Author: Money Mechanics

Key Takeaways Younger Americans grew their savings more in the first half of this year than older generations, a Santander Bank survey found. More than half of Gen Z and Millennial respondents said their savings increased during the first half of the year. High-interest CDs are on Gen Z’s radar, with 74% expressing interest while rates are elevated. After years of hand-wringing and criticism about spending on items such as avocado toast and expensive coffee, younger Americans are outpacing older generations in terms of their savings rates. In a survey released last week by Santander Bank, more than half of…

Key Takeaways Tech executives like Palantir CEO Alex Karp have said they don’t care if or where employees went to college—work performance matters more.Apple CEO Tim Cook has said a four-year degree isn’t required to work at Apple.Tech has seen a number of college dropouts make billions, like Bill Gates, Steve Jobs, and Mark Zuckerberg. Executives at top tech companies are telling young people to rethink the purpose of education, and even whether they should attend college at all. Tech has had a range of successful college dropouts in its history, and the industry is being shaken up by the…

Real gross domestic product (GDP) increased in 44 states and the District of Columbia in the second quarter of 2023, with the percent change ranging from 8.7 percent in Wyoming to –1.9 percent in Vermont (table 1), according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Current-dollar GDP increased in 46 states and the District of Columbia in the second quarter, with the percent change ranging from 8.3 percent in Kansas to –4.3 percent in North Dakota. Real GDP In the second quarter of 2023, while real GDP for the nation increased at an annual rate…

Gold is close to staging a massive breakout above the key $3440 price zone… and it’s possible that a shocking PCE inflation report on Friday could be the catalyst for the launch. The weekly chart. Note the fabulous inverse H&S pattern on the Stochastics oscillator (14,5,5 series). The triangle pattern is one of “technical perfection” and basis Edwards/Magee, it has a rough 67% chance of being resolved to the upside. In a nutshell, this supreme money chart is so aesthetic that it looks like the work of Michelangelo. What about the daily chart? If Michelangelo is working on the weekly…

Box Inc BOX reported financial results for the second quarter after the market close on Tuesday. Here’s a rundown of the intelligent content management platform company’s report. Q2 Revenue: $294 million, versus estimates of $290.78 million Q2 Adjusted EPS: 33 cents, versus estimates of 31 cents BOX is holding steady in today’s choppy market. See what is happening here.Total revenue was up 9% on a year-over-year basis. Billings were up 3% year-over-year to $264.9 million in the quarter. Box said it ended the period with remaining performance obligations of $1.5 billion, up 16% year-over-year.The company generated $46 million in operating cash…

In-brief analysis August 26, 2025 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), August 2025 Note: Growth rates are compound annual growth rates for 2010 to 2019, 2020 to 2024, and 2024 to 2026. We use product supplied to estimate consumption. U.S. jet fuel consumption growth has slowed in 2025, following a period of rapid consumption growth after 2020, as U.S. air travel recovered from the COVID-19 pandemic. We forecast the slowdown in jet fuel consumption growth will continue through 2026, falling below both the accelerated rate of the previous four…

She will also continue directing LISC’s work across New York state, where the group has invested $4.6 billion. Valerie White “Housing has always been at the core of LISC’s work, and it has always been a product of deep local engagement and community innovation,” White said in a statement. “Our goal is to deliver more expertise and resources to those local efforts, scale up successful programs to reach more people, build efficiencies in the deployment of capital and services across our organization, and — alongside local stakeholders — drive greater impact and economic growth.” LISC said White will guide strategies…

Anthropic is launching a research preview of a browser-based AI agent powered by its Claude AI models, the company announced on Tuesday. The agent, Claude for Chrome, is rolling out to a group of 1,000 subscribers on Anthropic’s Max plan, which costs between $100 and $200 per month. The company is also opening a waitlist for other interested users. By adding an extension to Chrome, select users can now chat with Claude in a sidecar window that maintains context of everything happening in their browser. Users can also give the Claude agent permission to take actions in their browser and…

Most of us know some older person who had a bad fall and broke a hip. When they do recover, they are not the same as before. And in some cases, the fall leads to a cascade of bad outcomes, surgery, complications, and loss of independence. What can aging parents do about this? Can adult children help them? It’s Not Just Luck If They Don’t Fall Balance is affected by aging, as most of us understand. But what keeps a person from hitting the ground, rather than regaining balance when they trip or stumble? Not everyone thinks of practicing balance…

Having been in the financial services industry for almost 20 years, I’ve worked with hundreds of clients, spoken with countless prospects and observed a wide range of attitudes and investing approaches.With easy access to the internet and a multitude of smartphone applications, many do-it-yourself (DIY) investors may feel increasingly confident in their investing abilities.However, younger investors have been found to overestimate their investment knowledge, and this overconfidence can lead to common investing mistakes that hurt long-term performance. Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Save up to 74% Sign up for Kiplinger’s Free E-Newsletters Profit and…