Author: Press Room

By Mike Dolan LONDON (Reuters) -Next week’s Federal Reserve meeting has lost the heat it once had as a likely moment for the central bank’s first interest rate cut – but it could shine a big light on where the Fed thinks the economy is at over the long run. Conditioned by verbal pushback from Fed officials all year and still-sticky inflation and punchy growth readings, futures markets currently price a near zero chance of a first cut at the March 20 gathering and now favour June or July instead. And yet the readout from the meeting will be packed…

As the owner of one of the leading companies that moves household goods to Mexico, in addition to being asked about the procedure for importing household goods, I get asked all sorts of questions about what it’s like to live in Mexico, such as: What’s the weather like? Answer: Except for the far north-west of Mexico (think: Tijuana and Ensenada, which has weather like San Diego, California) the weather at the beach in Mexico is hot the summer and pretty ideal in the Highlands pretty much all year round. Will I be killed by cartel members? Answer: There’s a good…

Mortgage interest rates on the 15-year and 30-year mortgages are down from last week, Freddie Mac reported. “The 30-year fixed-rate mortgage decreased again this week, with declines totaling almost a quarter of a percent in two weeks’ time,” Freddie Mac Chief Economist Sam Khater said.For 30-year, fixed-rate mortgages, the average interest rate was 6.74% this week, a decent drop from last week when rates averaged 6.88%. Rates aren’t down quite as much as last year when they were 6.6%, on average. Additionally, 15-year mortgages averaged 6.16%, down slightly from last week when they averaged 6.22%. These mortgages also aren’t as…

The White House on Wednesday announced that President Biden has canceled another $1.2 billion in student loan debt for more than 150,000 borrowers earlier than expected. In an executive action that was originally planned for July, Biden has activated a Savings on Valuable Education (SAVE) plan policy that cancels debt for enrolled borrowers who have been in repayment for at least 10 years and hold $12,000 or less in student loan debt. Those with larger debts will receive relief after an additional year of payments for every additional $1,000 they borrowed. “This shortened time to forgiveness will particularly help community college…

In the wake of Capital One announcing plans to purchase Discover earlier this week, opposing views have already emerged over whether the deal — if it goes through — will be good or bad for consumers. One camp argues that the acquisition would benefit consumers because it combines two major players in the industry and puts Capital One in a better position to compete with dominant behemoths Visa and Mastercard, thereby driving down costs.  John Berlau, director of finance policy at the Competitive Enterprise Institute (CEI), said in a statement, “This proposed merger of a credit card issuer with one…

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…

Money-related New Year’s resolutions are common because, often, many people want to improve their financial situation. Unfortunately, merely stating intentions like “get out of debt in 2024” or “save more money” without concrete plans is often just a wish, which is why many resolutions are abandoned by February. That doesn’t imply that you can’t enhance your circumstances in the upcoming year. By establishing clear and achievable objectives, you can position yourself for success.Not sure how? Just follow these simple steps. THIS IS THE TOP FINANCIAL RESOLUTION AMERICANS MADE FOR 2024: SURVEY Make specific goalsBudgetMake sure success is measurableTurn big goals…

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 reversed lower Monday, kicking off the second quarter of 2024. The S & P 500 has been on a tear this year, wrapping up its fifth consecutive positive month on Thursday. The recent rally has pushed the market into overbought territory, according to the S & P 500 Short Range Oscillator. “This is a dangerous level to get in, but not a bad level to start selling,” Jim Cramer said. Jeff Marks, director…

Check out the companies making headlines in midday trading. Micron Technology — Shares jumped more than 6% after Bank of America raised its price target on the chipmaker. The Wall Street firm expects demand for high-bandwidth memory technology will grow to more than $20 billion by 2027. Cameco — Shares rose more than 5% after Goldman Sachs initiated coverage of the uranium producer with a buy rating, saying there is more than 25% upside. Semtech — Shares advanced more than 6% after the semiconductor manufacturing company last week reported fourth-quarter revenue that beat expectations. Semtech posted revenue of $192.9 million,…

Microsoft will no longer sell its Teams collaboration software as a bundled product with its Office 365 suite anywhere in the world, the company said Monday, in the face of antitrust concerns. The decision to separate Teams from Office globally extends a previous announcement last year affecting only the European Union. And it comes after rivals such as Salesforce’s Slack complained in 2020 that Microsoft’s practices were a form of anticompetitive self-dealing. Slack’s complaint led to a European Commission antitrust investigation of Microsoft that is still ongoing. Monday’s announcement appears aimed at allaying some of those concerns, allowing customers worldwide to buy Microsoft’s…