Author: News Room
‘Shark Tank’ investor slams Harris’ proposed economic policy as ‘really bad idea’ Kevin O’Leary, “Shark Tank” judge and Chairman of O’Leary Ventures joins CNN to discuss his views on Vice President Kamala Harris’ proposed economic plan. Read the full article here
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An Israeli air strike in Lebanon killed 10 people on Saturday, according to local authorities, just hours after the latest round of talks to prevent the conflict between Israel and Hamas in Gaza spiralling into a regional war wrapped up.Israel’s military said the strike targeted a weapons storage facility near Nabatieh belonging to Hizbollah. The Iran-backed militant group and Israel have been exchanging fire since the start of the war in Gaza.Lebanon’s state news agency said the strike had hit a factory,…
Will the Federal Reserve lower its policy rate of interest or not? That is the question. But, as I keep writing, is that really the question that we should be asking? Some analysts are taking a longer look at the movements in the M2 money stock. Concerns here is that the M2 money stock has been declining for a substantial period of time. Let’s look at the chart. M2 Money Stock (Federal Reserve) The peak of the M2 money stock numbers comes in the week of April 18, 2022…just a few weeks after the Fed begins its current efforts of…
Aria Liu, 17, regularly posts shopping haul videos to her YouTube channel, which has 300,000 subscribers. She films her sprees by displaying a live feed of her laptop screen as she buys up to thousand-dollar shopping carts of clothes and makeup. “I shop so much more online,” she told CNN. “I don’t know what it is, but when I’m shopping online, money doesn’t feel real.” Liu’s not alone. Shopping hauls have existed for years, if not decades. But experts say the potent mix of products featured ubiquitously on social media feeds and popping up as algorithm-boosted recommendations; Buy Now, Pay…
Egg prices are climbing, placing the household staple back in the spotlight as consumers stay concerned not only about inflation but the absolute level of prices.July marked a third straight month that egg prices rose on an annual basis, a reversal from a year of relative decreases. The culprit was a continued battle against the highly pathogenic avian influenza, known in short as HPAI or the bird flu.Prices for the vital food ingredient soared 19.1% in July compared with the same month a year prior, according to consumer price index, or CPI, data released this week. By comparison, the entire…
In 2004, Sabrina Finch returned to school to become a nurse.Her mother, Rebecca, was excited for Sabrina, then in her early 30s, to finally have a career. She’d watched for years as Sabrina struggled to get by working low-wage jobs, including in fast-food restaurants and factories.As a result, when Sabrina took out a private student loan from Navient in 2007 to complete her nursing degree, Rebecca was happy to be the co-signer on the loan.Both women have come to regret that decision.Sabrina, who is now 53 and lives in Vinton, Virginia, said her life took many difficult turns 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 median interest rate on a 30-year fixed-rate mortgage is 6.375% as of August 14, which is 0.115 percentage points lower than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.625%, which is unchanged from yesterday. Analysts are hopeful that lower interest rates are on the horizon.…
Retirees with more guaranteed lifetime income spend more in retirement and do so without worrying about running out of money. The additional spending is meaningful, according to researchers David Blanchett and Michael Finke, who recently updated research they produced in 2021. Retirees who receive steady income from Social Security, pensions, and annuities spend about twice as much as retirees who have the same amount of savings positioned in the investment markets. The researchers found that most people think differently about guaranteed income than they do about money in savings and investments. About 60% of retirees surveyed said they’re more comfortable…
The Supreme Court on Friday turned down a request from the Biden administration to enforce parts of a new federal rule meant to protect LGBTQ+ and pregnant students from discrimination in 10 states where the rule was put on hold by federal judges. The court announced its decision in an unsigned order that drew a partial dissent from the court’s three liberals and conservative Justice Neil Gorsuch. The Supreme Court’s order is the latest blow to the Biden administration, which has suffered a series of setbacks with federal courts blocking a rule that was intended to protect transgender students. Much of the…
The US, Qatar and Egypt have presented a proposal that aims to bridge gaps between Israel and Hamas after months of deadlock in talks to end the war in Gaza and secure the release of Israeli hostages. After two days of crunch negotiations in Doha involving US and Israeli spy chiefs and senior Qatari and Egyptian officials, the mediators said they would meet in Cairo before the end of next week “with the aim to conclude the deal under the terms put forward today”.The US-led talks are viewed as critical to securing a ceasefire in Gaza and easing regional tensions amid fears…
