Author: Money Mechanics

(Image credit: Al Bello/Getty Images)The snow powder has settled in northern Italy and American athletes are coming home from the Winter Olympics with 33 medals, 12 of them gold. And where will those precious metals end up? In many cases, a sock drawer.Of 15 athletes interviewed by The New York Times, seven admitted to storing their Olympic medals in sock drawers and socks, while four keep them in nightstands. Figure skating legend Michelle Kwan shared on social media that she keeps her various medals in a walk-in closet alongside shoes and handbags.On the one hand, storing valuables in a nondescript…

Key Takeaways The average household of 70- to 79-year-olds spends roughly $5,165 per month, or $61,977 per year.While this is slightly lower than those ages 65–74, it’s significantly lower than some younger demographics.Healthcare expenses and cash contributions are higher for 70-somethings, but many other categories are much lower. Get personalized, AI-powered answers built on 27+ years of trusted expertise. The Average 70-Something Household Spends About $5,165 a Month Many Americans spend decades preparing financially for retirement, hoping to maintain their lifestyle once they stop working. And many assume their regular costs will drop in their 70s and beyond. Data from…

Key Takeaways The median thirtysomething household holds $23,000 in total financial assets, while the average is $142,280.More than half of households ages 30–39 own no individual stocks or bonds, as almost all of their investing happens inside retirement accounts. Get personalized, AI-powered answers built on 27+ years of trusted expertise. When you’re in your 30s, you’re often buying your first home, starting a family, paying down student loans, and trying to save for retirement. So how much do people in this age group have invested? The median total financial assets for U.S. households ages 30 to 39 is $23,000, according…

Stock futures pointed higher Tuesday, a day after major indexes plunged on worries about AI disruption and uncertainty over the state of President Donald Trump’s tariffs. Dow Jones Industrial Average, S&P 500, and Nasdaq 100 futures rose 0.3%, 0.2%, and 0.2%, respectively. Yesterday, the blue-chip Dow sank 1.7%, or more than 820 points, while the tech-heavy Nasdaq and benchmark S&P 500 ended down 1.1%, and 1%, respectively. The indexes dropped Monday in part because of fresh uncertainty in the trade outlook. Last Friday, after the Supreme Court struck down the majority of his tariffs announced last April, Trump announced a 10% global hike,…

Stay informed with free updatesSimply sign up to the Equities myFT Digest — delivered directly to your inbox.Short selling is enjoying a bit of a comeback of late, despite markets surging over the past few years and inflicting several painful squeezes along the way. The median short interest in S&P 500 stocks has now climbed to 2.7 per cent — one of the highest readings of the past decade. However, the targets are evolving. The last time we took a look at Goldman Sachs’ hedge fund positioning data — derived from the regular if often delayed 13F filings that US…

spikes to $90-$100 per barrel are “within reach” as the United States and Iran appear close to war, Fereidun Fesharaki, Chairman Emeritus at energy market consultancy FGE NexantECA, told Bloomberg Television on Monday. “I don’t think the US has a choice but to go to war,” Fesharaki told Bloomberg, adding that he expects something to happen as soon as this coming weekend. The U.S. and Iran are preparing for last-ditch indirect talks on Thursday in Geneva, according to the Omani mediators. So far, no breakthrough has been reached in the talks. U.S. President Donald Trump last week gave Iran 10-15…

The real estate grind never stops, and it’s downright draining. Between the endless showings, those 10 p.m. “is this a load-bearing wall?” texts from clients and the pressure to go viral on TikTok, it’s a miracle you get any sleep at all. Most agents are mainlining caffeine and secretly wishing they could clone themselves just to handle the paperwork. Enter artificial intelligence. Rather than viewing AI as either a shiny new thing or a cure-all, it’s important to understand its practical purpose in real estate. AI is meant to support agents by reducing time spent on repetitive tasks, allowing greater…

On Monday, creative suite maker Canva announced the dual acquisition of startups Cavalry, which works on animation, and Mango AI, which works on improving ad performance. UK-based Cavalry works on 2D motion animation for different verticals such as advertising, marketing, gaming, and generative art. Canva said that Cavalry’s tooling will add to the existing capabilities of Affinity, Canva’s professional creative editing suite for photos, vectors, and layouts, which it acquired in 2024 Canva revamped Affinity’s design last year and made it free for all users. The company said that since then, people have downloaded the software over five million times.…

(Investing) – Investing.com — Goldman Sachs lifted its fourth-quarter 2026 oil price forecasts, citing tighter OECD inventories, while the bank maintained its view of a sizeable global surplus. Source: Reuters  has rallied to about $71 as Iran-related supply concerns boosted positioning and the risk premium while OECD inventories have failed to build as expected. This reflects January supply disruptions and the fact that much of the global surplus is accumulating as sanctioned crude “stuck at sea,” strategists led by Daan Struyven said. Against that backdrop, Goldman raised its 2026 fourth-quarter Brent and  forecasts by $6 to $60 and $56 per barrel, respectively. The bank…

We came across a bullish thesis on Samsara Inc. on T K’s Substack. In this article, we will summarize the bulls’ thesis on IOT. Samsara Inc.’s share was trading at $25.42 as of February 6th. IOT’s forward P/E was 44.25 according to Yahoo Finance. Analyst Explains What Really ‘Scares’ Her About Oracle (ORCL) – ‘Ellison Island’ of $10 Billion OpenAI Revenue Copyright: welcomia / 123RF Stock Photo Samsara is the pioneer of the Connected Operations Cloud, providing a platform that allows businesses with large physical footprints—such as trucking fleets, construction firms, and energy companies—to track and analyze their assets in real…