Author: Press Room

By Barani Krishnan Investing.com — Heightened expectations for a pause in U.S. rate hikes led to a 2% rally in crude futures for a second day in a row on Wednesday.  Oil bulls were also hyped up by speculation that the Biden administration will refill the nation’s heavily drawn down reserve — despite Energy Secretary Jennifer Granholm saying the action will only come at prices per barrel that work for American consumers. New York-traded  West Texas Intermediate, or , settled up $1.73, or 2.12%, at $83.26 a barrel, extending Tuesday’s 2.2% run-up. The session high for Wednesday itself was a…

MANILA (Reuters) – The Philippine central bank may consider pausing its monetary tightening next month if April inflation does not accelerate, the bank’s governor said on Sunday. Bangko Sentral ng Pilipinas Governor Felipe Medalla said in a telephone message to Reuters that a pause in interest rate increases was possible “if the April CPI (consumer price index) is not higher than the March CPI”. Medalla said a “zero or negative month-on-month inflation” may also support the case for a rate hike pause. Philippine headline inflation eased for a second consecutive month in March to 7.6% from 8.6% in February but…

Week in Review Asian equities were mostly higher after a turbulent week that included a cooler inflation print in the US and key economic positive economic data coming out of China, including growth in exports and a very low inflation print. Prosus’ selling of its stake in Tencent and SoftBank’s sale of Alibaba shares weighed on the companies’ share prices this week, though it is a positive that investors who could move in size are now out of the names. Solar giant Longi Green Energy reported Monday that 2022 operating revenue jumped +60% year-over-year (YoY) and net profit increased +62.66%…

We may be about to enter a new golden age of gold mining deals as explorers and producers seek to capitalize on higher metal prices and gain exposure to other key minerals, including copper, at a time when consolidation in the gold industry vastly trails that of other metals. This week, major U.S. gold producer Newmont raised its bid for Australian rival Newcrest Mining to $19.5 billion after its earlier bid of $17 billion was rejected. Due diligence is expected to take around four weeks, and if Newcrest’s board and shareholders accept the offer, the acquisition would represent one of…

Starting this year, nearly any homeowner can claim a raft of federal tax credits for home energy improvements. Whether you’re replacing your furnace, air conditioner or water heater, save your receipts. At tax time, you can lower your federal income tax bill. Here’s a sampling of the best breaks, according to the IRS: Building envelope components satisfying federal energy efficiency requirements under the Energy Efficiency Requirements section: Exterior doors (30% of costs up to $250 per door, up to a total of $500); Exterior windows and skylights (30% of costs up to $600); and Insulation materials or systems and air…

Still haven’t filed your taxes? There are certainly better ways to spend a weekend but if your plans include tackling your annual Form 1040 and you missed Tuesday’s “Ask Me Anything” session, keep reading for a recap of some of the questions and answers and more information for last-minute filers. Do I Need To File A Tax Return? A recent reader question asked, “I got a letter from my bank that I need to report seventeen cents to the IRS. I don’t work and I am disabled. Do I need to file taxes and report the seventeen cents? Can I…

On this date in 1912, one of the richest men in the world dined sumptuously aboard the White Star line’s newest and proudest ocean-going vessel on its maiden voyage across the Atlantic. Later that evening, he would guide his young wife Madeline to lifeboat No. 4 and be told he could not join her until all women were safely aboard. He would later be glimpsed on the ship’s starboard bridge wing, speaking with another passenger. This was the last anyone saw of John Jacob Astor IV until his remains were plucked from the icy Atlantic waters a full week later,…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Based on data compiled by Credible, mortgage rates for home purchases are mixed with three key rates falling and one remaining steady since yesterday. Rates last updated on April 14, 2023. These rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000…

The latest batch of economic data shows positive developments on the inflation front, but the Federal Reserve’s job is not over yet, Chicago Federal Reserve President Austan Goolsbee said.Goolsbee, who succeeded Charles Evans in the president role earlier this year, is a member of the Federal Open Market Committee, which sets the federal funds rate.”When you see the producer prices coming in as big negative numbers and you see these negatives on retail sales, you don’t want to overreact to short-run news, but it feels like that’s moving in the right direction,” he said on CNBC’s “Squawk Box” Friday to…

Again and again, research has found that the key to a happy and successful life is to create deep relationships.This requires good communication skills. Unfortunately, many of us aren’t good at it. Our default is always to ask, “How are you?”As a happiness researcher and founder of The New Happy, I’ve found that these three words, while well-intentioned, only lead to meaningless conversations.To get a genuine response and go beyond small talk, ask these eight questions instead:1. “How are you, really?”Zoom In IconArrows pointing outwardsYou can easily transform conversations by adding one simple word: “really.” It indicates that you want…