Author: Money Mechanics

The desire of older adults to stay in their current communities as they age has been well-documented by AARP. A 2024 survey found that 73% of adults age 50 and older expressed a desire to stay in their local communities. “Social connections, local amenities, and access to services such as doctors are vital for older adults, but all of that can be lost with a move to a new community,” AARP reported. “Fifty-six percent of older adults that responded to the AARP survey said that it is extremely or very important that their community provide a range of housing options that can…

Meta is partnering with Midjourney to license the startup’s AI image and video generation technology, Meta Chief AI Officer Alexandr Wang announced Friday in a post on Threads. Wang says Meta’s research teams will collaborate with Midjourney to bring its technology into future AI models and products. “To ensure Meta is able to deliver the best possible products for people it will require taking an all-of-the-above approach,” Wang said. “This means world-class talent, ambitious compute roadmap, and working with the best players across the industry.” The Midjourney partnership could help Meta develop products that compete with industry-leading AI image and…

A clock of the Swiss national train operator SBB is seen on September 22, 2012 at the railway station in Bern. Train operator SBB said it is to meet Apple representatives after the tech giant used without agreement its famous clock design on one of its new apps iOS 6. AFP PHOTO / FABRICE COFFRINI (Photo by Fabrice COFFRINI / AFP) (Photo credit should read FABRICE COFFRINI/AFP via Getty Images)AFP via Getty Images In retirement, many of us have time to slow down and the freedom and flexibility to make our own decisions. Yet, we can find ourselves busier than…

In times of great geopolitical and economic uncertainty — like the one we’re living in — wealthy individuals and families have strategies to protect and diversify their assets.Many asset management groups, private banks and multifamily offices are reporting a notable spike in interest among clients looking to set up banking and investment accounts in “safe haven” jurisdictions such as Switzerland.Whether clients are motivated by portfolio diversification, geopolitical anxiety or simply personal ties abroad, international estate planning raises complex legal and tax considerations that should be addressed well in advance of any cross-border moves. Subscribe to Kiplinger’s Personal Finance Be a…

Liquidity options play an essential role in every investor’s portfolio. They allow investors to access capital quickly without having to prematurely liquidate assets or derail their long-term investment strategies.This flexibility can be incredibly helpful when business opportunities arise or family members need support. Liquidity options can also offer tax and estate planning advantages — helpful for those looking to minimize capital gains and pass on wealth.As with any financial strategy, it’s essential to understand the ins and outs before putting the plan in motion. Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Save up to 74% Sign…

Key Takeaways At least 35% of workers who might have purchased a car or a house are delaying or canceling those plans instead, a new Redfin survey found.The reason is heightened job insecurity, driven by concerns about company performance tariffs, and AI, Redfin said.Some 37% of workers said they’re more fearful about their job security today than they were six months ago.Consumers are prioritizing maintaining flexibility over making major purchases, one certified financial planner told Investopedia. People who might normally have bought a new car or put down an offer on a house are instead delaying those plans, or canceling…

What is a redress payment, and who is sending it?A redress payment compensates a consumer who has been wronged.The Consumer Financial Protection Bureau is a U.S. government agency dedicated to making sure you’re treated fairly by banks, lenders, and other financial institutions. When we enforce the law, we or a court may order the company or person to take action to correct the harm caused to consumers. This can include requiring the company or person to compensate its victims through redress payments.These payments may be distributed directly by the company, through the CFPB’s Civil Penalty Fund, or by a payments…

The 2025 stock market has been a rollercoaster with more uncertainty on the horizon. Rebalancing your portfolio to include more fixed-income assets, which pay ongoing interest or dividends, can help reduce losses during a future downturn. “If you held on through the spring and into the summer rebound, you likely haven’t lost money and have a freebie to revisit,” says David Rosenstrock, a financial planner with Wharton Wealth Planning in New York City.With fixed-income investments, such as bonds, you put up your money for a specified period and receive interest income during that time, just like making a loan. They…

(World Oil) – ConocoPhillips has signed a long-term sales and purchase agreement (SPA) to purchase 4 million tonnes per annum (MMtpa) of liquefied natural gas (LNG) from the Port Arthur LNG Phase 2 project under development by Sempra Infrastructure. Under the agreement, ConocoPhillips will offtake LNG over a 20-year term on a free-on-board basis, supporting the company’s ability to reliably deliver natural gas to customers in key global markets. “ConocoPhillips is pleased to extend our partnership with Sempra Infrastructure to Port Arthur LNG Phase 2, where we will be a major offtaker,” said Ryan Lance, chairman and CEO of ConocoPhillips. “This…

Intel (INTC) shares surged Friday, as President Trump said the U.S. government struck a deal giving it a 10% stake in the struggling chipmaker. “This is a great Deal for America and, also, a great Deal for INTEL,” Trump posted on his Truth Social network Friday. “Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation,” Trump added. The passive ownership stake, which is worth approximately $11.1 billion, is being funded by a combination of paid and not yet paid CHIPS Act awards, Intel said in a statement. “President Trump’s focus…