Catastrophe losses double at Travelers as insurance industry, states hit by more severe events
Travelers, considered a bellwether for the insurance industry due to its size, said catastrophe losses doubled in its most recent quarter and the company swung to a loss as severe wind and hail storms in a number of regions led to rising coverage claims
2023-07-20 23:46
Public funding for King Charles III and royals has been recalculated due to windfarm deal profits
The U.K. Treasury says the amount of public funding for King Charles III and the royal family’s official duties has been recalculated for next year because of an unexpected profit boost from offshore wind farms on the monarch’s Crown Estate
2023-07-20 22:55
George Soros' Open Society Foundations plan to limit their grantmaking until February
Open Society Foundations said Wednesday that they plan to limit new grantmaking until February, as the nonprofits transition to a new operating model
2023-07-20 22:52
Your paycheck could clear faster now that the FedNow instant payment service for banks has launched
The Federal Reserve has launched a new instant payment service that allows banks and credit unions to sign up to send real-time payments so they can offer customers a quicker way to send money between banks
2023-07-20 22:51
Russia's Wagner mercenaries launch joint training with Belarusian military near Poland's border
Mercenaries from Russia’s military company Wagner have launched joint drills with the Belarusian military almost a month after their short-lived rebellion
2023-07-20 22:23
Home sales fell in June to the slowest pace since January, limited by near-historic low inventory
Sales of previously occupied U.S. homes fell in June to the slowest pace since January, as a near-historic low number of homes for sale and rising mortgage rates kept many would-be homebuyers on the sidelines
2023-07-20 22:23
American Airlines rides travel boom to $1.3 billion profit in the second quarter as fuel prices drop
American Airlines is reporting a $1.3 billion profit for the second quarter, continuing the run of strong results from the nation's airlines
2023-07-20 20:56
US jobless claims fall again as labor market continues to flash strength
Fewer Americans applied for unemployment benefits last week as the labor market continues to show fortitude in the face of higher interest rates
2023-07-20 20:54
Jury awards Florida girl burned by McDonald's Chicken McNugget $800,000 in damages
A South Florida jury awarded $800,000 in damages to a little girl who received second-degree burns when a hot Chicken McNugget fell on her leg as her mother pulled away from the drive-thru of a McDonald’s restaurant
2023-07-20 20:49
Tesla recalling nearly 16,000 of its 2021-2023 Model S and Model X vehicles due to seat belt issue
Tesla is recalling nearly 16,000 of its 2021-2023 Model S and Model X vehicles because some front-row seat belts may not have been reconnected properly following a repair
2023-07-20 20:48
Undue influence? Anonymous donations to World Health Organization's new foundation raise concerns
A private foundation launched in 2020 to help raise funds for the World Health Organization has reported that nearly 40% of its donations so far came from anonymous donors
2023-07-20 20:20
Turkey hikes interest rates in another sign of economic normalcy. But markets expected more
Turkey’s central bank has raised its key interest rate in another sign of commitment to a traditional path of battling inflation
2023-07-20 20:15