Author: Press Room

If “Failures are finger posts on the road to achievement,” as C.S. Lewis suggested, my opportunities for achievement are many. Indeed, the only reason that I have an opportunity to share this insight with you today is that I failed at one person’s version of financial advising. Although very real, that person was a mythic amalgamation of Michael Scott, Steve Carell’s legendary manager character on The Office, and Alec Baldwin’s motivational speaker “from the home office” in Glengarry Glen Ross. He’d almost surely dispute the former parallel but take pride in the latter. He was the regional leader of a…

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 3, which is 0.134 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.375%, which is unchanged from yesterday.  With mortgage rates changing daily, it’s a good idea to check today’s rate…

Credit cards are a ubiquitous part of American finances as individuals seek ways to gain financially for the present and future. Regardless of age or income, credit card use is customary in the United States. In 2023, 82% of US adults had a credit card, according to the Board of Governors of the Federal Reserve System. Some people use credit cards and pay off the balance each month while others build up substantial credit card debt and carry a balance with a significant amount in interest. BEST REWARDS CREDIT CARDS AND HOW POINTS CAN BE REDEEMED FOR TRAVEL, CASH BACK OR…

People in their 30s may be a long way off from their retirement savings goals, but they have plenty of time to get on track.On average, Americans say they’ll need around $1.46 million saved up to retire comfortably, according to Northwestern Mutual’s “2024 Planning and Progress” study. And for millennials, the majority of whom are in their 30s, that number is a little over $1.6 million.However, many in their 30s have much less than that saved.The median 401(k) balance for people in their 30s is around $22,100 as of the first quarter of 2024, per the latest data from Fidelity…

Starbucks ‘ new breakfast deals may hit the sweet spot for customers. But the coffee giant needs to serve up bigger changes to its operations to get back into Wall Street’s good graces. Offering food and beverage combos may boost Starbucks’ traffic in the short-term, analysts said, but it’s probably not a sustainable path over time given the company’s reputation as a premium coffee brand. The more substantial issues that are hurting sales, such as customer wait times, need to be resolved before declaring the company out of the woods after reporting a terrible quarter two months ago. “It’s execution.…

John Deere announced it will lay off about 600 employees across three US factories as the Illinois-based company shifts production to a newly planned facility in Ramos, Mexico. Effective August 30, about 310 employees will be laid off at two Iowa-based plants in Dubuque and Davenport, as well as 280 from a factory in East Moline, Illinois. In total, the three factories have roughly 4,175 production and maintenance employees. The Illinois factory primarily produces harvesting equipment such as combines, while the two Iowa factories manufacture construction and forestry equipment. The decision is the latest in a string of production layoffs…

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Introduction In the past few months I have been taking advantage of the relatively low price of the preferred shares of Chatham Lodging Trust (NYSE:CLDT) as I think the risk/reward ratio looks pretty good right now. As it has been a while since I last discussed (NYSE:CLDT.PR.A), I wanted to double check on the recent financial results to make sure there are no unexpected surprises. For a more detailed overview of the hotel REIT’s assets and business focus, I’d like to refer you to this older article. Data by YChartsChatham’s financial performance remains robust – from the perspective of a…

Joe Biden faced a growing clamour among Democrats to drop out of the 2024 presidential race on the weekend despite stepped-up public appearances aimed at proving he is mentally fit to take on Donald Trump.Biden has two campaign events in the swing state of Pennsylvania on Sunday after a high-stakes primetime interview on Friday night failed to reassure fellow Democrats panicked by the 81-year-old’s shaky debate performance last week.“It’s the worst possible outcome,” one veteran Democratic operative told the Financial Times after Biden’s interview aired on ABC News. “Not nearly strong enough to make us feel better, but not weak…