Markets
PIMCO Sued Over ‘Fraternity’ Culture by Minority Ex-Workers
Pacific Investment Management Co. now has both men and women suing over a "fraternity" culture that allegedly favors white males. Two men, a Black ex-employee and a former contractor who is Asian, ...
Buttigieg Sends $5B to Cities for Safety as Road Deaths Soar
With new data showing traffic deaths soaring, the Biden administration is steering $5 billion in federal aid to cities and localities to address the growing crisis by slowing down cars, carving out ...
Global Supply Stress Worsened in April, NY Fed’s Index Shows
Stress on global supply chains worsened in April as coronavirus lockdown measures in China and the war in Ukraine lengthened delivery times and air freight costs between the United States and Asia ...
U.S. Traffic Deaths Jump 10.5% in 2021 to Highest Number Since 2005
U.S. traffic deaths jumped 10.5 percent in 2021 to 42,915 — the highest number killed on American roads in a single year since 2005, according to a preliminary estimate from U.S. regulators. The ...
Businesses See Cyber Attacks as Biggest Threat – Ahead of Pandemic, Economy: Survey
Cyber attacks are now seen as the dominant risk for many businesses—ahead of the pandemic, economic downturn, skills shortages and other issues, according to a report published by Hiscox. For its ...
Where Property Insurance Buyers Are Headed: A Paradigm Shift
Rising commercial property insurance costs have gotten the attention of executives across a broad cross-section of corporate America. Aon, a leading broker of commercial insurance, reports that ...
Natural Disasters, Ukraine War Weigh on Q1 Results of Europe’s Major Reinsurers
Three out of four of the major European reinsurers reported their profits were negatively affected as a result of elevated natural catastrophe claims and a first round of claims reserves from the ...
4 Things Small Businesses Can Do to Protect Against Cyber Attacks
Since the beginning of the COVID-19 pandemic, small businesses have quickly adopted remote working and transitioned to new technologies, such as contactless payments and online ordering. ...