Author: Money Mechanics

Universal Insurance Holdings, Inc. has now fully-placed its catastrophe reinsurance for the coming year and has secured a further $352 million of multi-year cover to extend its catastrophe protection, with the firm’s CEO Stephen Donaghy saying he was pleased with the market support.Universal Insurance Holdings has always been an early mover when it comes to locking-in all-important catastrophe reinsurance protection well in advance of the hurricane season. Back in February, CEO Stephen Donaghy said that Universal had already placed around 90% of its first-event catastrophe reinsurance tower and was set to add multi-year cover to protect it into the 2027…

Pronto, an Indian instant house-help startup, is finalizing a funding round led by tech investor Lachy Groom that would value the fast-growing company at about $200 million after investment, TechCrunch has learned. The deal is expected to bring in about $20 million in fresh capital and would mark a sharp jump from the $100 million valuation at which the company raised $25 million in a Series B round led by Epiq Capital in early March, doubling its valuation in a matter of weeks, two people familiar with the matter said. Bengaluru-based Pronto completed about 500,000 orders last month and is…

The housing market is finally showing signs of the seasonal vitality we’ve been waiting for. After a stubborn climb through much of March, mortgage rates pivoted in April, dipping to 6.23% this week, which marks the lowest level in five weeks. Meanwhile the number of for-sale homes is climbing.This shift arrives at a critical juncture for the housing market. I see this convergence of lower borrowing costs and rising inventory as a potential catalyst for a market that has been searching for its footing.We are currently moving through the most active window of the real estate calendar. While we have…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Jane Street almost doubled its revenues last year to $40bn after generating $15.5bn in the final quarter, blowing past the Wall Street banks that previously dominated trading.The trading firm posted net revenues from trading and related activities of $39.6bn last year, according to a person familiar with the matter, up from $20.4bn in 2024 and just over $10bn in 2023.The New York-based Jane Street has emerged as a trading powerhouse across equity, option and fixed-income markets, alongside rivals such as Citadel Securities…

In-brief analysis April 21, 2026 We estimate the Lower 48 U.S. states began this natural gas injection season (April–October) with 1,890 billion cubic feet (Bcf) of working natural gas in storage, based on interpolated data from our Weekly Natural Gas Storage Report. This level was 3% above the previous five-year (2021–25) average and 3% above last year’s end-of-season storage volume. After a relatively warm start to the 2025–26 winter heating season (November–March), colder-than-normal temperatures across much of the United States in January, including Winter Storm Fern, resulted in a record storage withdrawal of 360 Bcf…

In-brief analysis April 23, 2026 The article has been changed to reflect Corpus Christi and Corpus Christi Liquefaction Stage 3 as one terminal, reflecting the co-location of these projects, although having different liquefaction train technologies. Data source: U.S. Energy Information Administration, Liquefaction Capacity File; trade pressNote: Bcf/d=billion cubic feet per day; LNG=liquefied natural gas On April 22, 2026, Golden Pass LNG—the 9th liquefied natural gas (LNG) terminal in the United States—shipped its first cargo from Train 1, according to the project developer. The shipment left port 23 days after achieving first…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. April 24, 2026 Federal Reserve Board announces approval of application by OceanFirst Financial Corp. For release at 4:00 p.m. EDT The Federal Reserve Board on Friday announced its approval of the application by OceanFirst Financial Corp., of Toms River, New Jersey, to merge with Flushing Financial Corporation, and thereby indirectly acquire Flushing Bank, both of Uniondale, New York. For media inquiries, please email [email protected] or call 202-452-2955. Last Update: April 24, 2026 Source…

(By Oil & Gas 360) – Energy markets moved into a more fragile phase this week. Even as talk of diplomacy resurfaced, physical disruptions continued to ripple through oil and gas flows. The result is a market that no longer reacts to single events but to overlapping risks, supply interruptions, demand shifts, and policy responses all at once. THIS WEEK’S 5 HEADLINES THAT MATTERED 1. Disruptions persist despite ceasefire momentum Kuwait declared force majeure after Hormuz-related disruptions halted export flows, while analysts warned that even with ceasefire discussions underway, supply interruptions continue. Why it matters:Markets aren’t waiting for a resolution.…

(Image credit: Getty Images)The leader of the AI revolution approached a new peak on Friday, and two of the three main U.S. equity indexes posted fresh all-time highs during a risk-on yet mixed-up stock market rally. Crude oil prices declined amid relative quiet on the Middle East front.Nvidia (NVDA, +4.3%) was the top-performing Dow Jones stock and closed within a couple of dollars of a new high, even as the industrial average was alone among the main indexes in the red for the day. NVDA, which traded at $212.19 intraday on October 29, changed hands at a high of $210.95…

After an uncertain start to the spring housing season, conditions may be aligning in favor of buyers.According to the Realtor.com® economic research team’s latest weekly market update, new listings are surging, total inventory is rising, and asking prices continue to retreat as mortgage rates ease.For prospective homeowners who have been sidelined by years of rapid appreciation and tight supply, the shift may offer some much-needed breathing room.New listing activity saw a dramatic 12.9% year-over-year jump for the week ending April 18, although that figure is somewhat inflated due to the Easter holiday falling on the same week last year. The…