Buying Home and Auto Insurance Used to Be Routine. It’s Becoming a Nightmare.
Listen to article(2 minutes)After Allstate suffered billions of dollars in losses and failed to get the rate increases it wanted,...
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New Breed of Supercomputer Aims for the Two Quintillion Mark
That’s two billion billion operations a second, enough to explore the brain and discover drugs. Source link
Companies Stall Climate Action Despite Earlier Promises
Cutting emissions is proving harder for larger companies to achieve than making commitments to cut those emissions. Source link
Car Prices Might Be Unsustainable for Buyers
Surging loan delinquencies signal that many consumers can’t afford their auto loans. Source link
Weeks of Extreme Heat Strain Small Businesses and Economy
July 15, 2023 12:01 am ETListen to article(2 minutes)Heat waves stretching across large parts of the globe are straining power...
AIG Buoyed by Higher Premiums on Business Insurance
The company’s core insurance operations produce their best first quarter in 15 years. Source link
Climate Rules Expose Surprising Splits Among Businesses
Regulators knew they were facing a political hornet’s nest when they launched a plan that would force businesses to disclose...
Fossil-Fuel Veterans Find Next Act With Green Hydrogen
Executives see similarities between the nascent industry and the early days of liquefied natural gas. Source link
Declines in Loan Values Are Widespread Among Banks
When Silicon Valley Bank collapsed last month, the core problem was a giant hole in its bond portfolio. When depositors...
EY’s U.S. Auditors Are Demanding Concessions in Split
Ernst & Young’s renegade U.S. auditors want the new audit-focused firm to have more of EY’s lucrative tax practice, threatening...
Bankrupt Crypto Exchange FTX Probing Unauthorized Transactions
MarketsCurrenciesCryptocurrencyMore than $370 million worth of crypto funds appears to be missing, according to risk-management firm Elliptic Source link
Prudential Suffers Big Loss on Rising Rates
Rising interest rates and volatile stock markets battered insurer Prudential in the third quarter, while AIG was stung by claims from...
Hurricane Ian Is Latest Blow to Florida’s Struggling Home Insurers
Hurricane Ian will be a serious test of Florida’s unusual home-insurance market, where dozens of small to midsize carriers and...
WSJ News Exclusive | Accounting Firm EY Grapples With Partner Pay, Bear Market in Breakup
Ernst & Young’s leaders, trying to persuade partners to split up the firm, said windfalls would be spread evenly, but...
WSJ News Exclusive | Business Losses From Russia Top $59 Billion as Sanctions Hit
Global companies have racked up more than $59 billion in losses from their Russian operations, with more financial pain to...
