Author: Money Mechanics

Tuesday’s stock-market pullback is looking like it may be an aberration. Stock futures are pointing higher early Wednesday, a day after major indexes snapped a three-session streak of record closing highs. Futures associated with the Nasdaq and S&P 500 are up 0.3% and 0.2%, respectively, while those tied to the Dow Jones Industrial Average are fractionally higher. On Tuesday, the tech-heavy Nasdaq, benchmark S&P 500, and blue-chip Dow closed down 1%, 0.6%, and 0.2%, respectively. The Dow and S&P 500 had set fresh intraday records soon after the opening bell before retreating, with equities investors possibly unnerved that Federal Reserve Chair Jerome Powell…

Question: I’m a 76-year-old widow, and my son is pushing me into assisted living. He says I need to socialize more and that he’s worried about my health. How do I convince him I’m fine living on my own?Answer: Getting older can be a tough adjustment. Not only might you be grappling with health issues, but many people find that once they retire, they often lose the sense of purpose their jobs once provided.There’s also the loneliness factor to consider. Work serves as a social outlet for many people. Once you retire, you may find that your social circle shrinks.…

Key Takeaways Shares of Kenvue, which makes Tylenol, have recovered almost 60% of their losses since Friday night.Investors may have expected President Donald Trump to announce more regulations on Tylenol, which he claimed pregnant women shouldn’t take because of a link to autism. Kenvue stock is rebounding. It may be a largely a case of things-could’ve-been- worse. Kenvue (KVUE) shares were recently up some 3%, recovering a bit after a more than 7% selloff Monday in anticipation of President Donald Trump’s comments regarding Tylenol, one of its core products, and autism. Trump on Monday evening said taking Tylenol while pregnant…

Key Takeaways While average retirement age for both men and women has ticked up since the early 1990s, many people still retire before age 65. Roughly half of men retire at age 65 or younger while less than half of women make it to age 65. Younger generations may be more likely to delay retirement due to factors like student debt, higher housing costs, and longer life expectancies. For decades, 65 has been considered the traditional retirement age in the United States. But today, that idea is changing. While some still retire around 65, or even earlier, others are working…

Canada-based senior gold mining company Kinross Gold Corporation has sold a total of 36,927,650 common shares of Asante Gold Corporation. This sale represents approximately 5.2% of Asante’s outstanding shares and accounts for 100% of the common shares previously held by Kinross. The shares were sold on a private placement basis and fetched C$73.11m. Each share was priced at C$1.98, excluding commission. Invest in Gold Powered by Money.com – Yahoo may earn commission from the links above. Before the sale, Kinross owned around 5.2% of the outstanding shares and up to 13.2% on a partially diluted basis, factoring in the conversion…

U.S. stock futures rose on Wednesday following Tuesday’s declines. Futures of major benchmark indices were higher.Federal Reserve Chair Jerome Powell acknowledged that “by many measures… equity prices are fairly highly valued,” on Tuesday. However, while acknowledging the high valuations, Powell sought to temper immediate fears. He added that he does not believe this is a “time of elevated financial stability risks,” suggesting the central bank is not yet alarmed about systemic threats from asset prices. Investors are eyeing the release of the Fed’s preferred inflation gauge, the Personal Consumption Expenditures Price Index or PCE Index, scheduled to be released on…

Gold traded around 3,760 USD per ounce on Wednesday, hovering near the record high established the previous day. The market continued to digest commentary from Federal Reserve officials, including Chair Jerome .   acknowledged the Fed’s challenging position, citing a combination of accelerating inflation and sluggish employment growth, which together heighten risks for the labor market. While he expressed satisfaction with the current policy trajectory, he left the door open for further interest rate cuts if warranted by economic conditions.   Market pricing in futures contracts indicates expectations for two additional 25-basis-point cuts this year, potentially in October and December.…

A “For Rent” sign in front of a building in the Capitol Hill neighborhood of Washington, DC, US, on Tuesday, Aug. 12, 2025.Al Drago | Bloomberg | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.After strengthening in the first half of this year, single-family home rents began to slow in July. This could be a…

Former Vice President Al Gore’s latest project gives polluters nowhere to hide. The nonprofit Climate Trace, which Gore co-founded, on Wednesday launched a tool that uses AI to track fine particulate pollution from more than 660 million sources worldwide. Many people are aware that burning fossil fuels warms the planet, but fewer know that burning them creates fine particulate matter that kills as many as 10 million people every year. “For some time, I’ve been trying to bring more attention to the global public health crisis that’s related to what some refer to as conventional air pollution, or PM2.5,” Gore…

(BOE Report) – In what the former Chief of the Fort McKay First Nation calls “a critical step in the right direction,” the Alberta government is moving to accelerate reclamation of more than 1.3 trillion litres of water stored in oil sands tailings ponds. On Sept. 5, the province announced it will expedite setting standards that allow for “mine water” to be treated and released into the environment, building on the rules that are already in place for other mining operations across Canada. “We cannot ignore this challenge, we need to keep working together to find practical and effective solutions that protect…