Author: Press Room
Trump slams legal team as they look on. Maggie Haberman has theory why 2024 Republican presidential nominee Donald Trump publicly criticized his legal team as a few of them looked on. CNN political analyst Maggie Haberman explains why she thinks he made the remarks. Read the full article here
Recently, I was on a company trip with my husband who is a wealth advisor. It was an awards trip for high performers in his profession. It has been fun over the years to meet people across the country and become friends. In past years, the conversations focused on sharing best practices about how they structured, built, and enhanced their businesses. Now these friends are in the fourth quarter of their careers, and our conversations are shifting into less familiar territory. Everyone had worked very hard to become star contributors to their businesses. Now they were starting to ask each…
Mortgage rates dipped a bit this week, still holding steady around the mid-6% range while demand remains weak in the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.46% this week from 6.49% last week. The average rate on a 30-year loan was 7.23% a year ago. “Although mortgage rates have stayed relatively flat over the past couple of weeks, softer incoming economic data suggest rates will gently slope downward through the end of the year,” said Sam Khater, Freddie Mac’s chief economist. “Earlier…
Exchange-traded fund inflows have already topped monthly records in 2024, and managers think inflows could see an impact from the money market fund boom before year-end.”With that $6 trillion plus parked in money market funds, I do think that is really the biggest wild card for the remainder of the year,” Nate Geraci, president of The ETF Store, told CNBC’s “ETF Edge” this week. “Whether it be flows into REIT ETFs or just the broader ETF market, that’s going to be a real potential catalyst here to watch.”Total assets in money market funds set a new high of $6.24 trillion…
CIA Director William Burns believed there was a real risk in the fall of 2022 that Russia could use nuclear weapons on the battlefield against Ukraine, though he said the West should not be intimidated by Russian President Vladimir Putin’s threats. “None of us should take lightly the risks of escalation,” Burns said Saturday in a moderated conversation with the U.K.’s secret intelligence chief Richard Moore at the Financial Times Weekend Festival.”There was a moment in the fall of 2022 when I think there was a genuine risk of the potential use of tactical nuclear weapons,” Burns said.”I have never…
They’re not on any of the major television networks, but they have millions of viewers. Now, the Justice Department is alleging that some of the biggest stars in right-wing social media were, unwittingly, part of a sinister Russian operation to influence the 2024 US election. The personalities weren’t directly named or accused of wrongdoing by the Justice Department, but court documents unsealed Wednesday revealed Russian state media producers funneled nearly $10 million to an unnamed Tennessee-based online media company. The company, identified by CNN as Tenet Media, boasts a slate of high-profile right-wing commentators as “talent,” including Tim Pool, Benny Johnson, Lauren Southern, Tayler Hansen, Matt Christiansen and Dave Rubin, collectively boasting millions of followers across social media platforms. Two Russian state…
A Global Insurer the Bulls Have Been Chasing In this week’s series of articles, I am continuing on the theme of mega-insurers with an analysis of Chubb Limited (NYSE:CB). To best summarize what this firm does, here is what the company said about itself on its official website: With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. Chubb has more than $225 billion in assets and reported $57.5 billion of gross premiums written in 2023. Chubb’s core…
Boeing’s history with Nasa’s space programme stretches back to the Apollo missions of the 1960s that cemented US dominance among the stars. Now, a shifting competitive landscape and a black eye from stranding two astronauts at the International Space Station are raising a once-unthinkable question: should the company exit the business? Nasa officials announced last month that astronauts Barry “Butch” Wilmore and Sunita “Suni” Williams would be returning to Earth aboard a SpaceX spacecraft next year rather than the Boeing CST-100 Starliner that carried them to the space station in June, their planned eight-day mission lengthening to eight months.Nasa administrator…
Video player was slow to load content Video content never loaded Ad froze or did not finish loading Video content did not start after ad Audio on ad was too loud Other issues Ad never loaded Ad prevented/slowed the page from loading Content moved around while ad loaded Ad was repetitive to ads I’ve seen previously Other issues Read the full article here
The IRS is asking for comments about a new way to save for retirement. The super-charged saver’s match builds on the existing saver’s credit and has been described as “an important opportunity to improve the long-term financial security for millions of low- to moderate-income Americans.” Under the plan, beginning in 2027, qualifying individuals making annual contributions of up to $2,000 to certain retirement plans will be eligible to receive up to $1,000 in a saver’s match contribution from the Treasury each year. The Saver’s Match is made possible by the SECURE 2.0 Act of 2022. Background SECURE 2.0 Act is…
