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💵 Today’s Top Stories
The supply of apartments for rent has soared thanks to new construction, which is fantastic news in most of the country. The problem: most people completely miss out on these savings. Here’s why. Read more.
CDs typically offer higher interest rates than savings accounts. But interest rates often go up or down. When is it a good idea to consider a ladder? Read more.
Say goodbye to your monthly entertainment bill with these free movie and TV options. Or use them to supplement what you pay for. Read more.
Identity theft and financial scams are significant problems. Here’s why you should add a “trusted contact” to your investment accounts for an extra layer of protection. Read more.
🏠️ Today’s Current Mortgage Rates
According to Freddie Mac, 30-year mortgage rates are 6.48% and 15-year rates are 5.79% as of June 4, 2026. The following chart shows the 30-year mortgage rate trend over the last year.
🛒 Amazon Passes Walmart in Total Revenue
Amazon replaced Walmart at the top of the Fortune 500, ending the Arkansas value retailer’s 13-year run atop the list.
The company Jeff Bezos founded in 1994 debuted on the Fortune 500 just more than 20 years ago at No. 492. It surpassed $700 billion in revenue last year.
Walmart and Amazon may seem like bizarre “competitors” at face value, but have increasingly clashed over market share in recent years.
Walmart has built out a vast distribution network and has competed as an e-commerce giant. While Amazon increasingly has attempted to compete in categories like groceries, buying Whole Foods and attempting various versions of physical markets.
Clark occasionally has pointed out he’s a bigger fan of Walmart’s annual membership (Walmart+), currently $98 per year. Amazon Prime costs $139 per year. (If you’re maximizing your benefits, which is an important distinction, you can get plenty of value out of either.)
Amazon posted Q1 sales of $181.5 billion, up 17% year-over-year. That’s on pace for $726 billion for 2026.
UnitedHealth Group, Apple and Alphabet rounded out the top 5 largest U.S. companies by revenue.
📊 Stat of the Day
⚙ $23.88: Average hourly wage for teenage car technicians and mechanics. It’s the highest-paying job for teens ahead of babysitter ($23.08/hour), retail supervisor ($22.75/hour) and others.
💰 Deal Alert: Today’s Top Deals
🎙 Podcast
It’s time for "Clark Stinks!" Christa reads the latest "Clark Stinks!" submissions and Clark responds. Also, are you blindly renewing your lease and paying more for rent every year? Stop! A massive boom in apartment construction across most of the country has officially flipped the script. It’s time to stop being passive and start letting the market work for you. Clark breaks down the exact strategy you need to use to slash your monthly housing costs.
☎ Need Money Help?
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.
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