Author: Press Room

In a recent move that has caught the attention of investors, Domo, Inc. (NASDAQ:), a leader in prepackaged software services, has reported significant stock transactions by one of its top executives. Thayne Daren, the company’s Chief Technology Officer and Executive Vice President of Product, has sold a total of $412,093 worth of Class B Common Stock. The transactions, which took place over two consecutive days, involved the sale of 41,218 shares at a weighted average price between $9.331 and $9.39 on the first day, and 2,866 shares at a weighted average price between $9.59 and $9.605 on the following day.…

Investing.com– Most Asian currencies retreated on Thursday, while the dollar steadied from recent gains as markets sought more cues on U.S. interest rates from producer inflation and retail sales data due later in the day.  Regional currencies were still reeling from a stronger-than-expected U.S. print earlier this week, which ramped up bets that the Federal Reserve will take its time in reducing interest rates. Dollar steady as data dump comes before Fed meeting  The and steadied in Asian trade on Thursday after reversing some of their gains earlier this week. Focus was largely on more inflation cues from and data,…

Medicare expects it will spend more $550 million this year for the controversial anti-Alzheimer’s drug Leqembi and predicts the cost will skyrocket to $3.5 billion in 2025, according to Stat News. The program spent $5.7 billion on drugs such as Ozempic and Mounjaro in 2022, according to the Kaiser Family Foundation. These GLP-1 medications were designed to treat type 2 diabetes but increasingly have been used by those without the condition to lose weight. And these costs are likely to skyrocket in coming years. Medicare has agreed to loosen its rules for paying for some GLP-1 drugs if a patient…

New construction homes are becoming more popular, mainly due to the low inventory of existing homes. The National Association of Home Builders/Wells Fargo Housing Market Index — which measures the market conditions of new home sales — rose by three points to 51 in March. This is the highest it’s been since July. This rise in the index signals a greater desire for new construction among current homebuyers.”The solid level of single-family production in February tracks closely with rising builder sentiment, and with mortgage rates expected to moderate further this year, this will provide an added boost for single-family building,”…

Students throughout the country agree that student loan forgiveness is a must. An Axios survey founds that students on both sides of the political spectrum think the government should be doing more to help them pay off their debts. Of the 4,168 students surveyed, 89% of the Democratic students and 81% of Republicans said the government should offer more relief options.The general population, outside of students, doesn’t necessarily agree to the same extent — 76% of Democrats, 62% of independents and 47% of Republicans want the government to help with student loan debts, according to the Axios study. Despite this…

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. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3-year loans and lower for 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace to…

The arrival of spring means a new group of college graduates will soon be entering the workforce in earnest and facing financial choices that will impact their futures. Between planning for retirement, saving for other goals like purchasing a home or raising children, dealing with student loans and managing their credit, new college graduates who may be inexperienced in handling their finances will have to proceed strategically, or they may have to regroup to meet their financial goals.”There’s a plethora of students that really struggle financially because a lot of them are graduating with debt, a lot of them don’t…

Investing in semiconductors may be the most efficient way to play the artificial intelligence boom, according to VanEck’s CEO.”Semiconductors have become the heart of the AI trade,” Jan van Eck told CNBC’s “ETF Edge” this week.His firm’s VanEck Semiconductor ETF (SMH), which tracks 25 of the biggest chipmakers in the country, is up 21% this year as of Wednesday’s close. However, SMH has fallen nearly 6% this month, led to the downside by Intel, AMD and On Semiconductor.The fund’s top holding, Nvidia, has seen its shares surge nearly 70% this year amid soaring demand for its AI processors, but it’s…

Check out the companies making headlines in midday trading. Duolingo — The online language app company popped 7.5% after JPMorgan reiterated its overweight rating on the stock, saying it has an attractive risk/reward and potential upside for its first-quarter guide and 2024 outlook. Taiwan Semiconductor Manufacturing — U.S.-traded shares of the Taiwanese chipmaker dropped 3.6% after the company noted that, although it did not experience structural damage, some wafers “had to be scrapped” after the earthquake in Taiwan earlier in April. Most of the lost production will be recovered in the second quarter, according to management. The company still beat revenue…

Mortgage rates soared this week, breaching the key 7% threshold and extending America’s home affordability crisis. The 30-year fixed-rate mortgage averaged 7.10% in the week ending April 18, up from 6.88% the previous week, according to Freddie Mac data released Thursday. A year ago, the average 30-year fixed-rate was 6.39%. Breaching 7% represents a psychological threshold that hadn’t yet been crossed this year. Mortgage rates are climbing based on expectations that the Federal Reserve won’t cut interest rates anytime soon. The Fed doesn’t directly set mortgage rates, but its actions do influence them, and persistently hot inflation readings are keeping…