Author: Money Mechanics

After the proposal was published, Nikitra Bailey, executive vice president at the National Fair Housing Alliance (NFHA) testified before Congress about her reasons for opposing the change and has now released a video on YouTube that outlines her concerns. “ECOA became the law in 1974 and it stops banks from denying you a loan or a credit card because of who you are and things that you cannot control, like your race, your gender, your skin color, your religion, your age and whether or not you’re married,” Bailey says in the video. “This is a law that gave us women…

Iana Kunitsa/Moment via Getty ImagesFollow ZDNET: Add us as a preferred source on Google. ZDNET’s key takeaways Claude Code installation is straightforward as long as you follow a few simple steps.Projects are scoped by directory, so setup location matters.Proper setup unlocks fast, stable, agentic development workflows.Claude Code has been making waves in the development world. I recently used Anthropic’s coding assistant to build a complex and fairly sophisticated iPhone app from start to finish. I started by using Claude Code inside Apple’s Code Intelligence feature of Xcode, but found Code Intelligence to be buggy. It crashed or hung fairly consistently.…

(Oil Price) – India’s government on Friday approved the landmark Atomic Energy Bill, which would allow private companies to invest in its nuclear energy industry for the first time, as the country looks to boost its nuclear power capacity tenfold within two decades. The so-called SHANTI (Sustainable Harnessing of Advancement of Nuclear Energy for Transforming India) bill passed the federal government approval on Friday. Later this month, the bill is expected to be submitted to Parliament for discussion and vote in the winter session. The landmark legislation, if adopted by Parliament, could drive huge investments from private companies in India’s nuclear energy sector.…

This WeekOnce again, markets were focused on the Federal Reserve and artificial intelligence (AI) investment this week.For the Fed, they remain more concerned about the weak labor market than above-target inflation. Given this, they cut 25 basis points for the third straight meeting, bringing the fed funds rate down to a 3-year low of 3.75%. From here, though, they signaled a pause is likely since they expect the economy to improve in 2026. Specifically, they forecast faster real GDP growth (2.3% vs. 1.7% in 2025), slowing core inflation (2.5% vs. 3.0%), and slightly lower unemployment (4.4% vs. 4.5%), and just one…

Key Takeaways More than half of Americans say they worry about their ability to pay emergency expenses this year, according to a recent survey by PYMNTS Intelligence and Splitit.The concern is more widespread among parents, those earning less than $50,000 a year, and younger generations.The research also highlighted how consumers are using installment payment plans to handle unexpected expenses. More than half of Americans say they worry about their ability to pay emergency expenses that could pop up this year, according to a recent survey. Fifty-three percent of respondents said they were at least somewhat concerned about covering an emergency…

Key Takeaways A growing share of young adults are staying in their parents’ homes, which could be due to financial reasons. As more young adults live at home, this trend could weigh on consumer spending as those who live at home may spend less compared to those who don’t. In the past, life for a young adult might have followed a familiar trajectory to that of one’s parents: go to college (or don’t), move out, get a job, marry, and purchase a home. However, some young Americans haven’t moved out of mom and dad’s house just yet. In 2005, 11%…

Key Takeaways President Donald Trump could reportedly issue an executive order to reclassify marijuana as a less dangerous substance as soon as Monday.The news sent shares of companies in the marijuana industry skyrocketing Friday. Cannabis stocks surged Friday following reports President Donald Trump could soon reclassify marijuana as a less dangerous substance. Tilray Brands (TLRY) was up close to 30% in recent trading, while Canopy Growth (CGC) shares jumped nearly 40%. (Read our daily markets coverage here.)  President Trump could be set to issue an executive order changing the classification of marijuana from a Schedule I drug such as heroin to…

Key Takeaways Shares of chip designer Broadcom tumbled on Friday as Wall Street focused in on margin pressure from its fast-growing AI business.Investors have scrutinized tech earnings more intensively in recent months amid concerns Silicon Valley is overspending on AI. Broadcom’s custom AI chip business is growing rapidly. Wall Street, however, is wary about how much upside that growth suggests. Broadcom (AVGO) on Thursday predicted its AI-related revenue will double year-over-year to $8.2 billion in the current quarter. That would be an acceleration from the most recent quarter, when it grew 74% to $6.5 billion. But the forecast came with…

Key Takeaways Many brands will run sales for a bit longer than they did last year, but may not offer as generous of markdowns, e-commerce experts said.Some stores, including Target and Lowe’s, are looking to attract those still shopping with reassurances about having time to consider discounts and purchases. Don’t stress, last-minute holiday shoppers: Sales are still in season. A swath of goods, including sports gear and books, are likely to remain discounted through Christmas, e-commerce experts said, as retailers and merchants try to attract consumers who have grown more price-sensitive while dealing with tariffs and rising costs. Many are…

(Image credit: Getty Images)Question: My teen crashed his car and now our car insurance has tripled. What can we do to cut our insurance bill?Answer: Unfortunately, there’s no quick fix to undo the financial damage of a teen driver getting into an accident. Whether your car was totaled or it was a minor fender bender, a teen driver getting into an accident is likely to result in a steep premium increase. Some tips and tricks can help counteract the rate hike, but nothing (aside from time and eventually removing them from your policy) is likely to completely erase it.With that…