Author: Money Mechanics

Key Takeaways According to Guinness World Records, between 2021 and 2023 Elon Musk suffered the greatest loss of a personal fortune in history. His loss, which was on paper and due primarily to a drop in Tesla’s share price, amounted to nearly $200 billion. Since that time Musk has recouped his losses and is believed to be the world’s richest man by a considerable margin. Elon Musk is referred to as “the world’s richest man” so frequently that you might think he trademarked the phrase. But the South Africa-born billionaire also holds another distinction: the largest loss ever of a…

Key Takeaways Doctors face many hurdles, including high student debt loads, late career starts, low starting salaries, and long workweeks. Physicians should consider ‘Financial Independence, Retire Early’ (FIRE), which works on the principle of saving aggressively to achieve financial freedom as early as possible, a solid option for anyone with a proclivity for saving and high earning potential. Achieving financial freedom and retiring on your own terms requires a strategic plan. This is especially true for many doctors, who end up with significant amount of student loan debt and don’t start earning high salaries until later in life. Despite these…

This week, the Federal Reserve takes center stage. The U.S. central bank is expected to cut rates again on Wednesday, and remarks from Fed Chair Jerome Powell could shed light on the Fed’s plans for 2026. U.S. stock indexes posted modest gains last week, with the Nasdaq leading the way higher. Market watchers will also be following earnings reports from companies including Oracle, Broadcom, GameStop, Costco, Adobe, and AutoZone. Trade deficit data, jobless claims, and the latest update on the federal government budget are due as well. Read to the bottom for our calendar of key events—and one more thing.…

Key Takeaways Women face unique challenges requiring a customized financial security plan at all life stages.A health savings account (HSA) is a tax-advantaged savings account that can double as retirement savings once an account holder reaches 65.When used correctly, HSAs can save money, boost retirement savings, and improve financial security. With longer lifespans, lower average earnings, and a persistent gender wage gap, women need to take proactive steps to build financial security. One strategic yet often overlooked tool is a health savings account (HSA), which offers a combination of tax benefits, investment opportunities, and long-term financial security. This short guide…

FedEx Corporation (NYSE:FDX) is one of the stocks Jim Cramer commented on along with the recent macro rally. Cramer highlighted that he thinks the company will have a “good run,” as he said: “I think FedEx is a coiled spring. We’ve yet to hear a single disappointing e-commerce story, save Target. Fantastic setup for FedEx, also for J.B. Hunt and ArcBest. I think they’ll have a good run.” Fedex Ground FDX obi-onyeador-8LCZb66I4wg-unsplash FedEx Corporation (NYSE:FDX) provides transportation, shipping, and logistics services, including express and freight delivery, e-commerce solutions, and supply chain management. A caller sought Cramer’s advice on the stock…

ZDNET’s key takeaways KeySmart’s SmartCard is available on Amazon for $40 (3-pack for $90). It’s super thin, has a wireless rechargeable battery, and is IPX7-rated. It needs to be recharged every 5 months or so. Follow ZDNET: Add us as a preferred source on Google.Apple AirTags have changed my life, saving me countless hours looking for keys and other items that I absent-mindedly misplaced.But AirTags have a few design flaws. First, the replaceable battery means you’re chucking away handfuls of CR2032s every year. Then there’s the shape and size. These tiny UFO-shaped devices don’t have a lanyard hole and are too bulky…

(World Oil) – The oil and gas industry could capture more than $320 billion in savings over the next five years by accelerating digital adoption across core operational domains, according to new analysis from Rystad Energy. The findings underscore how digital technologies—once considered optional enhancements—are rapidly becoming essential tools for efficiency, resilience and long-term competitiveness.   Rystad identifies five priority areas where digitalization can deliver the largest near-term gains: drilling optimization, autonomous robotics, predictive maintenance, reservoir management and logistics optimization. Together, these technologies could reshape cost structures for operators and oilfield service (OFS) companies as they contend with shifting market conditions…

Silver futures continue to demonstrate strong cyclical behavior following the retest of the weekly low at $53.79, completing a well-defined short-term liquidation cycle. The subsequent rebound has carried price decisively above the Daily VC PMI mean of $57.86, signaling that buyers have re-entered the market with enough conviction to neutralize the previous down cycle. This price behavior also aligns with a positive momentum shift reflected in MACD flattening after extended downside readings. Currently trading near $59.09, is testing the upper distribution zone outlined by Daily Sell 1 ($58.87) and Weekly Sell 1 ($59.59). This region represents the highest probability of…

A sign at a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025.Lauren Petracca | Bloomberg | Getty ImagesAnnounced job cuts from U.S. employers moved further ahead of 1 million for the year in November as corporate restructuring, artificial intelligence and tariffs have helped pare job rolls, consulting firm Challenger, Gray & Christmas reported Thursday.The firm said layoff plans totaled 71,321 in November, a step down from the massive cuts announced in October but still enough to bring the 2025 total up to 1.17 million. That total is…

A year after being pushed out of Intel, Pat Gelsinger is still waking up at 4 a.m., still in the thick of the semiconductor wars — just on a different battlefield. Now a general partner at venture firm Playground Global, he’s working with 10 startups. But one portfolio company has captured an outsized share of his attention: xLight, a semiconductor startup that last Monday announced it has struck a preliminary deal for up to $150 million from the U.S. Commerce Department, with the government set to become a meaningful shareholder. It’s a nice feather in the cap of Gelsinger, who…