Benchmark U.S. crude oil for July delivery rose 41 cents to $72.15 a barrel Monday. Brent crude for August delivery rose 58 cents to $76.71 a barrel. Wholesale gasoline for July delivery rose 2 cents $2.52 a gallon. July heating oil rose 2 cents to $2.38 a gallon. July natural gas rose 8 cents to…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 5)
June 5, 2023
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How Major US Stock Indexes Fared June 5
U.S. stocks drifted lower to start what could be a quiet stretch following several weeks of gains. The S&P 500 fell 0.2 percent Monday. The Dow Jones Industrial Average lost 199 points, while the Nasdaq composite fell 0.1 percent. Treasury yields fell after a report said U.S. services industries grew by less than economists expected…
Financial Tips for New College Grads
For new college graduates, receiving that first post-degree paycheck can be almost as exciting as getting the diploma itself. But it also presents a challenge: Given the many demands on a young person’s budget, how should those funds be managed? We asked five money experts to share their best personal finance strategies to help this…
[Premiering 6/6, 7:30PM ET] David Stockman: Debt Default, the ‘Doomsday Budget Machine,’ and Failed Fiscal Restraint Explained
June 5, 2023
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American Thought LeadersbidenBusiness & MarketsBusinesses in COVID-19CCP VirusCompaniesDavid Stockmandebt ceilingdebt crisisDebt Limit BillDemocratsDonald Trumpeconomic policiesEconomyEpochTVExecutive BranchFederal Reservehigh inflationHouse Majority Leader Kevin McCarthyinflationinterest ratesLive VideosMarketsMedia & Big Techpersonal financePolicies & ImpactsPoliticspublic debtRepublicansUSUS NewsVideo
“For capitalism to work, you have to have effectively functioning, solid capital markets. And in order to do that, you need savings—real savings, not money printed by a central bank, but real savings from businesses and households,” says David Stockman, who served as budget director for President Ronald Reagan. “Back then, the public debt was 30-40…
The IRS Has More Power Than You Think to Collect Taxes
One U.S. agency that many people fear is the Internal Revenue Service (IRS). Of course, there is no need to fear when you honestly report your taxes. When taxes are not reported honestly, there is a good reason to fear the agency because it has more power than any other U.S. agency. The IRS operates…
What to Know About Money Funds
June 3, 2023
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By Ella Vincent From Kiplinger’s Personal Finance The run on Silicon Valley Bank and the cascade of bank troubles in March spooked depositors, who withdrew billions of dollars from bank accounts. Much of their money ended up in money market mutual funds. Investments in money funds skyrocketed by about $67 billion during the first three…
Apple Customers Say It’s Hard to Get Money Out of Goldman Sachs Savings Accounts
June 3, 2023
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Some Apple customers have found it difficult to access their savings from a new account program in partnership with Goldman Sachs. After the new Apple savings account was launched in April to great fanfare, the system has been facing serious teething problems, according to customers. The annual yield on an Apple savings account offers a generous…
Best Personal Finance Advice for Millionaires From 3 Billionaires
June 3, 2023
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Hitting the million mark, especially if you did it all by yourself, is a huge achievement—both financially and personally. While some people make peace with the millionaire tag, most head towards the next big milestone—becoming a billionaire. However, a lot of people fail to realize that although the difference between a millionaire and a billionaire…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 2)
June 2, 2023
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Benchmark U.S. crude oil for July delivery rose $1.64 to $71.74 a barrel Friday. Brent crude for August delivery rose $1.85 to $76.13 a barrel. Wholesale gasoline for July delivery rose 6 cents $2.50 a gallon. July heating oil rose 5 cents to $2.36 a gallon. July natural gas rose 1 cent to $2.17 per…
How Major US Stock Indexes Fared June 2
Stocks rushed higher after a strong report on the U.S. job market eased Wall Street’s worries about a possible recession. The S&P 500 jumped 1.5 percent Friday, while the Dow soared 701 points. The rally brought the S&P 500 nearly 20 percent above a low hit in October. It’s on the edge of entering a…
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