Author: Money Mechanics

Americans 50 and older have long been allowed “catch-up contributions” to their 401(k) plans, IRAs and other retirement accounts. The reason is straightforward: as the runway to retirement gets shorter, Uncle Sam wanted to incentivize as much saving as possible.But under the 2022 SECURE 2.0 Act, Congress allowed for additional “super” catch-up contributions for Americans aged 60 to 63.Today, we’re going to cover how these enhanced super catch-ups work and the best ways to invest them in 2026. 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…

Del Monte Corporation (NYSE: DMC) recently got a new name and a new ticker, but thatʻs not all thatʻs new. The produce distributor has a new focus that should propel the stock higher when earnings come out on Aug. 4. Over the past year, Del Monte has restructured and reorganized, buying the assets of the former Del Monte Foods, which went bankrupt in 2025. Del Monte Foods and Fresh Del Monte Produce, former ticker FDP, had been separate companies for the past 37 years, but this acquisition brought them back together. The reunion prompted the company to change its name…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 16, 2026 Agencies issue joint statement on handling of highly sensitive information during bank examinations Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 2:00 p.m. EDT The federal bank regulatory agencies today issued a joint statement describing enhanced security procedures for review of highly sensitive information in connection with examinations of supervised banks, such as reviewing materials…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 16, 2026 Federal Reserve Board issues enforcement action with former chief lending officer of Heritage State Bank For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Prohibition order against James Burns Former Chief Lending Officer of Heritage State Bank, Lawrenceville, Illinois Appraisal-Related Lending Misconduct For media inquiries, please email [email protected] or call 202-452-2955. Last Update: July 16, 2026 Source link

(World Oil) – Buccaneer Energy reported continued production growth at its Pine Mills field in East Texas, where average net production has increased to approximately 135 bopd as the company advances enhanced recovery projects and prepares to launch a waterflood later this year. The company said production at Pine Mills has more than doubled since its current management team took over in mid-2024, when the field was producing about 54 bopd. Buccaneer added that its Pine Mills and Fouke assets generated approximately $250,000 in positive net cash flow during May, supported by realized oil prices above $100/bbl. Buccaneer expects average net production to increase…

Morgan Stanley (NYSE:MS) reported record second-quarter 2026 results, with executives citing strong client activity across institutional securities, wealth management and investment management, as well as continued benefits from the firm’s integrated business model. Chairman and Chief Executive Officer Ted Pick said the firm generated more than $21 billion in quarterly revenue and earnings per share of $3.46, contributing to what he called an “exceptional first half” of 2026. Chief Financial Officer Sharon Yeshaya said second-quarter revenue was $21.3 billion, return on tangible common equity was 26.6%, and the firm’s year-to-date efficiency ratio was 65%. Across wealth and investment management, total…

Article published at 9:30 a.m. CTJJ Kinahan is Senior Vice President, Head of Retail Expansion and Alternative Investment Products at Cboe Global Markets, Inc. (Cboe).Key Takeaways:Markets mixed in early tradingChips stocks fall amid profitability worriesUnited Healthcare share jump on better-than-expected resultsThe markets were mixed in early trading as investors processed the goings on in the Middle East and earnings reports, particularly across the tech sector.Fighting intensified again in the Middle East after the U.S. and Iran traded antagonistic barbs, with few prospects of negotiations ahead, at least publicly. WTI Crude Oil prices were rising, up nearly 1% to over $80…

Alabama shoppers have something to look forward to this weekend: Back-to-school savings. Savvy shoppers can purchase school supplies, computers, and clothing free from the state’s sales tax. This is a big deal since Alabama has one of the highest sales tax rates in the U.S.And this year, the sales tax holiday is bigger than ever.State lawmakers enacted legislation to raise the qualifying exemption amounts on select clothing, school supplies, computers, books, and more. This means that you can spend more per item without paying state sales tax. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed…

For decades, the classic 60/40 portfolio of stocks and bonds was considered the gold standard for balanced investing.Much of its success, however, coincided with an extraordinary macroeconomic backdrop: a more than 40-year period of generally falling interest rates that began in the early 1980s.That dynamic made bonds an effective hedge for much of the past four decades. During recessions, central banks typically cut interest rates to stimulate economic activity. 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…

If you’re getting financial advice from someone who is paid based on the products you buy, you’re not getting objective financial advice. You’re being sold.That may sound harsh, but it’s the reality of how much of the financial services industry still operates.One of the least understood drivers of this problem is something called revenue sharing. And if you don’t know how it works, there’s a good chance it’s influencing your portfolio. 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…