As CNBC's personal finance correspondent and senior commodities correspondent, Sharon Epperson reports on personal finance for the network and also covers the global energy, metals and commodities markets from the floor of the New York Mercantile Exchange.
In addition to reporting for CNBC and CNBC.com, Epperson is a regular contributor on NBC's "Today" and Today.com and appears frequently on NBC Nightly News, MSNBC and NBC affiliates nationwide. She also frequently reports for Public Television's "Nightly Business Report," which is now produced by CNBC.
Her book, The Big Payoff: 8 Steps Couples Can Take to Make the Most of Their Money—and Live Richly Ever After, was a finalist for the Books for a Better Life Awards, honoring works that have "changed the lives of millions." She also was a contributing writer for The Experts' Guide to Doing Things Faster.
Epperson's personal finance expertise has been featured in numerous publications, including USA Weekend, The Wall Street Journal, The Washington Post, The Boston Globe, Self, Essence, Ebony and Time, where she had covered business, culture, social issues and health as a correspondent prior to joining CNBC.
She is committed to improving financial literacy, particularly in underserved communities. She has been invited to the White House to speak about financial literacy and to moderate a public meeting of the President's Advisory Council on Financial Capability at the U.S. Treasury Department. She also speaks frequently at conferences and events for local and national organizations, colleges and universities about many facets of personal finance.
Epperson is the winner of the Alliance for Women in Media's 2014 Gracie Award for Outstanding Online Host for her "Financial Advisor Playbook" video series on CNBC.com. She has received the Vanguard Award for her distinguished career in business and personal finance reporting from the National Urban League Guild, and the All-Star Award from the Association of Women in Communications. She also has won awards from the New York Festivals, the New York Association of Black Journalists and the National Association of Black Journalists.
An adjunct professor at Columbia University's School of International Public Affairs for more than a decade, Epperson enjoys teaching the importance of budgeting and building long-term savings as part of her course on professional development for graduate students interested in media careers.
Epperson received her bachelor's in sociology and government from Harvard University, and a master's of international affairs degree from Columbia University. A Pittsburgh native, Epperson lives with her husband and two children in Westchester County, N.Y.
With oil prices topping $112/barrel and some analysts predicting the next stop to be $120, will OPEC finally step in and add crude to the market to tame prices? I doubt it will happen.
We have a guest blogger today. Tom Kloza is Chief Oil Analyst at OPIS (Oil Price Information Service) and has his own blog. Tom has been writing about downstream oil markets since 1975 and was among the founders of OPIS over 25 years ago. We appreciate his posting today.
CNBC viewers have been glued to the Senate Banking Committee's hearing on Bear Stearns all day (unless you turned the channel and as loyal viewers you'd never do that right?). Meanwhile there's been another feisty hearing underway on Capitol Hill as the Senate Energy and Natural Resources Committee tries to examine the impact of "speculative" investors on the price of oil.
This morning traders on the NYMEX floor were buzzing about the oil plunge under $100 a barrel, perhaps marking the bursting of the commodities bubble. After all, the U.S.dollar index had popped over 1 percent, as the dollar rallies sharply against the Euro and other currencies...
Investors who put their money in oil in the first quarter ended up putting their money in a winning asset class. It was certainly a good move considering--before today--oil futures were up 10 percent, while the broader S&P was down by that same amount. Even after today's remarkable $4 plunge, prices have posted a gain of nearly 6 percent this quarter.
Recent volatility for grains and oilseeds have increased significantly. And that's drawn increased market scrutiny along with it, sparking an initiative for wider trading limits from the CME. The CFTC gave its stamp of approval, making the changes effective today after the close.
Oil bulls were definitely back in full force today, pushing crude prices up nearly $5 once again to almost $106/barrel. The sharp drop in gasoline and distillate supplies and extended weakness in the dollar against the Euro and so many other currencies help fuel the surge not only in oil prices, but also products.
We might all be paying 75 cents more a gallon for gas if refiners don't play nice. That's what Mark Cooper, author of a Consumer Federation Report to be released later today, says. It's the first time in 8 years that there is downward pressure on gas prices: demand is down, inventory is up, and ethanol is in the mix, he points out.
Has the commodities rout run its course? Crude oil is slightly higher this morning--so is heating oil and RBOB gasoline and natural gas continue to be the strongest parts of the energy complex.
The slick slide for oil, gold and other commodities over the past 24 hours has been as dramatic as the mercurial rise to record heights. With oil below $100, the next leg down could be a steep one. Looking back to the lows of this year, many traders point to technical charts that indicate oil prices could return to the February lows in the mid-$80 range.