Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.OpenAI has been in talks with semiconductor designers including Broadcom about developing a new chip, as the artificial intelligence company looks to ease its reliance on Nvidia and bolster its supply chain. The talks are part of efforts spearheaded by the company’s co-founder and chief executive Sam Altman to beef up the supply of components and infrastructure required to run increasingly powerful AI models. “The limiting factor of AI is capacity: chip capacity, energy capacity, compute capacity. [OpenAI] is not just going to sit…
When former President Donald Trump ascended the stage at last weekend’s Pennsylvania rally to thunderous cheers, the campaign staffers present expected to hear a typical stump speech. What they didn’t know: Law enforcement had spotted a suspicious person at the rally nearly an hour earlier and had been trying to find him. Just minutes after Trump started speaking, that same suspicious person – 20-year-old Thomas Matthew Crooks – opened fire at the former president, coming inches away from assassinating him. Members of Trump’s team weren’t told that law enforcement was trying to locate Crooks in the minutes before he took…
According to reports, interest in moving abroad spiked after the recent presidential debate. So what are the best places to live in the world? Ask the expats—they offer a unique perspective on living in foreign countries, making their feedback invaluable. This year marks the 11th edition of the Expat Insider report by InterNations, which is one of the most comprehensive studies on expat life, gathering responses from over 12,500 expats representing 175 nationalities in 174 countries or territories. The report ranks the best countries to live by analyzing factors such as Quality of Life, Ease of Settling In, Working Abroad,…
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 6.875% as of June 25, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.000%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
Former President Trump’s pick to serve as his running mate on the Republican ticket this year, Ohio Sen. JD Vance, has been a staunch critic of the Biden administration’s student loan handout as part of the White House’s repeated efforts to cancel borrowers’ debt. President Biden campaigned on forgiving student loan debt derived from undergraduate tuition at two- and four-year public universities for borrowers earning up to $125,000 a year. His administration developed the handout plan in the first year and a half of his time in office, and he announced in August 2022 that he would move to cancel…
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. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3-year loans and lower for 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace to…
A federal appeals court on Thursday issued an order temporarily halting the Biden administration from implementing its new student loan repayment plan, known as SAVE.”We are assessing the impacts of this ruling and will be in touch directly with borrowers with any impacts that affect them,” an Education Department spokesperson said.The St. Louis-based 8th U.S. Circuit Court of Appeals seems to have blocked the entire Saving on a Valuable Education plan, said higher education expert Mark Kantrowitz.Previously, only parts of the plan were on hold amid a flurry of legal challenges to the relief program.SAVE plan mired in legal troublesThe…
As President Joe Biden isolated at his beach house in Rehoboth, Delaware, on Thursday after testing positive for Covid, he faced renewed pressure from leading Democrats to drop out of the 2024 election contest against former President Donald Trump.Biden, who for weeks has flatly rejected calls to step aside and allow another nominee to take his place, is now said to be more open to listening to top Democrats about the risk of him remaining in the race. He has also reportedly asked advisers in recent days whether they believe his vice president, Kamala Harris, could beat Trump in November.”We’re…
US stocks sold off broadly Thursday as Wall Street continued to shed tech stocks. The Dow fell 554 points, or 1.3%, retreating from a record high reached a day ago. The S&P 500 fell 1.1%. The Nasdaq Composite fell 1.2%, extending its losses after logging its worst day since 2022 on Wednesday. “A correction was overdue and no one will be surprised if the market regains its momentum by the end of earnings season,” wrote Louis Navellier, chairman of Navellier & Associates, in a Thursday note. Investors have this week moved out of the Magnificent Seven tech stocks that powered…
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