Author: Money Mechanics

Is your income safe from taxation this year? As we approach the midway point of 2026, you might be thinking about next year’s income tax bill already.The 2025 Trump tax bill has made headlines by making certain tip income and overtime pay “tax-free” via new deductions.At the same time, other income — like credit card referral bonuses, small gambling winnings, or even certain life insurance payouts — could still trigger a bill. Even a simple gift might have hidden strings attached. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88 $24.99,…

(Image credit: ANGELA WEISS/AFP via Getty Images)SpaceX and OpenAI are gearing up to go public in what would be the biggest initial public offerings (IPOs) of all time, and Nasdaq (NDAQ) can hardly wait.The exchange operator rolled out new “fast entry” rules that will allow it to speed up the process of adding such massive companies to its flagship Nasdaq-100 index. Ordinarily, it can take up to a year for a mega-cap stock to be included in the Nasdaq-100.Under the new rules (PDF), which go into effect on May 1, newly public mega caps would be eligible for inclusion after…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Indonesia’s President Prabowo Subianto has slashed the commission ride-hailing companies can take from drivers as the economy struggles with low wages and rising prices.Speaking to tens of thousands of people at an annual Labour Day demonstration in Jakarta, Prabowo said he had signed a presidential regulation cutting the percentage that platforms, such as Grab and GoTo, can take from each order to a maximum of 8 per cent, from up to 20 per cent.“Revenue sharing, from 80 per cent for drivers, is…

, as uncertainty surrounding the Iran conflict and its broader impact on global interest rates keeps the market under pressure. Investor sentiment remains cautious, with the metal struggling to regain its safe-haven appeal.The ongoing geopolitical tensions between the United States and Iran have intensified concerns over energy supply disruptions, particularly around the Strait of Hormuz. This situation has driven higher, which in turn is fueling inflation expectations globally., as markets anticipate a more aggressive stance from major central banks.This week, several central banks signaled a hawkish outlook. The Federal Reserve has highlighted risks of energy-driven inflation, while other major institutions…

Luxury home sales are surging in San Francisco, the epicenter of the AI boom, pushing the median sale price to the highest March level on record.  Tight supply is another factor pushing up San Francisco’s luxury prices; active listings are down roughly 15% year over year.  San Francisco’s luxury housing market is greatly outperforming the U.S. as a whole; nationwide, luxury sales are down 2% and price growth is losing steam.  San Francisco’s luxury housing market is booming. The number of luxury homes sold in San Francisco jumped 22.2% year over year in March, the fifth straight month of double-digit…

Adam Doud/ZDNETFollow ZDNET: Add us as a preferred source on Google. ZDNET’s key takeaways If you don’t want to carry a laptop around, there are other options.They range in size from an AR headset to your phone.Here are some ways you can do that, and what works best for each situation.I’m a mobile writer, and by that I mean I write about mobile tech and I write while I’m mobile. Because of that, I often end up without a laptop or in a place where I can’t use one, like the back seat of a car or on a plane.…

King Charles and Queen Camilla completed their historic U.S. tour on Thursday in true style, complete with a send-off from President Donald Trump, a celebratory parade—and, for her majesty, an appearance on the “Today” show.Camilla, 78, took time during her action-packed trip to New York City this week to chat with “Today” host Jenna Bush Hager about a cause that is particularly close to her heart: spreading a love of literature and reading.During a visit to the New York Public Library in Manhattan on Wednesday, Camilla spoke with Jenna, 44, about how she first developed a love of books as…

CoreWeave dropped 5.83% on April 28 after reports surfaced that OpenAI had missed its internal revenue and user growth targets. For most investors, that was a reason to pause. For Cathie Wood, it was a reason to buy. Wood’s ARK Invest ETFs moved quickly, and the size of the purchase tells you exactly how much conviction is behind it. What ARK bought and why the timing matters ARK Invest purchased 162,306 shares of CoreWeave across its ARKK and ARKW ETFs on April 28, with the stock closing at $105.53, for a total transaction of approximately $18.18 million, according to Investing.com.…

For global re/insurance group Everest, the Mt. Logan Re third-party capital vehicle continues to build momentum throughout 2026, with its assets under management surpassing $2.6 billion, and according to Everest’s President and CEO, Jim Williamson, the vehicle continues to play an increasingly important role in the company’s capital model.Speaking earlier today during Everest’s Q1 2026 earnings call, Williamson, highlighted in his opening remarks how Everest’s third-party capital vehicle continues to perform well. Recall that during Everest’s Q4 2025 earnings call, Williamson said that Mt. Logan’s assets under management had surpassed $2.5 billion as of January 1, 2026. Williamson also noted…

India has emerged as the largest user base for ChatGPT Images 2.0 since its launch last week, OpenAI said on Thursday. However, third-party data reviewed by TechCrunch points to a more measured global response, with limited overall growth alongside sharp spikes in select emerging markets. ChatGPT Images 2.0, OpenAI’s latest image-generation upgrade, is designed to handle more complex prompts and produce detailed visuals, including accurate text across multiple languages. Early patterns from the company suggest users — especially in India, its largest market — are using it to create personal visuals such as avatars, stylized portraits, and fantasy-themed images. Data…