Author: Money Mechanics

Key Takeaways Anthropic CEO Dario Amodei published an essay warning that AI could displace half of entry-level white-collar jobs within five years.He also argued that AI could create a permanent underclass of unemployed or low-wage workers. The CEO of Anthropic—the AI company valued at about $350 billion—warns that AI could create a permanent underclass of workers. Dario Amodei wrote in a 20,000-word essay out Monday that the AI systems his company is helping to build could leave less-skilled workers with nowhere to go—”an unemployed or very-low-wage ‘underclass.'” AI’s takeover of jobs will advance, he wrote, “from the bottom of the…

Key Takeaways Tesla is slated to post its fourth-quarter results after the closing bell today, with revenue and profits expected to decline year-over-year.Options pricing suggests traders expect Tesla’s stock could move about 5% in either direction by the end of the week. Tesla is set to report its latest financial results after the market closes today, with traders anticipating a sizable move from the electric vehicle maker’s stock following the results. Options pricing suggests traders expect Tesla’s (TSLA) stock could move about 5% in either direction by the end of the week. A shift of that size from its recent…

Key Takeaways Meta is looking to trial new paid subscription plans for premium experiences on Instagram, Facebook, and WhatsApp, according to a report from TechCrunch.The report, confirmed by a Meta spokesperson, said the plans could be rolled out in the coming months and offer access to special AI features. You’re likely one of the billions who use social media. But would you pay for the privilege? More changes to do so may soon come your way. Meta Platforms (META), parent company of Instagram, Facebook and WhatsApp, is looking to test new subscription plans for premium experiences on the trio of…

January 28, 2026 11:28 AM EST What Is the Fed Expected to Do Today? FROM 2 minutes ago Financial markets widely expect the Federal Open Market Committee to put a lid on its recent string of rate cuts on Wednesday. Traders are pricing in a 97% chance the Fed will leave rates unchanged at a range of 3.5% to 3.75%, according to the CME Group’s FedWatch tool, which forecasts rate movements based on fed funds futures trading data. After cutting the rate by a quarter point for a third time in a row in December, most officials have shown little…

(Image credit: Getty Images)Quantum computers (QC) work differently than regular (classical) computers. They operate on a quantum mechanical theory level and make calculations and simulations that could take computers and supercomputers thousands of years to solve.Large companies such as Amazon and Google use quantum computing to handle large data and develop new technology systems. QCs are in the early stages of being cost-efficient, and their support systems are in the early stages of service and development.Investors may be wondering if the sector has growth ahead of it. The MIT Management Sloan School thinks so, stating: “Quantum Computing, an innovation most…

(Image credit: Getty Images)Sifting through the endless amount of financial planning information online makes it hard to tell the difference between myth and fact.Misconceptions and assumptions can also prevent people from taking critical steps that could significantly improve their financial confidence and protect their life’s work.Professional financial advice can help alleviate the risks of misconceptions and misplaced overconfidence and turn future wishes into attainable goals for retirement security. 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…

(Image credit: Getty Images)In my hometown, everybody called it the “old folks’ home.” It’s where my aunt worked long ago, and I used to tag along as a boy because I liked the people who lived there.In the old folks’ home, ageist as that term is, people had roommates and ate community meals and maybe joined a weekly bingo game for entertainment.Oh, how times have changed. 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…

Question: My wife and I retired at 70 with $4.3 million. I want to travel, but she feels guilty spending “our grandkids’ inheritance.” I love my grandchildren to pieces, but I feel like the time to travel and have fun is now. Help!Answer: Baby boomers only had an average 401(k) balance of $249,300 in 2025, according to Fidelity. If you retired at 70 with $4.3 million saved, you may have a lot more financial flexibility in retirement than many of your peers.But just because you’ve saved $4.3 million doesn’t mean you and your spouse both feel comfortable living it up.…

For decades, the narrative around divorce was centered on young couples — hasty decisions, new parenthood and financial instability. Today, that story has fundamentally changed. While divorce rates for those under 45 have been steadily declining, a quieter, more profound demographic shift has occurred: the dramatic rise of “gray divorce.”The rate of gray divorce, divorces among adults aged 50 and older, has more than doubled since 1990, making older adulthood the only demographic experiencing a surge in marital dissolution.“Some possible reasons for gray divorce are because of our increased longevity. People are less willing to endure unhappy marriages for so…

Key Takeaways Greece is ranked first among global retirement destinations, according to International Living’s 2026 Annual Global Retirement Index. The country’s improving economy, affordability, health care system, climate, and culture are all appealing factors for retirees. Greece’s extensive network of islands and coastlines, health-promoting Mediterranean diet, and the Golden Visa available to those buying property also make the country a top destination. With its Mediterranean climate, delicious food, and stunning island settings, it’s no wonder that Greece consistently ranks among the top tourist and honeymoon destinations globally. Long a top draw for vacationers, Greece is also emerging as a top…