Author: Money Mechanics

Snabbit, an Indian on-demand home services startup, has closed a $56 million funding round, confirming TechCrunch’s earlier report. Co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments’ Unicorn Growth Fund, and Bertelsmann India Investments, the company’s Series D round values the Bengaluru-based startup at around $350 million, according to a person familiar with the matter. That’s up from $180 million about six months ago. Existing investors Nexus Venture Partners and Lightspeed also participated, alongside FJ Labs. The company has raised about $112 million in total. Founded in 2024, Snabbit said it is now processing over 40,000 jobs daily across a…

Link to Report: Macro Volatility DigestWHAT STANDS OUT:Implied volatilities increased across asset classes last week amidst the geopolitical overhang created by the instability of commercial transit along the Strait of Hormuz and mixed signals from Iranian hard-liners undermining the country’s appetite for a resumption of peace talks. Equity, rates, credit, and FX implied volatilities all posted modest gains (see Exhibit 1), with the VIX® Index ending the week 1.25 pts higher to 18.7% – despite the fact that the S&P-500® has rallied to record highs for a YTD return of +4.7%.Our VIX decomposition analysis (Exhibit 2) showed that the “spot…

The age of first-time homebuyers keeps climbing. In 1991, the median first-time buyer was 28 years old. By 2010, it was 30. As of 2025, it’s an even 40.For a lot of people in that age bracket, the milestone comes with an uncomfortable question they’re starting to hear about many aspects of their lives: Aren’t you getting a little old for this?We tend to think of homebuying as a younger adult’s game because traditionally it has been. But high interest rates, elevated prices, and delayed saving timelines—shaped by the Great Recession, student debt, and the COVID-19 pandemic—have pushed homeownership further…

Stay informed with free updatesSimply sign up to the Hedge funds myFT Digest — delivered directly to your inbox.The multi-strategy hedge fund Jain Global plans to return cash to investors after a tough start following its splashy launch. The eponymous hedge fund founded in 2024 by former Millennium co-chief investment officer Bobby Jain is instead entering into a deal to exclusively manage money for Millennium, according to an internal memo. The hedge fund plans to return investor capital in the third quarter of this year, according to one person familiar with the matter.“Scale is paramount in this industry,” Jain said…

Energy prices and geopolitical risks keep the US dollar strong despite mixed macro signals. Fed outlook and inflation data likely decide next move in US dollar index. Break above 100 tightens global liquidity and raises pressure on risk assets. The recent squeeze in the US dollar reflects wider tensions in the global economy. Energy risks from the Middle East remain high, and fuel prices stay elevated. At the same time, inflation is still a concern, which makes it harder for the Fed to decide its next steps. Other major central banks also face similar challenges, and the US economy is…

(Oil & Gas 360) – EnerCom, Inc., a leading energy communications and consulting firm, has expanded its Oil & Gas 360® Premium subscription service, offering energy investors and industry professionals access to deeper analytics, valuation tools, and market intelligence designed to support better, faster decision-making. Here’s a quick walkthrough of how to make the most of your Premium access: 1. Explore the Valuation & Benchmarking Dashboards Start by visiting the Valuation Dashboards section. Here, you can easily compare companies across the exploration & production, midstream, refining & marketing, oilfield services, and power/energy transition industries. Customize your peer groups to focus…

(Image credit: Getty Images)Stocks were mixed to start a major week for earnings, with Big Tech and Big Energy set to report results and offer guidance amid a still-simmering war in the Middle East. Meanwhile, the Federal Reserve and the rest of the Group of Seven central banks are all set to meet this week to discuss monetary policy for economies accounting for about half of global GDP.”Despite bouts of volatility,” E*TRADE from Morgan Stanley Managing Director Chris Larkin observes, “for most of this month the showdown between geopolitical uncertainty and enthusiasm over AI-driven earnings growth has been a one-sided…

New York City will host free official World Cup fan events in all five boroughs this summer, Mayor Zohran Mamdani and Gov. Kathy Hochul announced Monday, casting the tournament as both a once-in-a-generation global spectacle and a test of whether ordinary New Yorkers will be able to take part in it.“If the best things in life are free, so too should the World Cup fan experience,” Mamdani said. “These events were not initially set to be free, but the world’s game should belong to the world.”The announcement gives Mamdani and Hochul a highly visible way to tie the 2026 World…

Sometimes it may feel like the equity you have built in your home is locked away and out of reach. You don’t want to sell your home and get a new mortgage or do a cash-out refinance with a higher rate. However, a second mortgage might be the best answer. The best home equity lenders offer you a choice: a draw-it-as-you-need-it HELOC or a lump-sum home equity loan. HELOC and home equity loan rates: Monday, April 27, 2026 The average HELOC adjustable rate is 7.24%, according to real estate data analytics company Curinos. The national average fixed rate on a…

As current events show us, oil prices are volatile. They can swing wildly based on politics, supply decisions, or shifts in global demand. That makes many energy stocks cyclical in nature, particularly those oil and gas companies that are engaged in drilling and exploration. But there are companies with business models that hold up even when oil prices fall. and are two such companies. Each is built differently from your average oil stock. One owns the pipes that move energy. The other provides the services that make wells work better. Together, they offer a smart way to stay in energy…