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. During the week of Aug. 5, 2024, average private student loan rates decreased for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 5-year variable-rate loans, while rates increased for 10-year fixed-rate loans. 10-year fixed rate: 7.71%, up from 7.50% the week before, +0.215-year…
Cisco shares popped in extended trading on Wednesday after the networking company said it’s cutting 7% of its global workforce and reported quarterly results that topped analysts’ estimates.Here are the key numbers:Earnings: 87 cents per share, adjusted, vs. 85 cents per share estimate, adjusted, according to LSEG.Revenue: $13.64 billion vs. $13.54 billion estimate, according to LSEG.Cisco said in a filing that it’s implementing a restructuring plan that will result in $1 billion in pre-tax charges to its financial results and will “allow it to invest in key growth opportunities and drive more efficiencies in its business.” The company said $700 million…
Here’s a rapid-fire update on all 32 stocks in Jim Cramer’s Charitable Trust, the portfolio we use for the CNBC Investing Club. During the August Monthly Meeting on Wednesday, Jim also offered grades on companies that have reported results so far this earnings season. Read the full article here
Shopping around for a car? You’re in luck. Shopping around for a new auto insurance policy? Better buckle up. New, used and even rental car prices continue to slide while car insurance rates remain vastly elevated. That diverging trend seems counterintuitive: If the price tag for a car has gone down, shouldn’t the cost to insure it go down too? If only it were that simple. “It’s a mosaic of factors that impact auto insurance costs,” said Scott Shapiro, who leads KPMG’s US insurance division. “While there is a general correlation between the price of the vehicle and insurance as it…
Digest Some Profit Our group was investing in food and beverage companies in 2017. We mistakenly thought The Kraft Heinz Company (NASDAQ:KHC) stock was a good buy. It was selling then for $86.67 per share. The company unraveled but recently got traction with other consumer staples stocks. We think the stock is a Sell opportunity after its pop in price last week. Seeking Alpha’s Quant Rating is Hold, and has been for most of the past three years. If the share price slips to around $30 again it can be an opportunity to make Moderate Buys. Despite the stock’s price…
The chief executive of the world’s largest online betting company said its dominant US market share means it does not need to pass on the cost of tax increases to customers.“When competitors raise their prices, then the customers come over to us,” Peter Jackson, chief executive of Flutter Entertainment, told the Financial Times. Flutter is the parent company of FanDuel, a US sports betting platform that Flutter says has 51 per cent of market share by net revenue. DraftKings, FanDuel’s biggest competitor, recently announced a tax surcharge on bets placed in high-tax states, but on Tuesday evening rescinded the policy after Flutter…
Democratic vice presidential nominee Minnesota Gov. Tim Walz responded to GOP attacks on his military service in the Army National Guard during a speech at the American Federation of State, County and Municipal Employees union convention. CNN’s Natasha Chen reports. Read the full article here
When discussing Social Security filing strategies with clients, I often run across the confusion between a spousal benefit and a survivor benefit. There is a difference as they are two totally separate benefits. When your spouse passes away, the ability to collect a spousal benefit or continue to receive a spousal benefit ends as your spouse is deceased. After this life event, you are eligible to begin collecting a survivor benefit. This information applies to the current spouse only, not an ex-spouse. The 3 most common Social Security benefits are: 1. Worker benefits – the worker benefit is your own…
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 6.875% as of July 11, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is 0.135 percentage points lower than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market comeback: Stocks are having a strong day, boosted by the encouraging wholesale inflation data released earlier Tuesday. At roughly 5,420 on the S & P 500 , the broader market has fully recovered all its steep losses related to the so-called “yen carry trade” from last Monday . In addition, the S & P 500 is almost back to where it was before the soft July jobs report on Aug.…
