Author: News Room

Vice President Kamala Harris on Wednesday will unveil a new proposal to provide small businesses with a $50,000 tax deduction for startup expenses, ten times the current $5,000 allowable deduction, according to a Harris campaign official who was granted anonymity to share details of a proposal that is not yet public.Harris will roll out the new plan at a presidential campaign event in New Hampshire on Wednesday, part of her broader kick-off of the post-Labor Day two-month sprint to Election Day.Under the proposal, new small businesses could spread the deduction out over several years, or delay claiming the $50,000 tax…

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. The interest rate on a 30-year fixed-rate mortgage is 6.625% as of July 29, which is unchanged from Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is 0.115 percentage points lower than Friday. With mortgage rates changing daily, it’s a good idea to check today’s rate…

Major milestones are a good opportunity to pause, reflect, and think about where we are heading. This year is a major milestone for the retirement industry as the Employee Retirement Income Security Act of 1974 (ERISA) reaches its 50th anniversary today. ERISA is the federal law that for the first time set important standards for most voluntarily established retirement and health plans in the private sector to protect individual participants and beneficiaries. Key provisions of ERISA require plans to provide participants with essential plan information; set minimum standards for participation, vesting, benefit accrual, and funding; establish fiduciary responsibilities for those…

The US captured an ISIS leader who helped escapees of the terror group after they fled a detention facility in Syria, according to US Central Command. Working with the Syrian Democratic Forces, the US captured Khaled Ahmed al-Dandal early Sunday morning. Al-Dandal helped ISIS fighters who had escaped from detention facilities in Syria, including recently escaped fighters, CENTCOM said. Last week, five ISIS detainees escaped from the Raqqa detention facility in Syria. The Syrian Democratic Forces recaptured two of the escapees, but the other three remain at large, CENTCOM said. More than 9,000 ISIS detainees are held in over 20…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.France is starting up its first newly built nuclear reactor in a quarter of a century, 12 years behind schedule and after multiple setbacks as the industry looks to a revival with plans for more new plants. EDF, the French state-owned operator of Europe’s biggest fleet of nuclear power stations, said late on Monday that the first chain reactions — or so-called divergence operations — at the Flamanville 3 reactor on France’s Normandy coast were due to get under way overnight.If these are…

There’s been a lot of focus on semiconductors as AI mania has run wild in investors’ minds for the past year and a half. Nvidia (NVDA) has obviously been the biggest beneficiary here, but there are plenty of other companies in the industry worth considering and getting exposure to. If you’re still bullish on semis despite the huge run-up that’s already taken place, then you may want to consider the iShares Semiconductor ETF (NASDAQ:SOXX). This fund lets you invest in the semiconductor industry, which forms the base of modern tech and looks set to grow a lot in the next…

Linda Deutsch, a special correspondent for The Associated Press who for nearly 50 years wrote glittering first drafts of history from many of the nation’s most significant criminal and civil trials — Charles Manson, O.J. Simpson, Michael Jackson, among others — died Sunday. She was 80. Deutsch was diagnosed with pancreatic cancer in 2022 and underwent successful treatment, but the cancer returned this summer. She died at her Los Angeles home, surrounded by family and friends, said nurse Narek Petrosian of Olympia Hospice Care. AP chief United Nations correspondent Edith Lederer was among those with Deutsch at the end. They…

Elon Musk-controlled satellite internet provider Starlink has told Brazil’s telecom regulator Anatel it will not comply with a court order to block social media platform X in the country until its local accounts are unfrozen.Anatel confirmed the information to Reuters on Monday after its head Carlos Baigorri told Globo TV it had received a note from Starlink, which has more than 200,000 customers in Brazil, and passed it onto Brazil’s top court.Supreme Court Justice Alexandre de Moraes last week ordered all telecom providers in the country to shut down X, which is also owned by billionaire Musk, for lacking a…

Israeli Prime Minister Benjamin Netanyahu on Monday pushed back against a new wave of pressure to reach a cease-fire deal in Gaza after hundreds of thousands of Israelis protested and went on strike and U.S. President Joe Biden said he needed to do more after nearly 11 months of fighting.In his first public address since Sunday’s mass protests showed many Israelis’ furious response to the discovery of six more dead hostages, Netanyahu said he will continue to insist on a demand that has emerged as a major sticking point in talks — continued Israeli control of the Philadelphi corridor, 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. The interest rate on a 30-year fixed-rate mortgage is 6.625% as of July 30, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…