Author: Press Room

Investing.com– Most Asian currencies fell on Friday, while the dollar hit an over one-week high as hotter-than-expected U.S. inflation data ramped up fears of any hawkish signals from a Federal Reserve meeting next week. Markets were also antsy before central bank meetings in Japan and Australia next week, which are expected to potentially offer more hawkish signals to currency markets. Dollar at over 1-week high as sticky inflation puts Fed in focus The and rose 0.1% each in Asian trade, sitting comfortably above the 103 level after data read stronger-than-expected for February. The reading came on the heels of stronger-than-expected…

BUENOS AIRES (Reuters) -Argentina’s Senate on Thursday voted to reject President Javier Milei’s sprawling “mega decree” of economic reforms, a major blow to the libertarian leader’s austerity agenda as he tries to remedy the country’s ailing economy. Milei, an outsider economist whose party has a minority in Congress, took office in December and used his powers of presidential decree to roll out measures ranging from privatizations to labor reforms. The decree, which originally contained over 600 articles, was rejected in a vote of 42-25, with four abstentions, and can only be definitively discarded if it is also rejected by Argentina’s…

As yields have risen from their historic lows, many retirees ask me if they should put all their savings in T-bills. This movement even has a name: T-bill and Chill. Moving to the safety of U.S. government short-term bonds has an initial appeal for retirees. T-bills are one of the safest Investments in the world. Today, they pay more than a 5% yield, which exceeds the traditional 4% rule for retirement spending. As safe as T-bills may seem, however, removing stocks from a retirement portfolio carries significant risks. Retirees Are Long-Term Investors Retirement is a marathon, not a sprint. Even…

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 7.375% as of April 12, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.500%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…

Months after the United States Supreme Court ruled President Biden’s sweeping student loan handout was illegal, he is forging ahead with another partial loan forgiveness. “Today, my Administration is canceling student debt for 277,000 more people, bringing the total number of Americans who have been approved for debt relief so far under my Administration to 4.3 million borrowers through various actions,” the White House said on Friday.It comes at a whopping price tag of $7.4 billion for taxpayers, who are already dealing with crushing inflation.  “I will never stop working to cancel student debt – no matter how many times…

Economic hardship is causing more people to rely on credit to cover living expenses, and some have even maxed out their credit cards to deal with inflation and rising prices, according to a recent survey. Credit card balances surged past the trillion dollar mark in the fourth quarter of 2023. The increase in credit card debt signals that many Americans are struggling to pay for basic needs. Roughly 45% of Americans said that inflation and rising prices are why they’ve relied so heavily on credit cards, the Debt.com survey said. Nearly 9% of all respondents said they got a credit card to pay…

A more targeted forgiveness programThis time, the Biden administration has narrowed its aid by targeting specific groups of borrowers. It hopes that move will help the new plan survive legal challenges.”I think it would be easier to justify in front of a court that is skeptical of broad authority,” said Luke Herrine, an assistant professor of law at the University of Alabama, in an earlier interview with CNBC.Tens of millions of borrowers may still benefit if the program endures.The plan would forgive the debt of borrowers who:Are already eligible for debt cancellation under an existing government program but haven’t yet appliedHave…

In 2023, the median annual wage for all U.S. workers was $48,060, according to the Bureau of Labor Statistics, which means Americans in around half the states earned less than that benchmark, while workers in the other half earned more.Check out this map to see the median amount workers earn in every U.S. state:The Northeast and Western regions tend to have higher-earning populations compared with the South and some states in the Midwest.Massachusetts tops the rankings with the highest median wage of $60,690 for individual workers, while Mississippi has the lowest median wage in the country at $37,500.Here’s the median…

Anyone who menstruates will tell you: a period often doesn’t look or feel like the rapturous dancing portrayed in a typical tampon ad. Taking aim at the sanitized and euphemistic nature of mass advertising aimed at women, personal care brand Frida launched an adult-only online platform Wednesday of tutorial videos showing customers how to use its fertility, prenatal and postpartum products. The platform, developed alongside health professionals, is in large part a response to many marketing platforms and social media sites taking down or rejecting reproductive and women’s health ads that show more authentic representations of women’s bodies, said Frida…

Last updated: April 14, 2024 12:00 EDT | 2 min read The cryptocurrency market experienced a significant downturn following an Iranian drone attack on Israel, leading to a widespread sell-off of digital assets. Bitcoin, the largest cryptocurrency, saw a 7.7% decline on Saturday, marking its most substantial retreat since March 2023. Although the token managed to recover some losses and was trading around $64,000 on Sunday, other major coins like Ether, Solana, and Dogecoin also suffered 24-hour losses.Iran Hits Israel in Retaliation for Syria StrikeThe attack by Iran, which involved drones and missiles, was seen as a retaliation for a strike in…