Author: Money Mechanics

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In late May, Neil Rimer said something during a sit-down I had with him in Athens that I haven’t been able to shake. At a vibrant new tech festival in the city, talking about the wealth piling up around AI, he said he has “a strong sense that there will be some sort of a redistribution.” He continued on. “It’ll either be voluntary or it’ll be involuntary, but it’ll happen, and I hope it’s voluntary,” he told me, adding that he thinks tech leaders “can play a leading role in seeing that through.” Coming from most people, that would sound…

“The View” host Joy Behar has found a buyer for her longtime Hamptons residence—nearly two years after the elegant dwelling was first brought to the market.Behar, 83, has taken one step closer to offloading the Sag Harbor, NY, property after accepting an offer on the dwelling, which is now marked as “pending” sale, meaning that a deal is in the final stages before closing. While properties in this stage can end up back on the market if they fall out of escrow, it marks a very positive milestone in what has been a lengthy journey for Behar. It comes just…

A $2.5 million settlement for a data breach that compromised consumer information on Fidelity Investments’ website is just days away from a claim deadline.  Those affected by the August 2024 incident have until July 27, 2026, to submit a claim for payment of up to $5,000. Here is what happened, who is eligible for a settlement check, and the fastest way to file a claim before the deadline.  Read more: What is identity theft, and how can you prevent it? What happened in the Fidelity data breach? According to court documents, the data breach occurred between Aug. 17 and Aug.…

(By Oil & Gas 360) – For much of the past decade, oil markets were defined by abundance. The U.S. shale revolution, ample OPEC+ spare capacity, and slowing demand growth encouraged investors to focus on production, inventories, and macroeconomic trends. Geopolitical events still generated headlines, but price spikes were often short-lived as markets assumed disrupted supplies could be replaced and trade flows rerouted. That assumption is beginning to change. Crude oil recently posted its biggest weekly gain in months as renewed hostilities between the United States and Iran reignited concerns over energy security and the possibility of disruptions to global shipping.…

Citigroup (NYSE:C) reported a stronger second quarter of 2026, with management pointing to broad-based revenue growth, improved returns and continued capital returns, while cautioning that second-half results could be affected by normal seasonality and a deliberate increase in investment spending. Chair and Chief Executive Officer Jane Fraser said the quarter “capped a very good first half of the year,” as Citi reported net income of $5.8 billion, earnings per share of $3.15 and return on tangible common equity, or ROTCE, of 13%. Revenue reached $24.8 billion, which Fraser described as Citi’s best quarterly revenue in a decade. She said the…

“Full House” creator Jeff Franklin is once again on the hunt for a buyer for his infamous Beverly Hills mansion—relisting the sprawling property for the eighth time in four years, this time with a $5 million price cut.The property, which has sinister ties to the Charles Manson murders, was initially put on the market in January 2022 with a staggering asking price of $85 million. It then spent the next four years bouncing on and off the market with multiple discounts, while also being offered up as a luxury rental property. Most recently, the home was offered as a $247,500-a-month…

Dock workers offload shipping containers from a ship at Port Everglades on April 20, 2026 in Fort Lauderdale, Florida. Joe Raedle | Getty ImagesThe cost of goods brought into the U.S. posted an unexpected increase in June as the price of goods from China rose by their largest monthly level in more than 18 years, the Bureau of Labor Statistics reported Friday.Import prices were up 0.3% for the month, as a drop in energy was more than offset by increases elsewhere. On an annual basis, prices jumped 7.1%, the biggest move higher since August 2022. Economists surveyed by Dow Jones…

Maria Diaz/ZDNETFollow ZDNET: Add us as a preferred source on Google.The Levoit Vital 200S-P is a smart air purifier for small, medium, and large rooms, currently on sale for $170, down from its original price of $200. I’ve tested many air purifiers, smart and not, yet the Levoit Vital 200S-P is the one I wholeheartedly recommend to anyone looking for an air cleaner. I endorse the Vital 200S-P that I’ve had my siblings buy some for their own homes, and I still use mine daily, even years later.  Also: What’s new with iPhone 18 Pro Max? Guess correctly for a chance to win an…

390742 05: A protester demonstrates against a Bush administration plan to add private investment accounts to Social Security, June 18, 2001 in New York City moments after U.S. Treasury Secretary Paul O”Neill addressed a luncheon given by the Coalition for American Financial Security. (Photo by Spencer Platt/Getty Images)Getty ImagesThere is plenty to dislike about taxes. Taxes can reduce private demand, distort behavior and invite evasion. So when Bernie Moreno, a Republican senator from Ohio, joined Elizabeth Warren last month to propose lifting Social Security’s payroll-tax cap, the big news was that a Republican finally admitted Social Security needs revenue and…