Author: Money Mechanics

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(Image credit: Getty Images)All three main equity indexes closed lower on Friday, as the AI trade unwound a little more in the wake of weak guidance from a major chip player. Meanwhile, a much stronger-than-expected nonfarm payrolls report sapped almost all hope for lower interest rates this year.The front-month West Texas Intermediate crude oil futures contract was down 2.9% to $90.32 per barrel on Friday but rose 3.4% this week. The U.S. and Iran are in a stalemate in the Middle East, and the Strait of Hormuz remains closed, with Saturday marking 100 days since the war began on February…

If you’re facing water damage in your rental, you may be wondering if renters insurance covers it. The quick answer is: It depends on how the water got there in the first place. Here’s when renters insurance covers water damage, when it doesn’t, and who’s typically responsible for paying for repairs. What renters insurance covers when it comes to water damage When it comes to renters insurance water damage claims, the biggest distinction is usually whether the damage was sudden and accidental or gradual and preventable. In general, renters insurance will cover damage from sudden and accidental incidents. For example,…

priced the interruption. Bonds priced the bill. is pricing the loss of trust. There is an old hotel trick in cities under stress. When one room floods, guests are moved to another. When the wiring fails there, they are moved again. Nobody leaves the building. They simply keep changing floors, each move presented as a solution, each room carrying the same problem in a different form. That is how markets have behaved since the Iran conflict began in February. Capital has not found safety. It has rotated through discomfort. First into oil, then away from bonds, then out of gold,…

When is Amazon Prime Day? Amazon Prime Day kicks off Tuesday, June 23 this year, and lasts until Friday, June 26. How did we choose these early Amazon Prime Day deals?We see lots of laptop deals every Prime Day, but we only highlight devices that we’d actually buy ourselves. That means models we’ve either tested personally or are familiar with, and almost always from the major laptop brands, which have the most reliable devices in terms of product quality, build, and performance. We look for deals that are at least 20% off (or are hardly ever on sale), using established price comparison tools…

(Oil & Gas 360) By Greg Barnett, MBA – The latest Monthly Energy Review, released May 26, 2026, does not introduce a new story. It confirms an existing one. The U.S. energy system remains balanced, production remains elevated, and consumption remains flat. On the surface, the system looks calm. That appearance has not changed since the first interpretation of this dataset earlier in May. What has changed is the clarity with which that stability can now be understood. Looking across three consecutive MER cycles—May 2024, May 2025, and the current May 2026 release—the pattern is consistent and difficult to misinterpret.…

A purpose trust can preserve your legacy for a business, charitable or other goal but there are issues with this technique and an alterative approach may be better.gettyPatagonia’s Purpose TrustPurpose trusts are a fascinating estate planning tool and they have received considerable attention since the founder of Patagonia, Yvon Chouinard (1973) used a purpose trust as a keystone of his estate plan focused on environmental efforts. The entire structure was certainly a noble goal to accomplish good in the world. In very simplistic terms Chouinard transferred the Patagonia voting stock to a purpose trust. Most of the non-voting stock was…

A former D.C. housing official pleaded guilty Thursday in a scheme to invent a fake federal housing program for veterans in order to defraud mortgage lenders of $15 million.Richard Cunningham, 55, pleaded guilty to making false statements to a mortgage lending business. In a plea agreement filed this week, the private developer who’d formerly worked at the District of Columbia Housing Authority admitted to lying to lenders about properties he controls in DC.He could face up to 20 years in prison and a $1 million fine for the scheme. An attorney representing Cunningham didn’t respond to a request for comment.…

(Image credit: Getty Images)Mutual funds are steadily losing ground to exchange-traded funds (ETFs). But one category has remained surprisingly resilient: money market funds. It’s basically about stability and liquidity.Still, one corner of the ETF market has increasingly begun to challenge the traditional money market fund moat: ultra-short bond ETFs.Prices of ultra-short bond ETFs fluctuate modestly based on changes in interest rates and the underlying value of their holdings. 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…

Blackstone-backed data center operator AirTrunk said on Friday it would invest $30 billion in India by 2030, adding to a wave of commitments from technology and infrastructure groups seeking to expand computing capacity in the country. The Australian company said it would develop 5 gigawatts of new data center capacity in India, one of the largest commitments to the South Asian nation’s digital infrastructure sector. AirTrunk entered India earlier this year through the acquisition of Lumina CloudInfra. AirTrunk’s commitment underlines India’s growing appeal as a destination for AI infrastructure, as tech companies and investors seek new geographies to expand computing…