NEW YORK—Recent turmoil in the banking industry may have you worried about your money. Officials announced Monday that they closed San Francisco-based First Republic Bank, making it the third U.S. bank to collapse in the past two months. Most of First Republic’s assets are being acquired by JPMorgan. First Republic had wealthy clients who rarely…
Is My Money Safe? What You Need to Know About Bank Failures
Bank Rates Are Up. How to Avoid Leaving Money on the Table
NEW YORK—Moving your savings around by opening a new account and closing an old one can seem like a hassle. But it’s a use of time that can pay off. After years of paying low rates for savers, banks are finally offering better interest on deposits. Though the increases may seem small, compounding interest adds…
Closing Prices for Crude Oil, Gold and Other Commodities (Apr. 28)
Benchmark U.S. crude oil for June delivery rose $2.02 to $76.78 a barrel Friday. Brent crude for June delivery rose $1.17 to $79.54 a barrel. Wholesale gasoline for May delivery rose 5 cents $2.58 a gallon. May heating oil rose 3 cents $2.38 a gallon. June natural gas rose 5 cents to $2.41 per 1,000…
The Financial Literacy Basics Entrepreneurs Need to Know
By Derek Notman Like most of you, I grew up with virtually no formal training on money. I learned that we definitely need money to get the things we want and one way or another, we have to work for it. Short of getting my passbook savings account back in the ’80s, I was taught…
Closing Prices for Crude Oil, Gold and Other Commodities (Apr. 27)
Benchmark U.S. crude oil for June delivery rose 46 cents to $74.76 a barrel Thursday. Brent crude for June delivery rose 68 cents to $78.37 a barrel. Wholesale gasoline for May delivery fell 2 cents $2.53 a gallon. May heating oil fell 2 cents $2.35 a gallon. June natural gas rose 5 cents to $2.36…
11 Ways to Make Financial Planning Easier
Financial planning may be necessary but it’s also notorious for being a decidedly unpleasant experience. For many people, dealing with intimidating life events such as children in college or reaching retirement age, can trigger much emotional or mental stress. Still others may feel overwhelmed as they explore various possible scenarios, challenges, and solutions. Without doubt,…
Closing Prices for Crude Oil, Gold and Other Commodities (Apr. 26)
Benchmark U.S. crude oil for June delivery fell $2.77 to $74.30 a barrel Wednesday. Brent crude for June delivery fell $3.08 to $77.69 a barrel. Wholesale gasoline for May delivery fell 4 cents $2.55 a gallon. May heating oil fell 8 cents $2.37 a gallon. May natural gas fell 19 cents to $2.12 per 1,000…
Considering Buying Your First Rental Property in 2023? Here’s What You Need to Know to Succeed.
By Dave Spooner Picture this: It’s New Year’s Eve, 2022, and you’ve finally committed to a resolution you really want to keep. In the coming year, you want to buy your first rental property and start investing in real estate. But what will real estate look like in 2023? Will housing prices continue to drop?…
The Banks Are Still in Trouble
The last few days have revealed just how bad the first quarter was for the banking sector. Credit Suisse, which in March collapsed into the arms of its main competitor UBS, recently reported that it had lost $69 billion of customer deposits in the first quarter, bringing the six-month total to an astronomical $225 billion…
How to Bolster Your Financial Confidence
Melinda Perez, a financial educator, still remembers the first time she felt financially confident. She had recently started investing money outside of her employer-sponsored retirement account because she was finally earning more than she spent. “It was exciting because for once, I had what felt like extra money,” recalls Perez, who lives in San Antonio,…
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