Author: Press Room
By Anant Chandak BENGALURU (Reuters) – The Bank of Korea will opt to support a rapidly slowing economy by holding its main interest rate at 3.50% on Tuesday, according to a Reuters poll of economists that showed a slim majority now expect a 25-basis-point cut by the end of 2023. Policymakers at the BoK, who have raised rates by 300 basis points since August 2021, are wary of overtightening an export-dependent economy that is on the brink of a recession, especially when global growth is also slowing. Inflation eased to a one-year low of 4.2% in March, but it is…
Walgreens Boots Alliance has been named to the Dividend Channel ”S.A.F.E. 25” list, signifying a stock with above-average ”DividendRank” statistics including a strong 5.4% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ”DividendRank” report. According to the ETF Finder at ETF Channel, Walgreens Boots Alliance Inc is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.82% of the SPDR S&P Dividend ETF (SDY), which holds $415,532,797 worth of WBA shares. Walgreens Boots Alliance Inc (NASDAQ:WBA) made the “Dividend…
Nothing drives up fear in the financial system like news of runs on banks. We had several large institutions go through a collapse in the last few weeks. Because of this, there has been renewed interest in understanding whether our individual deposits are safe. This is where it is important to understand how the FDIC works. While bank failures are rare and justifiably headline-grabbing, the scarcity of failures is due, in part, to the banking system being undergirded by the Federal Deposit Insurance Corporation or what is commonly known as the FDIC. The FDIC was established in 1933 to offer…
Late last year, Congress passed and President Biden signed SECURE 2.0 legislation as part of the Omnibus spending bill. Enactment of this legislation is a clear signal that policymakers understand the depths of the frightening retirement savings shortfall facing millions of Americans. The reasons are many for the nation’s retirement crisis – from rising costs to fewer pensions to longer life expectancy. Despite these challenges, one segment of the workforce has been on stable ground when it comes to retirement: the state and local government workforce. Today, the vast majority of state and local workers have a defined benefit (DB)…
Today marks the final day of March and the conclusion of Women’s History Month. This month is a time to recognize the women who served as trailblazers, and inspire those that are blazing new trails for the next generation. While the progress of women in history is clear, that progress has stalled in the absence of changes in the gender wage gap over the past two decades. The gender wage gap is the difference between the earnings of men and women for the performance of the same work. Our nation has tracked the statistics on pay disparity between men and…
When lawyers work on commercial real estate or other transactions, they typically charge for their time by the hour. If the transaction doesn’t close, the bill is the same as if it did close. Clients who face those bills don’t like them. These bills cause maximum pain if the transaction nearly closed and the lawyer kept working on it—running up time and legal fees—until the very end. Might it make more sense to have the lawyers agree they’ll get paid only if the deal closes? That would let a client avoid the risk of having to pay for a transaction…
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 held steady across all key terms since last Friday. Rates last updated on March 27, 2023. These rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000 Trustpilot reviews with…
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. Whether you’ve just taken out your first card or your score simply needs a boost, odds are good that you’re looking to build credit fast. The truth is that having a good credit score can open the doors to so many things. For example, when combined with a down payment, a…
Tech stocks lifted the S&P 500 into the green Thursday as the market wrapped up the short trading week on a high note despite signs of a weakening labor market.The S&P 500 rose 0.36% to 4,105.02 after losing as much as 0.50% earlier. The tech-heavy Nasdaq Composite outperformed with a 0.76% gain to 12,087.96, boosted by a 3.78% rise in Google-parent Alphabet and a 2.55% rally in Microsoft shares. The Dow Jones Industrial Average inched 2.57 points higher to 33,485.29 after losing more than 150 points at its session low.The S&P 500 still lost 0.1% on the week, posting its…
In a challenging market, investors should look to “well-known, great American companies with beaten down stocks,” CNBC’s Jim Cramer said Wednesday.There are three companies that Cramer thinks have compelling stories and strength, even if their stock prices don’t necessarily reflect that: Johnson & Johnson, Eli Lilly, and Procter & Gamble.At Johnson & Johnson, a bruising yearslong battle with lawsuits linked to the company’s talc powder battered the stock, Cramer said.An attempted bankruptcy maneuver was struck down by an appeals court, Cramer continued, leaving his Charitable Trust’s play exposed. But J&J’s recently announced settlement with many of the claimants leaves the…
