Author: News Room

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 June 25, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.000%, which is also unchanged from yesterday.  With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…

If you’ve ever inherited a retirement account, you’ve probably wondered how to use the funds best. Your new account can help jump-start your journey towards financial freedom. Converting some of your inherited IRA to a Roth account could be a great way to minimize your taxes on retirement income. Can You Convert An Inherited IRA To A Roth IRA? When you inherit an IRA from a person other than your spouse, you cannot directly convert it into a Roth IRA. However, there can be strategies to help get some or all of the assets from your newly inherited IRA into…

CNN talks to Trump’s lead defense attorney after dismissal of classified documents case Todd Blanche, former President Donald Trump’s lead defense attorney, speaks to CNN’s Kaitlan Collins after special counsel Jack Smith said that he is appealing a judge’s decision to throw out the indictment against Trump concerning his handling of classified documents. Read the full article here

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseSemiconductor stocks tumbled on Wednesday after former US president Donald Trump said Taiwan should pay for its own defence and the US was reported to be considering tougher restrictions on trading chips with China.The tech-heavy Nasdaq Composite index fell 2.8 per cent in New York, marking its worst day since December 2022. The S&P 500 index was 1.4 per cent lower, ending a three-session winning streak.“Investors have got used to nonstop good news from tech stocks, so the slightest…

The reason that Vital Energy (NYSE:VTLE) got a lot of the acquired acreage in the first place is that much of the acreage is smaller amounts that do not appeal to the larger companies because such size “does not move the needle.” Additionally, the operators had such high costs (as much as $60 breakeven per BOE) that the acreage probably did not appeal to a lot of buyers. Therefore, there was reduced competition for the acreage, even though the location was better than what the company already had. The last article looked hard at profitability and the effect of that…

Tech shares slumped Wednesday as investors shed the behemoths that fueled Wall Street’s monster stock rally this year. The Nasdaq Composite index tumbled 2.8%, logging its worst day since December 2022. The S&P 500 lost 1.4%. The Dow rose 0.6%, closing at another record high and above 41,000 for the first time. That comes exactly two months after the Dow first closed above the 40,000 level. Shares of tech heavyweight Nvidia (NVDA) slumped 6.6% and rival chipmaker Advanced Micro Devices (AMD) shares dropped by 10.2%. The selloff comes after a Tuesday report from Bloomberg that the Biden administration is mulling…

President Joe Biden said in an interview airing Wednesday that he might reconsider his decision to stay in the race against Donald Trump if a medical condition emerged.”Is there anything that you would look to you, personally … to say, ‘If I see that, I will reevaluate?'” BET host Ed Gordon asked Biden in an interview conducted Tuesday.”If I had some medical condition that emerged, if somebody, if doctors came to me and said, ‘You got this problem, that problem,'” Biden replied, according to a video clip shared Wednesday ahead of the broadcast.Biden, 81, has come under increasing pressure from…

United Airlines’ second-quarter profit rose more than 20% from last year as strong demand for international travel boosted the carrier’s results, but its third-quarter forecast came in shy of estimates as an oversupply of flights weighs on fares.United said Wednesday that it expects to earn between $2.75 and $3.25 a share on an adjusted basis in the current quarter, lower than the $3.44 a share analysts polled by LSEG estimate.Here’s what United reported for the second quarter compared with what Wall Street expected, based on average estimates compiled by LSEG:Earnings per share: $4.14 adjusted vs. $3.93 expectedRevenue: $14.99 billion vs. $15.06 billion expectedUnited earned…

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. During the week of July 8, 2024, average private student loan rates decreased for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year fixed-rate loans and 5-year variable-rate loans. 10-year fixed rate: 7.29%, down from 7.48% the week before, -0.195-year variable rate: 10.94%,…

The cost of living has risen to the point that most Americans are feeling the pressure. An astounding 80% of Americans have experienced a cost of living creep in the last few years, a Credit Karma study found. This cost of living creep means that consumers are spending more money to afford the same amount of goods or services as they did in the past. About 66% of those surveyed said the rising cost of living is holding them back from meeting their financial goals.A lack of rising incomes and high interest rates are two of the biggest factors contributing…