Author: Money Mechanics

(World Oil)– Eni SpA gave financial approval to build a $7.2 billion floating liquefied natural gas project in Mozambique that will double the nation’s production of the fuel, adding to global supply just as a wave of new production hits later this decade. The Coral Norte project off Mozambique’s northern coastline will be able to produce 3.6 million tons of LNG a year and will use the same design as Coral Sul, which started exporting the fuel in 2022. “This is a commitment” that will make Mozambique the continent’s third-largest LNG producer after Nigeria and Angola, Eni Chief Executive Officer…

There are few things in this world that I enjoy more than observing my sons outshine their father. And I’m not just talking about outperforming me at their ages, 21 and 19; that would be an easy task, because at their ages, I was only excelling at what some of my teachers referred to as “untapped potential,” when they were kind, or “underachievement,” when they were honest.No, the younger is already smarter than I ever was or will be, and more importantly, he has such a heart for true Justice that I’m in awe. His elder brother, meanwhile, possesses a…

Emergency funds play a huge role in financial well-being.Vanguard research shows that setting aside $2,000 can boost your financial stability by 21%. If you add three to six months’ worth of expenses, you get another 13% bump, even after factoring in income, debt and other assets.An emergency fund is the money you set aside to cover unexpected expenses during unforeseen circumstances, such as a job loss, medical situations and house repairs. But if you’re oversaving for this fund, that can be a problem, unlikely as it might seem. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better…

Key Takeaways The price of bitcoin managed a new record above $125,000, setting a fresh high for the first time since August. Its price has retreated somewhat since. But a monthslong climb how has the market value of bitcoin equivalent to that of the biggest companies in the S&P 500. Bitcoin nabbed a new high. The leading cryptocurrency overnight touched a record, reaching all-time highs around $125,400 to top the old high-water mark, around $124,480, set in August. (It more recently traded closer to $123,000.) The latest moves have bitcoin’s total market value at about $2.45 trillion, according to CoinMarketCap,…

We recently published 10 Stocks With Eye-Popping Double-Digit Gains. Bitdeer Technologies Group (NASDAQ:BTDR) is one of the top performers on Friday. Shares of Bitdeer Technologies jumped by 10.28 percent on Friday to close at $19.42 apiece, as investor sentiment was influenced by the rally in Bitcoin prices and an overall market optimism for more rate cuts. As of writing, the price of Bitcoin was at $122,375, marking an increase of 9 percent from a week earlier and 1.62 percent from the previous day. Bitdeer (BTDR) Jumps 10% on Bitcoin Rally, Rate Cut Hopes Over the next few days, investors of…

After the and the announced their monetary policy decisions earlier this month, attention shifted to the Bank of Japan. As expected, the BOJ kept , but there were some surprises in its other decisions. The biggest was the plan to reduce its holdings in ETFs and REITs very gradually—over 100 years—to avoid sudden market shocks. The remains uncertain, especially against the US dollar, where the pair is still consolidating. Meanwhile, all eyes will be on , set to be released on the first Friday of October. The data could affect the Fed’s October decision. Governor Ueda Tones Down Market Sentiment…

The Texas Windstorm Insurance Association (TWIA) is now projecting that the amount of reinsurance and catastrophe bonds it may require for the 2026 wind season could be roughly 46% lower than this year’s program, with $2.3 billion of limit the current forecast.As we’ve been reporting, recent legislative changes enacted in Texas have halved the state mandated calculation for the amount of loss funding TWIA is required to have in place, from a 1-in-100 year minimum, down to a 1-in-50 year, which is expected to result in less reinsurance and catastrophe bonds being purchased in 2026. In our last article we…

AI-generated image for savings bond investor in chaos. Source: Perchance.org By David Enna, Tipswatch.com With the U.S. government on indefinite shutdown and the Treasury market showing signs of unease, the November 1 rate reset for the U.S. Series I Savings Bond is looking mighty unpredictable. It’s reasonable to ask: Will they call the whole thing off? Time will tell. Naturally, I would love to see a resolution to this shutdown crisis in the next week, well before crucial release of the September inflation report on October 15 at 8:30 a.m. If we get that report before the end of October,…

Weekly housing inventory data In recent years, our inventory data has grown steadily in August, but this year it hasn’t. I initially believed that we had not yet reached the peak of active inventory in 2025, but I’ve been proven wrong. Now we are entering the phase where inventory typically experiences its seasonal decline. What’s interesting is that inventory growth was excellent earlier this year, but I noted a change in housing dynamics starting in mid-June. Let’s connect the dots:– Our new listings data peaked on May 23, which is the earliest time frame in recent history to have that…

South Korea is world-famous for its blazing-fast internet, near-universal broadband coverage, and as a leader in digital innovation, hosting global tech brands like Hyundai, LG, and Samsung. But this very success has made the country a prime target for hackers and exposed how fragile its cybersecurity defenses remain.   The country is reeling from a string of high-profile hacks, affecting credit card companies, telecoms, tech startups, and government agencies, impacting vast swathes of the South Korean population. In each case, ministries and regulators appeared to scramble in parallel, sometimes deferring to one another rather than moving in unison.  Critics argue that…