Author: Money Mechanics

Kerry Wan/ZDNETAlthough the OnePlus 12 hasn’t been the company’s flagship model for a while now, it remains a solid device. The phone boasts top-notch performance from its Snapdragon 8 Gen 3 Mobile Platform and incredibly fast charging speeds. It’s a more affordable alternative to the OnePlus 13, and now is a great time to buy one because the device is still on sale. Over at Best Buy, you can buy the 512GB OnePlus 12 in Silky Black for $600 — a $300 discount. The Flowy Emerald (green) option is no longer available, and neither is the 256GB model. It’s just the one…

Key Takeaways Oracle agreed to buy 50,000 GPUs from Advanced Micro Devices to build out its artificial intelligence capacity. Oracle said its initial deployment of those chips will begin in the third quarter of 2026, with more expected after that. Advanced Micro Devices just racked up another major AI deal, with signs of more to come. Cloud computing giant Oracle (ORCL) said Tuesday that it agreed to buy 50,000 GPUs from AMD (AMD) to build out its capacity to help customers scale their use of AI. Oracle said its initial deployment of those chips would start in the third quarter of…

(BOE Report)– Federal Reserve Governor Michelle Bowman on Tuesday said she continues to anticipate that the U.S. central bank will deliver interest rate cuts at its final two policy meetings of 2025. “I continue to see two more cuts before the end of this year,” Bowman said at an event in Washington. The Fed last month cut its benchmark interest rate by a quarter of a percentage point to the 4.00%-4.25% range, its first reduction in borrowing costs since last December. Projections released alongside its recent policy decision showed a slight majority of policymakers see more rate cuts this year…

Key Takeaways Andrew Ross Sorkin, the founder and editor of the New York Times’ DealBook and a CNBC host, warns that today’s stock market speculation mirrors the conditions of 1929 before the market crash and subsequent Great Depression. Sorkin warned that it’s not a question of if but when and how severe the coming crash will be. After spending almost a decade studying the 1929 crash, Sorkin has a warning: it’s happening again. Now, the bestselling author of Too Big to Fail, an account of the government interventions needed to get the economy back on its feet after the Great…

Key Takeaways Nvidia and other chip stocks lost ground Tuesday, weighing on the major indexes amid worries about U.S.-China trade tensions.Wells Fargo shares surged after the bank posted better-than-expected profits. Trade tensions and signs of stiffening competition weighed on a number of stocks in the AI space Tuesday. Meanwhile, stronger-than-expected quarterly profits helped lift shares of a large bank. The Dow finished 0.4% higher, but the S&P 500 lost 0.2% and the tech-heavy Nasdaq dropped 0.8% as tech-sector losses dragged on the major indexes. See here for more market coverage from Investopedia. AI darling Nvidia (NVDA) and other semiconductor stocks…

For many newcomers, the world of investing is vast and overwhelming. There seems to be a lot at stake, and it can be especially hard to keep track of best practices when one’s goals, income, and risk tolerance change over time. Fortunately, some of the most effective investing practices are also among the most straightforward. Most potential investors can benefit from a passive approach: sticking with age-appropriate, diversified strategies that adjust over time to match shifts in income, spending, and goals. With minimal effort, everyday investors can adjust their asset mixes over time to ensure the smoothest possible path toward…

Key Takeaways Median household income ranges from $49,073 for those 75 and older to $91,878 for those ages 45 to 54, Fed data show.Income typically peaks for households aged 45 to 54, then declines after 65, while younger groups earn less.Small, steady moves—like side gigs, new skills, and disciplined saving—can strengthen financial health at any stage of life. Household income can vary dramatically by age group in the United States. According to the most recent Federal Reserve data, younger households tend to earn less, while earnings plateau for older Americans. Knowing where you stand can help you understand your financial…

Key Takeaways Federal Reserve officials have voiced differing opinions about how the central bank should set interest rates in the coming months, with some favoring steep rate cuts and others advocating a more cautious approach.The Fed’s next moves aren’t obvious because its dual mandate to keep inflation low and employment high is pulling its monetary policy in opposite directions. Officials at the Federal Reserve are divided about how to set the central bank’s key interest rate in the coming months, and may not get the data they need to settle their differences anytime soon.As evidenced in recent speeches and the…

Key Takeaways The strength of the U.S. dollar makes Argentina, South Korea, Japan, Turkey, and South Africa prime locations for travelers looking to stretch their budgets. You can enjoy a full day’s worth of activities on just $40-$60 in some of these countries. Plus, with the right credit card, you may be able to stretch your dollars even further by paying zero foreign transaction fees. Travel can be surprisingly affordable these days—you’ll find cheaper rooms, meals and transit in many places. The U.S. dollar is strong against several foreign currencies right now. A strong dollar means each U.S. dollar buys…

The signing of heads of agreement last week between U.S. energy supermajor ExxonMobil and Iraq’s Oil Ministry is perhaps the most significant of the recent deals between firms from the West and Baghdad. It is true that several others have been with similarly-high-powered global energy giants – including Chevron, BP, and TotalEnergies – and have involved multi-billion-dollar deals. But it is also the case that ExxonMobil’s exit from Iraq a few years ago was the most high-profile exit of any Western firm during that era for two reasons. First, it involved the withdrawal from two of Iraq’s most crucial developments:…