Author: Money Mechanics

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. May 15, 2026 Federal Reserve Board announces termination of enforcement actions with UBS Group AG, Credit Suisse AG, Credit Suisse Holdings (USA), Inc., and Credit Suisse AG, New York Branch For release at 11:00 a.m. EDT The Federal Reserve Board on Friday announced the termination of the enforcement actions listed below: UBS Group AG, Zurich, Switzerland, Credit Suisse AG, Zurich Switzerland, Credit Suisse Holdings (USA), Inc., New York, New York and Credit Suisse…

Amid the markets’ twists and turns, BlackRock’s Rick Rieder believes “dynamic patience” has become essential for navigating the turbulence. The 10-year Treasury yield hit a new high for the year after wholesale prices for April came in hotter than expected on Wednesday. The benchmark Treasury touched 4.49%, its highest level since July 17. The Dow Jones Industrial Average and S & P 500 moved lower, while the Nasdaq Composite was boosted by gains in chip stocks. Rieder’s theory of “dynamic patience,” which he laid out in his second-quarter fixed income outlook Wednesday, centers on building income, being creative in deploying…

Kerry Wan/ZDNETFollow ZDNET: Add us as a preferred source on Google.ZDNET’s key takeawaysTweaks can drastically improve how your Android Auto operates. Even the type of cable you use can have a big impact.Wired Android Auto operates more efficiently than wireless.Android Auto can be one of the most useful things about your phone, but if it ever lags or freezes, it can be more frustrating than helpful. Fortunately, there are some easy fixes if your car’s infotainment system is feeling sluggish. And with YouTube coming soon to your car, it’s not a bad time to check in to make sure your system…

(Oil Price) – Developers of the Commonwealth LNG project have taken the final investment decision to build the $13-billion U.S. export plant in Louisiana, underpinned by investments from Kimmeridge, Abu Dhabi-based Mubadala Energy, and Canada Pension Plan Investment Board, the UAE energy investor said on Friday. The Commonwealth LNG facility in Cameron Parish, Louisiana, will have an annual capacity of 9.5 million tons of liquefied gas and is expected to become operational in 2030. Phase 1 development of the export facility on the west bank of the Calcasieu Ship Channel is expected to generate more than $3 billion in annual export revenue when…

Cerebras Systems began trading on the Nasdaq Stock Market on Thursday under the ticker symbol CBRS, completing one of the most highly anticipated initial public offerings in the artificial intelligence sector.The Sunnyvale, California-based company opened for trading at $350/share above its pricing of $185, raising $5.55 billion and implying a valuation of approximately $56.43 billion on a fully diluted basis. According to Reuters, the offering was reportedly oversubscribed roughly 20 times, a signal of outsized institutional appetite for AI infrastructure investment.At its bell-ringing ceremony, Cerebras founder and CEO Andrew Feldman celebrated the company’s entrance into the public markets and thanked…

(Image credit: Mario Tama/Getty Images)When Elon Musk took Tesla (TSLA) to market in June 2010, the electric vehicle maker raised more than $226 million in its initial public offering (IPO). That pales in comparison to General Motors (GM), which raised roughly $20 billion in its November 2010 offering, when the automaker returned to the public markets after filing for Chapter 11 bankruptcy in 2009.Tesla has grown into a trillion-dollar company and the biggest U.S. automaker by market capitalization. The stock has also averaged an annual return of 42.6% since it began trading, outpacing the broader S&P 500 by 31.7 percentage…

(Image credit: Getty Images)For decades, the 401(k) was hailed as the cornerstone of the American retirement dream. However, a quiet revolution has taken place, resulting in a monumental shift in the U.S. retirement landscape: assets in traditional individual retirement accounts (IRAs) now exceed those in 401(k) plans by approximately $9.1 trillion.As of Q4 of 2025, employees held $10.1 trillion in employer-sponsored 401(k)s and $19.2 trillion in IRAs, according to the Investment Company Institute. This massive migration of wealth, fueled by a lifetime of job changes and rollovers, has fundamentally altered the safety net for millions. While IRAs offer unparalleled freedom,…

Each week in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter editor, answers questions on topics submitted by readers. This week, she’s looking at four questions on available tax breaks for retirees with a side hustle. (Get a free issue of The Kiplinger Tax Letter or subscribe.)1. Medicare premiumsQuestion: I am 72 years old, and I pay monthly Medicare premiums. I retired from my full-time job four years ago. I am now a part-time consultant and file Schedule C, reporting my income and deductions from my part-time gig, with my federal tax return. My financial advisor said…

(Image credit: Getty Images)”Buy an S&P 500 ETF” is maybe the most ubiquitous advice in the modern investing world. Financial advisers tell you to do it. I tell you to do it. And we even provide descriptions of the best index funds to buy.For the most part, investors listen. Dozens of ETFs are tethered to the S&P 500 in various ways, but only four directly track the index. And they’re among the most popular funds on the planet:The iShares Core S&P 500 ETF (IVV) has assets under management of $821.8 billion. The Vanguard S&P 500 ETF (VOO) has $817.5 billion,…

“Today” co-host Sheinelle Jones has revealed that she is moving out of the New York home she shared with late husband Uche Ojeh—admitting that she nearly threw out her wedding dress while packing up her longtime abode. Jones, 48, who lost her husband to cancer in May 2025, lifted the lid on the moving process while chatting about her relocation with her “Today” co-host Jenna Bush Hager this week, explaining that she has spent a great deal of time sorting out the belongings that were stored in the basement of her Livingston Manor dwelling. “I’m moving. The kids are going…