Author: Press Room

The US Supreme Court has upheld restrictions on the use of firearms by individuals subject to domestic violence restraining orders, in a closely watched case that has weighed in on the balance between gun rights and public safety.In an 8-1 decision, the high court’s majority on Friday argued that barring individuals who threaten others’ safety from keeping firearms does not violate the US constitution’s second amendment, which protects the right to bear arms.“Since the founding, our nation’s firearm laws have included provisions preventing individuals who threaten physical harm to others from misusing firearms,” John Roberts, the court’s chief justice, wrote…

Retirement waits for no one; it’s coming fast for the youngest Baby Boomers and oldest Gen-Xers. The stark reality is many people are not ready, and studies show more than half of us wish we’d saved more and had a solid retirement plan. With retirement looming, financial stress is a constant companion for 57% of people, according to PwC, and 63% of us can’t cover a $500 emergency expense, let alone think about retirement. One natural stress response is what psychologists refer to as a defense mechanism—chief among them is rationalization. Rationalization is when we cope with something that causes…

Mortgage rates dipped just under 7% this week after crossing above that threshold in the prior reading as rates remain stubbornly high, stifling 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 ticked down to 6.99% this week from 7.03% last week. The average rate on a 30-year loan was 6.71% a year ago.  The average rate on the 15-year fixed mortgage also decreased to 6.29% from 6.36% last week. One year ago, the rate on the 15-year fixed note averaged 6.07%. Read the full article here

Only 33% of student loan holders have been making regular payments since they started up again in October – and about half are looking to use an income-driven repayment plan or are seeking outright forgiveness, according to a Civic Science survey. Student loan payments picked up again last October after a 42-month payment and interest accrual pause. After a more than three-year pause, many Americans have had to make significant adjustments to their household budgets to afford their student loan payments. Roughly 58% of student loan holders said that they are at least “somewhat” or “very” concerned about paying their student…

Medical bills may soon be removed from many credit reports. The Consumer Financial Protection Bureau (CFPB) just proposed a rule that would eliminate medical debt from credit reports in an attempt to prevent debt collectors from using the reporting system to get people to pay. The rule also intends to create higher levels of privacy for individuals with medical debt and increase the number of loan approvals. In the past, credit reporting companies could share medical debt with lenders, who would consider these debts in their lending decisions. This led to a long list of denials for borrowers facing high…

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Summary Fox Factory (NASDAQ:FOXF) is facing some troubling times after a particularly large acquisition, rising interest rates and falling margins have been plaguing the company. After diving deep into their financial history, I find that the current prices seem to be reasonably fair. However, some of the qualitative aspects of the case, coupled with my view on the macro environment, make me call this a SELL instead of a HOLD. Company overview Fox Factory designs and manufactures vehicle accessories. Their main focus is suspension products, but they have expanded to include other peripherals as well. They are mostly known among…

Washington Post publisher Will Lewis is facing a PR crisis, with his own newspaper and rivals investigating his past as a senior executive at Rupert Murdoch’s media empire.It is the sort of problem that Lewis has, until recently, tried to solve for clients of his communications and consultancy firm, WJL Partners, named from his initials.Founded in 2020, WJLP has hosted dinners and other events for high- powered industry bosses, investors such as Sequoia Capital and politicians, as well as providing services such as preparing clients for media interviews, according to those familiar with its business.On its website, WJLP says it…

Between half and three-quarters of older adults are diagnosed with pre-diabetes. But what does it mean? And what should you do if you get such a diagnosis? Increasingly, many experts say older patients should not overreact. A diagnosis of pre-Type 2 diabetes often produces anxiety and confusion in seniors. It can lead to unnecessary tests and medications. And, if poorly managed, treatment can lower blood sugar too much, which is more dangerous for many older adults than diabetes itself, which is high blood sugar. The important thing to remember is a diagnosis of pre-diabetes does not mean you are at…