Author: Money Mechanics

The landmark 21st Century Road to Housing Act will be sent to President Donald Trump, a day after he abruptly canceled signing it.A spokesperson for House Speaker Mike Johnson (R-LA) confirmed to Realtor.com® that Johnson will formally submit the bill to Trump. Once he receives it, the president has 10 days to either sign or veto the bill. If he takes no action while Congress is in session, it will automatically become law.The bipartisan bill is one of the most comprehensive housing bills in decades. The House passed it in a 358-32 vote on Tuesday night, one day after the Senate easily…

Personal income increased $181.6 billion (0.7 percent at a monthly rate) in May, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI)—personal income less personal current taxes—increased $164.9 billion (0.7 percent), and personal consumption expenditures (PCE) increased $156.1 billion (0.7 percent).Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $159.9 billion in May. Personal saving was $704.2 billion in May, and the personal saving rate—personal saving as a percentage of DPI—was 3.0 percent.The increase in current-dollar personal income in May primarily reflected increases in farm proprietors’ income and…

We recently published David Tepper Stock Portfolio: 10 Long-Term Stock Picks. ASML Holding N.V. (NASDAQ:ASML) is one of the long-term stock picks. ASML Holding N.V. (NASDAQ:ASML) is one of the most important firms in the world due to its ability to make advanced chip manufacturing machines. It has been present in Appaloosa Management’s 13F holdings since the fourth quarter of 2013. After remaining the holding until the second quarter of 2014, ASML Holding N.V. (NASDAQ:ASML) reappeared in 2023’s second quarter when the fund held 80,000 shares that were worth $57 million. Since then, the Dutch equipment manufacturer has been a…

I have returned from travels, and trying to catch up on things. The most important headlines have been about the situation in the Gulf of Hormuz, but I do not have anything new to say on that. The global economy seems to be coping with the reduced flow of commodities out of the conflict region, although the effects seem to be unevenly distributed. (Worriers will point out that inventories are getting low, but I really do not want to spend too much time arguing that oil pricing is wrong.) The story that has caught my eye has been worrying about…

Maria Diaz/ZDNETFollow ZDNET: Add us as a preferred source on Google.Amazon Prime Day deals are available through June 26 and include a 50% discount on the Fire TV Stick 4K Plus. The streaming stick is now only $25, down from its regular price of $50, a perfect deal during Prime Day, when Amazon tends to discount its devices. This is the best price we’ve ever seen for the Fire TV Stick 4K Plus since its launch, and it’s only been as low as $25 during Black Friday and the Amazon Spring Sale.Also: Prime Day ends soon: We hand-picked the 95+ best deals still…

The Rent Guidelines Board approved a 0% rent increase on one- and two-year leases Thursday night, delivering New York City Mayor Zohran Mamdani perhaps his largest political win to date and angering some of the city’s landlords.The freeze passed in a 7-1 vote, with only Arpit Gupta, an economist who was appointed to the board in 2022 by then-mayor Eric Adams, voting no.But it was Maksim Wynn’s statement that stoked controversy at the meeting.”As the owner’s representative, my primary concern is ensuring that rent stabilized buildings,” he began, before being largely drowned out by a raucous crowd who chanted, blew…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 25, 2026 Federal Reserve Board issues enforcement action with employee of Bank of Eufaula and S N B Bancshares, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent cease-and-desist order against Jason Burns President and director of Bank of Eufaula and director of S N B Bancshares, Inc., Eufaula, Oklahoma Unsafe Lending Practices For media inquiries, please email…

Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the first quarter of 2026 (January, February, and March), according to the third estimate released today by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2025, real GDP increased 0.5 percent.Real GDP was revised up 0.5 percentage point from the second estimate, primarily reflecting a downward revision to imports, which are a subtraction in the calculation of GDP, that was partly offset by a downward revision to consumer spending. For more information, refer to the “Technical Notes” below.The contributors to the increase in…

Dividend stocks offer defensive income opportunities as markets remain expensive and uncertain. Long-term dividend investing requires focusing on quality, sustainability, and consistent payout growth. The analysis highlights seven US dividend stocks with attractive long-term investment potential. While the first Fed meeting chaired by Kevin Warsh ended with interest rates unchanged at 3.50% to 3.75% for a fourth straight meeting, uncertainty across the and broader markets continues to grow. In this environment, investors are increasingly looking for stability, making dividend-paying stocks an attractive choice, particularly for those with a long-term investment horizon.Dividend-paying stocks: A shield with multiple benefits Dividend-paying stocks offer…

US President Donald Trump speaks during a kickoff celebration for the Great American State Fair on the National Mall in Washington, DC, US, on Wednesday, June 24, 2026. Bonnie Cash | Bloomberg | Getty ImagesPresident Donald Trump pledged Wednesday to deploy U.S. resources to earthquake-stricken Venezuela after back-to-back tremors of magnitude 7.2 and 7.5 struck near the country’s northern coast, flattening buildings in the capital Caracas and prompting a state of emergency. “The U.S. stands ready, willing, and able to help,” Trump said in a Truth Social post Wednesday evening stateside. The president added that he had instructed all government…