Author: Money Mechanics

Key Takeaways Car insurance costs are expected to continue rising in 2025.Factors such as climate disasters, rising repair costs, and changes to your personal situation can drive up the cost of premiums.You may be able to save hundreds by dropping comprehensive or collision coverage, or more than $1,100 by cutting both. Comprehensive and collision insurance aren’t required if you’ve paid off your vehicle, but some personal circumstances can make it wise to carry them. If you have a car, you’ve probably noticed your insurance rates have been going up in recent years. Costs rose 15% in 2024, according to Insurify…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A former top German central banker is set to lead the supervisory board of the country’s most valuable fintech N26 as part of a leadership reshuffle that aims to resolve a conflict between investors and founders.Andreas Dombret, a one-time Bundesbank executive board member, “is to be nominated by the founders and several investors” as the new chair of N26’s supervisory board, the bank told the Financial Times, adding that it would convene “an extraordinary general meeting in the near future to formalise…

(NASDAQ:NVDA), the undisputed leader in AI accelerators and graphics processing units (GPUs), is set to report its fiscal second-quarter results after market close at 4:20 PM ET today. A call with CEO Jensen Huang and CFO Colette Kress is scheduled for 5:00 PM ET. Consensus expectations indicate another period of standout growth, as the tech behemoth capitalizes on the dominant demand for AI infrastructure and accelerated computing.NVDA shares are currently trading at $181.72, valuing the Santa Clara-based chip titan at a market cap of roughly $4.4 trillion and making it the most valuable company in the world. Implied volatility points…

Liberty Mutual Reinsurance (LM Re) part of Liberty Mutual Insurance Group, and Safehub, a provider of seismic sensor and risk management technology, have launched a new earthquake parametric insurance solution that will help reduce basis risk for parametric re/insurance policies.One of the central challenges of parametric re/insurance is basis risk – the potential mismatch between a policy’s trigger and the actual losses experienced by the insured. This new solution, ShakeNet Parametric, backed by capacity from Liberty Mutual Re, is reportedly triggered by the highest-resolution regional shaking data available globally. “At the core of this product is Safehub’s ShakeNet, a global…

Key Takeaways The S&P 500 added 0.2% on Wednesday, Aug. 27, 2025, reaching a record close as investors positioned themselves ahead of the much-awaited earnings release from Nvidia.Shares of lithium producer Albemarle moved higher after UBS upgraded the stock, highlighting an improved outlook for lithium prices.Paramount Skydance stock lost ground as analysts cited concerns about its valuation and the company’s ability to balance its linear and direct-to-consumer offerings. Major U.S. equities indexes moved higher Wednesday as investors anticipated the release of a quarterly update from semiconductor giant Nvidia (NVDA) after the closing bell. The S&P 500 gained 0.2%, sending the…

Criminal investigations do not usually start with tweets. They very rarely start with tweets by government officials asserting someone’s guilt before a charge has even been laid. That, however, is how the case against Lisa Cook, a governor of the Federal Reserve, began on August 20th, when Bill Pulte, head of the Federal Housing Finance Agency, published a letter alleging that Ms Cook had “falsified bank documents and property records to acquire more favourable loan terms, potentially committing mortgage fraud”. Mr Pulte then tweeted a screenshot showing her signature on two documents. It is on the basis of this evidence…

Nvidia (NVDA) reported quarterly earnings just slightly ahead of Wall Street analysts’ expectations, as its sales climbed to a record high.  The AI chipmaker posted adjusted earnings of $1.05 per share on revenue that soared 56% year-over-year to a record $46.74 billion in the second quarter. Nvidia’s quarterly sales and earnings were just above analysts’ estimates compiled by Visible Alpha. (Investopedia’s live coverage of the results is here.) The company’s data center sales, which comprise the bulk of its revenue, climbed to a record $41.1 billion, though that figure slightly missed Street projections. Nvidia said its results were boosted by the release…

NetApp Inc NTAP reported financial results for the first quarter of fiscal 2026 on Wednesday after the bell. Here’s a look at the key metrics from the period.NTAP shares are down after-hours. See what’s going on here.Q1 Highlights: NetApp reported first-quarter revenue of $1.56 billion, beating analyst estimates of $1.55 billion, according to Benzinga Pro. The data infrastructure company reported first-quarter adjusted earnings of $1.55 per share, beating estimates of $1.54 per share. Total revenue was up 1% year-over-year. Billings grew 4% year-over-year to $1.51 billion. The company generated $673 million in cash from operations and $620 million of free cash…

Personal income, in current dollars, increased in 49 states and the District of Columbia in the second quarter of 2023, with the percent change ranging from 6.1 percent in New York and the District of Columbia to –2.7 percent in Maine (table 1), according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Nationally, personal income increased $239.7 billion dollars in the second quarter of 2023. Earnings, property income (dividends, interest, and rent), and transfer receipts all contributed to the increase (chart 1). Earnings increased in 48 states and the District of Columbia, while growing 5.3 percent…

ZDNET’s key takeaways The Pixel 10 has officially launched with a starting price of $799.With a three-camera system, Google Tensor G5, and improved battery life, it’s Google’s best base model smartphone yet.The main and ultra-wide cameras have been downgraded in order to fit the new telephoto. aug / 2025Google’s entry-level flagship Pixel has proven to be a capable smartphone, with just the right specs and features to please the masses. So when I switched over to the latest model, the Pixel 10, I wasn’t expecting to be wowed. After a week of use, however, I stand corrected. With the Pixel 10,…