Stocks slid on Wall Street as the U.S. government creeps closer to the edge of a potentially disastrous default on its debt. The S&P 500 fell 1.1 percent Tuesday as Democrats and Republicans still haven’t agreed on a deal to keep the U.S. government from running out of cash. Washington is facing a deadline as…
How Major US Stock Indexes Fared Monday
Stocks drifted to a mixed close as Wall Street waited to see whether a pivotal meeting later in the day will help the U.S. government avoid a potentially disastrous default on its debt. The S&P 500 closed little changed Monday. The Dow slipped 0.4 percent and the Nasdaq rose 0.5 percent. Big Tech was continuing…
Closing Prices for Crude Oil, Gold, and Other Commodities (May 22)
May 22, 2023
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Benchmark U.S. crude oil for June delivery rose 44 cents to $71.99 a barrel Monday. Brent crude for July delivery rose 41 cents to $75.99 a barrel. Wholesale gasoline for June delivery rose 7 cents to $2.65 a gallon. June heating oil rose 1 cent to $2.37 a gallon. June natural gas fell 19 cents…
How Much Did the Fed Raise Interest Rates in 2022?
Last month, the Federal Reserve increased interest rates again, the ninth consecutive increase since the Fed began raising rates in March 2022. While the full effects of the latest rate hike remain to be seen, analysts debate whether the Fed will raise rates again at its next meeting in May. This is the big question…
Value Investing Is Back
By Kim Clark From Kiplinger’s Personal Finance It looks like value stocks are making a comeback after being clobbered by growth stocks for about a decade. Value and growth stocks move in cycles. The 1980s were led by value stocks; the 1990s by growth. Value beat growth for seven consecutive years starting in 2000; then…
Closing Prices for Crude Oil, Gold, and Other Commodities (May 19)
May 19, 2023
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Benchmark U.S. crude oil for June delivery fell 31 cents to $71.55 a barrel Friday. Brent crude for July delivery fell 28 cents to $75.58 a barrel. Wholesale gasoline for June delivery rose 1 cent to $2.58 a gallon. June heating oil fell 4 cents to $2.36 a gallon. June natural gas was unchanged at…
Closing Prices for Crude Oil, Gold, and Other Commodities (May 18)
May 18, 2023
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Benchmark U.S. crude oil for June delivery fell 97 cents to $71.86 a barrel Thursday. Brent crude for July delivery fell $1.10 to $75.86 a barrel. Wholesale gasoline for June delivery was unchanged at $2.57 a gallon. June heating oil fell 2 cents to $2.40 a gallon. June natural gas rose 22 cents to $2.59…
Freedom of Money—How Will You Spend Your Freedom
May 18, 2023
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How would you love to celebrate your financial freedom when you have finally achieved it? Well, we all dream of cherishing this privilege, but few achieve it. So, your efforts to maintain financial discipline and cultivate healthy saving habits have paid off. What’s next? Of course, you would love to consolidate your wealth as you…
Closing Prices for Crude Oil, Gold, and Other Commodities (May 17)
May 17, 2023
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Benchmark U.S. crude oil for June delivery rose $1.97 to $72.83 a barrel Wednesday. Brent crude for July delivery rose $2.05 to $76.96 a barrel. Wholesale gasoline for June delivery rose 9 cents $2.57 a gallon. June heating oil rose 6 cents to $2.42 a gallon. June natural gas fell 1 cent to $2.37 per…
Closing Prices for Crude Oil, Gold, and Other Commodities (May 16)
May 16, 2023
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Benchmark U.S. crude oil for June delivery fell 25 cents to $70.86 a barrel Tuesday. Brent crude for July delivery fell 32 cents to $74.91 a barrel. Wholesale gasoline for June delivery rose 1 cent $2.48 a gallon. June heating oil fell 2 cents to $2.36 a gallon. June natural gas was unchanged at $2.38…
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