Author: Money Mechanics

British fintech Revolut — now launching in India — says cross-border payments remain one of India’s most underserved financial services. By its estimate, Indians spend about $30 billion overseas every year and lose around $600 million in bank charges — fees its India head calls “criminal.” “It has been the preserve of banks,” Paroma Chatterjee, Revolut India CEO, told TechCrunch. “You go to your bank to take currency, foreign exchange out from your bank, or you take a travel card that is issued by your bank when you’re traveling overseas … there have been humongous charges which have been levied…

(Oil Price) – Strong gas trading, higher upstream production and liquefaction volumes, and increased refining margins are expected to boost Shell’s third-quarter earnings, the supermajor said in a trading update on Tuesday. Shell said in its third quarter 2025 update note that trading and optimization in its Integrated Gas division is expected to be “significantly higher” for the third quarter compared to the second quarter. Marketing adjusted earnings, as well as trading in the chemicals and fuels divisions, are also set to be higher than in Q2, said the supermajor, which reports full Q3 earnings on October 30. Shell raised its…

Key Takeaways All-cash buyers made up almost 33% of all housing sales in the first half of 2025, continuing a pandemic-era trend that has frustrated other buyers, according to a Realtor.com report.High mortgage rates have made it difficult for many would-be buyers to break into the market, giving an advantage to buyers with significant housing equity or high wealth.More than half of homes priced above $2 million were paid for in cash, while two-thirds of homes sold under $100,000 were also all-cash purchases. There’s one way to beat the sky high mortgage rates: Pay in cash.  A new report shows…

Key Takeaways Dell said Tuesday that it’s boosting its long-term outlook, thanks in part to growth driven by demand for artificial intelligence.The company said it believes it is “well positioned with a leading portfolio from data center infrastructure to PCs.” Dell Technologies wants you to know it’s an artificial intelligence winner. The maker of a wide range products from AI servers to PCs said Tuesday it sees a “massive” opportunity ahead from AI, and raised its long-term outlook, pointing to growth driven by the emerging tech. Dell (DELL) projected its annual revenue could rise 7% to 9%, up from its…

KEY TAKEAWAYS New York Stock Exchange owner Intercontinental Exchange said it is investing up to $2 billion in Polymarket in a deal valuing the crypto-based prediction marketplace at around $8 billion.ICE said it will distribute Polymarket’s event-driven data and will partner with the prediction market on tokenization initiatives. New York Stock Exchange owner Intercontinental Exchange (ICE) said it is investing up to $2 billion in cash in Polymarket, in a deal valuing the crypto-based prediction marketplace at around $8 billion. Polymarket CEO Shayne Coplan called the partnership a move that “marks a major step in bringing prediction markets into the…

Key Takeaways Shares of Trilogy Metals soared on Tuesday after the White House said it would take a stake in the minerals exploration company and support its efforts to extract critical minerals in an Alaskan mining project.The Trump administration has made equity investments in several mining companies this year as part of its efforts to support domestic production of resources that are critical to national security.The government’s stakes in mining companies mirror similar deals with U.S. semiconductor companies, which the Trump and Biden administrations have both sought to support. Shares of Trilogy Metals (TMQ) skyrocketed on Tuesday after the Trump…

Key Takeaways Budget airlines and the cheapest basic fares tend to charge more in fees to make up for the deeply discounted tickets. By planning ahead for your travel, researching airlines, and purchasing more flexible tickets, you can avoid hefty airline fees. If you fly often, co-branded credit cards or airline loyalty programs can lead to meaningful discounts. Flight Change Fees: $50 to $300 Making a small adjustment to a flight you’ve already booked might not seem like a big deal, but even a minor change could set you back hundreds of dollars. This fee won’t cost as much if…

Activist investors have a reputation for shaking things up, pushing companies to rethink strategy, streamline operations, and unlock shareholder value, often giving stocks a noticeable boost. One such buy-rated stock recently catching their attention is Acadia Healthcare (ACHC), which has seen shares struggle amid federal investigations, reimbursement uncertainty, and operational hiccups. Things got interesting on Sept. 24, when Engine Capital snapped up about 3% of Acadia, sending AHCC stock soaring almost 12% on the same day. In a letter to Acadia’s board, the activist fund called for a board refresh, a review of company assets, and a pause on costly new…

By mid-August 2024, , the century-old entertainment giant, looked like one of the worst stocks to invest in after sinking more than 30% in just three and a half months.Markets were increasingly concerned about declining margins, as Disney’s massive investments in streaming produced poor results compared to its competitors. Internal tensions within the board also worried investors, adding further downward pressure.However, as most investors lost confidence and the media rushed to condemn Disney, despite far from disastrous results, savvy investors focused on the numbers, which suggested a potential opportunity.On August 13, 2024, when Disney stock was trading at $85.60, InvestingPro’s…

The shift comes as competition intensifies in the credit scoring market, driven by the Federal Housing Finance Agency (FHFA)’s decision to allow Fannie Mae and Freddie Mac to purchase loans underwritten with VantageScore 4.0 as an alternative to the Classic FICO score. VantageScore is jointly owned by the three national credit bureaus — Equifax, TransUnion and Experian.Last week, FICO unveiled a new performance-based pricing model for its scores distributed through tri-merge resellers. Under the new structure, a $4.95 royalty fee per score and a $33 funded loan fee (per borrower, per score) will apply when the loan closes. Lenders that…