Author: Money Mechanics

Amazon’s Prime Big Deal Days sale is in full swing. From now until midnight on October 8, Amazon Prime members can see discounts up to 70% off on some of the most popular gift items of the 2025 holiday season. If you were holding off until Black Friday to take care of your gift shopping, there’s no need.With the major deals available at Amazon right now, you can cross a few names off your list this week and leave less stress for yourself as the holidays get closer.One of the best parts of a huge sales event like this one…

The Nasdaq topped 23,000 for the first time ever Tuesday, and the S&P 500 also reached a new intraday peak shortly after the opening bell. But stocks gave back early gains on a report from inside Oracle that seems to show the AI revolution could prove to be a long and difficult process in terms of profits.According to The Information (in a paywall-protected article), internal documents show Oracle (ORCL, -2.4%) lost $100 million during its fiscal 2026 first quarter on rentals of Nvidia (NVDA, -0.3%) Blackwell chips. Oracle stock had its best day in 32 years when it reported first-quarter…

Accessible Keys for Video [Space Bar] toggles play/pause; [Right/Left Arrows] seeks the video forwards and back (5 sec ); [Up/Down Arrows] increase/decrease volume; [M] toggles mute on/off; [F] toggles fullscreen on/off (Except IE 11); The [Tab] key may be used in combination with the [Enter/Return] key to navigate and activate control buttons, such as caption on/off. Welcome to the 2025 community banking research conference.1 While I regret that I cannot join you in person this year, I would like to take a moment to acknowledge the contributions this conference has made and continues to make in promoting research on community…

U.S. ENERGY INFORMATION ADMINISTRATION WASHINGTON DC 20585 FOR IMMEDIATE RELEASE October 7, 2025 The U.S. Energy Information Administration (EIA) forecasts in its October Short-Term Energy Outlook (STEO) that U.S. crude oil production will average 13.5 million barrels per day in both 2025 and 2026, both slightly higher than the agency’s September forecast. EIA data show U.S. crude oil production reached a record high of more than 13.6 million barrels per day in July, which was higher than EIA’s previous production estimate. U.S. energy market indicators 2024 2025 2026 …

OpenAIFollow ZDNET: Add us as a preferred source on Google.ZDNET’s key takeawaysChatGPT now lets you chat with certain third-party apps.You can interact with an app directly in your conversation.The feature supports Booking.com, Coursera, Expedia, and a few others.Submit a question or request to ChatGPT, and the AI will typically search its own database or turn to the web to find the answer. But what if you’d like to use a specific service to dig up more relevant information that you can act upon? Now, you can do just that, courtesy of OpenAI’s latest third-party app integration.(Disclosure: Ziff Davis, ZDNET’s parent company, filed…

(Oil Price)– OPEC+ yesterday agreed to yet another monthly boost in production, this time for a modest 137,000 barrels daily. Oil prices inched up, yet they remain tightly range-bound, with Brent at just over $65 per barrel following the news. On the one hand, this is good news for consumer countries—including the U.S. On the other hand, it’s bad news for producer countries—including, again, the U.S. The Wall Street Journal called Saudi Arabia’s strategy of leading the production cut unwinding a gift to President Trump. It would keep prices at the pump low, the publication said, and cushion the blow from tariffs. It…

Key Takeawayas The White House is reportedly considering withholding back pay to 750,000 federal workers who are furloughed during the government shutdown.Back pay is required under a 2019 law, but a memo argues the law does not apply.The move by President Donald Trump is the latest escalation in the shutdown fight. President Donald Trump is raising the stakes of the ongoing government shutdown by threatening to withhold back pay from 750,000 federal workers currently on furlough.That’s according to a legal analysis drafted by White House, first reported by Axios and confirmed by several other publications. The memo says the law…

Mandy Xu ▬ October 6, 2025 Link to Report: Macro Volatility DigestWHAT STANDS OUT:Implied volatilities were mixed across asset classes last week as the US government shut down for the first time since 2018. Interest rate volatility declined meaningfully, with the VIXTLT Index falling to a 1-year low while the MOVE Index collapsed to a 3-year low. In contrast, equity volatility gained last week, with the VIX® index increasing 1.4 pts to 16.7%. This is despite realized volatility grinding to a 1-year low of 5.9%. SPX 1M implied-realized spread widened to the 99th percentile high as a result.SPX options ended…

Key Takeaways Enthusiasm for the “debasement trade” appears to be accelerating as retail investors increasingly question the status quo.Gold prices reached an all-time high of over $4,000 on Tuesday as it and other assets are viewed as safe havens. Fear of impending catastrophe is putting the shine on gold and things like it. Investors have been piling into what is sometimes called the “debasement trade,” plowing into assets viewed as hedges against what they worry about most—including persistently high government debt and central bank independence—and panning what was once considered the safest place to park: the U.S. dollar. That’s helped…

The housing market is at something of a standoff, with high prices and sticky mortgage rates keeping many buyers and sellers alike on the sidelines. But there’s one type of home where potential buyers have a glut of listings to choose from: condominiums. In August, Redfin reported 72% more condo sellers than buyers. That dwarfs the 30% gap for single-family homes. This marked the fifth straight month condo sellers outnumbered buyers by at least 70%, peaking at 81% in April. Why This Matters If you’ve been priced out of the housing market, condos may offer a rare opening. With far…