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. New highs (again): The market is extending its recent win streak, with the S & P 500 and Nasdaq rallying for the seventh session in a row. The gains picked up steam in the late morning to early afternoon as Federal Reserve Chair Jerome Powell answered questions from the House Financial Services Committee. Once again, Powell said a lot of the right things, acknowledging how the central bank now must balance…
Check out the companies making headlines in midday trading: Intuit — Shares of the TurboTax parent company fell nearly 4% after it said it will slash 1,800 jobs , or about 10% of its workforce, as it boosts investments in artificial intelligence. Intuit said it plans to rehire 1,800 people for engineering, product and consumer-focused roles. LegalZoom.com — Shares plummeted more than 25% after the legal tech company announced the departure of CEO Dan Wernikoff and slashed its full-year revenue outlook. Chairman Jeffrey Stibel has been named as the company’s new CEO, effective immediately. In terms of revenue, LegalZoom now…
Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands of Twitter employees he fired in mass layoffs after buying the social media company now known as X. U.S. District Judge Trina Thompson in San Francisco ruled on Tuesday that the federal Employee Retirement Income Security Act governing benefit plans did not cover the former employees’ claims, and therefore she lacked jurisdiction. Lawyers for the plaintiffs did not immediately respond to requests for comment on Wednesday. Musk’s lawyers did not immediately respond to similar requests. The case is one of many accusing…
Watch full video on YouTube
Watch full video on YouTube
[Historical changes in the bank regulatory landscape have transformed the bond market, introducing new dynamics and opportunities that remain underexplored by many investors and bond indices. With banks no longer the primary lenders to large segments of the American economy, other lenders have emerged to fill this void. This transformation introduced significant complexity, prompting the need for enhanced due diligence and security selection criteria. To delve deeper into these less familiar aspects of the evolving bond market and to navigate their complexities effectively, we consulted Institute members Nolan Anderson and Thomas Carney of Omaha, Nebraska-based Weitz Investment Management and co-Portfolio…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Europe’s first new heavy-lift rocket in almost 30 years soared into space on Tuesday, promising an end to a crisis over the region’s ability to deploy its own satellites into orbit.Ariane 6, four years late and heavily subsidised to ensure it can compete against Elon Musk’s SpaceX, lifted off under clear skies from its launch pad near Kourou in French Guiana at about 4pm local time. The mission was judged a success by the European Space Agency which oversees the Ariane programme, despite…
Russian operatives and propagandists are planning to “covertly use social media” in an attempt to sway public opinion and undermine support for Ukraine in swing states during the 2024 US elections, US intelligence officials said on Tuesday. “We are beginning to see Russia target specific voter demographics, promote divisive narratives and denigrate specific politicians,” an official from the Office of the Director of National Intelligence told reporters in a call conducted on the condition that the official not be named. Russia is “undertaking a whole-of-government approach to influence the election, including the presidential race, Congress and public opinion,” the official…
It probably isn’t surprising to you that taxes can be one of your biggest expenses while in retirement. Of course, this doesn’t make paying all those taxes less painful. The tax burden you bear on your retirement income can vary depending on where you live. Currently, there are just 12 states that take taxes out of your retirement income distributions. While I wouldn’t recommend someone move in retirement to save money on taxes, I would be remiss if I didn’t point out that tax planning doesn’t end once you retire. Keep reading to find the 12 states that allow you…
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 7.124% as of July 2, which is 0.134 percentage points higher than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.375%, which is 0.250 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea to…
