A federal judge on Monday ruled that President Trump’s $10 billion lawsuit against the IRS over the illegal release of his personal tax records was an improper attempt to manipulate the legal process to his own advantage. The lawsuit was never formally litigated and instead resulted in a highly unusual agreement between Trump and the…
Oil refiners have stumbled into one of the best profit environments in years. Crude prices have fallen back to where they traded before the Iran war erupted. But gasoline, diesel, and jet fuel remain stubbornly expensive. That combination has pushed refining margins to extraordinary levels, giving refiners a windfall that few expected just weeks after…
While the United States has been the world’s biggest consumer of oil for decades, it became the largest oil producer, too, back in 2018, and has retained that crown ever since. The shale revolution and the growth in the Permian oil production have allowed the U.S. not only to retain the top spot ahead of…
There isn’t a universal answer to whether a gold IRA makes sense. The answer depends on how physical precious metals are intended to work within a retirement strategy, alongside factors such as investment horizon, diversification, costs, and portfolio structure. A gold IRA allows investors to hold IRS-approved physical precious metals inside a retirement account. Unlike…
People often use the phrase buying gold as though it describes a single investment. In practice, buying gold can mean buying shares of a fund, purchasing physical metals inside a retirement account, or owning coins and bullion directly. Buying shares of a gold exchange-traded fund (ETF), purchasing IRS-approved precious metals inside a self-directed gold IRA,…
A Note From Stephen Prior, Publisher: A massive shift is already underway in the market. Money is pouring out of the AI and tech names that led for three years and into sectors most investors forgot they owned. Energy is up 21% this year. Materials up 17%. Consumer Staples up 15%. Meanwhile, tech is stalling…
This article was originally published on ETFTrends.com. Missiles and drones disrupted skies over Dubai in late February, following U.S.-Israeli strikes on Iran. Private aviation executive Jonny Dodge watched his phone light up nonstop. His firm, YourSky, flies much of the emirate’s crypto elite, giving him a front-row seat to the panic. Key Takeaways: Missile strikes…
High grocery prices are creating downstream financial troubles for more Americans. More than a quarter of US working-age adults who used credit cards to cover grocery costs last year struggled to repay their bills in full later on, either making only the minimum payment or missing that threshold entirely, new research from the Urban Institute…
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Federal Reserve policymakers are “at a crossroads” and may soon need to raise the benchmark interest rate as inflation heats up and persists above the central bank’s 2% target, Fed Governor…
August WTI crude oil (CLQ26) today is up +3.46 (+4.87%), and August RBOB gasoline (RBQ26) is up +0.1036 (+3.47%). Crude oil and gasoline prices are up sharply today amid an escalation of US-Iran hostilities over control of the Strait of Hormuz. Gains in crude oil accelerated today after President Trump said the US was reimposing…
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