As CNBC's Senior Personal Finance Correspondent, Sharon Epperson covers the many facets of how people manage, grow and protect their money. Her expertise includes saving and investing for retirement, paying for college, managing mortgage, student loan, credit card and other debt, and building a financial legacy through estate planning.
In addition to reporting for CNBC and CNBC.com, she appears regularly on the syndicated program On the Money and Public Television's Nightly Business Report. Both shows are produced by CNBC. As CNBC's senior commodities correspondent, Epperson covered the global energy, metals and commodities markets from the floor of the New York Mercantile Exchange for eight years.
Epperson is also a regular contributor on NBC's Today, NBC Nightly News, MSNBC and NBC affiliates nationwide.
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.
Her 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.
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.
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.
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.
For most of the year, the three floors that separate energy and metals trading here at the NYMEX have been a tale of two markets. Crude oil prices have slid from the $100 peak to plunge nearly 8 percent so far this year, while gold prices have surged 8 percent.
Stocks of the NYMEX and other futures exchanges have rebounded from yesterday's steep slide after the Department of Justice's bombshell letter questioning the competitiveness of the exchanges "clearing" functions. The department is calling for an end to futures exchanges owning or controlling the business of "clearing," in which a third party takes the other side and guarantees the trade.
Relief is coming. My colleague Melissa Francis warned you two weeks ago that if you were paying $3.10 a gallon (the national average at the time), it was likely "the most expensive drop" of gasoline you’d buy for awhile. So far she’s been right. Retail gasoline prices have finally fallen below $3 a gallon on average for regular unleaded, according to AAA.
It’s easy to see why oil prices saw a dramatic plunge to nearly $86 a barrel overnight as equities slumped around the globe. A major player was absent and that’s why traders here at the NYMEX say the reaction in the oil market, with the U.S. market closed yesterday for the Martin Luther King Jr. holiday, may have been overdone.
If you're worried about losing your job, being able to afford your mortgage or paying your heating bill, you're likely to ease up on the money you spend on energy--whether its filling up the gas tank less often or putting on more sweaters in your house.
Nigeria’s main militant group, the Movement for the Emancipation of the Niger Delta, reportedly fired on six oil industry ships today and threatened an attack that will cause an “economic tsunami” in the world’s oil market.
Royal Dutch Shell execs have been talking about the impact of high oil prices on future energy projects--but the company continues to press on with plans despite headwinds facing the sector. “Increasing supply is best way to affect the price,” says Shell Oil President John Hofmeister.
Oil prices have pulled back from the century mark, but supply worries could help to keep oil prices near these heights. I’m keeping a close eye on the global hot spots that were major factors in crude surging nearly 60 percent last year--because they could be the catalysts for oil prices to pop or drop in 2008.
One maverick floor broker made the play that pushed the price of oil to $100 on the first trading day of 2008. He bought a single contact, just one lot for a mere 1,000 barrels of crude at that triple-digit mark, and made history.