Author: Press Room

By Leika Kihara TOKYO (Reuters) – Prospects of strong wage hikes this year have heightened the chances the Bank of Japan will phase out its massive monetary stimulus in what would be a landmark shift away from its decade-long stimulus programme. Below are the key tools that make up the central bank’s complex stimulus framework, and what will likely happen to them when the BOJ decides to exit from ultra-loose policy: NEGATIVE INTEREST RATE POLICY Since 2016, the BOJ has been applying a 0.1% charge on a small pool of excess reserves financial institutions park with the central bank. By…

By Hanna Horvath, Next Avenue By the time most Americans enter retirement age, they want to be free from many financial burdens. But for a growing number of older adults, debt has become an unwelcome traveling companion. According to the Survey of Consumer Finances, the number of households headed by adults ages 65 or older with any debt rose from 41.5% in 1992 to 60% in 2016. The median total debt for older adult households with debt was $31,300 in 2016. By understanding what’s driving this trend and what resources are available, older Americans can take better control of their…

Voters are focused on the housing affordability crisis as the contentious 2024 presidential election heats up.  More than half of homeowners and renters, 53.2%, admitted that housing affordability will impact who they vote for in November, according to a recent survey from Redfin. To gather data, the survey, which was conducted by Qualtrics, was fielded on roughly 3,000 U.S. homeowners and renters in February.  MORTGAGE CALCULATOR: SEE HOW MUCH HIGHER RATES COULD COST YOU “Housing affordability is top of mind for voters because elevated mortgage rates and home prices, along with an acute housing shortage, have pushed the dream of homeownership…

The political tug of war over student loan forgiveness registered a new chapter as 11 Republican-led states filed suit against President Joe Biden and the U.S. Department of Education to stop the SAVE Plan.  The Biden Administration introduced the Saving on a Valuable Education (SAVE) plan after the Supreme Court struck down Biden’s student loan forgiveness plan. The White House said in a statement that the SAVE plan could lower borrowers’ monthly payments to zero dollars, reduce monthly costs in half and save those who make payments at least $1,000 a year. Additionally, borrowers with an original balance of $12,000 or less…

Cardholders of American Express and Delta’s six co-branded credit cards will receive new benefits and increased annual fees in changes the companies revealed Thursday. Delta SkyMiles American Express credit cardholders can already make use of the new benefits, the companies said. Under the updates, people who use their co-branded cards for some Resy restaurants, certain rideshares and prepaid Delta Stays accommodations can earn annual statement credits of varying amounts depending on their card type, according to American Express. The total value of the credits range from up to $300 for Gold to $610 for Reserve Business. Platinum, Platinum Business, Reserve and…

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 lower for 3-year loans and higher 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…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. U.S. stocks were higher Monday as Wall Street tried to recover from last week’s pullback. Recently, investor concerns about the Federal Reserve’s next policy move have weighed on the market. “Let’s stop being focused on the short-term,” Jim Cramer said Monday, cautioning Club members against investing based on Fed officials’ comments. He was echoing his Sunday column . “Let’s focus on what’s about to come, which is earnings,” he said. Club names Constellation Brands and…

Check out the companies making headlines in midday trading. GE Vernova — Shares of energy company GE Vernova, which spun off from General Electric last week, gained 5.4% following an upgrade to overweight from neutral from JPMorgan. The firm said investors should buy the dip in GE Vernova, and said shares have pulled back since the spinoff largely due to technical and flowback selling and are now trading at a discount. Tesla — The beaten-down electric vehicle maker gained 4% after CEO Elon Musk said late Friday that Tesla will unveil its long-awaited robotaxi design on Aug. 8. Taiwan Semiconductor…

Shares of Trump Media & Technology Group continue to rapidly fall back to Earth. The Truth Social owner dropped by another 10% on Monday, adding to a brutal week that wiped out a third of the stock’s value. The selloff has shrunk former President Donald Trump’s stake in the controversial company to about $2.9 billion. That’s down sharply from a peak of $5.2 billion based on the closing high of $66.22 on March 27, the day after it went public. Trump owns a dominant stake of 78.8 million shares in Trump Media, which launched in 2021. Its plan to go…

Last updated: April 8, 2024 11:50 EDT | 3 min read Jim Lee, a 29-year veteran of the United States government with a significant tenure as the chief of the Internal Revenue Service’s (IRS) Criminal Investigations team, has transitioned to a new role at cryptocurrency analytics firm Chainalysis.In an announcement on April 8, Chainalysis revealed that Lee has joined the company as its global head of capacity building. In this capacity, he will focus on collaborating with international agencies to develop effective solutions against cryptocurrency-based crime.Former IRS Chief Joins Chainalysis to Combat Crypto Crime We’re honored to welcome former IRS-CI…