Oil prices fall on reports of a U.S. ceasefire proposal with Iran
Brent crude traded 5% lower on reports of U.S. ceasefire proposal. Source link
How the economy would weather private-credit defaults rising to financial crisis-like levels
A repeat of the 2008 crisis for defaults in private credit only impacts GDP growth by between one-fifth and one-half of a percentage point. Source
Gold flirts with bear-market territory as Iran war takes its toll
Higher interest rates, forced liquidation of positions for margin calls and the possibility of central banks having to tap their reserves are conspiring to send
‘I find that advice questionable’: Is it time to rethink the rule of tapping your Roth last — after your 401(k) and IRA?
“I’ve read this advice again and again.” Source link
‘Six figures are missing’: My aunt’s attorney took over her bank account. Two random doctors declared her incompetent. How do I fix this?
“The attorney found two doctors — one who briefly spoke to her and signed off, and another who never saw her and simply stamped the
‘The money is tax-free’: I’m 76 and won $50,000 in a settlement related to cancer from nuclear waste. What should I do with it?
“The money is tax-free and does not affect our income, which comes from investments and Social Security.” Source link
Oil prices surge after Iran attacks Middle East energy facilities
U.S. President Trump warns of devastating response if Tehran persists in targeting the region’s oil and gas production. Source link
I opened a 0% credit card to pay $11,000 in vacation debt. Why can’t I get a higher credit limit? My debt utilization is only 10%.
“We’ve been aggressively paying down our credit cards.” Source link
I’m 59. My wife and I bought a second home for $484,000 at 6.2% interest. Will this be a drain on our retirement?
“I earn an annual salary of $116,000. My wife’s annual income is about $55,000.” Source link
UniCredit $40 billion offer for Germany’s number-two bank comes with unusual twist — it expects to fail
UniCredit’s bid to buy Germany’s second-largest bank took another step forward on Monday after it said will launch a bid at a 4% premium. Source