Author: Money Mechanics

Key Takeaways Six Flags Entertainment shares soared Tuesday after activist investor Jana Partners said it’s teaming up with NFL star Travis Kelce to press for changes at the company.Six Flags shares have lost nearly half of their value this year as the amusement park operator has grappled with declining attendance. Six Flags’ stock is getting a bit of help from Travis Kelce. Shares of Six Flags Entertainment (FUN) surged nearly 18% Tuesday afternoon after activist investor Jana Partners said it’s teaming up with the NFL star, who is engaged to pop superstar Taylor Swift, to advocate for changes at Six…

KEY TAKEAWAYS Gold suffered its biggest one-day loss in a dozen years on Tuesday.An end to the ongoing government shutdown and a trade deal between the U.S. and China would ease some of the uncertainty that has sent gold to a series of record highs recently, according to analysts.Even with Tuesday’s decline, the price of gold is still up 57% since the start of 2025. Other precious metals have also rallied this year. Gold’s year-long rally hit a wall Tuesday, with the price of the precious metal falling the most it has in a dozen years. Spot gold dropped as…

Canadian CPI data came out today, and the general trend is that it is bouncing around “normal levels” for an expansion. Although higher than the average for the 1990-2020 period, no reason to get too excited. Grocery prices have been trending higher on a year-over-year basis (4%) since a low in April. To what extent this is partly the result of turmoil in the United States is not clear to me. Although I am not spending too much time handicapping the Bank of Canada, I lean towards the policy rate sticking near current low levels.I like looking at nonfinancial business…

According to REcore, in compliance with the standards approved by the Department of Justice (DOJ) in its 2008 consent decree with the National Association of Realtors (NAR), the company does not charge MLS participants who directly contribute to the network effect of the MLS.  “Instead, the REcore fee structure requires entities that use MLS data to generate revenue, without representing buyers or sellers, to pay for those usage rights. CRMLS then requires REcore to distribute profits from such use back to the listing brokers who provided the original MLS content,” a statement from REcore reads.  REcore adds that this system…

Key Takeaways Coca-Cola is leaning into its high-protein milk products, but also planning to shake up the segment’s offerings as competition in the space heats up.Many food and beverage companies are focused on protein as a greater share of Americans take GLP-1 drugs or otherwise embrace the macronutrient. Coke is bulking up on protein. Coca-Cola (KO) is opening one of the largest dairy processing plants in the U.S. as it works to satisfy demand for Fairlife milk filtered to remove lactose and reduce sugar, but keep protein, its executives said on a conference call Tuesday. It’s doing so as more…

Key Takeaways Hiring by U.S. employers has slowed to a crawl, according to recent data from Vanguard.The job creation rate is at its slowest sustained pace since 2009, when the U.S. was in a recession.Vanguard’s report is one of a handful of privately created data sources available in the absence of government reports that have been delayed by the shutdown. The last time job growth was as slow as it is now, Boom Boom Pow by the Black Eyed Peas was at the top of the charts, a Bitcoin cost a quarter of a cent, and Donald Trump was best…

Key Takeaways The Fed is likely to cut interest rates next week, which would push savings, money market, and CD yields lower. Opening a top nationwide CD now lets you lock in one of today’s 4%-plus rates, guaranteeing your return for months or years, despite Fed cuts. For cash you want to keep flexible, top high-yield savings accounts still pay in the 4% to 5% range, but those rates are expected to slip. The full article continues below these offers from our partners. A Fed Rate Cut Is Likely Next Week—Here’s How It Could Hit Your Savings The Federal Reserve…

Key Takeaways A strong earnings report helped boost a U.S. major carmaker on Tuesday, Oct. 21, 2025, while receding gold prices dragged down shares of a mining giant.General Motors shares surged after the vehicle manufacturer beat quarterly estimates and said tariff costs should be lower than previously forecasted.Shares of Newmont, the world’s largest gold producer, moved lower as prices of the precious metal fell from their all-time highs. Shares of a big U.S. automaker zipped higher Tuesday following better-than-expected earnings, while a top miner’s stock fell with a slip in gold prices. Major U.S. equities indexes finished the day mixed…

Key Takeaways OpenAI launched its AI-powered Atlas browser, which comes with ChatGPT built in, to macOS users Tuesday, with plans to roll it out to Windows, Android, and iOS users soon.The browser could challenge existing search leaders such as Google, which has already acknowledged OpenAI’s ChatGPT as a competitive threat. AI startup OpenAI is coming for Google’s Chrome. The ChatGPT maker and world’s most valuable private startup launched its highly anticipated AI-driven browser Tuesday, in a move that could challenge leading browsers like Google’s (GOOGL) Chrome. The new browser, Atlas, comes with the company’s flagship chatbot ChatGPT built in, eliminating…

Key Takeaways The U.S. economy faces increasing risks the longer the current government shutdown continues, economists said.The shutdown, which began Oct. 1, is now the second-longest in U.S. history, with no end in sight.Lost federal worker pay, lost contracts, lost services, and reduced consumer spending will all drag on the economy more the longer the shutdown continues, economists said. Past government shutdowns have been little more than speed bumps for America’s economic growth, but the longer this one drags on, the more economists fear it could be different.This shutdown could be more damaging than others given its potential to go…