Author: Money Mechanics

The last couple of months have been historic for initial public offerings (IPOs), particularly on Nasdaq.In June, SpaceX (SPCX) raised a record $75 billion in its Nasdaq debut ($86 billion including the greenshoe) – triple the previous record for biggest IPO – and listed with a market cap of around $2 trillion.Weeks later, we saw the biggest U.S. IPO ever by a foreign company, with SKHY – the ADR for SK Hynix – raising $26.5 billion on Nasdaq.So, between just two companies, over $100 billion has been raised via IPOs, far surpassing the IPO capital raised for most years. In fact, through July 10, operating companies have raised $140 billion in IPOs, 91% of which was raised on Nasdaq. That means, in just over six months, 2026 already has nearly matched 2021’s full-year record for capital raised at $141 billion. And, as we discussed recently, there are a number of mature companies that might also IPO soon.Chart 1: SPCX and…

Former Los Angeles Dodgers owner Frank McCourt has listed the opulent New York City apartment he bought the same year he sold his stake in the legendary sports team—offering up the “distinguished” abode for $2.5 million less than what he purchased it for 14 years ago.The four-bedroom, 3.5-bathroom dwelling is located inside what the listing describes as a “white-glove co-operative” on Fifth Avenue and offers “sweeping panoramic views of Central Park and the iconic Manhattan skyline.” McCourt, now 72, purchased the dwelling for $50 million in 2012—closing on the deal just a few months after he sold the Dodgers for…

While “home is where the heart is” holds true for millions of retirees who want to age in place, whether their homes are ready is a different story. Narrow hallways, steep stairs, and tub showers are major obstacles, and smaller design flaws are easily overlooked.Remodeling a home to age in place can be cheap or expensive depending on your safety needs. A comfortable, secure setup typically requires first-floor living quarters, wheelchair-friendly hallways, roll-in showers, a short walk from the driveway, bright lighting, and slip-resistant flooring.Some homes only need a few tweaks, while others require a complete layout overhaul. Not sure…

Thank you for the kind introduction. I am delighted to be here at Stanford University today to discuss a topic that is central to the Federal Reserve’s work: how policymakers analyze and respond to economic shocks in real time.1   The economy is constantly experiencing shocks that change economic conditions and that policymakers must consider. Today, I will focus on shocks that are extremely difficult—if not impossible—to predict, such as the emergence of a pandemic, the start of a war, or a sudden breakthrough in technological advancement. When such shocks occur, the Federal Open Market Committee (FOMC) evaluates them and…

In-brief analysis July 16, 2026 Data source: Weekly Petroleum Status Report, and Thomson Reuters Note: WTI=West Texas Intermediate Crude oil inventories held at storage facilities in Cushing, Oklahoma, fell below 20 million barrels during the week ending June 19 until the week ending July 10, according to our Weekly Petroleum Status Report. Storage facilities for crude oil and petroleum products require a minimum volume of product in their tanks and pipe infrastructure to remain operational, which can vary between different storage facilities or tank systems. If storage levels fall…

The commercial real estate sector’s economic contribution to the UK declined by more than 20% last year amid uncertain market conditions and cost pressures, according to the British Property Federation (BPF). Melanie Leech, chief executive of the BPF In its latest analysis of the commercial real estate sector, conducted by property consultancy Lichfield, the BPF analysed the jobs and labour market, output and turnover, tax revenue and capital investment across office, retail, industrial, logistics, leisure, medical and hotel properties, as well as build-to-rent and student accommodation. The analysis revealed the sector contributed a total of £110.2bn GVA to the national…

SpaceX abruptly aborted the second attempted launch of its upgraded Starship rocket system on Thursday, just moments after the booster ignited at the company’s complex in South Texas. The company was trying to return to flight just a few weeks after the first-ever launch of Starship V3 in May. CEO Elon Musk said in a post on X that “[s]ome of the engines didn’t start, triggering an automatic launch abort” and that the company would try again “hopefully in a few days.” This is also the first Starship test launch since SpaceX went public on June 12 in the largest…

This will be the best article you will read to determine when you can and should file for Social Security benefits and to help you determine the best age to file for Social Security. Many articles give a specific age such as 62, 67, or 70.Spoiler alert: There is no single specific best age to file for social security! The best age to file for Social Security is unique to you, and your spouse, if you have one. In addition, coordinating benefits with your spouse can have a dramatic effect. You cannot look at filing for benefits in a silo…

Actor Chris Pine is suing a high-profile luxury developer in Brooklyn, claiming the developer has failed to return a $100,000 deposit on a rental deal that fell through.The “Star Trek” actor alleges in a lawsuit that Carlos Saavedra and his firm, Eckstrom, are improperly holding $100,000 following the collapse of negotiations for a townhouse rental in the Cobble Hill neighborhood of Brooklyn.According to the complaint filed in Kings County Superior Court, Pine put down a total of $125,000 on a short-term rental: a $50,000 deposit, $50,000 toward the first month’s rent, and a $25,000 pet deposit.The pet deposit has since…

Stocks were choppy Thursday as market participants took in a fresh round of earnings reports and several major developments in the healthcare space. Wall Street also watched as chip stocks continued to sell off, with one company’s quarterly results spooking this once-hot corner of the market.At the close, the blue-chip Dow Jones Industrial Average was down 0.2% at 52,552, while the broader S&P 500 was off 0.5% at 7,533 and the tech-heavy Nasdaq Composite had slumped 1.5% to 25,881.The Dow’s losses were limited thanks to a big regulatory win for drugmaker Merck & Co. (MRK), with the healthcare stock climbing…