Author: Press Room

By Jason Hovet PRAGUE (Reuters) – The Czech National Bank is likely to deliver another 50-basis-point interest rate cut next week, with a weaker crown and remaining price pressures tempering thoughts of quicker monetary easing, a Reuters poll showed on Friday. Policymakers delivered rate cuts of 25 and 50 basis points, in December and February respectively, in an easing cycle that reduced borrowing costs from more than two-decade highs. While inflation has come down quickly – and hit the central bank’s 2% target last month for the first time since 2018 – prices are still rising fast in services and…

Recently I wrote about the new Robinhood Gold Card. It pays 3% cash back on all purchases, making it one of the most valuable rewards credit cards available today. As I noted in the article, however, to qualify you must be a Robinhood Gold member, which costs $50 a year if paid annually. So what’s this got to do with retirement savings? As a member of Robinhood Gold, you also get a 3% match on all IRA contributions. For those that max out their IRA this year with $8,000 in contributions, Robinhood throws in an extra $240. What I want…

Gen Z’s moving habits show a preference for warmer states, even if moving there means paying higher rent costs, a Zillow report showed.  The three states that saw the largest influx of Gen Zers in 2022 were Texas, California and Florida. California saw the largest outflux of residents in general, with nearly 215,000 residents leaving. Still, 44,000 Gen Zers moved to the state, according to Zillow. Texas saw the largest influx of Gen Zers, over California and Florida, with a net gain of more than 76,000 movers.The other states Gen Z moved to most often included North Carolina, Washington, Colorado,…

The Biden-Harris administration recently released another proposal to help borrowers handle high-cost student loans. This round of student debt relief is designed to help students facing serious financial hardship. The proposal would provide automatic relief to borrowers deemed likely to default on their loans in the next two years.”College is meant to lead to a better life, but too many students end up struggling due to their student debt,” Under Secretary James Kvaal said. “The ideas we are outlining today will allow us to help struggling borrowers who are experiencing hardships in their lives, and they are part of President…

Predictions abound for credit card interest rates in the coming months. Like many interest rates, it’s likely credit card interest rates will drop if the Fed starts cutting rates. Credit card APRs have risen steadily for the last 22 months, landing at 22.75% in November 2023, Federal Reserve data showed. Rising rates were largely attributed to the Fed’s frequent rate hikes throughout the year.Rates aren’t expected to drop by much, especially compared to how much they’ve increased in recent years. What the Fed does with interest rates is one of the biggest determining factors. “Ultimately, with the changes of the…

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- 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…

With Valentine’s Day approaching and tax season underway, both love and money are in the air. Although most couples claim to be well-aligned when it comes to their spending and financial futures, new data shows some partners might want to sit down and have a talk.Fidelity Investments’ biennial Couples & Money Study released Thursday found that while 9 out of 10 couples said they communicate well, more than 45% admitted privately that they argue with their significant other about finances at least on occasion, and 1 in 4 pointed to money as the greatest challenge in their relationship. “Navigating finances…

Hedge fund manager Mark Yusko is predicting bitcoin will more than double this year to $150,000.”Get off zero,” the Morgan Creek Capital Management CEO and chief investment officer told CNBC’s “Fast Money” this week.Yusko thinks investors should have at least 1% to 3% allocated to bitcoin in their portfolios. “Bitcoin is the king. It is the dominant token. It is a better form of gold,” he said.As of Thursday’s stock market close, bitcoin is up about 159% over the past year. It had surpassed the $73,000 level earlier in March, but was trading around $70,700 Thursday evening.”The law of large…

It’s never easy to admit you made a mistake, or ask for help fixing it — but doing both of those things once saved tech giant Nvidia from collapse, according to CEO and co-founder Jensen Huang.Nvidia is currently valued at more than $2.2 trillion, powered partially by the tech industry’s artificial intelligence boom and high demand for its computer chips. But in 1996, it was three years old, facing layoffs and close to going out of business as a contract with a major partner — video game company Sega — fell apart.Huang’s strategy to keep Nvidia afloat involved a rare…

All over the world, and for centuries, people have thrown coins into fountains, wishing wells and rivers for good luck. It’s a tradition widely depicted in movies, ranging from Disney’s “Snow White and the Seven Dwarfs” to the 1954 film “Three Coins in the Fountain”; and in the lyrics of viral modern songs such as “Call Me Maybe.” Throwing coins into fountains is a practice many people have grown up seeing and a superstition many have participated in. A trip to Rome is not complete without a coin toss backward into the Trevi for the promise of one day returning…