By John Kyle In 2021, Americans lost approximately $5.8 billion from identity theft. There were 2.8 million consumer identity theft incidents reported, which means there could have been much more. Of that, $2.3 billion were from imposter scams, and $392 million were from consumer online shopping. For businesses, 47 percent of all businesses had one…
How to Reduce the Risk of Fraudsters Accessing Your Business and Personal Bank Accounts
Closing Prices for Crude Oil, Gold and Other Commodities (Apr. 6)
Benchmark U.S. crude oil for May delivery rose 9 cents to $80.70 a barrel Thursday. Brent crude for June delivery rose 13 cents to $85.12 a barrel. Wholesale gasoline for May delivery fell 1 cent to $2.81 a gallon. May heating oil fell 7 cents to $2.66 a gallon. May natural gas fell 14 cents…
Should You Rent in Retirement?
Some people rent in retirement because they don’t have much choice; they can’t afford to own homes. But financial planners say renting can make more sense than owning in some circumstances, even for retirees who can afford the costs of homeownership. Renting offers flexibility as well as freedom from all the chores and expenses of…
Regulators Focus on Frauds Targeting Seniors
By Lisa Gerstner From Kiplinger’s Personal Finance Andrew Hartnett, deputy commissioner of the Iowa Insurance Division and president of the North American Securities Administrators Association (NASAA), explains how to best protect vulnerable seniors. Question: Protecting seniors from fraud and exploitation is part of NASAA’s mission. What types of scams are targeting seniors lately? Answer: States…
Shareholders Say JPMorgan Chase Has ‘Disturbing Trend’ of Political Bias
Investors who are fighting the politicization of America’s banks scored a rare win last week with a Securities and Exchange Commission (SEC) ruling that allowed a shareholder proposal in favor of political and religious diversity at JPMorgan Chase to go forward, despite the bank’s objections. On March 29, the SEC green-lighted a shareholder proposal that…
Closing Prices for Crude Oil, Gold and Other Commodities (Apr. 5)
Benchmark U.S. crude oil for May delivery fell 10 cents to $80.61 a barrel Wednesday. Brent crude for June delivery rose 5 cents to $84.99 a barrel. Wholesale gasoline for May delivery rose 8 cents to $2.82 a gallon. May heating oil rose 6 cents to $2.73 a gallon. May natural gas rose 4 cents…
Treasury Department and IRS Issue Guidance for Bonus Tax Credit for Fossil Fuel Communities
The Biden administration issued final guidance on the bonus tax credit for American communities dependent on fossil fuels. The new rules, issued by the Department of the Treasury and the Internal Revenue Service on April 4, will allow “green” energy companies to secure additional tax credits when investing in local communities economically tied to oil and coal extraction….
Top Money Mistakes and Ways to Avoid Them to Build Financial Security
April is Financial Literacy Month, and a number of personal finance experts have shared with The Epoch Times their perspectives on the common mistakes Americans make when managing their hard-earned money—and tips for avoiding them. The following examples are among the most common financial mistakes that may prevent you from reaching your financial goals this…
How the Current Real Estate Market Can Affect Your Finances
The real estate market is in an interesting state right now. Home sales are slowing because of higher interest rates, but prices in some areas have yet to drop, demonstrating how much the current real estate market can affect your finances. Overall, the median existing-home sales price in January 2023 was up 1.3 percent from…
Dear Cheapskate: Drowning in Debt, Bouquet Garni How-To, Quilt Rescue
It’s mailbag day, when I reach into my virtual mailbag and pull out a few questions from my dear readers, attempting to respond with specific help and resources. Dear Cheapskate: How can I find a good financial counselor? We are not covering our monthly obligations and falling further and further behind. I am a nervous…
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