Author: Money Mechanics

Key Takeaways The Philadelphia Fed’s monthly manufacturing survey showed employers face the highest costs since May 2022.In response, regional manufacturers raised their expectations for costs while lowering their projections for worker pay.The survey highlighted how businesses are encountering price pressures that they could pass on to consumers. Things could be getting tougher for workers in the coming months, with prices rising and wages falling, according to a new survey of manufacturers. The Philadelphia Federal Reserve’s monthly manufacturing survey for August showed that firms were facing higher prices for materials and, in turn, were raising prices for their finished products. Moreover,…

Key Takeaways The number of continuing unemployment claims rose to its highest in nearly three years last week, adding to recent evidence the job market is slowing down.Layoffs remain low, indicating the economy is in a no hiring, no firing limbo. Employers are cutting back on hiring as tariffs impose new costs, several economists said. Official government data is starting to show what anyone looking for work has known for months: the labor market is getting tough for job seekers. The latest red flag came Thursday when the Department of Labor said 1.97 million people were collecting unemployment insurance the…

The Consumer Financial Protection Bureau (CFPB) is working to combat junk fees across the consumer financial marketplace. As companies are stopped from charging many of these fees, people are facing new risks as companies experiment with new sketchy fee tactics, which are often illegal.Some junk fees – like surprise overdraft fees – are charged by the company the person agreed to do business with, like a bank that provides checking accounts. The CFPB has also been focused on fees charged by companies that people never chose to interact with in the first place, such as loan servicers or debt collectors.…

Market participants took a cautious stance in Thursday’s session, with all eyes on Federal Reserve Chair Jerome Powell’s Friday morning speech at the Jackson Hole Economic Symposium.While the major stock indexes traded modestly lower throughout the day, there were more notable moves beneath the surface.It’s unclear at this point what Powell will say in his Jackson Hole speech, but Wall Street is hoping for hints of a September rate cut. 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 prosper with the best of expert advice…

Thanks to you, EnerCom Denver – The Energy Investment Conference® continues its legacy as the longest-running energy investment conference, and we look forward to many more years together. This year’s 30th anniversary event was one of our best yet. Your participation, feedback, and continued support made it possible—and we’re grateful for the tremendous engagement from across the energy industry. EnerCom has proudly supported the energy community since its inception, and your involvement helps us keep building on that tradition. Stay tuned—we’ll be sharing highlights and key stats from the conference The presenting company lineup: About EnerCom, Inc.: Founded in 1994, EnerCom,…

Key Takeaways Federal Reserve Chair Jerome Powell is set to deliver a speech laying out whether the central bank is ready to cut interest rates.Fed-watchers may feel a sense of déjà vu since this is similar to last year’s Jackson Hole event, when investors watched the annual speech for clues about possible rate cuts in September.This time, the economic conditions are different, and rate cuts are considered likely but not guaranteed. As was the case last year, Wall Street will keenly watch Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole economic conference, looking for signs that the central…

Key Takeaways The S&P 500 slid 0.4% on Thursday, Aug. 21, 2025, as investors looked ahead to key remarks from the Federal Reserve chair Friday. Shares of First Solar and other solar companies fell after President Trump said the U.S. wouldn’t approve new solar or wind projects.Hewlett Packard Enterprise shares climbed after Morgan Stanley analysts upgraded the stock on optimism about AI demand. Major U.S. equities indexes lost ground Thursday amid uncertainty ahead of Friday’s highly anticipated remarks from Federal Reserve Chair Jerome Powell.  The S&P 500 lost 0.4%, in the fifth straight losing session for the benchmark index. The Dow…

Key Takeaways A successful home renovation project means spending a little to gain a lot.Renovations that can increase value range from interior painting to energy-efficient improvements.You might recover more than 100% of your investment in a new front door.The National Association of Home Builders (NAHB) has found that Energy Star windows and appliances are at the top of buyers’ wish lists.Some improvements might reduce what prospective homebuyers are willing to pay. Maybe you want the luxury of a swimming pool in your backyard, but you’re not thinking about selling your home just yet. Or maybe you want to make improvements…

 While trade talks have dominated the narrative this year, the Federal Reserve has remained focused on reaching its 2% inflation target. In your opinion, what will the Fed need to see in the data to justify cutting interest rates?When it comes to inflation and tariffs, the Federal Reserve’s big concern is building confidence that tariff-related inflation is transitory – meaning that tariffs boost inflation over the next year or so, but not indefinitely. In fact, in his latest press conference, Fed Chair Jerome Powell said the Fed will make sure that tariff inflation is transitory.One way tariffs could have a…

Key Takeaways Coty reported an unexpected quarterly loss, which it blamed on retailers being “cautious.”Like-for-like sales dropped 9% year-over-year.Coty said it expects like-for-like sales to fall in both the current and following quarter before returning to positive territory in the second half of the fiscal year. Shares of Coty (COTY) plunged nearly 22% Thursday, a day after the cosmetics maker posted a surprise loss and gave weak guidance as retailers pulled back on orders. The company behind its namesake brand, CoverGirl, Max Factor, and many others reported a fiscal fourth-quarter net loss attributable to shareholders of $72.1 million and an…