Author: Money Mechanics

Annual all-items inflation rose to 2.9%, the highest level since January By David Enna, Tipswatch.com In what could be a crucially important report, the Bureau of Labor Statistics reported today that seasonally adjusted U.S. inflation rose 0.4% in August, higher than expected. The annual rate rose to 2.9%, up from 2.7% in July. Core inflation, which removes food and energy, rose 0.3% for the month and held steady at 3.1% for the year. This matched expectations — meaning that overall this report should not raise market alarms. However, U.S. inflation remains too high. The BLS noted that shelter costs rose…

Fall is often a time for new beginnings, and that’s true at Redfin as we welcome more than 50 new agents to the team. I’m really excited about this talented crew—they’ve already hit the ground running to help more people find homes they love, and in turn, build thriving businesses here at Redfin.  Redfin agent Aaron McCarty One of the folks we’re excited to welcome is Aaron McCarty, who is joining Redfin for the second time in our San Francisco office! Aaron started his career in hospitality, helping guests enjoy their vacation dreams, but soon realized he wanted to do…

Key Takeaways JPMorgan & Chase & Co. (JPM) CEO Jamie Dimon said the economy is slowing down ahead of the Federal Reserve’s September meeting next week. The government estimated the U.S. economy added 911,000 fewer jobs in the 12 months through March 2025 than previously reported. The CEO of Wells Fargo & Company (WFC) noted a “big dichotomy” between higher- and lower-income consumers, despite spending remaining strong across all income levels. Those who track economic data like sports box scores got a doubleheader this week. Inflation rose to its highest level since January, and the U.S. economy added almost 1…

A group that has legally challenged the Department of Education in the past has filed a new complaint this week seeking a remedy for the thousands of borrowers waiting in limbo for their promised student loan forgiveness. The American Federation of Teachers said in its Tuesday complaint that the department’s suspension of student loan forgiveness is unlawful. Since the beginning of 2025, some borrowers have completed the requirements for the time-based forgiveness, but the department has paused the discharge process. What is time-based loan forgiveness? Income-driven plans are those in which payments are calculated based on a borrower’s income. Since payment…

KEY TAKEAWAYS The Department of Education has temporarily paused student loan forgiveness under the Income-Based Repayment plan to comply with a court injunction.Some borrowers have finished the required payments to qualify, but must wait until forgiveness is reinstated.Borrowers are frustrated as they wait in limbo, unaware if they will receive forgiveness before the end of the year, after which they will have to pay taxes on it. Federal student loan borrowers who qualify to have their loans discharged are waiting in the dark for their promised loan forgiveness. Earlier this year, the Department of Education temporarily paused time-based student loan…

Key Takeaways The Federal Reserve’s interest rate moves directly impact the APYs savers earn.Rate cuts can erode consumer purchasing power.Pay close attention to Fed-related headlines for any clues regarding the direction of interest rates.Online banks may respond more aggressively to Fed policy changes.Consider ladders of long-term CDs or T-bills that may offer better rates or stability. The actions taken by the Federal Reserve impact the entire economy, and this includes savings account rates. When the Fed cuts the federal funds rate, banks typically follow suit by reducing their own interest rates. At the Federal Reserve’s recent meeting, Chair Jerome Powell…

August HighlightsCanadian volumes remain strong at 1.18 billion Average Daily Volume (ADV), down 0.15% month-over-month but up 27% year-over-yearCboe Canada market share is stable at 12.6%NEO-D market share increased to approximately 0.2% overall market share and 2.8% of all dark poolsNEO-D is the only dark marketplace in Canada that provides an active rebate to retail with price improvement.NEO-D has a strict price-time priority model with no broker preferencing.NEO-D active volume is over 56% retail.Source: TMX Information ProcessorUpcoming ChangesSeptember 30, 2025: Cboe Canada plans to roll out visible Primary Peg order type October 27, 2025: Cboe Canada plans to update hours…

KEY TAKEAWAYS Although millions of student loan borrowers are behind on their payments, a quarter of borrowers are confident they will pay off their loans this year.Older borrowers are more pessimistic about their student loans, and more of them say they will never be free from their student debt.Since the Department of Education has resumed collections on defaulted loans in May, many borrowers say they are feeling the affects of that. Millions of student loan borrowers have been making headlines lately as they struggle to keep up with their payments, but a surprising number of them say they expect to…

Adobe (ADBE) just reported record quarterly revenue driven by artificial intelligence gains. Will it revive confidence in the stock? The creative software giant late Thursday posted adjusted earnings per share of $5.31 on revenue that jumped 11% year-over-year to a record $5.99 billion in the fiscal third quarter, above analysts’ estimates compiled by Visible Alpha, as AI revenues topped company targets. CEO Shantanu Narayen said that with the third-quarter’s revenue driven by AI, Adobe has already surpassed its “AI-first” revenue goals for the year, leading the company to boost its outlook. The company said it now anticipates full-year adjusted earnings…

Key Takeaways Mortgage rates slid this week to their lowest level since October, trimming monthly costs for homebuyers nationwide.Boston had the steepest percentage decline, with payments down more than 8%, while Los Angeles buyers saw the biggest dollar drop, at almost $450 per month.Among the 16 metro areas with the sharpest monthly declines, Buffalo was the most affordable at $1,439, with Birmingham close behind at $1,510.Every one of the 50 largest metros saw monthly payments ease compared with a month ago. See our full list to find your city. The full article continues below these offers from our partners. Mortgage…