Author: Money Mechanics

To help you understand what’s going on in politics and what we expect to happen in the future, our highly experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You’ll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest…A fractured Congress will reconvene on September 2. A possible government shutdown awaits. Failure to pass federal funding for the new fiscal year, starting October 1, would shutter many…

Stocks opened cautiously higher to start the week, but were mixed by the close.Monday’s choppy trading likely foreshadows what we’ll see throughout the week as Wall Street awaits rate-cut clues from Wednesday’s release of the minutes from the July Fed meeting and Federal Reserve Chair Jerome Powell’s speech this Friday at the Jackson Hole Economic Symposium.Just days after the central bank concluded its most recent policy meeting – where it left the federal funds rate unchanged – the July jobs report came in much lower than expected. Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Save up…

Credit reports serve as economic gatekeepers for millions of Americans seeking to buy a home, start a business, or get a car loan. When these reports contain inaccuracies or mistakes, consumers can face serious financial consequences – from loan denials to higher interest rates.The Fair Credit Reporting Act establishes clear legal requirements for credit reporting companies. They must ensure the accuracy of the detailed dossiers they compile on Americans, provide consumers access to their information, and give consumers the right to correct inaccurate data. These core provisions protect consumers by helping ensure that credit report information is about the right…

In a press release last week, Amazon announced that it was expanding its same-day fresh grocery delivery service to over 1,000 cities and towns across the country – with plans to add 2,300 more locations by the end of this year. It’s also added thousands of new perishable grocery items like produce, dairy, meat and more to its online marketplace.You might be thinking that this isn’t news because Amazon Fresh already exists and already delivers fresh groceries to your door in a matter of hours. The major online marketplace emphasized that this new service is not the same Amazon Fresh…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 16, 2025 Agencies issue joint proposal to rescind 2023 Community Reinvestment Act final rule Federal Deposit Insurance Corporation Federal Reserve Board Office of the Comptroller of the Currency For release at 2:30 p.m. EDT Federal bank regulatory agencies today jointly issued a proposal to rescind the Community Reinvestment Act (CRA) final rule issued in October 2023 and replace it with the prior CRA regulations that were originally adopted by the agencies…

(Oil & Gas 360) – Nuclear Companies Presenting at EnerCom Denver – The Energy Investment Conference.  Log in to join us.   The nuclear company lineup for the conference includes: Oklo (NYSE: OKLO) Oklo deploys sodium fast reactors using recycled nuclear waste and down blended fissionable material, or High-Assay, Low-Enriched Uranium fuel to generate electricity. Its commercial Aurora power plant is engineered to produce 75 megawatts.  Oklo has a DOE site permit for its first reactor at the Idaho National Labs with plans for commercial operation by 2028.  The company’s acquisition of Atomic Alchemy also allows Oklo to produce radioisotopes…

Key Takeaways Morgan Stanley estimates AI adoption could translate into annual net benefits of some $920 billion for S&P 500 companies, though it could take years to achieve and there is substantial risk that the benefits won’t be fully realized.AI could address shortfalls in the labor market “rather than killing jobs,” according to Morgan Stanley.Wells Fargo economists say the “high-tech” category currently accounts for a modest portion of U.S. manufacturing, but is poised to expand. Artificial intelligence giveth and taketh away, but it might be more of the former than the latter. Morgan Stanley estimates the annual net economic benefit…

Key Takeaways If you’re socking away savings at Chase, Bank of America, or Wells Fargo, you’re earning virtually nothing in interest. But it doesn’t have to be that way—dozens of small and medium-sized banks pay rates of 4%-5% on their high-yield savings accounts. Worried a smaller bank isn’t as safe? FDIC insurance protects deposits at every bank, no matter the size. On every $10,000, a 4.50% savings account pays $450 a year—versus just $1 at the three biggest banks. The full article continues below these offers from our partners. Big Banks Feel Familiar, but Smaller FDIC Banks Are Just as…

Key Takeaways New grads face a challenging job market, with an unemployment rate higher than the overall workforce. Chris Martin, a lead researcher at Glassdoor, suggests that new grads stay flexible on roles and locations and tap their wider network for advice and referrals. He recommends using artificial intelligence (AI) for some finishing touches, but not using a large language model to draft your resume or cover letter—you want to stand out in the application process. New college graduates are having a tough time landing a job, and using AI to game the application process might not improve your chances…

Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2025 (April, May, and June), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.5 percent.The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending. These movements were partly offset by decreases in investment and exports. For more information, refer to the “Technical Notes” below.Compared to the first quarter, the upturn…