Author: Money Mechanics

If you bought or leased a Toyota, Lexus or Subaru in the past few years, it may be worth checking whether your vehicle is part of a new safety recall. Many models with advanced camera systems are affected.Toyota and Lexus have recalled more than one million vehicles due to a software issue in the Panoramic View Monitor. Subaru models using the same system are included. The problem can cause the rear camera image to freeze or go blank when reversing.This matters because rear visibility is a required safety feature. Even a brief loss of the back up camera image can…

Key Takeaways Elon Musk said Tesla would need a “gigantic” semiconductor fabrication plant to support its AI ambitions and that he’s considering working with Intel to make new chips.Such a deal would likely boost Intel’s stock and sentiment around its trajectory. It could also buy some political goodwill for Tesla. After a string of recent high-profile deals for Intel, could one with Tesla be next? The question became inevitable after Tesla (TSLA) CEO Elon Musk told investors at the electric vehicle maker’s shareholder meeting yesterday that the company, which has increasingly shifted its focus on AI and robotics, would need…

Recently I was stopped in my tracks by a newspaper column headlined “I Was Terrible at Money. My Daughter Should Learn From My Mistakes.”The young woman columnist went on to say her own mother had taught her that it was “vulgar to talk or even really think about money.” As a result, she laments, “I am somehow terrified of anything to do with finances.” And she “sometimes worries about passing along these extraordinarily unhelpful attitudes to my own children.”As someone who has been writing about women and money for more than two decades, I find that both disheartening and frustrating.…

Tesla Shareholders Back Elon Musk’s Big New Pay Package 36 minutes ago The fate of Tesla—or, at least, the answer to the question of whether its chief Elon Musk stays or walks—may have been settled at today’s shareholder vote. A preliminary tally on this year’s 14 proposals, which include giving Musk greater control over Tesla (TSLA) as well as a trillion-dollar pay package, was rolling in late Thursday at a shareholder meeting that started after the close of trading. In that vote, the company said, more than 75% of voters moved to approve the proposal. The crowd assembled for the meeting cheered…

Thank you, President Nagel and the Bundesbank, for the opportunity to meet with you today.1 I am excited to be here. I cherish opportunities to talk with groups of young people such as this. I spent most of my career as a professor and university administrator. I am glad to return to those roots a bit today. I will make sure I leave plenty of time for questions. But I would like to start by speaking with you about a topic that’s been on my mind, and I bet it has been on many of yours: artificial intelligence (AI). Often,…

An estate agents’ “Sold” sign is pictured outside a house in a row of terraced houses in Guildford, southern England on August 6, 2024. Justin Tallis | AFP | Getty ImagesShare of British real estate listing company Rightmove plummeted as much as 28% on Friday after it warned of lower profit growth on the back of accelerated investments in artificial intelligence.Rightmove projected a operating profit growth of 3% to 5% in 2026, coming in lower than its forecast of 9% growth this year. The firm put the shrinking down to its AI investments as it upgrades internal systems and its consumer-facing…

Key Takeaways Most retirees’ biggest regrets are not saving enough and not starting to save early; both can impact your finances and overall happiness later in life. Starting to save even small amounts early on pays off massively over time, thanks to compounding interest. With people living longer and traditional pensions fading from use, saving more than feels comfortable today can make the difference between just getting by and truly enjoying retirement. Retirement has changed due to longer life spans, shrinking pensions, and rising healthcare costs. What was once a quiet chapter in one’s life now demands a more complex…

Medicare provides health insurance to 69 million Americans. During Medicare open enrollment, which runs from October 15 to December 7 this year, people can enroll in the program or change plans. You can also switch from original Medicare to a Medicare Advantage plan (or vice versa), and weigh your Part D prescription drug plan coverage against other options.If you choose original Medicare (Part A and Part B), you can also buy a Medicare Supplement Insurance (Medigap) policy from a private insurance company to cover services and out-of-pocket costs not covered by original Medicare.It’s important to note that you can only…

As a financial adviser, I’ve seen countless women experience significant life transitions. Planning for contingencies makes such experiences easier to navigate.Take Mary, for example. After 30 years of marriage, she went through a contentious divorce in which her husband, who had managed the household finances, assured her she would “be taken care of.”But Mary had little insight into their wealth and just wanted financial security. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed investor. CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice on investing,…

Planning a trip abroad is exciting — but it also comes with financial considerations.With travel costs on the rise, especially for in-demand destinations, building a financial plan in advance can help you stay on budget and reduce stress.Here are four key strategies to consider when planning an international trip. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed investor. CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more – straight to your e-mail. Profit and prosper with the…