Author: Money Mechanics

Key Takeaways Another meme stock frenzy is underway, sparking massive moves for shares of Beyond Meat and Krispy Kreme.Beyond Meat’s stock price more than doubled Wednesday morning, touching its highest level in more than a year, before giving back most of those gains in the afternoon.Shares of Krispy Kreme, the beaten-down maker of sweet treats, have soared the past two days. If you’re old enough to remember when shares of Beyond Meat traded for under a buck apiece, read on. (It was earlier this week.) Those days seem quaint now, with the stock moving as high as $7.69 this morning—its…

The wealth management landscape for ultra-high-net-worth families has rarely been more complex. Geopolitical volatility, shifting tax policies, stricter governance standards and the changing investment priorities of younger generations are reshaping how family offices operate.Families are diversifying into unfamiliar sectors, reassessing jurisdictional choices and professionalizing their operations at a faster pace than ever before, according to TMF Group’s recent report on private wealth and family offices.For family offices, building in resilience to rising global risk is no longer just about wealth preservation; it is about ensuring that operations, governance and structures can withstand turbulence while being able to take advantage of…

Key Takeaways The streamer’s third-quarter earnings fell short of Wall Street estimates after logging a one-time tax expense in Brazil.Netflix’s stock is the biggest loser in the S&P 500 Wednesday, falling some 10%. Even the “KPop Demon Hunters” were no match for the jump scares in Netflix’s (NFLX) latest earnings. The streaming giant has been riding high on the success of the Korean cultural import—its animated superhero girl group has been a record-breaking hit—but its third-quarter report featured an unusual tax expense amid heightened investor expectations. Investors pulled away from the shares in response, with the stock falling some 10%…

Goldman Sachs published a new 25-page guide for founders generating life-changing wealth. Among the report’s primary takeaways: Plan early to structure deals and capital considerations. Goldman partner Kerry Blum says founders “only get one first sale”—so it’s critical to get it right. Dealmaking is heating up again, and founders eyeing an IPO or sale are facing a new kind of challenge: what to do with the sudden wealth that follows. A new 25-page report published by Goldman’s private wealth and investment banking professionals lays out the decisions founders need to prepare for once they cash out. It outlines six steps…

In-brief analysis October 22, 2025 Data source: U.S. Energy Information Administration, Petroleum Supply MonthlyNote: The 2025 annual average is the year-to-date average through July. The United States is on track to export a record amount of fuel ethanol for the second year in a row in 2025, driven by growing international demand. This growing market for exports is supporting increased U.S. fuel ethanol production, even as domestic consumption stagnates. Fuel ethanol is a renewable fuel that is commonly blended with gasoline and is made by fermenting sugar from biomass, typically corn…

U.S. President Donald Trump meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025.Jim Watson | Afp | Getty ImagesThe U.S. could substantially slash tariffs on Indian exports as the two countries near a trade deal that could see New Delhi cutting oil purchases from Russia, Indian media outlet Mint reported Wednesday.As part of the trade deal, Washington could slash tariffs on Indian exports to 15%-16% from the current 50%, Mint reported citing three unnamed sources aware of the matter.India is also considering raising its import quota for…

Key Takeaways DraftKings said it’s expanding into prediction markets with its acquisition of Railbird Technologies.Shares of DraftKings climbed Wednesday following the news, though they remained in negative territory for 2025. DraftKings (DKNG) is expanding into the booming prediction markets business. The online sports betting operator said Tuesday it is buying Railbird Technologies, which it said would support the company’s plans to offer regulated event contracts. Financial considerations of the deal were not disclosed. Co-founder and CEO Jason Robins said the addition of Railbird “positions us to win in this incremental space.” Why This Is Significant Online prediction markets like Kalshi…

(World Oil)- MariEnergies has announced an oil discovery at its Shawal-1 exploration well, located within the Mari Development and Production Lease (Mari D&PL) in Sindh Province, Pakistan. The company operates the block with a 100% working interest. The Shawal-1 well was spudded on Jan. 27, 2024, and drilled to a total depth of 1,136 m in the Ghazij Formation. Well testing yielded a flow rate of 1,040 bpd of 30° API crude with 12% BS&W and 2.5 MMscfd of associated gas, on a 32/64 in. choke with a wellhead pressure of 953 psi. MariEnergies said the discovery reflects the success…

Key Takeaways Hilton boosted its earnings outlook after posting stronger-than-expected quarterly results.Demand remains strong at higher-end properties such as LXR, Conrad and Waldorf Astoria. Not everyone is scaling back on discretionary spending. Aided by gains in its luxury brands, Hilton Worldwide Holdings (HLT) reported better-than-expected third-quarter results. Hilton stock was among the top gainers in the S&P 500 Wednesday morning, up 5% recently and trading near an all-time high. The McLean, Va.-based company posted adjusted earnings of $2.11 per share on revenue that rose almost 9% year-over-year to $3.12 billion. Analysts polled by Visible Alpha had expected $2.06 and $3.01…

Key Takeaways Netflix shares tumbled in premarket trading Wednesday after the streaming giant’s third-quarter earnings came in short of Wall Street expectations, with the company citing a charge related to a tax issue in Brazil.The stock price looks set to tumble toward the lower trendline of a descending triangle.Investors should watch key support levels on the Netflix chart around $1,065 and $942, while also monitoring critical overhead areas near $1,265 and $1,341. Netflix (NFLX) shares tumbled in premarket trading Wednesday after the streaming giant ‘s third-quarter earnings came in short of Wall Street expectations. The company posted earnings per share…