Author: Money Mechanics

Key Takeaways StubHub shares ended their first trading session at $22.17, slightly below the $23.50 they sold for in the company’s initial public offering.The online ticket sales platform raised about $800 million, which CEO Eric Baker said would be used to pay down debt.StubHub’s deal was the latest to land in a busy IPO market, with recent listings including share sales by BNPL firm Klarna and Gemini, the crypto exchange owned by the Winklevoss twins. StubHub shares finished their first trading session Wednesday below their IPO price. The ticket trading platform announced Tuesday the sale of 34 million shares at…

Pay attention to the details when making your Medicare decisions.gettyWhen choosing between Original Medicare and Medicare Advantage (MA) Plans, you’ll want to be aware of three potential traps for uninformed retirees that can impact your health, longevity, and wallet. Understanding—and avoiding—these traps can help you make the best election for your health insurance coverage needs during Medicare’s upcoming Annual Enrollment Period that lasts from October 15 to December 7. ForbesUnderstand The Key Differences Between Original Medicare And Medicare AdvantageBy Steve VernonTrap #1: Don’t Just Compare The Total Monthly PremiumsWhen comparing Medicare Advantage Plans with Original Medicare (and the related premiums…

Key Takeaways The Fed cut its benchmark rate by a quarter point today—its first reduction of 2025 after holding steady through five meetings. The Fed’s rate impacts what banks and credit unions pay on deposit accounts—so the rate reduction is set to nudge savings, money market, and CD rates lower. The Fed also released its quarterly projection, with a median forecast of another 0.50 percentage points in cuts by year-end. Savings and CD yields will drift lower gradually, but will remain historically strong compared with much of the past decade. Savers can earn stand-out returns with one of today’s best…

Markets fastidiously try to gauge what the Federal Reserve will do with interest rates, but central bank officials’ projections released Wednesday show even they aren’t sure what’s coming next. Fed officials agree on the economic outlook—moderate growth, stable unemployment, and slowing inflation—and the general need to lower rates. However, they are split on how aggressive those rate cuts should be, with some foreseeing a need for more cuts than others. “Policymakers continue to disagree fervently on the merits of further easing, setting the stage for knife-edge votes at the final two meetings of this year,” Samuel Tombs, chief U.S. economist…

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.The writer is professor of law at Penn StateWe don’t know the future, nor how artificial intelligence will affect it. Some believe AI will lead to explosive economic growth, others are convinced it will immiserate all but a select few, while some aver that its economic impact will be marginal. So how do legislators do their job under such uncertainty? Currently they don’t. They have abrogated their responsibilities to promote the health, safety and welfare of voters through inaction, adopting a wait-and-see…

Key Takeaways Fed Chair Jerome Powell said the Federal Reserve is not guaranteed to repeat Wednesday’s interest-rate cut.The Fed is caught between its missions to keep inflation low and employment high, and both are moving in the wrong direction.Powell said the Fed would cut rates further only if economic data indicated that was the right move, brushing off questions about the political pressure the central bank is under to cut rates. The Federal Reserve may have lowered borrowing costs a tiny bit on Wednesday, but don’t count on more rate cuts in the months ahead.That was the message from Federal…

All three main U.S. stock market indexes spiked after the Federal Open Market Committee announced a 25 basis point cut to the target range for the federal funds rate, but quickly fell back into their intraday ranges and closed mixed.Factors other than monetary policy figured into a relatively stable trading session, as the world’s most important stock suffered another trade war blow.As was nearly 100% certain heading into the announcement, the FOMC cut interest rates by a quarter point to a range of 4.00% to 4.25%. Its Summary of Economic Projections – or “dot plot” – reflects a similar move…

In this article, we will be taking a look at the 12 Cheap Healthcare Stocks to Buy Now. Pfizer Inc. is one of them. Pfizer Inc. (NYSE:PFE), a global pharmaceutical leader, continues to advance innovative medicines and vaccines across oncology, immunology, rare diseases, and more. The company gained worldwide recognition for its COVID-19 vaccine developed with BioNTech, a major contributor to pandemic response efforts. A key recent development is the positive Phase 3 topline data for Pfizer Inc. (NYSE:PFE)’s LP.8.1-adapted COVID-19 vaccine 2025-2026 formula, announced on September 7, 2025. The updated vaccine demonstrated at least a four-fold increase in neutralizing antibody…

NVIDIA Corporation NVDA shares are trading lower Wednesday after China reportedly banned its leading technology companies from procuring the company’s artificial intelligence (AI) chips.What To Know: The Cyberspace Administration of China has directed major firms, including ByteDance and Alibaba, to halt testing and orders of Nvidia’s RTX Pro 6000D. The chip was designed specifically for the Chinese market but is now restricted under the new guidance.The directive also applies to Nvidia’s H20, another chip widely used for AI in China. Regulators said domestic semiconductors have reached performance levels comparable to Nvidia’s offerings in the Chinese market.Following the announcement, companies instructed…

Henry Hub prices stabilized near $3 after testing annual lows above $2.60 per MMBtu. Weather-driven cooling demand supports gas consumption, while rapid storage injections limit price spikes. Key resistance sits at $3.20, with potential upside to $3.60 and support near $2.90–$2.60. Looking for actionable trade ideas to navigate the current market volatility? Subscribe here to unlock access to InvestingPro’s AI-selected stock winners. After hitting this year’s lows just above $2.60 per MMBtu, Henry Hub prices have stabilized around the $3 mark. Higher demand for cooling due to weather is supporting prices, but this is balanced by growing storage surpluses in…