Author: Press Room

President Biden announced Thursday that $5.8 billion in student loans would be “canceled” for 78,000 borrowers working in the public sector, bringing his administration’s total student debt write-offs to $143.6 billion. Biden pledged to find other avenues for tackling debt relief last year after the Supreme Court in June blocked his broader plan to cancel $430 billion in student loan debt, deeming it unconstitutional.Republicans have often criticized student debt cancellation plans, noting that the loans will be transferred to taxpayers who will ultimately end up footing the bill. BIDEN ANNOUNCES PLAN TO BAIL OUT STUDENTS FOR LOAN DEBTS UNDER $12K The latest…

For the first time in a decade, average credit scores have decreased slightly to 717, according to data released by FICO. In 2023, average scores sat at 718. This decline is likely due to high interest rates and inflation that are causing consumers to miss more payments and take on higher levels of debt. Since October, more than 18% of Americans have had past-due payments on one or more credit accounts. Compared to April 2023, this is up by 4%, FICO reported.Missed payments on mortgages and auto loans have gone up but are still lower than they were before 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-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…

With the cost of college on the rise plus an unstable debt load, the best thing parents can do is to set children up for financial success — and that can start as early as the kindergarten years. Gregg Murset, CEO of BusyKid, a chore app that provides kids with debit cards and financial education, believes the best way to avoid “digging yourself into a hole of debt” is by starting the saving process much earlier.And while this may sound like a task for the parents, it’s also something the kids should get involved with, according to Murset, who is…

A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks.In health care, Roundhill Investments is getting ready to launch a fund that focuses on the companies behind GLP-1 drugs. Dave Mazza, the firm’s chief strategy officer, expects to have more information on the fund’s debut in May.”It’s going to be important to kind of keep an eye on this space,” Mazza told CNBC’s “ETF Edge” this week. “We’re going to see some rapid advancements in drugs. We’re already seeing rapid advancements of those leaders launching new drugs and new opportunities in…

After a frustrating day at work or fight with your significant other, calling a friend to complain might seem like a good idea. Venting won’t help you manage your anger, though, according to a recent paper published in Clinical Psychology Review. Researchers studied how effective arousal-increasing activities, like venting or running, and arousal-decreasing activities, like meditation or yoga, are at calming a person down. They analyzed 154 studies involving more than 10,000 participants and found that arousal-decreasing activities were better at helping a person manage their anger. Next time you want to unload your problems on a friend, take a beat and consider meditating…

There are certain bad design decisions that seem to persist for no good reason. Like when you buy a pair of scissors but can’t get to them because they’re trapped inside a hard plastic shell that requires scissors to open. Or the Apple mouse, with its port on the underside, rendering it unusable while charging. These frustrations don’t make a product bad, per se; they’re just irksome. The kind of little frictions that make you think, Why’d they do that? No standard spoon can fit inside the narrow openings of the typical glass caper jar. Dumping them out risks loss…

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Last updated: March 23, 2024 05:25 EDT | 2 min read AI startup Anthropic will not accept investments from Saudi Arabia in the sale process of 8% of its shares as part of FTX’s bankruptcy proceedings.Executives at Anthropic have cited these concerns as the reason for ruling out Saudi Arabian involvement, as reported by CNBC.Bankman-Fried, acquired the stake three years ago for $500 million. Thanks to the recent surge of interest in AI technologies, the value of the 8% stake has now exceeded $1 billion.The proceeds from the stake sale will be used to repay FTX customers, and the transaction is expected to…

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