U.S.
SVB Failed From Mismanagement, Not Loose Regulations: FDIC
Management failures, not loose regulations, prompted Silicon Valley Bank's sudden failure last month, a top Federal Deposit Insurance Corporation (FDIC) official said on Wednesday. "Mismanagement of ...
Buffett Says People Shouldn’t Worry About Berkshire, Banks
Billionaire Warren Buffett assured investors Wednesday that Berkshire Hathaway will be fine when he's no longer around to lead the conglomerate. Buffett said shareholders shouldn't worry about the ...
U.S. Proposes 56% Vehicle Emissions Cut by 2032, Requiring Big EV Jump
The U.S. Environmental Protection Agency (EPA) on Wednesday proposed sweeping emissions cuts for new cars and trucks through 2032, a move it says could mean two out of every three new vehicles ...
AI ‘Trustworthiness’ Is Focal Point of New Government Inquiry
A U.S. Commerce Department agency is opening an inquiry into how companies and regulators can ensure that artificial intelligence systems are trustworthy, legal and ethical. The probe by the National ...
Mother Sues Maine School Over Keeping Teen’s Gender Transition Private
A Maine woman is suing a school district whose counselor encouraged her teen's social gender transition, providing a chest binder and using a new name and pronouns, without consulting parents. It's ...
Regulators Say Railroads Must Examine How They Build Trains
Federal regulators said Friday that railroads need to re-examine how they assemble their trains after a string of derailments in recent years that were at least partly caused by the way empty and ...
Catastrophe Losses Drive 2021 U.S. P/C Insurer Impairments: AM Best
Seventeen U.S. property/casualty insurance companies became impaired in 2021, with seven of the impairments driven by catastrophe losses from hurricanes, primarily in Louisiana and Florida, according ...
U.S. States Consider Ban on Cosmetics With ‘Forever Chemicals’
A growing number of state legislatures are considering bans on cosmetics and other consumer products that contain a group of synthetic, potentially harmful chemicals known as PFAS. In Vermont, the ...