Author: Money Mechanics

Tesla CEO Elon Musk said Thursday the company will reveal the production version of its second-generation Roadster supercar on April 1, 2026 — nearly nine years after he first revealed the project. Musk, who is famous for missing deadlines, said during Tesla’s annual shareholder meeting that he chose April Fools’ Day in part because it affords “some deniability.” “Like, I could say I was just kidding” if it happens to be later, he said. Revealing the production version of the new Roadster next year is in itself a delay. Just one week ago he appeared on Joe Rogan’s podcast and…

Key Takeaways Medicare and Medicaid will cover drugs used for weight loss for the first time, offering Wegovy, Zepbound, Monjauro, and Ozempic for $50 a month co-pays.The White House negotiated lower prices from Eli Lilly and Novo Nordisk, which list sticker prices of the drugs for $1,000 a month or more.A new website, TrumpRX, will offer the medications at prices lower than those currently offered by the manufacturers for uninsured patients. Medicare recipients will be able to buy drugs often prescribed for weight loss for as little as $50 a month under a plan announced Thursday by President Donald Trump.The…

 October 2025 Capital Markets Regulatory Updates31 October 2025: The U.S. Securities and Exchange Commission (SEC) issued an order granting temporary exemptive relief from certain compliance dates under Regulation NMS, extending deadlines to facilitate orderly market functions amid recent judicial review and operational challenges.23 October 2025: The Financial Industry Regulatory Authority (FINRA) reviewed broker-dealer practices as part of a pump-and-dump probe, focusing on small-cap offerings and requesting detailed compliance documentation from firms involved in multiple offerings.21 October 2025: The U.K. government consolidated AML supervision under the Financial Conduct Authority (FCA), reducing the role of the Solicitors Regulation Authority to address vulnerabilities…

Key Takeaways Soft earnings and steep spending plans weighed on a food delivery firm on Thursday, Nov. 6, 2025, while a cloud security platform got a boost from AI-driven growth.DoorDash shares dropped after the firm missed third-quarter profit estimates and cited rising investments on new initiatives.Cloud security specialist Datadog topped quarterly estimates, and its shares surged. A food delivery giant came under pressure after it missed quarterly profit estimates and warned investments in new technologies could squeeze profits, while better-than-expected results helped send shares of a cloud-based security company higher. Major U.S. equities indexes dropped Thursday, led by tech stocks…

This year, we’re celebrating 40 years of The Options Institute, Cboe’s education team dedicated to delivering trusted financial education, custom programming and experiential learning opportunities for investors of all backgrounds.In 1985, Cboe established The Options Institute (OI), marking the industry’s first in-house team focused exclusively on options education. The initial strategy concentrated on in-person learning opportunities like training courses, seminars and events for experienced market participants, including brokerage professionals and floor traders. As technology and the markets evolved over time, the OI adapted their efforts to meet the learning needs and goals of new audiences like the growing wave of…

Key Takeaways The Supreme Court is considering whether to invalidate many of President Donald Trump’s tariffs: a complex case with an unpredictable outcome.If the court decides to overturn the tariffs, it could save businesses and individuals money but fuel uncertainty.Trump’s trade wars have created uncertainty that has undermined business expansions and hurt the job market. The Supreme Court’s hearing on the legality of some of President Donald Trump’s tariffs raised fresh questions about the future of U.S. trade policy, stoking the uncertainty that has plagued the economy this year.On Wednesday, the Supreme Court heard oral arguments in a lawsuit that…

Key Takeaways Travel rewards cards let users earn points or miles for purchases, often at higher rates for travel and dining. Rewards can be redeemed for flights, hotels, upgrades, and more—sometimes at higher value through transfer partners. Cards range from no-fee options to premium cards with lounge access and travel insurance. The best card depends on your travel frequency, goals, and willingness to manage rewards systems. Not all travel redemptions offer the same value—smart redemption is key. One way that credit card providers incentivize users to make purchases on their cards is through rewards. These rewards—often in the form of…

Key Takeaways A big vote on Elon Musk’s pay landed today, with the company reporting that over 75% of voters approved a proposal that could make him a trillionaire. Prediction markets bettors across Polymarket, Kalshi, and Robinhood showed near-certain probabilities that shareholders approve Musk’s pay package. The fate of Tesla—or, at least, the answer to the question of whether its chief Elon Musk stays or walks—may have been settled at today’s shareholder vote. A preliminary tally on this year’s 14 proposals, which include giving Musk greater control over Tesla (TSLA) as well as a trillion-dollar pay package, was rolling in…

Question: I recently found out I was receiving $50,000 from a family member. My retirement is already fully funded, I have no debt to pay off, and I don’t need to use the $50,000 for anything immediate. Where are some smart places to store it to keep ahead of inflation?Answer: My first suggestion would be to invest it in an index fund since they offer historically higher returns than savings accounts. However, if you’re concerned about market volatility, there are a few other solutions that would work best for you. Depending on your savings goals, a high-yield savings account or…

Key Takeaways Hyperion Bank’s Exclusive Money Market is guaranteeing 4.50% APY for six months—letting you lock in a top rate yet withdraw when you like.That rate guarantee matters, since likely Fed cuts are expected to push savings and money market yields lower in the months ahead.Hyperion’s offer beats even the best CDs by offering easy withdrawals and a top yield—but you’ll need at least $10,000 on deposit to qualify. This APY Guarantee Can Protect Your Savings if the Fed Keeps Cutting For most savers, earning the best return on your cash usually means giving up some flexibility. Savings and money…