Author: Money Mechanics

The planned demolition of an abandoned South Miami landmark has hit another delay.The redevelopment of Sunset Place—a once-vibrant outdoor shopping center that had been scheduled for teardown in early 2026—remains in limbo. Development firm Midtown Development purchased the 10-acre site for $65.5 million in 2020 after previous owner Federal Realty Investment Trust failed to execute a 2019 redevelopment plan.Midtown’s ambitious new master plan, designed by London-based architectural firm Heatherwick Studio, was approved by the South Miami City Commission in 2024. The proposal replaces the traditional mall with seven towers ranging from 12 to 33 stories, featuring 1,500 residential units, a…

Marc Antaki, a director of GlobalFoundries Inc. (NASDAQ:GFS), executed a non-discretionary sale of 1,671 ordinary shares on July 29, 2026, according to a recent SEC Form 4 filing. Transaction summary Key questions What was the primary driver of this transaction?The disposition was non-discretionary, executed to satisfy tax withholding obligations upon the vesting and settlement of restricted stock units. What is the status of the director’s remaining equity stake?Marc Antaki continues to hold 9,202 shares directly, representing less than 0.01% of the firm’s equity. The filing indicates that 9,262 additional unvested RSUs remain, with tranches scheduled for settlement in April and…

Prospective homebuyers eyeing a condominium may soon discover that mortgage lenders are as interested in the condo building as they are in the buyer.New condo-lending policies taking effect on Aug. 3 from Fannie Mae and Freddie Mac — government-sponsored enterprises that purchase qualifying mortgages on the secondary market — mean that some purchases could involve greater scrutiny by lenders. While lenders already review condo associations in many cases, the new policies require a closer look at the association’s finances, reserve funding and building maintenance for some transactions.The changes are intended to better identify condo buildings with financial or structural problems…

Nina Raemont/ZDNETFollow ZDNET: Add us as a preferred source on Google.ZDNET’s key takeaways I went for a run with the Galaxy Watch 9 while visiting London. Samsung added several helpful features, such as hydration tracking. Ultimately, it’s an intelligent workout companion that’s lighter (and classier) than the Galaxy Watch Ultra 2. As a tourist, there’s one thing I try to do on each trip I go on — go for a run to see some sights (and get in a few hours of exercise). So, of course, while I was in London for Galaxy Unpacked, I decided to go on a run with the Galaxy Watch…

(Oil Price) – Wood Mackenzie now estimates that the global upstream oil and gas sector could generate $495 billion in free cash flow in 2026 if crude averages $90 per barrel, more than doubling its previous forecast based on a $60 oil price assumption. The revision follows the sharp jump in crude prices triggered by the Middle East conflict, turning what had been expected to be another year of disciplined cash generation into one of the industry’s most lucrative windfalls in recent years. Yet the gains will be concentrated among the world’s largest producers, with the 49 national and international oil companies…

A waterfall might not be a common feature in many backyards, but this historic mill-turned-residence has one running through it—and that’s only part of what makes Bloomvale, likely one of the Hudson Valley’s most extraordinary homes currently on the market, so compelling.The remarkable stone estate at 4918 Route 82 in Salt Point, NY, has just come to market for $5.2 million after serving as one family’s home for the past 60 years.Represented by Lindsay Allen of Julia B. Fee Sotheby’s International Realty, the National Register–listed property dates to the 1750s, when it was constructed as a grist mill on Wappinger…

Medical billing mistakes are an expensive epidemic in American healthcare.Studies consistently show that a staggering majority of hospital invoices contain errors, ranging from double billing to miscoded procedures.For decades, consumer advocates have given the same advice: Request an itemized statement and review the codes. But for the average patient, staring at a sheet of five-digit current procedural terminology (CPT) codes is like trying to read hieroglyphics. 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 for Kiplinger’s…

For nearly three decades, financial planning experts relied on a 30-year benchmark: retire at 65, and your money will last to age 95. However, medical advancements, earlier career exits, and active longevity have shifted the baseline.According to Social Security Administration (SSA) data, a 65-year-old married couple has about a 50% chance that at least one partner will live past 90, and a 20% chance of reaching 95. So, preparing for a 40-year retirement is becoming the new normal for many.Yet while most investors recognize that living longer requires a larger nest egg, few might account for how a four-decade timeline…

For decades, you’ve saved in tax-deferred retirement accounts, watching your balance compound untaxed. Then you turn 73, and the IRS comes calling.Required minimum distributions (RMDs) force you to begin withdrawing and paying taxes on those savings — whether you need the money or not.What many retirees don’t realize until it’s too late is that RMDs don’t just create a tax bill. They trigger a cascade of consequences that can raise Medicare premiums, subject Social Security to taxation, push you into higher brackets and affect your estate planning. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed…

A substantial severe weather outbreak in the Midwest of the United States this week is seen as having the potential to result in a top-10 severe weather insurance industry loss event, which would imply the cost could be around $5 billion or higher to the market, according to broker Aon.The severe weather outbreak impacted the Midwest on July 27th 2026 and storms moved to impact the eastern US on July 28th. Severe convective storms (SCS) drove high winds, large hail and some tornadoes across affected regions, resulting in significant property damage in some areas, Aon’s reporting explains. Most notably, an…