Author: Money Mechanics

For many adult children, there is a desire to keep Mom or Dad safe as their abilities decline. The aging parents have more physical problems. They seem forgetful in a more noticeable way. They struggle at home, especially when living alone. Kids worry and they persuade the aging parent to move. Assisted living seems good and the move happens. Sometimes it’s not a great outcome.When A Problem Becomes VisiblePersistent sadness can be depressionGetty ImagesAssisted living facilities are designed to be an enriched social environment. They are regulated by the state’s departments of social services or equivalent. As they are not…

Now we know. Former Federal Reserve Governor Adriana Kugler abruptly resigned in August on a “personal matter” and returned to academia. Her quick departure raised questions among economists and market watchers around the world. Turns out she was facing an internal ethics investigation linked to alleged improper stock trades, according to a new government watchdog report. And there’s more. Fed Chair Jerome Powell refused to grant Kugler’s request for a waiver from the central bank’s beefed-up ethics rules, according to Bloomberg. Former Federal Reserve Governor Adriana Kugler reported numerous stock sales and purchases on her annual financial disclosure forms that…

Gold miners’ Q3 earnings season just wrapped up, and the majors’ results proved spectacular. And they really needed to be, to fundamentally justify gold stocks’ monster bull run this year. Gold miners are earning money hand-over-fist in this lofty gold-price environment, achieving many all-time records. Their massive profits consistently skyrocketing for over a couple years now still warrant big future gold-stock gains. The GDX VanEck Gold Miners ETF remains this sector’s dominant benchmark. Birthed way back in May 2006, GDX has parlayed its first-mover advantage into an insurmountable lead. Its $23.9b of net assets midweek dwarfed the next-largest similar competitor…

A federal jury in California ruled Friday that Apple must pay medical device maker Masimo $634 million for infringing a patent on blood oxygen monitoring technology. Reuters reports that the jury found that the Apple Watch’s workout mode and heart rate notification features violated Masimo’s patent. “This is a significant win in our ongoing efforts to protect our innovations and intellectual property, which is crucial to our ability to develop technology that benefits patients,” Masimo said in a statement. “We remain committed to defending our IP rights moving forward.” An Apple spokesperson told Reuters that the company plans to appeal…

(World Oil) – Frontera Energy Corp. plans to separate its Colombian infrastructure assets into a new independent company—Frontera Infrastructure—leaving Frontera Exploration & Production (E&P) as a focused, pure-play upstream operator. The restructuring, announced Nov. 13, is designed to unlock value from Frontera’s portfolio and sharpen the company’s competitive position in the oil and gas sector. The transaction is expected to close in the first half of 2026, pending shareholder approval. CEO Orlando Cabrales Segovia said the split reflects sustained interest from investors who see distinct opportunities in Frontera’s upstream and midstream businesses. “While the upstream oil and gas and infrastructure businesses…

If you have Medicare Part B and/or Medicare Part D prescription drug coverage, you could owe a monthly surcharge based on an income-related monthly adjustment amount (IRMAA). This surcharge is paid by Medicare beneficiaries for Parts B and D Medicare, in addition to the standard premiums, if their taxable income exceeds certain thresholds. For 2026, the IRMAA income brackets and surcharges increased by approximately 3% and 9% respectively.The Medicare surcharge in 2026 will apply to beneficiaries with income exceeding $109,000 (for single filers and married filing separately) or $218,000 (for joint filers). For these beneficiaries, total monthly Part B premiums…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.AJ Bell, one of the UK’s largest retail investment sites, has ruled out selling private assets via new semi-liquid funds, claiming that demand has been insufficient. Long-term asset funds (LTAFs) are designed to broaden the exposure of private assets to UK retail investors. But while DIY investment group Hargreaves Lansdown has partnered with Schroders Capital to offer LTAFs to its clients since September, retail investors will not be able to buy them through AJ Bell.“[Our customers] already have access to a wide…

Job seekers wait to enter the SacJobs Career job fair in Sacramento, California, US, on Thursday, Nov. 13, 2025. David Paul Morris | Bloomberg | Getty ImagesThe first economic data report that went unreleased due to the government shutdown will be released next week, the Bureau of Labor Statistics said Friday.As the U.S. government reopens for business, Wall Street’s attention now turns toward when critical data on employment, inflation and other economic signposts will be released.The first such report, on September nonfarm payrolls, will come out Thursday at 8:30 a.m., according to a BLS update posted on its website.A day…

When is Black Friday? This year, Black Friday falls on Friday, Nov. 28. Cyber Monday follow shortly after on Monday, Dec. 1. When will Best Buy have Black Friday sales?Best Buy was one of the first retailers to roll out its set of dates for holiday sales. On Oct. 20, the brand released its full schedule of events through the end of December. The brand’s Door(BOO)ster deals technically kicked off over a full month of savings, which started on Halloween. Here’s the details: Early Black Friday Deals: Oct. 31-Nov. 19Black Friday Sale: Nov. 20-29Cyber Sunday and Monday: Nov. 30-Dec. 1Last-Minute Savings: Dec. 15-24Are deals really…

Key Takeaways Retail and logistic companies may not hire as many people this holiday season as executives try to parse mixed economic messages.This means job seekers will be competing for fewer jobs, with lesser benefits than in years past, experts said. Looking for a short-term job to help with holiday expenses? Be prepared for some stiff competition. Landing holiday work is likely to be harder and come with less perks this season, retail and labor experts said, as companies will likely be more conservative about bringing on help as consumer sentiment plunges and executives brace for a potential consumer slowdown.…