At the foundation of your children’s financial intelligence should be this undeniable truth: It is not the amount of money you have but what you do with it that matters. This is true for a child managing a $5-a-week allowance or a corporate executive with a $5,000-a-week salary. For the better part of my life,…
Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 20)
Benchmark U.S. crude oil for April delivery rose 90 cents to $67.64 a barrel Monday. Brent crude for May delivery rose 82 cents to $73.79 a barrel. Wholesale gasoline for April delivery rose 4 cents to $2.54 a gallon. April heating oil rose 1 cent to $2.69 a gallon. April natural gas fell 12 cents…
Raising Your Credit Score Can Save Thousands on a Mortgage
Before you buy a home and get a mortgage, there are ways to ensure you get a better deal from a lender. The difference can save you many thousands of dollars throughout your mortgage. Taking time to raise your credit score beforehand can enable you to get the better terms you want. The Savings Potential…
Family Finances: Get a Handle on Subscription Costs
By Emma Patch From Kiplinger’s Personal Finance We’re all creatures of habit, so much so that research shows nearly half of everything we do in a day is habitual. Subscriptions cater to that behavior, seamlessly charging us monthly or annually for an ongoing product or service. Most likely you’re no stranger to the subscription model….
Biden’s Tweet on Taxes That Billionaires Pay Fact-Checked, Labeled ‘Incorrect’ by Twitter
A post published on President Joe Biden’s official Twitter account has been fact-checked and labeled “incorrect” after the White House claimed the average American billionaire pays just 3 percent in tax. The president’s official account posted a tweet of a photo of Biden on March 18 containing a quote from him which read: “You know the average…
Morgan Stanley Strategist Warns of ‘Vicious’ Bear Market Phase as Bank Turmoil Challenges Investors
Morgan Stanley’s top investment officer has warned that investors shouldn’t see the bailout of Silicon Valley Bank’s uninsured depositors as a reason to get bullish on stocks, predicting a “vicious” final stretch to the current bear market marked by sharp price declines and few opportunities to hedge portfolios against losses. The lightning-fast collapses of Silicon…
Not All Uninsured Deposits Will Be Government-Protected in Future Bank Failures: Yellen
Not all Americans’ uninsured deposits will be protected by the federal government in the event of future bank collapses, Treasury Secretary Janet Yellen warned during a hearing before the U.S. Senate Finance Committee on March 16. “I can reassure the members of the committee that our banking system remains sound and that Americans can feel confident…
Are Series EE Bonds Worth a Look?
By Lisa Gerstner From Kiplinger’s Personal Finance Since high inflation took hold in the United States, Series I savings bonds—which offer an inflation-linked interest rate—have enjoyed a moment in the sun. I bonds purchased from November 2022 through April 2023 offer a lofty composite yield of 6.89 percent. The Series EE savings bond is the…
Bank Failures Lead to Lower Mortgage Rates
The first good news for potential homebuyers has come out recently with a drop in mortgage rates. Rates had been at a high of over 7 percent, but due to the news of two bank failures, they dropped toward a 6 percent level. The collapse of both Silicon Valley Bank and the Signature Bank seems…
Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 17)
Benchmark U.S. crude oil for April delivery fell $1.61 to $66.74 a barrel Friday. Brent crude for May delivery fell $1.73 to $72.97 a barrel. Wholesale gasoline for April delivery was unchanged at $2.50 a gallon. April heating oil rose 4 cents to $2.68 a gallon. April natural gas fell 17 cents to $2.34 per…
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