Author: Money Mechanics

Key Takeaways LimeWire has acquired the Fyre Festival brand for $245,000, the companies announced this week.The file sharing service said it will release more details about its plans for the brand in the coming months.LimeWire was relaunched under new leadership in 2022 as a music-focused NFT and file sharing platform, and Fyre tried and failed to organize a second festival last year. Two once-infamous brands are now set to collaborate after this nostalgic sentence became reality earlier this week: file sharing service LimeWire has acquired the Fyre Festival brand. The companies announced the deal on Tuesday, with the Wall Street…

Key Takeaways The “Great Lock In of 2025” is a social media trend encouraging people to hyper focus on goals, often through small daily habits. While it can build discipline and help with financial goals like saving and debt payoff, one expert warns that burnout can occur when being too restrictive. It’s important to approach the challenge with a sense of balance: Set realistic, manageable daily goals for yourself, like setting aside a few dollars from every paycheck. On social media, people are using the time between now and the end of the year to “lock in” on their goals,…

Key Takeaways Shares of ridesharing giant Uber fell on Wednesday, Sept. 17, 2025, after a competitor announcement, while a stake from an activist investor helped boost HR software firm Workday.Uber declined 5% after rival Lyft and self-driving technology partner announced a plan to launch robotaxi services in Nashville.Workday advanced after Elliott Investment Management said it had accumulated a major position in the enterprise software company. A big mobility and food-delivery player came under pressure after a competitor announced an expansion of its robotaxi partnership, while a cloud-based business software provider soared after an activist investment firm announced a stake. The…

Key Takeaways Google’s Waymo plans to launch its robotaxi service in Nashville in a partnership with Lyft starting next year, the two companies said Wednesday.The news sent Lyft’s stock soaring Wednesday, while shares of rival Uber slumped.With Wednesday’s rise, Lyft shares have gained more than three-quarters of their value in 2025. Lyft (LYFT) shares soared Wednesday after the ridesharing firm and Google’s Waymo announced a partnership to launch a robotaxi service in Nashville starting next year. Shares of Lyft jumped over 13%, while rival Uber (UBER) dropped 5%. Google parent Alphabet’s (GOOGL) stock slipped less than 1%. Waymo said it will use Lyft’s…

Key Takeaways StubHub shares ended their first trading session at $22.17, slightly below the $23.50 they sold for in the company’s initial public offering.The online ticket sales platform raised about $800 million, which CEO Eric Baker said would be used to pay down debt.StubHub’s deal was the latest to land in a busy IPO market, with recent listings including share sales by BNPL firm Klarna and Gemini, the crypto exchange owned by the Winklevoss twins. StubHub shares finished their first trading session Wednesday below their IPO price. The ticket trading platform announced Tuesday the sale of 34 million shares at…

Pay attention to the details when making your Medicare decisions.gettyWhen choosing between Original Medicare and Medicare Advantage (MA) Plans, you’ll want to be aware of three potential traps for uninformed retirees that can impact your health, longevity, and wallet. Understanding—and avoiding—these traps can help you make the best election for your health insurance coverage needs during Medicare’s upcoming Annual Enrollment Period that lasts from October 15 to December 7. ForbesUnderstand The Key Differences Between Original Medicare And Medicare AdvantageBy Steve VernonTrap #1: Don’t Just Compare The Total Monthly PremiumsWhen comparing Medicare Advantage Plans with Original Medicare (and the related premiums…

Key Takeaways The Fed cut its benchmark rate by a quarter point today—its first reduction of 2025 after holding steady through five meetings. The Fed’s rate impacts what banks and credit unions pay on deposit accounts—so the rate reduction is set to nudge savings, money market, and CD rates lower. The Fed also released its quarterly projection, with a median forecast of another 0.50 percentage points in cuts by year-end. Savings and CD yields will drift lower gradually, but will remain historically strong compared with much of the past decade. Savers can earn stand-out returns with one of today’s best…

Markets fastidiously try to gauge what the Federal Reserve will do with interest rates, but central bank officials’ projections released Wednesday show even they aren’t sure what’s coming next. Fed officials agree on the economic outlook—moderate growth, stable unemployment, and slowing inflation—and the general need to lower rates. However, they are split on how aggressive those rate cuts should be, with some foreseeing a need for more cuts than others. “Policymakers continue to disagree fervently on the merits of further easing, setting the stage for knife-edge votes at the final two meetings of this year,” Samuel Tombs, chief U.S. economist…

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.The writer is professor of law at Penn StateWe don’t know the future, nor how artificial intelligence will affect it. Some believe AI will lead to explosive economic growth, others are convinced it will immiserate all but a select few, while some aver that its economic impact will be marginal. So how do legislators do their job under such uncertainty? Currently they don’t. They have abrogated their responsibilities to promote the health, safety and welfare of voters through inaction, adopting a wait-and-see…

Key Takeaways Fed Chair Jerome Powell said the Federal Reserve is not guaranteed to repeat Wednesday’s interest-rate cut.The Fed is caught between its missions to keep inflation low and employment high, and both are moving in the wrong direction.Powell said the Fed would cut rates further only if economic data indicated that was the right move, brushing off questions about the political pressure the central bank is under to cut rates. The Federal Reserve may have lowered borrowing costs a tiny bit on Wednesday, but don’t count on more rate cuts in the months ahead.That was the message from Federal…