Author: Money Mechanics

High housing costs and economic instability are driving would-be buyers away.  The median U.S. home-sale price hit a record $400,894 during the four weeks ending June 7, up 1.5% year over year. That marks the first time the typical American existing home has sold for over $400,000, according to a Redfin analysis of MLS data. Monthly payments are historically high, too. The typical monthly payment was $2,619, just $8 shy of late May’s 11-month high. Stubbornly high home prices, combined with mortgage rates in the mid-6% range, are propping up monthly housing payments. High housing costs are pushing many would-be…

Elyse Betters Picaro / ZDNETFollow ZDNET: Add us as a preferred source on Google.ZDNET’s key takeawaysThe Nashville Zoo is fighting a proposed nearby data center.The conflict exemplifies concerns across the country.Zoning policy complicates a dicey situation.In Nashville, Tennessee, folks are worried about the clouded leopards.The cats are a rare and vulnerable species found in countries like Nepal and Bangladesh. Although conservationists are trying to breed them in captivity to ensure their survival, it’s been tricky — the leopards are sensitive to sound.News broke in June that a proposed 69,220-square-foot data center could live on the land just behind the Nashville Zoo at…

(BOE Report) – The Iran war has become an additional driver of demand for gas turbines, Siemens Energy executives said on Thursday, at a time when manufacturers are already flooded with orders due to the massive data centre expansion in the United States. Along with rivals GE Vernova and Mitsubishi Heavy Industries, Siemens Energy has seen demand for gas turbines soar as so-called hyperscalers invest more than $700 billion in energy-hungry artificial intelligence, in turn driving demand for new energy capacity. This trend, which has boosted the firms’ share prices in recent years, is now being supported by Middle East…

An initial public offering is a major milestone for any company. Many of the world’s most innovative and transformative companies have trusted Nasdaq as their exchange partner, and billions of dollars in capital are raised every year through IPOs on Nasdaq’s platform.Nasdaq’s IPO process is distinguished by its transparent technology, which gives underwriters real-time access to view order flow through desktop tools. Nasdaq’s combination of transparency, real-time data, resiliency, and client support differentiates the exchange for major listings.To learn more about how the IPO process comes together, Nasdaq Newsroom sat down with Scott Bacigalupo, Nasdaq’s Senior Vice President of Capital…

Article published at 9:05 a.m. CTJJ Kinahan is Senior Vice President, Head of Retail Expansion and Alternative Investment Products at Cboe Global Markets, Inc. (Cboe).Key Takeaways:Markets climb againInvestors struggle with AI tradeChipmakers move to the upsideThe markets are back on the seesaw today, rising after investors look to be shrugging off the most hard-hitting military action since the ceasefire. The U.S. launched a series of multiple targeted strikes in Iran last night with promises today to keep it up. Iran has retaliated and also vows to continue.That news aside, there are a number of issues affecting trader sentiment. The hype…

Social Security’s primary trust fund will now be exhausted before the end of the next president’s term.AFP via Getty ImagesAmerica’s next president, and the class of senators elected this November, seem all but guaranteed to face the politically perilous task of addressing Social Security’s imminent insolvency before the end of their term. For that, they can thank President Trump. On Tuesday, the program’s trustees confirmed that its Old Age and Survivors Insurance trust fund is now set to run out of money in 2032 — one year earlier than they previously projected. If policymakers fail to act before then, more…

Actress Meg Ryan’s former Montecito mansion has hit the selling block for $19.9 million—an asking price that is more than $3 million higher than the sum the actress received for the dwelling just one year ago. The 64-year-old “When Harry Met Sally” star purchased the picturesque Picacho Lane abode for $9.5 million in August 2021, then spent several years carrying out a meticulous renovation, adding another 3,000 square feet of space to the home, before relisting it for $22.5 million in February 2025. It took several months and a fair few price cuts for Ryan to find a buyer—with the…

A Republican lawmaker is proposing a major tax break for some homeowners, arguing that outdated tax rules are preventing many older adults from selling homes they’ve owned for decades.The “Nest Egg Protection Act” would temporarily increase the federal capital gains tax exclusion to $1 million for qualifying homeowners age 65 and older who sell their primary residence.Under current law, homeowners can exclude up to $250,000 in gains from the sale of a primary residence, while married couples filing jointly can exclude up to $500,000. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from…

Tech stocks have been struggling in the past few days. Some quality stocks may have been sold off too aggressively. What are the best bargain opportunities right now? The closed at 25,169.50 on Wednesday, June 10, down 1.98%, marking its fifth loss in the last six sessions. The tech-heavy index now sits about 7% below its June 2 record high. Markets were pressured by renewed geopolitical tensions after President Trump said negotiations with Iran were taking too long and threatened additional strikes. The comments pushed oil prices higher and weighed on risk sentiment, with technology, industrial, and cyclical stocks among…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 11, 2026 Federal Reserve Board announces final rule that establishes data standards for certain information collections For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced a final rule that establishes data standards for certain information collections submitted to financial regulatory agencies. In addition to the Board, the standards have been approved by several other federal financial regulatory agencies. The standards are designed to promote interoperability of financial regulatory…