Author: Money Mechanics

Newsmax Inc. NMAX on Wednesday filed a major federal antitrust lawsuit against Fox Corporation’s FOX FOXA and Fox News Network in the United States District Court for the Southern District of Florida.On Friday, a federal judge dismissed Newsmax’s antitrust lawsuit against Fox News just a day after it was filed. Newsmax filed a five-count complaint alleging violations.The second, third, fourth, and fifth counts in the complaint, however, incorporate all preceding allegations, thus rendering the complaint an impermissible “shotgun pleading.Also Read: 12 Stocks For 2025 NFL Season With $30 Billion Expected To Be Bet, $8 Million Super Bowl LX AdsThe suit…

U.S. CPI data, Fed rate cut expectations will be in focus this week. With its cloud business gaining momentum and its AI initiatives driving growth, Oracle is a strong buy ahead of earnings. Given the combination of falling oil prices and macroeconomic headwinds, ExxonMobil is a stock to sell this week. Looking for actionable trade ideas? Subscribe now to unlock access to InvestingPro’s AI-selected stock winners! U.S. stocks briefly hit record highs on Friday before reversing course to end lower, after the weak August jobs report bolstered hopes for more Fed rate cuts, but also raised concerns that the economy…

By David Enna, Tipswatch.com Last week, I noticed something very interesting: The real yield of the most recent 5-year TIPS fell on the secondary market at one point to 1.08% and closed the week at 1.10%. CUSIP 91282CNB3 had its originating auction on April 17, 2025, generating a real yield to maturity of 1.702%. So its real yield has fallen a remarkable 60 basis points, at a time when the Federal Reserve has done nothing. The yield is falling in anticipation of possible substantial future cuts. But that isn’t the most interesting thing, which is this: The real yield of…

The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% on Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report.It marks the lowest rate since Oct. 3 and the biggest one-day drop since August 2024. Rates are finally breaking out of the high 6% range, where they’ve been stuck for months.”This was a pretty straightforward reaction to a hotly anticipated jobs report,” said Mortgage News Daily Chief Operating Officer Matt Graham. “It’s a good reminder that the market gets to decide what matters in terms of economic data, and the…

Prada’s Linea Rossa glasses are an example of frames that could potentially fiit a lot of technology. Prada | Jason Hiner/ZDNETFollow ZDNET: Add us as a preferred source on Google.ZDNET’s key takeawaysWe expect the 3.0 version of Meta’s audio-only Ray-Ban smart glasses at Meta Connect in September with several upgrades.Meta executives have teased that multiple wearables are coming this fall.There are reports that Meta will also launch a new line of AR smart glasses that have a display and that it will partner with a different EssilorLuxotica brand: Prada.Multiple reports continue to stream in about Meta launching its next generation smart glasses…

A tropical escape in Panama, named the best country to live in for 2025 by the InterNations Expat Insider report.getty What are the best countries to live in right now? Ask the people who’ve moved abroad: expats. Each year, InterNations, the world’s largest expat community, publishes its Expat Insider report, one of the most comprehensive studies on life overseas. I’ve been covering the Expat Insider report since 2018. The 2025 edition draws on feedback from more than 10,000 expats representing 172 nationalities, offering a unique window into the best places to live in the world for work, lifestyle and affordability.…

For years, changing jobs was the best way to get a raise. But that trend appears to be cooling off. According to new data from the Bank of America Institute, people who jump from one employer to another are no longer seeing the same kind of pay boosts they once did. Job-hopping worked because employers were willing to pay more to lure in new talent, especially when there were worker shortages. Switching jobs often meant skipping the usual slow climb of annual raises and jumping straight to a better salary. Don’t Miss: However, the report says that “Job hoppers are…

Veteran investor Peter Grandich is warning that the market is overlooking the biggest signals in decades, with precious metals and insider selling flashing red. In an interview with Kitco News, Grandich didn’t hold back the criticism of the U.S. economic policy, the Federal Reserve, and the complacency of equity markets.”We’re going to see a major revision that could wipe away well over a million jobs that were supposedly created over the last 18 months,” he said, talking about the labor data that previously supported the “soft landing” narrative. He pointed directly to the Bureau of Labor Statistics’ birth-death model, calling…

futures are currently trading at $41.57, stabilizing after a sharp rally that tested a session high of $42.29. This high aligned almost perfectly with the Daily Sell 2 ($42.22) and Weekly Sell 2 ($42.26) levels, creating a powerful confluence of resistance. The clustering of these overbought zones, alongside the Square of 9 harmonic resistance at $42.25, confirms a textbook inflection point where the probabilities overwhelmingly favor a mean reversion event. The VC PMI framework highlights the Daily Mean ($41.47) and Weekly Mean ($40.09) as equilibrium magnets. While Silver holds above $41.47, near-term bullish control remains intact. However, the inability to…

10-year yield and mortgage rates In my 2025 forecast, I anticipated the following ranges: Mortgage rates between 5.75% and 7.25% The 10-year yield fluctuating between 3.80% and 4.70% Overall, 2025 is on track with my forecast. The 10-year yield has remained within its proper range in response to Federal Reserve policy and economic conditions, while mortgage rates have fluctuated between 6.29% and 7.25%. However, even with job growth slowing —evidenced by a recent report showing negative job creation in one report — we still haven’t dipped below 6% in mortgage rates. I talked about this in detail during today’s special…