Author: Money Mechanics

Ginny Kowalczyk, Manager, Market Data Services, was first introduced to The Night Ministry in 2016 through a Securities Traders Association of Chicago (STAC) board member. They had been volunteering at The Night Ministry and told Ginny about the value and impact of the organization on the local community. She learned that The Night Ministry provides healthcare, meaningful connection and housing support to individuals facing homelessness and poverty in the community and was inspired to begin volunteering.Over the years Ginny became more involved with The Crib, a branch of The Night Ministry that specializes in providing a safe overnight shelter for…

“The word I hear most often about the Haitian community right now is ‘panicked,’” Michael E. McClelland, a longtime Springfield resident, tells Realtor.com®.In recent years, the Ohio city had begun gaining what it had lacked for decades: people. Thousands of Haitian immigrants made homes there, took jobs, opened businesses, and became part of a community that had spent much of the previous half-century shrinking.Then, on July 27, Haiti’s temporary protected status (TPS) was terminated, throwing an unknown number of Springfield residents into limbo. Not every Haitian resident relied on TPS, and some hold another legal status. But many families are…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 30, 2026 Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of First Interstate Bank For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the following enforcement actions listed below: Consent prohibition order against Simon Alberto Gonzalez Former employee of Regions Bank, Birmingham, Alabama Misappropriation of customer funds Consent prohibition order against Ralph A. Mojica Former employee of First…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 30, 2026 Federal Reserve Board issues enforcement action with Iuka Bancshares, Inc. and The Iuka State Bank For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the following enforcement action listed below: Iuka Bancshares, Inc., Salem, Illinois and The Iuka State Bank, Salem, Illinois Written Agreement dated July 15, 2026 Additional enforcement actions can be searched for here. For media inquiries, please email [email protected] or…

By David Enna, Tipswatch.com The new Federal Reserve chairman, Kevin Warsh, stood in front of reporters Wednesday afternoon and said: For some households, businesses, and market professionals five years of high inflation have left a mistaken impression that’s hard to shake, that the Fed’s implicit inflation target was somehow above 2 percent. Let me reiterate, there is no soft inflation target. There is no soft implicit target, not on this committee’s watch. There’s only a target, and it’s 2 percent. Warsh That seems pretty straightforward, ironically from the man who said as recently as June 17, “I tend to focus…

Today’s housing market rewards patience over panic: With hundreds of thousands more sellers than buyers in the U.S., buyers in most of the country have time to peruse options and negotiate.  U.S. pending home sales fell to their lowest level since early April during the four weeks ending July 26, dropping 1.7% in the last week alone. Tours of home listings are up 15% since the start of the year, compared with a 31% increase at this time last year, according to data from ShowingTime.  Homebuying demand is declining partly because mortgage rates are rising: The daily average rate rose…

Robinhood Markets (NASDAQ:HOOD) reported record second-quarter revenue, net deposits and platform engagement, while outlining continued investments in trading products, banking, international expansion and blockchain-based financial services. Revenue rose 32% year over year to a record $1.3 billion in the second quarter, driven by growth across transaction-based revenue, interest-earning assets and other revenue streams, CFO Shiv Verma said. Adjusted EBITDA increased 35% from a year earlier to $741 million, producing a 57% margin, while earnings per share rose 48% to $0.62. The company recorded $22 billion in net deposits during the quarter, representing a 28% annualized growth rate, and added nearly…

What are the Money & Happiness Green Zones?gettyAs complicated as retirement planning may sometimes be, the underlying goal often comes down to one simple question: “Do I have enough to retire and stay happy?” Too often, people chase a magic number they saw in a headline, only to discover that an arbitrary bank balance doesn’t necessarily provide the life they actually want. What Are The Money & Happiness Green Zones?In my extensive research on America’s happiest retirees for The Retire Sooner Method, drawing on nationwide survey data and analysis of more than a thousand retirement households, the individuals who reported…

The Federal Reserve of Minneapolis has proposed a new way of measuring homeownership that would change the current view of the housing landscape.In a paper released earlier this month, researchers suggested that homeownership in America should be measured not by the share of homes where the owner is a resident, often called owner occupancy.Its alternative is to measure the share of adult population that owns their homes, which it called the “homeowners-to-population” (HPOP) ratio.The change might seem nuanced, but it leads to a major shift: While 65% of homes are owner-occupied, just 53% of U.S. adults own a home.The Minneapolis…

Stocks jumped out of the gate Thursday and stayed higher through the close as well-received earnings from Microsoft (MSFT) overshadowed a disappointing reaction to Meta Platforms’ (META) quarterly results. Market participants also kept an eye on a busy economic calendar and surging long-term Treasury yields, though these did little to shift today’s price action.At the close, the blue-chip Dow Jones Industrial Average was up 1.2% at 52,208, the broader S&P 500 was 1.7% higher at 7,437, and the tech-heavy Nasdaq Composite had surged 2.8% to 25,122.And in the bond market, long-term yields continued to climb, with the 10-year Treasury yield…