Category: personal finance

A Bipartisan Credit Card Bill Reintroduced In Congress to Foster Greater Competition

A new credit card bill that targets the monopoly of Visa and Mastercard over the credit card industry has triggered swift reaction from lobbyists. A bipartisan group of lawmakers, led by Rep. Lance Gooden (R-Tex.), introduced new legislation that would significantly reform the credit card industry and create greater competition for the benefit of consumers….


Investment Guru Grant Cardone Says ‘Quit Saving Your Money’ If You Want to Get Rich

Renowned investor and bestselling author Grant Cardone said that the key to getting rich isn’t saving more—but rather putting your money to work effectively. Cardone, whose net worth Forbes estimates at around $600 million, is a sought-after speaker on investment and personal finance, with over 7 million followers across platforms that include YouTube, Twitter, and…


Closing Prices for Crude Oil, Gold, and Other Commodities (June 8)

Benchmark U.S. crude oil for July delivery fell $1.24 to $71.29 a barrel Thursday. Brent crude for August delivery fell 99 cents to $75.96 a barrel. Wholesale gasoline for July delivery fell 3 cents $2.61 a gallon. July heating oil fell 1 cent to $2.39 a gallon. July natural gas rose 2 cents to $2.35…


How Major US Stock Indexes Fared June 8

Stocks rose just enough for Wall Street to barrel into a new bull market Thursday as the S&P 500 keeps rallying off its low from last autumn. The index rose 0.6 percent to carry it 20 percent above a bottom hit in October. That means Wall Street’s main measure of health has climbed out of…


IRS Sends Incorrect Payment Due Notices to Taxpayers

The Internal Revenue Service (IRS) has sent out millions of letters demanding payment of taxes owed, with many of them featuring incorrect information. The IRS said in a statement obtained by The Epoch Times that it had sent taxpayers a number of CP-14 letters—notices that they owe money on unpaid taxes. But some of these…


Few Industries Are Better for First-Time Investors Than Real Estate. Here Are 4 Proven Ways to Make a Profit.

By Ari Chazanas When it comes to investing, few sectors offer the level of profitability and stability that residential real estate does. For first-time investors, this venture can be a powerful tool to generate income and accumulate wealth. The real estate market, particularly the residential sector, has consistently proven to be a solid investment choice….


American Consumer Credit Growth Last Month Rose to Its Fastest Pace Since November

U.S. consumer credit growth accelerated in April to the fastest pace since November 2022, according to recent data from the Federal Reserve. The June 7 data on consumer credit, or G.19, comes after the Federal Reserve raised interest rates in May by 25 basis points, to a range of 5.0–5.25 percent. Many economists are worried that…


How to Build a Great Credit Score

If you are a legal adult U.S. resident, somewhere there is a three-digit number between 300 and 850 with your name on it. Your credit score measures your creditworthiness, which is the likelihood that you will pay your bills. Establishing good credit has never been as important to your life as it is today. You…


Closing Prices for Crude Oil, Gold, and Other Commodities (June 7)

Benchmark U.S. crude oil for July delivery rose 79 cents to $72.53 a barrel Wednesday. Brent crude for August delivery rose 66 cents to $76.95 a barrel. Wholesale gasoline for July delivery rose 8 cents $2.64 a gallon. July heating oil rose 3 cents to $2.40 a gallon. July natural gas rose 7 cents to…


How Major US Stock Indexes Fared June 7

U.S. stocks drifted to a mixed close as drops for Microsoft and other big-name tech stocks overshadowed gains for much of the rest of Wall Street. The S&P 500 fell 0.4 percent Wednesday even though the majority of stocks within the index rose. The Dow Jones Industrial Average added 91 points, or 0.3 percent, while…