Author: Money Mechanics

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…

(By Oil & Gas 360) – In just over 60 days, the Iran war didn’t just rattle markets; it physically removed a massive volume of oil from the global system, a shock that continues to ripple through pricing, logistics, and investor expectations and is now approaching a scale few thought possible. Since the conflict began in late February, more than half a billion barrels of crude and condensate have already been taken offline. But as disruptions persist and flows remain constrained, cumulative losses are now trending toward a billion-barrel scale event, shifting this from a short-term shock into a structural…

Christine Quinn and Heather Rae El Moussa are officially returning to real estate drama “Selling Sunset” after yearslong absences—promising fans that Season 10 of the Netflix hit will allow them to reveal “new versions” of the women they once were. After months of rumors that the two women were set to make a comeback to the Oppenheim Group, both Quinn, 37, and El Moussa, 38, have officially confirmed the news, while teasing viewers about their plans to stir things up, both in terms of California’s luxury real estate market and for their co-stars. Quinn announced the news of her return…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Comedian George Carlin had a routine in the 1970s that he called “the seven words you cannot say on television”. The gag was about the US Federal Communications Commission’s ability to restrict speech transmitted on public airwaves. Licensed TV and radio broadcasters had a choice: comply or lose their precious, government-owned spectrum.One might think that in the age of streaming, with broadcast TV now less than one-fifth of all viewing, according to Nielsen, the FCC’s leverage over Hollywood would be much diminished.…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Japanese yen surged more than 2.5 per cent against the dollar in a few hours on Thursday amid reports that Tokyo had intervened to support the currency and after authorities issued a rare “final” warning to speculators to close their bets against it.The yen touched a low of more than ¥160 to the dollar on Thursday before finance minister Satsuki Katayama told reporters that it was “nearing the time for decisive action on the falling yen”, sending the currency close to…

Institutional ETF inflows support Bitcoin while mining pressure reshapes industry structure. Lower exchange reserves and whale accumulation signal tightening supply and long-term confidence. Bitcoin tests key resistance as macro risks and central banks drive short-term volatility. Bitcoin is moving toward the end of April with price action that suggests more than a normal recovery. The price is holding around the $78,000 to $79,000 range. At first, this may look like a pause, but the market underneath is changing.Mining businesses are feeling more pressure, while demand from big investors through ETFs is helping support the price. The key question now is…

A new book at my library caught my eye — “The Deficit Delusion: Why Everything Left, Right, and the Supply Side Tells You About the National Debt is Wrong,” by John Tamny. I was not familiar with Tamny, but he is Editor of the RealClearMarkets website. I would not describe this article as a review, rather I just want to outline what I see as major points in the book (which I am not too convinced about).The angle appears interesting in that we have a pro-free markets person arguing that we should not need to worry about the American government…