Author: Money Mechanics

Key Takeaways AMD CEO Lisa Su told CNBC Wednesday that demand for the company’s chips is “on fire” and that she sees this as an “inflection year” for the company as it rolls out its next-generation products.Shares of AMD slumped Wednesday despite results that topped Wall Street’s estimates. Investors dropped shares of Advanced Micro Devices after its latest earnings. Its CEO says they should be excited about what’s ahead this year. Shares of AMD (AMD), regarded by some as a top alternative to AI chip leader Nvidia (NVDA), plunged over 17% Wednesday, leaving them in the red year-to-date despite quarterly earnings…

(Image credit: Getty Images)The Super Bowl is one of the biggest sporting events. This year’s game is scheduled for Sunday, February 8, and will feature the Seattle Seahawks against the New England Patriots, with Bad Bunny performing at halftime.It is also among the most-watched events; in fact, last year’s game drew an audience of over 127 million, making it the most-watched TV event in history.Whether you’re a fan of the sport or just interested in the entertaining commercials, we’ll show you how to stream it for less. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed…

Key Takeaways Corporate giants such as Amazon, UPS and Dow have made major layoff announcements in recent weeks.Researchers examining labor market data have so far found AI’s impact on jobs to be limited.Some analysts say companies may be “AI-washing” layoffs—blaming AI to distract from deeper problems. The labor market limped into 2026, and big layoff announcements in recent weeks have added fresh anxiety to the fragile jobs picture. Amazon.com (AMZN) said it plans to eliminate about 16,000 corporate roles, while United Parcel Service (UPS) announced 30,000 new job cuts, following an even larger reduction last year. Chemical manufacturing company Dow…

(Image credit: Maja Hitij / Staff)Get ready for two weeks of fast-paced winter competition, the 2026 Winter Olympics are almost here. The Games officially begin February 6, as athletes from more than 90 countries head to Milan and Cortina d’Ampezzo, Italy, to compete for gold across a packed schedule of Olympic winter sports.The Opening Ceremony at Milan’s San Siro stadium will officially launch the 25th Winter Games, though some preliminary events — including ice hockey, curling and snowboarding — will begin beforehand.If you’re planning to watch the action, you’ll have several streaming options. We’ll get into ways to watch the…

Key Takeaways Montana and North Dakota have lowered property taxes in their states, which have been rising along with soaring home values.Several other states, including Florida, Ohio and Kansas, are also looking at ways to reduce or eliminate the taxes charged based on home values.Some states are also trying to replace the funding lost from property tax collection, which is often used to pay for schools and other essential services. Homeowners in Montana and North Dakota are set to see a drop in their property taxes. And they may not be alone as the political movement to lower—or eliminate—state property…

Key Takeaways Eli Lilly’s stock surged Wednesday while shares of weight-loss rival Novo Nordisk slumped, widening the gap between the drugmakers.The stocks of the companies behind popular weight loss drugs Mounjaro and Ozempic have pulled apart since late last year. There’s a growing divergence between the shares of rival weight-loss drugmakers Eli Lilly and Novo Nordisk. Eli Lilly’s (LLY) stock jumped over 10% Wednesday on the company’s stronger-than-expected earnings and rosy outlook. Meanwhile, Novo Nordisk (NVO) saw its U.S.-listed shares sink 6%, a day after the Danish drugmaker warned its sales could take a hit this year. The moves have…

(Image credit: Getty Images)The S&P 500 and the Nasdaq Composite fell for a second straight day as disappointing earnings from mega-cap chipmaker Advanced Micro Devices (AMD) sparked a sell-off across the technology sector. However, the Dow Jones Industrial Average managed to close in positive territory thanks to well-received results from a high-priced health care stock.After Tuesday’s close, AMD said fourth-quarter earnings rose 40% year over year to $1.53 per share, while revenue was up 34% to $10.3 billion. Both figures were higher than Wall Street expected, thanks to a 39% increase in data center revenue.But Wedbush analyst Matt Bryson says…

Small caps are sprinting ahead in 2026, with the Russell 2000 outperforming the other major indices. After years of mega-cap tech dominance, capital is finally rotating toward value and cyclicals. Below, we highlight 5 small-cap stocks positioned to capitalize amid the current market environment. After years of narrow leadership dominated by the “Magnificent Seven” (Apple (NASDAQ:), Microsoft (NASDAQ:), Nvidia (NASDAQ:), Amazon (NASDAQ:), Meta (NASDAQ:), Alphabet (NASDAQ:), Tesla (NASDAQ:)) and mega-cap tech stocks, capital is aggressively rotating into broader, more economically sensitive areas. In the first weeks of 2026, the – the bellwether for small-cap US stocks – has surged past…

Kevin O’Donnell, the CEO of reinsurer and third-party reinsurance capital manager RenaissanceRe, said today that none of the firm’s investor supported joint-ventures entered 2026 any smaller than they were last year, leading to an expectation of relatively stable fee income ahead.Speaking during the RenaissanceRe earnings call today, Kevin O’Donnell highlighted that fee income generated by the firm’s range of reinsurance joint-venture vehicles and insurance-linked securities (ILS) funds remained attractive in 2025. O’Donnell highlighted fee income earned by the RenaissanceRe Capital Partners business as one of the reinsurers key drivers of profit. On which he said an ambition is to, “Continue…

Download the Redfin app now to prepare for a search that starts at the Big Game and spans the country to win a million-dollar home Redfin today announced The Great American Home Search – a nationwide activation that transforms the Big Game into a life changing opportunity to win a home valued at more than $1 million. To play, download or update the Redfin app to participate in this never-been-done-before scavenger hunt. The search begins at 8 p.m. ET, moments after Rocket and Redfin’s Big Game spot airs on February 8. Over the following 48 hours, Redfin will release six…