Author: Press Room

It’s that time of the year when most of us are pumped to travel. But it’s a real bummer when you fall prey to a travel scam. Travel swindles are multiplying because more people are getting out post-COVID. They take many forms, but this is how you can protect yourself, according to Proxyrack. 1. Verify the security of the website in your browser. Fake travel companies can look highly professional and be hard to spot, but consumers can check whether or not a site is legitimate by clicking on the padlock icon icon to the left of the URL. This…

On August 15, 1971, President Nixon unveiled a package of economic policies to jump-start a sluggish economy. His message featured a range of proposals, some rather tepid and conventional, others quite dramatic and controversial. It was the latter that gave rise to the name later used to describe the speech: the Nixon Shock. After the heady days of the mid-1960s, growth had slowed during the second half of the decade, eventually turning negative in 1970. Unemployment had risen from 3.5 percent in November 1969 to 6.1 percent on the eve of Nixon’s speech. But consumer prices had continued their steady…

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. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were lower for 3- year loans and higher for 5-year loans compared to the previous seven days. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender…

Americans are bracing for higher inflation over the next few years even as they worry about a potential credit crunch following a spate of bank failures, according to a key Federal Reserve Bank of New York survey published Monday.  The median expectation is that the inflation rate will be up 4.7% one year from now, according to the New York Federal Reserve’s Survey of Consumer Expectations, up from 4.2% in February. That marks the first series increase since October and adds a perplexing twist to the Fed’s campaign to crush price pressures with a series of aggressive rate hikes. Consumers anticipate…

The Biden administration’s sweeping plan to cancel up to $20,000 in student debt for tens of millions of Americans may have an unintended, though hopefully temporary, consequence for some people, experts say.”For many borrowers, it will cause their credit scores to drop,” said higher education expert Mark Kantrowitz.Here’s why: Throughout the three-year pause on federal student loan payments, borrowers’ accounts have been reported to the credit bureaus as current, Kantrowitz said. (Payments are currently scheduled to restart by September.)More from Personal Finance:Here are the 2 Supreme Court student loan forgiveness casesFederal student loan payments could restart in roughly 2 months,…

The U.S. Department of Justice on Monday asked a federal appeals court to keep the abortion pill mifepristone on the U.S. market as litigation plays out, and indicated that it may ask the Supreme Court to intervene in the case, days after a federal judge suspended the Food and Drug Administration’s approval of the medication nationwide.The DOJ asked the U.S. 5th Circuit Court of Appeals to block U.S. Judge Matthew Kacsmaryk’s unprecedented decision by noon Thursday “to enable the government to seek relief in the Supreme Court if necessary.” Kacsmaryk’s suspension of the FDA’s approval of mifepristone is set to…

Democratic lawmakers sent letters to 14 of the largest depositors at Silicon Valley Bank, seeking details about the lender’s “unusually cozy” relationships with its well-heeled clients. Senator Elizabeth Warren of Massachusetts and Representative Alexandria Ocasio-Cortez of New York sent the letters Sunday to executives at Roku, Roblox, Circle and BlockFi, among others, raising questions about their “white glove” treatment by SVB. Silicon Valley Bank was known to cater to the tech startup world. But Warren and Ocasio-Cortez, citing media reports, raised concerns about whether the bank’s relationships went beyond industry standards and potentially hastened its collapse last month. SVB reportedly…

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A brand-new meme coin with a unique, novel use case is creating waves in the cryptocurrency market. And some observers think this latest dog-inspired meme coin could become a household name.Enter Love Hate Inu. The Web3 startup, which is currently conducting 2023’s hottest crypto token presale, is building a revolutionary new vote-to-earn (V2E) social media polling platform that many think will catch fire in 2023.Here’s what you need to know.What is Love Hate Inu?Web3 start-up’s crypto-powered vote-to-earn social polling platform will allow users to engage in discussions and vote on the world’s most contentious, debated issues.For example, the platform, which…

Welcome back! Dan DeFrancesco in NYC. I’m still taking questions for the reader mailbag. Drop any finance-related questions you have for me here. (Don’t worry, it’s anonymous.) I’ll answer them in Friday’s newsletter.Today, we’ve got stories on why the world’s richest people aren’t spending enough on cybersecurity, a job in AI that pays six figures but doesn’t require a tech background, and what not to do at the gym.But first, remind me where you went to school.If this was forwarded to you, sign up here. Download Insider’s app here.1. Non-target? Not a problem. Who doesn’t love an underdog story?Insider’s Emmalyse Brownstein…