Author: Money Mechanics

Canadian searches for U.S. homes dropped off when the White House announced steep tariffs on Canadian goods in the spring. The decline is especially steep in West Palm Beach, FL, a popular second-home destination for snowbirds.  The number of Canadian Redfin.com users searching for homes to buy or rent in the U.S. dropped 19.5% year over year in August. For comparison, the total number of prospective buyers and renters searching on Redfin.com declined, too, but by a fraction of the amount.  The number of Canadians searching for U.S. homes started dropping significantly in February, when the White House implemented 25%…

A new iOS app called Awake, designed specifically for heavy sleepers who must complete missions to turn off their alarms, launched Monday. The app is only available to users with the iOS 26 update, which also came out on Monday.  Unlike traditional alarm clocks that can be silenced with a simple tap, Awake is intended to actively engage users’ brains to ensure they fully wake up. Once the alarm sounds, users must complete a series of interactive missions to turn it off.  These tasks include a variety of challenges, such as rotating the iPhone, completing a set of push-ups, or…

(World Oil) – MEG Energy Corp.’s board turned down Strathcona Resources Ltd.’s sweetened offer to buy the oil sands producer, recommending that shareholders stick with a rival offer from Cenovus Energy Inc. Source: MEG Energy Strathcona, controlled by former investment banker Adam Waterous, last week offered 0.8 of a share for each share of MEG, valuing the Calgary-based target at around C$7.6 billion ($5.5 billion), based on Friday’s closing price. The new offer is about 10% higher than Strathcona’s original takeover bid made in May and tops the price Cenovus agreed last month to pay for MEG. But it’s still…

 How are emerging technologies, such as AI, quantum or accelerate computing, transforming the demand on power infrastructure?The computational requirements of AI require significantly higher rack density, with more power intensive racks utilized inside the data center shell.  The combination of increased rack density and higher power loads per rack continues to drive data center power demand.  At the same time, power availability remains constrained, as grid interconnections becomes more challenging to secure and traditional turbines and other forms of critical power equipment remain in short supply.Driven by surging demand and the escalating power intensity of AI workloads, data centers are now…

Key Takeaways Market enthusiasm creates psychological biases that override rational analysis, leading investors to ignore the fundamentals of assets they’re investing in. Even the savviest traders have taken on massive losses when swept up in investment excitement. A crucial lesson from Benjamin Graham—the legendary investor who was a dear mentor to Warren Buffett—involves how different investing is from the other things we do: The very trait that drives success in most areas of life can wreck your financial future. “While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster,” Graham warned in…

Key Takeaways Buffett and Munger used financial data but prioritized understanding the actual business—its competitive advantages, management quality, and long-term prospects. They invested as if buying entire companies forever, not just trading stocks for short-term price moves or quarterly earnings. Warren Buffett and Charlie Munger built Berkshire Hathaway (BRK.A, BRK.B) into a massive empire by prioritizing a qualitative understanding of a business over complex financial modeling. While they certainly used financial ratios and other analytical tools, they didn’t let spreadsheets drive their investment decisions. Instead, these legendary investors focused on something many overlook: Deeply understanding how businesses actually work. This…

Key Takeaways According to Nuveen, 93% of workers want 401(k) plans to offer lifetime income options, but most don’t. Still, lifetime income can come from sources like Social Security, pensions, annuities, and thoughtfully planned withdrawal strategies using bonds, investments, or income-focused funds. A sustainable withdrawal strategy also involves thinking about spending needs and tax implications, as well as building a reliable income floor. You’ve spent decades building your nest egg, but how do you turn that lump sum into a paycheck that lasts? According to a 2025 Nuveen and TIAA Institute study, nearly all 401(k) participants (93%) say they want…

As America ages and income inequality deepens, concerns about retirement security are mounting. Getty ImagesAs America ages and income inequality deepens, concerns about retirement security are mounting. A growing body of research indicates that many Americans will not be able to sustain their standard of living once they leave the workforce and taxpayers will be on the hook for $1.3 trillion in increased spending by 2040 to assist Americans without sufficient retirement savings. Moreover, public opinion research finds 79 percent of Americans agree the nation faces a retirement crisis, while 55 percent are concerned that they cannot achieve financial security…

KEY TAKEAWAYS CoreWeave said Monday it has signed a $6.3 billion initial order with Nvidia with a condition that the AI chip star buys unsold capacity, sending shares in the cloud computing platform surging.As part of the deal, Nvidia is obligated to buy any unsold cloud-computing capacity through April 13, 2032, if CoreWeave’s data centers aren’t fully utilized by its own customers.Separately, on Monday, Deutsche Bank added CoreWeave to its Catalyst Call Buy Idea List, citing “a few positive factors” that will support revenue revisions upward over the next quarter or two. CoreWeave (CRWV) said Monday it has signed a…

Key Takeaways Elon Musk purchased some 2.57 million Tesla shares last week, sending the stock higher—and into positive territory for the year—in recent trading. The CEO’s investment was worth approximately $1 billion, according to regulatory filings.The move is seen as a sign Musk is more focused on Tesla and its move into artificial intelligence. Shares of Tesla surged Monday, lifted by the news that CEO Elon Musk purchased some $1 billion worth of the electric vehicle maker’s stock. Tesla’s (TSLA) shares were recently up some 5% to around $417, pulling back a bit from earlier prices above $425. The move…