Author: Money Mechanics

Key Takeaways President Trump’s 50-year mortgage idea aims to make homebuying easier, but the loans would likely carry higher rates and cost more overall.On a median-priced home, a 50-year mortgage could cut payments by about $100, yet it would slow how quickly owners build equity.Experts warn that stretching loans that long could backfire, driving prices higher and doing little to fix the nation’s housing shortage. What Trump Said—And Why It’s Sparking Debate President Donald Trump recently suggested that homebuyers should have the option of 50-year mortgages to make purchasing homes more affordable, saying in a post on his social-media platform…

President Donald Trump signed a short-term spending bill Wednesday night that reopens the federal government through January 30. Investors, traders and speculators are assessing the implications of the longest government shutdown in U.S. history, which includes the resumption of regular collecting and reporting of economic data.Meanwhile, in addition to its leader providing another quarterly update on the AI revolution next week, a number of important retailers will offer a look at the health of the American consumer.The usual sectors reflected a risk-off mood – communication services, technology and consumer discretionary stocks were three of the biggest losers. Utility stocks were…

KEY TAKEAWAYS The price of gold has rebounded over the past week after slumping for a few weeks following a series of record highs.Several demand drivers for the precious metal persist, most notably strong investment demand from ETFs.Additional policy or financial market risk could push prices up another 10%, UBS says. The price of gold surged in anticipation of the federal government shutdown, but now that it’s over, the rally won’t necessarily end. Ongoing robust investment demand amid continued economic uncertainty could keep driving gold higher, analysts say. Gold has hit a series of record highs this year, with the…

Did you buy a house but are now experiencing home buyer’s remorse? Or maybe you’re undergoing a major life change that’s making you consider selling your house sooner than you’d anticipated. While there are no federal laws requiring you to stay in a house for a certain amount of time, in rare cases, there may be local regulations that govern how soon you can sell after buying. Mortgage lenders also don’t have official rules about when you can sell, but you may face prepayment penalties or financial losses from a fast sale. Few people plan to buy and then sell…

fstop123 | E+ | Getty ImagesForeclosure filings climbed again in October, after sitting at historic lows in recent years, according to new data released Thursday.While the numbers are still small, the persistent rise in foreclosures may be a sign of cracks in the housing market.There were 36,766 U.S. properties with some type of foreclosure filing in October — such as default notices, scheduled auctions or bank repossessions, according to Attom, a property data and analytics firm. That was 3% higher than September and a 19% jump from October 2024, and marked the eighth straight month of annual increases, Attom said.Foreclosure…

Jeff Bezos’ Blue Origin has landed the booster of its New Glenn mega-rocket on a drone ship in the Atlantic Ocean on just its second attempt — making it the second company to perform such a feat, following Elon Musk’s SpaceX. It’s an accomplishment that will help the new rocket system become an option to send larger payloads to space, the Moon, and beyond. Thursday’s launch wasn’t just about the landing attempt, though. The upper stage of New Glenn is carrying the company’s first commercial payload: twin spacecraft for NASA that will go travel to Mars to study the red…

Key Takeaways A media giant faced pressure on Thursday, Nov. 13, 2025, after missing quarterly sales forecasts, while a networking equipment and software player got a post-earnings boost.Disney stock tumbled as softness in the linear TV business weighed on its quarterly results.Cisco topped quarterly forecasts, boosted by strong AI infrastructure demand, and its shares powered higher. Shares of a major media player dropped as underperformance from its TV networks dragged on its quarterly performance. Meanwhile, demand driven by the buildout of artificial intelligence infrastructure helped lift shares of a large tech firm. Major U.S. equities indexes lost ground, a day…

(Oil Price) – Oil markets have been volatile over the past couple of weeks, driven by a series of geopolitical developments including new U.S. sanctions on Russian energy, coupled with a fragile cease-fire in Gaza. Oil prices remain well below recent highs, with both Brent and WTI crude trading ~$15/bbl below their 52-week peak. Weak oil prices have taken a toll on the bottom lines of oil and gas companies, with the energy sector reporting third-quarter earnings growth at -0.5%, with only the Communication Services sector reporting lower growth at -7.1%. Both sectors grew well below the market average growth clip of 13.1% for…

Key Takeaways Thousands of federal workers furloughed or working without pay during the government shutdown will receive back pay in a matter of days.An estimated 730,000 working without pay and 670,000 on furlough missed about $14.6 billion in collective pay.The law requires the back pay to go out as soon as possible. Finally, millions of missing paychecks are about to hit the bank accounts of federal workers as the government reopens from its 43-day shutdown.With the government now re-opened, federal workers are on track to get back pay they’re owed in a matter of days. Furloughed workers as well as…

Key Takeaways Michael Burry is an investor who profited from the subprime mortgage crisis by shorting the 2007 mortgage bond market, making $100 million for himself and $700 million for his investors.Burry shut down his hedge fund, Scion Capital, in 2008. In 2013 his private investment firm, Scion Asset Management, was incorporated.Burry deregistered his firm Scion Asset Management in November 2025, which means he’s no longer required to file reports with the state and regulators, according to CNBC.Burry holds an M.D. and is licensed to practice medicine in California but does not. Who Is Michael Burry? Michael James Burry is…