Author: Press Room
The Federal Reserve is poised to make the first interest rate cut in years this fall, which can influence mortgage rates to go down.Even small cuts in rates could make a meaningful difference in what a homebuyer will pay. To that point, people in the market to buy a home have been eagerly waiting for the central bank to cut rates.The Fed is meeting this week, but experts say it seems more likely the first rate cut will come in September. That would be the first rate cut since 2020 at the onset of the Covid-19 pandemic.While there is a…
Deryl McKissack is no stranger to spotting toxic traits.McKissack, 63, is the founder and CEO of Washington D.C.-based construction firm McKissack & McKissack, which she launched with $1,000 from her savings in 1990. She churned through employees who weren’t the right fit in her company’s early years and the business struggled, she says.Finding the right talent helped grow her company, which now brings in $25 million per year in revenue, according to documents reviewed by CNBC Make It.These three red flags stand out the most when McKissack is hiring employees or evaluating her current talent, she says.People who lack integrityEvery…
Olympics commentator Bob Ballard was dropped from Eurosport, the European pay TV company, on Monday after the veteran sportscaster made sexist comments about the Australian women’s swim team. Following the conclusion of Saturday 4×100 meter freestyle relay, during which Team Australia won the gold medal, Ballard commented on the team’s apparent delay in exiting the Paris Aquatic Centre as they celebrated. “Well, the women just finishing off. You know what women are like, hanging around, doing their makeup,” Ballard said. Lizzie Simmonds, the former Olympian and his Eurosport co-host, immediately rebuffed his comments. “Outrageous, Bob,” Simmons said, as Ballard laughed. “Some…
Introduction SAAB was an uninteresting story until the Ukraine invasion. CFO Christian Luiga mentioned during an ACE CFO forum at the Stockholm School of Economics that institutional investors showed little to no interest in the military industry before 2022. In fact, the industry was seen as a detriment to ESG profiles that most funds aimed to achieve at the time, due to the negative wartime and environmental impact. However, the interest and stock development since then demonstrate how quickly perceptions can change. Since the start of the year, SAAB’s stock has risen over 70% as of July 19th. The demand…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Prime Minister Giorgia Meloni has pledged to “relaunch” Italy’s relations with China at the start of an official visit to the country that follows her dramatic decision last year to pull out of Beijing’s Belt and Road Initiative. Meloni met China’s premier Li Qiang on Sunday at the start of a five-day trip she said was a “demonstration of the will to begin a new phase, to relaunch our bilateral co-operation” after the turbulence.But Meloni later told an Italy-China business forum in Beijing…
On GPS: What happened to Reagan’s Republican Party? In the wake of the Republican National Convention earlier this month, Fareed speaks with historian Niall Ferguson about how and why the modern-day GOP has changed since the Reagan era of the 1980s. Read the full article here
An increasingly popular way to avoid probate and other estate planning issues is the transfer on death or payable on death account. There can be more to these accounts, which I’ll refer to as TODs, than many people realize. Most financial institutions now have a specific form that is completed to designate an account as a TOD and name the beneficiary (or beneficiaries). Most states have laws recognizing the accounts and setting rules for them. The original TOD account was created informally by the way the account was titled and became known as a Totten trust, after the name of…
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 6.625% as of July 24, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
Marvel is back on top.”Deadpool & Wolverine” shattered box office records this weekend, tallying $205 million in domestic ticket sales during its opening, the highest debut of 2024 and of an R-rated film ever.The film outpaced analysts’ expectations, which called for an opening haul between $160 million and $180 million.”The massive debut for ‘Deadpool & Wolverine’ should convince those who were throwing in the towel for the big screen back in May that you can never underestimate the power, allure resiliency and, yes, unpredictability of the movie theater experience,” said Paul Dergarabedian, senior media analyst at Comscore.Internationally, the film secured…
NASHVILLE — Former President Donald Trump stopped short of promising to establish an official U.S. bitcoin strategic reserve currency during his Saturday keynote speech at the biggest bitcoin conference of the year.Instead, the Republican presidential nominee pledged simply to maintain the current level of bitcoin holdings that the U.S. has amassed from seizing assets from financial criminals.”For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin,” Trump said at this year’s Bitcoin Conference in Nashville.”If I am elected, it will be the policy of my administration, United States of America,…
