Author: Money Mechanics

(World Oil) — U.S. upstream mergers and acquisitions slowed sharply in the second quarter as crude price volatility complicated deal valuations, but competition for premium Permian basin inventory remained strong and activity is expected to accelerate later this year, according to Enverus Intelligence Research (EIR). Total upstream M&A reached $9.1 billion during the quarter, down 76% from the first quarter and 33% from a year earlier, making it the third-lowest quarterly total since 2020. More than 40% of the quarter’s value came from the Bureau of Land Management‘s record-setting New Mexico lease sale, which generated more than $4 billion. Enverus said volatility tied to the…

U.S. equities were mixed in July as leadership narrowed after June’s small-cap rotation. The S&P 500® Index was fractionally lower on the month, near 7,490, while the Russell 2000® Index (RUT) fell 3.1% to 2,931, giving back much of June’s 4.3% gain but remaining up just over 18% year-to-date. The Cboe S&P 500 Equal Weight Index (SPEQX) rose 0.9% and the Cboe Magnificent 10℠ Index (MGTN) added 0.6%.Volatility was relatively stable with the Cboe Volatility Index® (the VIX® Index) sliding from 16.45 to 15.99, while the Cboe S&P 500 Three-Month Volatility Index (VIX3M) stayed near 19. Implied correlation moved higher…

Minority-owned businesses are one of the fastest-growing segments of the U.S. economy.The U.S. Census Bureau puts the number at an estimated 1.3 million.And according to the 2024 Minority Businesses Economic Impact Report, they generate nearly $600 billion in annual economic output while posting year-over-year gains in production, employment and wages. 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 of expert advice on investing, taxes, retirement, personal…

A top Senate Democrat has expressed concerns that brokerage giant Compass Inc.’s private listings network could create a “two-tiered housing market” that “increases risks of civil rights violations” in a letter to the company’s CEO, Realtor.com® can exclusively reveal.Sen. Elizabeth Warren (D-MA), ranking member of the Senate Committee on Banking, Housing and Urban Affairs, on Thursday sent a letter to Compass CEO Robert Reffkin and Rebecca Jensen, CEO of Midwest Real Estate Data, requesting information about their recent partnership to create a national database of private listings.”Your partnership threatens to create a two-tiered housing market where insiders pay for exclusive…

Three decades ago, buying a stock required a phone call to a broker, a sizeable fee and the confidence to act on limited information.Today, a client can analyze their portfolio, stress-test retirement plans and execute trades before finishing their morning coffee. I’ve seen this transformation unfold remarkably quickly over the course of my career in this industry, and it is still accelerating.But as technology has made financial planning faster, cheaper and more transparent, it has also introduced a new category of risk — the illusion of certainty. More data and authoritative-looking outputs do not always produce better decisions. And in…

Uber Technologies, Inc. Q2 2026 Earnings Call Summary – Moby Strategic Execution and Platform Synergy Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we’ll show you why it’s our #1 pick. Tap here. Achieved record audience and engagement, marking the fourth consecutive quarter of gross bookings growth exceeding 20%. Performance attribution is driven by significant operating leverage, with non-GAAP EPS growth outpacing revenue growth and free cash flow exceeding $10 billion. The acquisition of Delivery Hero extends Uber’s proven strategy to double the number of markets where it…

Homebuyers have more choices and more time to make decisions as the market has slowed this summer and sellers are increasingly adjusting their expectations to match, according to Redfin agents. Well-priced, move-in-ready homes are still selling quickly, showing that buyer demand is strong for desirable properties. The U.S. housing market has settled into a slower pace this summer, giving buyers more time to shop and negotiate than they had during the bidding wars of recent years. High mortgage rates are weighing on demand, while rising inventory is giving buyers more leverage. It’s forcing many sellers to price carefully and offer…

Sabrina Ortiz/ZDNETFollow ZDNET: Add us as a preferred source on Google.Google will announce its latest smartphone lineup, the Pixel 11 series, at its “Made by Google” event on Aug. 12. Hot on the heels of Samsung’s latest foldables, Google plans to follow up with its own, the Pixel 11 Pro Fold, along with the Pixel 11 Pro, XL, and base model. Also: Is the new (pricier) Pixel 11 series still a good value compared to Samsung’s Galaxy phones?Based on preliminary information, it looks like the 11 series will largely feature incremental upgrades to the processor, camera, and storage, while costing more as…

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For years, Richmond was known as one of London’s most charming residential enclaves—a peaceful riverside neighborhood filled with independent shops, cozy pubs, and leafy parks. But the affluent community has recently gained international renown for a very different reason, thanks to a rather unlikely ambassador: Jason Sudeikis’ fictional soccer coach character Ted Lasso, whose experiences of living and working in Richmond take center stage in the hit Apple TV series of the same name. The Emmy Award–winning “Ted Lasso” became a cult hit when it premiered in August 2020, launching its British stars—including Juno Temple, Brett Goldstein, and Hannah Waddingham—to…