Author: Money Mechanics

(World Oil)– Chevron Corporation reported record oil and gas production in the third quarter of 2025, driven by the integration of Hess Corporation assets and strong performance from core upstream regions including the Permian basin, Gulf of America, Kazakhstan, and Guyana. The company’s global production rose 21% year-over-year to 4.1 million boe per day, its highest on record. The acquisition of Hess contributed 495,000 boed, while legacy Chevron operations added 227,000 boed, reflecting gains from new project ramp-ups and steady operational reliability. Chevron achieved first oil at the Yellowtail development, the fourth producing project in Guyana’s offshore Stabroek Block, and…

Snowflake Inc. (NYSE:SNOW) has filed an 8-K document with the Securities and Exchange Commission (SEC) following an interview of its Chief Revenue Officer (CRO) by a social media influencer. The data storage company was compelled to file the document after CRO Mike Gannon made statements about the company’s future financial results during an interview with an influencer, known as “theschoolofhardknockz”, on Instagram and TikTok. The video interview has since attracted over 555,000 views on TikTok and nearly 138,000 likes on Instagram. The 8-K filing clarified that Gannon is “not a designated spokesperson authorized to disclose financial information on behalf of the Company.” It further cautioned investors against…

Many would-be buyers are still spooked by rising sale prices and economic instability, but some are creeping off the sidelines. The median U.S. monthly housing payment was $2,530 during the four weeks ending October 26, down 1.4% year over year. That’s the biggest decline since November 2024. Monthly payments fell mainly because mortgage rates declined last week. The weekly average mortgage rate dropped to 6.19% this week, its lowest level in over a year, amid a cooler-than-expected inflation report and the Fed’s rate cut. Falling mortgage rates are enough to push monthly payments down despite rising sale prices; the median…

OpenAI CEO Sam Altman recently said that the company is doing “well more” than $13 billion in annual revenue — and he sounded a little testy when pressed on how it will pay for its massive spending commitments. His comments came up during a joint interview on the Bg2 podcast between Altman and Microsoft CEO Satya Nadella about the partnership between their two companies. Host Brad Gerstner (who’s also founder and CEO of Altimeter Capital) brought up reports that the company is currently bringing in around $13 billion in revenue — a sizable amount, but one that’s dwarfed by more…

Key Takeaways About 10% of Americans say luxury handbags could fund their retirement, according to TIAA’s new survey. Some designer bags, like Hermès Birkins, have significantly climbed in value—but that’s the exception, not the rule. Experts say handbags can have resale potential, but they’re not a reliable plan for retirement income. About 10% of Americans say their best shot at funding retirement might come from either winning the lottery or investing in luxury handbags, according to a new TIAA survey. It sounds like a punchline—until you realize the gut punch behind it. Dig into the data in this and other…

Key Takeaways Affordable lakefront homes can be found from Arkansas to New Hampshire that deliver waterfront access without coastal price tags.Tennessee and the Carolinas offer many affordable lakefront retirement areas and have low taxes.Many lake communities are within an hour of airports and major medical centers, offering a balance of tranquil living and convenient health care access. Lakefront retirement doesn’t require a million-dollar budget. Across America, waterfront communities are offering retirees stunning views, active lifestyles, and health care access—with homes starting under $350,000. From Arkansas’s gated lakeside villages to New Hampshire’s private beaches, these towns deliver the retirement dream without…

In the field of psychology, Abraham Maslow’s hierarchy of needs has long been used to explain what motivates human behavior — from basic survival to self-actualization.What if that same concept were applied to financial planning? For individuals navigating retirement or preparing for it, understanding which financial needs matter most — and in what order — can be a game changer.Here’s a practical take on how to construct your financial life, starting with the essentials and working up to long-term legacy goals. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed investor. CLICK FOR FREE ISSUE Sign…

For many affluent families, the end of the year brings more than holiday traditions and travel. It’s also one of the most critical windows for financial planning.When done right, year-end planning can reduce taxes, align finances with family goals and set the stage for greater confidence heading into the new year.Year-end planning shouldn’t be seen as a scramble for last-minute tax breaks. Instead, planning is most effective when it’s proactive, tax-aware and rooted in long-term values. 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…

Question: I want to help pay for my grandkids’ college. Should I make a large lump-sum 529 plan contribution or spread the funds out evenly over the years?Answer: A lot of people experience sticker shock when they sit down to look at college costs today. For the 2025-2026 academic year, U.S. News & World Report puts the average cost of tuition and fees at a four-year, public in-state school at $11,371.For a public out-of-state school, the average price tag is $25,415. And for private universities, it’s $44,961. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed…

Tech firms will likely command the spotlight during this week’s earnings calendar, though pharmaceuticals and gig economy providers are also likely to be in focus. Artificial intelligence demand will be top of mind for market watchers when chipmakers Advanced Micro Devices, Qualcomm, and Arm Holdings, as well as software provider Palantir, report earnings this week. Results from pharmaceutical firms come amid pressure from the Trump administration to lower prices.  Market watchers are likely to pore over private-sector jobs data for October in the absence of the originally scheduled U.S. employment report, which is likely to be delayed again as the…