Author: Money Mechanics

NEW YORK (AP) — More gains for Nvidia, Amazon and other AI superstars propped up Wall Street on Monday. The S&P 500 rose 0.2% and pulled closer to its all-time high set last week, even though the majority of stocks in the index sank. The Dow Jones Industrial Average dropped 226 points, or 0.5%, and the Nasdaq composite climbed 0.5%. Nvidia was the strongest force lifting the S&P 500, just like it has been for the year so far. The chip company rose 2.2% to bring its gain for the year to date to 54.1%. Amazon was the No. 2…

Having made its insurance-linked securities (ILS) grant scheme more restrictive back in 2023, to only offer the grant to catastrophe bonds or ILS covering regional risks from Asia Pacific, Singapore is reversing that move and expanding the ILS grant offering once again to cover cat bond risks from other locations around the globe, it appears.In addition, we understand that Singapore’s ILS grant scheme will be extended again, as its current iteration had been due to expire at the end of 2025. Around late 2017, Singapore drew up plans for an ILS Grant Scheme, to help fund some of the upfront…

In this pool photograph distributed by the Russian state agency Sputnik, Russian Prime Minister Mikhail Mishustin (R) arrives at the airport of Hangzhou on November 3, 2025. Dmitry Astakhov | Afp | Getty ImagesRussian officials appeared eager Monday to reaffiirm Moscow’s alliance with China following U.S. President Donald Trump’s high-profile meeting with Xi Jinping.Hot on the heels of Trump’s talks with Xi last week, which the U.S. president described as “amazing,” Russia has now sent a large delegation of its own to China for deal-making and talks.Russia’s Prime Minister Mikhail Mishustin arrived in Hangzhou on Monday for two-day talks with…

When we gather ’round the proverbial fire and exchange our online dating war stories, we’re usually talking about the usual suspects: Tinder, Bumble, Hinge, Grindr, and sometimes more niche apps like Lex. But ever since Facebook Dating launched in 2019, I’m not sure I have ever heard a tale that began there — I know more people who met in Facebook meme groups than on the actual Facebook Dating product. Turns out my anecdotal data may be wrong — because people actually do use Facebook Dating! Meta shared user metrics for the first time on Monday, revealing that Facebook Dating…

Key Takeaways Palantir is scheduled to report earnings after the closing bell Monday, with Wall Street analysts expecting record revenues.Options pricing suggests traders expect Palantir’s stock could move nearly 10% in either direction after its results. AI investor favorite Palantir is set to report its latest quarterly results after the closing bell today, with traders expecting a big move in the data analytics software maker’s stock that could take it to new highs. Options pricing suggests traders expect Palantir Technologies (PLTR) shares could move nearly 10% in either direction by the end of this week. A move of that size…

Key Takeaways Warren Buffett believes you should invest in businesses that you understand, rather than in the investing fad that everyone is talking about. Instead of jumping on what’s hot, Buffett has been staying away from tech and hoarding T-bills/cash, while shrinking his Apple (AAPL) stake. History repeats itself: Buffett didn’t buy tech stocks in 1999–2000 and he was transparent about why. The tech-heavy Nasdaq has surged to fresh all-time highs in Q3 2025, driven by sustained fervor around artificial intelligence (AI) and other technologies. But whenever crowd enthusiasm gets concentrated in a hot sector, Warren Buffett grows skeptical. At…

Executive Summary U.S. equities reached hit record highs in October, led by large-cap growth stocks and the “Magnificent Seven”Market breadth narrowed, with value indices and midcaps lagging but remaining in technical uptrendsThe Federal Reserve delivered a hawkish rate cut, surprising markets and impacting rate expectationsRobust Q3 earnings (+10.7% YoY for S&P 500) and seasonal tailwinds support a constructive outlook for year-endSeasonal headwinds now become a tailwind U.S. equities ascended into record territory in October amid easing U.S.-China trade tensions, a hawkish Fed rate cut, robust corporate earnings, and an ongoing government shutdown.The large-cap S&P 500 (+2.3%) and Dow Jones Industrials (+2.6%)…

Key Takeaways Paris’s low cost of living can help retirees stretch their savings, with median monthly housing costs that are less than half the national median. Despite its small size, health care is surprisingly accessible in Paris, which contains one of Henry County’s two major hospitals. Bordering an 841-acre forest and a 160,000-acre lake, Paris offers easy access to nature and outdoor recreation. Paris’s welcoming community, creative spirit, and long-standing local traditions provide plenty of opportunities to feel connected. It may not be the pride of France, but Paris, Tennessee, is still a worthwhile destination—at least for retirement. Nestled in…

Key Takeaways Shares of IREN surged to a record high Monday after the Australian Bitcoin miner and data center company said it inked a $9.7 billion deal with Microsoft. IREN is also spending $5.8 billion to purchase Nvidia chips from Dell Technologies. IREN (IREN) shares jumped to an all-time high Monday after the Australian Bitcoin miner and data center company said it inked a $9.7 billion deal with Microsoft (MSFT). Shares of IREN were up over 8% near $66 in recent trading after reaching an intraday high of $75.73 earlier in the session. Shares of Microsoft were little changed. The company…

Key Takeaways Federal Reserve Governor Lisa Cook declined to discuss details of her lawsuit to stop President Donald Trump from firing her in her first public remarks since the controversy began.The ongoing government shutdown has delayed publication of key economic indicators, making the Fed’s job of controlling inflation and keeping employment high more challenging. Since unwillingly becoming the frequent subject of news headlines this year, Federal Reserve Governor Lisa Cook says she can no longer eavesdrop on diner patrons to hear what people are saying about inflation.In her first public remarks since President Donald Trump attempted to fire her this…