Author: Press Room

Porch Group, Inc.’s (NASDAQ:PRCH) Chief Financial Officer Shawn Tabak recently sold a significant amount of company stock, according to a new SEC filing. The transactions, which took place on March 20 and 21, 2024, involved the sale of 55,960 shares for a total value exceeding $219,000.The first set of transactions on March 20 saw the CFO sell 15,000 shares at an average price of $3.7111, with individual sales prices ranging from $3.64 to $4.01. On the same day, an additional 15,282 shares were sold at an average price of $4.0001, with prices ranging from $4.00 to $4.01 per share. The…

By Gertrude Chavez-DreyfussNEW YORK (Reuters) – The yen drifted higher against the U.S. dollar for a fourth straight session on Monday, bolstered by an upward revision to Japan’s growth figures and expectations the Bank of Japan could exit negative rates at its policy meeting next week.In cryptocurrencies, bitcoin soared to a fresh record high above $72,000 underpinned by a surge in inflows into new spot exchange-traded funds for the digital asset. Hopes that the Federal Reserve will soon cut interest rates have also lifted bitcoin, which was last up 5.3% at $72,033 .The market though remains focused on the yen…

The Secure Act has eliminated the stretch IRA for most people who are inheriting an IRA or 401(k). Now, beneficiaries who inherit an IRA will need to follow the 10-year rule, which can significantly increase the income taxes due on your inheritance, not to mention the new onerous rule of when and how much you must take each year in Required Minimum Distributions. The New Inherited IRA Required Minimum Distribution Rules The good news is that stretch IRAs are still available for spousal beneficiaries. However, for most non-spouse beneficiaries (think children, friends), the stretch IRA option has been replaced with…

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 April 8, which is unchanged from Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is 0.125 percentage points higher than Friday. With mortgage rates changing daily, it’s a good idea to check today’s rate…

Millions of older Americans at risk of defaulting on student loan payments may lose some of their Social Security benefits, Democratic lawmakers said in a letter urging President Joe Biden’s administration to act. Sens. Elizabeth Warren, D-Mass., and Ron Wyden, D-Ore., were among several lawmakers who wrote to President Joe Biden about the risk student loan borrowers aged 65 or older faced when they defaulted on payments. Roughly 3.5 million Americans 60 and older hold over $125 billion in student loans, according to a 2023 report by the think tank New America that lawmakers cited. Nearly 40% of borrowers aged 65 and older…

Check out the companies making headlines in midday trading: Boeing — The aerospace giant fell 1.5% even after noting that it burned through $3.9 billion in cash in the first quarter. The cash burn was lower than what analysts had feared. Boeing also posted an adjusted loss of $1.13 per share on revenue of $16.57 billion, beating the adjusted loss of $1.76 per share and revenue of $16.23 billion that analysts polled by LSEG had forecast. Tesla — Shares surged 9% despite the company’s weaker-than-expected first-quarter financial update, after CEO Elon Musk said Tesla plans to begin production of new…

We have a divided market, especially in tech. It was a major theme in the Club’s April Monthly Meeting . (The replay video will be up shortly). There are companies that everyone loves and companies everyone is on the fence about, and then the company that everyone hates. Let’s start with the beloved. I’m talking about Meta Platforms , which delivers earnings on Wednesday evening, as well as Alphabet and Microsoft , which are out late Thursday. Amazon is next week. META YTD mountain Meta Platforms YTD Meta has the biggest tailwind on Earth being dangled in front of it…

A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as $27 billion to absorb potential losses and protect taxpayers from ever having to bail out a major bank. Now, the giant Swiss lender is hitting back, saying its finances are robust and warning that the proposal could harm Switzerland’s standing as a global financial center. Speaking at the bank’s annual shareholder meeting Wednesday, UBS chairman Colm Kelleher said he was “seriously concerned” about current discussions that could force the bank to hold much more cash and other liquid assets. “Additional…

The Chimpzee NFTs are finally on the horizon, with the whitelist event for presale participants on April 15th followed by the public launch on April 16th.Investors of the $CHMPZ token have been highly excited about the incoming NFTs over the past few weeks. They will allow holders to earn the maximum passive income through staking and an exclusive opportunity to win up to $10,000.00 USDT through a special promotion from this charity-focused ecosystem.Chimpzee is a Web3 ecosystem that allows its users to earn a passive income while positively contributing to the world by saving animals and the environment.Chimpzee Announces NFT…

US lawmakers worry the video-sharing platform, which is owned by Chinese company ByteDance, poses a danger to national security. The House of Representatives on Wednesday passed a bill that would force any company owned by a “foreign adversary” to divest or sell to a US-based company within 180 days in order to keep operating in the US.Now, TikTok faces a potential ban or forced sale, and President Joe Biden has said he would sign it into law if it passes the senate.So who’s leading the company through this turbulent period?That would be Shou Zi Chew, TikTok’s 41-year-old CEO from Singapore,…