Author: Money Mechanics

When Kimberly Gravitt — a widow from Gwinnett County — fell behind on her mortgage, she reached out to a company she believed would serve as a lifeline: Homesaver 911. However, signing up for this company’s services wound up setting off a chain of events that has left her with nothing. Gravitt is now facing eviction — from a house she believes she still owns — and the stress has been so severe that she was recently hospitalized in a mental health facility, according to WSB-TV [1]. Shop Top Mortgage Rates Powered by Money.com – Yahoo may earn commission from…

Former Donald Trump attorney Michael Cohen has accused ex-FBI Director James Comey of criminal conduct. This surprising allegation was made during an interview on MSNBC’s The Weekend Primetime.Cohen said that Comey, who has recently been indicted, was involved in criminal activity. Cohen challenged the prevailing opinion among experts that Comey was not implicated in any wrongdoing.Cohen, who has previously admitted to campaign finance violations and fraud, stated during the show that an investigation he conducted with reporter Brian Karem uncovered Comey’s unfavorable involvement in the Russia investigation. Drawing from his own experiences with the legal system, Cohen argued that the Department of…

U.S. stocks ended higher on Friday following the release of the latest PCE inflation data, but the three major indexes still posted losses for the week. Source: Investing.com The S&P 500 and tech-heavy Nasdaq Composite snapped three-week streaks of weekly gains, falling 0.3% and 0.7% respectively. The 30-stock ended 0.2% lower for the period, while the small-cap shed 0.6%. More volatility could be in store in the week ahead as investors assess the outlook for the economy, inflation, interest rates and corporate earnings amid ongoing trade tensions. Most important on the economic calendar will be Friday’s U.S. employment report for…

2025 is shaping up to be a pivotal year for the insurance-linked securities (ILS) sector, with growing investor appetite for securitized casualty risk, according to executives from reinsurance broker Gallagher Re, with Andrew Newman saying it is a “game changer” for the ILS market.Speaking at a recent Gallagher Re briefing, Andrew Newman, President of Gallagher Re, explained that casualty securitization is emerging as a “game changer” for the market, with capital providers showing increasing willingness to back longer-duration exposures. Traditionally, catastrophe bonds have dominated the ILS space thanks to their liquidity and short-tail nature, while casualty risk exposures often stretch…

In a recent interview with The New York Times, Oura Health CEO Tom Hale didn’t discuss reports that the company is raising new funding that would value the health-tracking ring maker at nearly $11 billion, but he did talk about whether he has ambitions to take Oura public. “We’ve certainly hit the thresholds of size, trajectory, scale and growth,” Hale said. “We could go public. Is that in our plans? It’s certainly an option. And when the moment is right, we’ll let everyone know.” Oura recently announced that it expects to generate $1 billion in revenue this year, doubling its…

(World Oil) – WellSense, a FrontRow Energy Technology Group company specializing in rapid fiber-optic well diagnostics, has sold a global license for its FiberLine Intervention (FLI) technology to Halliburton in a landmark transaction. The deal marks the first technology divestment by WellSense and its parent group. Under the agreement, Halliburton will deploy FLI for well stimulation monitoring worldwide. WellSense will continue to apply the technology in other oil and gas applications, including plug and abandonment, well integrity and leak detection, and carbon capture, utilization and storage (CCUS). “Completion of this deal is a defining moment for WellSense and for FrontRow,” said…

IntroductionShould you modify or terminate an irrevocable trust to get assets back into your estate for basis step up purposes?gettyMany taxpayers created irrevocable trusts and transferred significant assets to them to hopefully save estate tax. Others were named as beneficiaries of trusts that others may have created. Following recent tax law changes does the existing trust plan really work? Assets in most irrevocable trusts won’t receive a basis step up on your death, leaving the specter of substantial capital gains costs. “Basis step-up” is when on death the tax basis, which is used to calculate gain or loss on sale…

President Donald Trump has expressed his indignation over a report suggesting the involvement of 274 undercover FBI agents during the Capitol riot on January 6, 2021.Trump is seeking answers from the FBI’s former director, Christopher Wray, following a Blaze report on it. The Blaze report contradicts a Justice Department Inspector General report, claiming that the FBI had privately admitted to the presence of these undercover agents.On Saturday Trump shared his grievances on Truth Social post, stating, “It was just revealed that the FBI had secretly placed, against all Rules, Regulations, Protocols, and Standards, 274 FBI Agents into the Crowd just prior to, and during, the January 6th Hoax.” He further…

Gold stocks have soared in recent months, accruing massive gains. While fully justified fundamentally, such fast rallying has left their leading sector benchmark super-overbought. That argues a sizable selloff is imminent to rebalance extreme technicals and sentiment. Traders with existing -stock positions can prepare by tightening trailing stop losses. This healthy selloff will spawn a good mid-bull buying opportunity. The gold-stock ETF was having a good year into mid-July, just before gold miners started reporting Q2 results. Those proved phenomenal, shattering all records! So traders led by fund managers started deploying significant capital in this sector, fueling powerful upside momentum.…

Traders work on the floor at the New York Stock Exchange in New York City, U.S., Sept. 17, 2025. Brendan McDermid | ReutersStock market growth that seems impervious to tariffs, politics and a moribund jobs picture is in turn powering consumer spending and putting a floor under an economy that many expected to be teetering on the brink of recession by now.Economic data this week painted a surprisingly bright picture of recent trends.Consumer spending in August was stronger than expected and so was income. Companies and households continue to order big-ticket items while inflation has been relatively soft. Even housing…