Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writers are the president of France and the chancellor of GermanyIn a few weeks, we Europeans will start setting out our agenda for the next term in the EU. Looking back at the challenges over the last five years — be it the pandemic, the ongoing Russian war of aggression against Ukraine or increasing geopolitical shifts — it is clear: Europe is experiencing its Zeitenwende. We can’t take for granted the foundations on which we have built our European way of…

President Joe Biden on Monday commemorated Memorial Day during remarks at Arlington National Cemetery, where he marked the solemn and personal occasion by thanking those killed while serving their country in the name of democracy around the world. “Freedom has never been guaranteed – every generation has to earn it, fight for it, defend it in battle between autocracy and democracy, between the greed of a few and the rights of many. It matters, our democracy is more than just a system of government. It’s the very soul of America,” Biden told the crowd gathered for his annual Memorial Day…

The Federal Deposit Insurance Corporation (FDIC) changed its deposit insurance coverage for some accounts effective April 1, 2024. The basic insurance limit of $250,000 per account still holds and most types of accounts aren’t affected. The changes affect accounts of trusts and effectively reduce the insured amount for some trust bank accounts. The FDIC said the changes are intended primarily to streamline the coverage rules and make them easier for both bankers and customers to understand. The maximum insured amount for a trust is now $1.25 million per trust owner per insured depository institution. The general rule that a trust…

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 May 23, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is 0.125 percentage points higher than yesterday.  With mortgage rates changing daily, it’s a good idea to check today’s rate…

Capital One and Walmart announced Friday that they ended the agreement that made Capital One the exclusive issuer of Walmart’s consumer credit cards. Walmart and Capital One launched their partnership in 2018 after the retail giant ended its two-decade partnership with Synchrony Financial. Capital One began issuing Walmart-branded credit cards starting in 2019.”While Capital One and Walmart have ended their card partnership, nothing changes today for cardholders – cardholders can continue to earn and redeem rewards, and previously accrued rewards will retain their value,” a press release stated. “Until informed otherwise, cardholders can also continue to use their Capital One…

EXCLUSIVE: The founder and CEO of Bass Pro Shops, Johnny Morris, says that despite inflation, the hunting, fishing and outdoor sporting brand will remain focused on affordability heading into boating and fishing seasons. Inflation remains high at 3.4%, above the Fed’s 2% goal, though it dropped from its peak of 9.1% in June 2022.”Inflation is here. It’s real,” Morris told FOX Business during a video interview. EXCLUSIVE: CEO OF BASS PRO SHOP REVEALS NATURE-BASED AMPHITHEATER, MORGAN WALLEN TO PERFORM AT GRAND OPENING In April, energy prices rose for the third month in a row, and the cost of gas increased…

A top exchange-traded fund provider is betting on the long-term popularity of GLP-1 weight loss drugs.Roundhill Investments’ GLP-1 & Weight Loss ETF (OZEM), which began trading last week, pairs leaders Eli Lilly and Novo Nordisk with players developing new treatments for weight loss and diabetes. CEO Dave Mazza said his firm is capitalizing on explosive growth potential in the industry.”The ability to have active management to overweight companies that are actually in market producing the drugs and then go down the line to identify those that are in particular phases is powerful,” Mazza told CNBC’s “ETF Edge” last Monday.Eli Lilly…

At least 68 million people are under severe weather warnings on Memorial Day, as storms turned toward the Northeast after claiming the lives of at least 20 people and leaving half a million homes and businesses without power across the central United States.Heavy storms will move across Arkansas and Tennessee and into the Ohio Valley before heading north to the East Coast, through the Carolinas, Pennsylvania and New York. Heavy rain, winds of more than 60 mph and hail more than 2 inches across are expected, with tornadoes possible, NBC meteorologist Michelle Grossman said in a report early Monday.Flash flooding alerts were…

The summer movie season typically starts with a bang during the month of May and, particularly, during Memorial Day weekend. This year, it’s a whimper. Memorial Day weekend (Friday through Monday) movie ticket sales are estimated at $128.3 million, according to Comscore data provided to CNN. That’s down from last year’s Memorial Day weekend, which recorded just shy of $205 million gross revenue, and it lands well under the record holiday in 2013, when “Fast & Furious 6” drove the weekend to $314.3 million in revenue. In fact, the US box office is on track to have its lowest-grossing Memorial…

Last updated: May 27, 2024 13:52 EDT | 2 min read The European Blockchain Observatory and Forum (EUBOF), an initiative of the European Commission, released a report on May 24 calling on the European Union (EU) to ready itself for the integration of blockchain technology and artificial intelligence (AI). The latest move from the EU blockchain is seen as a proactive approach to secure users’ data.The EU blockchain report, prepared by the Directorate-General for Communications Networks, Content, and Technology, discussed the potential integration of blockchain technology with AI. It emphasizes blockchain’s secure data storage and management capabilities, particularly in sensitive…