Author: News Room
The Secret Service denied some of former President Donald Trump’s requests for additional security resources over the past two years, an official with the agency confirmed to NBC News.The Secret Service official said extra security accommodations could not always be made for Trump due to the department’s limited resources. The Washington Post was first to report the Secret Service’s acknowledgement.The requests that were denied did not pertain to the July 13 shooting at Trump’s Pennsylvania rally where the former president was injured, one person was killed and two others were critically wounded.”In some instances where specific Secret Service specialized units…
July is often thought of as a time for home improvement projects, well-deserved vacations and leisurely day trips. In addition to these activities, financial pros say that the mid-year month of July is an ideal opportunity to assess your financial situation so you’re better prepared for the rest of the year. FOX Business asked money experts about why it’s important to take the time to check in on your money matters and how to implement a plan to achieve your short-term goals and long-term aspirations. Here’s how to get started.Why is now an ideal time for a mid-year money check-in? …
President Biden has announced a new student loan bailout for 35,000 borrowers through “Public Service Loan Forgiveness,” a program that Biden says has brought the total number of people getting debt relief from his administration to 4.76 million. Under the new plan, eligible public service workers get an average of $35,000 in debt relief, a statement from Biden’s administration said, totaling about $1.2 billion. “These 35,000 borrowers approved for forgiveness today are public service workers – teachers, nurses, law enforcement officials, and first responders who have dedicated their lives to strengthening their communities,” the statement said. “And because of the fixes…
There’s good and bad news for mortgage rates this week. The good news is rates have continued their slow downward trend, averaging 6.87% on 30-year, fixed-rate mortgages, Freddie Mac reported. Although this is promising, lowering interest rates is far from the norm. Last week, 30-year mortgages had average rates of 6.95%. However, compared to a year ago when rates averaged 6.67%, this week and last week’s rates are still relatively high. Still, any improvement is better than nothing.”Mortgage rates fell for the third straight week following signs of cooling inflation and market expectations of a future Fed rate cut,” Freddie…
The IRS has issued more guidance on the required minimum distribution (RMD) rules—this time in the form of final regulations. The final regulations offer some clarity on the withdrawal and eligibility requirements for inherited IRAs. RMDs By law, you are required to withdraw funds from your retirement account each year after you reach age 73 (climbing to 75 in 2033). That amount is referred to as a required minimum distribution, or RMD. Typically, the amount you’re required to withdraw is figured each year by dividing your previous end-of-year account balance by your life expectancy. You’ll find your life expectancy factor…
Former President Bill Clinton and former Secretary of State Hillary Clinton have been privately encouraging donors in recent weeks to continue financially supporting President Joe Biden’s campaign, according to two sources familiar, in the aftermath of Biden’s disastrous debate performance that has sent the Democratic Party spiraling into chaos. One of the sources said the Clintons are choosing to be “deferential to Biden’s decision.” However, the second source, who is familiar with the Clintons’ thinking and has spoken with the couple in recent days, insisted that it is more accurate to say they are “deferential to the process.” According to…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israeli jets struck several targets including energy infrastructure in the Yemeni port of Hodeida on Saturday in response to a drone attack by Houthi militants that killed one person in Tel Aviv the day before.The Israel Defense Forces said they had hit “military targets” in the port, in retaliation for repeated attacks against Israel by Iran-backed Houthi militants since the war between Israel and Hamas in Gaza erupted last year.“The Houthis attacked us over 200 times. The first time that they harmed…
PDD Holdings (NASDAQ:PDD), also known as Pinduoduo, is a leading e-Commerce platform in China and one of the top three Chinese e-Commerce companies, next to Alibaba (BABA) and JD.com (JD), that dominate the market. PDD Holdings offers a variety of e-Commerce and related services such as fulfillment and logistics and Pinduoduo owns the hugely popular, deal-focused e-Commerce platform Temu. PDD Holdings is seeing strong tailwinds for its gross profits and net income and generating a ton of free cash flow. While not as cheap as either Alibaba or JD.com, PDD Holdings is well-positioned to deliver sustainable growth for shareholders and…
Taking your romantic relationship to the next level — sharing a home — is a big deal in so many ways. If you opt to live together instead of marrying, you may think you’re saving money (e.g., no wedding!) and keeping your financial and legal independence from each other. In some ways you may be. But there are a lot of financial and legal considerations that you both should hash out before calling the movers. That is especially the case for couples over 50 — for whom living together may seem the easier option if they have already had long-term…
Vice President Kamala Harris has gained more public support from Democratic lawmakers as a potential replacement for President Joe Biden, should he decide to drop out of the race against former President Donald Trump.California Rep. Mark Takano on Saturday became the thirty-sixth Democrat on Capitol Hill to call on Biden to exit the race on the record. He added that he believes Harris should be the one to helm the ticket.”President Biden’s greatest accomplishment remains saving democracy in 2020. He can and must do so again in 2024 — by passing the torch to Vice President Harris as the Democratic…
