Author: Press Room

House Republicans leading the impeachment inquiry into President Joe Biden were dealt their latest blow this week when the CIA informed them that an allegation they pushed was false, the latest example of House Republicans citing questionable information to make a serious claim. Without the evidence or the votes to impeach the president, at this point there is no clear consensus on how – or even when – to end the Republican-led impeachment inquiry. This latest development comes after the Department of Justice charged a once trusted FBI informant with lying about the president and his son Hunter Biden’s involvement in business dealings, undercutting a major aspect of…

In a recent transaction, Keyvan Mohajer, the CEO of SoundHound AI , Inc. (NASDAQ:), has sold a portion of his holdings in the company. The transaction, which took place on March 22, 2024, involved the sale of 31,665 shares of Class A Common Stock at a weighted-average price of $6.0778 per share, totaling approximately $192,453. The sale was conducted under a prearranged trading plan known as a Rule 10b5-1 plan, which Mohajer had adopted in December of the previous year. These plans allow company insiders to sell shares over a predetermined period of time to avoid accusations of trading on…

Investing.com — Crude prices settled lower Monday, as widely expected decision from OPEC+ to extend its current pace of production cuts until the second quarter offered little support amid ongoing concerns tepid demand. At 14:30 ET, or (19:30 GMT), the  for May fell 1.5% to settle at $78.74 per barrel, while expiring in May had fell 0.8% to $82.86 a barrel. OPEC+ extends production cuts until Q2, but demand concerns continue Russia and Saudi Arabia, who lead the Organization of the Petroleum Exporting Countries and its allies, or OPEC+, committed to maintaining their current run of 2.2 million barrels per…

By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -The yen tumbled to a four-month low on Tuesday after the Bank of Japan’s momentous, widely anticipated decision to end its negative interest rate policy, while the dollar strengthened ahead of the Federal Reserve’s latest outlook for rates. In a historic shift from decades of massive monetary stimulus, the Japanese central bank ended eight years of negative interest rates and other remnants of unorthodox economic policy after a two-day meeting of policymakers. As most investors had already priced in a change, the yen dropped more than 1%, weakening in U.S. trading…

By Leika Kihara TOKYO (Reuters) – Bigger-than-expected pay hikes by major Japanese firms have significantly heightened the chance the central bank will end eight years of negative interest rate policy next week, marking a landmark shift away from its huge stimulus programme. Internal preparations for an exit have been in the works since Kazuo Ueda took office as BOJ governor in April last year, and were mostly done by year-end, say sources familiar with the bank’s thinking. BOJ officials, including Ueda, have recently stressed the timing of a shift away from negative rates would depend on the outcome of this…

Suppose you’ve saved for a few decades in your 401(k) plan and IRA and you’re approaching retirement. How do you know if you’ve saved enough money? You might have heard you’ll need to save $1.46 million to have a comfortable retirement, based on a recent survey of 4,588 U.S. adults conducted by Northwestern Mutual. The trouble is, the vast majority of pre-retirees have saved much less than that. Will they ever be able to retire? It turns out that focusing on a “magic” savings number is the wrong way to decide if you can afford to retire. Instead, replace magic…

Inflation is up yet again, largely due to rising gas prices and housing costs. For the last 12 months, the Consumer Price Index (CPI) for all items increased by 3.2%, the U.S. Bureau of Labor Statistics reported. This is up slightly from the 3.1% increase last month. On a monthly basis, CPI increased 0.4 percentage points in February. This increase comes after the index rose by 0.3 percentage points in January.The shelter index and gasoline index are responsible for most of February’s CPI increase. Combined, they account for 60% of the monthly increase. The shelter index rose by 0.4% while…

When student loans restarted in October of last year, many borrowers were less than excited. The one saving grace for those struggling to keep up with these payments was the 12-month “on-ramp” where missed payments wouldn’t affect credit scores or result in default. This on-ramp was intended to make restarting payments less of a burden on borrowers, but it’s quickly coming to a close. On September 30, any missed payments or partial payments will result in the usual consequences borrowers saw before the student loan pause.These consequences include dings to borrowers’ credit scores, loan default, collection calls and garnished wages if…

A growing number of Americans are falling behind on their car payments, an ominous sign for the U.S. economy as high auto prices and stubborn inflation strain household budgets. Car loan delinquencies tumbled in the early days of the pandemic as the government sent trillions in stimulus money to American homes and businesses. However, delinquencies have progressively ticked higher as sky-high prices for used and new cars alike forced consumers to take out bigger loans and drain their savings accounts.At the end of December, about 7.69% of auto debt moved into delinquency — the highest level since 2010, according to…

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- and 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 select a lender…