Author: Money Mechanics

Apple Inc. AAPL is reportedly grappling with the slow uptake of its Vision Pro headset, attributed to its high price tag and lack of compelling features.Bloomberg’s Mark Gurman, in his latest “Power On” report revealed that the tech behemoth has been sluggish in rolling out immersive video content, leaving Vision Pro users with a dearth of content to engage with. Despite enhancements to its operating system and the introduction of new apps, the device remains a niche product, with sales reportedly falling short of 1 million units in the US since its debut a year and a half ago.During the last earnings call, Apple’s CEO, Tim Cook, acknowledged the…

Median Bank Account Balances by Age Under 35 35-44 45-54 55-64 65-74 75 or older 2013 $2,800 $4,840 $5,090 $6,360 $8,910 $8,910 2016 $3,150 $4,690 $5,010 $6,620 $9,870 $12,330 2019 $3,760 $5,460 $7,420 $6,520 $9,270 $10,780 2022 $5,400 $7,500 $8,700 $8,000 $13,400 $10,000 Source: The Federal Reserve’s “Survey of Consumer Finances” (2022), median transaction account balances by age group. Transaction accounts include checking, savings, money market, and brokerage cash accounts, and prepaid debit cards. In addition to what’s in bank accounts, the median saver under age 35 has these assets: With the $5,400 in the bank, these amounts total $39,200.…

HousingWire Lead Analyst Logan Mohtashami has been tracking the battle between President Trump and Federal Reserve Chairman Jerome Powell over interest rates since the election. Below is an updated list of articles and podcasts on the topic. August [Podcast] Trump pivots to shadow boxing the Fed Chair Aug. 15Treasury eyes Bowman, Jefferson and Logan for Fed Chair Aug. 11[Podcast] Trump’s Fannie, Freddie IPO and the latest on the Fed Aug. 11Trump appoints economic advisor Stephen Miran to Federal Reserve Board seat Aug. 7[Podcast] Powell faces a mutiny at the Federal Reserve Aug. 7The Fed could cut rates in September. Mortgage…

Kerry Wan/ZDNETZDNET’s key takeawaysUnplug at 100%, keep battery between 20% and 80%.Avoid draining to 0%; store unused tablets at 50%.Use certified chargers to prevent stress and overheating.Get more in-depth ZDNET tech coverage: Add us as a preferred Google source on Chrome and Chromium browsers.As someone who uses a tablet daily, I’m constantly looking for ways to make its battery last longer. However, some habits you don’t think twice about could actually be hurting your battery over time. There are ways to extend your tablet’s battery life, and there are some things you should avoid that do the opposite.Also: These 7 common household…

(Oil & Gas 360) –  We welcome confirmed Keynote Speakers at EnerCom Denver – The Energy Investment 30th Anniversary Conference, August 17-20, 2025. Join us next week!  Andrew Rapp, Senior Advisor in the U.S. Department of Energy, has been confirmed as the Keynote luncheon speaker on Monday, August 18th Ron Gusek, CEO of Liberty Energy, has been confirmed as the Morning Keynote  speaker on Monday, August 18th Chad Zamarin, CEO of Williams, has been confirmed as the  Keynote luncheon speaker on Tuesday, August 19th Craig Bealmear, CFO of Oklo, has been confirmed as the Keynote luncheon speaker on Wednesday, August…

People begin to ponder an important question as the dollar amount rises in their retirement account and the calendar tells them they are another year older:Exactly when should they retire?Is a particular age the right age? Someone approaching 67 who will be eligible for their full Social Security benefits might decide that’s the moment. Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Save up to 74% Sign up for Kiplinger’s Free E-Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more – straight to your e-mail. Profit and prosper…

In the NFL, even the best players have to earn their spot every season — and the people managing your money should be held to the same standard. Sheldon Day’s NFL story began with a narrative that is similar to many, but he’s insistent that it does not end the way that many do, with 78% of professional athletes experiencing financial distress post-sport. He grew up in a relatively poor community on the east side of Indianapolis and did all the work to become an All-American and two-time captain at a little-known football school called Notre Dame. Be thankful Sheldon…

Suddenly being laid off from a job is a shock to your life and to your finances. But there are key things you can do to protect yourself. “Being laid off is never easy. The loss of income, daily structure, and sense of stability can be deeply unsettling. And yet, there are several immediate steps people can take to regain control and protect their financial future during this difficult transition,” said Trevor Ausen, a certified financial planner and founder of Authentic Life Financial Planning. Here are seven things to do to protect your finances after a layoff. Review a Severance…

The years leading up to retirement are full of decisions. Will you replace your days at the office with traveling, volunteering or lying on the beach with a book? When should you start claiming Social Security? Do you want to pick up a part-time job? And here’s yet another important choice you’ll have to make: whether you’ll relocate and, if you do, where you’ll land.If you’re contemplating a post-retirement move, you’re not alone. Roughly one-third of retirement savers don’t think it makes financial sense to stay put once they say goodbye to their job, and about one in six say…

Welcome to Kiplinger’s My First $1 Million series, in which we hear from people who have made $1 million. They’re sharing how they did it and what they’re doing with it. This time, we hear from a married 52-year-old health care worker in Houston who retired from the Army.See our earlier profiles, including a writer in New England, a literacy interventionist in Colorado, a semiretired entrepreneur in Nashville and an events industry CEO in Northern New Jersey. (See all of the profiles here.)Each profile features one person or couple, who will always be completely anonymous to readers, answering questions to…