Source: CNBC’s Jim Cramer advised investors not to panic after FedEx’s worse-than-expected first quarter. The “Mad Money” host’s warning comes after FedEx reported first-quarter earnings and revenue that fell short of Wall Street expectations, citing a decline in global shipment volumes, while announcing aggressive cost-cutting measures. Shares of theContinue Reading


Source: The Federal Housing Administration (FHA) is the federal agency that insures many reverse mortgages. Here is how FHA reverse mortgage loans work. Key Takeaways The Federal Housing Administration (FHA) insures the most common type of reverse mortgage, known as a home equity conversion mortgage (HECM). HECMs are offeredContinue Reading


Source: The crest of the United States Department of Justice (DOJ) is seen at their headquarters in Washington, D.C., U.S., May 10, 2021. Andrew Kelly | Reuters Significant changes are coming to the ways federal prosecutors will handle white collar criminal cases, putting a greater emphasis on individual executivesContinue Reading


Source: FedEx on Thursday withdrew its full-year guidance and announced significant cost-cutting measures following what it called softness in global volume of shipments. “Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S.,” CEO Raj Subramaniam said in the release. “WhileContinue Reading


Source: The crypto community is celebrating the coming of Ethereum 2.0, however, there are also concerns for miners. Since Ethereum has switched to a proof-of-stake model, mining Ether will no longer be necessary. Due to this, mining machinery will become obsolete, leaving miners with fewer options.  Key Takeaways EthereumContinue Reading


Source: High-income earners can’t contribute directly to a Roth IRA. But thanks to a tax loophole, they can still make contributions indirectly. If you take advantage and maximize your retirement savings, you can save tens or even hundreds of thousands of dollars on taxes over the years. Let’s delveContinue Reading