Author: Press Room

CNN reporter breaks down what made Hope Hicks cry on the stand CNN’s Paula Reid describes what ex-Trump aide Hope Hicks, once considered one of his closest confidantes, said during her testimony in the ongoing hush money criminal trial against the former president. Read the full article here

When Older Americans Month (May) was established in 1963, only 17 million Americans had celebrated their 65th birthday. Today over 60 million of us can claim the distinction of being 65 or better. However, over 22 million older adults live alone and close to 30% of them have no children or other family support as they age. This is a category best known as “Solo Agers.” Starting this year (2024), on May 15, Solo Agers will have their very own day, right in the middle of Older American’s month. SAVvy Day (Solo Agers Visibility Day) will acknowledge their status, raise…

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. During the week of Apr. 22, 2024, average private student loan rates decreased for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year fixed-rate loans and increased for 5-year variable-rate loans. 10-year fixed rate: 9.19%, down from 10.45% the week before, -1.265-year variable…

Small businesses are increasingly turning to credit cards as a key source of funding as they continue to grapple with still-high inflation and rising borrowing costs.  New findings published by Bank of America show that small businesses are reacting to inflationary pressures within the economy by relying more on credit cards to finance their operations. Since 2019, small business credit card balances are up 18%, according to aggregated and anonymized data.”While rising credit card balances could raise some concerns, we note a few reasons to be less pessimistic,” the Bank of America analysts said. JAMIE DIMON WARNS INFLATION, INTEREST RATES…

Check out the companies making headlines in midday trading: Apple — The tech giant jumped more than 6% after announcing it would repurchase $110 billion in shares . Apple also posted beats on the top and bottom lines, reporting fiscal second-quarter earnings of $1.53 per share on $90.75 billion in revenue. That topped analysts’ estimates for earnings of $1.50 per share on revenue of $90.01 billion, per LSEG. Block — The payment services provider added 1% after posting first-quarter results that beat analysts’ expectations. Block reported adjusted earnings of 85 cents per share on revenue of $5.96 billion, which exceeded…

If you’ve opted into your employer’s Roth 401(k) after-tax matching contributions this year, it could trigger a tax surprise without proper planning, experts say. Enacted in 2022, Secure 2.0 ushered in sweeping changes for retirement savers, including the option for employers to offer 401(k) matches in Roth accounts. These accounts are after-tax, meaning employees pay upfront taxes but growth and withdrawals in retirement are tax-free. Previously Roth 401(k) matches went into pretax accounts.Roughly 12% of employers with 401(k) plans said they are “definitely” adding the feature and 37% are “still considering it,” according to a recent survey from the Plan Sponsor Council…

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. University presidents have to wear a lot of hats, much like a CEO. There’s the day to day admin, the glad-handing of donors, and, crucially, keeping internal fires from becoming public, violent conflagrations. That last one is a public relations lesson, one on which Columbia’s president might need a refresher. See here: To understand why so many college campuses suddenly have students occupying parts of their campuses, you have to go back to two weeks ago, on April…

DropsTab, a pioneering cryptocurrency information platform, has received a strategic investment from DWF Labs, the new generation Web3 investor and market maker. Announced today, this strategic investment establishes DWF Labs as the lead investor.London, May 2024 In a strategic move that sets the stage for unprecedented growth in the crypto data sector, DropsTab has secured a landmark investment from DWF Labs, a global leader in digital asset market making and Web3 investments. This partnership heralds a new era for DropsTab, poised to significantly advance the development of its operations, facilitate Web3 integration on its platform, and enhance its flagship product,…

Theodorus Struyck reps a group that won the second-largest Powerball jackpot ever.The $1.765 billion jackpot is worth $774.1 million in a lump sum before taxes. The 65-year-old grandfather hails from a small town north of Los Angeles. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Lottery officials finally named one of the winners of a $1.765 billion jackpot, after the ticket had remained unclaimed since October.Theodorus Struyck, 65, represents a group of winners, according to the California Lottery.Struyck is a grandfather and fishing lover who was described as “really…

TikTok’s parent company, ByteDance, saw a 60% revenue increase in 2023, Bloomberg reported.TikTok has driven ByteDance’s recent success, allowing it to break into global e-commerce markets.This growth came as Congress debated, and then passed, a bill that could ban TikTok in the US. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Revenue to ByteDance, TikTok’s parent company, grew by about 60% last year, blowing its competition out of the water.The company’s earnings jumped from $25 billion in 2022 to $40 billion in 2023, Bloomberg reported.That success was powered…