Author: Money Mechanics

Key Takeaways Hims & Hers Health shares popped Monday after the telehealth company announced a new partnership with Novo Nordisk.The deal will allow Hims & Hers to sell the Danish drugmaker’s weight-loss products through its platform. Hims & Hers Health stock is soaring to start the week. Shares of the telehealth provider were up nearly 37% Monday morning after Hims & Hers (HIMS) said it struck a deal with Novo Nordisk (NVO) to sell the Danish rival’s weight-loss drugs on its platform. Novo Nordisk’s U.S.-listed shares were up 1% recently. Hims & Hers said Monday that Ozempic and Wegovy will…

Most of us think in terms of before we die, and after we die — that stark division. Once we die, all that came before is erased.Except that can be a misleading notion. Unfortunately, some things that came before, like taxes, for example, live on after death.And when it comes to outstanding tax liabilities, the IRS can be relentless in pursuing them. The agency can take steps to ensure unpaid taxes are settled with the estate, which can complicate matters for heirs and executors. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from…

Iran names Ayatollah Ali Khamenei’s son, Mojtaba Khamenei, as the new supreme leader. Plus, global central bankers are eying the jump in crude prices and the impact on inflation, and Gulf businesses seek more insurance coverage as the war in Iran continues. And, fears of food price spikes are growing.Mentioned in this podcast:Mojtaba Khamenei becomes Iran’s supreme leaderOil surges past $100 a barrel for the first time in four yearsQatar warns war will force Gulf to stop energy exports ‘within days’Iran war muddles expectations of likely Federal Reserve interest rate cutsFertiliser disruption from Iran conflict prompts global food shortage warningsNote:…

When Ring founder and CEO Jamie Siminoff decided to use the company’s first-ever Super Bowl commercial to introduce Search Party — an AI-powered feature that uses Ring camera footage to help find lost dogs — he expected Americans to love it. Instead, the TV spot set off a firestorm. In fact, practically since the moment it aired in February, Siminoff has been making the rounds on CNN, NBC, and in the pages of the New York Times, explaining that his critics fundamentally misunderstand what Ring is building. He sat down with TechCrunch a few days ago to make his case…

Key Takeaways Millionaires under 30 are extremely rare. Only about 1.4% of Americans ages 18–29 have a $1 million net worth.Most young millionaires don’t have $1 million in cash or diversified assets.Much of that wealth is tied up in inheritance, startup equity, or other assets that are hard to sell. Get personalized, AI-powered answers built on 27+ years of trusted expertise. Scroll through social media long enough, and you might think everyone’s a millionaire by 30. Most aren’t. Not even close. Data from the Federal Reserve reveals that reaching millionaire status that young is rare, even as social media feeds…

Stock futures sold off sharply and Treasury yields jumped as the price of oil surpassed $100 a barrel Monday, as investors fretted that the ongoing Iran war could slow the U.S. economy. Dow Jones Industrial Average and Nasdaq 100 futures were down 1.1% each and S&P 500 futures were 1.0% lower in recent trading. Major stock indexes closed lower for a second straight week Friday, with the Dow dropping 3% over the five days, its worst week since last April. The S&P 500 ended down 2% for the week, while the Nasdaq finished 1.2% in the red. Oil futures have soared…

Key Takeaways Miami offers a warm tropical climate all year long.The cost of living in Miami is higher than the national average, but it has a low tax burden because Florida lacks an individual state income tax.Known as a global gateway, Miami is a hub for international arts, culture, and dining.The city is very walkable and bikeable, has public transit, and access to good health care facilities. Get personalized, AI-powered answers built on 27+ years of trusted expertise. One of Investopedia’s top 100 retirement hot spots in the United States, Miami offers warm, tropical weather all year long. It’s vibrant…

Key Takeaways Warren Buffett argues that impatience transfers wealth to long-term investors.Emotional decisions and frequent trading undermine compounding.Staying invested through volatility historically rewards disciplined investors. Get personalized, AI-powered answers built on 27+ years of trusted expertise. Warren Buffett has spent decades warning investors that their own impatience—not the market—poses the greatest threat to their wealth. “The stock market is a device for transferring money from the impatient to the patient,” he said. Buffett’s message isn’t about timing the market or finding the next big stock. Instead, it’s about the ability to stay invested, think long term, and avoid the emotional…

(Image credit: Getty Images)Are you worried about money? You’re not alone. A recent survey by Intuit suggests that most Americans are anxious about their finances. But it’s fair to say these worries can be even more pronounced for women.Analysis from the Pew Research Center confirms that despite moves toward economic equality over the last few decades, women today are still paid less than men. And there are other unique hurdles that many women have to overcome.Women live longerMore than 11,000 Baby Boomers are turning 65 every day, and about half of them are women. On average, women will outlive men…

(Image credit: Getty Images)Here’s a question I frequently ask investors: How much did your portfolio gain last year?Most people answer with a gross number. I get it. That’s the number on the statement, the number the app shows you, the number that’s easy to compare at dinner.But that number isn’t what built your wealth. After-tax returns are. 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…