Author: Money Mechanics

Let’s cut to the chase: Starting today, you can take an additional $100 off of our current $300 discount for your founder, investor, or attendee TechCrunch Disrupt 2026 pass, which is a nice bonus on top of our current discounted pricing.  This flash sale will run all week, up until Friday, August 7 at 11:59 p.m. PT. This discount will mark your last chance at a bonus deal before our next pricing tier kicks in on August 21.  Register with this link to lock in your extra $100 off. If you need to learn more before locking in your plans, Disrupt takes over Moscone West from October 13–15, bringing more than 10,000 founders, VCs, tech…

Virginia, home of the nation’s densest concentration of data centers, will require them to pay for the dedicated new power infrastructure they need in a bid to spare homeowners from rising electric bills.The commonwealth’s State Corporation Commission ordered large data center users to cover the cost of transmission infrastructure they will use exclusively.Gov. Abigail Spanberger recently pushed for developers to offset their impact on the power grid. Across the nation, residents blame rising energy costs, in part, on a rapid build-out of the large technology developments.That includes substations, electric lines, and other electric infrastructure “upstream” from the data center sites. The governor said in a statement…

“Role Models” actor Seann William Scott is preparing to part ways with his longtime Malibu estate after overseeing an extensive renovation of the property—which he has now listed for $17.5 million, more than four times the price he purchased it for 22 years ago. The 49-year-old comedic actor, who is perhaps best known for his role as Steve Stifler in the hit “American Pie” franchise, snapped up the idyllic 1.45-acre Malibu Park estate for $3.95 million in 2004, five years after the first movie in that series was released. In the years since, his career has continued to flourish, while…

(Oil & Gas 360) – Investors are encouraged to register for EnerCom Denver – The Energy Investment Conference, featuring a broad group of public and private energy companies, and request 1×1 meetings Sponsorship opportunities are available for companies seeking to increase their market presence Recognized as the largest independent investor conference serving the global oil and gas industry and the broader energy sector, EnerCom Denver brings together public and private energy companies, institutional investors, family offices, analysts, and industry leaders from across the energy value chain. Attendees are encouraged to mark their calendars as EnerCom once again convenes the industry’s leading…

Rock ‘n’ roll legend John Oates has turned the page on a 35-year chapter of his life after selling the Colorado ranch he has owned for more than three decades for $6.9 million. Oates, 78, who is best known as one half of the musical duo Hall & Oates, initially listed his 4.3-acre spread—which is located in Woody Creek, just outside of Aspen—for $6 million in 2017. But after several months and multiple price cuts, it had still not secured a buyer and was removed from the market at the end of 2018.Property records show that the rocker and his…

You’ve spent 30 or 40 years mastering the art of saving; it’s now time to master the art of spending. You built the budget, made the trade-offs and watched your nest egg grow. But now that you’ve reached the finish line, turning off “saving mode” can feel surprisingly unnatural.If the thought of spending down your hard-earned portfolio causes a pang of anxiety, you aren’t alone — in fact, most retirees spend far less than they safely can, shortchanging the very lifestyle they sacrificed to build.This 10-question quiz is designed to help you identify the subtle psychological traps that keep retirees…

The Dow Jones Industrial Average and the S&P 500 gapped up to new all-time highs at the opening bell on Wednesday, lifted by relative quiet in the Middle East and solid data from the earnings calendar. Heavy exposure to hot AI-related names weighed on the Nasdaq Composite, as markets remain concerned about Big Tech’s spending plans.By the closing bell, the blue-chip Dow Jones Industrial Average had added 0.5% to 54,349, another new record closing high. But the broad-based S&P 500 was off 0.2% to 7,723 and the tech-heavy Nasdaq Composite was down 0.8% to 26,363.All three remain near their respective…

I like long-term CDs. They earn a guaranteed rate of return, the APY won’t change, and they can help you meet long-term savings goals. In a world full of questionable financial options, they’re among the most dependable things you can get.Yet, timing when to open one is imperative. Locking in a rate now, with the current 3.50% inflation rate as a permanent ceiling, will likely prove short-lived, which means inflation might erode some of your future purchasing power. With the ongoing war in Iran raising gas prices again, expect inflation to follow suit.On top of this, the Federal Reserve is…

By Nandan Mandayam Aug 4 (Reuters) – Caterpillar raised its annual revenue growth forecast after beating second-quarter profit estimates on Tuesday, benefiting from a buildout ‌of AI data centers that has spurred demand for its power-generation ‌and construction equipment. Shares of the company jumped 11% in premarket trading, sending Dow futures up 0.6%, ​after it cut its full-year tariff costs forecast to around $2.2 billion from the previously expected $2.2 billion to $2.6 billion. Over the last few quarters, the equipment giant has seen a surge in orders for construction equipment amid a nationwide buildout of data centers as ‌well…

Thank you, Jon, for that kind introduction. It is an honor to be here in Alaska. I appreciate the invitation from the Anchorage Economic Development Corporation to meet with you all today.1 As many of you know, I have spent the majority of my career as an academic economist and professor. I have a deep, longstanding love for data and information. At the Federal Reserve, I have the privilege to have the best and most timely data at my fingertips. Yet, there is no substitute for the information researchers—and policymakers—can gain from real-world interactions. This is a main reason I…