Author: Money Mechanics

Former New York Yankees star Carl Pavano has become embroiled in a very ugly divorce battle with his ex-spouse, Alissa Pavano, that has seen a series of shocking allegations raised about what went on behind closed doors inside their shared Connecticut home. The bitter legal spat began in 2024, when Alissa first filed for divorce after 14 years of marriage, but has dragged on for two years—continuing even after their split was legally finalized in 2025. Now, new details about the breakdown of their relationship have been aired after Alissa asked a Connecticut court to void a prenuptial agreement that…

(Image credit: Ben Jared / Contributor)The PGA Championship returns May 14 through May 17 at Aronimink Golf Club in Newtown Square, highlighting a busy stretch of the PGA Tour schedule.Scottie Scheffler enters the tournament after winning the 2025 PGA Championship and remains one of the sport’s dominant players. He narrowly missed adding another major earlier this season, finishing one stroke behind Rory McIlroy at the Masters.McIlroy heads into the PGA Championship with momentum following his Masters victory, while many of golf’s top-ranked players are expected to compete in the season’s second major. From just $107.88 $24.99 for Kiplinger Personal Finance…

(Image credit: Joan Cros/NurPhoto via Getty Images)Stocks jumped out of the gate Thursday, boosted by another big day of gains for mega-cap tech stocks and a red-hot initial public offering (IPO). Market participants also cheered encouraging headlines from China, where President Donald Trump and his entourage of CEOs traveled for a two-day summit with President Xi Jinping to discuss trade, tariffs and the war in Iran.At the close, the blue-chip Dow Jones Industrial Average was up 0.8% at 50,063. The broader S&P 500 added 0.8% to 7,501 and the tech-heavy Nasdaq Composite gained 0.9% to 26,635 — new all-time highs.A…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. May 14, 2026 Federal Reserve Board releases results from two surveys of senior financial officers at banks about their views on discount window operating days and their strategies and practices for managing reserve balances For release at 10:00 a.m. EDT The Federal Reserve Board on Thursday released results from two surveys of senior financial officers at banks about their views on discount window operating days and their strategies and practices for managing reserve…

Lost luggage, canceled flights, or a medical emergency can turn your dream trip into an expensive nightmare. The right travel insurance policy is designed to protect you from scenarios like these. But with so many providers to choose from, finding the best one isn’t straightforward. That’s why we evaluated the leading travel insurance companies across coverage limits, plan flexibility, financial strength, and more to bring you a list of the seven best travel insurance providers of 2026 — plus, some honorable mentions. Read more: Travel insurance: What it covers, costs, and how to choose the right policy 7 best travel…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. May 14, 2026 Stephen I. Miran submits his resignation as a member of the Federal Reserve Board, effective when or shortly before his successor on the Board is sworn in For release at 2:00 p.m. EDT Stephen I. Miran submitted his resignation Thursday as a member of the Federal Reserve Board, effective when or shortly before his successor on the Board is sworn in. He has been a member of the Board since…

Pop star Michael Jackson’s daughter, Paris Jackson, has won a new legal victory against the executors of her father’s estate—after a judge ordered that they return $625,000 in bonus payments made to third-party law firms in 2018.Executors John Branca and John McClain, who manage Jackson’s estimated $5 billion estate, will now have to “return” that sum to the singer’s family. The decision, which was made by a Los Angeles judge in a May 13 motion, was celebrated by Paris, 28, in a statement shared by her attorneys, who hailed the victory as a “massive win” for Jackson’s family.”[Paris] has always…

Cerebras Systems raised $5.5 billion in its IPO on Thursday, pricing shares at $185 Wednesday evening, way higher than its range ($115 to $125, later raised to $150-$160), even as it increased the size of the offering to 30 million shares. It then opened to public trading at $385, more than double (up 108%), as retail investors bid up the price to grab them. The stock cooled only slightly soon after. It is currently trading heavily mid-day at above $330. Even at the IPO price of $185, the company entered its first day of trading at a fully-diluted valuation of…

(World Oil) – Louisiana lawmakers have unanimously endorsed the proposed Argent LNG export facility at Port Fourchon, advancing political support for the 25-MMtpa LNG project as it continues through the federal permitting process. The Louisiana Legislature approved Senate Concurrent Resolution No. 6 with unanimous votes in both chambers, formally expressing support for development, construction and long-term operation of the proposed LNG export terminal. The facility is planned for Port Fourchon, one of the Gulf Coast’s primary offshore energy logistics hubs and a key support base for Gulf of America offshore operations. According to the resolution, the project is expected to represent one of…

Working longer as a retirement strategy takes planning and creativity.getty“Hope is not a strategy.” I’m reminded of this saying when reading the 2026 Retirement Confidence Survey, recently released by the Employee Benefit Research Institute (EBRI). The report shows that many pre-retirees want to work longer as a retirement strategy. For example, nearly three in four workers (74%) indicate a desire to work in their retirement years, and age 65 is the median expected retirement age reported by current workers. There can be many good reasons pre-retirees might want to work longer and even work during their retirement years, starting with…