Author: Press Room
A trio of Democratic senators running in some of the most competitive races in the country are opting against attending the Democratic National Convention this week in Chicago, even as their party looks to display a heightened level of enthusiasm and unity for newly minted presidential nominee Kamala Harris. Sens. Sherrod Brown of Ohio, Jon Tester of Montana, and Jacky Rosen of Nevada are all not planning to attend the four-day gathering, their offices said. Other Democrats in battleground state races, including Sen. Bob Casey of Pennsylvania, Rep. Elissa Slotkin of Michigan and Sen. Tammy Baldwin of neighboring Wisconsin, are planning to attend at least some of the…
Imagine this: You’re retired, lounging in your favorite chair, feet up, sipping something chilled as the sun sets. Your home is clean, everything is organized, the laundry is neatly folded, the trash has been put out for tomorrow’s pickup, and to make the day even better, you can smell your favorite meal being prepared. Did you do all of this? Are your doting adult children making up for bad behavior in their adolescence? Did you win the lottery and hire staff? No, this is a new tech-enabled retirement life. Your robot did it all. This sounds like sci-fi. And for…
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. The median interest rate on a 30-year fixed-rate mortgage is 6.490% as of August 13, which is unchanged from yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.625%, which is also unchanged from yesterday. Analysts are hopeful that lower interest rates are on the horizon. The Federal…
Investors may want to consider buffer ETFs to hedge the recent market volatility.Bruce Bond, CEO of Innovator ETFs, sees an opportunity in buffer exchange-traded funds to offer some protection from the market’s downside.”This [strategy] fits a group of people that are interested in getting exposure to the market, but not taking the full risk of the market,” Bond told CNBC’s “ETF Edge” on Wednesday.Innovator ETFs issue monthly buffer ETFs. Their August ETF is under the ticker PAUG and offers 15% downside protection. “If someone wants to invest in the S&P 500, they can get right in and do that,” Bond said.…
When Kamala Harris chose Minnesota Governor Tim Walz, a former teacher, as her running mate, experts noted he could bring a revitalized policy focus on child care and early childhood. As governor, Walz expanded state child tax credits and built a paid family leave program. Walz also distributed funds to boost early child-care professional wages and build provider capacity. Harris is “doubling down” on child care, said one expert.In the national economic platform unveiled by the Harris administration on Friday, restoring the expanded federal child tax credits introduced during the Covid pandemic is a key priority, and is linked to the…
After the 2018 Camp Fire – the deadliest wildfire in California’s history – engulfed Michael and Kristy Daneau’s Paradise home, the couple and their four daughters were forced to move 30 miles away to find a home they could afford. They moved to Cohasset to buy a home with money they received through their insurance claim and their portion of an $11 billion Pacific Gas & Electric (PG&E) settlement with insurance companies for the blazes linked to its equipment failure. Six years later, the family’s experiencing déjà vu: Their new home in the rocky region of northern California recently burned down to the…
Will the Federal Reserve lower its policy rate of interest or not? That is the question. But, as I keep writing, is that really the question that we should be asking? Some analysts are taking a longer look at the movements in the M2 money stock. Concerns here is that the M2 money stock has been declining for a substantial period of time. Let’s look at the chart. M2 Money Stock (Federal Reserve) The peak of the M2 money stock numbers comes in the week of April 18, 2022…just a few weeks after the Fed begins its current efforts of…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An Israeli air strike in Lebanon killed 10 people on Saturday, according to local authorities, just hours after the latest round of talks to prevent the conflict between Israel and Hamas in Gaza spiralling into a regional war wrapped up.Israel’s military said the strike targeted a weapons storage facility near Nabatieh belonging to Hizbollah. The Iran-backed militant group and Israel have been exchanging fire since the start of the war in Gaza.Lebanon’s state news agency said the strike had hit a factory,…
‘Shark Tank’ investor slams Harris’ proposed economic policy as ‘really bad idea’ Kevin O’Leary, “Shark Tank” judge and Chairman of O’Leary Ventures joins CNN to discuss his views on Vice President Kamala Harris’ proposed economic plan. Read the full article here
Elder fraud is exploding, while crypto and speedy money transfers are making it tougher to recover stolen funds. Here are tips for staying safe. By Kelly Phillips Erb, Forbes Staff The call began with a seemingly routine request. “I was wondering if you could help me with an international inheritance case,’’ the older woman said. She’d searched on Google for an “international estate lawyer” and since she lives near me in southeastern Pennsylvania, my name had popped up. (While I’m the senior tax writer at Forbes, I’m also an estate and tax lawyer and still practice a bit on the…
