Author: Money Mechanics

Intel (INTC) shares advanced nearly 6% Monday when the struggling semiconductor manufacturer announced that it was lowering its outlook for full-year costs following the sale of a majority stake in its Altera programmable chip business. The company had disclosed the sale of 51% of Altera to private equity firm Silver Lake for approximately $3.3 billion in April, and the deal closed last Friday. Intel added that it would retain control of the remaining 49% of Altera.  Because of the infusion of cash, Intel now has a fiscal 2025 non-GAAP operating expenses target of $16.8 billion, down from its previous guidance…

Donald Trump is pushing the Securities and Exchange Commission (SEC) to eliminate quarterly corporate earnings reports, proposing instead a six-month reporting cycle.What Happened: Trump took to his Truth Social on Monday to argue that the current quarterly reporting system is detrimental to U.S. companies. He said the shift would save costs and free executives to focus on long-term growth, Trump contrasted U.S. short-term practices with China’s “50 to 100 year” business outlook, calling the current system “not good.”“This will save money, and allow managers to focus on properly running their companies,” wrote Trump.See Also: Dogecoin Pumped 20% And Bonk Hit 13%, But This…

Miniseries | E+ | Getty ImagesWho benefits the most from rent reporting servicesRent reporting services track a user’s rent payment history and report them to one or more of the three credit bureaus: Experian, Equifax and TransUnion.Sharing rent payment activity has shown to be beneficial for participants, especially those who are “credit invisible,” or do not have any credit history, experts say.Those who have enrolled typically see their credit scores increase. When rent payments are included in credit reports, consumers see an average growth of 60 points to their credit score, according to a 2021 TransUnion report.Rent reporting services can…

Tired of reading quarterly reports? President Donald Trump is paying attention to this matter. Trump on Monday morning wrote on Truth Social that he would prefer companies to be required twice a year, instead of quarterly. The notion, he says, is that fewer reports would mean more time for managers to run their companies—though it would inevitably also mean less regular disclosure about publicly traded companies—and less expense associated with compliance. “Companies and Corporations should no longer be forced to ‘Report’ on a quarterly basis (Quarterly Reporting!), but rather to Report on a ‘Six (6) Month Basis.’ This will save…

Key Takeaways Seed and pesticide maker Corteva is reportedly looking to split into two separate companies.The Wall Street Journal said the breakup could be announced soon.Separating the company could shield it from risks of potential lawsuits related to pesticides. Shares of Corteva (CTVA) gained in premarket trading Monday on a report that the manufacturer of crop seeds and pesticides is considering splitting itself in two. The Wall Street Journal reported that an announcement could come soon. Corteva was created in 2018 as the agricultural arm of then-recently merged DowDuPont, and became a separate company in 2019 as part of a…

U.S. stock futures rose in premarket trading on Monday ahead of this week’s interest rate decision from the Federal Reserve. Stock futures connected to the Dow Jones Industrial Average were up 0.3% in early trading on Monday, as were S&P 500 futures. Nasdaq 100 futures contract advanced 0.2%. The major stock indexes all posted gains last week, with the Nasdaq closing at a record high on Friday as investors bet lower interest rates are imminent. Wall Street is overwhelmingly confident that the Fed will lower borrowing costs for the first time this year when it concludes its two-day policy meeting…

KEY TAKEAWAYS U.S. President Donald Trump suggested that the U.S. and China appeared to have settled on the fate of TikTok, after saying that a deal was reached “on a ‘certain’ company that young people in our Country very much wanted to save.”The comments came hours after Treasury Secretary Scott Bessent said Washington and Beijing are close to resolving the issue around TikTok, which is facing a ban in the U.S. around its Chinese ownership.Bessent was speaking on the second day of trade talks between the U.S. and China and also said the U.S. won’t “sacrifice” its national security for…

Key Takeaways Elon Musk purchased some 2.57 million Tesla shares last week, sending the stock higher in early trading.The CEO’s investment was worth approximately $1 billion.The move is seen as a sign Musk is more focused on Tesla and its move into artificial intelligence. Tesla (TSLA) shares surged 8% in premarket trading Monday after it was revealed CEO Elon Musk purchased some $1 billion worth of the electric vehicle’s stock. A regulatory filing showed Musk made 25 separate purchases last Friday totaling approximately 2.57 million shares for prices ranging from about $372 to $396. The stock closed Friday at $395.94.…

Key Takeaways To calculate your spending in retirement, begin by making a spending plan listing all your expenses. Once you know your retirement expenses, you’ll have a good idea of how much you will need to spend each year. Consider use rules-of-thumb like the 80% rule or the 4% rule as guidelines for spending. However, these rules are merely guidelines and it’s important to personalize them based on your own financial situation—a financial advisor may be able to help. Establishing a spending plan in retirement will help you stay on track with your finances during your retirement years. Wondering how…

China said Monday that Nvidia (NVDA) violated anti-monopoly laws and that it would keep investigating the chip giant, putting the AI bellwether under pressure as Beijing and Washington continue trade talks. The announcement from China’s State Administration for Market Regulation followed a preliminary investigation into Nvidia’s acquisition of Israeli networking-gear maker Mellanox Technologies in 2000. The announcement was cited by Chinese state media.  Beijing gave the deal the go-ahead, with the proviso that China continues to receive supplies. Since then, however, the U.S. has deployed export controls to limit sales of high-end chips to the Asian country. President Donald Trump in…