Author: Money Mechanics

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,…

Higher medical costs and insurance premiums are one of the unintended, unexpected effects of the new trade and tariff policies. That’s especially true of prescription drug prices. President Trump said he is committed to reducing prices on prescription drugs. One measure he took is to direct major pharmaceutical manufacturers to charge U.S. customers the same prices that are paid in other countries, known as “most favored nation” pricing. The companies are supposed to reduce their price to U.S. customers even when overseas customers pay lower prices because of government subsidies. In addition, the President want to bring pharmaceutical production to…

KEY TAKEAWAYS Shares in The J.M. Smucker Co. fell in midday trading Wednesday after the food-and-beverage firm swung to a first-quarter loss as the Trump administration’s tariffs hit its coffee division.The company said profit at its U.S. retail coffee division, which owns Folgers coffee as well as the Dunkin’ and Café Bustelo brands, fell by 22%.Smucker shares fell 5% in intraday trading Wednesday and have risen 3% so far this year. Shares in The J.M. Smucker Co. (SJM) fell in midday trading Wednesday after the food-and-beverage firm swung to a first-quarter loss as the Trump administration’s tariffs hit its coffee…

If there’s one piece of identifying data you don’t want falling into the wrong hands, it’s your Social Security number. That’s why recent allegations from a whistleblower are so troubling.On August 26, Charles Borges, the chief data officer (CDO) at the Social Security Administration (SSA), alleged that DOGE (Department of Government Efficiency) employees copied ultrasensitive data to a cloud server that does not meet government standards for protecting data privacy.The whistleblower complaint was submitted by the Government Accountability Project. Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Save up to 74% Sign up for Kiplinger’s Free E-Newsletters…

Key Takeaways Taylor Swift’s net worth is an estimated $1.6 billion in 2025, driven by the record-shattering Eras Tour and ownership of her music catalog.Swift now fully owns the masters of her first six albums, securing long-term financial independence for her music.Her real estate portfolio is worth more than $150 million, spanning New York, Nashville, Beverly Hills, and Rhode Island.In August 2025, Swift became engaged to NFL star Travis Kelce, whose estimated net worth of $90 million is a fraction of hers. Pop superstar Taylor Swift’s net worth climbed in 2025 to an estimated $1.6 billion, according to Forbes. Meanwhile,…

It was another choppy session for stocks Wednesday as market participants looked ahead to Nvidia’s (NVDA) after-the-close earnings event. While the broader markets failed to make big moves, there was plenty of action among individual stocks.NVDA shares finished the day down 0.1%, while the broader market managed to hold onto modest gains into the close. The Dow Jones Industrial Average finished up 0.3% to 45,565, the S&P 500 rose 0.2% to 6,481, and the Nasdaq Composite was 0.2% higher at 21,590.”As the world’s most valuable company [$4.4 trillion in market cap], Nvidia makes up 8% of the S&P 500 by…

Key Takeaways Under the One Big Beautiful Bill Act (OBBBA, 2025), child tax credits increase to $2,200, and there are new $1,000 “Trump accounts” for babies, but families relying on safety net programs face significant cuts. Wealthy families gain about $12,000 annually while the poorest lose $1,600 per year, according to a Congressional Budget Office analysis. The massive tax and spending legislation President Donald Trump dubbed the “Big Beautiful Bill” is set to reshape your family’s finances in ways you might not expect. White House Press Secretary Karoline Leavitt hailed the bill’s passage, saying in a statement that it “delivers on…

What Analysts Think of Nvidia Heading Into Earnings 3 minutes ago Wall Street analysts expect Nvidia’s sales could reach another record high, despite an anticipated hit from export curbs. The company is projected to report adjusted earnings per share of $1.02 for the fiscal second quarter on an over 50% year-over-year jump in revenue to $46.52 billion, according to consensus estimates compiled by Visible Alpha. CEO Jensen Huang could also provide more details during the company’s earnings call about the timing of new products, including Nvidia’s next-generation Rubin lineup and a more powerful AI chip tailored for China’s market. In May, Nvidia warned it could…

With the summer internship season underway, we’re reflecting on the beginning of our career journeys and how our team members got to where they are today. Cathy Clay, Executive Vice President, Global Head of Derivatives, Liz Dierking and Jenny Andrews, former market makers and now the hosts of tastylive’s The LIZ & JNY Show, all share one thing in common, they began their journeys on an options trading floor.Career BeginningsJenny Andrews began her career like many other college students, with a summer internship. Jenny landed an internship on the Cboe trading floor in the OEX Pit as a quote reporter.…