Author: Money Mechanics

Marvell Levels to Watch as Stock Plunges After Earnings 43 minutes ago Marvell Technology (MRVL) shares plunged Friday after the chip designer issued a sales forecast below Wall Street’s expectations. The company said it expects third-quarter revenue of $2.06 billion, give or take 5%, with that figure slightly below analysts’ estimates. CEO Matthew Murphy said in the company’s earnings call that he expects data center sales to be flat on a sequential  basis, though he added that he anticipates stronger performance in the fourth quarter. Shares of Marvell were down 17% at around $64 in recent trading, and have lost more than 40% of their value…

Surrounded by the buzz of city living, it’s easy to overlook the more than 60 National Parks just a short drive away, no matter your location. Yet, with over 84 million acres of U.S. protected land, 63 National Parks, 84 National Monuments, 74 Historical Sites, 61 National Historical Parks, 31 National Memorials, and 12 more categories of protected sites, nature is always within reach.For retirees, the National Park system offers dozens of ways to stay active, regardless of your interests. From flat, scenic trails to convenient shuttle buses, most parks are designed with accessibility in mind, ensuring everyone can enjoy…

If you are a retiree in the market for a new car or truck and you have good credit, you’re in luck; you can leverage that to potentially score a deal.That doesn’t mean it will be easy — tariffs and higher interest rates are making it more costly to purchase a new vehicle — but it can be done this holiday weekend and beyond.“Retirees can absolutely leverage their strong credit to capitalize on Labor Day car sales,” says Carol Pope, senior writer for auto and personal loans at LendingTree. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter,…

Recent floods from Tropical Storm Debby have affected most of the east coast of the United States. Extensive damage to homes and property means that millions of people are working hard to recover from the storms. They are taking care of themselves, their families, friends, and neighbors—and their financial lives.How to recover and rebuild your financesFloodwaters can damage homes, autos, and other property. Floods and power outages can make it hard to locate important papers and information. Our tips can help you work with financial companies to handle problems before they cause more expenses.The guide helps you:Manage payments for your…

Sweeping changes are coming to student loans, courtesy of President Trump’s so-called “big beautiful bill.” Almost everyone with a federal loan for higher education will be affected — including the more than 9 million Americans older than age 50 with student loans — as well as families who will need to borrow in the future to cover college costs.The new rules, which kick in next July, reduce the number of payment plans available to families to repay college loans to a single option for parents and two for students, based on loan size or income.The amount families can borrow will…

Key Takeaways Marvell Technology shares plunged Friday after the chip designer issued a sales forecast below Wall Street’s expectations.The stock recently broke down below an uptrend line extending back to the April low before staging a retest of the indicator leading into the company’s quarterly results. Investors should watch critical support levels on Marvell’s chart around $62, $56, and $50, while also monitoring a vital overhead area near $78. Marvell Technology (MRVL) shares plunged Friday after the chip designer issued a sales forecast below Wall Street’s expectations. The company said it expects third-quarter revenue of $2.06 billion, give or take 5%,…

(World Oil)– ExxonMobil said net zero goals for the global energy sector are likely to drift further beyond 2050 due to consumers pushing back against high costs and a revival in demand for coal, the most polluting fossil fuel. Global emissions will fall by a quarter by 2050, far short of the more than two-thirds drop needed to meet Intergovernmental Panel on Climate Change targets, Exxon said in its Global Energy Outlook published Thursday. The emissions forecast for mid-century is almost 4% higher than the oil major saw last year, as more coal is used to back up intermittent power from…

Key Takeaways Caterpillar said tariffs would hurt results in both the current quarter and full year.The big equipment manufacturer expects tariffs to cost up to $600 million in the third quarter and $1.8 billion in 2025. Earlier this month, it said it expected 2025 net incremental tariffs around $1.3 billion to $1.5 billion.Caterpillar also lowered its previous outlook for full-year operating profit margin. Caterpillar (CAT) shares fell 3% Friday, a day after the maker of big farm and construction equipment warned tariffs would negatively impact its results by a greater amount the rest of the year. The company wrote in…

KEY TAKEAWAYS PepsiCo is leaning further into energy drinks, increasing its stake in Celsius Holdings to 11% in a $585 million deal.PepsiCo will distribute Celsius’ “female-focused” Alani Nu brand in the U.S. and Canada, while Celsius has bought the Rockstar Energy brand in the U.S. and Canada from the maker of Doritos and Pepsi soda.Celsius shares are rising in early trading Friday on the back of the PepsiCo stake purchase. PepsiCo (PEP) is leaning further into energy drinks, increasing its stake in Celsius Holdings (CELH) to 11% in a $585 million deal. The news sent shares of Celsius up 4% in…

Key Takeaways Petco Health + Wellness shares jumped on as the pet supplies retailer reported a surprise profit in the second quarter.Analysts had anticipated an earnings per share loss. Petco Health + Wellness raised its adjusted EBITDA guidance. Shares of Petco Health + Wellness (WOOF) were purring Friday, a day after the pet supplies retailer posted a surprise profit and raised its outlook as its turnaround plan produced benefits. The company reported second-quarter earnings per share of $0.05 while analysts surveyed by Visible Alpha were looking for a per-share loss of $0.03. Adjusted EBITDA of $113.9 million also topped forecasts.…