Author: Money Mechanics

The main indexes made modest moves Friday as market participants looked ahead to next week’s key Fed meeting.The central bank is widely expected to resume rate cuts following a string of weak jobs data – and Wall Street will be tuned into the Summary of Economic Projections (SEP) to see where the Fed expects the interest rates to be by year’s end.The Federal Reserve’s September meeting will conclude this Wednesday afternoon at 2 pm Eastern Standard Time with its latest policy announcement. According to CME FedWatch, futures traders are currently pricing in a 95% probability that the central bank will…

Sysco Corporation (SYY), headquartered in Houston, Texas, is a prominent player in the global foodservice distribution industry. The company provides a wide range of food products, kitchen supplies, and cleaning solutions to restaurants, hospitals, schools, and other institutions involved in meal preparation. With a market capitalization of $39.19 billion, Sysco is considered a “large cap” stock. Through an extensive distribution network, Sysco ensures the timely and efficient delivery of goods to its diverse customer base. The company’s strong logistics capabilities and focus on customer service have helped it maintain a leading position in the market. As a consumer defensive giant, Sysco…

In the last three months, 16 analysts have published ratings on Molson Coors Beverage TAP, offering a diverse range of perspectives from bullish to bearish.The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 3 10 1 0 Last 30D 0 0 0 1 0 1M Ago 0 0 0 0 0 2M Ago 2 2 7 0 0 3M Ago 0 1 3 0 0 Analysts’ evaluations of 12-month price targets offer…

Waters’ letter to Hill — which was co-led with Rep. Juan Vargas (D-Calif.) and signed by more than a dozen Democratic members of Congress — urged the chair to “convene a full Committee hearing on how President Trump’s unlawful and damaging attacks have undermined the Federal Reserve’s independence and threatened executive control of monetary policy.” The letter calls for the maintenance of the Fed’s independence and speaks to the strict limits set by Congress on removing Fed governors. Waters’ letter follows Trump’s recent attempt to remove Federal Reserve Governor Lisa Cook from her position over allegations of mortgage fraud, an…

Some tasks are easier than others when helping clients execute a financial plan. From my experience, estate planning is often the hardest. The possibility of death or disability is not something we think of as imminent, and it can be hard to wrap your head around a worst-case scenario mentally. According to a recent survey by Caring.com, only one in four Americans has a will in place, a decline from 33% of respondents in 2022. Below, I share how I help clients take action to complete their estate plan. Key Takeaways The hardest part of estate planning is often deciding…

(Investing) – The European Union could phase out Russian gas within six to 12 months by replacing it with U.S. liquefied natural gas, and the United States communicated this position to EU officials this week, U.S. energy secretary Chris Wright told Reuters on Friday. Wright was speaking in Brussels, where he met EU energy commissioner Dan Jorgensen on Thursday as the U.S. ramps up pressure on Europe to cut off Moscow’s energy revenue, seeking to end the war in Ukraine. The EU is negotiating legal proposals to phase out imports of Russian oil and gas by January 2028, with a…

Shares of Gemini (GEMI) popped on their trading debut, then gave up some ground. The crypto exchange’s stock, which opened at $37—well above its $28 IPO price—recently traded around $36, off earlier highs near $46. Twin brothers Tyler and Cameron Winklevoss, the company’s founders, rang the opening bell at the Nasdaq in New York City Friday wearing t-shirts picturing a rocket in space. Gemini, founded in 2014, set its IPO price overnight, arriving above an already-boosted expected range of $24 to $26. The company, officially known as Gemini Space Station, sold 15.1 million Class A shares, fewer than previously expected,…

Key Takeaways U.S. equities were mixed at midday a day after the Dow Jones Industrial Average, S&P 500, and Nasdaq hit record highs on optimism about Federal Reserve interest-rate cuts.Warner Bros. Discovery and Paramount Skydance shares jumped for a second straight day on reports that Paramount is preparing a bid to buy its media rival.RH blamed tariffs for missing profit and sales estimates, and the upscale furniture and home accessories retailer cut its guidance. U.S. equities were mixed and little changed at midday after all three major indexes set all-time highs yesterday on optimism about Federal Reserve interest-rate cuts. The…

Key Takeaways Treasury Department data showed that the U.S. brought in $30 billion in tariff revenues in August, up sharply from the $7 billion collected in August 2024, before President Trump instituted his sweeping tariff regime.For the year, tariff revenues are $95 billion higher than 2024 levels.Treasury Secretary Scott Bessent said that a court ruling against the tariffs could force the government to issue refunds. Revenue from President Donald Trump’s tariffs jumped in August, but it’s not clear if the federal government will be able to keep the funds, as a court case challenges whether the president’s tariff policies are…

When your spouse passes away, this can be a very trying and confusing time. Let’s make dealing with Social Security the least of your worries. When a spouse passes, Social Security will be notified by the funeral home. You need to call (1-800-772-1213) or make an appointment with Social Security to see if you are eligible for the survivor’s benefit. You cannot file for this benefit online. There is a $255 lump-sum death benefit available to the current spouse living with the deceased spouse at the time. You have 2 years from the date of death to apply for this…