Author: Money Mechanics

continue to exhibit strong structural resilience as the market consolidates above the weekly VC PMI mean at $4,672. Current price action near $4,724 reflects a market that remains in bullish equilibrium despite short-term volatility and profit-taking after recent advances. The inability of sellers to force price below the weekly mean confirms that institutional demand continues to support the market on corrections. The weekly VC PMI levels define the dominant framework for this cycle. Weekly Buy 1 support is located at $4,569, while Weekly Buy 2 support stands at $4,407. Resistance levels are identified at Weekly Sell 1 at $4,834 and…

The two US Coastal named insurance companies administered by Cabrillo Coastal General Insurance Agency are back in the catastrophe bond market for their second sponsorship, with an initial $100 million target for named storm reinsurance from a Chartwell Re Ltd. (Series 2026-1) issuance, Artemis can report.A year ago, New York domiciled US Coastal Insurance Company and Florida domiciled US Coastal Property & Casualty Insurance Company secured $330 million of named storm reinsurance across three tranches of notes issued under their debut cat bond sponsorship, Chartwell Re 2025-1. Now, the insurers are back and seeking to expand on the role catastrophe…

One of the best ways to permanently fix a spotty Wi-Fi network is to upgrade to a mesh network. A mesh network is the best solution if your network problem is consistent throughout most of your home, not just a single room. A mesh network is the best option for a medium- to large-sized home with many devices, which is often the case for smart home users. Mesh networks use multiple nodes that act together to create a seamless, often self-healing network rather than each node sending separate signals.Also: This Wi-Fi 7 router solved my big internet headache – and…

(BOE Report) – Enbridge reported first-quarter adjusted profit on Friday that surpassed analysts’ expectations as robust performance in its gas transmission and utility businesses offset softer results in its liquids pipelines segment. The pipeline operator is benefiting from rising demand for natural gas, utility infrastructure and power supply for data centers, allowing it to generate steady growth despite geopolitical tensions and commodity price volatility. The company said it added projects worth about C$2 billion ($1.47 billion) to its secured growth backlog during the quarter, including the Cone onshore wind project in Texas and expansions at the Tres Palacios and Dawn Hub…

Manufactured housing communities—where residents often own their homes but lease the land beneath them—have traditionally been viewed as an affordable housing option.However, private equity firms and large investment companies are increasingly acquiring mobile home communities and raising rents.That’s what recently happened at Smoky Palms North in Clinton, TN, where rents more than doubled under new corporate ownership.“They’re raising my rent from $275 to $650,” Lillian Goins told WATE. “Yes. I’m retired. I work two days part-time to make ends meet. I think this is absolutely ridiculous. I can understand when somebody bought it, you might go up $50 or $100,…

A woman walks past a “Now Hiring” sign in front of a store on January 13, 2022 in Arlington, Virginia.Olivier Douliery | AFP | Getty ImagesRetailers are ramping up hiring this year, defying economic concerns as consumers keep shopping.The retail trades added nearly 22,000 jobs in April, accounting for almost one-fifth of total job growth, according to preliminary federal data released Friday. Nearly 15.5 million employees now hold retail industry jobs, the most since July 2024.Consumers have kept their wallets open in the face of war in Iran, higher gasoline prices, faster inflation and President Donald Trump’s tariff policy. Lately,…

How will work setups change if we spend more and more time talking to our computers? A recent feature in the Wall Street Journal looks at the rising popularity of dictation apps like Wispr, especially now that they can be connected to vibe coding tools, and what that might mean for office etiquette. One VC said that visiting startup offices now feels like stepping into a high-end call center. And Gusto co-founder Edward Kim is apparently telling his team that in the future, offices will sound “more like a sales floor.” (As someone still scarred from the time his desk…

California Resources (NYSE:CRC) reported a stronger-than-expected first quarter and raised its 2026 outlook, citing higher oil prices, improved capital efficiency, accelerated drilling plans and additional cost savings from its Berry merger. President and CEO Francisco Leon said the company is benefiting from “unprecedented energy market volatility” that has created tailwinds for its California-focused oil and gas business. He pointed to recent disruptions in global supply chains and California’s reliance on imported crude as factors underscoring the importance of in-state production. “Today, over 60% of the oil consumed in California comes from foreign sources,” Leon said. He added that state inventories…

Protect your retirement savings against the risk of cognitive decline.gettyMany pre-retirees and retirees appropriately worry about market risk (stock market crashes) and longevity risk (outliving your money). Cognitive decline is another serious risk that retirees need to address because it directly affects your finances. So, when you’re developing strategies to build lifetime retirement income and protect against market and longevity risks, you’ll also want to take into consideration the risk of cognitive decline in your later years. What’s The Financial Risk Of Cognitive Decline?According to a recent study by the Life Insurance Marketing and Research Association (LIMRA), about 14% of…

For decades, fame seemed to be the only guarantee for a quick, splashy, and profitable home sale. A celebrity’s ties to a property would create instant buzz—and served as a sure-fire tactic for luring in a line of prospective buyers.But in recent years, that playbook seems to have faltered, leaving many of Hollywood’s most famous faces in an uphill struggle to shift their opulent homes. Few stars seem to be immune to this trend, which has affected everyone from Chris Pratt and Katherine Schwarzenegger to Jennifer Lopez and Ben Affleck.According to celebrity real estate broker and “Selling Sunset” star Jason…