Author: Money Mechanics

A Florida judge on Tuesday dismissed a lawsuit filed against embattled HR and payroll provider Deel. And while Deel described this as a “Rippling-aligned” and “Rippling-supported” lawsuit, this is not the infamous lawsuit filed by its rival earlier this year that involved an alleged corporate spy. Rippling CEO Parker Conrad even went so far as to write “This litigation has nothing to do with Rippling, we are not a party to it, did not fund it,” in a tweet. (Rippling representatives declined further comment.) Still, this is some good news for Deel. In January, a lawsuit was filed in Florida…

Aging solo is a result of many factors. Some solo agers are widowed, or never married. Some have lost a long-time partner. Some have no kids, and some are estranged from their adult children. Some are not estranged from kids, but they have no reliable family at all, as their kids are incapable of helping. Whatever the cause of being alone as one ages, it’s important to look ahead and have a plan. Top Four Risks To Consider Finances Cash will be neededGetty Images Financial resources are at the top of the list when we look at what issues might…

Nvidia (NVDA) said it’s considering a “variety of products” for its roadmap as more details emerge about a new AI chip for the Chinese market. This follows recent signs of inroads in winning approvals from the Trump administration to expand sales to the country.  Nvidia could look to deliver samples of the new chip to Chinese clients for testing as early as next month, Reuters reported Tuesday.  The new chip, tentatively known as the B30A, is based on Nvidia’s Blackwell architecture and more advanced than the H20 chip the company recently won approval to resume selling in China after striking…

Question: My car is 10 years old. Should I drop down to minimum coverage on my car insurance?Answer: The 10-year mark is a good time to reevaluate your car insurance needs, but there’s more to making coverage decisions than your car’s age alone. According to Bankrate, the national average cost of full coverage car insurance is $2,679 while minimum coverage averages just $808.Dropping your coverage has the potential to lower your insurance premiums by around $1,800. Whether that $1,800 per year in savings is worth the increased risk you face by not having comprehensive or collision coverage will depend on…

Consumer protection law has long been a core part of keeping markets fair and competitive. And the consumer protection framework has always been a partnership between the federal government and the states. As our markets change, our federal and state laws must keep pace to deal with predatory practices, new actors, and other risks. Today, the CFPB released a report on how states can ensure their laws and regulations meet new consumer protection challenges, as well as a compendium of guidance documents that the CFPB has issued in recent years to address emerging challenges in the market for consumer financial…

Technology took it on the chin Tuesday, with sector bellwether and AI revolutionary Nvidia (NVDA) giving back 3.5% and $154 billion in market capitalization. But it was a broadly “risk off” market again as participants evaluate earnings and incoming data and await more words from the Federal Reserve.The Roundhill Magnificent Seven ETF (MAGS), which includes NVDA as well as Microsoft (MSFT), Apple (AAPL), Meta Platforms (META), Alphabet (GOOGL), Amazon.com (AMZN), and Tesla (TSLA), was down 1.6%.All of the Magnificent 7 stocks were lower on the day, and Nvidia was No. 30 among the 30 Dow Jones stocks. But a combination…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 10, 2025 Federal Reserve Board requests comment on targeted proposal to revise its supervisory rating framework for large bank holding companies to address the “well managed” status of these firms For release at 2:15 p.m. EDT The Federal Reserve Board on Thursday requested comment on a targeted proposal to revise its supervisory rating framework for large bank holding companies to address the “well managed” status of these firms. The revisions would better…

(World Oil)– Canadian oil sands companies have found a way to ramp up production in the face of oil prices: curtailing lengthy repairs to equipment.   Canadian Natural Resources Ltd., Imperial Oil Ltd. and others are extending maintenance cycles to two-years from one, which saves on capital expenditure, increases output and effectively offsets declining profits from crude prices that have fallen 11% in the past year. Suncor Energy Inc., meanwhile, completed a major coke-drum replacement at its Base Plant more than 3 weeks faster than planned, allowing the company to cut capex guidance by C$400 million in 2025. The efficiency…

Key Takeaways Intel on Monday said Japanese investment giant SoftBank had agreed to buy $2 billion of the chipmaker’s stock, boosting hope on Wall Street that the Trump administration and allies will throw the beleaguered chipmaker a lifeline.Tech analyst Patrick Moorhead said the SoftBank deal may pave the way for more deals with potential foundry customers, and could signal SoftBank’s own chip ambitions.UBS analysts said in a note Tuesday that Intel stock could reach $40—up from $25 on Tuesday—if the White House can entice companies to contract with Intel’s foundries. Intel (INTC) shares jumped on Tuesday as investors responded to…

Key Takeaways Economic uncertainty has deterred homeowners from doing larger renovations, though the outlook may be getting clearer now that a tax policy is in place, Home Depot CEO Edward Decker said.Still, the home improvement supplier said its forecast assumes there won’t be a resurgence in projects that require borrowing.Relatively high interest rates remain a hurdle, CFO Richard McPhail said. Homeowners may have reason to be more comfortable financing renovations, but Home Depot isn’t counting on a shift in their mindset. Some of the economic uncertainty giving homeowners pause faded when the federal government enacted a tax policy, Home Depot…