Author: Money Mechanics

The question is no longer simply where we want to grow old, but whether the places we call home will continue to support us as we do.gettyClimate Is Changing the Meaning of PlaceAs of this weekend, the World Health Organization has linked more than 1,300 deaths across Europe to a heat wave that began June 21. France alone has reported roughly 1,000 deaths, most among people 65 and older. As the eastern United States prepares for its own stretch of dangerous heat, those numbers should not be viewed as a European story. They are a preview of what happens when…

The Washington Commanders will anchor a new $24.2 billion development along the banks of the Anacostia River in Washington, DC.City officials unveiled a master plan Tuesday for the redevelopment of the Robert F. Kennedy Campus in the city’s Hill East neighborhood. Under the new plan, the 180-acre former RFK Stadium and its surrounding parking lots would be redeveloped.Last year, the Commanders announced a deal to return to the district, investing $2.7 billion into a new 65,000-seat stadium. They will complete it by 2030.The master plan calls for 5,000 to 6,500 new housing units around the stadium. About 30% of them…

Jack up drilling rigs off coast by Elliot Day via Pixabay August Nymex natural gas (NGQ26) on Monday closed down -0.098 (-2.99%). Nat-gas prices fell to a 1-week low on Monday and settled sharply lower.  Ramped-up US nat-gas production is weighing on prices after output in the lower-48 US states rose to nearly 114 bcf/day on Sunday, the most in more than 2.5 months.  More News from Barchart Nat-gas prices recovered from their worst level on Monday amid forecasts for hot US weather, potentially boosting nat-gas demand from electricity providers to power air-conditioning.  The Commodity Weather Group on Monday said…

CRMLS, the largest real estate listing service in the country, just gave home sellers a more flexible way to bring their home to the market before it is broadly launched across the internet.  With a new Limited Exposure Coming Soon option, home sellers can ask their agent to market their home as a Coming Soon listing within the MLS, where other agents can see it, while limiting broader syndication across the internet. At the same time, a listing agent can display the Coming Soon home on their own website.  The listing still exists in the MLS. Other agents can still…

Vinton Cerf will step down from his role as Google’s chief internet evangelist next week, marking the conclusion of one of the most influential careers in technology history. While speaking via video feed at the Open Frontier conference hosted by the Laude Institute, Cerf was recognized by Dave Patterson, the UC Berkeley professor best known for co-developing RISC processor architecture. “Vint…has been at Google more than 20 years, and he is retiring a week from today, and so I think we ought to give him a round of applause for a relatively good career,” Patterson said, to cheers from the…

Article published at 9:45 a.m. CTJJ Kinahan is Senior Vice President, Head of Retail Expansion and Alternative Investment Products at Cboe Global Markets, Inc. (Cboe).Key Takeaways:Stock market continues to grind higher despite geopolitical and economic woesDow settled in record territory Nasdaq and S&P 500 charting best quarters in yearsToday marks the end of what is turning out to be a monster first half for the markets. All three major indices are chalking up “best-of” quarters despite the rocky geopolitical issues and choppy trading that has been prevalent across the board during the period.The markets have proven to be the ultimate…

Could Net Unrealized Appreciation Help Lower Taxes on Your Retirement Savings?gettyWhen planning for retirement, asset allocation, withdrawal strategies, and tax-efficient investing is typically top of mind. However, individuals who hold employer stock inside a qualified retirement plan may have access to a lesser-known tax strategy that may reduce their lifetime tax burden: Net Unrealized Appreciation (NUA).NUA is a special tax provision that applies to company stock held within employer-sponsored retirement plans such as 401(k)s. When used appropriately, it can convert a portion of what would otherwise be taxed as ordinary income into long-term capital gains, potentially resulting in more favorable…

Netflix sensation and Dallas Cowboys Cheerleaders darling Reece Weaver has already turned the page on her time with the team—and planted new roots in the state of Alabama, where she and her husband, Will Allman, have just snapped up a $750,000 home. Weaver, 24, who is originally from Florida but met her husband while she was a student at the University of Alabama, shot to superstardom while being featured in Netflix’s “America’s Sweethearts.” The hit series documents the grueling tryout process that every member of the Dallas Cowboys Cheerleaders—or D.C.C.—squad has to go through each season.She quickly became one of…

futures continue to stabilize after completing a sharp corrective decline from the June 22 high of 65.31 to the June 24 low of 55.75. The market has since recovered toward the Weekly VC PMI Mean at 60.71, with prices currently trading near 60.33, placing the market just below equilibrium. This recovery confirms that buyers continue to accumulate positions at statistically discounted levels while the market transitions from correction into consolidation.According to the VC PMI, the Daily Mean Price is 58.79. Daily support is identified at Buy 1: 57.67 and Buy 2: 56.72, while resistance is located at Sell 1: 59.75…

CNBC’s Diana Olick sits down with HB Capital CEO Hannah Hammond.CNBC Property Play brings you interviews with some of the biggest names in real estate, touching on everything from commercial and residential to finance and the mortgage markets, innovation in the industry and the growing risk to assets and operations from climate change.CNBC’s Diana Olick sits down with HB Capital CEO Hannah Hammond. Hammond shares how she became a self-made millionaire by age 25 and built a career in commercial real estate, why relationships are her greatest business asset, where she’s finding opportunity in today’s market, and how AI is…