Author: Money Mechanics

Key Takeaways Nvidia earlier this week announced a partnership agreement with inference chipmaker Groq.The partnership will have Grog’s founder and CEO Jonathan Ross and others from the company joining Nvidia, which is reportedly paying $20 billion for some Groq assets. The trading year is almost over—but Nvidia still has some news to make. The chip giant earlier this week struck a deal with inference chipmaker Groq, a non-exclusive licensing pact that according to the announcement leaves the latter company independent—but also has founder and CEO Jonathan Ross, President Sunny Madra and other members of the company joining Nvidia (NVDA) “to help…

(Oil Price)– Iraq on Tuesday announced a complete suspension of natural gas imports from Iran, a move the electricity ministry said immediately knocked between 4,000 and 4,500 megawatts off the national power grid. On its face, the decision sounds dramatic. In practical terms, it is but the final step in a process that was already well underway. Iraqi officials have spent the past year declaring victory over fuel imports, first halting shipments of gasoline, diesel, and kerosene while pitching a broader narrative of energy self-sufficiency. Gas was the remaining—and most politically sensitive—piece of that puzzle. Iranian supplies had been covering…

Key Takeaways Warren Buffett has said, “It’s better to be approximately right than precisely wrong.”He means that investors often struggle because they prefer mathematical precision to sound judgment.The real challenge is maintaining simplicity and common sense amid complexity. Buffett has a talent for distilling important financial concepts down to one memorable sentence. For most retail investors, a crucial piece of advice is as follows: “It is better to be approximately right than precisely wrong.” There’s a subtle edge to it: the most common way investors make mistakes is not by having insufficient information, but by being seduced by precision—getting lost…

Got a Big Pile Of Unwanted Stuff to Send Back? You’re Not Alone—It’s Return Season 1 minute ago Gather up the itchy socks and unwanted accessories. It’s return season.  Returns tend to rise during the last days of December, and Adobe Analytics data suggests the spike may be even pronounced this year. Returns this month were running about 2.5% below where they were midway through the holiday season in 2024, according to Adobe, which analyzed millions of online transactions—so we’re either getting better at selecting presents, or slower at sending back unwanted stuff. It’s likely the latter, according to Schorr…

(Image credit: Getty Images)For many successful business owners, there comes a point when traditional retirement plans just don’t move the needle anymore.If you’re hoping to further reduce your taxable income and accelerate your retirement savings — and you’re already maximizing your 401(k) and profit-sharing contributions — a cash balance plan might be the solution you’ve been looking for.What is a cash balance plan?A cash balance plan is a defined benefit plan, which means it’s similar to an employer-sponsored pension but has the flexibility and feel of a 401(k). It can be an especially useful tool for small business owners. From…

(Image credit: Getty Images)Most people treat reporting an insurance claim the way they treat going to the dentist. They know they should do it soon, they feel a twinge of dread, and they convince themselves that waiting a little longer will somehow make things easier.Spoiler alert: Waiting can make things worse.Nearly every insurance policy includes a notice provision requiring you to report a loss promptly, sometimes phrased like “as soon as is reasonable,” “as soon as possible” or “when practically possible.” From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88 $24.99,…

(Image credit: Getty Images)It happens every year: the dreaded moment when you peel back the wrapping paper to reveal a gift that makes you second guess whether the giver put the right name on the tag. An estimated 53% of Americans received at least one unwanted gift last year, according to a 2024 report by Finder. That amounts to over $10 billion wasted on gifts the recipient didn’t want nationwide.Whether it’s a kitchen gadget you don’t need, an item of clothing that isn’t quite your style or any other unwanted gift, how can you claw back some of that $10…

(Image credit: Getty Images)Retirement should be a time we look forward to — those hard-earned years when we can relax after decades of dedicated work and enjoy life with minimal stress.Yet, many people worry about retirement well before then for a variety of financially related reasons.The 2025 Protected Retirement Income and Planning Study revealed that 30% of non-retired consumers ages of 61 to 65 consider delaying retirement, and 54% are fearful they’ll outlive their savings. 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…

If you have a premium credit card, you may be paying significantly more for the privilege.The annual fee for Chase Sapphire Reserve is rising to $795 — a $245 increase from the previous fee of $550 — while American Express is boosting the annual fee for The American Express Platinum Card® to $895, a $200 jump from the former $695 fee.With this in mind, are the perks worth the higher fees? I’ll break down what you receive with each card so you can determine if it’s still worth it. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter,…

Key Takeaways Returns tend to rise during the last days of December, and Adobe Analytics data suggests the spike may be even pronounced this year.Companies on average expect 16% of their 2025 sales to be returned, according to one survey. Gather up the itchy socks and unwanted accessories. It’s return season.  Returns tend to rise during the last days of December, and Adobe Analytics data suggests the spike may be even pronounced this year. Returns this month were running about 2.5% below where they were midway through the holiday season in 2024, according to Adobe, which analyzed millions of online…