Author: Money Mechanics

Miniseries | E+ | Getty ImagesWho benefits the most from rent reporting servicesRent reporting services track a user’s rent payment history and report them to one or more of the three credit bureaus: Experian, Equifax and TransUnion.Sharing rent payment activity has shown to be beneficial for participants, especially those who are “credit invisible,” or do not have any credit history, experts say.Those who have enrolled typically see their credit scores increase. When rent payments are included in credit reports, consumers see an average growth of 60 points to their credit score, according to a 2021 TransUnion report.Rent reporting services can…

Tired of reading quarterly reports? President Donald Trump is paying attention to this matter. Trump on Monday morning wrote on Truth Social that he would prefer companies to be required twice a year, instead of quarterly. The notion, he says, is that fewer reports would mean more time for managers to run their companies—though it would inevitably also mean less regular disclosure about publicly traded companies—and less expense associated with compliance. “Companies and Corporations should no longer be forced to ‘Report’ on a quarterly basis (Quarterly Reporting!), but rather to Report on a ‘Six (6) Month Basis.’ This will save…

Key Takeaways Seed and pesticide maker Corteva is reportedly looking to split into two separate companies.The Wall Street Journal said the breakup could be announced soon.Separating the company could shield it from risks of potential lawsuits related to pesticides. Shares of Corteva (CTVA) gained in premarket trading Monday on a report that the manufacturer of crop seeds and pesticides is considering splitting itself in two. The Wall Street Journal reported that an announcement could come soon. Corteva was created in 2018 as the agricultural arm of then-recently merged DowDuPont, and became a separate company in 2019 as part of a…

U.S. stock futures rose in premarket trading on Monday ahead of this week’s interest rate decision from the Federal Reserve. Stock futures connected to the Dow Jones Industrial Average were up 0.3% in early trading on Monday, as were S&P 500 futures. Nasdaq 100 futures contract advanced 0.2%. The major stock indexes all posted gains last week, with the Nasdaq closing at a record high on Friday as investors bet lower interest rates are imminent. Wall Street is overwhelmingly confident that the Fed will lower borrowing costs for the first time this year when it concludes its two-day policy meeting…

KEY TAKEAWAYS U.S. President Donald Trump suggested that the U.S. and China appeared to have settled on the fate of TikTok, after saying that a deal was reached “on a ‘certain’ company that young people in our Country very much wanted to save.”The comments came hours after Treasury Secretary Scott Bessent said Washington and Beijing are close to resolving the issue around TikTok, which is facing a ban in the U.S. around its Chinese ownership.Bessent was speaking on the second day of trade talks between the U.S. and China and also said the U.S. won’t “sacrifice” its national security for…

Key Takeaways Elon Musk purchased some 2.57 million Tesla shares last week, sending the stock higher in early trading.The CEO’s investment was worth approximately $1 billion.The move is seen as a sign Musk is more focused on Tesla and its move into artificial intelligence. Tesla (TSLA) shares surged 8% in premarket trading Monday after it was revealed CEO Elon Musk purchased some $1 billion worth of the electric vehicle’s stock. A regulatory filing showed Musk made 25 separate purchases last Friday totaling approximately 2.57 million shares for prices ranging from about $372 to $396. The stock closed Friday at $395.94.…

Key Takeaways To calculate your spending in retirement, begin by making a spending plan listing all your expenses. Once you know your retirement expenses, you’ll have a good idea of how much you will need to spend each year. Consider use rules-of-thumb like the 80% rule or the 4% rule as guidelines for spending. However, these rules are merely guidelines and it’s important to personalize them based on your own financial situation—a financial advisor may be able to help. Establishing a spending plan in retirement will help you stay on track with your finances during your retirement years. Wondering how…

China said Monday that Nvidia (NVDA) violated anti-monopoly laws and that it would keep investigating the chip giant, putting the AI bellwether under pressure as Beijing and Washington continue trade talks. The announcement from China’s State Administration for Market Regulation followed a preliminary investigation into Nvidia’s acquisition of Israeli networking-gear maker Mellanox Technologies in 2000. The announcement was cited by Chinese state media.  Beijing gave the deal the go-ahead, with the proviso that China continues to receive supplies. Since then, however, the U.S. has deployed export controls to limit sales of high-end chips to the Asian country. President Donald Trump in…

Retirement accounts often represent a substantial portion of a client’s estate, yet the beneficiary designation forms that control their distribution are too often treated as an afterthought.Estate planning attorneys are familiar with the routine: The client names their spouse as the primary beneficiary and their children as contingent beneficiaries — focusing solely on the fact that they want their accounts to avoid probate.But what happens if one of those children dies prematurely? In far too many cases, the grandchildren are unintentionally excluded, even when the intent was to provide for them. From just $107.88 $24.99 for Kiplinger Personal Finance Be…

Are you happy with your online tool or app for retirement planning? If you’re like most people, the security of that app is as important as its navigation speed or visual appeal. That’s the finding from a recent J.D. Power study on how consumers view the digital experience when using mobile or online tools for retirement planning.Many of these tools act as “data aggregators,” linking to your financial accounts at different institutions for the latest balance and investment information. The result is a helpful picture of your assets and portfolio construction in one place. Achieving that clarity, however, means that…