Author: Money Mechanics

(World Oil)– Baker Hughes has received a significant order for 25 aeroderivative gas turbines from U.S.-based Dynamis Power Solutions, expanding the energy technology company’s footprint in mobile power systems used across upstream, refining and petrochemical operations. The order—booked in the third quarter of 2025—includes LM2500, LM6000 and LM9000 gas turbines, totaling 1.3 GW of generation capacity. The equipment will be integrated into Dynamis’ fleet of mobile power units, which are deployed in regions where reliable on-site power is essential for drilling, production, and processing activities. A key component of the deal is Dynamis’ adoption of 10 LM9000 gas turbines, which will anchor…

Key Takeaways Avoid reacting to short-term market or political changes that can derail your long-term goals.Focus on what you can control by staying grounded in your plan and disciplined in your decisions.Identify the root of your worries so you can address them with clarity and confidence.Channel anxiety into action by reviewing your goals and consulting your advisor before making changes. Many Americans are feeling anxiety in today’s world. Money and politics are colliding, and constant headlines about tariffs, regulatory changes, layoffs, and global turmoil are causing widespread anxiety among investors. Heightened anxiety may prompt your clients to make rash decisions…

KEY TAKEAWAYS The percentage of employees in 2024 who took out a hardship withdrawal from the retirement account more than doubled compared to 2018.The costs of emergencies also continue to rise, from unexpected car repairs and hospital stays to an increased number and severity of natural disasters. It is becoming increasingly difficult for many Americans to accumulate sufficient savings, and many struggle to afford emergency expenses, especially as the costs for things like home repairs or hospital stays increase faster than general inflation. Workers are having to find alternative ways to afford these unexpected costs, such as taking out loans…

Key Takeaways Buffett calls self‑development “the best investment by far” because skills can’t be taxed or “inflated away.”The next‑best hedge is to own stock in companies whose products require little new capital but can raise prices at the rate of inflation or even higher.Firms built on royalty-like models or networks often convert revenue to cash without big reinvestments, giving them room to outpace rising costs. Inflation may ebb and flow, but Warren Buffett’s two lessons for fighting it are timeless. Become so good at what you do that people will pay a premium for your skills.Own stock in businesses that don’t…

How to Dodge the Sequence of Returns Trap in RetirementgettyRetirement is meant to be a reward for decades of work and saving. But for many, one hidden risk quietly threatens that reward: the risk of experiencing poor investment returns early in retirement while withdrawing from savings. Known as sequence‑of‑returns risk, this phenomenon doesn’t show up when you’re in accumulation mode, but it can dramatically change the outcome when you’re decumulating. Here’s a clear‑eyed look at this trap, how it works, and six practical actions anyone approaching or living in retirement should consider to reduce its impact.Why Sequence‑Of‑Returns Risk MattersWhen you’re…

Major U.S. equities indexes turned lower Thursday afternoon, reversing early gains as a rally powered by Nvidia’s (NVDA) blockbuster earnings after the bell Wednesday faded. The Dow Jones Industrial Average slid 0.7%, the S&P 500 dropped 0.9%, and tech-heavy Nasdaq fell 1.1%. Nvidia shares, which jumped as much as 5% earlier in the session on the chipmaker’s better-than-expected results, were down about 2% in recent trading. Jacobs Solutions (J) led declines on the S&P 500 as shares dropped nearly 10% after the company posted weaker-than-expected results, citing a drop in value of one of its investments, along with a substantially…

(Image credit: Getty Images)The September jobs report, delayed from its initial October 3 release date due to the record-long government shutdown, came in higher than expected. While this is good news for those worried about a sharp slowdown in the labor market, it does keep the odds of a December rate cut low.According to the Bureau of Labor Statistics (BLS), nonfarm payrolls rose by 119,000 in September, beating economists’ estimate for 50,000 new jobs. Figures for July were revised down by 7,000, from +79,000 to +72,000, while those for August were revised lower by 26,000, from +22,000 to -4,000.These revisions…

Key Takeaways Many market watchers have followed Nvidia’s earnings not only with bullish takes on the state of the stock, but on the AI trade and markets broadly.Investopedia gathered a selection of that sentiment today. “We expect AI to be the most important macro factor in 2026,” one analyst wrote. The highly anticipated results from chip giant Nvidia alleviated worries on Wall Street about the health of the AI trade.  The concerns may not have been completely extinguished with Nvidia’s (NVDA) better-than-expected report, but many market watchers followed the late-Wednesday release of the results with broadly bullish calls. (Read Investopedia’s full…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.If 2026 is Tim Cook’s final year as chief executive of Apple, he will be going out in style. The Financial Times’ report that succession planning at Apple is now in high gear makes it seem increasingly likely that the pre-eminent consumer tech company will soon be under new management.Strong demand for the iPhone 17 lifted Apple’s stock market value past $4tn for a while over the past month. With a strong tailwind from the huge stock buybacks that Cook instigated as…

(Image credit: Getty Images)Stocks shot higher out of the gate Thursday with bulls encouraged by Nvidia’s (NVDA) earnings report and stronger-than-expected September jobs data. However, the tide quickly turned and all three main indexes were staring at stiff losses by lunchtime as the AI bellwether turned lower and odds for a December rate cut dwindled.At Thursday’s open, stock market gains ranged between 1.3% and 2.1%. But at the close, the blue-chip Dow Jones Industrial Average was down 0.8% at 45,752, the broader S&P 500 was off 1.6% at 6,538, and the tech-heavy Nasdaq Composite had slumped 2.2% to 22,078.Nvidia’s Q3…