Author: News Room
One of the most common emotions connected with money isn’t excitement, fear or even uncertainty. It’s ‘shame.’ This shame around money can cause deep havoc to the financial wellbeing because it’s often mixed with another common theme for American savers: A lack of financial education and knowledge. Both of these realities – lack of financial education and the shame around finances – work in tandem to derail goals, drive higher debts and reduce the potential for long-term security. Yet, in the U.S., financial literacy isn’t improving – and may be getting slightly worse. According to the annual P-Fin Index conducted…
The French far-right leader Marine Le Pen and party chief Jordan Bardella wore broad smiles as they pitched their “ticket” to voters with a view to taking power in 2027 — with her as president and him as prime minister. Using the original English word, the official unveiling of their duo in January was a new move in the context of French politics, where the president is elected directly and the post holds powerful institutional functions. Prime ministers are named afterwards to run the government and often sacrificed when presidents need to reboot in a crisis.The announcement in a joint interview…
Listen below or on the go on Apple Podcasts and Spotify Nonfarm payrolls are expected to rise by 200,000. (0:17) Why Apple may be the place to be. (3:12) Wall Street myth busting. (6:40) The following is an abridged transcript: Independence Day will mean low volume and a largely quiet week for Wall Street. But there will be some fireworks on Friday as well as Thursday for Fed nerds like me (while I’m not watching fellow colonials New Zealand take on England in cricket with the great commentary of Franke MacKay.) The stock and bond markets will close early on…
Mortgage rates increased this week for the first time in a month, returning above 7% as the home affordability crisis continues to hurt demand in the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage rose to 7.03% this week from 6.94% last week. The average rate on a 30-year loan was 6.79% a year ago. The average rate on the 15-year fixed mortgage also climbed to 6.36% from 6.24% last week. One year ago, the rate on the 15-year fixed note averaged 6.18%. Read the full article…
Since I have been a Roger Federer fan for decades, I was eager to watch the new documentary Federer: Twelve Final Days. We get to watch Federer from the time he announces his retirement until he plays his final match at the Laver Cup. What we witness is how difficult it is for him to let go of his calling and identity for most of his life. Federer talks about his emotions at the end of his career and how he plans to still be associated with tennis in some way. He acknowledges how tennis has been so good to…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sir Keir Starmer has warned the Labour party not to take the result of Thursday’s general election for granted as he said there were still “millions” of undecided voters across the country.With Labour 20 points ahead of the Conservatives in the opinion polls, the party is trying to avoid looking complacent on the eve of what could be a historic landslide victory after 14 years in opposition. Speaking at a rally of activists and high-profile supporters on Saturday afternoon, the Labour leader…
Nike stock crashed almost 20% after the company reported solid results for Q4 FY 2024, but offered weaker than expected guidance: The world’s leading sports apparel and footwear company said that it expects sales for FY 2025 to be down by about mid single digit. On a long-term basis, however, I think the sell-off creates an attractive opportunity for investors to buy a high quality franchise at bargain prices. In my view, Nike is poised to remain a winner in the sports industry, due to unparalleled brand strength, global market presence, and a best-in-class athlete endorsement strategy. As a function…
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 7.000% as of May 31, which is 0.125 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.375%, which is unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate…
When you receive Social Security retirement benefits while working, you could run into one of the more complicated and confusing rules, the Social Security earned income limit, or earnings test. The rule exists because Congress historically discouraged people from working while receiving Social Security benefits. You can receive Social Security retirement benefits anytime beginning at age 62 without regard to whether you are retired. But at certain ages, if you’re receiving retirement benefits and your earnings exceed a limit, your retirement benefits will be reduced. Most people believe you lose Social Security benefits in those cases, but that’s not really…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nike shares plummeted on Friday after the world’s largest sportswear maker by revenue warned that its sales would fall this year, rattling retail stocks from JD Sports to Foot Locker.Nike late on Thursday reported weaker than expected quarterly sales and lowered its outlook for the year ahead, projecting that revenue would fall by a mid-single-digit percentage amid a slowdown in demand. The earnings miss follows a protracted restructuring initiated by management in December, when it also suffered a steep stock drop after…
