Author: Press Room

Tax Notes legal reporter Caitlin Mullaney discusses ChatGPT’s understanding of tax. This transcript has been edited for length and clarity. David D. Stewart: In a world where taxes are complex and confusing and taxpayers are left feeling overwhelmed and frustrated, a new hero emerges, the AI chatbot. But can these digital assistants really save the day? Can they help taxpayers navigate the treacherous waters of the tax system and ensure everyone is paying their fair share? Join us on Tax Notes Talk as we explore the thrilling world of AI chatbots and tax, witness the power of these intelligent machines…

In recent years, nothing has had a greater impact on office design trends than the pandemic. From turning just about any room of the home into an office to the evolution of the hybrid work model—offices have truly evolved to reflect personal style and work habits as they never have before. This is especially true for entrepreneurs. No longer are offices stuffy or boring—design is purposeful and intentional. I spoke with six entrepreneurs in very different fields to discuss their unique office spaces as well as learn how design plays a role in their productivity and lifestyle. Brittany Lo Brittany…

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. Based on data compiled by Credible, mortgage rates for home purchases have risen for two key terms and remained unchanged for two terms since yesterday. Rates last updated on March 29, 2023. These rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has…

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 March 6, 2023, average private student loan rates rose for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 5-year variable-rate loans and 10-year fixed-rate loans. 10-year fixed rate: 8.83%, up from 7.94% the week before, +0.895-year variable rate: 9.74%,…

Consumer credit increased at the end of 2022 amid high inflation and a rising interest rate environment, studies show. Total consumer credit rose by 7.1% or $28 billion in November, according to the latest data from the Federal Reserve. Driven primarily by credit cards, revolving credit increased by 16.9%, the Fed reported.  Experts believe 2023 will see a record increase in credit card delinquency rates. In fact, credit card delinquency rates may rise to levels not seen since 2010, according to the 2023 Consumer Credit Forecast by TransUnion.The credit bureau expects serious credit card delinquencies to increase to 2.6% by…

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 higher for 3-year loans and unchanged 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 between…

A year of high inflation and market volatility delivered a hit to retirees’ nest eggs, a new survey shows.  So far in 2023, average retirees have $21,000 less in savings than they did in the beginning of 2022, according to a survey by Clever Real Estate. The loss marked a 10% drop from an average savings of $191,659 to $170,726. The share of retirees with nothing saved increased from 30% to 37%, the survey said. Many retirees (83%) say inflation has impacted their retirement savings. And overall economic conditions have left many retirees without the recommended amount in savings to live…

Many factors determine how much money you’ll earn after college. But where you go to school may also play an important role.If your goal after college is to earn the highest possible salary, California Institute of Technology may be the best choice, according to a new New York Times ranking tool. The tool allows you rank colleges based on your own priorities, whether that’s post-grad earnings, net price, campus safety or more. The Times used Department of Education data to inform the tool’s rankings, and specifically looked at median income in 2020 among those who attended the schools 10 years ago…

Supreme Court Justice Clarence Thomas has accepted secret luxury trips from Republican megadonor Harlan Crow for more than two decades in apparent violation of a financial disclosure law, a ProPublica report revealed Thursday.Thomas has vacationed on Crow’s 162-foot superyacht, flown on the real estate developer’s private jet and spent time at the GOP donor’s private resort and other exclusive retreats, ProPublica reported, citing documents and dozens of interviews.Thomas, the 74-year-old conservative associate justice who has served on the nation’s highest court since 1991, has not reported the trips on his financial disclosures as required by law, the nonprofit newsroom reported.The…

The banking crisis caused by the recent collapse of Silicon Valley Bank and Signature Bank has increased the odds of a US recession, JPMorgan Chase CEO Jamie Dimon told CNN’s Poppy Harlow in an exclusive interview on Thursday. Speaking in his first interview since the failure of SVB, Dimon said that while the banking system is strong and sound, the recent turmoil around the financial system is “another weight on the scale” towards recession. “We are seeing people reduce lending a little bit, cut back a little bit and pull back a little bit.” While the banking chaos won’t “necessarily…