Author: Press Room
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…
President Joe Biden said in an interview airing Wednesday that he might reconsider his decision to stay in the race against Donald Trump if a medical condition emerged.”Is there anything that you would look to you, personally…to say, ‘if I see that, I will reevaluate?'” BET host Ed Gordon asked Biden in an interview conducted Tuesday. “If I had some medical condition that emerged, if somebody, if doctors came to me and said, ‘you got this problem, that problem,'” Biden replied, according to a video clip shared Wednesday ahead of the broadcast.Biden, 81, has come under increasing pressure from members…
Tech shares slumped Wednesday as investors shed the behemoths that fueled Wall Street’s monster stock rally this year. The Nasdaq Composite index tumbled 2.7% and the S&P 500 lost 1.3%. The Dow rose 0.5%. Shares of tech heavyweight Nvidia (NVDA) slumped 6.2% and rival chipmaker Advanced Micro Devices (AMD) dropped by 7.8%. The selloff comes after a Tuesday report from Bloomberg that the Biden administration is mulling plans to impose more sanctions on Chinese tech firms and to heighten semiconductor trade restrictions between the US and China. The US Commerce Department did not immediately respond to CNN’s request for comment.…
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As we all know, the Federal Reserve has raised rates to 5.00-5.25% recently in a monetary tightening effort to slow down inflation. When the interest rate is higher, we are more tempted to invest in a high yield savings account to get that slice of that cake. However, the window of opportunity will soon be closing. As inflation rates fall, the Fed will eventually scale back interest rates, with an eventual goal of a paltry 2.00-2.50% rate. This will certainly leave investors looking for alternative high yield investments. The BDC (business development company) sector comes to mind, where the investment…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseUS officials received information about an Iranian threat to former president Donald Trump, prompting the Secret Service to increase security around him ahead of last weekend’s failed assassination attempt, according to people familiar with the matter.There are no indications that the attack on Trump by Thomas Crooks was connected to the Iranian plot, said US officials.“As we have said many times, we have been tracking Iranian threats against former Trump administration officials for years, dating back to the last…
Former Trump lawyer Rudy Giuliani says he has “no regrets” about falsely accusing two Georgia election workers of rigging the 2020 election. “I have no regrets at all. I’m on the side of justice, right and truth,” Giuliani said in an interview Tuesday on the convention floor of the Republican National Convention in Milwaukee, where he repeated his past denials of having defamed anyone. The former New York City mayor and onetime attorney to former President Donald Trump, who isn’t an expected speaker at the convention this week, compared his legal plight to “the Japanese internment during the second war,” referring to…
It’s that time of year when a storm developing in the Caribbean has the potential to become a hurricane. That’s when an early warning system becomes so important. This integrated system of hazard monitoring, forecasting and prediction, disaster risk assessment, communication and preparedness activities systems helps people get ready to take appropriate action, including evacuation, if necessary. A hurricane can be devastating for those in its path but it also has a significant impact on many others, including first responders, volunteers, and reconstruction workers. IRA Impact Not All Positive In the world of Medicare, the Inflation Reduction Act is making…
