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.
Venezuela's state-owned oil company PDSVA says it's cutting off supplies to ExxonMobil. Most traders I talk to think it's all talk from President Hugo Chavez while he tries to save face as the legal battle between his country and the oil giant has gone Exxon's favor so far.
Venezuela needs US refineries as much as we need the oil.The bulk of Venezuelan oil into Exxon's U.S. operations goes into its joint venture in Louisiana. Venezuela supplied about 78,000 bpd into the Chalmette refinery in Louisiana last year, according to energy analyst Andy Lipow in Houston.
On Thursday, February 14 after the show join CNBC's Sharon Epperson and The Millionaire Inside money mentors -- Ric Edelman, Carmen Wong Ulrich, John Ulzheimer and Dr. Doug Hirschhorn -- for a live video chat after "The Millionaire Inside: Til Debt Do Us Part."
The energy complex may go into this weekend on a high note. Oil prices have rallied about $3 from yesterday's intraday low. Some traders are telling me it's mostly short-covering, with the bears unable to push prices all the way down to $86.
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.