Author: Press Room

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 6.875% as of June 28, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is also unchanged from yesterday.  With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Green day : A lot was working in the stock market on Friday. And it showed. The Dow jumped back to all-time highs, adding more than 1%, as Day 2 of the broadening out trade continued. Everything from large caps to small caps was higher. A lot was also working in Thursday’s market. But it was hard to see through an ugly rotation out of this year’s Big Tech winners in…

We’re selling 50 shares of TJX Companies at roughly $115. Following Friday’s trade, Jim Cramer’s Charitable Trust will own 750 shares of TJX, decreasing its weighting in the portfolio to 2.55% from 2.7%. The market was putting the finishing touches on another strong week, with Friday’s broad-based rally bringing the gains in the S & P 500 since the start of July to about 3.5%. Given the strong run of the past two weeks, it’s prudent to lock in some gains and raise a little extra cash. We want to be ready to buy if we see more rotational action…

Stop & Shop is closing 32 underperforming grocery stores across the US northeast as part of the company’s efforts to improve its financial performance. Shoppers are also being squeezed by higher prices at the grocery store, with food prices experiencing modest upticks last month, according to the newest inflation report. “Stop & Shop has evaluated its overall store portfolio and made the difficult decision to close underperforming stores to create a healthy base for the future growth of our brand,” said the chain’s president Gordon Reid in a release. Ahold Delhaize, the chain’s Dutch parent company, revealed the locations Friday adding…

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In our last coverage of Diversified Royalty Corp. (TSX:DIV:CA), we told you why we were shying away from the common shares and preferred to perch up in the capital structure. So we see the debt as very low risk here and would happily add to it in a market swoon. The common shares do offer a high yield, but we don’t see it as that attractive considering you can get about 6.6% from businesses like A&W Revenue Royalties Income Fund (AW.UN:CA) and Pizza Pizza Royalty Corp. (PZA:CA), both of which use about 1X debt to EBITDA. Source: Another Dividend Hike…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseJoe Biden’s closest western allies will depart Washington unsure of the US’s commitment to Nato beyond January, after an alliance summit overshadowed by questions about whether the American president can continue his fight for re-election against Donald Trump.The White House had hoped the 75th anniversary gathering would be a show of alliance unity and resolve against Russia. But the US domestic political turmoil and renewed equivocations from Trump about Washington’s commitments to the alliance’s common security principles contributed to…

A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. While a slow drip of Democrats is calling for President Joe Biden to step aside in the 2024 race, an untold number seems to be hoping he will take a look at the polling that suggests he stands a good chance of losing the general election and read the room. An interview Thursday with Rep. Gerry Connolly, the longtime Virginia Democrat, was telling. Connolly clearly had no interest in calling on Biden to step down and expressed concern about…

The Republican party platform, orchestrated by former President Trump, is filled with promises for those it calls “our Great Seniors.” But there is little or no real policy behind most of those campaign pledges. And the document is filled with many irreconcilable contradictions. The platform will be the GOP’s election-year policy framework coming out of its upcoming July 15-18 nominating convention. And it recognizes some critical needs of seniors and sets goals that would improve their quality of life and that of their families. But it rarely describes how Trump and the GOP would achieve those goals. Social Security The…