Author: Press Room
Justice Jackson explains what exactly concerned her about Trump’s immunity ruling Supreme Court Justice Ketanji Brown Jackson told CBS News that she is “concerned” about the court’s divisive decision to grant sweeping immunity to former President Donald Trump because it treats one person differently than others in the criminal justice system. Read the full article here
By Lucy Lazarony, Next Avenue Many Americans in their 50s don’t have nearly enough savings set aside for retirement. How bad is the shortfall? According to Prudential’s 2024 Pulse of the American Retiree survey, with just a decade until the traditional retirement age, 55-year-old Americans have less than $50,000 in median retirement savings. Prudential says that is “significantly short” of the recommendation to have saved eight times one’s annual income by that age. The Bureau of Labor Statistics estimated in June that the median annual wage for U.S. workers aged 55 and older was $62,244. Eight times that amount is…
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. The interest rate on a 30-year fixed-rate mortgage is 6.125% as of August 5, which is 0.250 percentage points lower than on Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.490%, which is 0.135 percentage points lower than on Friday. With mortgage rates changing daily, it’s a good…
Three of the nation’s largest retailers — Dollar General, Dollar Tree and Kroger — charge fees to customers who ask for “cash back” at check-out, amounting to more than $90 million a year, according to the Consumer Financial Protection Bureau.Many retailers offer a cash-back option to consumers who pay for purchases with a debit or pre-paid card.But levying a fee for the service may be “exploiting” certain customers, especially those who live in so-called banking deserts without easy access to a bank branch or free cash withdrawals, according to a CFPB analysis issued Tuesday.That dynamic tends to disproportionately impact rural…
Nordstrom on Tuesday posted earnings that blew past Wall Street’s expectations, indicating the department store is making strides in its efforts to cut costs and boost efficiencies. Though the Seattle-based retailer posted earnings per share that were 25 cents higher than expected, it issued tepid guidance for the full year. Nordstrom now expects adjusted earnings per share to be between $1.75 and $2.05, compared to a previous range of $1.65 to $2.05. It anticipates sales will be in a range of a 1% decline to 1% growth from the prior year, compared to previous guidance of down 2% to up 1%. In a…
Yet another podcast has inked a deal upwards of $100 million. Brothers and NFL stars Jason and Travis Kelce signed a deal with Amazon’s podcast studio Wondery for their “New Heights with Jason & Travis Kelce” podcast. The agreement brings exclusive ad-sales and distribution rights for all audio and video episodes to Wondery. It also includes the entire back catalog. A source familiar with the Kelce brothers’ deal tells CNN the agreement is in the $100 million range. The deal goes into effect this month, just in time for the latest NFL season. “New Heights,” entering its third season, is…
Investment Overview I am initiating coverage on Lucid Group, Inc. (NASDAQ:LCID) stock with a “Sell” rating. In the last 12 months, Lucid stock has declined by 36%, and I believe that the stock is likely to remain in a downtrend. This initiating coverage discusses the reasons to be bearish on this electric vehicle company. It’s also worth noting that the correction in Lucid stock has been for an extended period. The stock was listed during the meme euphoria of early 2021 and went ballistic. The excitement was however short-lived and Lucid stock started trending lower from December 2021. An extended…
Revenues rose 3 per cent at BHP, the world’s largest mining company, as it said an “uneven recovery” in the Chinese economy, sluggish industrial demand and higher interest rates will continue to cause volatility in global commodity markets.The company said revenue for the year to June rose 3 per cent to $55.7bn while underlying earnings increased 4 per cent. However, profit attributable to shareholders fell 39 per cent due to a $2.7bn writedown of nickel assets and a $3.8bn charge related to a dam collapse in Brazil. The full-year dividend fell 14 per cent over last year.BHP said it expects Chinese…
Former presidential candidate Robert F. Kennedy Jr., who suspended his campaign on Friday and endorsed Republican nominee Donald Trump, has a long history of criticizing the man he now supports, including calling Trump a “threat to democracy,” and, as recently as July, a “terrible president.” For years, Kennedy has repeatedly condemned Trump, referring to him as a “bully,” who appealed to “bigotry,” “hatred,” “xenophobia” and “prejudice.” Among the chief attacks Kennedy has leveled at Trump through the 2024 campaign is to accuse him of corruption for turning his administration over to corporate lobbyists and special interests and failing to “drain the…
Many estate owners are concerned about what will happen to the wealth in the next generation and the effects the inheritance will have on their heirs, making how to leave wealth to the next generation one of the most difficult estate planning decisions. Wealth is accumulated and preserved for the next generation at least partly to enrich the lives of loved ones. But there are many stories of heirs wasting or mismanaging inheritances and other stories of inheritances changing heirs for the worse. Several different types of trusts are available to avoid these negative consequences. Each has advantages and disadvantages,…
