Author: Money Mechanics

Super El Niño is well on its way, with the National Oceanic and Atmospheric Administration predicting it will emerge soon, likely between May and July 2026, and continue throughout the winter.It gives homeowners a chance to prepare, but there are certain states that should brace for far more than just the weather. Meteorologists agree that Super El Niño is expected to hit these five states the hardest: California, Florida, Texas, New York, and Washington.Unfortunately, homeowners in these areas may see their home insurance premiums skyrocket in response. “In these ‘hot zone’ states, El Niño–related weather means more frequent and more severe…

Finnish phone maker HMD today launched its first smartphone, called the Vibe 2 5G, which comes preloaded with Indian AI company Sarvam’s chatbot Indus. Both companies had first announced the partnership during the India AI summit held in New Delhi in February. The Indus app is powered by Sarvam’s locally trained 105-billion-parameter model — a measure of the AI’s scale and sophistication — and launched at the AI summit. The app supports 22 Indic languages and mid-sentence code-switching (the ability to fluidly mix languages mid-conversation, like switching between Hindi and English), which helps the assistant better understand the context of a…

(Oil & Gas 360) – Investors are encouraged to register for EnerCom Denver – The Energy Investment Conference, featuring a broad group of public and private energy companies  Limited presentation openings are available for E&P, Midstream, OFS, Energy Transition, and Emerging Technology companies  Sponsorship opportunities are available for companies seeking to increase their market presence DENVER – May 21, 2026 – EnerCom, Inc. (“EnerCom”) is pleased to announce an exceptional lineup of networking and industry engagement opportunities at the 31st annual EnerCom Denver – The Energy Investment Conference taking place August 17-19, 2026, at the Westin Denver Downtown. Recognized as the…

SANTA FE, NEW MEXICO – AUGUST 2, 2019: A senior couple sit on a park bench in Santa Fe, New Mexico. (Photo by Robert Alexander/Getty Images)Getty ImagesThe conventional picture of American retirement—house paid off, kids out of the nest, modest spending funded by Social Security and a pension or IRA—has been giving way to something messier for years. What the data now shows clearly is that Americans in their late 50s and early 60s are carrying more debt than any prior cohort at the same age, and the combination of elevated interest rates and approaching required minimum distributions is putting…

A historic church in California is entering a new chapter as a stunning residence, having undergone a graceful transformation that breathed new life into the structure—while paying careful attention to its former lives as a religious building and an iconic recording studio that played host to multiple music legends over the years.The property in San Anselmo, CA, was built in the early 1900s as a quaint Presbyterian church that was later expanded to accommodate its growing congregation. For six decades, it remained a house of worship until 1966, when it was transformed into “one of Marin County’s most storied recording…

The market just got a textbook reminder that the only macro variable that actually matters right now sits in Tehran, not in Washington. WTI crude () is ripping nearly 4% to $101.96-$102.06 per barrel. Brent () is up roughly 3.4%-3.5% to $108.34-$108.76. is +3.59% to $106.9. WTI Midland is +3.29% to $102.9. OPEC Basket sits at $115.4. Indian Basket at $108.9. The trigger wasn’t a supply disruption, an OPEC headline, or a U.S. inventory miss – it was a single line from Iran’s Supreme Leader Mojtaba Khamenei via Reuters: enriched uranium does not leave the country. That sentence rebuilt the…

Animal spirits have been soaring in the area of Artificial Intelligence (AI), and the surge in spending has shown up in the figure above. It shows the fixed investment in Information Technology Equipment and Software as a percentage of GDP (ends in 2026Q1). The last two quarters of data saw a surge of about 0.4% of GDP.This is certainly impressive, although the impact on GDP may be less than what the above figure suggests due to the associated rise in imported silicon chips — buying foreign equipment to invest locally improves the capital stock, but does not represent a rise…

By David Enna, Tipswatch.com The Treasury’s offering of $19 billion in a reopening auction of a 10-year Treasury Inflation-Protected Security — CUSIP 91282CPU9 — generated a real yield to maturity of 2.169%, a bit above secondary market trading. This is a 9-year, 8-month TIPS with a coupon rate of 1.875%, set at the originating auction on Jan. 22. It had been trading on the secondary market Thursday morning with a real yield to maturity of about 2.14%, and the “when issued” bond-market prediction was 2.15%. This indicates demand was a bit weak for this offering, even though the bid-to-cover ratio…

Contract cancellations declined slightly in April as homebuyers and sellers gained a clearer sense of the housing market after years of volatility, and as demand picked up. Homebuyers were most likely to back out of deals in Atlanta, San Antonio and other Sun Belt metro areas that are big-time buyer’s markets.  Contract cancellations were least common in San Francisco, where the AI boom is fueling a hot housing market. Just over 47,000 U.S. home-sale agreements fell through in April, equal to 13.4% of homes that went under contract that month. That’s down incrementally (-0.1 percentage points) from a month earlier…

The space sector has been one of the most exciting areas of the market in 2026, and the excitement is only building. Reports that SpaceX could file its prospectus as soon as this week, ahead of a potential June IPO, have injected fresh momentum into a sector already generating compelling stories of its own. A potential SpaceX listing at a rumored valuation of $1.75 trillion would be one of the largest IPOs in history. And in the lead-up to that moment, capital is flowing into space infrastructure names that stand to benefit most from the sector’s continued expansion. Three names…