Author: Money Mechanics

Key Takeaways Nearly 40% of U.S. workers said heightened ICE activity has affected their sense of safety at work, according to a recent survey.That lack of safety can lead to employees missing work and businesses losing revenue or projects, a multicultural marketing expert said. The threat of immigration enforcement actions has made employees feel less safe at work, a recent survey found.  Nearly two in five U.S. workers said their sense of safety at work has been affected by an increase in activity by U.S. Immigrant and Customs Enforcement (ICE), according to data from EMCI Wireless. The survey only included…

Key Takeaways Federal Reserve Chair Jerome Powell this week commented on elevated stock prices, remarks that reminded some market watchers of events leading up to the bursting of the Dotcom Bubble in 2000, including former Fed Chair Alan Greenspan’s reference to “irrational exuberance.”The current rally has repeatedly been compared to the Dotcom Bubble, when speculative fervor drove up tech stocks despite their shaky finances.Some experts note that the AI infrastructure buildout driving the stock market higher today is fundamentally different than telecommunications spending in the late 90s. The present AI frenzy is often compared with the Dotcom Bubble of the…

Key Takeaways Intel is seeking an investment from Apple after recently securing a $5 billion commitment from Nvidia, Bloomberg reported Wednesday. Apple was once a big customer for Intel, though the iPhone maker has migrated away in favor of using its own processors in its devices in recent years. Intel has reportedly set its sights on a deal with Apple, a move that could further boost the struggling chipmaker. Shares of Intel (INTC) surged over 6% Wednesday following a Bloomberg report that it’s solicited support from the iPhone maker. Neither company responded to Investopedia’s request for comment in time for publication.…

Gold (GC=F) hit a new record on Tuesday to surpass $3,800 in intraday trading as Wall Street analysts predicted that the precious metal still has room to run. Gold futures rose 0.8% to trade near $3,805 per troy ounce, while bullion for immediate delivery traded near $3,777 per ounce. Wall Street sees further upside for the precious metal, with Goldman Sachs reiterating a forecast of $4,000 by the middle of next year and UBS predicting $3,900 during the same time frame. “We think gold prices have further room to rally, as US real interest rates should fall further amid additional Federal…

Shares of Cardlytics, Inc. CDLX are rising on Wednesday after a research firm published a glowing report on the company, which partners with retail outlets and banks to offer cash-back rewards on card purchases.What To Know: Following a positive five-page report from Citron Research on Wednesday, Cardlytics shares jumped as much as 25%, according to Benzinga Pro.Citron’s report highlights a significant rewards rollout from American Express, one of Cardlytics’s major partners. The firm said AmEx recently added “over $3,500 in annual credits across hotels, dining, lifestyle, and travel brands,” all of which require data that Cardlytics provides. This signals that…

Cryptocurrency sell-off appears as a short-term correction, driven by Fed rate-cut uncertainty. Bitcoin struggles near $108,000 support, with potential decline toward $100,000 if broken. Ethereum consolidates at key support, breakout above $4,450 signals trend reversal. Looking for actionable trade ideas to navigate the current market volatility? Subscribe here to unlock access to InvestingPro’s AI-selected stock winners. The cryptocurrency market has seen a sell-off in the past few days, which looks more like a short-term correction from a long-term view. The drop in , , and other cryptocurrencies was driven less by the Fed’s recent and more by uncertainty about when…

People seen holding Puerto Rican flag during the annual Puerto Rican Day Parade on 5th Avenue in New York City.Sopa Images | Lightrocket | Getty ImagesU.S. Latino immigrants accounted for $1.6 trillion in GDP in 2023, according to a new research report by the Latino Donor Collaborative, contributing to an overall purchasing power for U.S. Latinos of $4.1 trillion. The 2023 data is the most recent year included in the study.U.S. Latino GDP, measuring the economic impact of the cohort, was up 50% in 2023 from 2015, boosted by increasing education, entrepreneurship and labor force participation, said economists with Arizona…

Reduced forecasts for copper and gold sales weighed on a big mining stock, while shares of a semiconductor giant made another push higher after an industry peer offered a bright outlook. Major U.S. equities indexes lost ground for a second consecutive session Wednesday, reflecting pressure on the tech sector and despite outperformance from energy names. The S&P 500 and the Nasdaq lost around 0.3%, while the Dow ended 0.4% lower. Read here for Investopedia’s comprehensive market coverage. Intel (INTC) stock jumped 6.4%, lifted by an afternoon report from Bloomberg that the company had discussed Apple (AAPL) buying a stake. The…

(BOE Report) – Guyana’s oil production increased to 685,000 barrels per day in August from 664,000 bpd the previous month, boosted by the start-up of the fourth floating output facility in the South American country, government data seen on Wednesday showed. A consortium led by U.S. energy major Exxon Mobil, which controls all oil and gas output in Guyana, earlier this year received the Floating Production Storage and Offloading (FPSO) facility One Guyana, which expanded output capacity beyond 900,000 bpd. The new facility, which began output on August 7, produced an average of 75,000 bpd last month and delivered its first…

Key Takeaways When your CD nears maturity, you must choose what to do with the balance—or risk automatic renewal at a bad rate, plus enter a new commitment you didn’t plan for. The Fed already cut rates last week, and more reductions may follow, so exploring your options before renewal is more important than ever. If you want another CD, compare offers—today’s best CD rates are likely far higher than what your bank will automatically roll you into. Prefer flexibility? Moving part or all of your balance into a top high-yield savings account can give you access to cash and…