Author: Press Room
As we all know, the Federal Reserve has raised rates to 5.00-5.25% recently in a monetary tightening effort to slow down inflation. When the interest rate is higher, we are more tempted to invest in a high yield savings account to get that slice of that cake. However, the window of opportunity will soon be closing. As inflation rates fall, the Fed will eventually scale back interest rates, with an eventual goal of a paltry 2.00-2.50% rate. This will certainly leave investors looking for alternative high yield investments. The BDC (business development company) sector comes to mind, where the investment…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseUS officials received information about an Iranian threat to former president Donald Trump, prompting the Secret Service to increase security around him ahead of last weekend’s failed assassination attempt, according to people familiar with the matter.There are no indications that the attack on Trump by Thomas Crooks was connected to the Iranian plot, said US officials.“As we have said many times, we have been tracking Iranian threats against former Trump administration officials for years, dating back to the last…
Former Trump lawyer Rudy Giuliani says he has “no regrets” about falsely accusing two Georgia election workers of rigging the 2020 election. “I have no regrets at all. I’m on the side of justice, right and truth,” Giuliani said in an interview Tuesday on the convention floor of the Republican National Convention in Milwaukee, where he repeated his past denials of having defamed anyone. The former New York City mayor and onetime attorney to former President Donald Trump, who isn’t an expected speaker at the convention this week, compared his legal plight to “the Japanese internment during the second war,” referring to…
It’s that time of year when a storm developing in the Caribbean has the potential to become a hurricane. That’s when an early warning system becomes so important. This integrated system of hazard monitoring, forecasting and prediction, disaster risk assessment, communication and preparedness activities systems helps people get ready to take appropriate action, including evacuation, if necessary. A hurricane can be devastating for those in its path but it also has a significant impact on many others, including first responders, volunteers, and reconstruction workers. IRA Impact Not All Positive In the world of Medicare, the Inflation Reduction Act is making…
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 26, 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…
House Democrats are circulating a letter for signatures that urges the Democratic National Committee to slow down its nomination process of President Joe Biden.The letter asks the DNC to cancel its plan to hold a “virtual roll call” to officially nominate the president. This process could begin as soon as Sunday, weeks ahead of the Democratic convention where the nominee is typically voted on in person.”Stifling debate and prematurely shutting down any possible change in the Democratic ticket through an unnecessary and unprecedented ‘virtual roll call’ in the days ahead is a terrible idea,” the letter read.The letter has received…
We are selling 60 shares of Stanley Black & Decker at roughly $90.01 each. Following the trade, Jim Cramer’s Charitable Trust will own 890 shares of SWK, decreasing its weighting to 2.37% from 2.50%. Much like we took advantage of Tuesday’s weakness in tech stocks to buy some Advanced Micro Devices , we’re using this rotation into Federal Reserve rate cut plays to lighten up on some Stanley Black & Decker. After all, the S & P Short Range Oscillator is overbought, so we don’t want to put too much new money to work. We are investors — not traders…
Stocks surged Tuesday as Wall Street raised its bets that sky-high borrowing rates could come down in the fall. The Dow surged by more than 700 points, or 1.8%, hitting a fresh all-time high and extending its winning streak. The S&P 500 gained 0.5% and the Nasdaq Composite was 0.1% higher. Investors were feeling buoyant after a round of robust corporate earnings and a better-than-expected consumer spending report. The Commerce Department reported Tuesday that US retail sales were stronger than expected in June, after mostly flat readings for the first half of the year. The figures are adjusted for seasonal swings…
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