Author: Money Mechanics

(Investing) – NEW YORK -Activist investment firm Kimmeridge Energy Management has taken a stake in U.S. shale producer Devon Energy, according to a stock market filing released on Friday. THE DETAILS Kimmeridge owned 5.66 million shares in Devon as of the end of September, the filing said. That would equate to an approximately 0.9% stake in Devon, according to Reuters calculations, and make it Devon’s 14th-largest shareholder, according to data provider LSEG. Devon shares fell 1% in the opening 30 minutes of trading on Friday, amid a broader market sell-off, giving the company a market value of around $22 billion. The 13F filing…

Key Takeaways A 401(k) might be your best bet for saving more for retirement. A recent study shows that people with 401(k)s were able to save 29% more for retirement than their peers who did not have the same type of account.401(k) plans are often sponsored by employers, but even if you’re self-employed, you can open one for yourself.These plans offer tax-deferred investing, a smart approach to regular contributions, compounding interest, and other tax advantages.Your employer might provide a matching contribution up to a certain percent of your salary. Choices for saving for retirement are plentiful, but a 2025 survey…

Key Takeaways Micron Technology shares surged Friday, after Morgan Stanley called the memory chip maker a “top pick.”The analysts said a shortage of memory chips to meet growing demand, along with rising prices, could mean more gains for Micron. Micron Technology (MU) shares took off Friday following bullish comments from Morgan Stanley, which called the memory chip maker a “top pick.” Shares were up over 5% near $250 in recent trading. The stock has roughly tripled in value so far this year, with Morgan Stanley suggesting it still has room to rise. Morgan Stanley lifted its price target for the…

Key Takeaways Crypto followers turned to bitcoin evangelist and Strategy founder Michael Saylor for a sign as the coin’s price has fallen. He’s urged them to keep the faith. While the price of bitcoin and some crypto-linked stocks are in retreat, others are gaining in spite of the rout. The bitcoin faithful are turning to one of their most vocal evangelists for a sign amid an intensifying market rout. His message? HODL. We’re talking about Michael Saylor, chief of Strategy (MSTR), the enterprise software company known for stockpiling bitcoin. The price of the world’s most valuable cryptocurrency has been falling…

Courtesy of Roseate GroupTeam Name: Roseate GroupFirm: Wells Fargo AdvisorsSenior Members: Robert Vingi, Jr., David McCallum, Howard D. Edwards, Wendy Brewer, Aaron L. BarberLocation: Charleston, SCTeam Custodied Assets: $3 billionBackground: Founded in 2003 by Robert Vingi Jr. and Howard D. Edwards, the Roseate Group of Wells Fargo Advisors has grown into a ten-member wealth-management practice in Charleston, South Carolina. David McCallum joined the team that same year after starting his career with Donaldson Lufkin & Jenrette (DLJ), where he helped open a private-client office in Chicago. Soon after, Aaron L. Barber, joined as an analyst and portfolio manager and later…

Major U.S. equities indexes were mixed Friday afternoon, following a sharp decline Thursday fueled by a selloff of tech stocks. The Dow Jones Industrial Average was down 0.3%, while the S&P 500 was up 0.5%, and the Nasdaq climbed 0.8%. StubHub (STUB) stock dropped nearly 25%, in its worst day since going public in September, a day after the ticket reseller declined to offer guidance for the current quarter. Shares of drugmaker Bristol-Myers Squibb (BMY) lost 3.4%, making it the biggest decliner on the S&P 500. The company is halting a trial of a heart drug it is developing with…

Key Takeaways Walmart CEO Doug McMillon is slated to retire at the end of January but spend the next year advising his replacement: John Furner, the CEO of Walmart’s U.S. operations.McMillon led Walmart through 11 years of rapid change, including a period of wage growth and the growth of e-commerce and delivery. Walmart CEO Doug McMillon is retiring after more than a decade of guiding the company’s evolution—and watching its stock quadruple. Walmart (WMT) on Friday said McMillon will retire at the end of January, but spend another year advising his successor: John Furner, a company veteran. McMillon presided over…

Key Takeaways A new paper suggests that rising housing costs since 1990 have been a significant cause of the decline in U.S. births. Benjamin Couillard, a researcher at the University of Toronto, argues that increasing the supply of large, family-sized homes could help reverse the trend. Economists continue to debate the root causes of falling birth rates, though access to affordable housing may play a major role. Planning to have fewer children than your parents and grandparents? You’re not alone. In the U.S., the fertility rate has been on the decline over the past few decades, and one researcher argues…

If you’re planning your post-retirement move and looking for the cheapest places to retire, the grocery prices in these cities might make you reconsider.Grocery prices are surging everywhere, but some cities have been hit harder than others. To figure out which places are feeling the pinch the most, I analyzed the latest grocery pricing data from the Council for Community and Economic Research to identify the 10 cities where residents are paying even more than the national average at the grocery store.I also gathered data on median incomes for each city to estimate how much of a household’s income was…

A German court has found that Google has abused its dominant market position in the price comparison sector and ruled that the company must pay a total of €572 million ($665.6 million) in damages to two German price comparison companies, according to a report by Reuters. Google must pay the price comparison platform Idealo about €465 million (about $540 million) in damages, and €107 million (about $124 million) to Producto, another price comparison tool, the report said. Idealo had claimed damages of €3.3 billion from Google, arguing that its lawsuit was a direct response to the European Court of Justice’s…