Elon Musk says Fed ‘foolish’ for not cutting interest rates yet
Billionaire Elon Musk said Sunday that the Federal Reserve was “foolish” for not cutting interest rates sooner following a disappointing jobs report that raised concerns about an economic slowdown. “The Fed needs to lower interest rates,” Musk said in a post on his X account. “They’re stupid for not lowering rates before now.” Musk’s comments […]
Elon Musk says the Federal Reserve is ‘foolish’ for waiting to cut interest rates
Washington Post Op-ed and columnist Heather Long discusses the Federal Reserve’s managed interest rate cuts and the impact of July’s jobs report. Billionaire Elon Musk The Federal Reserve said Sunday it was “foolish” for not cutting interest rates sooner after a disappointing jobs report that raised concerns about an economic slowdown. “The Fed needs to […]
Coca-Cola to pay $6 billion in back taxes and interest to the IRS
Coca-Cola announced Friday that it will pay $6 billion in back taxes and interest following a settlement with the IRS in a lawsuit dating back nearly two decades. The dispute covers fiscal years 2007-2009, with the IRS alleging that Coca-Cola should have reported higher revenues as a result of international transfer pricing. “We look forward […]
Coca-Cola to pay $6 billion in back taxes and interest to the IRS after tax court ruling
In a ruling, a U.S. Tax Court judge in Atlanta ruled that the soda giant owes the IRS $2.7 billion plus interest. Coca-Cola announced Friday that it will pay $6 billion in back taxes and interest following a settlement with the IRS in a lawsuit dating back nearly two decades. The dispute covers fiscal years […]
Mortgage rates drop to new low as Fed grows closer to slashing interest rates: Freddie Mac
Mortgage rates fell again this week to their lowest levels since February, according to Freddie Mac. (iStock) Mortgage rates fell again this week to their lowest since February on expectations that the Federal Reserve will cut rates by 25 basis points in September, according to Freddie Mac. According to Freddie Mac’s latest report, the average […]
Mortgage rates unlikely to fall significantly, even if the Fed cuts interest rates
Ally McCartney, managing director at UBS Private Wealth Management, explains on “Making Money” how the Fed’s message could affect markets. of Federal Reserve The Fed laid out the rationale for a September interest rate cut at the end of its two-day meeting on Wednesday, but the long-awaited cut may provide little relief to Americans struggling […]
Fed holds interest rates steady at 23-year high, but opens the door to reducing rates
Jerome Powell spoke after the Fed announced its interest rate decision. of Federal Reserve The Fed on Wednesday kept interest rates unchanged at their highest levels in more than two decades but signaled that recent developments in inflation mean it may soon lower borrowing costs. The widely expected decision will leave interest rates in the […]
Private student loan interest rates fall for 5- and 10-year terms
At Credible Operations, Inc. (NMLS No. 1681276, hereafter referred to as “Credible”), our goal is to give you the tools and confidence you need to improve your financial situation. While we promote products from partner financial institutions from whom we receive compensation for our services, all opinions are our own. The latest private student loan […]
Bitcoin ETF update: Rising interest with weekly net inflows of $535M – AMBCrypto News
Bitcoin has entered the $69,000 price range. The new price range could impact ETF flows this week. The latest Bitcoin ETF update revealed that most ETF companies have experienced positive capital inflows over the past week, indicating strong investor interest. Only one major ETF company reported negative inflows, an anomaly amid the bullish trend in […]
Record $39.4B Bitcoin open interest suggests imminent price breakout – Cointelegraph
Bitcoin futures open interest has hit an all-time high, suggesting growing investor demand for the world’s largest cryptocurrency. Is a price surge imminent? Bitcoin (BTC) open interest, a metric that monitors the total number of open positions in the underlying asset, reached a record high of $39.46 billion across exchanges. The current figure surpasses the […]