Author: Press Room

According to the Census Bureau’s 2021 American Community Survey 5-Year Estimates, Denver is now the 19th biggest city in the United States, with a population of 711,463, as of 2021. Denver has witnessed dramatic growth in recent decades. From 1990 to 2021, Denver’s population increased by 52.1%, from 467,610 to 711,463. As with cities of the Pacific Northwest and West Coast in general, much of Denver’s growth over the course of the 2000s and 2010s was due to a large influx of Millennials. Given this substantial growth, the Denver housing market experienced a striking rise in home prices and demand.…

Fed Using The Wrong Rulebook When the Federal Reserve started hiking interest rates to fight inflation two years ago, I worried. My professor alarm flashed red; the tactic it seemed to be using—to create a recession to discipline workers—is flawed, costly and outdated. Workers’ wages have lagged productivity for decades, as the Economic Policy Institute has faithfully reported. This is because employers have power to set wages. They aren’t the passive agents you learned about in baby economics class operating on a knife edge to keep prices at a minimum and forced to pay market wages. Employers protect profits by…

The United States has a long and complex history with guns dating all the way back to colonial times. There is continuous debate surrounding the rights to gun ownership and what regulations should or should not be implemented. Ratified in 1791, The Second Amendment to the United States Constitution, guarantees the right to keep and bear arms. While gun laws vary by state Florida has a long history of relatively relaxed gun regulations. On Monday April 3, 2023, Florida Governor Ron DeSantis signed House Bill 543 into law. This bill, strengthening the second amendment, eliminates the requirement that an individual…

The IRS has released its strategic operating plan for spending $80 billion in extra funding over the next decade. Here’s a look at what it does—and doesn’t—include. What’s Not Included When flipping through what the IRS calls an “ambitious effort to transform the tax agency and dramatically improve service to taxpayers and the nation during the next decade,” it might help to know what’s not in the plan. There is no 87,000 agents statistic-that-wasn’t. In fact, the report is surprisingly scant on numbers. That may well be purposeful—newly installed IRS Commissioner Danny Werfel has made clear that he intends to…

The pace of job cuts by U.S. employers accelerated in March, with the number of layoffs climbing 15% from just one month ago, according to a report published on Thursday by Challenger, Gray & Christmas.  Companies announced 89,703 job cuts in March, with technology companies leading the way, the analysis showed. That is 319% higher than the same time one year ago. So far this year, employers announced plans to cut more than 270,416 jobs, a 396% increase from the nearly 55,696 cuts announced in the equivalent time period last year. It is the highest quarterly total since the spring of…

Many Americans lack a basic understanding of how long they tend to live in retirement and may be at risk of outliving their savings, a recent survey said. Sixty-three percent of American adults are working with inaccurate longevity measures when they plan for retirement, according to the most recent TIAA Institute- Global Financial Literacy Excellence Center (GFLEC) Personal Finance Index survey. The survey asked respondents to gauge the life expectancy of a 60-year-old: 10% overestimated life expectancy, 28% said they didn’t know and 25% underestimated it. The low rate of longevity literacy may signal that Americans may not be saving enough for…

DoorDash and Chase, undeterred by the uncertain economy and growing concerns of a recession, have launched their first co-branded credit card.  It is called the DoorDash Rewards Mastercard. It is a no fee World Elite Mastercard that is aimed at driving traffic to local businesses both on and off the platform while rewarding cardholders on every purchase.Credit card users will not only get unlimited cash back for DoorDash and Caviar orders, but they will also get rewards for all other online and in-store purchases including at grocery stores, restaurants and other national and local retailers, the companies announced in a…

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. Personal loans can be great options for refinancing high-interest debt or covering unexpected expenses. But you might find yourself asking: How does a personal loan affect my credit score? A personal loan can impact your credit score in multiple ways, including when you apply, borrow and begin to repay the debt…

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 13, 2023, average private student loan rates fell for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year variable-rate loans, but rose for 5-year variable-rate loans. 10-year fixed rate: 7.15%, down from 8.83% the week before, -1.685-year variable…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Rotation into defensives Stick with Costco Constellation reports solid Q4 1. Rotation into defensives Stocks were mixed Thursday in late-morning trading after initial jobless claims for the week ended April 1 came in higher than expected, according to the U.S. Labor Department, in the latest sign that hiring is cooling. Wall Street will be closely watching the agency’s monthly jobs report for March on Friday for clearer signs on the state of the labor market.…