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July 1, 2022

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IRA rollovers often come with higher investment fees, Pew finds: Here’s how much money that costs retirement savers

CNBC
CNBC – For more and to sign up click here andresr | E+ | Getty Images IRA rollovers are common for job switchers, retirees Investors rolled $516.7 billion from workplace plans into traditional IRAs in 2018, the latest year for which data is available. That’s nearly 28 times more money......

Texans view state’s economic growth as a good thing but feel pinch of higher prices — CBS News poll

CBS News
CBS News – For more and to sign up click here Texans rate their state’s economy better than Americans rate the nation’s overall, and they’re mostly optimistic about Texas’ — much more so than they are about the national economy.  Texans view the economic growth of their state in a......

India rupee hits record low on higher global crude prices

Reuters
A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India, September 20, 2018. REUTERS/Amit Dave Register now for FREE unlimited access to Reuters.com Register MUMBAI, June 28 (Reuters) – The Indian rupee opened at a record low against the dollar on Tuesday as a......

Stock index futures inch higher following a losing day Monday

CNBC
CNBC – For more and to sign up click here Stock futures rose slightly in overnight trading Monday following a losing day as investors prepare to rebalance their portfolios with the end of the quarter fast approaching. Futures on the Dow Jones Industrial Average gained 36 points. S&P 500 futures......

Quarter-end buying may lift stocks higher before the next market storm

CNBC
CNBC – For more and to sign up click here Trader on the floor of the NYSE, June 7, 2022. Source: NYSE The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility.......

Exxon Mobil CEO Darren Woods calls for a higher price on carbon

CNBC
CNBC – For more and to sign up click here Exxon Mobil CEO Darren Woods would like the U.S. government to help incentivize some of the clean energy innovations his company is developing, like biofuels and direct air capture of carbon dioxide. In an interview with CNBC’s David Faber, the......

Defensive stocks lead Wall Street higher amid recession fears

Reuters
Occidental rises after Berkshire raises stake Accenture slides on tepid current-quarter sales view Indexes up: Dow 0.20%, S&P 0.28%, Nasdaq 0.45% June 23 (Reuters) – Wall Street’s main indexes rose on Thursday as investors turned to consumer staples and healthcare companies to mitigate their risks if the economy falls into......

Ofgem blamed as supplier failures lead to higher energy bills

BBC
https://www.bbc.co.uk/news/business-61881981?at_medium=RSS&at_campaign=KARANGA “While no regulator can, or should, guarantee companies will not fail in the future, we will continue to take a whole-market approach to further strengthen the regulatory regime, ensuring a fair and robust market for consumers which keeps costs fair as we move away from fossils fuels and towards......

Bitcoin rebounds, leading other cryptocurrencies higher, after its big dip over the weekend

CNBC
CNBC – For more and to sign up click here Selim Korkutata | Anadolu Agency | Getty Images Bitcoin climbed on Tuesday after a slew of negative headlines had pushed the cryptocurrency to a new 2022 low over the weekend. The price of bitcoin jumped more than 7% to $21,617.70......

Wall St edges higher in choppy trade as recession fears linger

Reuters
Indexes set for weekly declines of between 4.7% and 6% Alibaba jumps on report PBOC accepts Ant Group application Markets closed on Monday for Juneteenth holiday Indexes up: Dow 0.18%, S&P 0.54%, Nasdaq 1.22% June 17 (Reuters) – Wall Street’s main indexes edged higher on Friday after a brutal selloff......

In-demand teen workers are winning higher pay and more flexibility this summer

CNBC
CNBC – For more and to sign up click here When Jennifer Sutton opened her small business, Guest Haus Juicery, in September 2021, she turned to teenage workers to fill gaps in the hiring market. Sutton initially thought her two teen employees would staff the register at her Park City,......

Stock futures inch higher after Fed raises rates by most since 1994

CNBC
CNBC – For more and to sign up click here U.S. stock index futures were modestly higher during overnight trading on Wednesday after the Federal Reserve implemented the largest interest rate hike since 1994. Futures contracts tied to the Dow Jones Industrial Average added 0.22%. S&P 500 futures were up......

Mortgage demand is now roughly half of what it was a year ago, as interest rates move even higher

CNBC
CNBC – For more and to sign up click here A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade. David Paul Morris | Bloomberg......

Stanley Cup Final Game 1 tickets have higher average sale price than Adele and Bad Bunny

ESPN
The Colorado Avalanche and Tampa Bay Lightning are set up for quite the compelling matchup in the Stanley Cup Final, and the Game 1 ticket prices reflect as much. The price for a ticket to Game 1, at an average of $1,061, is the highest Stanley Cup Final Game 1......

Yen falls to lowest level since 1998 as U.S. yields march higher

Reuters
Japanese Yen and U.S. Dollar notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration//File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 13 (Reuters) – The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap......

Gasoline prices top $5 a gallon nationally for the first time and are likely headed higher

CNBC
CNBC – For more and to sign up click here Prices at a Chevron gas station in Menlo Park, California, on Tuesday, May 24, 2022. David Paul Morris | Bloomberg | Getty Images The average price for a gallon of unleaded gasoline rose above $5 nationally for the first time......

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