Author: News Room

Minnesota Gov. Tim Walz, the Democratic vice presidential nominee, defended his military record during remarks in Los Angeles on Tuesday, saying he is “damn proud” of his service in the Army National Guard. Speaking to the American Federation of State, County and Municipal Employees union convention, Walz addressed attacks from Republicans, including GOP vice presidential candidate JD Vance, who have claimed he misrepresented his military record and falsely suggested he evaded an overseas deployment. “These guys … are even attacking me for my record of service, and I just want to say, I’m proud to have served my country, and…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Starbucks has ousted chief executive Laxman Narasimhan, replacing him with Chipotle’s Brian Niccol, as the world’s largest coffee chain responds to falling sales and pressure from an activist investor, unionised baristas and its former boss.Narasimhan is stepping down immediately, while Niccol will leave burrito chain Chipotle Mexican Grill at the end of this month and start his new role on September 9, Starbucks said on Tuesday. Chief financial officer Rachel Ruggeri will run the company in the interim.Niccol’s appointment sparked sharp share…

Investment Thesis As concerns about a potential US recession loom, investors are worried that companies, like Costco Wholesale Corporation (NASDAQ:COST) may fall victim. Other US retailers, such as Dollar Tree, Inc. (DLTR), have already reported signs of weakening consumer spending (which I will expand on later in this article), indicating that some segments of the market are under pressure. At first glance, Costco might appear vulnerable to these same recessionary fears. However, I think this perspective overlooks the advantages that Costco possesses, positioning themselves to not only withstand economic downturns but to actually benefit from one. The main offering of…

Nearly two years after Elon Musk bought Twitter and turned it into X, the billionaire is leveraging its power as a source of real-time news for millions of users to try to sway the outcome of the 2024 presidential election in favor of former President Donald Trump. Musk has already asserted his voice in the political sphere for months. He’s pushed racist conspiracy theories about the Biden administration’s immigration policies, obsessed over the “woke mind virus,” a term used by some conservatives to describe progressive causes, and warned of the country’s impending “doom” if a “red wave” does not materialize in November. But now…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market comeback: Stocks are having a strong day, boosted by the encouraging wholesale inflation data released earlier Tuesday. At roughly 5,420 on the S & P 500 , the broader market has fully recovered all its steep losses related to the so-called “yen carry trade” from last Monday . In addition, the S & P 500 is almost back to where it was before the soft July jobs report on Aug.…

Former President Donald Trump is facing a wave of calls from Republican supporters to focus his political attacks against Vice President Kamala Harris on policy critiques and to scale back his ad hominem insults and conspiracy theories.”The path forward is to focus on policy. Those are three words for the Republican Party that I think is a path to success: Focus on policy,” former GOP presidential candidate Vivek Ramaswamy said Tuesday on NPR.”I think Donald Trump has a strong case on all of those counts, and I think he and the Republican Party would be well served to focus on…

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 6.875% as of July 11, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is 0.135 percentage points lower than yesterday.  With mortgage rates changing daily, it’s a good idea to check today’s rate…

When you think about retirement, you might picture sunny Florida, with its warm climate and retirement communities. But it’s not the best state to retire, according to a new report from Bankrate, which just issued its annual ranking of the best states to retire in the U.S. To create the comprehensive analysis, Bankrate used data from several sources, including the Tax Foundation, the Council for Community and Economic Research, the U.S. Census Bureau and the National Oceanic and Atmospheric Administration. States were evaluated across five categories, including affordability (40%), overall well-being (25%), quality and cost of health care (20%), weather…

A super PAC aligned with former President Donald Trump’s campaign says it will spend $100 million on ads between now and Labor Day as Trump looks to recapture momentum that has faltered since Democrats coalesced around Kamala Harris as their presidential nominee. As part of the $100 million in spending, Make America Great Again, Inc., will be launching a new $70 million wave of TV and digital ads in Michigan, Wisconsin, Nevada and North Carolina and expanding its efforts in Pennsylvania, Georgia and Arizona, the group’s executive director, David Lee, and senior adviser, Chris Grant, wrote in a new memo.…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseElon Musk clashed with the EU ahead of a planned interview with Donald Trump on X as a war of words broke out between Brussels and the technology billionaire’s social media platform over content related to the US election. The dispute erupted as Trump, the Republican US presidential nominee, returned to X on Monday with a number of posts on a social media platform that had once banned him, just hours before the interview with Musk. The billionaire’s planned…