Author: Money Mechanics

Surrounded by the hustle and bustle of Lower Manhattan, this two-bedroom, two-and-a-half-bathroom loft-style apartment is listed for $2,199,000.  Located a block from City Hall Park and close to the Brooklyn Bridge too, this 1,700 square-foot apartment has 16-foot ceilings and 11-foot arched windows. It is what listing agent Eithan Davidov from Compass called a “one-of-a-kind-apartment.” The apartment has two bedrooms and two-and-a-half bathrooms. Photo credit: Nathan Patrick Media and Doorbell Photos “You walk in and you feel the vibe because the windows are gorgeous and the high ceilings are breathtaking. It is a unique opportunity because it’s one of the…

MIAMI – JANUARY 06: United HomeCare Services home health aide Wendy Cerrato hugs Olga Socarras. (Photo by Joe Raedle/Getty Images)Getty ImagesA group of influential policy experts has designed a universal home care benefit for people with physical and cognitive limitations. In a major change from the existing system in the US, where government-funded long-term care is primarily a Medicaid benefit, they’d shift home-based care to Medicare. Their plan would be available to anyone who has a significant need for long-term services and supports, often called LTSS. However, the level of public benefits would be tied to an individual’s income and…

Dozens of members of Congress say they don’t support a proposed ban on institutional investors, a bipartisan statement that spells trouble for the controversial idea.Seventy-six members of Congress—members of the Real Estate Caucus and the Build America Caucus—signed a letter to House Speaker Rep. Mike Johnson calling for major revisions or repeal of the language that would ban institutional investors from owning more than 350 single-family homes.That language was passed in the Senate version of the 21st Century Road to Housing Act. It’s the most comprehensive housing reform bill in decades. But since the House passed its own version of…

(Oil & Gas 360) By Greg Barnett, MBA – For oil and gas investors, the defining feature of energy’s resurgence since 2019 has not been commodity prices alone, nor a cyclical rebound driven by leverage to higher oil. It has been something far more fundamental, and historically rare for the sector: sustained capital discipline executed consistently by management teams across the value chain. XLE since 2019: Capital discipline as the defining competitive advantage- oil and gas 360 Energy’s strong total‑return performance over this period, as reflected in XLE, occurred without the benefit of persistently high oil prices. In fact, much of…

 The “Rising means the Fed might hike rates so gold must fall!” narrative is in play. It works… until it doesn’t. There are oil price and numbers where citizens begin to panic-buy gold, but what those numbers are is currently unknown. As long as the (false) narrative holds, falling oil prices benefit gold. On this chart, a H&S top is evident, but there’s no guarantee it plays out as is technically indicated. The “scenario #2” chart for oil. The bottom line: Whether oil goes higher now, or later, the main point is that it’s almost certainly going… much, much higher.…

A recent survey of insurance-linked securities (ILS) investors conducted by reinsurance broker Gallagher Re and Gallagher Securities reveals a notable rise in market appetite for 2026. The findings indicate that a clear majority of both specialist and generalist allocators intend to expand their exposure to insurance-related assets over the next two years.Furthermore, as ILS investors adopt more sophisticated strategies, data from the survey also shows that almost none currently plan to reduce their positions in the sector. In a recent article authored by Jason Bolding, global head of ILS at Gallagher Re, and Ben Lyon, CEO of Gallagher Securities UK…

Vertigo3d/E+/Getty Images Plus via Getty ImagesFollow ZDNET: Add us as a preferred source on Google.ZDNET’s key takeawaysAdoption of agentic AI in government is now a leadership mandate. 82% of government organizations have already adopted AI agents.71% of government agencies plan to increase use of agentic AI in 2026-2027According to IDC research focused on public-sector readiness, agentic AI is no longer in the experimental phase for government; it is a leadership mandate.IDC finds that while many government agencies are implementing agent-driven workflows, few have moved beyond pilots. The rate of agentic AI adoption in government is due to several factors:Budgetary pressuresSovereignty and compliance,…

Real estate, housing, investment concept with house in nest made of US DollarsgettyA mortgage is a government-subsidized forced savings plan — not the wealth machine Wall Street and policymakers want you to believe it is (and what they themselves might mistakenly believe it is). According to the Fed, the median value of a home minus the mortgage was about $130,000 for a household reaching retirement age — 55 to 64 in — 1989. A little over thirty years later, the same group had more home equity, about $200,000, if they had a house — and 28% didn’t. But even though…

Following two consecutive years of steady growth, New York City saw its overall population shrink in 2025, fueled by an exodus of local residents across all income brackets. A new study from the Citizens Budget Commission, a nonprofit civic think tank, shows that the Big Apple’s net population, accounting for all gains (through births and in-migration) and losses (through deaths and out-migration), dropped by 12,000 last year.    This decline comes on the heels of strong post-pandemic gains, which saw the city’s overall population swell by 70,000 in 2023 and 163,000 in 2024, mostly driven by an influx of migrants and asylum…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The British driving services group RAC is targeting an initial public offering towards the end of the year, prolonging London’s listing drought as volatile markets dash hopes for a wave of IPOs before the summer.The RAC, which is backed by private equity groups and is targeting a roughly £5bn valuation, had been preparing for an IPO as soon as the first half of this year. However, the group is now working towards a post-summer timeline, with a flotation most likely in the…