A rare 1930s Australian penny has been sold for nearly $60,000 (US$39,000). Featuring a partial diamond and six pearls on King George V’s crown, the penny is the lowest mintage pre-decimal Australian coin in existence. The coin was sold at a national online auction on Sunday night for $59,415 to a Western Australian bidder who wants…
How Major US Stock Indexes Fared Tuesday Oct. 4, 2022
October 4, 2022
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Stocks rose sharply again on Wall Street and clawed back more of the ground they lost in a miserable several weeks. The S&P 500 rose 3.1 percent Tuesday. The benchmark index has been rallying since hitting its lowest point of the year on Friday to close out a September slump. Other major U.S. indexes also…
Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 4)
Benchmark U.S. crude oil for November delivery rose $2.89 to $86.52 a barrel Tuesday. Brent crude for December delivery rose $2.94 to $91.80 a barrel. Wholesale gasoline for November delivery rose 17 cents to $2.68 a gallon. November heating oil rose 17 cents to $3.54 a gallon. November natural gas rose 37 cents to $6.84…
COVID-19’s Long Impact on the Housing Market
By Rae Hartley Beck From Bankrate.com The coronavirus pandemic has had profound impacts on the housing market. House flipping and residential real estate investing have risen drastically, with real estate analytics firm CoreLogic reporting that investors bought a record high 28 percent of all single-family homes in the first quarter of 2022. With the rise…
Investing in Retirement: The 4 Golden Rules
Retiring can feel like an overwhelming change in your life. If you’ve been planning for it properly, money is one thing you don’t have to worry about! However, if you’re nervous about managing your retirement account, know that there are strategies to ensure your retirement savings last. In this article, we’ll go through 4 rules…
Medicare Part B Will Cost Less Next Year
In a historic move, Medicare costs have declined for the first time in years. Seniors on Medicare will enjoy a reduction in the cost of Medicare Part B by a few dollars. The reason for the savings is that a drug called Aduhelm, which treats Alzheimer’s, was less expensive than was projected for 2022. Medicare…
Homeowners See Slower Equity Gains as Housing Market Cools
LOS ANGELES—Homeowner equity climbed to record highs in the first half of this year, though its rate of growth is slowing as the housing market cools. Average homeowner equity per borrower reached $298,380 in the second quarter, according to data from CoreLogic. That works out to $3.6 trillion in equity gained by U.S. homeowners with…
How Major US Stock Indexes Fared Monday (Oct. 3, 2022)
October 3, 2022
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Wall Street rallied to its best day since late July as falling bond yields eased some of the pressure that’s battered markets. The S&P 500 rose 2.6 percent Monday, the latest swing for a scattershot market that’s been mostly falling this year on worries about a possible global recession. Treasury yields fell after a report…
Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 3)
October 3, 2022
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Benchmark U.S. crude oil for November delivery rose $4.14 to $83.63 a barrel Monday. Brent crude for December delivery rose $3.72 to $88.86 a barrel. Wholesale gasoline for November delivery rose 14 cents to $2.51 a gallon. November heating oil rose 15 cents to $3.37 a gallon. November natural gas fell 30 cents to $6.47…
Which Types of Business Insurance Should You Purchase?
Entrepreneurial types tend to be relentless in the pursuit of their dreams. Many bring a single-minded focus to getting their business up and running. They spend every waking moment (and even some of their sleep time) thinking up new ways to innovate, improve, and outfox. This type of person is often so preoccupied that he…
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