Author: Money Mechanics

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Pilots have checklists for what to do when something changes in flight. Their ultimate bosses — chief executives of airlines — do not have that same comfort. Following the closure of the Strait of Hormuz, several major US and European carriers have raised ticket prices but made only small cuts to capacity, suggesting they see the Iran conflict and worries over the availability and affordability of jet fuel as a mere detour, with the destination unchanged. That would be an optimistic read. While…

The silence from Riyadh tells its own story. Days after the United Arab Emirates stunned its neighbours by announcing its immediate exit from Opec, neither the oil cartel nor its de facto leader Saudi Arabia has offered any public response. The vacuum reflects both the shock of the decision and the position that Saudi Arabia, the world’s top oil exporter, has found itself in. While the country’s rift with the UAE has been simmering for several years, the timing of the announcement, in the middle of a regional war, caught many off-guard. Several people familiar with the situation said Riyadh received little…

Good morning, it is a pleasure to join you today to discuss artificial intelligence (AI), and the critical role it plays in cybersecurity and risk management.1 This event is one of a series of roundtables convened by the Financial Stability Oversight Council (FSOC) to discuss AI, bringing together public and private participants to engage in discussion and share perspectives. Previous discussions about the use of AI tools have debated their risks and benefits.2 Today, we are facing the rapid evolution of AI tools much earlier than many expected, and the risks and benefits are now more tangible and clear. Anthropic’s…

Musely, a direct-to-consumer telemedicine platform, has secured over $360 million in non-dilutive capital from General Catalyst’s Customer Value Fund (CVF). The company specializes in compounded treatments for skin, hair, and menopause care. Musely co-founder and CEO, Jack Jia, told TechCrunch that when CVF investors reached out to him last year, he wasn’t looking to raise capital. That’s because Musely, which was founded in 2014 as a wellness community before pivoting to prescription skincare in 2019, has been cash flow positive for years, he said. Jia didn’t want to reduce his ownership in the company by selling off a chunk of…

Kansas City Chiefs quarterback Patrick Mahomes and his wife, Brittany, enjoy a very luxurious lifestyle at their custom-built Missouri megamansion—but when it comes to their kids, it seems the couple refuses to be precious about protecting their lavish abode. Brittany, 30, shared a very candid glimpse inside the couple’s lives at home with their three children, shedding a very entertaining light on the chaos that erupts when the kids are allowed to run loose around the upscale abode.In a video posted to her Instagram Stories, the entrepreneur and fitness trainer revealed the havoc that her kids had caused inside Patrick’s…

(Image credit: CFOTO / Contributor)Stocks were mostly positive to start the new month, with the latest round of corporate earnings lifting the S&P 500 and Nasdaq Composite to new record highs. The Dow Jones Industrial Average, on the other hand, wasn’t so resilient, finishing Friday in the red as several high-priced components sold off.At the close, the S&P 500 was up 0.3% at 7,230 and the Nasdaq had added 0.9% to 25,114 — fresh all-time closing highs. The Dow was down 0.3% at 49,499.Earnings from Apple (AAPL) generated the most buzz, with the blue chip stock jumping 3.3% after its…

(Image credit: Getty Images)Over the past 25 years, investors have lived through an extraordinary range of economic disruptions: Wars, global financial crises, recessions, a pandemic and surging inflation.I’ve walked with clients through all of these moments, listening intently to their fears and reassuring them each time: “Stay calm, stay invested. This has happened before and it will happen again.”This is the go-to script for most financial advisers, because it’s mostly always been true. Markets fluctuate, and economies cycle. Over time, patience tends to reward investors who stay the course. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter,…

Microsoft (MSFT) is a software giant, known for its Windows operating system and Office software suite. It is also a hyperscaler. The biggest driver for the stock is artificial intelligence. The company’s revenue comes from three different business segments. These include Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Microsoft’s cloud computing platform is called Azure, and the main AI product is Microsoft 365 Copilot. The stock is down approximately 16% year to date, at the time of writing, Thursday afternoon, April 30, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is up slightly above…

Salesforce, Adobe, and HubSpot have all suffered bruising year-to-date stock price declines. Despite the drawdown, each offers double-digit revenue growth, sector-leading margins, and outsized earnings growth projections. Below is a closer look at why these three companies represent a “buy on the dip” opportunity amid the current market backdrop. Software stocks have faced significant pressure in 2026, with many enterprise names declining sharply amid concerns over AI disruption, slower deal cycles, and broader market rotation. Yet leaders such as Salesforce (NYSE:), Adobe (NASDAQ:), and HubSpot (NYSE:) continue to post solid results while ramping up AI monetization. These companies now trade…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. May 01, 2026 Agencies issue host state loan-to-deposit ratios Federal Deposit Insurance Corporation Federal Reserve Board Office of the Comptroller of the Currency For release at 11:00 a.m. EDT Federal bank regulatory agencies today jointly issued updated host state loan-to-deposit ratios, as required by law. Each ratio compares the total loans in a state to total deposits in the state for all banks that are legally operating in that state. These ratios…