Author: Money Mechanics

Aon, the global insurance and reinsurance broking group, has announced that it has appointed both Jimmy Mitchell and Adam Rimmer as brokers within the firm’s Global ReSpecialty team, effective immediately.Aon’s Global ReSpecialty division provides specialty reinsurance and retrocession solutions, often engaging with insurance-linked securities (ILS) and collateralized markets on behalf of their client base. Mitchell has been appointed Vice President of Global ReSpecialty, a New York-based role. In this position he will reportedly work with clients to structure global treaty portfolios, leveraging his industry expertise and market relationships in order to broaden access to proportional reinsurance markets. The executive has…

An exceptionally hot read on inflation early Wednesday, the government’s Producer Price Index, or PPI, sent bond yields higher, and mortgage rates followed. Rates had already been surging higher earlier this week on news of more trouble in negotiations over the Iran war.The average rate on the popular 30-year fixed mortgage rose Wednesday to 6.57%, according to Mortgage News Daily. It is now 15 basis points higher than it was last Friday, and it is sitting at the highest level since March, when falling rates reversed course due to the start of the war.Wednesday’s increase was much smaller than the…

Jada Jones/ZDNETFollow ZDNET: Add us as a preferred source on Google.ZDNET’s key takeawaysHeadphone use at too high a volume for too long can damage your hearing.Once your inner ear is damaged, the damage is permanent.Your headphones and smartphone have features to protect your hearing health.Preserving your hearing is an important aspect of maintaining overall health, including cognitive health. According to a 2020 Lancet commission report, hearing impairment is one of 12 modifiable risks for developing dementia. This concern becomes more prevalent as headphones and earbuds are constantly in and around our ears.Also: Do yourself a favor and clean your earbuds right now…

(By Oil & Gas 360) – Part I – Canada’s oil and gas story has never followed the same path as the United States. It hasn’t been defined by speed, short-cycle production, or the ability to rapidly scale in response to price. Instead, it has been built on something else entirely: size, longevity, and resource depth. That difference shows up most clearly in its basins. The Western Canadian Sedimentary Basin, or WCSB, is the backbone of the country’s energy system. Stretching from northeastern British Columbia through Alberta and into Saskatchewan and Manitoba, it is one of the world’s largest hydrocarbon systems. But unlike…

Karman (NYSE:KRMN) reported record fiscal first-quarter results and raised its full-year outlook, citing broad-based growth across its legacy markets, contributions from recent acquisitions and increasing demand tied to defense, space launch and maritime programs. Chief Executive Officer Jon Rambeau, who joined the company six weeks before the call, said Karman delivered “another set of record results” in the quarter, including quarterly revenue of $151 million, record gross profit of $64 million, record adjusted EBITDA of $45 million and an all-time high backlog of more than $1 billion. “We’re off to a strong start in 2026, and we believe market dynamics…

April 2026 HighlightsThe U.S. cash equities market saw a pullback in April, with total market Average Daily Volume (ADV) decreasing 12.99% month-over-month to 17.8 billion shares. Against this backdrop of declining volume, market share shifted toward off-exchange venues, which captured nearly half of all volume. Cboe EDGX® Equities Exchange (EDGX) stood out, increasing its market share to 4.5%. Within on-exchange trading, Cboe maintained a strong 21.0% market share.EDGX Retail Price Improvement (RPI):On April 10, Cboe successfully launched a new order type on EDGX. Liquidity providers can submit a non-displayed order that will only trade against attested retail remove orders.Capture “In-Flight”…

Home renovation guru Joanna Gaines is renowned for her elegant house-flipping skills—but when it comes to working on her own home, the HGTV star has admitted that things can get a little bit more chaotic than the picture-perfect version of events viewers see on TV. Gaines, 48, and her husband, Chip, 51, are currently carrying out a major overhaul of the kitchen at their longtime Texas farmhouse, a project that has become decidedly more complicated by their refusal to temporarily leave the dwelling while construction is carried out.The mother of five opened up about the mayhem that has erupted in…

Productivity software maker Notion is stepping into the agentic era. In a live-streamed product announcement on Wednesday, the company, known best for its collaborative note-taking app, introduced a new developer platform that extends the capabilities of its custom AI agents, connects with external agents, and allows teams to build automated multi-step workflows that can pull in data from any database. By building an orchestration layer — a system that coordinates AI work across multiple tools and data sources — Notion is positioning itself as more than a note-taker with AI features and instead as a hub where people and agents…

Memorial Day weekend often marks the start of summer fun, when many people pull patio furniture, kayaks and golf clubs back out of storage. But for households short on space, self-storage units can help keep seasonal gear, bulky items and overflow clutter out of the garage and basement until they’re needed again.Self-storage has become increasingly common in the U.S. The industry now includes more than 2.1 billion square feet of storage space, and about one in three Americans currently uses self-storage, with another 18% planning to rent a unit in the future, according to SpareFoot.In a recent survey of Kiplinger’s…

A former Kings County, NY, Supreme Court justice and a Brooklyn real estate investor have been arrested and charged with perpetrating numerous schemes to defraud real estate investors out of millions of dollars.Former judge Edward Harold King, 72, and real estate investor Sam Sprei, 37, were arrested Wednesday morning on federal charges of wire fraud conspiracy. If convicted, they face up to 20 years in prison.Prosecutors say that King and Sprei stole millions from investors by multiple schemes, including holding out the former judge as a trusted escrow provider for sham transactions.“Fraud that hides behind a veneer of legitimacy—especially the…