Author: Money Mechanics

Over the past few years, cord-cutting has gone from a niche lifestyle choice to the norm for millions of households. With cable prices climbing and streaming services multiplying, families are looking for smarter ways to get the content they want without paying for what they don’t watch.A pioneer in live TV streaming, Sling has built its brand on flexibility and affordability.Now, with the launch of its new Sling Select package, a streamlined bundle priced at just $19.99/month, Sling is offering an affordable way to get key live channels, watch sports and other networks that you pick based on your preferences.…

Retirement doesn’t have to be permanent, but it sure feels like it for the people who retire and attempt to get their old jobs or similar ones back.Blame it on ageism, a perceived lack of tech know-how, or some other reason, but either way, companies aren’t too keen to rehire their retirees.A Transamerica Institute survey from last year, which polled nearly 2,000 employers nationwide, found that the median age considered too old to hire was 58. The age considered too old to work? 62. Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Save up to 74% Sign…

Key Takeaways More than 58,000 home purchase agreements were canceled last month, or 15.3% of all homes that went under contract, according to a report from Redfin. Deals were most likely to collapse in Texas and Florida, two states that have seen relatively high rates of housing construction. Monthly costs—mortgage rates, insurance premiums, property taxes, and other fees—could play a big role in deals falling through. Buyers’ reluctance could help push prices lower and reset the housing market, say advisors. More would-be homebuyers than ever are backing out of their purchase agreements.  More than 58,000 home purchase agreements were canceled…

Intel (INTC) stock surged further Friday afternoon as President Donald Trump said the struggling chipmaker had agreed to allow the U.S. government to take a 10% stake. At a press gathering in the Oval Office announcing the World Cup draw would be held at the Kennedy Center on Dec. 5, Trump said of Intel, “They’ve agreed to do it, and I think it’s a great deal for them.” Citing people familiar with the matter, Bloomberg reported earlier Friday that the Trump administration and Intel were set to announce details today of an agreement that would see the U.S. take a…

Key Takeaways Redfin found that homebuyers need less income to afford a typical house in 2025 in 11 of the 50 largest U.S. metro areas, mostly in the Sun Belt.Oakland and Jacksonville had the biggest year-over-year declines, as increased supply from pandemic-era construction has driven down costs, Redfin said.Still, the typical U.S. home costs more than the average household can afford. Affordable homes have become far harder to find in recent years for most Americans. Fortunately, there are a handful of places where it’s easier to afford a typical house today than it was a year ago, according to a…

As earnings season heats up, market participants are closely watching the Magnificent Seven (Mag7) stocks for signs of volatility and directional momentum. With upcoming earnings reports, options pricing reveals heightened expectations for post-earnings moves.Heavyweights Set to Drive Market Volume and VolatilitySix of the seven Mag7 companies reported earnings at the end of July — Google and Tesla reported on July 23, followed by Meta, Microsoft, Apple and Amazon the following week. Nvidia does not report earnings until late August.Options on the Mag7 make up about 25% of the single stock option volume daily. There are 8 million Mag 7 options…

KEY TAKEAWAYS Federal Reserve Chair Jerome Powell pointed toward a potential interest rate cut at the central bank’s next meeting in September.However, it is not a sure thing as Fed officials are still debating if it should address tariff-related inflation by keeping rates where they are or the slowing labor market by cutting rates.If the Fed does deliver a rate cut next month, it would lower borrowing costs on many loans and potentially speed up the labor market. But consumers should lock in high yields on investments before banks lower them. Federal Reserve Chair Jerome Powell says the central bank…

KEY TAKEAWAYS Lucid said it will proceed with plans for a 1-for-10 reverse stock split, as the unprofitable EV startup looks to boost its share price.The stock has lost nearly a third of its value so far this year amid worries about its outlook and expiring EV tax credits.  Earlier this month, the company cut its 2025 production guidance. Lucid Group (LCID) said it will proceed with plans for a 1-for-10 reverse stock split, as the unprofitable EV startup looks to boost its share price. In a reverse stock split, a company cuts the number of its outstanding shares and increases the per-share…

A strong rally erupted on Friday on Wall Street shortly after Federal Reserve Chair Jerome Powell delivered a notably dovish message during his highly anticipated speech at Jackson Hole. Powell said the Fed is prepared to adjust its policy stance—a clear nod to potential interest rate cuts—in response to the sharp cooling in the labor market. He also adopted a more tolerant tone on inflation risks stemming from trade tariffs, saying the Fed’s base case assumes these would result in one-off price increases, not a sustained inflation surge. It was party time for markets. Every sector in the S&P 500…

 In your recent TradeTalks interview, you highlighted how RIAs are focused on how private data and client information is stored. Can you share what Golsan Scruggs does in the event there is a data breach?  This is where the rubber meets the road. We are often the first point of contact for an insured RIA once a breach is discovered. Typically, an insurance company representative then begins working the claim as the “breach coach.” Our job becomes oversight and monitoring of the claim to ensure it is being properly adjusted and addressed by the insurer. Having been through dozens of…