Author: Press Room
When you think about retirement, you might picture sunny Florida, with its warm climate and retirement communities. But it’s not the best state to retire, according to a new report from Bankrate, which just issued its annual ranking of the best states to retire in the U.S. To create the comprehensive analysis, Bankrate used data from several sources, including the Tax Foundation, the Council for Community and Economic Research, the U.S. Census Bureau and the National Oceanic and Atmospheric Administration. States were evaluated across five categories, including affordability (40%), overall well-being (25%), quality and cost of health care (20%), weather…
Mortgage rates fell slightly this week but are still hovering around 7%, remaining uncomfortably high for many would-be buyers. Freddie Mac’s latest Primary Mortgage Market Survey, released Wednesday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.89% this week from 6.95% last week. The average rate on a 30-year loan was 6.96% a year ago. The average rate on the 15-year fixed mortgage also declined, dropping to 6.17% from 6.25% last week. One year ago, the rate on the 15-year fixed note averaged 6.30%. Read the full article here
An attorney for former President Donald Trump has filed a legal notice announcing that his client plans to sue the Justice Department and the FBI for $115 million for alleged “malicious political prosecution” and “abuse of process.”The notice, a copy of which NBC News obtained Monday, baselessly accuses DOJ leadership and Special Counsel Jack Smith of having perpetrated a “malicious political prosecution aimed at affecting an electoral outcome to prevent President Trump from being re-elected” — a frequent accusation that Trump makes online and during campaign events.”This malicious prosecution led President Trump to spend tens of millions of dollars defending the case…
Elon Musk’s SpaceX violated environmental regulations by repeatedly releasing pollutants into or near bodies of water in Texas, a state agency said in a notice of violation focused on the company’s water deluge system at its Starbase launch facility.The notice from the Texas Commission on Environmental Quality (TCEQ) last week came five months after the Environmental Protection Agency Region 6 office, which covers Texas and surrounding states, had also informed SpaceX that it violated the Clean Water Act with the same type of activity.The notices and related investigative records, obtained by CNBC, have not been previously reported.TCEQ said its agency’s…
It could get harder to find an affordable gym. Blink Fitness, the low-price gym chain with monthly memberships ranging from $15 to $45, filed for bankruptcy Monday and said it may close an unspecified number of its 101 clubs. Blink is owned by luxury gym chain Equinox and is located primarily in cities and suburban areas in New York, New Jersey, California and Texas. Blink has more than 400,000 members. Around 25% of US gyms and studios permanently closed during the Covid 19 pandemic – roughly 10,000 facilities, according to the Health & Fitness Association, an industry trade group. Several major…
Introduction BRT Apartments (NYSE:BRT) has underperformed the Vanguard Real Estate Index Fund (VNQ) so far in 2024, delivering a circa 3% loss against the 5% total return for the benchmark ETF: BRT vs VNQ in 2024 (Seeking Alpha) I think the REIT may outperform going forward thanks to an attractive valuation in terms of adjusted FFO multiple, as well as from a market-implied cap rate perspective. Furthermore, the company’s debt-heavy capital structure will benefit should real estate cap rates move lower following Fed rate cuts, while operational performance may improve from long-term Sun Belt growth drivers such as population and…
The early death of Silicon Valley veteran and former YouTube chief Susan Wojcicki this weekend has prompted an outpouring of condolences from Big Tech heavyweights for an advertising visionary who was also known for being a vocal champion of women in business. Wojcicki, who has died aged 56 after a two-year battle with lung cancer, was instrumental in growing Google’s mammoth advertising business. By the time she had moved from overseeing it in 2014 to running the video streaming platform YouTube it had ballooned to more than $50bn in revenues.Google’s 16th employee, Wojcicki was a pivotal figure at what has become…
Donald Trump falsely claimed in a series of social media posts Sunday that “nobody” attended Vice President Kamala Harris’ Michigan rally last week — and said his Democratic rival should be “disqualified” over a “fake crowd picture.” The former president appeared to have fallen for a far-right conspiracy theory — one easily disproved by photos and videos captured by attendees and media showing thousands of supporters at the event at an airport hangar near Detroit. The false claims about attendance at Harris’ event come as Trump navigates the contours of a changed presidential race, with the vice president riding a wave of new Democratic enthusiasm after replacing President…
We are tempted to both give and receive bad advice when we wish something were true. I wish, for example, that college and career advice could be as simple as “follow your passions.” But it’s not. “Follow your passions” may be part of great college and career advice, but it falls woefully short on its own. In their Westernized adaptation of the deeply nuanced Japanese concept of ikigai, Hector Garcia and Francesc Miralles do an excellent job of showing us how and where our passions fit into these weighty decisions—and what additional factors need to be present. In their book,…
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 interest rate on a 30-year fixed-rate mortgage is 6.625% as of July 12, which is 0.250 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is 0.115 percentage points lower than yesterday. With mortgage rates changing daily, it’s a good idea to…
