Author: Press Room
Hamas has said it has broadly accepted a proposal to free dozens of Israeli hostages in exchange for Palestinian prisoners and a temporary ceasefire in its seven-month war with Israel in Gaza.According to a statement on Hamas’ Telegram channel, Ismail Haniyeh, the Palestinian militant group’s Doha-based political leader, told Qatar’s prime minister and Egypt’s intelligence chief of “the Hamas movement’s approval of their proposal regarding the ceasefire”.Hamas did not announce the details of the deal it has agreed to, and Israeli Prime Minister Benjamin Netanyahu’s government has yet to officially respond, leaving it unclear whether the proposed terms will enable…
Americans’ Social Security benefits will be slashed in 2035 if lawmakers don’t act to address the pending shortfall, according to an annual report released Monday by the Social Security trustees. That’s one year later than previously forecast. The combined Social Security trust funds – which help support monthly payments to the elderly, survivors and people with disabilities – are expected to be exhausted in 11 years. After that, payroll tax revenue and other income sources will only be able to cover 83% of benefits owed. Meanwhile, Medicare’s financial condition improved even more. It is expected to be able to cover…
The author suggests that when it comes to retirement decisions, we may not be asking the right questions. As the Jodie Foster character in True Detective likes to say, “You’re not asking the right question.” Then for a successful retirement, what is the right question? It’s “Do the decisions I make now matter?” Clearly the answer is “Yes” when we think of ourselves and our impact on our immediate environment and in our immediate time frame. But that doesn’t reveal much so our next question then is “What are the right decisions?” That’s still not the right question. In this…
Mortgage rates pushed further into the 7% range as the Federal Reserve seems unlikely to reverse its restrictive policy stance anytime soon, according to Freddie Mac. The average 30-year fixed-rate mortgage was 7.22% for the week ending May 2, according to Freddie Mac’s latest Primary Mortgage Market Survey. That’s an increase from the previous week when it averaged 7.17%. A year ago, the 30-year fixed-rate mortgage averaged 6.39%. The average rate for a 15-year mortgage was 6.47%, up from 6.44% last week and up from 5.76% last year. On Wednesday, the Fed announced it would maintain the federal funds rate at 5.25% to 5.5%,…
OMAHA, Nebraska — Many Berkshire Hathaway shareholders left last weekend’s annual meeting pondering Warren Buffett’s big revelation about succession. The Oracle of Omaha on Saturday told an arena full of shareholders that his designated successor Greg Abel will have the final say on all of Berkshire’s investment decisions when Buffett is no longer at the helm. “I would leave the capital allocation to Greg … he understands businesses extremely well,” Buffett said. “If you understand businesses, you’ll understand common stocks.” That single comment sparked a lot of conversation among Buffett’s loyal followers. Some interpreted it to mean that Abel, vice chairman of non-insurance operations,…
Hamas said it told Egyptian and Qatari negotiators that it has approved a cease-fire proposal to halt the war in Gaza, according to a press statement.Israel did not confirm whether it would accept or reject the deal that Hamas approved.”We are exploring every single thing that we hear and we are exhausting the potential about negotiations and bringing back the hostages and that is our main mission to bring them home as quickly as possible,” Israel Defense Forces Officer Daniel Hagari said at a press briefing following Hamas’ announcement. “But in parallel, we are continuing to act in an operational…
Former Starbucks CEO Howard Schultz might have left the coffee giant several months ago, but he’s still offering critiques of the company he ran for about 25 years over three stints. Following the release of Starbucks’ dismal earnings, Schultz wrote on his LinkedIn account that he was asked by “people inside and outside the company” about his thoughts that the chain’s US operations are the “primary reason for the company’s fall from grace” and encouraged executives to spend more time with its cafe employees. “The stores require a maniacal focus on the customer experience, through the eyes of a merchant. The answer…
Source: unsplash.com April has been up and down and investors are struggling to keep up. Volatility in the market is on a high and this can prevent investors from making any reasonable decisions. Factors that influence a decision for investors can quickly change and investors have to start the process all over again. As the market starts to show some stability, investors are moving to make the most profitable decisions, especially for the long term. For Chainlink (LINK) and Cardano (ADA) investors, this is investing in a new token, Kelexo (KLXO) for its anticipated 20X returns. Our analysis determines trends in either…
In today’s big story, the top habits of financially free people could serve as inspiration for what to do with your tax rebate.But first, what to do with that money from Uncle Sam.If this was forwarded to you, sign up here.The big storyTax timeSpring has nearly sprung. The blooming flowers and warmer weather probably have you thinking of one thing: Filing your taxes.In reality, tax season can be a pain, but at least there’s new free software to do it, thanks to the IRS.For many filers, there is a light at the end of the tunnel in the form of…
Johnson, the multimillionaire founder of payments company Braintree, posted pictures on X showing his facial transformation over the years with the caption, “Even my Face ID is confused. I’m transitioning….” X users reacted quickly with their thoughts — which weren’t exactly supportive.One X user wrote, “tries to stop aging…. Proceeds to age quicker.” Others were a bit more encouraging. “You look good in all these photos. The thing is that in 2018 you looked more natural,” another user wrote.Since 2021, Johnson, who is 46, has been on a rigorous campaign to reverse his biological age. His routine includes taking dozens…
