Author: Money Mechanics

(Image credit: Getty Images)Investors, traders and speculators welcomed beat-and-raise earnings announcements from two up-and-coming technology companies and a positive forecast from an aircraft maker as the main U.S. equity indexes got back into the green on Tuesday. Momentum ebbed briefly, but fundamentals grounded in the AI revolution and the power of flight carried the trading day.Everybody from Washington, D.C., to Wall Street is alert to President Donald Trump’s weekend revelation that he knows whom he will name as the next Fed chair. Trump said today he will announce his choice early in 2026, though markets remain more focused on the…

KEY TAKEAWAYS The Social Security program is expected to run out of funds by 2034, which could result in a reduction of benefits by nearly 20%.Placing a cap on the cost-of-living adjustments for those with higher benefit amounts could save the program $115 billion or more over a decade and keep it funded for a longer period. One idea to resolve the Social Security funding gap would affect the highest earners by capping the annual increase in benefits received. The Social Security program is expected to deplete its main trust fund in approximately eight years. A recent report from the…

Key Takeaways Michael and Susan Dell’s $6.25 billion donation will seed 25 million Trump Accounts with $250 for eligible children.Children 10 years old or younger, born before 2025, and residing in ZIP codes with a median household income of under $150,000 may be eligible.Although Trump Accounts offer some tax benefits, other accounts, such as brokerage accounts, may be more flexible and tax-efficient. More children could be eligible for savings accounts after a charitable donation from one of the richest people in the country. Michael Dell, founder and CEO of Dell Technologies (DELL), and his wife, Susan Dell, plan to donate…

Long Cast Advisers, an investment management firm, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the third quarter, the fund’s cumulative net returns improved 4%. The fund returned a cumulative 266% net of fees, or 14% CAGR, since its inception in November 2015 through the quarter-end of Q3 2025. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025. In its third-quarter 2025 investor letter, Long Cast Advisers highlighted stocks such as Pro-Dex, Inc. (NASDAQ:PDEX). Pro-Dex, Inc. (NASDAQ:PDEX) is a leading powered surgical instruments manufacturing…

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.A slew of new supply is still making its way through the multifamily housing market. That, coupled with weakening demand, especially from the youngest workers, is pushing vacancies up and rents down. The national median rent for apartments fell 1% in November from October, and now stands at $1,367, according…

Red Dead Redemption joined the Netflix gaming catalog on Tuesday, a great moment for fans of the franchise as it marks the first time the game is officially available on iOS and Android devices.  Players with a Netflix subscription can now download the game, which features mobile-friendly controls, including touch-screen shooting and navigation. It’s important to note that the game does not feature a multiplayer mode and players must be connected to the internet to play; offline gameplay is not available. Originally released by Rockstar Games in 2010, Red Dead Redemption is set in the year 1911 during the Wild…

(Investing)– OPEC+ members will undergo an annual assessment of their oil production capacity starting next year for use in 2027, OPEC+ sources said, to ensure that the group sets output quotas that are more closely aligned with each country’s real capacity. This follows an agreement reached on Sunday which marks progress in resolving what has been a thorny issue for OPEC+ for years, and is expected to boost the credibility of its future production deals with investors and oil market participants. Some members such as the United Arab Emirates have increased their capacity and would like higher production targets, while…

Key Takeaways Database software maker MongoDB beat estimates with its third-quarter results and issued guidance that topped expectations.The performance, attributed in part to customer expansion and early traction in AI workloads, is sending the company’s shares higher on Tuesday. Database software maker MongoDB’s (MDB) stock is soaring after the company posted stronger-than-expected quarterly results and a solid forecast. Shares of MongoDB soared nearly 25% Tuesday, a day after the company reported adjusted earnings of $1.32 per share on revenue that increased 19% year-over-year to $628.3 million. Analysts surveyed by Visible Alpha had expected $0.82 and $594.3 million, respectively. Why This…

Key Takeaways Costco Wholesale is suing the Trump administration over tariffs imposed earlier this year.As the Supreme Court weighs whether the tariffs were legal, Costco argues they are not and says it should be refunded what it has paid. Warehouse retail giant Costco Wholesale (COST) has joined the list of companies looking for a refund on tariffs. The company filed a lawsuit against U.S. Customs and Border Protection and the Trump administration on Friday. In the Court of International Trade, Costco said that it would seek a refund of the tariffs it has paid on imports in the last several…

Key Takeaways Louisiana, Wyoming, and Illinois are unlikely, but popular, artificial intelligence (AI) hot spots. They’re proof that you don’t have to move to Silicon Valley to build an AI career. Top-paying AI jobs are in Montana, Alaska, New York, and Massachusetts, with the majority of these jobs being on-site. To land an AI job, you need real technical skills, a strategic resume, and analytical thinking skills. If you think you need to move to Silicon Valley to land a high-paying AI job, think again. An analysis of more than 45,000 LinkedIn job postings by Resume.ai shows that states like…