Author: Money Mechanics

Key Takeaways Many financial experts recommend keeping three to six months’ living expenses in an emergency fund.Your personal circumstances can affect just how many months you might want to cover, such as if you freelance for a living or you’re single with no dependents.Consider shifting your contributions to retirement accounts after you have built an adequate emergency fund. It starts for many with that piggy bank a grandparent gave you for your third birthday. The saving habit became ingrained from there, and is one of the reasons personal savings in the U.S. added up to $1.01 trillion in January 2025,…

The tuition bill never ends: why education is the new rent of modern life in today’s longevity economy.gettyAs technology advances more quickly, careers last longer, and retirement extends over decades, education is no longer a one-time cost. It’s a lifelong investment to remain relevant.September brings the familiar rituals of back-to-school: sharpened pencils, okay, not pencils, but maybe a new stylus for a tablet, and tuition payments. But what if school never ends? What if education becomes the new rent? A new regular expense of professional life from high school graduation through retirement. Is school a bill you’ll pay for life?That’s…

Key Takeaways According to Guinness World Records, between 2021 and 2023 Elon Musk suffered the greatest loss of a personal fortune in history. His loss, which was on paper and due primarily to a drop in Tesla’s share price, amounted to nearly $200 billion. Since that time Musk has recouped his losses and is believed to be the world’s richest man by a considerable margin. Elon Musk is referred to as “the world’s richest man” so frequently that you might think he trademarked the phrase. But the South Africa-born billionaire also holds another distinction: the largest loss ever of a…

Did you know that Medicare fully covers many preventative screenings and vaccines for its beneficiaries?While Medicare is an essential health program, very few services are truly ‘free’ for beneficiaries. Most parts of Medicare have premiums, deductibles, or copayments. The main exception is certain preventive services covered by Part B, which are provided with no out-of-pocket cost if the provider accepts assignment.And don’t worry if you miss an answer, you can follow the links below the quiz to brush up on the different part of Medicare, what they cover and the costs. From just $107.88 $24.99 for Kiplinger Personal Finance Be…

Key Takeaways The S&P 500 and Nasdaq slipped from their record highs Tuesday as the Federal Reserve’s two-day meeting kicked off. Warner Bros. Discovery shares fell as the stock was downgraded by TD Cowan, citing concerns the stock could tumble if a takeover by Paramount Skydance isn’t carried out.Shares of Dave & Buster’s Entertainment also plunged after the arcade and restaurant chain missed profit and sales estimates. The S&P 500 and Nasdaq slipped from record highs Tuesday as the Federal Reserve’s two-day meeting kicked off. The Dow also edged lower. Warner Bros. Discovery (WBD) was the worst-performing stock in the S&P…

Imagine taking a five-hour flight, then following it up with a 24-hour flight without leaving the plane. Sound fun? Then China Eastern Airlines has a ticket to sell you—for a flight that would put you among the world’s most dogged long-range air travelers. The carrier recently put up for sale tickets for a trip between its home base, Shanghai, and Buenos Aires, Argentina, with flights beginning in early December. The airline will fly the routes twice weekly in each direction, with brief stops in Auckland, New Zealand, to let off and pick up passengers. (The legs between Shanghai and Auckland…

Key Takeaways Despite many Americans doubting the value of a college degree, the household income gap between college graduates and high school graduates has widened, with college degree holders earning more than twice as much: $132,700 compared to $58,410.The median lifetime return on a college education is 12.5%, beating long-term returns from stocks and bonds, according to research from the New York Federal Reserve.While sticker prices for college are high, most students receive grant aid which makes college more affordable than some may assume. Although many are skeptical of the value of a college education, in most cases, it still…

Key Takeaways Novo Nordisk said research on an experimental weight-loss drug that works differently than current ones produced positive results. Data showed those who took cagrilintide lost an average of 27.6 pounds over 68 weeks in the Phase 3 trial.Novo Nordisk will take the drug into a dedicated Phase 3 clinical program later this year. U.S.-listed shares of Novo Nordisk (NVO) gained after the drugmaker reported positive results from a late-stage study of a weight-loss drug that works differently than traditional GLP-1 inhibitors. The company said the Phase 3 trial of cagrilintide found patients taking it over 68 weeks had…

Concerns about sticky inflation, an uncertain employment situation and geopolitical unrest loom large in the big picture. But it’s important for investors to understand the stock market is still up in 2025. And a select group of multibagger stocks has delivered the kind of phenomenal returns you see in the hottest bull markets.If you’re unfamiliar with the jargon, “multibagger stocks” deliver profits at a multiple of your initial investment. Doubling your money is difficult enough. So when a stock delivers “3X” or “5X” profits – that’s three times or five times your original investment – it’s definitely something to be…

Adial Pharmaceuticals, Inc. ADIL on Tuesday received the final meeting minutes from its End of Phase 2 (EOP2) Meeting with the U.S. Food and Drug Administration (FDA) held in July.The minutes provide the FDA’s formal input into the AD04 Phase 3 adaptive clinical trial design and broader clinical development strategy.The objective for the EOP2 Meeting was to align with the FDA on the design of the Phase 3 clinical development program for AD04, the company’s lead investigational drug, a serotonin-3 receptor antagonist, being developed for the treatment of Alcohol Use Disorder (AUD) in individuals with heavy drinking and select genotypes.Read…