Author: Press Room

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market rotation: The S & P 500 was having a rough day — falling roughly 1%. The Nasdaq was even worse — sinking 2%. However, most stocks were up with about 6 to 1 advancers to decliners on the New York Stock Exchange. For weeks the criticism about the record rally has been its narrow leadership, with the mega – cap tech stocks and growth/momentum stocks carrying the major stock measures higher.…

Value is the new buzzword at fast-food chains nationwide. After rising prices turned customers off, the restaurants recently responded by unveiling value menus. For instance, McDonald’s has a $5 value meal, which includes a McDouble cheeseburger or a McChicken sandwich, plus small french fries, 4-piece chicken nuggets and a small soft drink. At Taco Bell, you can now get two different kinds of tacos, a five-layer burrito, chips with nacho cheese sauces and a medium drink for $7. That’s 55% cheaper than ordering the items individually. Like McDonald’s, Burger King is offering a $5 meal bundle where customers can select one…

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Introduction Catching the artificial intelligence wave felt impossible after missing the initial surge. Stock prices surged almost too much, and valuations seemed high. However, quality stocks with decent AI exposure kept going up and investors kept investing without caring for the price. A well-known example is NVIDIA Corporation (NVDA) which is up 161% year-to-date at the time of this article’s writing, after the 236% increase in 2023. The stock seemed untouchable in January and still seems so now. However, this is not a good way of evaluating stocks. As long as companies are not priced accurately based on their projected…

Democratic donors have warned that funding for the November election effort is “drying up” because of Joe Biden’s refusal to step aside, threatening to undermine the party’s effort to defeat Donald Trump.Donors have become a crucial constituency in the fight over Biden’s future, with some pushing aggressively for him to withdraw even as the party’s lawmakers on Capitol Hill waver over his candidacy.Their increasing willingness to walk away from the campaign, mentioned in interviews with donors from Wall Street to Hollywood, poses a new existential risk to Biden’s re-election if he stays in a White House race expected to be…

Democratic lawmakers continue to question President Joe Biden’s place as their presidential nominee two days after he asserted he was “firmly committed” to staying in the race in a letter aimed at consolidating their support behind him, with many politely suggesting he still might change his mind if polls continue show him lagging. “I think the President and his team have to really evaluate the evidence that’s out there with a cold, analytic eye and answer the question themselves: What’s the best course to achieve the goal of saving our democracy from a catastrophic Trump presidency?” Sen. Peter Welch, a Democrat from…

Fertility rates are declining worldwide. Yes, there are nations where there are still far more children than the replacement rate of at least 2.1 children per woman. But industrialized economies are all well below replacement level. United States Census data indicates that the percentage of women between ages 30 and 44 who have never had children is at a record high since 1960 contributing to the nation’s fertility rate of 1.8 children per woman — notably below the population replacement rate of 2.1. The United States is a virtual day care center compared to many other nations. Statistics Canada reports…

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 6.990% as of July 1, which is 0.115 percentage points higher than on Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is unchanged from Friday.  With mortgage rates changing daily, it’s a good idea to check today’s…

A growing number of Californians are struggling to pay their credit card bills as they continue to battle steep interest rates and high inflation. New findings published by WalletHub, a personal finance platform, show that several California cities are leading the nation in an uptick in credit card delinquencies. Chula Vista – a San Diego suburb with a population of about 279,000 – saw the biggest increase in credit card delinquencies, which surged nearly 85% during the first quarter of 2024 compared to a year earlier. The city edged out Madison, Wisconsin, and Garland, Texas, for the No. 1 spot. The…