THE FISCAL DAILY Effective Date: April 1, 2026  |   Version 1.2

PLEASE READ CAREFULLY:  These Terms of Use constitute a legally binding agreement between you and The Fiscal Daily. By accessing or using this Platform in any manner, you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree, you must immediately cease all use of the Platform.

1.  DEFINITIONS AND INTERPRETATION

For the purposes of these Terms of Use, the following definitions shall apply:

1.1  Key Definitions

• “Platform” means the website, mobile application, newsletter, API, and all digital properties operated under the brand name The Fiscal Daily, including all sub-domains and affiliated microsites.
• “Content” means all text, articles, data, charts, infographics, audio, video, source code, AI-generated material, and any other information published, distributed, or made accessible through the Platform.
• “AI-Generated Content” means any Content that has been wholly or partially produced, drafted, summarised, or enhanced by artificial intelligence or machine-learning systems.
• “User” or “you” means any individual or entity that accesses, browses, registers on, or otherwise interacts with the Platform.
• “Account” means a registered profile created by a User to access premium or interactive features of the Platform.
• “The Fiscal Daily,” “we,” “us,” or “our” refers to The Fiscal Daily Online Journal and its respective owners, editors, officers, employees, agents, and licensors.
• “Subscription” means any paid or freemium tier of access to Content or features offered by The Fiscal Daily.
• “Prohibited Conduct” means any activity expressly restricted or forbidden under Section 7 of these Terms.
• “Third-Party Services” means external websites, tools, APIs, payment processors, social media platforms, or data providers linked to or integrated within the Platform.
• “Intellectual Property Rights” means all copyrights, trademarks, trade secrets, database rights, moral rights, design rights, patents, and all other proprietary rights, whether registered or unregistered.

1.2  Interpretation

References to the singular include the plural and vice versa. References to any statute or regulation include amendments thereto. Section headings are for convenience only and shall not affect interpretation. The word “including” means “including without limitation.”

2.  ACCEPTANCE OF TERMS AND ELIGIBILITY

2.1  Acceptance

By accessing the Platform — whether by visiting a web page, subscribing to a newsletter, creating an Account, or using any feature — you unconditionally accept these Terms. Continued use after any amendment constitutes acceptance of the revised Terms.

2.2  Eligibility

The Platform is intended for users who are at least 18 years of age. By using the Platform, you represent and warrant that you are 18 or older, possess the legal capacity to enter into binding contracts, and are not barred from receiving services under applicable law.

2.3  Business Users

If you access the Platform on behalf of a company, organisation, or other legal entity, you represent that you have the authority to bind that entity to these Terms, and references to “you” shall include that entity.

2.4  Amendments

We reserve the right to amend, update, or replace these Terms at any time. Material changes will be communicated via a notice on the Platform homepage or by email to registered users at least seven (7) days before taking effect. Your continued use constitutes acceptance.

3.  NATURE OF CONTENT AND AI-GENERATED CONTENT

3.1  General Content Disclaimer

All Content published on the Platform — whether authored by human journalists, editors, or AI systems — is provided for informational and educational purposes only. Nothing on the Platform constitutes financial advice, investment advice, tax advice, legal advice, accounting advice, or any other form of professional advice regulated by applicable law.

IMPORTANT:  The Fiscal Daily is an informational publication. No Content should be relied upon as the sole basis for any financial, investment, or economic decision. Always consult a qualified professional before taking any action based on Content you read here.

3.2  AI-Generated Content — Disclosure

The Fiscal Daily utilises artificial intelligence and machine-learning technologies to assist in the creation, summarisation, translation, editing, and curation of certain Content. AI-Generated Content may include, but is not limited to: automated market summaries, data-driven analysis, earnings roundups, macroeconomic briefings, and translated versions of original articles.

3.3  AI Content Labelling

We are committed to transparency. Content that is substantially or wholly AI-generated will be labelled with an “AI-Assisted” or “AI-Generated” tag or badge where practicable. However, content that undergoes significant human editorial review and revision prior to publication may not carry such a label even if AI tools were used at an early drafting stage.

3.4  Limitations of AI-Generated Content

AI-Generated Content may contain errors, inaccuracies, hallucinations, outdated data, or unverified claims. The Fiscal Daily makes reasonable editorial efforts to review AI-Generated Content; however, we cannot guarantee its completeness, accuracy, or currency. Users are encouraged to verify all material information before relying upon it.

3.5  No Liability for AI Errors

To the fullest extent permitted by applicable law, The Fiscal Daily shall not be liable for any loss or damage — direct, indirect, consequential, or otherwise — arising from reliance on AI-Generated Content. The use of AI tools does not create any advisory relationship between The Fiscal Daily and any User.

3.6  Third-Party AI Models

We may use AI models or APIs provided by third-party vendors (including but not limited to large language model providers). We do not represent or warrant the capabilities, accuracy, or fitness for purpose of such third-party AI systems. Third-party terms and privacy policies may also apply to data processed by such systems.

3.7  Feedback and Corrections

Users who identify factual errors, misleading statements, or concerns in AI-Generated Content are encouraged to report them via our editorial corrections portal at editors@thefiscaldaily.com. We will investigate all credible reports and issue corrections or clarifications where warranted.

4.  INTELLECTUAL PROPERTY RIGHTS

4.1  Ownership

All Content on the Platform, including all text, design, graphics, logos, databases, software, and AI-Generated Content, is owned by or licensed to The Fiscal Daily and is protected by copyright, trademark, database rights, and other applicable intellectual property laws.

4.2  Permitted Personal Use

Subject to these Terms, we grant you a limited, non-exclusive, non-transferable, revocable licence to access and use the Platform and its Content solely for your personal, non-commercial informational purposes. This licence does not include the right to reproduce, redistribute, sell, sublicense, or exploit any Content in any medium.

4.3  Restrictions

Without our prior written consent, you may not:

• reproduce, copy, republish, upload, post, transmit, or distribute any Content in any form or by any means;
• use any Content for commercial purposes, including training or fine-tuning artificial intelligence or machine-learning models;
• scrape, crawl, spider, data-mine, or otherwise extract Content by automated means, including through bots, scripts, or third-party tools;
• frame, mirror, or deep-link to the Platform or any Content without our express consent;
• remove, alter, or obscure any copyright, trademark, or other proprietary notices from the Content;
• use our trademarks, trade names, logos, or branding without prior written permission.

4.4  AI Training Prohibition

You expressly acknowledge and agree that using Content from the Platform — including AI-Generated Content — as training data, validation data, fine-tuning data, or any other input for building, improving, or evaluating artificial intelligence or machine-learning models is strictly prohibited without a separate written commercial licence from The Fiscal Daily.

4.5  User Contributions

If you submit comments, letters, tips, research, feedback, or other materials to the Platform (“User Contributions”), you grant The Fiscal Daily a worldwide, royalty-free, perpetual, irrevocable, sublicensable licence to use, reproduce, modify, adapt, publish, translate, and distribute such User Contributions in any media. You represent and warrant that you own or have sufficient rights in all User Contributions and that they do not infringe any third-party rights.

4.6  DMCA / Copyright Infringement Notices

If you believe that any Content on the Platform infringes your copyright, please send a notice compliant with applicable digital millennium or copyright notice procedures to: editor@thefiscaldaily.com. We will respond promptly to valid notices.

5.  ACCOUNTS, REGISTRATION, AND SUBSCRIPTIONS

5.1  Account Registration

Certain features of the Platform require registration. You agree to provide accurate, complete, and current information at registration and to keep such information updated. You are responsible for maintaining the confidentiality of your Account credentials and for all activities conducted through your Account.

5.2  Account Security

You must notify us immediately at editor@thefiscaldaily.com upon becoming aware of any unauthorised use of your Account or any other security breach. We shall not be liable for losses resulting from unauthorised use of your Account where you have failed to maintain adequate security or failed to notify us promptly.

5.3  Subscription Terms

Paid Subscriptions are governed by the pricing, billing cycle, and features disclosed at the time of purchase. Unless otherwise stated:

• Subscriptions auto-renew at the end of each billing period unless cancelled before the renewal date.
• Fees are non-refundable except as required by applicable consumer protection law or as expressly stated in our Refund Policy.
• We reserve the right to modify Subscription pricing with at least thirty (30) days’ notice to subscribers.
• Promotional or discounted rates are valid for the period stated and revert to standard pricing upon expiry.

5.4  Account Termination by You

You may close your Account at any time by following the account deletion process in your profile settings or by contacting us at editor@thefiscaldaily.com Closure of a paid Account mid-cycle does not entitle you to a pro-rata refund unless required by law.

5.5  Suspension or Termination by Us

We may suspend or terminate your Account immediately without notice if you breach these Terms, engage in Prohibited Conduct, fail to pay amounts due, or if we are required to do so by law. Upon termination, all licences granted to you under these Terms cease immediately.

6.  FINANCIAL INFORMATION AND INVESTMENT DISCLAIMER

6.1  Not Financial Advice

The Fiscal Daily is a journalistic and editorial publication. No Content — including market data, economic analysis, commentary, opinion pieces, forecasts, AI-generated summaries, or third-party research reproduced on the Platform — constitutes a personal recommendation, solicitation, offer, or invitation to buy, sell, or hold any financial instrument, security, or investment.

6.2  No Regulated Activity

The Fiscal Daily is not authorised or regulated by any financial regulatory authority (including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Financial Conduct Authority, or any equivalent body). We do not conduct any regulated financial activity.

6.3  Forward-Looking Statements

Content on the Platform may contain forward-looking statements, projections, or economic forecasts. Such statements are inherently uncertain, subject to significant risks and material changes, and should not be relied upon as predictions of future events or performance.

6.4  Market Data Accuracy

Market data, prices, rates, and indices displayed on the Platform are sourced from third-party providers and may be delayed, incomplete, or inaccurate. We do not guarantee the real-time accuracy, timeliness, or completeness of any market data.

6.5  Independent Verification

You are solely responsible for independently verifying any financial information and for conducting your own due diligence before making any investment or financial decision. The Fiscal Daily expressly disclaims any responsibility for decisions made based on Content published on the Platform.

7.  PROHIBITED CONDUCT

You agree that you will not, and will not attempt to, engage in any of the following:

7.1  Illegal Activity

• Use the Platform for any unlawful purpose, including market manipulation, fraud, money laundering, or disseminating false or misleading financial information.
• Violate any applicable local, national, or international law or regulation.

7.2  Harm to the Platform

• Interfere with, disrupt, or impair the integrity, performance, or security of the Platform or its underlying infrastructure.
• Introduce viruses, malware, ransomware, denial-of-service attacks, or any other harmful code.
• Attempt to gain unauthorised access to any portion of the Platform or its related systems.
• Reverse-engineer, decompile, or disassemble any software forming part of the Platform.

7.3  Content Misuse

• Systematically scrape, harvest, or extract Content for any purpose without our express prior written consent.
• Use Content to train, fine-tune, or improve AI or machine-learning models without a commercial licence.
• Reproduce or redistribute paywalled or premium Content without authorisation.
• Misrepresent yourself as The Fiscal Daily or create a false impression of affiliation with us.

7.4  Harmful Speech and Conduct

• Post or transmit content that is defamatory, obscene, harassing, threatening, discriminatory, or hateful.
• Engage in coordinated inauthentic behaviour, including the use of bots or fake accounts to manipulate engagement metrics.
• Spam other users or publish unsolicited commercial communications through any Platform feature.

8.  PRIVACY AND DATA PROTECTION

8.1  Privacy Policy

Your use of the Platform is also governed by our Privacy Policy, which is incorporated into these Terms by reference. The Privacy Policy explains how we collect, use, store, share, and protect your personal data.

8.2  Data Collection

We collect personal data including, but not limited to, name, email address, payment information, usage data, device identifiers, IP addresses, and behavioural analytics. Such data is collected when you register, subscribe, submit content, or interact with the Platform.

8.3  Cookies and Tracking

The Platform uses cookies, pixel tags, and similar tracking technologies to improve user experience, deliver relevant content, and analyse traffic. By continuing to use the Platform without adjusting your browser settings, you consent to our use of cookies as described in our Cookie Policy.

8.4  Third-Party Data Processors

We may share your personal data with trusted third-party service providers (including AI model providers, payment processors, analytics platforms, and cloud infrastructure operators) who process data on our behalf under data processing agreements. We do not sell your personal data to third parties for their independent marketing purposes.

8.5  Your Rights

Depending on your jurisdiction, you may have rights to access, rectify, erase, restrict processing of, or port your personal data. To exercise such rights, please contact editor@thefiscaldaily.com. We will respond to verified requests within the timeframes required by applicable law.

8.6  AI and Data Processing

When AI tools process your interactions, queries, or User Contributions, your data may be transmitted to third-party AI model providers. We take reasonable steps to anonymise or minimise such data where possible. By using AI-enabled features, you consent to this processing as described in our Privacy Policy.

8.7  Cross-Border Transfers

The Fiscal Daily operates globally. Your personal data may be transferred to, and processed in, countries outside your country of residence, including countries that may not provide the same level of data protection as your home jurisdiction. Where required, we implement appropriate safeguards such as standard contractual clauses.

9.  THIRD-PARTY LINKS, CONTENT, AND SERVICES

The Platform may contain links to, or integrate content from, third-party websites, data providers, social media platforms, and other external services (“Third-Party Services”). These links are provided for convenience and informational purposes only.

The Fiscal Daily does not endorse, control, or assume responsibility for the accuracy, legality, or content of any Third-Party Service. Your use of Third-Party Services is at your own risk and subject to those parties’ own terms and privacy policies.

We are not responsible for the availability, security, or practices of Third-Party Services. Where Third-Party Services provide market data, research, or analytics displayed on our Platform, we make no representation as to the accuracy or timeliness of such data.

10.  DISCLAIMERS OF WARRANTIES

DISCLAIMER:  THE PLATFORM AND ALL CONTENT ARE PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE FISCAL DAILY DISCLAIMS ALL WARRANTIES, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, AND ACCURACY.

Without limiting the foregoing, The Fiscal Daily makes no warranty that:

• the Platform will meet your requirements or be continuously available, uninterrupted, timely, secure, or error-free;
• the Content — including AI-Generated Content — will be accurate, complete, reliable, current, or free from errors or omissions;
• any defects in the Platform will be corrected; or
• the Platform or its servers are free from viruses or other harmful components.

11.  LIMITATION OF LIABILITY

11.1  Exclusion of Certain Damages

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL THE FISCAL DAILY, ITS OWNERS, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, LICENSORS, OR SERVICE PROVIDERS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES, INCLUDING LOSS OF PROFITS, LOSS OF DATA, LOSS OF GOODWILL, BUSINESS INTERRUPTION, OR COST OF SUBSTITUTE SERVICES, ARISING OUT OF OR IN CONNECTION WITH THESE TERMS OR YOUR USE OF THE PLATFORM.

11.2  Aggregate Liability Cap

To the extent any liability is not excluded under applicable law, our total aggregate liability to you in respect of all claims arising out of or related to these Terms shall not exceed the greater of (a) the amount paid by you for a Subscription in the twelve (12) months immediately preceding the claim, or (b) one hundred United States Dollars (USD 100).

11.3  AI-Related Liability

Without prejudice to the foregoing, The Fiscal Daily specifically excludes all liability for any inaccuracy, error, omission, hallucination, or misleading statement contained in or arising from AI-Generated Content, to the maximum extent permitted by law.

11.4  Essential Basis

You acknowledge that the limitations of liability in this Section reflect a fair allocation of risk, form an essential basis of the bargain between you and The Fiscal Daily, and would apply even if any remedy fails of its essential purpose.

11.5  Jurisdictional Variations

Some jurisdictions do not permit the exclusion or limitation of certain warranties or liabilities. In such jurisdictions, the exclusions and limitations above apply to the fullest extent permitted by law. Nothing in these Terms limits liability that cannot legally be limited, including liability for fraud or fraudulent misrepresentation.

12.  INDEMNIFICATION

You agree to indemnify, defend, and hold harmless The Fiscal Daily and its owners, officers, directors, employees, agents, licensors, and service providers from and against any and all claims, liabilities, damages, judgments, awards, losses, costs, and expenses (including reasonable legal fees) arising out of or relating to:

• your violation of these Terms or any applicable law;
• your User Contributions or any content you submit, post, or transmit through the Platform;
• your use of the Platform in a manner not authorised by these Terms;
• your infringement of any third-party intellectual property rights; or
• your negligence, wilful misconduct, or fraud.

We reserve the right, at your expense, to assume exclusive defence and control of any matter for which you are required to indemnify us. You agree to cooperate fully with our defence of such claims.

13.  EDITORIAL STANDARDS, CORRECTIONS, AND OPINION

13.1  Editorial Independence

The Fiscal Daily maintains editorial independence from its commercial, advertising, and technology partners. Our editorial decisions — including the commissioning, editing, publication, and removal of Content — are made solely by our editorial team based on journalistic criteria.

13.2  Opinion and Commentary

Content labelled as “Opinion,” “Analysis,” “Commentary,” or “Editorial” represents the views of the individual author or editor and does not constitute the institutional position of The Fiscal Daily. Such Content is intended to stimulate debate and should not be taken as statements of fact.

13.3  Corrections Policy

We are committed to accuracy. Where we become aware of a material factual error in any Content — human-authored or AI-generated — we will promptly publish a correction or clarification. We do not silently alter published articles; substantive changes are noted with an update timestamp and correction notice.

13.4  AI Content Review

All AI-Generated Content that relates to named individuals, companies, securities, or specific market events is subject to human editorial review before publication. We do not guarantee, however, that all errors will be caught before publication.

14.  ADVERTISING, SPONSORED CONTENT, AND CONFLICTS OF INTEREST

14.1  Advertising

The Fiscal Daily carries advertising from third-party advertisers. Advertisements are clearly identified as such. The presence of an advertisement does not constitute an endorsement of the advertiser’s products or services by The Fiscal Daily.

14.2  Sponsored Content

Sponsored or branded content produced in partnership with commercial entities is clearly labelled as “Sponsored,” “Partner Content,” or similar. The Fiscal Daily maintains editorial oversight over sponsored content to ensure accuracy and compliance with applicable advertising regulations.

14.3  Affiliate Links

Certain Content may contain affiliate links through which The Fiscal Daily earns a commission if you purchase a product or service. Such links are identified where required by applicable advertising disclosure regulations.

14.4  Conflicts of Interest

Our editorial and journalist staff are required to disclose material conflicts of interest. Staff members may not write about securities or companies in which they hold a direct financial interest without prior editorial approval and appropriate disclosure.

15.  PLATFORM AVAILABILITY AND MODIFICATIONS

The Fiscal Daily does not guarantee that the Platform will be available at all times. We may suspend, restrict, or discontinue any part of the Platform — including specific features, AI-powered tools, or paywalled content — at any time without notice, including for maintenance, security, legal compliance, or commercial reasons.

We reserve the right to modify, update, or discontinue the Platform (or any part thereof) at our sole discretion. We shall not be liable to you or any third party for any such modification, suspension, or discontinuation.

16.  GOVERNING LAW AND DISPUTE RESOLUTION

16.1  Governing Law

These Terms, and any non-contractual obligations arising out of or in connection with them, shall be governed by and construed in accordance with the laws of the State of Delaware, United States of America, without regard to its conflict of laws principles.

16.2  Informal Resolution

Before initiating any formal legal proceedings, you agree to contact us at editor@thefiscaldaily.com and attempt to resolve the dispute informally. We will endeavour to resolve the matter within thirty (30) days of receipt of your notice.

16.3  Binding Arbitration

Except for disputes related to the enforcement of intellectual property rights or claims that may be brought in small claims court, any dispute arising out of or relating to these Terms or the Platform that is not resolved informally shall be submitted to final and binding arbitration administered by the American Arbitration Association (“AAA”) under its Commercial Arbitration Rules. The arbitration shall take place in Delaware, USA, and shall be conducted in English. The arbitrator’s award shall be final and binding and may be entered as a judgment in any court of competent jurisdiction.

16.4  Class Action Waiver

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, YOU WAIVE YOUR RIGHT TO PARTICIPATE IN A CLASS ACTION LAWSUIT, CLASS-WIDE ARBITRATION, OR REPRESENTATIVE ACTION AGAINST THE FISCAL DAILY IN ANY FORUM.

16.5  EU and UK Users

Nothing in this Section removes any rights you have as a consumer under the mandatory consumer protection laws of the European Union or the United Kingdom. Where such laws apply and cannot be contracted out of, they shall prevail to the extent of any inconsistency with these Terms.

17.  ACCESSIBILITY

The Fiscal Daily is committed to making its Platform accessible to users with disabilities. We endeavour to comply with applicable accessibility standards, including the Web Content Accessibility Guidelines (WCAG) 2.1 Level AA, where technically feasible. If you experience any accessibility barriers, please contact us at accessibility@thefiscaldaily.com and we will make reasonable efforts to provide accessible alternatives.

18.  SEVERABILITY, WAIVER, AND ENTIRE AGREEMENT

18.1  Severability

If any provision of these Terms is held to be invalid, illegal, or unenforceable, that provision shall be modified to the minimum extent necessary to make it enforceable, or severed if modification is not possible. The remaining provisions shall continue in full force and effect.

18.2  Waiver

No failure or delay by The Fiscal Daily in exercising any right or remedy under these Terms shall constitute a waiver of that right or remedy. A waiver is only effective if given in writing and shall not apply to any subsequent breach.

18.3  Entire Agreement

These Terms, together with our Privacy Policy, Cookie Policy, and any applicable Subscription Agreement, constitute the entire agreement between you and The Fiscal Daily with respect to your use of the Platform and supersede all prior agreements, representations, and understandings.

18.4  Assignment

You may not assign or transfer your rights or obligations under these Terms without our prior written consent. The Fiscal Daily may assign or transfer its rights and obligations under these Terms to an affiliate, successor, or acquirer without your consent.

18.5  Force Majeure

The Fiscal Daily shall not be liable for any failure or delay in performance caused by circumstances beyond its reasonable control, including acts of God, natural disasters, pandemic, governmental action, cyberattacks, or failure of third-party infrastructure.

19.  CONTACT INFORMATION

For general enquiries, please contact us at:

General Enquiries	editor@thefiscaldaily.com
Legal & Copyright	editor@thefiscaldaily.com
Privacy & Data Rights	editor@thefiscaldaily.com
Editorial Corrections	editor@thefiscaldaily.com
Account Support	editor@thefiscaldaily.com
Security Issues	editor@thefiscaldaily.com
Accessibility	editor@thefiscaldaily.com

THE FISCAL DAILY Informed. Intelligent. Indispensible © 2026 The Fiscal Daily. All rights reserved. Last revised: April 1, 2026