Author: Press Room

On Tuesday, Japan’s central bank raised interest rates.It marks Japan’s first rate hike since February 2007.The markets barely reacted to the decision, which had been widely anticipated. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app TOKYO (AP) — Japan’s central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy.The short-term rate was raised to a range of 0 to 0.1% from minus 0.1% at a policy meeting that confirmed expectations of…

In March, Congress passed a bill to ban TikTok in the US if ByteDance didn’t sell its US operations to non-Chinese owners.”Neither I nor my firm stands to gain or lose anything on the back of this bill’s outcome, but I can see how TikTok can be weaponized by a foreign adversary,” Khosla wrote in an op-ed for the Financial Times on Tuesday.In the op-ed, Khosla accused China of perpetuating double standards since Chinese consumers use TikTok’s Chinese variant, Douyin. And unlike TikTok, Douyin users aged 14 and below can only be on the platform for just 40 minutes a…

HNI Corporation (NYSE:HNI) Q1 2024 Earnings Call Transcript April 29, 2024 11:00 AM ET Thompson Research Group Matt McCall – VP, IR and Corporate DevelopmentJeff Lorenger – Chairman, President and CEOMarshall Bridges – SVP and CFO Conference Call Participants Reuben Garner – The Benchmark CompanyGreg Burns – Sidoti & CompanyBudd Bugatch – Water Tower ResearchKathryn Thompson – Thompson Research Group Operator Hello, and thank you for standing by. My name is Regina and I will be your conference operator today. At this time, I would like to welcome everyone to the HNI Corporation First Quarter Fiscal 2024 Results Conference Call.…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israel has significantly softened its stance on the conditions for a hostage deal with Hamas, raising hopes of a breakthrough in diplomatic efforts to end the war in Gaza. After weeks of deadlock, Israel had accepted a proposal that sets out an initial six-week pause in the fighting during which Hamas would release 33 hostages, said a diplomat briefed on the talks. This would include children, the elderly, women, including female soldiers, and wounded captives.That would be followed by a second phase…

Google and X, formerly Twitter, recently provided hundreds of files to Michigan prosecutors for their 2020 election subversion probe, complying with search warrants that investigators obtained after CNN revealed secret social media accounts belonging to pro-Trump lawyer Kenneth Chesebro, who played a major role in the fake electors plot. The previously unreported warrants gave prosecutors access to new Chesebro emails and his private direct messages on Twitter. The warrants make clear that Michigan Attorney General Dana Nessel is still gathering new information in her probe, nine months after she charged the state’s fake electors with forgery and other crimes for signing certificates falsely claiming Donald Trump won the state in 2020. A…

The Inflation Reduction Act of 2022 provides substantial tax breaks for homeowners who navigate the rules. Most of the breaks started in late 2023 or early 2024 and last through 2032. The tax breaks are designed to encourage people to make their homes more energy efficient and reduce use of fossil fuels. Most of the program, known as the Section 25C energy efficient home improvement credit, is administered by the states based on guidelines the Department of Energy issued in July 2023. Since the states have some flexibility, your potential savings depend on where you live. Also, the tax breaks…

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 3, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…

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…

Check out the companies making headlines in midday trading: SoFi Technologies — The consumer fintech company’s stock price plunged about 10% on disappointing second-quarter earnings guidance. SoFi forecast adjusted revenue between $555 million and $565 million, and net income of $5 million to $10 million, while analysts polled by FactSet had called for $580.8 million in revenue and net income of $13.9 million. SoFi’s earnings for the first quarter topped analysts’ estimates, however. Tesla — The Elon Musk-led company saw shares soar 16% after the electric car make r passed a significant milestone to roll out its full self-driving technology in…

The share price of Trump Media soared by more than 12% in afternoon trading Monday, continuing a stunning rise that began in mid-April.The DJT ticker was up more than $5 per share just before 1 p.m. ET.Trump Media owns the Truth Social app frequently used by the company’s majority shareholder, former President Donald Trump, who is also the presumptive Republican presidential nominee this year.”TRUTH SOCIAL IS THE REAL VOICE OF AMERICA!!!” Trump wrote in a post on the site earlier Monday.The company began public trading on March 26 with a price of more than $70 per share. Over the next…