Author: Money Mechanics

KeyBank CD Rates Key Features CD Type  CD Term APY Range Minimum Deposit Short-term CDs 7-179 days 0.05% $2,500 Tier CDs 7 months-120 months 3.00%-3.50% (for promo), varies $2,500 Jumbo CDs 7 months-120 months 3.00%-3.50% (for promo), varies $100,000 Short-term KeyBank’s short-term CD is for individuals who want a safe place to stash their money, but don’t want to commit to a long term. This CD has terms ranging from 7 to 179 days, so it’s best for those who need to use the money (or find a new home for it) within six months.  The APY on the short-term…

Key Takeaways Netflix said it plans to undergo a 10-for-1 stock split that will take effect after the closing bell on Friday, Nov. 14.The move could make its stock price, which recently hovered above $1,120, more accessible to a wider range of investors. Netflix said it plans to undergo a 10-for-1 stock split, in a move that could make its stock more accessible to a wider range of investors. The split, which is set to take place after the closing bell on Friday, Nov. 14, means shareholders will receive nine new Netflix (NFLX) shares for every one they owned heading…

Key Takeaways Reddit shares jumped Friday after the social media company posted earnings that topped analysts’ estimates.A jump in users helped power the better-than-expected results. Reddit (RDDT) shares surged Friday after the social media platform posted better-than-expected earnings and an upbeat outlook. The stock was up about 18% in recent trading, pushing its year-to-date gains close to 40%. Reddit reported third-quarter earnings per share of $0.80, well above the consensus of analysts surveyed by Visible Alpha. Its revenue soared 68% year-over-year to $585 million, also exceeding expectations as a measure of its users jumped. Why This Is Significant Heading into the…

For decades, getting home internet meant scheduling a technician, drilling holes, running cables and setting up a bulky modem. But that model is changing fast.Carriers like T-Mobile and Verizon are betting that wireless home internet, powered by the same 5G networks that run your smartphone, can deliver reliable broadband without the wires, contracts or hidden fees that frustrate customers.T-Mobile’s 5G Home Internet has quickly become one of the leading options, appealing to households looking to lower their monthly bills or skip installation headaches. Before you make the switch, here’s what to know about how it works and how it stacks…

Ever sit through a meeting with your financial adviser and wonder afterward, “Did that really help me?”Now imagine the opposite — you leave feeling lighter, clearer and confident about what comes next. That’s what happens when an adviser meeting actually works.Too many people leave adviser meetings with a tidy report but no real clarity on whether they’re on track financially — or paying for the right kind of help. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed investor. CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of…

It’s not only ghosts and goblins lurking around the corner this Halloween. The true terror haunting millions of Americans is the prospect of retirement.Who can blame them? A retirement that could last two or three decades requires a substantial amount of money. How much? $1.26 million, according to one oft-cited estimate. That’s just the average. If you lived in Hawaii, another study puts your needed nest egg at $2 million, and higher lifestyles require more.And that’s just one part of the potential nightmare. Here are eight more things about retirement that nightmares are made of. From just $107.88 $24.99 for…

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at four questions on the meaning of modified adjusted gross income, or MAGI. (Get a free issue of The Kiplinger Tax Letter or subscribe.)1. MAGI — general rulesQuestion: I keep seeing references to modified adjusted gross income in stories about federal income tax breaks. What is modified adjusted gross income?Joy Taylor: The IRS and other federal agencies often use a taxpayer’s modified adjusted gross income (MAGI) to determine eligibility for certain benefits or tax…

The Federal Reserve cut rates for the second time in 2025 this week. While that’s not great news for savers, it’s good news for borrowers. If you’ve been waiting on rates to drop to take out a HELOC or personal loan for some home improvement projects, now is the time to strike.While rates are expected to come down further, the clock is ticking on a package of energy-efficient home improvement tax credits that could put thousands back in your pocket after making eligible upgrades to your home.You can always refinance a loan when rates drop even further, but you won’t…

Amazon Stock Pops as Earnings Top Estimates, Driven by AWS Growth 29 minutes ago Amazon (AMZN) shares were soaring in early trading Friday after the e-commerce and cloud giant posted third-quarter results that blew past analysts’ estimates, driven by growth in its cloud business. The shares were up over 13% above $252 in early trading, putting them on track to open at their first all-time high since early February. The online retail and cloud computing provider reported earnings per share of $1.95, up from $1.43 the same time a year ago, and well above the analyst consensus compiled by Visible Alpha. Revenue…

Gold markets are on edge after the Trump-Xi meeting in Busan. This report argues that President Trump’s unexpectedly dovish comments on China—saying “full-scale tariffs on China can’t last forever”—could undermine gold’s appeal as a safe haven and trigger selling. The diplomatic shift has set off a round of profit-taking and repositioning, and this analysis explores the resulting pressure on as well as potential investor moves.The summit provided few concrete solutions, but the key issue now is the changing stance of President Trump and its impact on gold prices. The prevailing selling pressure on suggests that investors are reacting to his…