Author: Money Mechanics

Money market accounts (MMAs) — not to be confused with money market funds — combine features of savings and checking accounts, allowing holders to write a limited number of checks and get a higher interest rate than traditional savings accounts.However, enjoying the best of both worlds comes at a price, and sometimes a hefty one.This is why it’s important to consider the fees in advance to ensure this is the right option to maximize your savings. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed investor. CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters…

The Trump family keeps leaning into crypto. This week has already offered two fresh examples: A bitcoin mining company linked to Eric Trump and Donald Trump Jr., American Bitcoin, on Wednesday listed on the Nasdaq exchange using the ticker “ABTC,” not long after their venture World Liberty Financial went live with billions of the associated token, WLFI, unlocking and now trading on secondary markets. American Bitcoin, majority owned by Hut 8 (HUT), merged with Gryphon Digital Mining, which previously traded under “GRYP,” rebranding with a new ticker. The firm wants to be “the wold’s largest, most efficient pure-play Bitcoin miner.”…

Key Takeaways U.S. equities were mixed at midday, although the Nasdaq took off on a decision over a federal antitrust lawsuit against Alphabet’s Google.Apple shares also gained when the judge in the Google case allowed the iPhone maker to continue to pay for Google’s Chrome search engine.Dollar Tree warned current-quarter results will be hurt by U.S. tariffs. U.S. equities were mixed at midday, with tech stocks driving gains after a positive ruling from a federal judge in an antitrust lawsuit against Alphabet’s (GOOGL) Google sent the tech giant’s shares to an all-time high. The Nasdaq jumped nearly 1%, and the…

Plan Name Average Annual Ozempic Cost Average Annual Mounjaro Cost AARP/UnitedHealthcare $327 $348 Aetna/CVS $623 $1,144 Alignment Health Plan $38 $132 Anthem $592 $819 Blue Cross Blue Shield $31 $224 Cigna $93 $185 Devoted Health $658 $1,312 Humana $220 $198 Kaiser Permanente $47 $5,251 Molina Healthcare $47 $75 $0 Doesn’t Mean Hassle-Free Even when a plan lists Ozempic at $0, that price may come with strings attached. For example, Humana’s Gold Plus plan offers Ozempic for $0, but requires prior authorization from the insurer and may impose quantity limits.  Prior authorization and step therapy are common in Medicare Advantage plans…

Key Takeaways Although manufacturing activity showed some improvements in August, a survey of manufacturing managers showed that tariffs are pressuring their businesses.Manufacturers said import taxes were impacting supply chains, and the uncertainty of changing tariffs kept many customers from making purchases. Higher material costs caused by tariffs made it more challenging to fabricate products in the U.S., survey respondents said. One benefit of U.S. tariffs on foreign imports is that they are supposed to spur an increase in domestic manufacturing. So far, tariffs seem to be having the opposite effect. A closely followed survey of manufacturers indicated that the sector contracted…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. September 03, 2025 Federal Reserve Board announces it will host a conference on payments innovation on Tuesday, October 21 For release at 11:00 a.m. EDT The Federal Reserve Board on Wednesday announced that it will host a conference on payments innovation on Tuesday, October 21. The conference will bring together a range of interested parties to discuss how to further innovate and improve the payments system. “Innovation has been a constant in payments…

futures are trading at $41.77 as of September 3, 2025, holding just under the recent intraday high of $41.995. The rally from last week’s breakout at $40.00 has carried price into the weekly Sell 1 ($41.49) zone, with upside resistance defined at Sell 2 ($42.26). From a Variable Changing Price Momentum Indicator (VC PMI) perspective, the market remains in a bullish phase, trading above the weekly mean at $40.09, which serves as equilibrium for this week’s activity. On the daily framework, support aligns at Daily Buy 1 ($40.76) and Daily Buy 2 ($39.93). These levels, in harmony with Fibonacci retracement…

Macy’s Stock Soars on Unexpected Same-Store Sales Growth 3 minutes ago Macy’s (M) shares jumped nearly 20% Wednesday after the biggest U.S. department store chain posted better-than-expected results and boosted its guidance on solid demand at its “Reimagine” namesake locations, as well as Bloomingdale’s and Bluemercury stores. The company reported second-quarter adjusted earnings per share of $0.41—more than double what analysts surveyed by Visible Alpha were looking for. Revenue fell nearly 2% year-over-year to $5.0 billion, also above forecasts. Comparable sales were up 0.8%, while the Visible Alpha estimate was for a decline of 0.3%. While sales at Macy’s stores were down 3.8%, comparable…

In the escalating AI hardware arms race, Nvidia Corp NVDA may hog the spotlight—but Broadcom Inc AVGO is quietly firing back with smart silicon and hyperscaler-grade networking gear, setting up a surprisingly fierce head-to-head battle in the datacenter compute arena.Custom ASICs Take The SpotlightBroadcom’s collaboration with Alphabet Inc‘s GOOGL GOOG Google on the Ironwood TPU (TPUv6, 3 nm) positions the chipmaker firmly in the AI acceleration game. The project is expected to generate $9 billion in near-term revenue and over $15 billion over its lifetime, validating Broadcom’s ability to compete with Nvidia’s GPU dominance.Meanwhile, analysts expect Broadcom’s AI business to…

Maverick’s customers collectively represent $6.5 billion in annual sales volume, according to the company. The new board members are: Laura O’Connor — most recently president and chief operating officer at JPAR Real Estate. Ruel Macaraeg — senior manager of private equity AI and data at Ernst & Young and a technology advisor with Equity Angels. Marci James — a former marketing and outreach leader with Realtor.com and the National Association of Realtors. “The real estate industry is long overdue for a smarter platform that puts brokerages back in control,” O’Connor said. “Maverick Systems is a powerful command center that simplifies…