Author: Press Room

Investing.com – The weakened against its U.S. counterpart on Tuesday, as hotter than expected U.S. inflation data had markets considering the prospect of a rate cut from the U.S. Federal Reserve coming The rose by 3.2% last month, quicker than estimates for a 3.1% gain. Month-over-month, the overall consumer price index rose by 0.4% in February, in line with expectations “The U.S. dollar is broadly higher on a hotter inflation report and that’s the whole story in the currency market today,” said Adam Button, chief currency analyst at ForexLive.Given that the Bank of Canada is unlikely to want to diverge…

Life insurance should be a part of many people’s retirement plans. However, it should never be your entire retirement income strategy. There is an array of people pitching crazy tax-planning strategies using life insurance that are likely not appropriate for those making less than $500,000 or so per year. That being said, there are a few ways that many people can benefit from life insurance without actually having to die first. Keep reading as we share some insight on utilizing life insurance for your retirement and path to financial freedom. Can You Help Fund Your Retirement With Life Insurance? Life…

Homeowners looking to sell this year may want to wait until June to list, when sellers tend to make the most. In 2023, homes listed in June sold for 2.3% more, according to a Zillow analysis. This equals an additional $7,700, on average, to the median sale price. Before the pandemic, May used to be the best month to list, according to Zillow. But, since 2019, June is more profitable. “The old logic was that sellers could earn a premium by listing in late spring when their home would be on the top of the pile of listings when search…

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. 8, 2024, average private student loan rates fell 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: 9.40%, up from 7.37% the week before, +2.035-year variable…

Check out the companies making headlines in midday trading. Tesla , Li Auto — Tesla shares declined nearly 4%, hitting a 52-week low, following announcements of price cuts. The electric vehicle maker lowered prices for its Model 3 in China, on top of decreases in other markets, Reuters reported . Chinese manufacturer Li Auto also lowered price tags on many models, sending shares down 6%. Verizon Communications — The telecommunications giant fell more than almost 4% after posting mixed quarterly results. Verizon reported $33 billion in revenue, slightly under the $33.32 billion figure penciled in by analysts, per FactSet. The…

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.When people ask Dr. Jordan Shlain to describe his medical practice, he says simply: “It’s a family office for your health.””Family offices typically have a goal of preserving wealth,” he said. “Our goal is preserving your health. After the age of 24 you’re a depreciating asset health-wise. So we aim to decrease the slope of the curve for as long as possible.”As depressing as that sounds for patients, Shlain’s…

European officials are threatening TikTok with massive fines and a possible forced suspension this week of parts of a new spinoff app, launched this month, that regulators allege contains addictive features. The warnings target TikTok Lite, a less data-intensive version of TikTok’s main app which contains a feature that rewards users with cash for engaging with TikTok content and app features. EU officials fear the feature could be used to turn TikTok Lite users into addicts who can’t stop using the app and described it as an “experiment” on unwitting EU citizens in Spain and France where TikTok Lite has been…

Last updated: April 22, 2024 12:50 EDT | 2 min read Figure CEO Mike Cagney alleged in a Saturday X post that the FTX estate is set to auction off the next lot of its long-awaited locked Solana tokens.  Just got confirmation that the next round of locked #solana coins from the #FTX estate will be an auction, with exact details coming Monday. If you want in, join us. https://t.co/RuA41vgWAx — Mike Cagney (@mcagney) April 20, 2024The locked batch of Solana coins has generated intense interest from prospective buyers due to the surge in SOL prices.According to Cagney, additional details…

New York Community Bancorp (NYCB) may have sent a scare through Wall Street, but Bank of America CEO Brian Moynihan shrugged off suggestions that banks need to be more regulated.In fact, the US economy is “vibrant” and bounced back from the pandemic thanks in part to its banking sector.”We don’t need to keep moving the rules around — we’re clear about that,” Moynihan said in an interview with Bloomberg Television on Tuesday. He argued that the US banking system and economy “coexist with each other” — and said the economy has been resilient in the face of great challenges.It’s bounced…

Amazon’s CEO said AI may be the largest transformation since the internet in a shareholder letter.Andy Jassy also raised the importance of AI security to protect customer data.The CEO also said Amazon is “not done lowering our cost to serve.” Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Amazon CEO Andy Jassy released his annual letter to shareholders on Thursday — and yes, AI was a major theme.Jassy said in the letter that generative AI “may be the largest technology transformation since the cloud,” and maybe even “since…