Author: Money Mechanics

Gold edges higher near 4,257 Momentum indicators caution for overbought conditions Gold is attempting to find its footing above 4,250, building an intraday uptick following a pullback from its record peak of 4,380 set on Friday, triggered by easing US-China trade tensions. That said, persistent geopolitical risks, Fed rate cut expectations, and the ongoing US government shutdown continue to act as tailwinds for the precious metal. A subsequent move higher is likely to face strong resistance at the October 16 peak of 4,330, followed by the all-time high of 4,380. Beyond that, momentum could extend into uncharted territory, targeting the 4,450 psychological level. The technical indicators reflect strong bullish sentiment, with the…

Key Takeaways The average 401(k) balance for people in their 60s was $568,040 in June 2025. The median amount saved was much lower, at $188,792. How much you need to have saved for retirement will depend on your lifestyle and annual spending expectations. One rule of thumb is to save eight times your annual preretirement income by age 60. You can boost your savings by downsizing now instead of in retirement, taking advantage of higher catch-up contributions in your 60s, and reallocating assets to prioritize growth. When you hit your 60s and retirement is right around the corner, you might…

​Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the Hot Growth Stocks to Invest in Now. Rigetti Computing, Inc. (NASDAQ:RGTI) has surged by more than 20% since October 13, when JP Morgan announced to invest $1.5 trillion in the United States over the next decade. The list of critical industries mentioned by the bank also included quantum computing, thereby taking the stock to an all-time high. ​The company is making strides in the quantum computing space, as earlier on September 30, Rigetti Computing, Inc. (NASDAQ:RGTI) announced securing purchase orders for two quantum computing systems worth around $5.7 million. As per the…

Integral ILS Ltd., an independent alternative investment manager focused on natural catastrophe insurance and reinsurance investments, has appointed Kenny Walsh in Bermuda, who joins the organisation as a Financial Controller.Walsh was most recently working at Artex Risk Solutions, a Bermuda-based firm that specialises in risk management and alternative risk solutions, where he served as Vice President, Fund Accounting for over two years. In that role and given Artex’s position as a key service provider and facilitator to the insurance-linked securities (ILS) market, Walsh will have worked with numerous ILS fund managers as an outsourced fund accounting and administration specialist. Now,…

Shoppers in Walnut Creek, California, US, on Tuesday, Oct. 7, 2025. David Paul Morris | Bloomberg | Getty ImagesPresident Donald Trump’s tariffs are pushing inflation generally higher as companies are caught between absorbing the costs or passing them onto customers, according to a Federal Reserve report Wednesday.The central bank’s periodic Beige Book report, published eight times a year generally at about six-week intervals, categorized overall economic growth as having “changed little” since the last report on Sept. 3. Labor markets “were largely stable” as demand was “muted” for most of the Fed’s 12 districts.When it came to prices, though, Trump’s…

ZDNET’s key takeaways The Acer Aspire Go 15 is available for around $299 across major retailers. For an affordable price, the Acer Aspire Go 15 is a capable laptop for everyday use with a decent battery. As with most devices in this price range, the laptop’s limitations become apparent with heavy workloads. Follow ZDNET: Add us as a preferred source on Google.Not everyone needs a decked-out laptop with expensive hardware. For users seeking an affordable laptop that’s good enough for everyday use, the Acer Aspire Go 15 — a more recent addition to Acer’s budget laptop line — fills that niche well.…

(BOE Report)– Cenovus Energy bought more shares in MEG Energy, raising its stakes to 9.8% in the Canadian oil sand company.     This follows Cenovus’s Tuesday purchase of 21.7 million shares, strengthening its position to acquire one of Canada’s last large pure-play oil sands companies ahead of the October 22 shareholder vote. Earlier this month, Cenovus increased its bid by C$2.35 to C$29.80 per share to acquire MEG, stating it as their “best and final” offer. Strathcona Resources abandoned its takeover bid for MEG following Cenovus’ latest offer, ending a month-long battle for Canada’s oil sands company. While the MEG board has…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldIt’s hard to see the US-China conflict over rare earth minerals as anything other than shadow boxing. The implications of the fight are very real. China’s export controls on the sector and ringfencing of critical minerals — which are needed for everything from semiconductors and electric vehicles to smartphones and fighter jets — is a big hit to the US. But the shock both sides profess to have about the situation is pure theatre.US Treasury secretary Scott Bessent said last…

Trump tariff news, U.S. inflation data, and Tesla earnings will be in focus this week. Netflix is expected to showcase strong earnings growth from its advertising and content initiatives, making it an attractive buy. American Airlines is a sell with multiple headwinds likely to result in disappointing results and substantially reduced forward guidance. Looking for actionable trade ideas? Subscribe now to unlock access to InvestingPro’s AI-selected stock winners! U.S. stocks ended higher on Friday, after President Donald Trump made positive remarks on China and signaled a meeting with President Xi Jinping is likely at the end of the month, while…

“Hoisted by their own GPTards.” That’s how Meta’s Chief AI Scientist Yann LeCun described the blowback after OpenAI researchers did a victory lap over GPT-5’s supposed math breakthroughs. Google DeepMind CEO Demis Hassabis added, “this is embarrassing.” The Decoder reports that in a since-deleted tweet, OpenAI VP Kevin Weil declared that “GPT-5 found solutions to 10 (!) previously unsolved Erdős problems and made progress on 11 others.” (“Erdős problems” are famous conjectures posed by mathematician Paul Erdős.) However, mathematician Thomas Bloom, who maintains the Erdos Problems website, said Weil’s post was “a dramatic misrepresentation” — while these problems were indeed…