Author: Money Mechanics

soared today and it almost touched the $4,000 level, but miners already reversed. While it could be the case that gold keeps on rallying even up to $4,150, miners might move up by relatively little. The Fibonacci-extension-based (2.618) target based on the 2008-2011 rally was just reached, but the upper border of the rising trend channel was not. The former creates the lower border of gold’s upside target, and the latter its upper border. Can gold price really rally to $4,150 or so? Yes, however, given how extremely overbought gold is (much more than it was at its 2011 top),…

Savings for homebuyers Founded in 2015, Arrivva offers a flat $9,750 fee for buyers and $15,750 for sellers — regardless of the home price. That contrasts sharply with traditional commission structures, which typically collect around 2.5% per side of a transaction. On a $1 million home, that can mean $25,000 in agent fees. “The idea is that I do the same work for a $200,000 loan or a $9 million loan,” Glick said. “I’m not the partner of the buyer or the seller — I didn’t invest in the property. I’ve got nothing into it. So I came up with…

Key Takeaways Trump Accounts are essentially free money from the government for newborns: Babies born between 2025 and 2028 will get $1,000 automatically deposited into their account. But these accounts aren’t just for newborns. Families can contribute up to $5,000 annually for kids up to age 18. Though the rules aren’t settled yet, it’s possible that Trump Account balances will be convertible to Roth IRAs at age 18, which could result in tax-free savings for the child for life. How Trump Accounts Work The Trump Accounts created under the One Big Beautiful Bill Act (OBBBA) are government-funded investment accounts designed…

Key Takeaways Shares of Tesla are rising to start the week. Part of the reason could be anticipation regarding an event, expected tomorrow, at which some watchers believe news of a more affordable EV could arrive. Tesla was the best-performing stock in the Magnificent 7 in the third quarter. Tesla is kicking off the week with a bit of mystery. The company yesterday posted a short video on X depicting a spinning wheel and Tuesday’s date. It later shared another showing the headlights of a vehicle, details of which couldn’t be easily seen. Tesla (TSLA) didn’t respond to Investopedia’s request…

Key Takeaways Klarna shares received a “buy” or “outperform” rating from Deutsche Bank, Wedbush and Bank of America, which, respectively, gave shares a price target of $48, $50 and $51.The buy now, pay later firm is pursuing multiple avenues of growth and will likely benefit from broad consumer trends, such as the growth of e-commerce and digital wallets, analysts said. Buy Klarna stock, analysts say, and it will pay off later. Klarna (KLAR) shares, which closed Friday near $41, are poised to rise as the company’s business expands, analysts said. Deutsche Bank, Wedbush and Bank of America recently initiated coverage…

Key Takeaways Average credit card debt is highest among Generation X, according to the latest data from credit bureau Experian.Gen X is currently part of the so-called sandwich generation, as many are helping financially support both aging parents and children growing into adulthood.Credit card debt rose across every age group, and other recent surveys reveal that Americans are increasingly worried about their own levels of debt. Credit card debt is an increasing concern for millions of Americans, but which age group has the most credit card debt, and are you a part of it? According to data released last month…

Key Takeaways Shares of memory chip maker Micron Technology climbed to a fresh high to start the week, extending their recent rally.Morgan Stanley analysts upgraded the stock on expectations of AI-driven growth, while partner Advanced Micro Devices announced a massive deal with OpenAI Monday. Micron Technology’s (MU) stock has had a strong run in 2025 so far, and some Wall Street bulls say it’s set to move. higher, as AI-driven orders grow. The memory chip maker’s shares were up about 3% to around $193 in recent trading, extending their recent rally and putting them on track to top Friday’s closing…

Key Takeaways Bitcoin hit another record high Monday after surpassing the closely watched $125,000 level over the weekend for the first time ever.The cryptocurrency broke out from a two-month descending channel last week, potentially setting the stage for a continuation move to the upside.Bars pattern analysis forecasts a bullish move to around $160,000 that may play out over the next 12 weeks. Investors should watch major support levels on Bitcoin’s chart around $107,000, $92,000 and $74,000. Bitcoin (BTCUSD) hit another record Monday after climbing above the closely watched $125,000 level over the weekend for the first time ever. The largest…

If you noticed that you’re not earning as much on your savings accounts, you’re not alone. Lower savings and CD rates will likely continue.The Federal Reserve didn’t like the job numbers, prompting it to cut rates for the first time this year at its September meeting. They are expected to meet again later this month, with the markets anticipating another quarter-point rate cut.As you know, when the Fed cuts rates, the APYs on all savings accounts decrease. However, even with rate cuts, there are smart options to grow your money and stay ahead of inflation. From just $107.88 $24.99 for…

Any questions about the durability of the AI revolution can be set aside for today after Advanced Micro Devices (AMD) and ChatGPT operator OpenAI announced a deal to collaborate on the construction of AI data centers to be run on AMD chips.AMD stock soared as much as 37.6% Monday, and semiconductor stocks, as represented by the iShares Semiconductor ETF (SOXX), were up nearly 4%. Nvidia (NVDA) was down more than 1%, its dominant position in the ongoing AI infrastructure buildout somewhat undermined.AMD CEO Dr. Lisa Su said in a statement that the agreement will support “the world’s most ambitious AI…