Author: Money Mechanics

This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning from New York.Oil prices moved up modestly on Wednesday, as the US continues its naval blockade of the Strait of Hormuz. The Iranians have said reopening the waterway would not be possible as long as the blockade continues, and demanded an end to attacks by Israel in Lebanon.For its part, Iran has been seizing commercial ships attempting to transit the strait, capturing two…

13.4% of home-sale agreements that went under contract in March were canceled. House hunters are getting cold feet as costs stay high and economic uncertainty is in the air.  Contract cancellations are most common in big-time buyer’s markets like San Antonio and Orlando, where home searchers have a lot of options.  They’re least common in Nassau County, Montgomery County and Milwaukee–three of just five seller’s markets in the U.S.  Nearly 53,000 U.S. home-sale agreements fell through in March, equal to 13.4% of homes that went under contract that month–up from 12.5% a year earlier. That’s tied with 2023 as the…

(By Oil & Gas 360) – Greenland has been called the next frontier in oil and gas for decades. What’s changing now is that the conversation is shifting from possibility to relevance. As global supply becomes more fragmented and geopolitical risk reshapes energy flows, previously overlooked regions are coming back into focus. Greenland sits squarely in that category, remote, complex, but increasingly hard to ignore in a world searching for new sources of supply. The resource case is real. Recent assessments suggest the Jameson Land Basin alone could hold more than 13 billion barrels of prospective oil, placing it among…

The ground lease may be the real estate industry’s “break glass in case of emergency” tool.The arrangement works by separating a structure from the dirt underneath it—cutting the costs for the developer and the eventual resident. Though this decoupling creates a much-needed entry point to an impossible market, it also creates a unique brand of vulnerability—one where the most valuable part of a home is the one part the homeowner doesn’t actually own.As affordable housing advocates and others revisit the tool, it’s important to understand when it can be a true mechanism for affordability—and when it risks derailing ownership entirely.Don’t call…

The artificial intelligence (AI) boom created one of the most extraordinary stock market winners in history. Nvidia (NVDA) has evolved from just a gaming/niche GPU company into the backbone of the AI revolution, now holding the “AI King” crown firmly. It delivered massive gains of 22,648% over the last decade that many investors now regret missing. But markets do not only provide one chance. Investors who believe they arrived late to the Nvidia boom may get a second shot with Advanced Micro Devices (AMD). While it is not comparable to Nvidia, it has the potential to be very strong in…

Broker Aon states that intensifying  flood and drought patterns are reshaping risk profiles across global insurance and reinsurance markets, according to its 2026 Climate and Catastrophe Insight (CCI) report.The firm’s CCI report, which draws on Aon’s catastrophe data and forward-looking climate modelling, underscores that physical climate risks are continuing to change, with implications for communities, policymakers and insurers. The broker estimates that global economic losses from flooding exceeded $42 billion in 2025, contributing to a cumulative total of approximately $2 trillion since 2000. At the same time, Aon also identifies that drought is emerging as a major driver of secondary…

Prakhar Khanna and Jada Jones/ZDNETFollow ZDNET: Add us as a preferred source on Google.I put the latest Samsung Galaxy Buds 4 Pro against Bose’s flagship earbuds, the QuietComfort Ultra 2, and the rivalry was closer than expected. Both models are lightweight, comfortable to wear, offer similar active noise cancellation performance, and last up to (roughly) 5.5 hours on a charge. I’m glad Bose improved its fit in 2025, and Samsung is now appealing to more people by deviating from its one-off LED-equipped design from last year.Also: I found true AirPods Pro rivals in these Samsung earbuds – and they’re better in several waysBoth the…

The twin joys of swimming and teaching have always been central for Libby Souder. For years, the Columbia, SC, resident gave private swim lessons to local children in her backyard pool, which was more accessible and comfortable than public pools, especially for young children and those with disabilities.Each year, Souder had her business license renewed by the city’s zoning administrator without issue. She typically taught for a few months leading up to summer swim season, a child or two at a time, two to three hours a day. Everything was straightforward—until it wasn’t.The arrival of a new neighbor threw a…

Pakistan was urging President Donald Trump to extend the ceasefire, suggesting that Iran’s leadership couldn’t make up their mind about whether they wanted to engage with the United States or not. It is notable that Iran’s leadership is in disarray. Vice President JD Vance was initially scheduled to leave on Tuesday, then rescheduled to Wednesday, until it became clear that Iran couldn’t decide whether it should participate or not, who was in charge, and who would lead the talks. Then President Trump posted on Truth Social: Based on the fact that the Government of Iran is seriously fractured, not unexpectedly…

Tesla saw an uptick in revenue and profit year-over-year, figures buoyed by an increase in automotive revenue and other services, including active subscriptions to its Full Self-Driving (Supervised) advanced driver assistance system, which reached 1.28 million. Tesla shares rose 4% in after-hours trading following the release of its first-quarter earnings report, driven by largely by a jump in its free cash flow, as well as increases in revenue and profit on a year-over-year basis. The company reported Wednesday revenue of $22.38 billion, a 16% increase from the $19.3 billion it generated in the first quarter of 2025. Its automotive revenue…