Author: Money Mechanics

(L/R) Congressional candidates Brad Lander and Claire Valdez, US Senator Bernie Sanders (I-VT), and New York Mayor Zohran Mamdani raise their joined hands during the “Our Team, Our Year” Get Out The Vote (GOTV) rally at the Kings Theatre in Brooklyn, New York, on June 18, 2026. Kena Betancur | AFP | Getty ImagesConventional wisdom would suggest that Dan Goldman cruises to re-nomination in Tuesday’s Democratic primary for New York’s 10th congressional district. Scandal-free, two-term incumbent representatives who maintain a community presence, stay out of the national media spotlight and vote nearly entirely in line with their party rarely see…

Password manager maker LastPass is notifying customers that their personal information and customer support case records were stolen during a recent hack at one of its technology partners, marking the company’s latest data breach in recent years. In an email shared with TechCrunch from an affected customer, LastPass said the breach occurred at market research firm Klue, and not its own systems. However, hackers abused their access to obtain reams of data about LastPass customers. LastPass is the latest in a growing list of cybersecurity companies that have reported data thefts as a result of the breach at Klue, which…

Think back to the summer of 1976. Sunday afternoons meant tuning in to hear Casey Kasem count down the biggest hits in the land, while neighborhood streets were filled with kids on skateboards wearing striped tube socks pulled up to their knees. It was a season steeped in a collective, slow-building excitement as the entire nation braced for its 200th birthday.Over in Manhattan, the newly opened Twin Towers stood as shiny symbols of modern architectural ambition, serving as a soaring backdrop for the massive parade of international Tall Ships that came to celebrate America’s Bicentennial as part of Operation Sail.But…

This is a topic that will receive a lot more attention in the coming years. Let’s address the elephant in the room: Social Security is not going bankrupt. Social Security is not a Ponzi scheme; it’s basically money in and money out, a-pay-as-you-go system. If Congress does not make changes either in the funding mechanisms or benefit structure, benefits will be cut across the board by 22% in 2032. Congress has kicked this can down the road for 40 years. The government created the perception that Social Security was placed “in” the general fund when it adopted the unified federal…

If you have a modest nest egg, you might want to chase cheap listings so you can buy shares in larger lots. Buying stocks priced below $20 can be tempting.But “dirt cheap” doesn’t always mean “good value.” In fact, many low-priced stocks trade where they trade for legitimate reasons, among them weak earnings, heavy debt and/or broken business models that may never recover.Still, if price alone isn’t a sign of a good stock, then neither should price alone signal a bad stock. The important thing is to focus on fundamentals. From just $107.88 $24.99 for Kiplinger Personal Finance Become a…

Ryan Serhant is expanding his fast-growing real estate empire to the Lone Star State.The star of Netflix’s “Owning Manhattan” and founder of Serhant has announced a major expansion into Texas, where the brokerage will officially launch in Houston, Austin, San Antonio, and Dallas.The move marks another significant milestone for the real estate company, which has rapidly transformed from a New York-based startup into a nationwide brokerage presence.Speaking with Realtor.com® about the expansion, Serhant revealed that choosing the Lone Star State as the brokerage’s new stomping grounds was “strategic””Texas is a strategic state for Serhant,” he explained. “It is centrally located and…

Shannon Saccocia, the Chief Investment Officer–Wealth at Neuberger, an investment management firm, spoke with Kiplinger about what she’s predicting for the rest of 2026, resiliency for the market and consumers, and where she sees opportunities for investors.Kiplinger: What’s your outlook for the second half of 2026? Do you have a target for the S&P 500?Saccocia: We don’t have price targets, but with the U.S. stock market recently trading below the peak in its price-earnings multiple, while earnings estimates have risen, could we see the S&P 500 up another 5% to 7% by the end of the year? It’s possible, even…

My paralegal let me know I had a call waiting from a woman who teaches broadcast journalism. She wanted to discuss serious issues facing university students who find themselves caught in a trap because of the employment contract they signed when they were hired as a broadcast journalist.I took the call, from “Rachel,” who first wanted assurance that our conversation would be confidential. After I assured her it would be, she told me that she was calling about employees on the news teams of local TV stations owned by giant corporations “being forced to continue working when they want to…

For decades, wealth management conversations largely centered on the question, “How much is enough?”Today, many high-net-worth women are asking a different question: “What is this wealth ultimately for?”That shift is helping redefine modern financial planning. Women are viewing wealth not simply as a measure of financial accumulation, but as a tool to support wellbeing, family, values and impact. 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 Free Newsletters Profit and prosper with the best…

Crypto payments firm MoonPay has acquired Entendre, a developer of AI-based accounting software used by stablecoin payments and fintech groups, to enhance its back-office financial processes. The transaction adds Entendre’s software to areas such as reconciliation, treasury management and period-end closing. Entendre provides automation for finance operations with high transaction volumes, several legal entities and activity in multiple currencies. Its users include Polygon Labs, Thirdweb, Brale, Babylon Labs, Ostium, Courtyard and DoubleZero. The company claims organisations on its system typically oversee more than 30 financial accounts, handle about 25,000 transactions each month and operate across at least three legal entities.…