Author: Money Mechanics

Key Takeaways Major U.S. equities indexes mostly advanced Thursday as investors monitored China trade developments and digested the latest batch of corporate earnings. IBM’s shares declined after its software revenue came in lower than analysts expected.Honeywell shares surged after the conglomerate raised its full-year profit outlook and gave an update on planned spinoffs. Major U.S. equities indexes mostly advanced Thursday as investors monitored China trade developments and digested the latest batch of corporate earnings. The S&P 500 and Nasdaq were higher, while the Dow Jones Industrial Average was little changed. IBM’s (IBM) shares pulled back as its software revenue came in…

Key Takeaways Shares in quantum computing firms are getting a lift Thursday on reports that the Trump administration is in discussions to take equity stakes in them in exchange for federal funding.IonQ, Rigetti, D-Wave Quantum, and Quantum Computing are among the companies said to be involved in the talks. A new White House trade is here. President Donald Trump’s hands-on approach to publicly-traded companies—sometimes called “state capitalism” or “national capitalism” now reportedly includes quantum computing firms. The Wall Street Journal reported that the Trump administration is involved in discussions with a handful of companies, promising them federal funding in exchange…

Key Takeaways Intel is scheduled to report its quarterly results after the closing bell Thursday.Wall Street analysts see the struggling chipmaker swinging to a slight profit from a loss in the preceding and year-ago quarters. Intel could face heightened expectations from investors when it reports third-quarter earnings after the bell, following a torrid rally in recent months on a flurry of high-profile deals. Though the stock was little changed in early trading Thursday, it’s up over 80% for 2025, with most of the gains coming since August when the federal government took a 10% stake in the struggling chipmaker. A partnership with rival…

We came across a bullish thesis on Powell Industries, Inc. on Kroker Equity Research’s Substack. In this article, we will summarize the bulls’ thesis on POWL. Powell Industries, Inc.’s share was trading at $311.7 as of October 6th. POWL’s trailing and forward P/E were 21.36 and 20.88 respectively according to Yahoo Finance. Jim Cramer Says Eaton Corporation plc (ETN) Suffers From Short Reporting Periods ronstik/Shutterstock.com Powell Industries, Inc. (POWL) is a Houston-based specialist in custom-engineered electrical power systems, serving industrial, utility, and energy sectors for over 75 years. The company designs and builds integrated solutions, including switchgear, motor control centers,…

Our latest video features the second panel discussion of the day at Artemis London 2025, a session focused on the catastrophe bond market segment, from our fourth catastrophe bond and insurance-linked securities (ILS) conference in the City of London, UK, held on September 2nd 2025.More than 220 attendees joined our Artemis London 2025 conference to hear insightful talks and benefit from valuable networking, with over 120 organisations represented across a mix of ILS industry participants, insurance and reinsurance specialists, institutional end-investors and those considering allocating to the asset class, entities looking for efficient risk transfer, and service providers to the…

While the U.S. government remains in limbo during a shutdown, the White House grounds have been busy this week. Construction workers have begun demolition on the White House’s East Wing, which will be replaced by a 90,000-square-foot ballroom that’s estimated to hold up to 1,000 guests. Taxpayers are not funding President Donald Trump’s $250 million project. Rather, he is using private donations to construct his lavish addition to the White House. The White House released a list of the project’s funders on Thursday, which include some of the most influential American tech companies, like Amazon, Apple, Google, Meta, and Microsoft,…

Key Takeaways The U.S. economy is adding far fewer jobs than it used to, raising the question of what factors are holding back hiring.An analysis by Goldman Sachs economists found President Donald Trump’s immigration restrictions were the biggest factor.Other reasons include economic uncertainty about about tariffs and layoffs of federal workers, as well as artificial intelligence. There’s no doubt U.S. employers are adding far fewer jobs than they used to. The only question is, which of the economy’s current headwinds are holding back hiring the most.Economists at Goldman Sachs attempted to answer that question this week using data from states…

Key Takeaways The average retirement account balance among those in their 60s is more than $250,000, but the median is closer to $95,500.Catch-ups grow to $11,250 at ages 60–63 in 2025, plus there are IRA and HSA catch-ups where eligible. You hit your 60s and the retirement questions get louder: Did I save enough? Should I remain longer in the workforce? And how do Social Security, Medicare, and catch-ups all fit together? Take a breath. This decade is about coordination. Hopefully, you’ve been growing your nest egg over your working life, and now you’ve got some powerful levers—such as bigger…

Key Takeaways Super Micro Computer shares tumbled Thursday after the server maker cut its fiscal first-quarter revenue forecast, citing project delays that shifted sales.The company maintained its full-year revenue outlook. It’s been a tough day for Super Micro Computer’s stock. The shares were down nearly 9% in recent trading, making it one of the biggest decliners in the S&P 500 amid broader market gains, after the artificial intelligence server maker lowered its revenue forecast less than two weeks before it’s due to report its latest quarterly results. Supermicro (SMCI) said in a business update Thursday that it’s had some recent…

Key Takeaways President Donald Trump has pardoned Changpeng Zhao, founder of the world’s largest crypto exchange Binance, clearing the way for his return to a leadership role.Bitcoin, as well as tokens linked to the Trump family and Binance popped on the news before giving back some gains. The White House is proving to be a powerful ally for influential figures in the crypto industry. President Donald Trump pardoned Changpeng Zhao, known to most as “CZ,” who was convicted and served four months in prison last year after pleading guilty to violations of the Bank Secrecy Act. Binance was fined over…