The Treasury Department announced that it was proposing a new rule that would gather climate risk data from home insurance companies. The proposed changes, which were posted in a Federal Register notice on Oct. 18, require that property and casualty insurers provide data on climate change-related risks, in order to better prepare financial regulations for global…
Treasury Department Proposes Climate Data Collection Rule For Insurers
October 18, 2022
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How Major US Stock Indexes Fared Tuesday Oct. 18, 2022
Stocks rose on Wall Street, adding to weekly gains for major indexes that have been mired in a broad slump amid inflation and recession concerns. The S&P 500 rose 1.1 percent Tuesday. The Dow Jones Industrial Average and the Nasdaq also rose. The gains tempered from an earlier jump that sent almost all of the…
Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 18)
October 18, 2022
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Benchmark U.S. crude oil for November delivery fell $2.64 to $82.82 a barrel Tuesday. Brent crude for December delivery fell $1.59 to $90.03 a barrel. Wholesale gasoline for November delivery fell 4 cents to $2.55 a gallon. November heating oil fell 10 cents to $3.99 a gallon. November natural gas fell 25 cents to $5.75…
Family Finances: A Half Hour Is All You Need for These Financial Moves
By Lisa Gerstner and Rivan V. Stinson From Kiplinger’s Personal Finance It doesn’t take a lot of time to improve your finances. Here are three things you can do, each taking about a half hour. Check Your Credit Reports In response to the COVID-19 pandemic, Equifax, Experian, and TransUnion—the three major credit bureaus—allowed weekly free…
5 Trends in Finance
October 18, 2022
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In our digital age, current events have an increasingly swift impact on our finances. Extreme weather events, warfare, and other forms of political and economic unrest on the other side of the world are all communicated instantaneously. Those events in turn carry the capacity to impact finance trends in every market. Of course, seasoned investors…
The I Bond’s High Interest Rate Is About to Expire
The clock is running out on I bond’s record-high interest rate. As of Nov. 1, 2022, the current rate of 9.62 percent will drop. But you’ll need to purchase I bonds by Oct. 28 to take advantage of the current rate. Released by the Treasury Department and backed by the federal government, Series I Savings…
Can Inflation Be Tamed?
September Consumer Price Index (CPI) inflation results came in above expectations, at 8.2 percent, marking the seventh straight month of inflation above 8 percent. Gone is any talk from U.S. Treasury or Federal Reserve officials of inflation being “transitory.” If there was any good news in the numbers, it was that energy commodities, such as gasoline…
Applications Open for Biden’s Billion-Dollar Student Loan Forgiveness Plan Despite Mounting Lawsuits
October 18, 2022
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Tens of millions of Americans across the country are now eligible to apply for student loan cancellation under President Joe Biden’s loan forgiveness plan despite a number of lawsuits opposing the scheme. Biden announced the launch of the official application site at StudentAid.gov on Monday after a “beta” test version of the site was rolled out over the…
Applications Open for Biden’s Billion-Dollar Student Loan Forgiveness Program Despite Mounting Lawsuits
October 18, 2022
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bidenBusiness & Marketseconomic policiesEducation & Family NewsExecutive Branchlawsuitpersonal financePoliticsstudent loan forgivenessUSUS News
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Tens of millions of Americans across the country are now eligible to apply for student loan cancellation under President Joe Biden’s loan forgiveness program despite a number of lawsuits opposing the scheme. Biden announced the launch of the official application site at StudentAid.gov on Monday after a “beta” test version of the site was rolled out over the…
Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 17)
October 17, 2022
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Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for November delivery fell 15 cents to $85.46 a barrel Monday. Brent crude for December delivery fell 1 cent to $91.62 a barrel. Wholesale gasoline for November delivery fell 4 cents to $2.59 a gallon. November heating oil rose 11 cents to $4.09 a gallon. November natural gas fell 45 cents…
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