News
Extreme Weather Is Driving More U.S. Power Outages, Studies Show
For decades, residents of eastern Queens in New York City have complained that they're more likely to lose power when extreme weather hits, even as lights in other parts of the city stay on. A new ...
Buffett Praises Successors, Lauds Apple Despite Lowering Stake
Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its ...
Study Finds Just 52% of Last Decade’s Largest Carrier M&As Created Long-Term Value
The larger the merger and acquisition deal is, the less likely it will create long-term value, a new study has revealed. A first-of-its-kind study by ACORD, the standards-setting body for the global ...
Series of Public Events Along East Coast to Highlight Hurricane Awareness
With the the start of the 2024 Atlantic hurricane season less than a month away, NOAA and the U.S. Air Force Reserve will host a series of events to help communities along the Eastern seaboard ...
Uber, Lyft Gig Worker Status Hinges on Massachusetts Court Case
Massachusetts has become the latest front in a years-long battle in the United States over whether ride-share drivers for Uber and Lyft should be treated as independent contractors or employees ...
Insurer Chubb Readies $350M Payout Tied to Baltimore Bridge Collapse
Chubb, which had insured Baltimore's Francis Scott Key Bridge, is getting ready to pay $350 million to the state of Maryland, in what could be the first major payout tied to ...
Auto Insurance Price Inflation Overstated, Swiss Re Economists Say
The sticker shock that U.S. drivers feel when they see their auto insurance premiums jump is real—but it's not quite as bad as a major economic indicator suggests, according to Swiss Re economists. ...
Newspapers Sue OpenAI for Copyright Infringement Over AI Training
A group of newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft and OpenAI in New York federal court on Tuesday, accusing them of misusing ...
Allstate Tops Profit Estimates on Higher Premiums, Investment Returns
Insurer Allstate posted an upbeat first-quarter profit on Wednesday, helped by higher premiums and stronger investment returns.
Insurers usually see stable product demand ...