Author: Money Mechanics

Apple Maps users could start seeing ads in the app as soon as next year, according to a new report from Bloomberg’s Mark Gurman. Similar to Google Maps and other mapping apps, Apple’s plan is to allow restaurants and other businesses with brick-and-mortar locations to pay to promote themselves in search results, Gurman says. While Apple already runs ads in the App Store, this could be part of a larger strategy to introduce more advertising in iOS. Apple will reportedly try to distinguish itself from the competition with a better interface, and by using AI to show relevant results.  The…

You may not have all the money you want, or even need, but that doesn’t mean you can’t change that with the right adjustments to your spending habits and a few tweaks to your financial plan. However, if you’re like many others, you may not be getting rich because you’re not focusing on the right moves to build wealth. Find Out: If Mark Zuckerberg’s Wealth Were Evenly Distributed Across America, How Much Money Would Every Person Get? Up Next: 6 Popular SUVs That Aren’t Worth the Cost — and 6 Affordable Alternatives Here are three things you must stop doing…

Oil prices surged on Friday as traders reacted to sweeping new U.S. sanctions on Russia’s energy sector that reignited supply fears and fueled one of the strongest weekly rallies since July. West Texas Intermediate (WTI) crude futures rose 0.37% to $62.02, while crude gained 0.65% to $66.42, extending a powerful rebound that lifted both benchmarks more than 7% for the week. The OPEC basket also jumped 6.14% to $67.25, reflecting tightening fundamentals across the market. The renewed sanctions, announced by the U.S. Treasury Department, target major Russian producers including , , and tanker group Sovcomflot, effectively cutting off nearly 4.5…

By David Enna, Tipswatch.com A helpful reader alerted me last week that TreasuryDirect was asking investors to clear out their Zero-Interest Certificates of Indebtedness (C of I) holdings. Based on the wording of the email, I’d call it a “warning,” a little more urgent than the “please pay attention” message sent earlier in October about delivering all sets of gift-box I Bonds. Read about the gift-box messaging here: “TreasuryDirect email is an omen of coming changes.” What is a C of I? Basically, it is a lousy deal and probably a throw-back to days when investors didn’t have low-cost brokerage accounts…

(World Oil)– Baker Hughes has secured a multi-year agreement from Aramco to significantly expand its integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabia’s natural gas fields. The order, booked in the third quarter of 2025, will see Baker Hughes increase its active UBCTD fleet from four to ten units beginning in 2026. Under the new contract, Baker Hughes will deliver an expanded scope of services, including underbalanced drilling, operational management, well construction, and geoscience support for both re-entry and greenfield drilling projects. The expansion aims to enhance gas production efficiency, optimize reservoir recovery, and support Saudi Arabia’s growing…

As Q3 earnings season kicked off last week, the market received a scare when negative news about two small regional lenders broke.  Auto parts lender First Brands filed for Chapter 11 bankruptcy protection with around $6.1 billion in debt on its books, while Tricolor—a subprime auto lender and dealer—filed for Chapter 7 bankruptcy citing alleged systemic fraud.  In response, JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon issued a warning about looming private credit risks in the economy, stating that “when you see one cockroach, there are probably more.”  But the operative words there are “private credit.” And when it came…

Dave Ramsey has guided millions of Americans through their debt struggles, but his advice to hit “pause” on your 401(k) while you’re paying off debt could cost you tens of thousands of dollars you’ll never get back. Pausing contributions forfeits employer matches, misses market rebounds that often follow market downturns, and derails the automatic savings that keep you on the path toward retirement. Financial advisors we spoke with say there’s a better way. Why Pausing Can Be a Pricey Mistake Here’s what you could lose if you stop contributing to your 401(k): You forfeit free money: Employer matches are real…

As major indexes rebound from recent drawdowns, investors face the challenge of managing portfolios that may look very different than they did at the start of the year.One strategy to consider is tax-loss harvesting, an approach that not only helps optimize tax efficiency, but can also maintain a balanced portfolio to help weather future market fluctuations.What is tax-loss harvesting?Tax-loss harvesting is a financial strategy that involves selling investments that have incurred losses and using those losses to offset the capital gains tax owed on other investments. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed investor.…

By 2048, a record-breaking $124 trillion could pass from an older to a younger generations in what has been dubbed the Great Wealth Transfer — with significant implications for the U.S. economy.But the mechanics of this transfer within individual families are equally important, especially if heirs aren’t logistically or mentally prepared to inherit a large sum.Despite its significance, only 31% of Americans have a will, even though 83% recognize the importance of estate planning, according to Trust & Will’s 2025 Estate Planning Report. This disconnect leaves many families vulnerable to confusion, conflict and financial missteps. From just $107.88 $24.99 for…

The number of Americans 85 and older is expected to nearly double by 2035, according to the U.S. Census Bureau. With age often comes the need for help with driving, medical care and daily tasks, sometimes making living alone no longer safe or practical. That’s when families consider moving to a retirement home.“For the typical person, the thought of going to a retirement home is terrible,” says Patrick Simasko, an elder law attorney in Mount Clemens, Michigan. “In their mind, they’re going to a dump and it’s the next step to a funeral home.” But that’s not the case today.Modern…