Author: Press Room
The White House announced another student loan handout on Friday, bringing the total number of borrowers who have received President Biden’s debt relief so far to 4.3 million. According to the White House, the total student loan cancellation sum is a whopping $153 billion. “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,” Biden said Friday via the White House.As for who is footing the bill, Biden has proposed “no new revenue to…
Americans are drowning in credit card debt. New data published by the Federal Reserve Bank of Philadelphia shows that a growing number of Americans are struggling to make their monthly credit card payments as they continue to battle high inflation and interest rates.All stages of credit card delinquency — 30, 60 and 90 days past due — rose during the fourth quarter of 2023 to the highest level since 2012, when the Fed began tracking the data. The researchers noted that it is typical for credit card performance to deteriorate at the end of the year as consumers ramp up…
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…
Larry Swedroe, who is considered one of the market’s most esteemed researchers, thinks Warren Buffett’s investment style doesn’t work well anymore.He cites the number of professional Wall Street firms and hedge funds now participating in the market.”Warren Buffett was generally considered the greatest stock picker of all time. And, what we have learned in the academic research is Warren Buffett really was not a great stock picker at all,” Swedroe told CNBC’s “ETF Edge” this week. “What Warren Buffett’s ‘secret sauce’ was, he figured out 50, 60 years before all the academics what these factors were that allowed you to…
Scrolling through my Venmo transactions, it’s evident that requests for comically small amounts of money are almost always made by friends who were either born with or earn more money than me.The experience is curious and seemingly universal.”Rich people love to Venmo request you $4.72 for like half a bagel because they have no concept of money and don’t understand that working class people operate under an economy of buying someone a beer,” one X user mused.”Friend making $450k as a software engineer: ‘Can you Venmo me $3.62 for your share of the Uber ride?'” another wrote.Susan Bradley, founder of…
Michael Tubbs was born and raised in Stockton, California, roughly a one-hour drive from Silicon Valley, the birthplace of the AI revolution that’s now forecast to forever change the way Americans live and work. But despite coming of age in Big Tech’s backyard, the America that Tubbs grew up in was marked by “scarcity and poverty,” he told CNN. Tubbs, 33, was born to a teenage mother, whom he says he never saw when he was younger because “she was always working — and it was never enough.” His own experiences led him to think about different ways that the…
Last updated: April 13, 2024 12:18 EDT | 5 min read Before the emergence of Web3, brands primarily relied on Web2 channels, such as social media, to connect with consumers. In fact, recent statistics show that 77 percent of businesses use social media to reach customers. Consumer engagement strategies are evolving, however. With the maturation of new technologies like blockchain and artificial intelligence, forward-thinking brands have started incorporating these elements to better engage with consumers. Web3 Technology Enables Co-Created Beauty ProductsJana Bobosikova, Co-Founder of community commerce company KIKI World, told Cryptonews that while the internet provides a platform for brands to be…
There are four strategies investors can adopt to manage tax liabilities, regardless of who wins the 2024 election, according to UBS. The firm says investors should diversify their tax statements and defer capital gains for as long as they can. They should also ramp up lifetime gifting now and find a trust and estate lawyer, UBS says. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Depending on who is sitting in the Oval Office for the next presidential term, fiscal policy is going to look pretty different, UBS…
Nvidia is increasing employee compensation with a stock grant named after CEO Jensen Huang.The “Jensen special grant” awards an additional 25% of the initial stock grant given to employees.Three people told Business Insider it’d vest over four years, with the first portion coming in September. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Nvidia employees are about to get richer after the company decided to boost their compensation.Staffers are getting a “Jensen special grant” — an additional amount of restricted stock units, or RSUs, named after CEO Jensen…
Investment Thesis I think it is safe to say that Pfizer Inc. (NYSE:PFE) is probably one of the least wanted stocks, not only in the pharmaceutical complex of stocks but in the broader view of the market. Pfizer has been plagued by a myriad of issues that are posing severe headwinds for the company since the world emerged from the pandemic, causing acute decelerations in the company’s COVID-19 vaccine business. In addition, Pfizer has to deal with high costs across the board while building an innovation ramp for the next big drug that can drive their revenues once again. Moreover,…
