Author: Money Mechanics

Key Takeaways A surge in tech stock stocks helped pushed the Dow, S&P 500, and Nasdaq to record highs in recent trading. Nvidia said it would invest $5 billion in Intel, sending shares of the embattled chipmaker soaring.Shares of Olive Garden parent Darden Restaurants slumped, after the company warned higher costs could hurt profits. Tech stocks surged in recent trading, pushing the Dow, S&P 500, and Nasdaq to record highs. Intel (INTC) was the best-performing stock in the S&P 500 after Nvidia said it would invest $5 billion in the struggling chipmaker, and the two agreed to co-develop new data center…

Key Takeaways With new grads entering a competitive labor market, law school applications have jumped more than 18% during the 2024 and 2025 admissions cycle compared with the year prior. Strong hiring rates for law graduates and a positive outlook for the profession might make law school more attractive. One expert notes that higher law school enrollment could eventually put pressure on the job market for lawyers. With college graduates struggling to find work due to a weakening labor market, some may be turning to law school instead. During the 2024-to-2025 law school admissions cycle, the number of applicants surged…

Budgeting for retirement is never an exact science. Sure, you can get a close estimate, but until you are in the throes of it, you really won’t know how much you need.Many factors contribute to your day-to-day spending, including your age. Retirement tends to play out in stages–from the early go-go days to the final no-go days, and so too will how you spend your retirement money.When it comes to what retirees are spending on, there are some key areas closely tracked by the government and economists. They include housing, transportation, food, health care, entertainment, insurance and apparel. Although these…

Key Takeaways A Realtor.com report found that home buying conditions in 2025 are likely to hit their peak during the week of Oct. 12-18.That’s when prices are expected to ebb, listings should reach a peak and buyers are expected to face less marketplace competition.Some locations could see prime buying conditions at different times, with New York City peaking earlier, while the best buying conditions in Miami aren’t expected until early December.  The housing market has been frozen for quite some time, but the best time of year to buy is coming. While the spring selling season has historically been the…

Key Takeaways The first dogecoin ETF launched today, adding a layer of seriousness to a crypto token created as a joke.The fund tracks dogecoin, a meme-based cryptocurrency created in 2013 as a lighthearted alternative to bitcoin. Elon Musk is among its more notable backers.The ETF arrives as investors have lately flocked to a range of new crypto- and crypto-linked assets, from IPOs to bitcoin and altcoin Treasury stocks and tokens. An exchange-traded fund that tracks a cryptocurrency created for the fun of it began trading today. The Rex-Osprey DOGE ETF, which uses the ticker symbol “DOJE,” now trades in U.S.…

Key Takeaways Bullish reported a second-quarter profit as sales and trading volume increased.The cryptocurrency platform backed by billionaire Peter Thiel reported net income of $108 million, compared with a loss of $116 million in the year-ago period. Shares of Bullish, which carried out its initial public offering last month, rose more than 10% on Thursday morning. Shares of Bullish (BLSH) surged Thursday after the cryptocurrency exchange backed by billionaire Peter Thiel reported that it posted a profit on higher sales and trading volume. Bullish, which also operates the CoinDesk crypto information site, reported second quarter net income of $108.3 million,…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldExxonMobil’s chief executive said the oil major has no plans to return to working in Russia, despite a political push by Moscow and Washington to link energy investments to a peace deal in Ukraine. Darren Woods told the Financial Times that Exxon executives are involved in discussions with Russian officials about recouping $4.6bn in assets expropriated by Moscow but not about investing in the country. He said the talks began in early 2023 shortly after the company filed an arbitration…

Pattern Group Inc PTRN IPO will take place September, 19 on the NASDAQ exchange under the ticker PTRN.The company is offering shares at an expected price between $13.00 and $15.00 per share with an insider lock-up period of 180 days ending on March 18, 2026.See also: Benzinga IPO CalendarAbout Pattern Group IncAt Pattern is a mission to help brands accelerate profitable growth on global ecommerce marketplaces. proprietary technology and on-demand experts operate across more than 60 marketplaces to increase product sales to consumers in more than 100 countries.See also: Benzinga’s Most Shorted StocksThis article was generated by Benzinga’s automated content…

As widely anticipated, the cut rates by 25 basis points on Wednesday, and its forecasts still favor two further rate cuts by the end of the year.Admittedly, the 50bp rate cut some had hoped for did not materialize, but last night’s Fed decision still marks the start of a rate-cutting cycle. What’s more, given Trump’s pressure for lower rates, the Fed is more likely to exceed market than disappoint them.Against this backdrop, healthcare stocks could prove to be wise bets. First of all, it’s worth noting that Health Care is the worst-performing sector in the S&P 500 this year, which…

Cryptocurrencies like Bitcoin and Ethereum have captured the attention of many investors, pundits, and even politicians. With such support, the asset class is now seen as a must-have for our digital future. But despite the promise, cryptocurrency investments remain as volatile as ever with large— price swings and the potential for heavy losses until paying for crypto becomes commonplace. So, it may come as a surprise that the volatile crypto market is making for strange bellows in the conservative municipal bond sector. State and local governments aren’t issuing bonds in Bitcoin. However, they are starting to use some of crypto’s…