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…
Mortgage Arrears and Repossessions Jump as Homeowners Struggle Amid Soaring Interest Rates
May 19, 2023
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The number of homeowners in arrears and properties being repossessed jumped in the first quarter of this year, as mortgage costs soared amid repeated interest rate hikes. According to figures from trade body UK Finance, some 750 homeowner mortgaged properties were taken into possession in the first quarter of 2023, a 50 percent increase from…
What You Should Know About the Future of Digital Banking
By Readwrite.com During the pandemic, the ways we accessed and managed our money transformed. To be sure, in-person banking was dropping in popularity even before the start of the pandemic, while digital platforms were seeing a slow and steady rise. Although their popularity was beginning to wane, brick-and-mortar bank branches were undoubtedly still very much…
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…
Grocery Delivery Services Pros and Cons
The pandemic forced many people to change their way of life. One change was the way Americans grocery shop. Online shopping and delivery were trending upward before COVID, but it really took off during the shutdown. Many of these online shoppers are using grocery delivery services. But who are these delivery services? What are their…
Payday Loans Often Come With a Higher Price Than You Want to Pay
One of the easiest ways to get money when you need it right away is to get a payday loan. These loans are available in most places—and online—and they usually advertise how easy it would be to get one. A huge problem with these loans is that they often become debt traps for borrowers. Payday…
When Holiday Debt Lingers Long After the Gifts Are Forgotten
Got debt? I could be wrong, but if you’re revolving a big credit card balance, I’m guessing at least some of it is holiday related. Sadly, holiday debt can hang on long after the gifts are forgotten. So, what’s the problem here? Procrastination. When it comes to Christmas, the longer you wait to shop, the…
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…
JPMorgan Chase Defeats Shareholder Proposal to Investigate Allegations of Political, Religious Discrimination
May 18, 2023
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In the spring of 2022, Sam Brownback, a former U.S. senator, governor of Kansas, and U.S. ambassador, co-founded the National Committee for Religious Freedom (NCRF) to, in his words, “protect the right to the free exercise of faith for all Americans.” NCRF’s board members decided to set up the non-profit’s bank accounts at JPMorgan Chase….
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