looked at median income in 2020 among those who attended the schools 10 years ago…
Sixty-one percent of U.S. companies said they plan to lay off employees in 2023 and are likely to pause hiring this year, according to a recent survey. Additionally, of the business leaders that said layoffs were imminent, 57% said they planned to layoff 30% or more of their workforce this year, according to a ResumeBuilder.com survey. A still-too-tight labor market has been cited as one of the Federal Reserve’s concerns over the effectiveness of its monetary policy in achieving its 2% inflation target. The economy added 517,000 jobs in January, a significant jump from the previous month, beating expectations, according to the latest employment…
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 March 9 and…
Americans are drowning in credit card debt as uncomfortably high inflation makes the cost of everyday necessities more expensive. In the last three months of 2022, credit card balances increased by $61 billion to $986 billion, according to the New York Federal Reserve Bank’s Quarterly Report on Household Debt and Credit published Thursday. That smashed the previous high of $927 billion, recorded before the COVID-19 pandemic began.Total U.S. household debt, meanwhile, climbed to a record $16.9 trillion during the fourth quarter, an increase of 2.4% from the prior three-month period. The latest data marks a major reversal from just two…
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. Private student loans make up just about 7.6% of the trillion-dollar student loan market, according to data exchange platform MeasureOne. But private student loan borrowers carry a total $123 billion-plus share of Americans’ total student loan debt. The broad student loan forgiveness which President Joe Biden announced on Aug. 24 doesn’t…
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 risen for three key terms and fallen for one term since yesterday. Rates last updated on March 28, 2023. These rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000…
Low inventory and rising interest rates will likely be a factor in the spring real estate market in North Central New Jersey. The recently released February 2023 market report from Turpin Realtors, which covers Essex, Hunterdon, Morris, Somerset and Union counties, is a predictor of the upcoming prime season. “February typically is when we begin to see spring trends percolate,” said John Turpin, president of Turpin Realtors. Here are some takeaways from the report. Tight Inventory The number of new listings at all price points is down more than 32% compared to February 2022, from 1,435 to 975. Turpin doesn’t…
When choosing a credit card, you should consider the value rather than just just the cost. At $695 per year, the American Express AXP Platinum Card is one of the most expensive credit cards on the market. Depending on your spending and amount of travel, you may get huge value from this card. On the other hand, some of you may be better off with another credit card with a lower annual fee. Keep reading as this fun financial planner shares how to evaluate whether the $695 American Express Platinum annual fee is worth it. The value of some benefits…
Tax Notes legal reporter Caitlin Mullaney discusses ChatGPT’s understanding of tax. This transcript has been edited for length and clarity. David D. Stewart: In a world where taxes are complex and confusing and taxpayers are left feeling overwhelmed and frustrated, a new hero emerges, the AI chatbot. But can these digital assistants really save the day? Can they help taxpayers navigate the treacherous waters of the tax system and ensure everyone is paying their fair share? Join us on Tax Notes Talk as we explore the thrilling world of AI chatbots and tax, witness the power of these intelligent machines…
