Author: Money Mechanics

The typical New York household impacted by the raised SALT cap will save $7,092  annually—the most of any state.  86% of Massachusetts homeowner households could benefit from the increased SALT cap—the highest share of any state. In comparison, only 1% of households in Tennessee and Nevada are expected to benefit. States with high home values will generally benefit more than states with lower home values, but it’s not always the case, as every state has very different tax environments. Of the top 100 U.S. metros, New York’s Nassau County has the highest share of households who could benefit from the…

At Meta Connect 2025, the company’s biggest event of the year, Mark Zuckerberg unveiled three new smart glasses: the second-generation Ray-Ban Meta, the Meta Ray-Ban Display and wristband controller, and the Oakley Meta Vanguard. Meta says it has sold two million of the first-generation Ray-Ban Meta smart glasses, and earlier this year, Meta unveiled its latest AI-powered smart glasses with Oakley, which were designed for athletes. Silicon Valley is leaning heavily into AI wearables, and Meta seems to be one of the companies leading the charge. With Meta looking to regain its footing in the AI race and sell more…

Key Takeaways Compared to other Western European countries, Portugal stands out for its affordability, with cheaper flights, accommodations, and activities Mexico and the Dominican Republic can be great options for low-cost beach getaways. Budget-friendly hotspots for 2025 also include destinations in Asia, where hotel rates can dip well under $100 per night. Were you hoping to eat your way across Italy or climb mountains in Hawaii, but don’t have the budget to make it happen this year? While visiting certain locations can be pricey, if you’re willing to be flexible with where you travel to, there’s no need to skip…

Key Takeaways Lennar shares slid Friday after the homebuilder posted quarterly earnings that missed analysts’ estimates, pointing to weakness in the housing market.The homebuilding giant said it increased incentives to encourage buyers hesitant because of high interest rates.CEO Stuart Miller suggested falling interest rates later in the quarter and the Federal Reserve’s cut this week could help stimulate demand. Shares of Lennar (LEN) slid Friday after the company’s earnings missed estimates, pointing to weakness in the housing market. The housing giant’s stock dropped nearly 6% in early trading, making it one of the worst-performing stocks in the S&P 500 Friday,…

As U.S. market popularity grows, so too has the demand for 24-hour trading.Studies of overnight trading show that liquidity and transparency is lower, resulting in less competition for spread compression and higher trading costs. That’s important for investors trading overnight as higher costs can eat away at returns. This, however, raises an interesting question: What stocks DO trade overnight – and are those stocks typically easier or harder to trade even during the day?The data shows that overnight trading is highly concentrated in a (relatively) small subset of securities, primarily large exchange-traded products (ETPs) and large-cap tech stocks. The good news…

KEY TAKEAWAYS Apple’s iPhone 17 lineup went on sale Friday, with early sales of the devices across the U.S, Europe and Asia reportedly drawing long lines amid strong demand—especially for the Pro models.The phones have met with a mixed reaction from analysts with some saying they are waiting for AI-powered upgrades to the models next year.Apple shares have strugged this year amid Wall Street consensus that its devices have been slow to catch up in the AI race. Apple’s (AAPL) iPhone 17 lineup went on sale Friday, with early sales of the devices in the U.S and the rest of…

Citi Downgrades Intuit Stock to ‘Sell’ 32 minutes ago Citi is not a believer in Intuit’s stock. Analysts at the bank downgraded the chipmaker’s shares to “sell” from “neutral,” because of “Intel’s valuation and our belief that the stock is pricing in success in its leading-edge foundry business, which we believe has minimal chance to succeed.” TradingView The analysts added that “INTC stock is up roughly 50% since early August on the Nvidia deal and speculation that a foundry deal is next. We disagree given our belief that Intel’s foundry is years behind [Taiwan Semiconductor Manufacturing Co. (TSM)].” Intel shares,…

When it comes to your retirement, is the One Big Beautiful Bill (OBBB) as beautiful as advertised? Maybe not.Beauty, as they say, is in the eye of the beholder. So are the details. When it comes to taxes, the details of the new law — and the overall cost — might not be what many people hope.This law came about like a shopper who walks into a store and says, “I’ll take everything” — then they figure out the cost later. You and I wouldn’t do that, nor would any other informed consumer. From just $107.88 $24.99 for Kiplinger Personal…

My best workout weeks are the ones when I write in my calendar what I’m going to do that morning. Monday is a 3-mile run. Tuesday is plyometrics. The point is that there is a plan, and if I write it down, I almost always follow it.The great irony of financial “plans” is that they are the only plan I have come across that isn’t actually a plan. In fact, a plan tells you, “Do this, then do that.”But most people don’t have a written financial plan that spells things out for them like that. From just $107.88 $24.99 for…

If you’re getting older, martial arts may not be on your radar as an activity you should take up. In fact, when most people think about how they want to spend their days in retirement, activities like golf or gardening are more likely to come to mind.Maybe that’s a mistake, though.In fact, research from Harvard suggests that opting for a Tai Chi class over more traditional exercises, such as walking or swimming, could be the best way to stay fit after 60. Here’s why. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed investor. CLICK FOR…