Author: Money Mechanics

July HighlightsIn July, Cboe Canada represented 12.7% market sharePrimary Peg order type launching September 30 (see details below)Track Canadian equities activity and Cboe Titanium latency stats live:Cboe CA Equities OverviewCboe Canadian Equities Titanium System PerformanceIn July, three new Exchange Traded Funds (ETFs) were listed on the Cboe Canada exchange by Hamilton ETFs: QDAY, SDAY and CDAY. Now, Cboe Canada is home to 248 ETFs, 32 issuers and 123 Canadian Depository Receipts (CDRs).Growth in ConditionalsCboe BIDS Canada continues to set record trading volume; in July 64.4 million shares traded (single counted) 3.4 million Average Daily Volume (ADV), which represented 87% conditional…

Citigroup has joined its rival banks in the lucrative premium credit card market. Its offering has an annual fee near $600, points for dining out and ordering in—and a difference that could give some frequent flyers pause. It’s the latest new option in the premium credit card space—generally, cards with an annual fee of at least $250—as big banks offer massive welcome bonuses and other benefits, potentially worth thousands of dollars, in an effort to get largely well-heeled customers to sign up and spend. The bank recently unveiled the Citi Strata Elite card, which it said “offers premium travel and…

Social Security plays an important role in retirement for most Americans. Separating myth from fact can help you prepare for it.Here’s what you need to know about three common Social Security myths today:Myth No. 1: Social Security is going bankruptBased on current projections, Social Security isn’t going bankrupt. According to the 2025 Social Security Trustees Report, if no changes are made to the program, it will need to reduce benefits in 2033, paying about 77 cents per dollar of the projected benefit. Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Save up to 74% Sign up for…

We came across a bullish thesis on Applied Materials, Inc. on Stock Analysis Compilation’s Substack. In this article, we will summarize the bulls’ thesis on AMAT. Applied Materials, Inc.’s share was trading at $184.87 as of August 8th. AMAT’s trailing and forward P/E were 22.49 and 18.02, respectively according to Yahoo Finance. Professions with the Highest Alcoholism Rates in US Ant Clausen/Shutterstock.com Applied Materials Inc. (AMAT) stands out as a leading, yet undervalued, player in materials-engineering solutions for the semiconductor and display industries. Despite near-term concerns around export-control uncertainties and the potential for a capex slowdown in 2025, the company’s long-term growth…

If you’re the sort of person who wouldn’t get inside a driverless car unless they paid you, a job at Tesla could be just the ticket.  The EV maker currently shows several “Vehicle Operator, Autopilot” jobs on its web site, with openings at eight locations in New York City, Florida, Texas and California. The roles generally demand five to eight hours a day of driving test vehicles, with overtime a possibility in some cases.  What does it pay? Tesla’s (TSLA) New York City opening, which shows morning, afternoon and night shifts, has two pay bands of “expected compensation,” the first…

 Can you tell us more about the role the Market Intelligence Desk team plays within Nasdaq?The Nasdaq Market Intelligence Desk (MID) is a specialized team that provides Nasdaq-listed companies with real-time market insights concerning trading activity in their stock and industry, as well as insight into news and developments impacting the markets. Each listed company is assigned a dedicated MID Director, who offers tailored support, including alerts on unusual trading activity, peer comparisons, technical commentary and macroeconomic updates to name a few. This proactive engagement helps investor relations teams and executives stay informed on the day-to-day trading activity in their…

A subscriber to our Quarterly Inflation Outlook (you can subscribe here) wrote to me recently and asked about a research piece put out by a major sell-side investment house that discussed how private rental indices (such as Zillow) and the Fed’s NTRR (“New Tenant Rent Index”, as defined in a paper by the Cleveland Fed’s Randall Verbrugge a couple of years ago called “Disentangling Rent Index Differences: Data, Methods, and Scope”) were indicating that a decline in rent inflation was on the way. I felt like it was time for an update on this topic, since it has been a…

In late 2016, Warren Buffett started what would become the most profitable investment in his legendary career. Through his company, Berkshire Hathaway Corp. (BRK.A), he began accumulating shares in Apple Inc. (AAPL), first buying about $1 billion worth and soon accumulating another $39 billion. When BRK.A started selling about half of its Apple holdings, the shares were worth over $150 billion. While the tech giant might seem an unlikely choice for an investor famous for avoiding technology stocks, it illustrates the principles that have made Buffett one of history’s most successful investors. Key Takeaways Buffett’s Apple investment demonstrates his complete…

Apple Inc. AAPL is reportedly grappling with the slow uptake of its Vision Pro headset, attributed to its high price tag and lack of compelling features.Bloomberg’s Mark Gurman, in his latest “Power On” report revealed that the tech behemoth has been sluggish in rolling out immersive video content, leaving Vision Pro users with a dearth of content to engage with. Despite enhancements to its operating system and the introduction of new apps, the device remains a niche product, with sales reportedly falling short of 1 million units in the US since its debut a year and a half ago.During the last earnings call, Apple’s CEO, Tim Cook, acknowledged the…

Median Bank Account Balances by Age Under 35 35-44 45-54 55-64 65-74 75 or older 2013 $2,800 $4,840 $5,090 $6,360 $8,910 $8,910 2016 $3,150 $4,690 $5,010 $6,620 $9,870 $12,330 2019 $3,760 $5,460 $7,420 $6,520 $9,270 $10,780 2022 $5,400 $7,500 $8,700 $8,000 $13,400 $10,000 Source: The Federal Reserve’s “Survey of Consumer Finances” (2022), median transaction account balances by age group. Transaction accounts include checking, savings, money market, and brokerage cash accounts, and prepaid debit cards. In addition to what’s in bank accounts, the median saver under age 35 has these assets: With the $5,400 in the bank, these amounts total $39,200.…