Author: Money Mechanics

Relativity Space—a rocket maker acquired by former Google executive chair Eric Schmidt last year after stumbling on the path to orbit—might just beat SpaceX to Mars. On Tuesday, NASA said it hired the company to build a spacecraft to house a suite of scientific instruments, launch it into space, and fly it to Mars. The structure of the contract is akin to the deals that NASA made with SpaceX to fly cargo to the International Space Station, or Firefly Aerospace to put a lander on the Moon. The government agency handles the science, while the private company provides low-cost infrastructure.…

(By Oil & Gas 360) – The artificial intelligence revolution is creating an unexpected winner in the energy sector: uranium. For years, uranium and nuclear energy occupied a relatively niche corner of the investment landscape, supported primarily by utilities, governments, and a handful of long-term investors. Today, that picture is changing rapidly. The rise of artificial intelligence, hyperscale data centers, and cloud computing is creating a new class of energy consumers whose demand for reliable electricity may be impossible to satisfy without a significant expansion of nuclear power. The reason is simple: artificial intelligence requires enormous amounts of electricity. Training advanced…

Thanks to the double whammy of high home prices and elevated interest rates, house flipping has suffered lately. But the tide might be turning, as a new report shows flipper profit margins are rising for the first time in nearly two years.The typical profit margin for a flipped home hit 25.4% in the first quarter of 2026, up from 24.7% in the previous quarter, which marked its lowest point since 2008, according to the quarterly report on home flipping from real estate data analytics firm ATTOM.”The first increase in flipping returns in nearly two years is a welcome sign for…

One of the key questions for investment professionals is whether oil prices will return to pre-war levels once the Middle East crisis is resolved. At the same time, many are asking why oil prices are not higher, especially since the latest geopolitical deal recently pushed to its lowest level since the initial attack. More than 100 days after the war in Iran disrupted the Strait of Hormuz, oil prices remain surprisingly contained, and one such reason could be China’s sharp pullback from the crude market. According to Vortexa data, Chinese crude imports by tanker fell to 6.7 million barrels a…

Washington, DC, could soon have a new mayor in Janeese Lewis George, whose “Homes for All” platform could set her on a collision course with President Donald Trump.Lewis George pulled ahead of her main competition, fellow DC council member Kenyan McDuffie, following Tuesday’s Democratic primary election for the city’s next mayor.She currently leads with 53% of the vote to McDuffie’s 37%, although the final tally could take days to complete. There was a difference of about 15,000 votes between them as of Wednesday, according to the DC Board of Elections. Lewis George’s campaign was celebratory as the votes came in.”If…

Article published at 9:00 a.m. CTJJ Kinahan is Senior Vice President, Head of Retail Expansion and Alternative Investment Products at Cboe Global Markets, Inc. (Cboe).Key Takeaways:Investors await Kevin Warsh’s Fed debutTriple witching could lead to volatilitySpaceX continues to challenge leadershipInvestors are mostly standing on the sidelines in early trading ahead of the Federal Reserve’s first meeting with Kevin Warsh, the new chair of the Fed. They’re also again navigating the topsy-turvy movements that have dominated market activity in recent sessions as rotations in and out of technology stocks, coupled with geopolitical news, are leading the bumpy rides.As steady as market…

Sudden wealth from tech, AI, SpaceX or other sources requires reflective, thoughtful planning even for young newly wealthy.gettyThe tech wave of wealth creation is unfolding at unprecedented speed. Artificial intelligence companies approaching liquidity events are producing thousands of newly minted millionaires, just as the recent Space X public offering did. Many of these new wealthy are young, technically brilliant, but have the same human emotions and aspirations we all do. Those can be dangerous.With that sudden wealth comes a familiar—and often destructive—pattern.Those experiencing rapid financial success frequently gravitate toward large, expensive homes, multiple residences, and highly visible lifestyle upgrades. The…

Chip and Joanna Gaines are giving fans the chance to own a sizable chunk of reality TV history—listing three of their most recognizable renovation projects all at once, including two properties that were featured on their hit show, “Fixer Upper.”The beloved home renovation experts have brought a trio of meticulously restored Texas properties to the market in a move that could see them raking in an impressive $5.33 million, if they can fetch the asking prices for the abodes.All of the dwellings—known as The Castle, The Hillcrest Estate, and The Gristmill—will no doubt be instantly recognizable to the couple’s fans,…

The main equity indexes were moving sideways through midday on Wednesday, as markets awaited word from the new leader of the world’s most important central bank about inflation, interest rates and economic growth. All three fell sharply following the release of the first FOMC policy statement under the leadership of new Fed Chair Kevin Warsh.Maybe it’s a little too simple, maybe it’s not when the new chair is as loudly committed to keeping a tighter lid on Fed communications as this one is, but the Federal Open Market Committee used 344 words to announce a historically split decision following its…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 17, 2026 Federal Reserve Board and Federal Open Market Committee release economic projections from the June 16-17 FOMC meeting For release at 2:00 p.m. EDT The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with the June 16-17 meeting. For media inquiries, email [email protected] or call 202-452-2955. Projections (PDF) | Accessible Materials Last Update: June 17, 2026 Source link