Author: Money Mechanics

Tech giants’ efforts to ramp up AI adoption in India may be about to hit a turning point, as companies end free promotions with hopes to convert the world’s fourth-largest economy into a windfall of paid subscribers. India became the world’s largest market for generative AI app downloads in 2025, according to market intelligence firm Sensor Tower, widening its lead over the U.S. as installs jumped 207% year-over-year. Companies including OpenAI, Google, and Perplexity rolled out extended free premium offers to accelerate user growth in the price sensitive market. Leading AI firms have also backed India in its push to…

Last year, the initial public offering (IPO) landscape was dominated by names operating in tech, and specifically, fintech. But this year, the list of companies rumored to be seeking public listings spans sectors.   Beyond ChatGPT maker OpenAI, which MarketBeat profiled in November, and Elon Musk-led SpaceX on the list of private companies ramping up to go public, it is also rife with startups that—in many instances—are already household names.  Professional and amateur designers are already familiar with the graphic design platform Canva, and the company is rumored to be aiming for an IPO in the second half of the year,…

(Image credit: Getty Images)Stocks were positive on Tuesday with President Donald Trump prepared to deliver an annual address mandated by the U.S. Constitution and Nvidia CEO Jensen Huang on deck to report quarterly results as required by the Securities and Exchange Commission. Markets will heed the former on tariffs and trade, the latter on the AI revolution. Investors, traders and speculators, in a buying mood, bid up nine of 11 sectors.Markets set aside the debate about whether we’re in a constructive AI boom or a destructive AI bubble ahead of Nvidia’s (NVDA, +0.7%) turn on the earnings calendar after Wednesday’s…

Key Takeaways AMD CEO Lisa Su told CNBC in an interview Tuesday that she doesn’t see AI’s rise wiping out the need for human workers.“We have to figure out how to harness the power of the technology instead of being afraid,” she said. Get personalized, AI-powered answers built on 27+ years of trusted expertise. Worries about AI’s potential to disrupt industries and jobs have rattled markets lately. One big tech exec at the center of the change doesn’t see AI wiping out the need for human workers. “The idea that AI is going to replace everything, I am not a…

Stay informed with free updatesSimply sign up to the Equities myFT Digest — delivered directly to your inbox.Tech companies drove US stocks higher on Tuesday, as investors granted the software industry a reprieve after weeks of selling on fears that AI would decimate the sector. The S&P 500 ended the day up 0.8 per cent with the S&P tech sub-index up 1.2 per cent. The S&P software index rose 1.8 per cent but remains down by nearly 24 per cent on the year. Software stocks have been hammered in recent weeks as investors have fled sectors seen as vulnerable to…

Good morning. Thank you to the National Association for Business Economics for inviting me to speak with you today, and thank you to Jared for serving as our moderator.1 I am honored to share the stage with my former colleague Michael and my former student and research assistant Ging Cee, and I look forward to our discussion. In economics, artificial intelligence (AI) and productivity are among my favorite areas of inquiry. In the two decades before I became a Federal Reserve governor, I studied and contributed research to the economics of innovation and used machine learning in my research. In…

Concerns are mounting in the markets US tariffs and fears of AI-related disruption dominate the news Which stocks should you turn to in order to weather a period of market turmoil? Markets are turning more negative, with growing worries pushing US stock indices sharply lower at the start of the week on Monday. Over the weekend, President Donald Trump said global US tariffs would rise from 10% to 15%. At the same time, concerns about how artificial intelligence could disrupt several industries continued to grow. In tech news, Anthropic introduced a new tool that helps update old COBOL computer systems.…

At a meeting held in Galveston today, the Texas Windstorm Insurance Association (TWIA) Board agreed to only pursue purchase of the statutory minimum amount of reinsurance and catastrophe bonds needed to hit the 1-in-50 year funding level in 2026, opting not to buy any additional risk transfer to cover higher return period events.Recall that, legislative changes enacted in Texas halved the state mandated calculation for the amount of loss funding TWIA needs, from a 1-in-100 year minimum PML metric, down to a 1-in-50 year. These changes adjust the statutorily required funding level TWIA’s Board needs to prepare for, although the Board…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. February 24, 2026 Minutes of the Board’s discount rate meetings on January 20 and 28, 2026 For release at 2:00 p.m. EST The Federal Reserve Board on Tuesday released the minutes from its recent meetings to review and determine the discount rates provided to depository institutions through the discount window. Today’s minutes cover the Board meetings that occurred on January 20 and 28, 2026. The Board’s process for setting the discount rate is…

One of the nice features of the USDi digital currency is that its path is known with certainty well in advance. The price of USDi is determined by the interpolated CPI index value compared with the value on the reference day (315.605). So, for example, we know that today’s[1] USDi value is 1.02681 because today’s CPI index value is 324.06614, and we know that because we know how to interpolate between the CPI prints from 3 months ago (324.122) and 2 months ago (324.054). Importantly, those numbers we are interpolating between are the Non-seasonally-adjusted CPI figures from December (released in…