Author: Press Room
One of the key headwinds for the oil market this year was the possibility of a coordinated Strategic Petroleum Reserve (“SPR”) release from the US and China. With this year being a presidential election year, the Biden administration will do whatever it takes to keep oil prices from moving higher. In our April 17 report for subscribers titled, “This Is How I See The Oil Market Playing Out For The Rest Of 2024.” we wrote in the section on US and China SPR releases the following: At the moment, US crude storage with SPR has been steadily building for 2024,…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseJoe Biden has offered up to 500,000 undocumented spouses of Americans an easier path to legal status and US citizenship, removing the threat of deportation and marking the country’s most significant reform to immigration policy in years.The US president announced the move on Tuesday, calling it a “common sense fix” to the fear and uncertainty experienced in mixed-status families that streamlines an existing immigration process.It would allow the spouses to apply for lawful permanent residency without having to leave…
Earlier this year, a family member had a screening colonoscopy. He’d seen the news stories about the Affordable Care Act mandating no out-of-pocket costs, such as co-pays or a deductible. So if this test is supposed to be “free,” why did he get a bill? This isn’t the first time I’ve heard of people receiving bills for this procedure. (Full disclosure: That even happened to me.) Medicare covers a colonoscopy with no Part B deductible, copayment, or coinsurance when the test is done for screening: Once every 2 years for those at high risk Once every 10 years for those…
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 10, which is 0.250 percentage points higher than on Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is 0.135 percentage points higher than on Friday. With mortgage rates changing daily, it’s a good…
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Nvidia Corporation (NASDAQ:NVDA) has seen huge growth recently, not only in its stock price but also in its company financials. The artificial intelligence (“AI”) industry has been compared to the Internet boom in the early 2000s, with continued growth in the total addressable market in the short and long term. Nvidia’s data center products have seen tremendous growth in annual reporting for 2023 and current quarters in 2024. Cost ratios during the annual 2023 report showed reductions as utilization of manufacturing lines drives efficient operations for the chipset industry. Overall, a strong 2023 year and continued expectation of growth are…
Apple has scrapped its “buy now, pay later” service, Apple Pay Later, which it launched in the US only last year, marking a retreat in the iPhone maker’s ambitions to become a major provider of traditional financial services. The tech giant says it is pivoting to a new instalment loans service offered through third-party credit and debit cards.“With the introduction of this new global instalment loan offering, we will no longer offer Apple Pay Later in the US,” Apple said on Monday. Users with open loans through Apple Pay Later will continue to have access to features, but no new loans…
When former Donald Trump adviser Steve Bannon goes to prison, he won’t be serving time at what’s known as a “Club Fed,” the most comfortable type of facility in the federal system, as he had wanted, according to people familiar with the arrangements. Instead of a minimal-security prison camp, where many nonviolent offenders serve their time, Bannon – now a right-wing podcaster with a following of loyal Trump supporters – is set to report next month to the low-security federal prison in Danbury, Connecticut, one of the sources told CNN. A federal judge ruled recently that Bannon must turn himself in by July 1 to begin serving a four-month sentence for contempt of Congress…
Medicare Advantage plans are popular. They’re estimated to have enrolled more than half of Medicare beneficiaries for the first time in 2024. But changes are underway. Those enrolled in Advantage plans or considering them need to pay careful attention when evaluating plans in this fall’s open enrollment season. There could be significant modifications to existing Advantage plans. Medicare Advantage plans are popular because for relatively healthy beneficiaries out-of-pocket costs usually are lower than for a package of original Medicare coupled with Medicare supplement insurance and Part D prescription drug insurance. Advantage plans also offer benefits not available in original Medicare.…
