Author: Money Mechanics

Basswood Capital Management, a director by deputization at Dime Community Bancshares (NYSE:DCOM), reported the indirect sale of 44,402 shares across multiple open-market transactions on June 12, June 15, and June 16, 2026, for total proceeds of approximately $1.76 million, as disclosed in the SEC Form 4 filing. Transaction summary Transaction value based on SEC Form 4 weighted average purchase price ($39.70); post-transaction value based on June 16, 2026 market close. Key questions What is the scale of this sale relative to Basswood Capital Management, L.L.C.’s overall position?The 44,402 shares sold represent 3% of pre-transaction holdings, leaving the firm and its…

When is Amazon Prime Day?  Amazon Prime Day runs from Tuesday, June 23 to Friday, June 26. Do Amazon Prime members get free games?Yes! Amazon Prime members get access to a selection of free digital titles through the Amazon Luna service. Prime members can also claim exclusive perks and bonuses through Twitch, like in-game items and discounts. This month, Amazon Luna is offering Mafia III Definitive Edition, Tomb Raider IV/V/VI Remastered, and XCOM Enemy Unknown Complete Pack, along with a slew of indie titles from GOG.How did we choose these Best Buy deals?ZDNET only writes about deals we want to buy –…

More Americans are growing concerned about their ability to afford retirement.A recent survey from Northwestern Mutual found that 48% of Americans believe they’ll outlive their savings.Many also believe they’ll need at least $1.46 million in savings to retire comfortably in 2026, a $200,000 increase from 2025. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more -…

The aphorism “If you fail to plan, you’re planning to fail” is commonly attributed to Benjamin Franklin.Even if the words are his, he wouldn’t have been thinking about income taxes when he wrote them. Those were introduced in 1862 to temporarily fund the Civil War. The 16th Amendment made them permanent in 1913.Today’s income taxes are quite complex compared to the type of taxation people would have known in the days of the Founding Fathers. And you’ll need to take an active, strategic approach to managing them if you want to optimize your financial position. From just $107.88 $24.99 for…

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 and retired 55-year-old public high school teacher in Midland County, Michigan. He reports his annual salary when he began teaching was $30,000. At retirement in 2020, it was $68,000.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…

Fear gets a bad reputation in retirement planning.We’re told not to be afraid of market volatility, not to panic when stocks fall, not to let inflation, health care costs, taxes, or Social Security headlines hijack our long-term plans.That is good advice — up to a point. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more -…

To help you understand what is going on in the economy 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…Social Security’s cash shortfall is nearing, according to government accountants. The point at which the program’s trust fund of prior tax revenue runs out and legally triggers…

You’ve done everything right, and you’re still losing ground. That’s the sentiment many are feeling, as rising inflation takes bigger bites out of your paychecks when you pump gas, pay your electric bill or go to the grocery store.It used to be that you could turn to a high-yield savings account to outpace it. Yet, with inflation at 4.20% and not likely to cool soon, most savings accounts don’t earn returns keeping pace with inflation.”It’s not just about earning interest,” says Eric Bernstein, President of LendFriend Mortgage. “When your savings are sitting idle, you’re missing out on the compounding power…

For Achmea Re, the successful completion of its new €100 million Windmill III Re DAC (2026-1) catastrophe bond sponsorship is a continuation of its strategy to diversify its sources of reinsurance and strengthen its relationships with capital market investors, according to Managing Director Ewoud Bom.The recently settled issuance was the fifth catastrophe bond to support Achmea Re, the reinsurance division of Achmea, the Netherlands headquartered European insurance group. Achmea Re acts as the cedent to the transaction, which provides a multi-year source of fully-collateralized European windstorm and severe thunderstorm reinsurance protection. Achmea first came to the market at the start…

Oil tankers and cargo vessels are anchored off the coast of Oman after being stranded for days as congestion at Port Sultan Qaboos has prevented them from docking on June 23, 2026 in Muscat, Oman.Elke Scholiers | Getty Images News | Getty ImagesShipping traffic is recovering a week after the U.S. and Iran signed a deal to reopen the Strait of Hormuz — but a renewed attack on a cargo ship Thursday threw fresh uncertainty over the fragile passage, halting the United Nations’ evacuation plan and sending some tankers into reverse. In the week following the ceasefire announcement, 125 transits…