Author: Money Mechanics

Welcome back to TechCrunch Mobility, your hub for all things “future of transportation.” To get this in your inbox, sign up here for free — just click TechCrunch Mobility! The year in transportation started with a couple of bankruptcies — Canoo and Nikola — and now it’s ending with two more. Rad Power Bikes is coming to an end — or at least a bankruptcy. The electric bike company filed for Chapter 11 bankruptcy protection, weeks after it warned employees that it could shut down without new funding. A spokesperson told TechCrunch the company will continue to operate while the bankruptcy…

(Oil Price)– Harbour Energy has made a gas and condensate discovery in the Norwegian section of the North Sea, which could be tied back to existing infrastructure, the Norwegian Offshore Directorate said on Friday. Harbour Energy, as operator of the license, and its partners have proven gas condensate in the ‘Camilla Nord’ prospect, the regulator said, adding that preliminary estimates indicate the size of the discovery is between 2.2 million and 4.7 million barrels of oil equivalent. Wildcat wells 35/8-8 S and A were drilled in production licenses 248 LS and 248 B, which are part of the Vega Unit in…

“Art is not a luxury,” Maya Angelou, the renowned author and poet, once said. But when it comes to buying artwork to enjoy in the comfort of your home, it can feel like one. Owning fine art may seem out of reach, limited to auction houses and high-end galleries. Online marketplaces, however, have made it easier and more affordable than ever to buy paintings, sculptures, photography and more without leaving your sofa.A primary avenue to buy art online is through galleries such as TheArtling.com, Zatista.com, Artfinder.com and Artsy.net. These sites sell pieces to meet a variety of tastes, with price…

Key Takeaways Analysts at Bank of America and Jefferies said they’re still bullish on semiconductor stocks heading into 2026. AI stocks have pulled back lately amid worries about an AI bubble, but the analysts said semiconductor shares are likely to keep benefiting from spending on data centers. AI stocks have had a tough time lately. Some analysts say they’re sticking by their favorite chip stocks anyway. AI is “still the place to be” heading into 2026, with chip stocks among the best ways to play the AI boom, Bank of America analysts told clients in a note last week, anticipating growing…

With Farmers Insurance Group having secured $400 million of multi-peril US catastrophe reinsurance protection through its new Topanga Re (Series 2025-1) catastrophe bond issuance, Thomas Noh, CFO of Farmers Insurance Exchange stated that the issuance marks an important component of the company’s risk management strategy.As we’ve been reporting, Farmers Insurance Group successfully priced its second and largest catastrophe bond sponsorship earlier this month, with the Topanga Re Series 2025-1 cat bond growing from its initial $300 million of per-occurrence catastrophe reinsurance protection target, to secure the company a $400 million fully-collateralized source of protection. In December 2021, Farmers sponsored its debut catastrophe…

By David Enna, Tipswatch.com Since there were very few month-to-month price changes detailed in the November inflation report, we are all left wondering about key areas that resulted in surprisingly low inflation for the September to November period. This CPI report by the Bureau of Labor Statistics has been highly criticized by economists and inflation experts. Headline and core inflation numbers rose by less than half the number predicted by experts, with all-items CPI rising 2.7% over the 12 months to November, and core up 2.6%. The BLS produced little data on overall month-to-month inflation changes, but reported that CPI…

Capsule hotels are a cheap alternative to expensive accomodation in London for office workers.Sawdah BhaimiyaWorkers who moved out of London for remote work are under pressure to come back to the office in the city, and some are choosing to stay in Japanese-inspired sleeping pods for just £30 ($40). I travelled to Piccadilly Circus in the heart of London to spend a night in a newly opened capsule hotel, after two of my colleagues who live outside the city recommended staying there. Zedwell Capsule Hotel, a brand owned by Criterion Capital, opened in September and offers nearly 1,000 capsules measuring…

Median rent by apartment size  Bedrooms  Median Rent 0-1  $1,650 2 $1,920 3+ $2,199 Source: Redfin, data as of August 2025. Regional Variation  In general, rents remain highest in larger cities and lower in smaller metropolitan areas and rural counties. In August 2025, New York City posted a median monthly asking rent of $3,397. When you expand the search to the larger metro area, metro New York also commands one of the highest median asking rents. More affordable metros include Louisville ($1,297 median) and St. Louis ($1,413 median). Smaller Midwestern/Southern markets show a high share of $1,000-and-under listings. For example,…

Traders will get some time off this week with the Christmas holiday ahead, though there is some economic data to watch for in the days to come. Markets will be closed Thursday and will wrap up early the day before. Stock markets will close at 1 p.m. EST on Wednesday, while bond markets close at 2 p.m. EST. Investors will still have a handful of economic reports to follow, including a first look at third-quarter gross domestic product (GDP). Read to the bottom for our calendar of key events—and one more thing. GDP, Consumer Confidence Data Highlight Holiday-Shortened Week A…

Key Takeaways President Donald Trump could boost global economic growth by 0.5 percentage points if he negotiated away his “Liberation Day” tariffs by striking free trade deals with other countries, an analysis found.There’s no indication that tariffs will suddenly be removed, but the paper highlighted the extreme impact they’ve had on the global economy.U.S. consumers would see lower inflation in the coming years if the tariffs went away, the analysis found. President Donald Trump could invigorate the global economy and stamp out inflation quickly. All it would take would be scrapping his signature economic policy.That’s according to an analysis this…