Author: Money Mechanics

Cincinnati, Ohio-based The Procter & Gamble Company (PG) provides high-quality, daily-use products across a diverse portfolio of categories. Valued at a market cap of $335.7 billion, the company manages iconic brands such as Tide, Pampers, Gillette, Oral-B, and Head & Shoulders. It is scheduled to announce its fiscal Q3 earnings for 2026 before the market opens on Friday, Apr. 24. Ahead of this event, analysts expect this household and personal products company to report a profit of $1.57 per share, up nearly 2% from $1.54 per share in the year-ago quarter. The company has met or topped Wall Street’s earnings estimates in each of the last four quarters.…

spiked to $111.29 per barrel on Thursday, with trading at $107.57, inverting the global benchmark structure as the market repriced accessible supply amid a prolonged disruption at the Strait of Hormuz. WTI rarely trades at a premium to Brent. Brent crude reflects seaborne crude and typically leads during global supply shocks, while WTI crude is usually discounted. The current inversion points to a breakdown in normal pricing signals tied to physical flows. Part of the move is technical: WTI’s front-month contract reflects May delivery, while Brent has already rolled to June, skewing the headline spread. But the deeper driver is…

The war in Iran has hammered global oil markets, with gas prices in the U.S. spiking significantly. Amid the rise in transportation costs, Amazon has instituted a new 3.5% fuel surcharge for sellers that use its distribution network. The policy has the potential to inflict significant new costs on the untold merchants that rely on the e-commerce giant to sell their products. Amazon told TechCrunch that the surcharge would be in place for the foreseeable future, although the company said it will continue to evaluate a potential policy shift as market conditions evolve. The news was originally reported by Bloomberg.…

(By Oil & Gas 360) – The first phase of the energy shock moved prices. The second reshaped flows. The third is now redirecting capital. As volatility moves from crude into refined products and logistics, investors are beginning to reposition, not around headline oil prices, but around where the system is tightening most. That shift is already visible. Refiners are emerging as near-term beneficiaries. Elevated crack spreads, particularly in diesel and jet fuel, are widening margins as product prices outpace crude prices. In a market where downstream supply is constrained, refining capacity is becoming more valuable than upstream production alone.…

Stay informed with free updatesSimply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox.Hackers have stolen $280mn from the coffers of an unregulated crypto exchange, just as trading of crypto-based derivatives has surged in popularity.Drift, the largest so-called perpetual futures exchange on the Solana blockchain, said it had fallen victim to an attack launched on Wednesday, with the amount stolen representing about half the total US dollar value on deposit with the exchange.Perpetual futures are derivative contracts with no expiration that are used by cryptocurrency traders to speculate on asset prices that have surged in trading…

Aon Securities, the broker-dealer and investment banking arm of the broking giant, believes catastrophe bond market and broader third-party reinsurance capital activities will remain robust through the rest of 2026, according to CEO Richard Pennay.A number of factors are expected to keep driving cat bond and broader insurance-linked securities (ILS) market activity levels, with levels of capital available key to this. On the one hand, investor appetite for accessing returns from insurance and reinsurance related risks remains high. While a second capital factor is the availability of capital from maturing cat bond and other third-party capital arrangements, which will require…

(Image credit: Getty Images)If retirement is about finding peace and happiness in your own song, then Stevie Nicks is the best person to orchestrate that transition. The High Priestess of rock and roll survived decades of creative reinventions, messy breakups that played out on world stages and the endless drama with bandmates who tried to keep her down.But with her signature shawl in one hand and a hard-earned retirement nest egg in the other, Stevie has taught us that walking away doesn’t mean the end of her career, but the beginning of the next chapter.Her words are more than songs;…

(Image credit: Getty Images)The main U.S. equity indexes gapped down at the opening bell after President Donald Trump told the American people the U.S. would achieve its military objectives in the Middle East “very shortly,” but would also hit Iran “extremely hard over the next two to three weeks.” Stocks rallied off their morning lows on reports the Islamic Republic is working with Oman on a plan to open the Strait of Hormuz. Crude oil soared early and sagged late, as the recent pattern for price action continues.”I was surprised that President Trump did not hint at an exit plan…

Limited oil supplies worldwide, a result of the ongoing war in Iran, are having a major impact on gas prices across the U.S. As of March 30, the national average cost of gas had gone up by 2.4 cents per gallon week over week and by 97.9 cents per gallon in the past month, according to data from GasBuddy. Americans are now paying $3.95 per gallon for gas and $5.369 per gallon for diesel fuel. AAA data tells a similar story. The current AAA national average gas price is about $3.98 — a full $1.00 increase from a month ago.…

Arda Kucukkaya/Anadolu via Getty ImagesFollow ZDNET: Add us as a preferred source on Google.ZDNET’s key takeawaysYou can now transfer memories and chats from another AI to Gemini.The process works with such AIs as ChatGPT and Claude.This option helps Gemini personalize its responses to you.Starting fresh with a new generative AI service can be challenging, as the bot knows nothing about you and therefore can’t personalize its responses based on your history, preferences, or past conversations. Now Google is offering a way around that barrier.New to Gemini is a memory import feature that lets you transfer your memories, chat history, and preferences from…