Author: Money Mechanics

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Pfizer has matched Novo Nordisk’s offer to buy weight-loss drug start-up Metsera for up to $10bn, in the latest escalation of a dramatic bidding war over the coveted US biotech. The US drugmaker submitted its sweetened bid, which matches Novo’s offer from Tuesday valuing Metsera at $86.20 a share, ahead of a deadline on Wednesday, keeping it in the race for the anti-obesity biotech, according to two people familiar with the matter.Pfizer’s latest bid would be largely in upfront cash alongside further…

The Memphis housing market shifted further into buyer-favorable territory this week, with 45.2% of active listings taking price reductions while homes sat on the market for a median of 84 days. The metro’s 4,455 active single-family listings represent a 17.6% increase from the same period last year, creating the region’s strongest negotiating position for buyers in recent memory. Price adjustments dominated the Memphis market landscape, with nearly half of all sellers reducing their asking prices compared to just 1.5% who raised prices. The median list price settled at $335,000, down from $345,000 a year ago, while the price per square…

Key Takeaways A hard disk drive maker’s stock traded higher on Wednesday, Nov. 5, 2025, while softer-than-expected financial results weighed on shares of an AI server manufacturer.Seagate Technology announced a deal with its lenders to exchange debt for cash and stock, and shares of the data storage company advanced.Super Micro Computer shares dropped after the company missed analysts’ estimates for its fiscal first quarter. Shares of a data storage provider pushed higher after the company announced a deal to exchange debt for cash and shares. Meanwhile, an artificial intelligence (AI) server maker came under pressure after posting lackluster earnings results.…

Key Takeaways The Supreme Court heard oral arguments on Wednesday in a lawsuit seeking to overturn many of President Donald Trump’s tariffs.The justices expressed skepticism about the administration’s legal justification for imposing the tariffs, but the outcome was far from certain.A ruling against the tariffs would force the administration to impose import taxes by other means, which have significant limitations. The fate of President Donald Trump’s trade war is now up to the nine justices of the Supreme Court.The Supreme Court heard oral arguments Wednesday in a case challenging President Donald Trump’s authority to impose double-digit tariffs on U.S. trading…

Key Takeaways At 36 days, the U.S. government shutdown is now the longest in history, and many don’t see an end coming soon despite some fresh proposals from lawmakers.While the current shutdown centers around health care funding, past disputes have involved funding for a border wall and efforts to balance the federal budget. The government has never been closed this long. And there’s little indication that it will reopen anytime soon. As of Wednesday, the work stoppage that began on Oct. 1 has reached its 36th day, making it the longest of any U.S. shutdown. The 2018 shutdown was the…

Key Takeaways 30-year mortgage rates are more than 9% below their spring peak, offering modest relief to buyers struggling to afford a new mortgage. Predicting mortgage rates is tricky—they respond to a mix of inflation data, bond yields, and investor sentiment, and they can move either direction after a Fed cut. Instead of trying to time the perfect rate, focus on financial readiness and the right home, since refinancing later is always an option. Mortgage Rates Have Eased Since the Spring Though the slide has been bumpy, mortgage rates are considerably cheaper than they were about six months ago. The…

Key Takeaways OpenBank adds an uncommon twist to its high-yield savings account—pairing phone bill discounts with its attractive 4.20% APY.If you’re a Verizon customer, you can earn $5 to $15 in monthly credits for up to 12 months, depending on your savings balance.On a $10,000 balance, your interest earnings and bill credits could total about $540 over 12 months—nicely stacking your overall return. A Savings Account That Pays You Twice It’s rare for a savings account to help you lower a monthly bill, but that’s exactly what OpenBank is offering through a new partnership with Verizon. OpenBank’s 4.20% APY is…

Key Takeaways E.l.f Beauty, which prices 75% of its products under $10, says consumers tend to maintain their self-care routines during times of uncertainty. For now, however, investors are dumping the shares after the company’s full-year revenue outlook came in lower than expected. A big beauty brand thinks uncertain consumers won’t abandon their self-care routines this holiday season—and they might even step them up.  That’s a trend that E.l.f Beauty (ELF), which prices 75% of its products under $10, has seen in previous cycles of macroeconomic uncertainty, CFO Mandy Fields told Investopedia on Wednesday. In the meantime, however, investors are…

Tesla (TSLA) shareholders are voting this week on a new pay package for CEO Elon Musk that could be worth up to $1 trillion. The compensation comes with some fairly steep hurdles that the electric vehicle maker will need to surpass in order for Musk to collect, which could have big implications for the Magnificent 7 stock.While Musk’s 2018 pay package is currently in litigation, Tesla’s board of directors in early September outlined a new 2025 CEO pay package. The board also specified specific targets that must be hit for Musk to earn the full compensation of 423.7 million shares…

Key Takeaways “The Big Short” investor Michael Burry’s investment firm Scion owned put options on Nvidia and Palantir at the end of the third quarter, new filings show.That means Burry was at one point betting, in either the short-term or long-term, that the companies’ stocks would decline.Burry has posted messages on social media in the last week about his feelings on the AI industry, though their meaning is unclear. Michael Burry, an investor made famous by his bets against the U.S. housing market before the 2008-2009 crash and ensuing Great Recession, appears to have a new short target: the artificial…