Author: Press Room
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 6, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.500%, which is 0.010 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate…
An uptick in sausage demand can offer the latest sign of consumers tightening their belts as they continue grappling with high prices.There’s been “modest growth” in the dinner sausage category for one producer, according to the Dallas Federal Reserve’s Texas Manufacturing Outlook Survey released Monday. This underscores the trends of shoppers opting for cheaper products and pulling back spending all together as cumulative inflation bites into purchasing power.”This category tends to grow when the economy weakens,” the respondent said, according to edited comments included in the Dallas Fed’s report. That’s because “sausage is a good protein substitute for higher-priced proteins…
A New York federal judge has ordered U.S. probation officials to investigate the recent arrest of a convicted drug dealer who was released from prison in early 2021 when his 10-year sentence was commuted by former President Donald Trump.The order raises the possibility that the drug dealer, Jonathan Braun, could be sent back to prison for his federal marijuana-related conviction because of his arrest last week in Nassau County, New York, for allegedly assaulting his wife and father-in-law.It also raises the prospect that Braun could become an issue in the 2024 presidential election, where Trump is trying to paint Democratic nominee Vice President Kamala…
The Federal Trade Commission said Monday that Care.com had agreed to a proposed $8.5 million settlement to address what the FTC called “unlawful practices,” which include misleading both the job seekers and job posters who use the site. “Care.com used inflated job numbers and baseless earnings claims to lure caregivers onto its platform, and used deceptive design practices to trap consumers in subscriptions,” said Samuel Levine, director of the FTC’s Bureau of Consumer Protection, in a statement released Monday afternoon. “The order announced today puts a stop to these unlawful practices, returns millions of dollars to consumers and helps ensure…
Bridgestone Corporation (OTCPK:BRDCF)(OTCPK:BRDCY) saw a bit of pressure on some of its more profitable products due to low-priced Thai imports taking the market by storm, with a destocking trend ahead of possible higher tariffs. While Bridgestone is looking more discounted now compared to peers unlike in our previous coverage, and is doing a bit better than some peers in specialty segments, they are still exposed to this Thai import situation and may see another pressured quarter before things more obviously improve. There is also the industrywide pressure emerging on new vehicle demand that looks recessionary. Latest Earnings The latest earnings…
Israel’s military launched a wave of air strikes in southern Lebanon in the early hours of Sunday, in what it said was an attempt to foil an “extensive attack” by the militant group Hizbollah.The exchange of fire was the biggest between Israel and Iran-backed Hizbollah since they fought a 34-day war in 2006, and marked a sharp escalation of the hostilities that have simmered between the two sides since the start of the war between Israel and Hamas in Gaza last year.Hassan Nasrallah, Hizbollah’s leader, sought to draw a line under the exchange on Sunday evening, saying the attack was…
Fresh off a week of daily counterprogramming events and an effort to steal the spotlight from his new opponent, Donald Trump and his campaign are seeking to harness that pace in the lead-up to November — with plans to aggressively ramp up the former president’s schedule, hone his debate skills and cultivate a new ground-game strategy tied to the early voting states, sources familiar with the strategy shift told CNN. The new approach is itself an acknowledgment that Trump’s campaign has struggled to adapt to the fast-changing political landscape after President Joe Biden ended his campaign less than four months…
Many American retirees are making significant mistakes with their traditional IRAs by planning to leave the accounts to their children or other heirs. Inheriting a traditional IRA never was a great deal and is significantly less appealing to heirs now. An IRA owner can take actions to increase the value of inheriting the assets. Most other assets are inherited income-tax free, plus the heir increases the tax basis to its current fair market value. The heir can sell the assets immediately and owe no capital gains or income taxes, no matter how much the asset appreciated during the previous owner’s…
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 6.490% as of August 7, which is 0.365 percentage points higher than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.625%, which is 0.125 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea to…
Travelers, be warned: The federal government may revoke your passport if you ignore a big tax bill.Such punishments have become more frequent in recent years, experts said.Federal law requires the IRS and Treasury Department to notify the State Department if an American has a “seriously delinquent tax debt.”This is a large federal debt — of more than $62,000 in 2024 — that the taxpayer has repeatedly ignored.The debt threshold includes aggregate total federal tax liabilities, plus penalties and interest, levied against an individual. It’s adjusted annually for inflation.The State Department generally won’t issue a new passport and may revoke or…
