Author: Money Mechanics

Key Takeaways Rep. Haley Stevens (D-MI) recently introduced the “No Tariffs on Groceries Act,” which would require congressional approval before the president can impose grocery tariffs. The proposal comes as grocery inflation remains elevated, with the Yale Budget Lab estimating that tariffs will raise food prices by 3.4% in the short run. However, the Supreme Court is already set to weigh in on the legality of many of President Donald Trump’s tariffs later this year, which will determine whether some tariffs will remain. One congresswoman is trying to mitigate the impact that tariffs have on people’s grocery budgets. This week,…

After nearly half a century at the company he co-founded, Jerry Greenfield of Ben & Jerry’s is officially stepping down. His departure comes 47 years after he and Ben Cohen started scooping ice cream in a renovated gas station in Burlington, Vermont. Over the decades, Ben & Jerry’s became more than just an ice cream brand. It stood for quirky flavors, community values and social activism.Greenfield’s exit is a reminder that even when you’ve poured decades into building a career or business, there comes a point when moving on is the right choice. And it’s not always about age or…

Key Takeaways According to a recent note from Bank of America strategists, the Magnificent Seven stocks, despite their massive run-up over the past few years, have yet to reach the levels that historically have signaled peak bubble.The Mag 7 has rallied about 60% from its low point this year in early April, boosted by AI optimism, healthy earnings, and anticipation of lower interest rates.BofA strategists suggest investors may be able to hedge against a tech bubble by going long on cheap, distressed equities and shorting the debt of richly priced tech companies. The AI-driven rally in big tech stocks has…

Key Takeaways The Russell 2000, the benchmark index of small-cap stocks, this week closed at a record high for the first time in years as the Federal Reserve moved into a rate-cutting regime.Some analysts expect the category to outperform in the near term, given relatively low valuations compared to historical averages and large-cap peers.The iShares Russell 2000 ETF has outpaced the iShares Russell 1000 ETF—a measure that tracks bigger companies—in the past three months. The little engines that could just did. The Russell 2000 index ended yesterday at 2467.70, setting a fresh closing high for the first time since 2021.…

A mortgage refinance can provide various advantages, like reducing monthly payments, shortening a loan term, switching to a fixed-rate mortgage, or accessing cash for home renovations or other expenses.These benefits have become particularly attractive to homeowners recently as anticipation surrounding the interest rate cut by the Federal Reserve in September drove down mortgage rates. And that led to a surge of refinancing applications and the strongest week of borrower demand in decades, according to the Mortgage Bankers Association (MBA).“Homeowners with larger loans jumped first,” said Mike Fratantoni, MBA’s SVP and Chief Economist, regarding their weekly survey of mortgage applications for…

Key Takeaways Shares of Netskope surged Friday, extending gains after making their debut on the Nasdaq Thursday.The cybersecurity firm sold 47.8 million shares at $19 each in its initial public offering, at the top end of its expected range.CEO Sanjay Beri said he expects going public could help Netskope boost its credibility and customer awareness. Shares of Netskope (NTSK) surged Friday, extending gains after making their debut on the Nasdaq Thursday. The stock was up close to 7% around $24 in recent trading, after finishing Thursday’s session 18% above their initial public offering (IPO) price of $19 per share. The…

Question: I’m 55 and have 10 years until retirement. I’ve made $2 million on Nvidia stock. What do I do with it now?Answer: Nvidia (NVDA) has been one of the great success stories of our time.The company started out as a niche maker of specialized chips for video-game enthusiasts. Today, its chips are powering the artificial intelligence (AI) revolution. Without Nvidia, there wouldn’t be an AI revolution. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed investor. CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice…

Theo Casey is CEO of EquityQuant.dev, co-founder of Marketcolor, and a veteran FT Alphaville contributor. At some point, the “it’s only newsworthy because Cathie Wood is doing it” bandwagon will run out of road. Today, however, is not that day.One of Wood’s recent ventures involves the favourite downside-protection derivatives strategy among ETF hipsters, the so-called buffer. ARK Invest applied to the SEC in July to create four defined outcome buffered ETFs referencing its Innovation ETF, one for each quarter, but has somehow spurned the opportunity to code them BARKK. Say hello, potentially, to ARK Defined Innovation ETF family: ARKI, ARKJ,…

Jefferies Financial Group Inc. JEF and Sumitomo Mitsui Financial Group Inc. SMFG, along with Sumitomo Mitsui Banking Corporation and SMBC Nikko Securities Inc., unveiled a sweeping expansion of their global strategic alliance on Friday.The agreement marks a new phase in the collaboration that began in 2021 and later extended across multiple regions and services.The latest move will deepen cooperation in capital markets, lending and sponsor coverage while expanding equity ties and credit support.Also Read: Philip Morris Just Raised Its Dividend AgainThe centerpiece of the new pact is a plan to merge the firms’ wholesale Japanese equity research, sales, trading and…

Are you thinking of investing in gold and silver to diversify your portfolio against market uncertainty and geopolitical instability? We’ve got you covered. On this page, we will review ten top-rated gold investment and precious metal IRA companies in America. Now, we always recommend speaking to your financial advisor before making any investment decision. We also recommend that you compare a few different companies before making a decision, as they all have different strengths, weaknesses, and fees. goldencrestmetals.com(833) 426-3825California (Calabasas)Minimum investment: $10,000CEO: Rich JacobyGold IRAs Approved? Yes GoldenCrest Metals is a newer, education-first dealer that helps clients open and fund…