Author: Press Room
You might be understandably worried by scary headlines that project the Social Security Trust Funds will be exhausted in the year 2034. Having accurate information is one of the best ways to deal with worry, so let’s look at what could happen if the Trust Funds run out. Is It Possible That Social Security Funds Could Run Out? Under current law, there’s no way that Social Security could completely run out of money. The reason is that workers are continually paying FICA taxes into the system. As long as people continue to work and pay their taxes, Social Security will…
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 9, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.375%, which is 0.250 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate…
President Biden’s latest plan to cancel student loan debt for millions of borrowers will cost taxpayers far more than its official price tag, and it could reach as high as three-quarters of a trillion dollars, according to a new report. The administration’s proposal, announced last week, replaces the White House’s previous attempt to deliver broad student loan forgiveness, which was struck down by the Supreme Court. The Department of Education (DOE) estimates that the new plan, which would cancel student debt for up to 30 million borrowers, will cost around $150 billion over a decade. However, the Committee for a…
In October 2023, Nick Volkov came across a unique listing for a house and just knew he had to show it to his girlfriend, Jenna Phipps, a 28-year-old content creator.Though the listing included pictures of the exterior only and described the house as a “tear-down,” the 27-year-old program manager tells CNBC Make It that what stood out the most about the property in Vancouver, British Columbia, Canada, was that it was undervalued, had a water view, and wasn’t a standard modern house.Phipps says she fell in love with the property and knew they had to go see it immediately, but…
Donald Trump on Saturday took to social media to deliver another tirade against the judge and the circumstances of his New York hush money trial, which wrapped up jury selection on Friday and is expected to begin opening arguments on Monday.”THIS SCAM ‘RUSHED’ TRIAL TAKING PLACE IN A 95% DEMOCRAT AREA IS A PLANNED AND COORDINATED WITCH HUNT,” the 2024 presumptive Republican presidential nominee wrote in one of several Truth Social posts on Saturday morning. “IT IS BEING PRESIDED OVER BY POSSIBLY THE MOST CONFLICTED JUDGE IN JUDICIAL HISTORY, WHO MUST BE REMOVED FROM THIS HOAX IMMEDIATELY.”The rant comes a…
Taylor Swift and Beyoncé raked in some serious concert money in 2023. This year, Swift is continuing her legacy tour and other pop stars such as Olivia Rodrigo and Bad Bunny are taking the stage as Americans are expected to continue spending on live music — though at a slower pace than they did last year. Americans splurged on concerts in 2023, selling out major stadiums and driving up hotel revenues. It was remarkable, given that inflation was elevated and interest rates were at their highest in two decades. Despite evidence of a slight slowdown this year, (ticket sales for…
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JPMorgan announced a new sports investment banking team less than a week before the NFL’s meeting for team owners to discuss whether to open their doors to institutional investors.The new team will work across JPMorgan’s investment bank, commercial banking, and the private bank, according to a copy of the memo obtained by Business Insider. It will be led by Eric Menell and Gian Piero Sammartano, according to the memo, which was signed by Fred Turpin, global head of JPMorgan’s media and communications investment banking practice.Menell, a media banker based in New York, will report to Turpin, the memo said. Piero,…
A hotly anticipated new AI smart device is out nationwide, but early reviews largely agree you shouldn’t be in any rush to get your hands on it — at least not yet.Humane says its wearable AI Pin, which it hopes will one day replace your smartphone, can do everything from making phone calls to projecting information onto the palm of your hand.While reviewers had some positive thoughts on the Pin, they largely said its potential isn’t yet worth the $699 price tag. The Verge and Wired, for example, both scored the device as a 4 out of 10.Humane cofounders Bethany…
Rose’s Income Garden “RIG” owns 85 stocks in all 11 generally known sectors. It owns 11 preferred shares that are now mixed in with the common shares under the financial sector. Below is a chart showing the current 11 sector designations in bold and the number of companies (#Co) owned in each. The last sector, financial, is where I am experiencing difficulties as it now holds 30 companies if I let it hold the preferred, etc. I show 15 financials without the preferred and the 11 preferred in the new sector designation I am wanting. # Co Sector 9 Consumer…
