Author: Money Mechanics

Key Takeaways Major U.S. equities indexes were mostly higher at midday Tuesday, after a flurry of corporate earnings reports.General Motors shares surged after the automaker reported better-than-expected earnings and boosted its outlook.Gold mining firm Newmont’s stock dropped along with the price of the precious metal. Major U.S. equities indexes were mostly higher at midday Tuesday, after a flurry of corporate earnings reports. The blue-chip Dow Jones Industrial Average and benchmark S&P 500 rose, while the tech-heavy Nasdaq wavered between gains and losses. General Motors (GM) shares soared to pace the S&P 500 after the automaker reported better-than-expected third-quarter results and boosted its 2025 outlook. Shares…

Key Takeaways Even if you have a high income, you might be poorer than you think if you have a low net worth, significant debt, no retirement savings, or live paycheck to paycheck.In 2024, the average American consumer was carrying $105,056 in consumer debt, and 20% of households earning over $150,000 per year lived paycheck to paycheck.Opening retirement accounts, reducing inflated spending, and paying down debt can help build true wealth, beyond just earning a high income. In the United States, the middle class covers a wide income bracket. Data from the Pew Research Center indicates that a middle class…

Key Takeaways Warner Bros. Discovery is evaluating options “in light of unsolicited interest the company has received from multiple parties,” the entertainment company said.Shares of Warner Bros. Discovery are up in Tuesday trading and have gained 90% for the year. Warner Bros. Discovery may be setting the stage for its next act. Shares of Warner Bros. Discovery (WBD) soared more than 10% Tuesday, putting them among the leading Nasdaq advancers, after the media and entertainment giant said it was initiating a strategic review amid interest from multiple suitors. Warner Bros. Discovery said its board had “initiated a review of strategic…

Key Takeaways According to Vanguard, a record 67% of plan participants used professionally managed investment accounts instead of managing their own portfolios. Vanguard data shows TDF investors and those in professionally managed accounts see narrower performance swings than DIY investors. TDFs also help savers avoid common investing mistakes thanks to automatic rebalancing and a more conservative investing approach as retirement nears. For the most disciplined 401(k) savers, success often comes from letting someone else make the investment calls. According to Vanguard, a record 67% of savers opted for a professionally managed investment portfolio last year. The payoff? Consistently narrower performance…

The grain futures markets showed impressive price gains late last week. December corn (ZCZ25) futures Friday hit a three-week high and for the week gained 9 1/2 cents. November soybeans (ZSX25) last week were up 12 3/4 cents. December soybean meal (ZMZ25) closed on Friday at a four-week high and for the week rose $6.00. December soft red winter wheat (ZWZ25) for the week was up 5 1/4 cents. December hard red winter wheat (KEZ25) futures last week gained 8 1/2 cents. www.barchart.com www.barchart.com www.barchart.com Friday’s technically bullish weekly high closes in December corn, November soybeans, December meal, and December…

As metals market April to October cycle inversion reaches its potential crescendo today, I invite savvy investors to consider joining me… On the short-term chart, has an interesting pattern. It could be a double top that targets the $4060-$3960 zone. It could also be a bullish rectangle that targets $4600. For further insight into the matter, the chart can be of assistance. As the bears take charge! A H&S top is evident, and the neckline has been broken. The technical target is about $46. The stunning daily chart for gold. A rare broadening top has formed on the RSI oscillator…

The newly launched Fortitude Carlyle Asia Reinsurance, Ltd. (FCA Re) reinsurance sidecar, a joint initiative between Fortitude Re and global investment firm Carlyle, has been capitalised with more than $700 million in deployable capital from a range of investors.Earlier today, the firms announced the creation of this new reinsurance sidecar structure to support business underwritten by Fortitude Re, marking the firm’s move toward using sidecar capital vehicles to strengthen and expand its operations. In that same article, it was also confirmed that Fortitude Re had worked with its key backers, Carlyle and T&D Holdings, the parent to Japanese insurance group…

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Roughly a decade ago, cryptocurrency began to show up in the residential real estate market. There were stories of the first bitcoin home sale, but really it was just people buying in the currency and then converting it back to dollars. Now crypto is being used more for leverage. Lenders…

As the entertainment industry reckons with when and how to use generative AI in filmmaking, Netflix is leaning in. In its quarterly earnings report released on Tuesday afternoon, Netflix wrote in its letter to investors that it is “very well positioned to effectively leverage ongoing advances in AI.” Netflix isn’t planning to use generative AI as the backbone of its content but believes the technology has potential as a tool to make creatives more efficient. “It takes a great artist to make something great,” Netflix CEO Ted Sarandos said on Tuesday’s earnings call. “AI can give creatives better tools to…

(Oil Price)– Reliance Industries, the top private refiner in India, has accelerated crude oil purchases from the Middle East, traders told Bloomberg on Tuesday, as the fate of Russian barrels going to India remains unclear. Reliance, which typically buys crude from the Middle East, has been more active than usual in procuring oil from the Gulf region in recent weeks. The refiner has bought at least 2.5 million barrels of crude from the Middle East recently, including Iraq’s Basrah Medium and Qatar’s Al-Shaheen and Qatar Land, according to Bloomberg’s sources. Reliance is the top Indian buyer of Russian crude, which it purchases…