Author: Money Mechanics

Key Takeaways Average credit card debt is highest among Generation X, according to the latest data from credit bureau Experian.Gen X is currently part of the so-called sandwich generation, as many are helping financially support both aging parents and children growing into adulthood.Credit card debt rose across every age group, and other recent surveys reveal that Americans are increasingly worried about their own levels of debt. Credit card debt is an increasing concern for millions of Americans, but which age group has the most credit card debt, and are you a part of it? According to data released last month…

Key Takeaways Shares of memory chip maker Micron Technology climbed to a fresh high to start the week, extending their recent rally.Morgan Stanley analysts upgraded the stock on expectations of AI-driven growth, while partner Advanced Micro Devices announced a massive deal with OpenAI Monday. Micron Technology’s (MU) stock has had a strong run in 2025 so far, and some Wall Street bulls say it’s set to move. higher, as AI-driven orders grow. The memory chip maker’s shares were up about 3% to around $193 in recent trading, extending their recent rally and putting them on track to top Friday’s closing…

Key Takeaways Bitcoin hit another record high Monday after surpassing the closely watched $125,000 level over the weekend for the first time ever.The cryptocurrency broke out from a two-month descending channel last week, potentially setting the stage for a continuation move to the upside.Bars pattern analysis forecasts a bullish move to around $160,000 that may play out over the next 12 weeks. Investors should watch major support levels on Bitcoin’s chart around $107,000, $92,000 and $74,000. Bitcoin (BTCUSD) hit another record Monday after climbing above the closely watched $125,000 level over the weekend for the first time ever. The largest…

If you noticed that you’re not earning as much on your savings accounts, you’re not alone. Lower savings and CD rates will likely continue.The Federal Reserve didn’t like the job numbers, prompting it to cut rates for the first time this year at its September meeting. They are expected to meet again later this month, with the markets anticipating another quarter-point rate cut.As you know, when the Fed cuts rates, the APYs on all savings accounts decrease. However, even with rate cuts, there are smart options to grow your money and stay ahead of inflation. From just $107.88 $24.99 for…

Any questions about the durability of the AI revolution can be set aside for today after Advanced Micro Devices (AMD) and ChatGPT operator OpenAI announced a deal to collaborate on the construction of AI data centers to be run on AMD chips.AMD stock soared as much as 37.6% Monday, and semiconductor stocks, as represented by the iShares Semiconductor ETF (SOXX), were up nearly 4%. Nvidia (NVDA) was down more than 1%, its dominant position in the ongoing AI infrastructure buildout somewhat undermined.AMD CEO Dr. Lisa Su said in a statement that the agreement will support “the world’s most ambitious AI…

Key Takeaways Fifth Third Bancorp will buy Comerica for $10.9 billion in an all-stock transaction. Comerica shareholders will receive an equivalent of $82.88 for every share they own, a 17.5% premium to Friday’s closing price.The purchase is part of Fifth Third’s strategy to expand into key markets and boost its commercial business. Comerica (CMA) shares jumped Monday morning after Fifth Third Bancorp (FITB) agreed to purchase the financial firm for $10.9 billion. Shares of Comerica were recently up some 14%. Fifth Third said the all-stock deal gives Comerica investors nearly 1.9 Fifth Third shares for every Comerica share they own,…

Key Takeaways Bitcoin (BTCUSD) is giving crypto stocks a lift after its price topped $125,000 over the weekend, reaching a new record. The world’s largest cryptocurrency had been on a weeklong rally, validating bitcoin bulls’ anticipation of fresh highs after September-end swoons. Bitcoin treasury Strategy (MSTR), crypto exchange Coinbase Global (COIN), and stablecoin issuer Circle (CRCL) were up at least 2% Monday morning. Bitcoin mining plays Marathon Digital parent company MARA Holdings (MARA)  and Riot Platforms Inc. (RIOT) are up around 4%. The price of bitcoin was recently at around $124,700. Crypto’s collective market capitalization was more than $4.5 trillion,…

KEY TAKEAWAYS OpenAI is committing to buying several generations of AI chips from AMD in a long-term deal that could see it take a stake in the Nvidia rival, the two companies announced Monday.AMD said the deal would yield “tens of billions in revenue,” though the companies didn’t disclose the cost of the transaction. OpenAI, the world’s most valuable startup, is making a big bet on Nvidia’s rival. The ChatGPT owner is committing to buying several generations of artificial intelligence chips from Advanced Micro Devices (AMD), as part of a deal that could see the ChatGPT owner take a stake…

The Abbe Group, a private manufacturer of corrugated cardboard packaging, has announced the acquisition of Oji Fibre Solutions’ operations in Australia. The transaction involves a share sale agreement with Abbe Group (Abbe Pty Ltd). The integration of the two businesses is expected to strengthen Abbe Group’s position in the Australian corrugated packaging market. Financial specifics of the deal were not disclosed. The deal covers packaging solutions provider Oji’s corrugated operations in the states of Queensland, New South Wales and Victoria. It also includes Oji Cardboard Carton Solutions (OCCS) and regional distribution and erecting facilities in Far North Queensland and the…

In-brief analysis October 6, 2025 Data source: CME Group, Bloomberg L.P.Note: 3Q25=third quarter of 2025 Crude oil prices were relatively stable in the third quarter of 2025 (3Q25), ending the quarter just 9 cents per barrel (b) less than they started, while refinery margins increased to their highest levels so far this year. In this quarterly update, we review petroleum markets price developments in 3Q25, covering crude oil prices and refinery margins. Crude oil prices The Brent crude oil price traded in a narrow range in 3Q25 as expected increased production…