Author: Money Mechanics

Three decades ago, buying a stock required a phone call to a broker, a sizeable fee and the confidence to act on limited information.Today, a client can analyze their portfolio, stress-test retirement plans and execute trades before finishing their morning coffee. I’ve seen this transformation unfold remarkably quickly over the course of my career in this industry, and it is still accelerating.But as technology has made financial planning faster, cheaper and more transparent, it has also introduced a new category of risk — the illusion of certainty. More data and authoritative-looking outputs do not always produce better decisions. And in…

Uber Technologies, Inc. Q2 2026 Earnings Call Summary – Moby Strategic Execution and Platform Synergy Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we’ll show you why it’s our #1 pick. Tap here. Achieved record audience and engagement, marking the fourth consecutive quarter of gross bookings growth exceeding 20%. Performance attribution is driven by significant operating leverage, with non-GAAP EPS growth outpacing revenue growth and free cash flow exceeding $10 billion. The acquisition of Delivery Hero extends Uber’s proven strategy to double the number of markets where it…

Homebuyers have more choices and more time to make decisions as the market has slowed this summer and sellers are increasingly adjusting their expectations to match, according to Redfin agents. Well-priced, move-in-ready homes are still selling quickly, showing that buyer demand is strong for desirable properties. The U.S. housing market has settled into a slower pace this summer, giving buyers more time to shop and negotiate than they had during the bidding wars of recent years. High mortgage rates are weighing on demand, while rising inventory is giving buyers more leverage. It’s forcing many sellers to price carefully and offer…

Sabrina Ortiz/ZDNETFollow ZDNET: Add us as a preferred source on Google.Google will announce its latest smartphone lineup, the Pixel 11 series, at its “Made by Google” event on Aug. 12. Hot on the heels of Samsung’s latest foldables, Google plans to follow up with its own, the Pixel 11 Pro Fold, along with the Pixel 11 Pro, XL, and base model. Also: Is the new (pricier) Pixel 11 series still a good value compared to Samsung’s Galaxy phones?Based on preliminary information, it looks like the 11 series will largely feature incremental upgrades to the processor, camera, and storage, while costing more as…

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For years, Richmond was known as one of London’s most charming residential enclaves—a peaceful riverside neighborhood filled with independent shops, cozy pubs, and leafy parks. But the affluent community has recently gained international renown for a very different reason, thanks to a rather unlikely ambassador: Jason Sudeikis’ fictional soccer coach character Ted Lasso, whose experiences of living and working in Richmond take center stage in the hit Apple TV series of the same name. The Emmy Award–winning “Ted Lasso” became a cult hit when it premiered in August 2020, launching its British stars—including Juno Temple, Brett Goldstein, and Hannah Waddingham—to…

Ash Sollie stands in front of her grandparents’ home, where she previously lived, after it was destroyed by a wildfire, in Spokane, Washington, Aug. 2, 2026.David Ryder | ReutersHomeowners insurance costs are swelling rapidly for consumers — and even for those able to pay, policies are getting harder to keep as insurers drop customers at a higher rate, according to a new industry report. Average premiums for homeowners insurance rose faster than inflation across all major regions of the country from 2018 to 2024, according to a report released Wednesday by the National Association of Insurance Commissioners, a group that…

More details continue to trickle out about OpenAI’s mysterious new hardware device — described previously as an AI-fueled smart speaker that will be the “physical manifestation” of ChatGPT. Bloomberg now reports that the device will be “donut-shaped,” designed thusly to allow users to carry it around their home and place it in different locations, like a bedside table or a kitchen counter. It will be constructed from “high-quality metal,” have a “premium look,” and (in a detail that mystifies) will have distinct “moving parts,” sources told Bloomberg. It also could be slightly more expensive than your average smart speaker, perhaps…

(Oil Price) – Angola’s state-owned oil firm Sonangol and its partner in an exploration block offshore Angola, ANPG, successfully drilled an appraisal well that showed good reservoir potential for both oil and gas production. Sonangol and ANGP announced on Thursday the successful completion of the drilling and testing operations of the Katambi-2 appraisal well in Block 24 of the Benguela Basin. The Katambi-2 appraisal well crossed two productive intervals, confirming good quality reservoirs, with quality metrics higher than the ones from the Katambi-1 well, drilled by BP more than a decade ago. BP later returned its stake to the Angolan state saying…

We’ve written about how the U.S. initial public offering (IPO) market has been changing, with companies staying private longer. That also means most are going public as bigger, more mature, companies. The data backs this up. Although, the “why” is still being argued over. We previously discussed some of the reasons like the growth in private capital and increase in regulatory requirements. Companies are staying private longer  The structural shift driving this change started in the early 2000s. Compared to the IPO peak in the late 1990s:The share of startups that eventually IPO has fallen from over  25% to just 2%.The median age of a company at IPO has  doubled.Total capital raised by late-stage private startups has  tripled.As a result, older, bigger, better-capitalized companies are…