Expiry dates and restrictions on “less desirable” purchases are some of the key advantages behind central bank digital currencies (CBDCs), according to an economist at a World Economic Forum (WEF) event. The WEF hosted the 14th annual Meeting of the New Champions in Tianjin, China, also known as Summer Davos. During one of the 30-minute…
Expiry Dates, Restrictions Benefits of Central Bank Digital Currencies, Economist Tells WEF
CBDCs With Expiration Dates, Restrictions Could Target Social Policies, Economist Tells WEF
Expiry dates and restrictions on “less desirable” purchases are some of the key advantages behind central bank digital currencies (CBDCs), according to an economist at a World Economic Forum (WEF) event. The WEF hosted the 14th annual Meeting of the New Champions in Tianjin, China, also known as Summer Davos. During one of the 30-minute…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 29)
June 29, 2023
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Benchmark U.S. crude oil for August delivery rose 30 cents to $69.86 a barrel Thursday. Brent crude for August delivery rose 31 cents to $74.34 a barrel. Wholesale gasoline for July delivery rose 1 cent $2.62 a gallon. July heating oil rose 1 cent to $2.42 a gallon. August natural gas rose 3 cents to…
How Major US Stock Indexes Fared June 29
Wall Street ticked mostly higher as investors consider both the upsides and downsides of the U.S. economy remaining stronger than feared. The S&P 500 rose 0.4 percent Thursday after wobbling between small gains and losses. The Dow added 0.8 percent and the Nasdaq ended just barely lower, less than 0.1 percent. Yields jumped after data…
Eight Tips for a Road Trip
It’s road trip time! Holiday weekends almost demand you take to the road and explore. From national parks to amusement parks, America has much to offer vacationers. Planning a trip is nearly as fun as taking it. Although a road trip is fun, it does have its challenges. This is especially true if children are…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 28)
June 28, 2023
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Benchmark U.S. crude oil for August delivery rose $1.86 to $69.56 a barrel Wednesday. Brent crude for August delivery rose $1.77 to $74.03 a barrel. Wholesale gasoline for July delivery rose 8 cents $2.60 a gallon. July heating oil rose 1 cent to $2.41 a gallon. July natural gas fell 16 cents to $2.60 per…
How Major US Stock Indexes Fared June 28
Wall Street drifted to a mixed close on Wednesday. The S&P 500 fell less than 0.1 percent, but held on to a gain for the week. The Dow Jones Industrial Average slipped 0.2 percent, while the Nasdaq composite rose 0.3 percent. General Mills had one of the larger drops after the maker of cereals and…
What Could Be in Store for Canadian Home Prices
June 28, 2023
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Canada’s housing market has good reason to be rising despite 4.5 percentage points of Bank of Canada interest rate hikes since March last year. But policy-makers are taking steps to contain risks stemming from the housing market and analysts expect prices to start dropping. “I’m pretty sure the Bank of Canada is not happy seeing…
Maybe Social Security Is Just Another Tax We Pay
I’ve received a lot of emails recently from readers trying to calculate how much they paid in Social Security taxes over the years and then wanting to compare that to what they will get out of the system in return. More often than not, they are trying to prove that Social Security is a rotten…
Leasing vs. Buying an Electric Vehicle
Owning a car is a no-brainer for most people. You shop around, look for financing, and then purchase it. It’s yours, and, as opposed to leasing, eventually, you won’t have a car payment. But if you’re interested in an electric vehicle (EV), buying may not be the best option. The 2022 Inflation Reduction Act may…
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