Author: Money Mechanics

Key Takeaways CoreWeave shares surged Tuesday after the cloud computing company backed by Nvidia struck a new agreement with Meta Platforms valued at up to $14.2 billion.The announcement marks the latest in a string of multibillion-dollar deals for CoreWeave to provide infrastructure to support booming AI demand. CoreWeave (CRWV) shares soared Tuesday after the provider of artificial intelligence data centers backed by AI chip darling (NVDA) said it struck a deal with Meta Platforms (META) valued at up to $14.2 billion. Shares of CoreWeave were up nearly 14% around $140 in recent trading. They have more than tripled in value…

Key Takeways The U.S. economy had 7.2 million job openings in August, the same as in July, suggesting the economy remains in low-hiring, low-firing mode.While employers have avoided mass layoffs, it’s become difficult to break into the job market for those on the outside.Tuesday’s report could be the last official data on the job market for some time, since the federal government appears headed for a shutdown starting at midnight. The number of job openings held steady in August as the job turnover stayed low. It could be the last data the Bureau of Labor Statistics will put out for…

The financial professionals who contribute to Kiplinger’s Adviser Intel are always here to make sure you have the information you need to make critical decisions about your retirement planning, estate planning and tax planning.In the past week, they’ve written about the misconceptions many people have about annuities, how Baby Boomers are facing a very different retirement reality than their parents did and the OBBB’s impact on federal student loan programs. One also wrote about how families can prepare heirs for their financial legacy to avoid the “third-generation curse.”This quiz is designed to test what you’ve learned from them. Let’s see…

If you were hospitalized tonight, who could move cash, run payroll, ship orders, post an update from your company’s verified account, or even reset a two-factor code? For many closely held firms, the answer is, “no one, at least not quickly.” In 2025, business continuity lives behind usernames, access permissions, and accounts. Yet, many owners still plan only for physical assets and corporate equity while ignoring the digital assets that increasingly drive enterprise value.New findings from Bryn Mawr Trust’s 2024 survey show Americans already assign substantial value to their digital lives with $191,516 on average, but remain underprepared to protect…

Key Takeaways EchoStar is reportedly in talks with Verizon Communications about selling more of its spectrum licenses.EchoStar previously sold spectrum licenses to AT&T and Elon Musk’s Space X as part of its effort to satisfy issues raised in a federal regulatory investigation. EchoStar (SATS) shares rose Tuesday morning following a report the satellite TV and mobile phone provider is in talks to sell more of its wireless spectrum, this time to Verizon Communications (VZ). Bloomberg reported that the discussions center on EchoStar’s AWS-3 licenses, used for 5G cellphone service. The company has put a value on those licenses at $9.83…

The so-called silver tsunami is upon us, with millions of business owners set to retire, leading many to sell the businesses they spent their lives building.The aggregate amount of wealth to be transferred is staggering, and the financial services industry has been positioning for this event for decades.With as much as 90% of their net worth tied up in their appreciated business, successful entrepreneurs are archetypes for estate planning needs. 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…

Just when you thought you knew your federal income taxes, here comes a curveball: Key tax breaks are disappearing in 2026.During his first presidency, Donald Trump signed the Tax Cuts and Jobs Act (TCJA) into law. The largest tax bill in recent decades temporarily halted several tax breaks, including deductions for investment costs, tax preparation fees, and home office expenses for employees.Now, in his second term, President Trump and the GOP have extended many of the TCJA tax cuts and enacted several new temporary tax benefits in a law Trump often refers to as the “big, beautiful bill (OBBB).” This…

Marriage significantly changes a couple’s legal and financial rights and obligations, something to consider at this time of year — October ranked as the most popular wedding month in 2024.While financial and estate planning changes might not be on the happy couple’s priority list, thoughtful discussions on marital planning with a financial adviser can help clients reduce pre-wedding nerves and create a framework for future financial success.Consider an antenuptial or postnuptial agreementAntenuptial agreements (executed prior to marriage) and postnuptial agreements (executed during marriage) allow individuals to establish their rights and obligations to each other at death and at divorce. From…

Key Takeaways Major U.S. equities indexes climbed in recent trading as tech stocks gained. Electronic Arts agreed to go private in a $55 billion deal with a consortium of investors, sending shares higher.Shares of oil companies lost ground as OPEC+ announced plans to increase oil output. Major U.S. equities climbed in recent trading, with tech stocks helping lift the Dow, S&P 500, and Nasdaq.Electronic Arts (EA) shares took off as it agreed to be taken private for $55 billion by a consortium of investors, including the Saudi Public Investment Fund, Jared Kushner’s Affinity Partners, and Silver Lake. Shares of hard drive…

Bank of America (BAC) stock has been one of the better bets among large-cap financials over the past few years – but as a long-term holding, it leaves everything to be desired.True, shares in the nation’s second biggest bank by assets generated an annualized total return (price change plus dividends) of more than 20% over the past five years. That beats the broader market by about 4 percentage points.And it’s not for nothing that BAC remains one of Warren Buffett’s favorite stocks. Berkshire Hathaway initiated a position in BAC in the third quarter of 2017. And while Buffett has exited…