Author: Money Mechanics

As America ages and income inequality deepens, concerns about retirement security are mounting. Getty ImagesAs America ages and income inequality deepens, concerns about retirement security are mounting. A growing body of research indicates that many Americans will not be able to sustain their standard of living once they leave the workforce and taxpayers will be on the hook for $1.3 trillion in increased spending by 2040 to assist Americans without sufficient retirement savings. Moreover, public opinion research finds 79 percent of Americans agree the nation faces a retirement crisis, while 55 percent are concerned that they cannot achieve financial security…

KEY TAKEAWAYS CoreWeave said Monday it has signed a $6.3 billion initial order with Nvidia with a condition that the AI chip star buys unsold capacity, sending shares in the cloud computing platform surging.As part of the deal, Nvidia is obligated to buy any unsold cloud-computing capacity through April 13, 2032, if CoreWeave’s data centers aren’t fully utilized by its own customers.Separately, on Monday, Deutsche Bank added CoreWeave to its Catalyst Call Buy Idea List, citing “a few positive factors” that will support revenue revisions upward over the next quarter or two. CoreWeave (CRWV) said Monday it has signed a…

Key Takeaways Elon Musk purchased some 2.57 million Tesla shares last week, sending the stock higher—and into positive territory for the year—in recent trading. The CEO’s investment was worth approximately $1 billion, according to regulatory filings.The move is seen as a sign Musk is more focused on Tesla and its move into artificial intelligence. Shares of Tesla surged Monday, lifted by the news that CEO Elon Musk purchased some $1 billion worth of the electric vehicle maker’s stock. Tesla’s (TSLA) shares were recently up some 5% to around $417, pulling back a bit from earlier prices above $425. The move…

Google parent Alphabet’s market value just reached a major milestone.  Its stock was up about 3% near $249 in recent trading, pushing Alphabet’s (GOOGL) market capitalization above $3 trillion, becoming the fourth company to do so.  The only others to have reached that level are Apple (AAPL), Microsoft (MSFT), and AI darling Nvidia (NVDA), which earlier this year became the first company to top $4 trillion.  Alphabet’s stock has gotten a boost this month after a federal judge ruled the tech giant doesn’t have to sell its Chrome browser to remedy an antitrust case, in a major legal win for…

Intel (INTC) shares advanced nearly 6% Monday when the struggling semiconductor manufacturer announced that it was lowering its outlook for full-year costs following the sale of a majority stake in its Altera programmable chip business. The company had disclosed the sale of 51% of Altera to private equity firm Silver Lake for approximately $3.3 billion in April, and the deal closed last Friday. Intel added that it would retain control of the remaining 49% of Altera.  Because of the infusion of cash, Intel now has a fiscal 2025 non-GAAP operating expenses target of $16.8 billion, down from its previous guidance…

Donald Trump is pushing the Securities and Exchange Commission (SEC) to eliminate quarterly corporate earnings reports, proposing instead a six-month reporting cycle.What Happened: Trump took to his Truth Social on Monday to argue that the current quarterly reporting system is detrimental to U.S. companies. He said the shift would save costs and free executives to focus on long-term growth, Trump contrasted U.S. short-term practices with China’s “50 to 100 year” business outlook, calling the current system “not good.”“This will save money, and allow managers to focus on properly running their companies,” wrote Trump.See Also: Dogecoin Pumped 20% And Bonk Hit 13%, But This…

Miniseries | E+ | Getty ImagesWho benefits the most from rent reporting servicesRent reporting services track a user’s rent payment history and report them to one or more of the three credit bureaus: Experian, Equifax and TransUnion.Sharing rent payment activity has shown to be beneficial for participants, especially those who are “credit invisible,” or do not have any credit history, experts say.Those who have enrolled typically see their credit scores increase. When rent payments are included in credit reports, consumers see an average growth of 60 points to their credit score, according to a 2021 TransUnion report.Rent reporting services can…

Tired of reading quarterly reports? President Donald Trump is paying attention to this matter. Trump on Monday morning wrote on Truth Social that he would prefer companies to be required twice a year, instead of quarterly. The notion, he says, is that fewer reports would mean more time for managers to run their companies—though it would inevitably also mean less regular disclosure about publicly traded companies—and less expense associated with compliance. “Companies and Corporations should no longer be forced to ‘Report’ on a quarterly basis (Quarterly Reporting!), but rather to Report on a ‘Six (6) Month Basis.’ This will save…

Key Takeaways Seed and pesticide maker Corteva is reportedly looking to split into two separate companies.The Wall Street Journal said the breakup could be announced soon.Separating the company could shield it from risks of potential lawsuits related to pesticides. Shares of Corteva (CTVA) gained in premarket trading Monday on a report that the manufacturer of crop seeds and pesticides is considering splitting itself in two. The Wall Street Journal reported that an announcement could come soon. Corteva was created in 2018 as the agricultural arm of then-recently merged DowDuPont, and became a separate company in 2019 as part of a…

U.S. stock futures rose in premarket trading on Monday ahead of this week’s interest rate decision from the Federal Reserve. Stock futures connected to the Dow Jones Industrial Average were up 0.3% in early trading on Monday, as were S&P 500 futures. Nasdaq 100 futures contract advanced 0.2%. The major stock indexes all posted gains last week, with the Nasdaq closing at a record high on Friday as investors bet lower interest rates are imminent. Wall Street is overwhelmingly confident that the Fed will lower borrowing costs for the first time this year when it concludes its two-day policy meeting…