Benchmark U.S. crude oil for October delivery fell $3.38 to $85.10 a barrel Thursday. Brent crude for November delivery fell $3.26 to $90.84 a barrel. Wholesale gasoline for October delivery fell 9 cents to $2.43 a gallon. October heating oil fell 17 cents to $3.21 a gallon. October natural gas fell 79 cents to $8.32…
Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 15)
September 15, 2022
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How Major US Stock Indexes Fared Thursday Sept. 15, 2022
September 15, 2022
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Stocks closed lower on Wall Street, putting major indexes deeper in the red for the week. The S&P 500 fell 1.1 percent on Thursday. The benchmark index is down for the week following the biggest pullback for the market in more than two years on Tuesday. Railroad operators were mostly higher after a tentative labor…
Europe May Face Power Outages as Authorities Prepare for Winter Energy Crisis
September 15, 2022
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European authorities are preparing for blackouts, as many residents are facing the prospect of a very cold winter. The energy squeeze has put governments across the European Union (EU) on edge, as the severance of Russian natural gas supplies has exacerbated the energy shortage week by week. The urgency has been made worse also by…
Homebuilders and Investors Are Feeling the Intensity of the Struggling Housing Market
Homebuilders are slowing down construction due to the struggling housing market. According to the U.S. Census Bureau, the sale of newly built homes has dropped to a five-year low, at around 511,000 for the month of July. The July census data also show that new homes actively under construction are at about 839,000, which would make…
Ask Kip: Answers to Frequently Asked I Bond Questions
By Lisa Gerstner From Kiplinger’s Personal Finance Q: I see that U.S. Series I Savings Bonds are currently paying a rate of paying 9.62 percent. How is the interest rate determined? A: The composite rate has two parts: a fixed rate, which remains the same for the life of the bond, and an inflation rate,…
Average Social Security Payments Could Hit $1,800 Owing to Inflation
September 15, 2022
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Inflation could drive up Social Security payments by a record-high level next year due to inflation, with average payments reaching $1,800, according to an analysis by the Senior Citizens League, a nonpartisan group that focuses on issues related to older U.S. citizens. Based on the inflation data through August, the Senior Citizens League estimates the…
Retirement Planning Tips for the Self-Employed
For the self-employed, retirement planning can be a bit more complicated than for the rest of the population. They don’t have the benefit of an employer-sponsored plan and an HR department where they’ll find counseling and advice on planning for their retirement years. However, that doesn’t mean the self-employed can’t have a comfortable retirement or that…
How major US stock indexes fared Wednesday Sept. 14, 2022
September 14, 2022
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Stocks closed modestly higher on Wall Street after a day of veering between gains and losses. The tentative trading came a day after the market’s worst drop in two years, which was set off by fears that higher interest rates could cause a recession. The S&P 500 added 0.3 percent Wednesday. The Dow Jones Industrial…
Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 14)
September 14, 2022
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Benchmark U.S. crude oil for October delivery rose $1.17 to $88.48 a barrel Wednesday. Brent crude for November delivery rose 93 cents to $94.10 a barrel. Wholesale gasoline for October delivery rose 4 cents to $2.52 a gallon. October heating oil fell 16 cents to $3.38 a gallon. October natural gas rose 83 cents to…
Retirement: With Inflation Higher, Should You Break the 4% Rule?
By Sandra Block From Kiplinger’s Personal Finance One of the most perplexing questions facing retirees is this: How much can I withdraw from my savings each year without running out of money? For many, the answer has been to use the 4 percent rule, developed by William Bengen, an MIT graduate in aeronautics and astronautics who…
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