Author: Press Room

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 6.375% as of March 12, which is unchanged from yesterday.  With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms, and fees to…

The Biden administration is reportedly preparing to take a second crack at broad student loan forgiveness for millions of Americans after the Supreme Court struck down its first attempt. Citing people familiar, The Wall Street Journal reported Friday that the administration will roll out proposed regulations offering sweeping bailouts as early as next week, and “the president’s advisers hope to use the rules to begin canceling waves of student debt in the run-up to the November election.” The White House did not immediately respond to FOX Business’ request for comment on the report.President Biden’s initial student loan handout plan, which…

Americans are racking up more credit card debt as still-high inflation and steep interest rates continue to make the cost of everyday necessities more expensive.  The New York Federal Reserve Bank’s Quarterly Report on Household Debt and Credit, slated for release on Tuesday morning, is expected to show that credit card debt hit a new record during the three-month period from October through December, smashing a previous high of $1.08 trillion, according to Matt Schulz, chief credit analyst LendingTree.”I’d be surprised if credit card debt didn’t go up in the fourth quarter, and possibly by a good amount,” Schulz told…

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…

Numbers don’t lie – and according to a recently released report, Gen X has the largest retirement savings wealth gap when compared to any other generation. “Cut back on spending and increase savings. That’s all they could possibly do,” Thru the Cycle President John Lonski said on “Varney & Co.” Tuesday. “When are they going to go ahead and make that type of move? It’s beyond me. But it might well be that this consumer spending spree that’s been around 2022 to 2023 may disappear in 2024.”Schroders’ 2023 U.S. Retirement Survey found that people between the ages of 43 and…

Just as the auto industry was grappling with BYD ‘s rapid rise, Chinese smartphone company Xiaomi has burst into the market — undercutting Tesla and vowing to become a global player. Even as Apple this year scrapped development of an electric, self-driving car , Xiaomi’s founder and CEO Lei Jun pledged that making a car will not only be his final legacy project, but a product that turns the company into one of the top five automakers in the world in the next two decades. Xiaomi’s Hong Kong-listed shares soared last week to a two-year high after the company introduced…

Deryl McKissack’s career is a culmination of effort from five generations.The 62-year-old is the president and CEO of McKissack & McKissack, the Washington, D.C.-based construction management and design firm behind some of today’s most recognizable buildings — from building the Smithsonian African American Museum of History and Culture to repairing the Abraham Lincoln and Thomas Jefferson memorials.The firm’s legacy dates back to her great-great grandfather Moses, a skilled brick maker who originally came to the U.S. as a slave in 1790. His skills were passed down and cultivated from generation to generation, prompting two of his grandsons to create a construction…

American manufacturers have been squeezed for the past two years by lingering supply-chain disruptions and high interest rates, but the industry finally expanded in March for the first time in 16 months, according to the Institute for Supply Management. But a resurgence in the industry could complicate the Federal Reserve’s ongoing inflation fight, either delaying the first interest rate cut or resulting in fewer cuts this year, some economists say. Interest rates have been at a two-decade high since July, after the Fed raised rates aggressively over the prior year and a half. ISM’s latest purchasing managers index for the…

Last updated: April 7, 2024 12:00 EDT | 2 min read Political campaigns in South Korea are leveraging the country’s prominent crypto market to attract voters ahead of the parliamentary election. Both major political parties, President Yoon Suk Yeol’s People Power Party and the opposition Democratic Party, have included crypto-related promises in their campaign platforms.The People Power Party has pledged to delay the implementation of a digital-asset tax, recognizing the importance of the crypto industry to voters.On the other hand, the Democratic Party has focused on lifting restrictions on exchange-traded funds (ETFs), including those holding US Bitcoin products. South Korea to Offer Exposure to…

Raiffeisen Bank’s Russian exit strategy has drawn scrutiny from Washington, Reuters reported. Shares in the bank fell as much as 16% Wednesday, as the planned deal could potentially lead to sanctions. The US has been stepping up pressure on foreign banks that facilitate transactions with Moscow. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app An Austrian bank’s plan to repatriate $1.6 billion in assets still stuck in Russia is facing US pushback, on concern that the deal would breach Western sanctions.The Raiffeisen Bank International remains the biggest foreign-owned…