Author: Money Mechanics

Adoption of advanced technology and artificial intelligence are serving to expand addressable markets for the insurance and reinsurance industry, with digital infrastructure one example where data analytics are expected to help Aon access institutional sources of capital for its clients, CEO Greg Case explained today.During Aon’s first-quarter 2026 earnings call today, Greg Case highlighted how his firm has embraced artificial intelligence (AI) within the business and also the risk capital opportunity presented by the digital infrastructure and data centre build-out. Importantly, he explained that the adoption of AI and advanced technology helps Aon unlock more and more diverse sources of…

Kevin Warsh- FED Chair The Federal Reserve just made history — and not in a way anyone expected. After holding rates unchanged for a third straight meeting, the most divided Fed vote in 34 years is already signaling what a new era under incoming Chairman Kevin Warsh might look like. Jerome Powell’s Final Act: An 8-4 Vote That Speaks Volumes Jerome Powell chaired what is almost certainly his last Federal Open Market Committee (FOMC) meeting on April 30, 2026, and the committee did not go quietly. The Fed voted 8-4 to hold rates steady, the most fractured result since 1992.…

Adam Breeden/ZDNETGreat news for T-Mobile customers — if you’ve got an Experience Beyond or Go5G Next plan, Hulu with ads is now automatically included as a free benefit, along with Netflix. Customers on the new Better Value phone plan and the All-In Home Internet plan also get Hulu and Netflix. Also: The best live TV streaming services in 2026T-Mobile has a reputation for being an affordable phone and internet provider, offering a ton of coverage without breaking the bank — especially if you enroll in one of the new Better Value family plans. (Plus, special discounts are available to first responders, those…

(World Oil) – Occidental Petroleum said President and CEO Vicki Hollub will retire effective June 1, 2026, with Chief Operating Officer Richard Jackson set to assume the role. Source: Reuters Jackson will also join the company’s board of directors upon becoming CEO. Hollub, who has led Occidental since 2016, will remain on the board following her retirement, providing continuity during the leadership transition. The move follows what the company described as a decade-long transformation that strengthened its portfolio and technical capabilities. “With this strong foundation in place, a clear path forward and a leader like Richard… now is the right time for this transition,” Hollub said,…

As we navigate the peak spring homebuying season, the economic backdrop remains characterized by a persistent “cloudy” outlook. While geopolitical tensions in the Middle East have injected a fresh dose of volatility into financial markets, the latest data suggests a housing market that is remarkably resilient, albeit one that is undergoing a complex rebalancing.In what marked Jerome Powell’s final meeting as Federal Reserve chairman, the FOMC opted to hold rates steady. However, the most telling aspect of that meeting wasn’t the decision itself, but the dissension.With four members expressing differing views on policy or statement language, it is clear that…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Pilots have checklists for what to do when something changes in flight. Their ultimate bosses — chief executives of airlines — do not have that same comfort. Following the closure of the Strait of Hormuz, several major US and European carriers have raised ticket prices but made only small cuts to capacity, suggesting they see the Iran conflict and worries over the availability and affordability of jet fuel as a mere detour, with the destination unchanged. That would be an optimistic read. While…

The silence from Riyadh tells its own story. Days after the United Arab Emirates stunned its neighbours by announcing its immediate exit from Opec, neither the oil cartel nor its de facto leader Saudi Arabia has offered any public response. The vacuum reflects both the shock of the decision and the position that Saudi Arabia, the world’s top oil exporter, has found itself in. While the country’s rift with the UAE has been simmering for several years, the timing of the announcement, in the middle of a regional war, caught many off-guard. Several people familiar with the situation said Riyadh received little…

Good morning, it is a pleasure to join you today to discuss artificial intelligence (AI), and the critical role it plays in cybersecurity and risk management.1 This event is one of a series of roundtables convened by the Financial Stability Oversight Council (FSOC) to discuss AI, bringing together public and private participants to engage in discussion and share perspectives. Previous discussions about the use of AI tools have debated their risks and benefits.2 Today, we are facing the rapid evolution of AI tools much earlier than many expected, and the risks and benefits are now more tangible and clear. Anthropic’s…

Musely, a direct-to-consumer telemedicine platform, has secured over $360 million in non-dilutive capital from General Catalyst’s Customer Value Fund (CVF). The company specializes in compounded treatments for skin, hair, and menopause care. Musely co-founder and CEO, Jack Jia, told TechCrunch that when CVF investors reached out to him last year, he wasn’t looking to raise capital. That’s because Musely, which was founded in 2014 as a wellness community before pivoting to prescription skincare in 2019, has been cash flow positive for years, he said. Jia didn’t want to reduce his ownership in the company by selling off a chunk of…

Kansas City Chiefs quarterback Patrick Mahomes and his wife, Brittany, enjoy a very luxurious lifestyle at their custom-built Missouri megamansion—but when it comes to their kids, it seems the couple refuses to be precious about protecting their lavish abode. Brittany, 30, shared a very candid glimpse inside the couple’s lives at home with their three children, shedding a very entertaining light on the chaos that erupts when the kids are allowed to run loose around the upscale abode.In a video posted to her Instagram Stories, the entrepreneur and fitness trainer revealed the havoc that her kids had caused inside Patrick’s…