Author: Press Room
By Leika Kihara TOKYO (Reuters) -Haruhiko Kuroda took a slightly less dovish tack in his farewell as Japan’s central bank chief on Friday, ending a decade of unconventional policy that included a “bazooka” of stimulus aimed at boosting inflation and sustainable growth. Handing the reins of the Bank of Japan (BOJ) to academic Kazuo Ueda, Kuroda pointed to progress under his radical easy-money policy, which featured a push to change public perceptions with a wall of money and Peter Pan metaphors. “Japan’s 15 years of deflation has created a strong perception among the public that prices and wages won’t rise,”…
Key takeaways McDonald’s is making remote layoff announcements to corporate employees after shutting its offices temporarily, having announced the job cuts earlier this year The fast food mega-chain’s stock was up 0.9% at the news and is overall up nearly 7% this year McDonald’s is considered a ‘safe’ stock, but it faces some hurdles in the near future Fast food titan McDonald’s is laying off corporate employees this week as it concludes the review process, having temporarily shut the offices so it can do the deed remotely. The layoffs were announced earlier this year in another blow to white-collar workers,…
Despite a 9% rise this year, JetBlue Airways stock (NASDAQ NDAQ : JBLU) looks like it can see higher levels. JetBlue stock has risen from $6.50 in early January to $7.04 now. This performance aligns with the 7% return for the broader S&P500 index. Looking at a slightly longer term, JBLU stock is down a significant 62% from levels seen in late 2019. This can be attributed to 1. the company’s P/S ratio, which plunged 62% to 0.3x trailing revenues from 0.7x in 2019, 2. its average shares outstanding rising 14% to 327 million, partly offset by 3. a 13%…
Florida Governor Ron Desantis’ recent policies and legislation on higher education and other areas are likely to drive students away from Florida’s colleges and universities. According to a new poll by Intelligent one in eight high school seniors in Florida say they will not attend a public college in the State. The key finding include the following: A survey done by Arts and Sciences, found that one in four students ruled out attending a college in a state because of the political climate in the state; this was true of both liberal and conservative students. Conservative students tended to rule…
Many factors determine how happy and fulfilling your retirement will be. Smart financial planning can increase your chances of maintaining financial freedom for as long as you live. Here are some of the biggest risks to having a secure and happy retirement I’ve seen over the past 20-plus years of helping people plan their retirement and achieve financial freedom. Risk Of An Unhealthy Retirement The more aches and pains you suffer, your retirement will likely be less satisfying. Knee pain might not kill you, but it could limit the activities you find enjoyable in retirement. I am writing this as…
Owing taxes can be stressful. Unfortunately, the actions of some companies can make it worse. As part of its “Dirty Dozen” campaign, the IRS has renewed a warning about so-called Offer in Compromise “mills” that often mislead taxpayers into believing they can settle a tax debt for pennies on the dollar—while the companies collect excessive fees. Dirty Dozen The “Dirty Dozen” is an annual list of common scams taxpayers may encounter. Many of these schemes peak during tax filing season as people prepare their returns or hire someone to help with their taxes. The schemes put taxpayers and tax professionals…
Setting and style define a suite of ultra-luxury homes—one with a $30.6 million price tag—to be built in an unspoiled canyon in Paradise Valley, Arizona’s wealthiest community. The dozen gated residences inside the vast Phoenix Mountains Preserve will be surrounded by desert and mountains yet close to restaurants, shops and airports in the greater Phoenix area. Crown Canyon Estates takes its name from a crown-shaped rock outcropping in the canyon. In keeping with the theme, each home carries the name of a precious gem and a distinct design. The glass-and-steel homes on spacious lots that start at $11 million are…
A decline in mortgage rates has boosted homebuyer interest in recent weeks. Demand for mortgage applications climbed 2.9% from a week earlier, according to the weekly survey from the Mortgage Bankers Association.Mortgage rates have been moving lower since the collapse of Silicon Valley Bank triggered fears of a broader banking meltdown. “Application activity increased as mortgage rates declined for the third straight week”, said Joel Kan, MBA’s vice president and deputy chief economist. “The 30-year fixed rate declined to 6.45%, the lowest level in over a month.” MORTGAGE RATES POST BIG DECLINE AMID SILICON VALLEY BANK FALLOUT The decline in…
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. Rates for well-qualified borrowers using the Credible marketplace to refinance student loans rose this week for 10-year fixed-rate loans and fell for 5-year variable-rate loans. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender during the week of March 6, 2023:Rates on…
Amid high inflation and rising interest rates, credit card balances increased to $931 billion in the final quarter of 2022, according to the latest Credit Industry Insights report by TransUnion. Additionally, credit card originations hit a new record. The number of new credit cards opened spiked by 21.6 million in the third quarter, representing a 7.4% year-over-year increase. Now, more than 202 million consumers have access to credit cards. “Bankcard balances and originations continue to climb as consumers seek ways to cope with inflation, and this is particularly the case among Gen Z consumers, who have seen growth of 19% in…
