Author: Press Room
Introduction The stock of Zscaler (NASDAQ:ZS), a cybersecurity player noted for its fully integrated, multi-tenant cloud-native security solutions, hasn’t enjoyed a fruitful 2024 so far. On a YTD basis, when the tech-oriented Nasdaq has managed to notch positive gains of around 8%, ZS has crumbled by 21%. YChartsThere could be an opportunity to right the wrongs, with ZS’s Q3-24 results (the company follows a July-ending fiscal year) coming out at the end of this month, on May 30, after the market close. If you’re mulling over a potential position in Zscaler ahead of its key earnings event, here are a…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Citigroup executive in charge of implementing the bank’s sweeping restructuring plan has quit for a job at a non-profit firm, depriving the bank of one of the most senior Black women in finance.Titi Cole’s exit, after four years at the bank, comes a month after Citi said it had completed the core of a reorganisation that chief executive Jane Fraser unveiled in September. Fraser, in an internal memo, also announced Mike Whitaker, who leads the operations and technology teams was also…
Jimmy Carter’s grandson said Tuesday that the former president is “coming to the end” in a brief update about the 39th president’s health. “(My grandfather) is doing OK,” Jason Carter said at a mental health forum named in honor of his grandmother, the late former first lady Rosalynn Carter, at the Carter Center. “He has been in hospice, as you know, for almost a year and a half now, and he really is, I think, coming to the end that, as I’ve said before, there’s a part of this faith journey that is so important to him, and there’s a…
Many well-meaning people take the benefits of a Roth IRA for granted. With the tax benefits of a Roth IRA, modest contributions over long periods can translate into a substantial amount of tax-free income throughout your entire retirement. Those with the highest incomes may dream of the potential for a significant amount of tax-free retirement income, but they often earn too much income to be able to contribute to this type of retirement account. And sadly, their wealth managers are usually too lazy to set up these accounts for them when they are eligible to contribute. The responsibility to set…
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 15-year fixed-rate mortgage is 6.625% as of April 26, which is 0.125 points higher than yesterday. Additionally, the interest rate on a 30-year fixed-rate mortgage is 7.625%, which is also 0.125 points higher than yesterday. With mortgage rates changing daily, it’s a good idea to check…
Americans racked up more debt at the beginning of 2024 – and a growing number of households fell behind on payments for several types of loans, according to a New York Federal Reserve report published Tuesday. In the first three months of 2024, total household debt surged to a fresh record of $17.69 trillion, an increase of $184 billion, or 1.1% from the previous quarter. The increase mostly stemmed from a jump in mortgage balances, which rose $190 billion from the previous quarter to $12.44 trillion at the end of March. Auto loan balances rose slightly by $9 billion, continuing the…
The U.S. Department of Education announced on Tuesday the interest rates on federal student loans for the 2024-2025 academic year.The interest rate on federal direct undergraduate loans will be 6.53%. That’s the highest rate in at least a decade, according to higher education expert Mark Kantrowitz. The undergraduate rate for the 2023-2024 year is 5.5%.For graduate students, loans will come with a 8.08% interest rate, compared to the current 7.05%. Plus loans for graduate students and parents will have a 9.08% interest rate, an increase from 8.05% now. Both of those rates haven’t been as high in over 20 years,…
We are buying 50 shares of Estee Lauder at roughly $134.50. Following the trade, Jim Cramer’s Charitable Trust will own 525 shares of EL, increasing its weighting to 2.2% from 2%. A couple of recent data points from China have us feeling incrementally better about this battleground position. First, China reported late Friday that its consumer price index increased 0.3% year over year in April, higher than forecasts of a 0.1% increase and an acceleration from the 0.1% growth in March. It was also the third straight month of higher consumer prices. These are small steps, but the rising CPI…
The surprise social media return of the trader who helped ignite the meme stock frenzy in 2021 sent GameStop shares skyrocketing Monday. The surge had nothing to do with the troubled company’s fundamentals — and everything to do with a cartoon of a gamer that the trader, nicknamed Roaring Kitty, shared on X. GameStop shares surged 74% on Monday after the account run by Keith Gill shared a meme on X, marking its first post in three years. The shares skyrocketed by more than 110% earlier and were halted for volatility several times on Monday morning. Short sellers have seen…
Last updated: May 14, 2024 13:22 EDT | 2 min read Ethereum-based meme coins are bullish again, energized by the return of Roaring Kitty, the trader known for sparking the GameStop frenzy.One such ETH-based coin is GME, which is currently experiencing a surge and analysts are now predicting that another token could be the next to make headlines.This article will provide an analysis of GME’s current price trends and look to see whether an innovative new meme coin, Dogeverse, represents a more promising investment opportunity at this time. Due to @TheRoaringKitty’s return on Twitter, many #MEMEcoins named $GME were created,…
