Author: Press Room
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…
Wall Street takes back-to-back weekly gains and an overbought market into an important week featuring Nvidia earnings and the latest reading on the Federal Reserve’s favorite inflation gauge. Fed Chairman Jerome Powell on Friday gave the speech from Jackson Hole that investors wanted to hear. The S & P 500 and Nasdaq bounced back from Thursday’s losses, and each finished the week up nearly 1.5%. Powell indicated interest rate cuts are on the way, saying the “time has come for policy to adjust.” The market now expects 100 basis points, or 1 percentage point, of cuts by the end of…
It’s been another rollercoaster of a year so far for the US housing market. Elevated mortgage rates and home prices have pushed prospective homebuyers to the sidelines. In addition, homeowners have been reluctant to put their properties on the market and risk potentially forfeiting the ultra-low mortgage rates they locked in during the pandemic. That’s created the perfect storm for a housing market that’s been more or less frozen. But anticipation that the Federal Reserve will start cutting interest rates soon is breathing new life into it. The standard 30-year fixed-rate mortgage started to fall earlier this year and recently…
CROX’s Reversal May Be Here, As HEYDUDE Bottoms We previously covered Crocs, Inc. (NASDAQ:CROX) in June 2024, discussing why we had reiterated our Buy rating, as the company reported double beat FQ1’24 earning call while raising its FY2024 guidance. This was attributed to the robust Crocs sales domestically/ internationally, well balancing HeyDude’s ongoing inventory correction. We were also encouraged by the new management brought in to revitalize the HeyDude brand, despite the recently lowered FY2024 HeyDude guidance. Combined with the healthier balance sheet and the growing bullish support observed in its stock movement, we believed that it remained a compelling…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nasa said on Saturday that it would use a spacecraft from billionaire Elon Musk’s SpaceX rather than Boeing to bring home two astronauts stuck at the International Space Station.Astronauts Sunita Williams and Barry Wilmore, who were supposed to return to Earth two months ago, will now come back in February aboard a SpaceX Crew Dragon rather than the Boeing CST-100 Starliner they travelled to the space station with that subsequently suffered technical difficulties.“Space flight is risky,” said Nasa administrator Bill Nelson. “A…
Favorable views of the American flag are usually associated with the GOP. Michael Smerconish argues that patriotism, military service, and pride in the American flag were key themes at the 2024 Democratic National Convention. From hearing “USA, USA, USA!” chants and a line up of country music stars… Democrats are no longer ceding patriotism to Republicans. Read the full article here
