Author: Press Room
As President Joe Biden isolated at his beach house in Rehoboth, Delaware, on Thursday after testing positive for Covid, he faced renewed pressure from leading Democrats to drop out of the 2024 election contest against former President Donald Trump.Biden, who for weeks has flatly rejected calls to step aside and allow another nominee to take his place, is now said to be more open to listening to top Democrats about the risk of him remaining in the race. He has also reportedly asked advisers in recent days whether they believe his vice president, Kamala Harris, could beat Trump in November.”We’re…
US stocks sold off broadly Thursday as Wall Street continued to shed tech stocks. The Dow fell 554 points, or 1.3%, retreating from a record high reached a day ago. The S&P 500 fell 1.1%. The Nasdaq Composite fell 1.2%, extending its losses after logging its worst day since 2022 on Wednesday. “A correction was overdue and no one will be surprised if the market regains its momentum by the end of earnings season,” wrote Louis Navellier, chairman of Navellier & Associates, in a Thursday note. Investors have this week moved out of the Magnificent Seven tech stocks that powered…
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Donald Trump’s selection of JD Vance as his running mate cements the Republican party’s shift from the free-market conservatism of the Reagan and Bush eras to the economic populism of the Make America Great Again movement.And if they win in November, the impact of the Trump-Vance economic agenda on everything from global trade to corporate taxes could be huge — and unsettling for US business and allies. “People like JD Vance . . . are just being realistic about the 21st century global economy — it has different challenges than the challenges of Ronald Reagan’s economy,” said Nick Iacovella from the Coalition for…
President Joe Biden tested positive for Covid-19 on Wednesday and is experiencing mild symptoms, according to the White House. Biden, 81, tested positive following his first event in Las Vegas, where he was expected to later speak at the UnidosUS annual conference. The president’s doctor said Biden has received his first dose of Paxlovid, and will be self-isolating at his home in Rehoboth Beach, Delaware, in line with US Centers for Disease Control and Prevention guidance. “The President presented this afternoon with upper respiratory symptoms, to include rhinorhea (runny nose) and non-productive cough, with general mailaise,” a note from Biden’s…
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…
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…
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 clock is ticking to fix Social Security’s funds.The next White House administration may have a powerful role in shaping the program’s future.Social Security’s combined trust funds are projected to last until 2035, at which point 83% of benefits will be payable, the program’s trustees projected earlier this year. Yet the fund Social Security relies on to pay retirement benefits is due to run out sooner, in 2033, when 79% of those benefits will be payable.Both President Joe Biden and former President Donald Trump have promised not to touch benefits, though Trump alluded to cutting entitlements in a March CNBC…
