Author: News Room
President Joe Biden did not assuage Democratic anxieties about his 2024 reelection bid against former President Donald Trump during a highly-anticipated ABC News interview on Friday night, his first televised interview since his fumbling debate performance in June.On Saturday, House Rep. Angie Craig, D-Minn., officially called on Biden to bow out of the presidential race.”This is not a decision I’ve come to lightly, but there is simply too much at stake to risk a second Donald Trump presidency,” Craig said in a statement on Saturday morning. “That’s why I respectfully call on President Biden to step aside as the Democratic…
Today’s homebuying market remains in the hands of the sellers, with competition still hot and prices fluctuating. There are a few states that are slightly more affordable than others, Zillow found in a recent study. Cities in Texas and Florida make up most of Zillow’s top 10 best places for homebuyers. The two states make up seven of the 10 metros listed. These areas have slightly less competition, particularly thanks to new-build homes.”Prospective buyers in most markets today are feeling less intense competition than in recent spring shopping seasons. Pressure is easing up as mortgage rates raise costs and sellers…
I’ve got good news: You’re antifragile. We, as humans, are antifragile. And our financial plans can be, too. Have you noticed how great books consistently refer to other great books? I’m currently reading Jonathan Haidt’s newest book, The Anxious Generation, specifically focused on how a couple of systemic parenting mistakes have seriously impacted at least one generation—Gen Z—negatively. Haidt suggests parents were simultaneously too permissive and too protective with this generation. They were too permissive with the rise of technology. In their defense, this technology was emergent, and nobody really knew how bad it could be, but both Gen Z…
Former President Donald Trump on Friday sought to distance himself from a closely aligned conservative group’s plans to radically reshape the federal government and American life should the former president win a second term. In a post to his social media site, Trump claimed, “I know nothing about Project 2025,” the name given to a playbook crafted by the Heritage Foundation to fill the executive branch with thousands of Trump loyalists and reorient its many agencies’ missions around conservative ideals. “I have no idea who is behind it,” Trump continued on Truth Social. “I disagree with some of the things they’re…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Political narratives are extremely hard to shift once they have set. There are still people who erroneously attribute Labour’s 1992 election defeat to Neil Kinnock’s over-exuberance at a party rally. Now, as the Conservative party digests the most unpalatable result in its entire history, the first battle will be to set the official version of why they lost. And since this is central to the looming leadership contest, the fight has already begun. In fact it started well before the election.Where all…
There are some excellent opportunities among high yield preferreds with the potential to capture stable double-digit yields. We are also seeing capital gains potential with some trading at steep discounts to par value despite a high chance of redemption at par in the next few years. In response to this opportunity, we have been posting our research such as our recent piece on Chimera Investment Corporation preferreds (CIM). There are, however, quite a few traps in the area as well so I want to shed equal light on the risks. One must tread carefully and fully research each company to…
When ABC News first secured its exclusive interview with President Joe Biden, the rollout plan was paint-by-numbers. But these are not normal times. So ABC accelerated its timing. Anchor George Stephanopoulos is expected to interview Biden on Friday in Wisconsin, the president’s first extended interview with a major media network since his disastrous debate performance last week that has led many in the Democratic Party to question whether Biden should be the nominee. ABC had planned to release clips Friday evening, and the whole interview would air during Stephanopoulos’ Sunday morning show, “This Week With George Stephanopoulos.” Recognizing this extraordinary political moment,…
Young, wealthy investors don’t want their parents’ investments.If you’re between the ages of 21 and 43 and have at least $3 million in investable assets, your preferred investments likely aren’t your traditional mix of stocks and bonds, according to new research from Bank of America.Nearly one-third of young, wealthy investors’ portfolios are in alternative assets like hedge funds, private equity, and crypto and digital assets, according to Mike Pelzar, head of investments at Bank of America Private Bank.Meanwhile, less than half of their portfolios are in traditional stocks and bonds.Where wealthy investors ages 21 to 43 see greatest opportunities for…
With his reelection campaign facing an existential crisis, President Joe Biden will sit for a rare one-on-one news interview Friday that the White House hopes will ease his fellow Democrats’ concerns about his age and fitness for office.But it is far from clear if a single interview, even a successful one, can reverse the damage from the 81-year-old incumbent’s weary, raspy performance in last week’s presidential debate against 78-year-old Republican former President Donald Trump.Biden is scheduled to speak with ABC News anchor George Stephanopoulos during a campaign trip to Madison, Wisconsin. ABC will broadcast the interview during a “primetime special”…
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 June 24, 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, while rates increased for borrowers taking out 5-year variable-rate loans. 10-year fixed rate: 7.87%, down from 7.97% the…
