Author: Money Mechanics

The insurance and reinsurance industry is currently treating artificial intelligence (AI) as a potential “force-multiplier” for cyber losses, but the pace of development of AI and its roll-out is reshaping cyber risk in general and introduces portfolio aggregation and loss correlation risks, specialist modeller CyberCube has explained.CyberCube cautions in a recent report that both underwriting and modelling approaches for cyber risk may need to evolve, as “AI is reshaping cyber risk by increasing the speed, scale, and coordination of attacks.” With the help of AI, threat actors are able to exploit security gaps increasingly quickly, and at the current pace…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. April 14, 2026 Minutes of the Board’s discount rate meetings on February 9 and March 18, 2026 For release at 2:00 p.m. EDT The Federal Reserve Board on Tuesday released the minutes from its recent meetings to review and determine the discount rates provided to depository institutions through the discount window. Today’s minutes cover the Board meetings that occurred on February 9 and March 18, 2026. The Board’s process for setting the discount…

*NSYNC star Joey Fatone has lifted the lid on his brutal financial struggles in the wake of the boy band’s sudden hiatus—revealing that his money woes became so severe, he was forced to sell his Florida home and move back in to his parents’ house, along with his wife and children.Fatone, 49, spoke frankly about his sudden fall from financial grace in a new Investigation Discovery documentary “Boy Band Confidential: A Hollywood Demons Event,” explaining how the shock decision to put *NSYNC on an indefinite break left him in a desperate situation.The singer confessed that the news of the band’s…

(Image credit: Getty Images)Stocks continued to climb on Tuesday as a key inflation report came in much lighter than expected and tech stocks extended an impressive rebound. This helped offset lingering worries over the war in Iran and a disappointing start to first-quarter earnings season.Ahead of the opening bell, the Bureau of Labor Statistics said the Producer Price Index (PPI), which measures what businesses are charging suppliers for goods, rose 0.5% from February to March, much slower than the 1.1% economists expected.According to the BLS, higher energy costs were the biggest catalyst behind the PPI’s increase, with the gasoline index…

To help you understand the trends surrounding AI and other new technologies and what we expect to happen in the future, our highly experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts. (Get a free issue of The Kiplinger Letter or subscribe.) You’ll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest…OpenAI’s abrupt decision to shut down fledgling Sora, its recently launched social media app to create and share AI-generated videos, was a shock to the AI…

Stay informed with free updatesSimply sign up to the US banks myFT Digest — delivered directly to your inbox.Wall Street’s biggest banks smashed records with first-quarter earnings that capitalised on market volatility sparked by the outbreak of the Iran war. JPMorgan Chase reported the highest ever revenues from its trading business and net income for the bank that was second only to 2024, when it received a one-off windfall from the sale of its stake in Visa. Rival Citi posted its best quarterly revenue in a decade and a 42 per cent jump in net income, lifting its shares to…

Image by Bing AI In his latest video, macro analyst Ben Cowan breaks down the most recent CPI report and what it means for the Federal Reserve, the labor market, and the broader business cycle. Here are the key takeaways.ezstandalone.cmd.push(function () { ezstandalone.showAds(159); }); What’s Driving the Increase? Inflation surged to 3.3% in the latest CPI report, up sharply from 2.4% the prior month — a full percentage point increase in a single month. Cowan notes that while markets had anticipated the rise, the speed of the move is a stark reminder of how quickly the inflation picture can change.…

Maria Diaz/ZDNETFollow ZDNET: Add us as a preferred source on Google.ZDNET’s key takeawaysThe latest Google Home update aims to relieve friction when using Gemini.Users will repeat themselves less and get more correct results from the AI assistant.The update expands parental controls and improves thermostat controls and camera reliability.Google Home just released an April 2026 update that should make your Gemini experience more reliable. The update will help users get faster reactions and responses from Gemini, have more natural conversations, and even work better in noisy environments. Beyond new features, the update is meant to iron out some miscommunication issues that have been bogging…

(By Oil & Gas 360) – Africa is moving back to the center of global energy strategy, and this time, the interest looks more durable. After years of underinvestment driven by capital discipline, energy transition pressures, and above-ground risk, oil majors and independents are once again allocating capital across key African basins. The shift is being driven by a familiar combination: resource scale, improving fiscal terms, and a global market that needs a new, reliable supply. But this is not a return to the past. It is a more selective, commercially disciplined re-entry, focused on assets that can compete in a…

A real estate–focused social media influencer, or “finfluencer,” who promised his followers huge profits and financial freedom has learned his fate after pleading guilty to tax and wire fraud.Tyler Bossetti, a 31-year-old from Columbus, OH, was sentenced on Friday to six years in federal prison for orchestrating a multimillion-dollar real estate Ponzi scheme to cheat investors in his “Boss Lifestyle” investment scheme.Prosecutors say Bossetti secured over $23 million in funding from victim investors across the United States and internationally. Altogether, dozens of these investors suffered losses exceeding $11 million.Bossetti has now been ordered to pay more than $12.5 million in…