Author: Money Mechanics

KEY TAKEAWAYS More than 4 million federal student loan borrowers were on the verge of defaulting during the last quarter.The number of borrowers who are delinquent and in default is higher than before the COVID-19 pandemic.Many borrowers have had trouble resuming payments after the pandemic payment pause ended. Student loan debt is becoming delinquent faster than any other debt type. Millions of federal student loan borrowers are having difficulty keeping up with payments and heading towards default at record numbers. Last quarter, about 4.12 million student loan borrowers were 181 to 270 days delinquent, according to the most recent data…

By David Enna, Tipswatch.com Investors were ready and willing to jump aboard today’s auction of a reopened 30-year Treasury Inflation-Protected Security, CUSIP 912810UH9. And why not? The resulting real yield to maturity of 2.650% was the highest for this term at auction since October 2001. This TIPS will mature February 15, 2055. It has a coupon rate of 2.375%, which was set by the originating auction on February 20, 2025. Demand at this auction looked strong. The “when-issued” yield prediction was 2.673%, but bidders brought that down to 2.650%. The bid-to-cover ratio was 2.78, much higher than recent auctions of…

Key Takeaways Bitcoin traders were selling ahead of Jerome Powell’s highly anticipated speech Friday morning at the Jackson Hole Economic Policy Symposium, preparing for the possibility that the Fed chair fails to signal that an interest rate cut is likely in September. Bitcoin options pricing indicated bearishness across time horizons.The “secular bull” for bitcoin may not be over yet, analysts say. Bitcoin traders have been in profit-taking mode ahead of Federal Reserve Chair Jerome Powell’s highly anticipated speech on Friday, betting on an upset. That’s evident in the price of the world’s largest cryptocurrency, which has fallen about 10% from…

In early February Openai, the world’s most famous artificial-intelligence firm, released Deep Research, which is “designed to perform in-depth, multi-step research”. With a few strokes of a keyboard, the tool can produce a paper on any topic in minutes. Many academics love it. “Asking OpenAI’s Deep Research about topics I am writing papers on has been incredibly fruitful,” said Ethan Mollick of the University of Pennsylvania. Some economists go further. “I am *sure* for B-level journals, you can publish papers you ‘wrote’ in a day”, said Kevin Bryan of the University of Toronto. “I think of the quality as comparable…

Shares of Tharimmune Inc THAR are surging Thursday afternoon after the company on Wednesday announced positive results from a simulation analysis of its lead clinical asset, TH104. What To Know: The drug is a novel, buccal film formulation of nalmefene designed to counteract the respiratory-depressing effects of powerful synthetic opioids like fentanyl.The company highlighted the potential of TH104 as a prophylactic, or preventative, treatment for military personnel and first responders who may be exposed to weaponized fentanyl. The simulation data showed that TH104 could be administered pre-emptively, offering protection for up to 24 hours. Tharimmune says this is a significant…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 22, 2025 Opening Remarks Chair Jerome H. Powell At the Integrated Review of the Capital Framework for Large Banks Conference, Federal Reserve Board, Washington, D.C. Watch Live Accessible Keys for Video [Space Bar] toggles play/pause; [Right/Left Arrows] seeks the video forwards and back (5 sec ); [Up/Down Arrows] increase/decrease volume; [M] toggles mute on/off; [F] toggles fullscreen on/off (Except IE 11); The [Tab] key may be used in combination with the [Enter/Return] key to…

Data courtesy of University of Michigan’s National Poll on Healthy Aging The Washington Post explored the topic this week in an article titled, “How America’s seniors are confronting the dizzying world of AI.” The outlet focused on a senior center in Maryland where classes are being offered on a variety of AI subject matter. “For some older adults, chatbots have become convenient assistants for making travel plans or writing letters and books,” the report explained. “But AI has also upped the potency of scams and misinformation that already target older Americans. They are encountering AI-generated content as it pervades platforms…

How did we choose these deals?I found over 30 deals in my initial research, and wanted to include them, but decided to keep things short. While considering the products on this list, I took into account the device’s popularity, quality, and discount amount. From there, I whittled things down to the 18 entries you see above.Should I buy a MacBook, Windows laptop, or Chromebook?It ultimatley depends on what you want as a user and what you’re looking for. There isn’t a hardset answer to this question. Chromebooks are often the cheapest laptops that you’ll find online, making them perfect for…

When the Bureau of Labor Statistics releases inflation numbers for July on Tuesday morning, August 12, the news is expected to be bad and will affect the Social Security COLA. Uncle Sam about to cut a Social Security card.getty Economists say new tariffs will nudge inflation higher, and that jump will ripple straight into next year’s Social Security cost-of-living adjustment. Rising inflation could mean Social Security checks in 2026 will have lower buying power for over 66 million of Americans. How the Social Security COLA is Computed The Bureau of Labor Statistics (BLS) calculates official price indexes for urban consumers…

Key Takeaways Boeing is said to be in talks with Chinese officials about the sale of up to 500 planes to that country.Bloomberg reports an agreement would be a key part of ongoing trade talks between Washington and Beijing.Boeing has only sold a small number of planes to Chinese airlines over the past few years. Boeing (BA) shares were up slightly on indications the big plane maker is in discussions to sell as many as 500 jets to China. Bloomberg reported that if it happens, the sale would be a breakthrough for Boeing, which has only made a handful of…