Author: News Room
The job market may have cooled a bit, but there are still far more job openings nationwide than there are people available to fill them. That means qualified workers are still a precious commodity.So, companies seeking to attract great employees like to set up shop in states that offer a great quality of life. While some states are more than happy to oblige, these are not those states. They are America’s worst states to live and work in. Each year, CNBC’s America’s Top States for Business study considers quality of life among ten categories of competitiveness used to rank the states.…
Mortgage rates were mixed this week with the standard 30-year note declining slightly for the fourth consecutive reading, while shorter-term rates ticked up a bit. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.86% this week from 6.87% last week. The average rate on a 30-year loan was 6.71% a year ago. The average rate on the 15-year fixed mortgage, on the other hand, actually increased to 6.16% from 6.13% last week. One year ago, the rate on the 15-year fixed note averaged 6.06%. Read the…
Retirement decisions are always complex and rarely easy. As a veteran retirement researcher who has written books on the subject, I find myself sympathetic to President Biden’s reluctance to “step aside” and retire. While this is a unique situation, his response is in fact quite normal. It makes perfect sense that President Biden is “defiant,” as many have called him. Most people in his situation would be. Given the psychological and social factors involved here, President Biden would have to be extraordinary to give into pressure and voluntarily give up working, despite being well beyond the traditional retirement age –…
Special counsel Jack Smith told the judge in the classified documents case in Florida that Supreme Court Justice Clarence Thomas’ criticism of his appointment should have no bearing on the criminal case against former President Donald Trump. In a brief filing Friday, Smith said that Thomas’ writing in the presidential immunity case – in a concurrence that no other justice joined – isn’t binding on US District Judge Aileen Cannon. Nor does it provide “a sound basis to deviate from the uniform conclusion of all courts to have considered the issue that the Attorney General is statutorily authorized to appoint…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseFormer New York mayor Rudy Giuliani can no longer use bankruptcy proceedings to avoid a $148mn judgment for defaming two US election workers after a judge threw out his case, clearing the way for them to pursue the homes and earnings of the one-time lawyer to Donald Trump.In his order on Friday, judge Sean Lane said Giuliani had “failed to provide an accurate and complete picture of his financial affairs in the six months that this case has been…
In the fall of 2022, I called shares of ABM Industries Incorporated (NYSE:ABM) a clean place. The company was seeing a growth acceleration, although aided by inflationary pressures. Ever since, growth slowed down amidst inflation coming down, tight labor markets and some client groups facing harsher times. Given this slower growth and modest margin pressure, earnings per share have been coming in flattish, but appeal should be seen if growth, but certainly margins, might recover going forward. This makes me cautiously upbeat on ABM here, as I am looking to buy dips, although I do not expect miracle returns here.…
Stop & Shop is closing 32 underperforming grocery stores across the US northeast as part of the company’s efforts to improve its financial performance. Shoppers are also being squeezed by higher prices at the grocery store, with food prices experiencing modest upticks last month, according to the newest inflation report. “Stop & Shop has evaluated its overall store portfolio and made the difficult decision to close underperforming stores to create a healthy base for the future growth of our brand,” said the chain’s president Gordon Reid in a release. Ahold Delhaize, the chain’s Dutch parent company, revealed the locations Friday adding…
We’re selling 50 shares of TJX Companies at roughly $115. Following Friday’s trade, Jim Cramer’s Charitable Trust will own 750 shares of TJX, decreasing its weighting in the portfolio to 2.55% from 2.7%. The market was putting the finishing touches on another strong week, with Friday’s broad-based rally bringing the gains in the S & P 500 since the start of July to about 3.5%. Given the strong run of the past two weeks, it’s prudent to lock in some gains and raise a little extra cash. We want to be ready to buy if we see more rotational action…
A New York federal bankruptcy judge on Friday in a scathing ruling dismissed the Chapter 11 bankruptcy protection case of Rudy Giuliani, immediately exposing the former Trump lawyer to his creditors seeking repayments of his massive debts in other court venues.Those creditors include two Georgia election workers, to whom Giuliani owes $148 million in civil damages for defamation from a federal district court jury award in December. The damages stem from slanderous statements the former New York City mayor made about the workers, Wandrea “Shaye” Moss, when he was trying to overturn the loss of then-President Donald Trump in the…
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 28, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
