Author: Press Room

Forbes compared more than 800 locales in America on everything from housing costs and taxes to healthcare, air quality, crime and climate change and natural hazard risk. These are the top 25 cities for retirees. By William P. Barrett, Senior Contributor Barry and Susan Mendelson raised their two children in a century-old three-story, six-bedroom Prairie-style home near Lake Michigan in Milwaukee, Wisc. They knew they wanted to move someplace warmer and cheaper for retirement. But it took them six years of looking and planning before they settled, this past March, into a newly built four-bedroom single-story home about 1,500 miles…

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 7.125% as of May 1, which is 0.375 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.625%, which is 0.125 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea to…

Federal officials announced Thursday that they are investigating “bait and switch” schemes associated with credit card rewards and travel programs.    The Consumer Financial Protection Bureau (CFPB) analyzed “several hundred consumer complaints” that are related to the administration of credit card rewards programs. In its analysis, the agency said it identified four recurring issues that resulted in consumers either not receiving the rewards they were promised, facing unexpected promotional conditions, seeing a devaluation in their points, having redemption problems and even revocation.”Credit card companies promise upfront benefits for signing up and using their rewards card, but often bury complex terms…

Target will limit which stores sell LGBTQ-themed products following last year’s firestorm over its decision to sell products designed for transgender people.The retailer said Thursday that it would be selling its Pride merchandise in a select number of its nearly 2,000 stores and on its website this year, citing “historical sales performance.” It added that in addition to selling LGBTQ-themed home and food and beverage items, apparel from its Pride collection this year will be tailored to adults. No Pride apparel for children will be sold.The latest decision, first reported by Bloomberg News, represents a change from offering the products in all Target…

Jim Simons, a mathematician who founded the most successful quantitative hedge fund of all time, passed away on Friday in New York City, his foundation announced on its website.Pioneering mathematical models and algorithms to make investment decisions, Simons left behind a track record at Renaissance Technologies that bested legends such as Warren Buffett and George Soros. His flagship Medallion Fund enjoyed annual returns of 66% during a period from 1988 to 2018, according to Gregory Zuckerman’s book “The Man Who Solved the Market.”During the Vietnam War, he worked as codebreaker for U.S. intelligence, monitoring the Soviet Union and successfully cracking a Russian…

Consumer sentiment plunged to the lowest level in six months as price increases reaccelerated, according to the latest University of Michigan survey of consumers, released Friday. Additionally, consumers are bracing for even higher price increases in the year ahead compared to readings from prior months, the survey found. The gauge, which is closely tracked by the Biden administration, plunged 13% from April’s 77.2% reading, to 67.4%. That’s the biggest one-month drop since mid-2021. Economists polled by FactSet were expecting consumer expectations to fall to just 76.9%. However, the latest reading is still better than last May, when inflation was running…

Last updated: May 10, 2024 13:39 EDT | 1 min read Render Network’s RNDR token experienced a major price increase after Apple featured its Octane 3D rendering software during a May 7 iPad presentation. Apple Vice President of Platform Architecture Tim Millet delivered the unexpected exposure, sparking interest among investors and contributing to RNDR’s upward momentum.Why did Apple’s Mention Impact RNDR Price?Apple’s brief mention of Octane 3D, lasting only a few seconds within a four-minute keynote, highlighted Octane’s capabilities and its integration with Apple products.The association with a tech giant like Apple instilled confidence in investors, leading them to speculate…

Some DINKs are using their higher net worth to retire early, travel, and afford luxury items.But others are childless due to financial constraints and the high costs of raising a child.The current economic climate is creating people who can’t afford to shed the DINK status. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app If you’ve heard the acronym DINK lately, you might have this publication to blame.In recent months, we’ve written about DINKs — Dual Income, No Kids — using their inflated net worths to retire early, travel…

David Ellison is also the son of Larry Ellison, who founded the business-software behemoth Oracle and is the fifth-richest man in the world.What is less obvious: Will Larry Ellison’s tech background — or his company — help his son if he ends up owning a TV-and-movie company?Yes, say some people in the Ellisons’ orbit. At least the ones talking to reporters covering the blow-by-blow of the deal.Sometimes the connection is a little vague: The New York Times reports that Redstone is “encouraged by the access to capital and tech know-how” the connection with the Ellison family affords. Sometimes it is…

Primo Water Corporation (NYSE:PRMW) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Jon Kathol – Vice President-Investor RelationsRobbert Rietbroek – Chief Executive OfficerDavid Hass – Chief Financial Officer Conference Call Participants Nik Modi – RBC Capital MarketsAndrea Teixeira – JPMorganDan Moore – CJS SecuritiesJohn Zamparo – CIBCSteve Powers – Deutsche BankPavel Molchanov – Raymond JamesDerek Lessard – TD Securities Operator Good morning. My name is Joanna, and I will be your conference operator today. At this time, I would like to welcome everyone to the Primo Water Corporation’s First Quarter 2024 Earnings Conference Call. [Operator…