Author: Money Mechanics

For the second year in a row, China (including Hong Kong) and India had the second- and third-highest number of billionaires with 516 and 205, respectively. India’s Mukesh Ambani was the 18th-richest billionaire with $92.5 billion, while TikTok co-founder Zhang Yiming of China was the 23rd-richest person with a net worth of $65.5 billion. A total of 288 new billionaires entered the list in 2025, including some famous names: Bruce Springsteen, with a net worth of $1.2 billionArnold Schwarzenegger, with a net worth of $1.1 billionJerry Seinfeld, with a net worth of $1.1 billion Forbes has been publishing its list…

Key Takeaways Millennials are surpassing their parents in retirement account participation. 401(k)s are a favorite retirement vehicle for millennials. The automatic enrollment option has significantly increased the number of 401(k) participants. Millennials face significant financial challenges, including child care costs, student loan debt, and rising housing costs. Millennials are diving headfirst into saving for retirement. In 2016, 59.3% of baby boomers held retirement savings accounts. By 2022, the boomer participation rate had dropped to 57%, while their millennial-aged children had surpassed them, with a participation rate of 61.5%.  Today’s workers have more retirement plan options than their predecessors. The 401(k)…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.If you can’t make it, buy it. Pfizer is following this principle with the zeal of a late convert.Having failed to bring its own experimental weight-loss pill danuglipron to market, the New York-based drugmaker announced a deal to buy Metsera, a biotech that specialises in next-generation obesity drugs, for as much as $7.3bn. For investors who have watched Pfizer’s market valuation plummet from a peak of more than $342bn in 2021 to just $141bn, any move is long overdue. Indeed, the drugmaker’s shares…

Institution APY Required Opening Deposit Minimum Balance Varo Bank 5.00% Any amount Any amount AdelFi 5.00% $25 Any amount HUSTL Digital Credit Union 4.80% Any amount Any amount Fitness Bank 4.75% $100 $100 Pibank 4.60% Any amount Any amount Vibrant Credit Union 4.50% Any amount Any amount Presidential Bank 4.50% $5,000 Any amount AlumniFi 4.50% Any amount $25,000 Axos Bank 4.46% Any amount $1,500 Zynlo Bank 4.40% Any amount Any amount OnPath Credit Union 4.40% $25,000 $25,000 Newtek Bank 4.35% Any amount Any amount Peak Bank 4.35% $100 Any amount It may be surprising to see so many top annual…

Kenvue Inc. (NYSE:KVUE) is included among the 10 Best NYSE Dividend Stocks to Buy. Kenvue’s (KVUE) Long-Term Value Creation and its Place in NYSE Dividend Stocks Kenvue Inc. (NYSE:KVUE) produces and sells consumer health products across several categories, including over-the-counter medicines, personal care, and wellness items. Its portfolio features well-known household brands such as Tylenol for pain and fever relief, Neutrogena for skin care, and Listerine for oral hygiene. Following its separation from Johnson & Johnson in 2023, Kenvue Inc. (NYSE:KVUE) has concentrated on using digital tools and consumer insights to strengthen brand relevance. At the same time, it is working…

Autonomous driving features on Tesla Inc TSLA vehicles may be good for the future of robotaxis, but might not be practical to pass driver’s tests as a Canadian teenager recently found out.TSLA stock is moving in positive territory. Track the latest developments here.What Happened: The Model Y has been the bestselling electric vehicle in the world for multiple years and having advanced driving features may be one of the many reasons why.It turns out that advanced driving features can cause a person to fail the road test as part of driver’s training.A Tesla owner in Ontario, Canada, let his daughter…

Fed’s 25bp rate cut boosts market confidence, but signals no new easing cycle yet. US dollar strengthens on resilient US economy; PCE inflation and tariff risks remain key. Technical levels show DXY support at 97.5–97.6, resistance near 98.5–100 range. Looking for actionable trade ideas to navigate the current market volatility? Subscribe here to unlock access to InvestingPro’s AI-selected stock winners. Global markets started the week with a fairly steady mood. In the US, all major stock indices hit new highs after the Federal Reserve by 25 basis points—the first cut since December. The move was widely expected. While the rate…

Volume, transaction sides RealTrends Verified ranks Anywhere Advisors — a division of Anywhere that operates the brokerage operations for company-owned offices of Coldwell Banker, Corcoran Group, and Sotheby’s International Realty — as the nation’s No. 2 brokerage by sales volume. (2024 data, excluding franchise results.) The firm recorded 246,728 closed transaction sides and $183.81 billion in sales volume, second only to Compass. Anywhere reported a year-over-year increase in revenue and net income for the second quarter of 2025 — citing cost savings, higher home prices and improved volume trends as key drivers. Q2 growth Anywhere added 13 new U.S. franchisees and three…

KEY TAKEAWAYS Shares of Tylenol maker Kenvue dropped Monday ahead of an anticipated report by the Trump administration linking pregnant women’s use of the painkiller to autism.President Trump said at a press conference with Health and Human Services Secretary Robert F. Kennedy Jr. that acetaminophen, the active ingredient in Tylenol, can lead to a higher risk of autism and advised pregnant women against using the medication.Kenvue said that scientific studies showed that there was no link between acetaminophen and autism. Shares of Tylenol maker Kenvue (KVUE) dropped Monday ahead of an anticipated report by the Trump administration linking pregnant women’s…

Key Takeaways Gold surged to a fresh record high on Monday after notching its first inflation-adjusted record since 1980 earlier this month.Gold prices have been boosted by several interconnected factors: geopolitical tensions, economic uncertainty, a weaker U.S. dollar, and the interest rate outlook.Veteran bond trader Jeffrey Gundlach last week forecast gold would reach $4,000 an ounce before the end of the year, and said a 25% allocation to the precious metal was “not excessive” given underlying trends. Gold prices climbed to a record high Monday, extending a blistering rally that experts don’t expect to end anytime soon. Gold futures surged…