In this article A Follow your favorite stocksCREATE FREE ACCOUNT Chubb CEO Evan Greenberg Scott Mlyn | CNBC California is a tough market for insurers — and growing more so, according to Chubb CEO Evan Greenberg. The executive has long proclaimed that Chubb won’t write insurance where it can’t get a reasonable return for taking
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Bank of Canada governor Tiff Macklem said the central bank’s projections showed US tariffs would probably put Canada into a recession. BoC modelling, based on a scenario in which the US imposes permanent 25 per cent tariffs on every one of its trading partners and those nations respond in kind, shows a likely 2 per
“The outlook revision reflects our view of the heightened potential for future costs, liabilities, and potential litigation that these utilities face in light of the recent Los Angeles County wildfires,” S&P GloBloomberg News Two power utilities in Los Angeles County received negative rating outlooks as the fallout from the region’s January wildfires continues. S&P Global
Marcelo Vieira, MSRB’s senior director, research and market transparency. Municipal Securities Rulemaking Board Chair Warren “Bo” Daniels urged issuers to provide feedback as the MSRB conducts beta testing for the newly redesigned Electronic Municipal Market Access (EMMA) website that it plans to launch by the end of this year. Issuers “are super important to us,”
A judge imposed a temporary stay on the Trump administration’s directive to pause all federal funding just minutes before the pause was set to take effect. A federal judge in the District of Columbia Tuesday blocked for a few days the Trump administration’s order late Monday to freeze the disbursement of federal funds that stunned
Ramirez promoted Patty McGrorry to head of underwriting and Lorry Palacios to co-head of public finance. Ramirez & Co. promoted two investment bankers to senior management. Patty McGrorry, managing director, was promoted to head of underwriting. Lorry Palacios, senior managing director, was promoted to co-head of public finance. The two have worked at Ramirez for
close video FOX Business Flash top headlines for January 27 Check out what’s clicking on FoxBusiness.com. President Donald Trump on Tuesday said he has tasked his new Department of Government Efficiency head, SpaceX CEO Elon Musk, with bringing home two astronauts who he said have been "abandoned" by the Biden administration. Butch Wilmore and Suni
After starting the week with a red Monday, Bitcoin (BTC) has recovered the $100,000 zone, registering a 4% recovery from yesterdays lows. Following its recovery, some crypto analysts suggested that BTC could be getting ready for a February pump. On Monday, the crypto market suffered a shakeout generated by the broader sell-off ignited by DeepSeeks
Ethereum is experiencing a gradual recovery as its price climbs above $3,100. This marks a 2.3% increase over the past day. However, the asset remains in a state of overall decline, down 3.3% over the week. While this modest rebound offers some relief, Ethereum is still grappling with the effects of an overall bearish trend.
Starbucks tested out panic buttons at five locations to protect baristas during unsafe situations, the company says. The java giant has instituted a new set of store rules under freshly minted CEO Brian Niccol targeting patrons who have spent an inordinate amount of time on laptops or people who are lounging around without making a purchase, according to
The United States Navy has officially banned its members from using DeepSeek an artificial intelligence chatbot created in China out of fear the Chinese government could exploit sensitive data, according to a report. In an email to members of the military branch, the Navy banned the use of DeepSeek AI in any capacity for fear
Honda will recall 294,612 vehicles in the US to fix an issue that may cause engines to stall or suffer a loss of power, the National Highway Traffic Safety Administration said on Wednesday. The recall affects certain 2022-2025 Acura MDX Type-S, 2023-2025 Honda Pilot, and 2021-2025 Acura TLX Type-S vehicles. A software error in the
Minnesota Gov. Tim Walz’s $887 million state bonding plan includes $10 million for removal of the Rapidan Dam after its partial failure in 2024.Office of Gov. Tim Walz Minnesota Gov. Tim Walz and North Dakota Gov. Kelly Armstrong have both proposed hundreds of millions in bonding as the Midwest’s governors begin rolling out state budget
A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. Patrick T. Fallon | AFP | Getty Images Mortgage rates didn’t move last week, but demand for new home loans continued to weaken. Both home buyers and current homeowners are hampered by today’s higher interest
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ASML, the chip manufacturing equipment maker, said orders for its most advanced machines surged last quarter, suggesting producers of artificial intelligence processors were increasing capacity before China’s DeepSeek this week triggered a panic over future
Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. UK ministers are drawing up plans to subsidise electric car purchases by guaranteeing consumer loans, as they look at ways to drive up sales that remain stubbornly below official targets. The government has opened private
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. A frantic sell-off of energy and infrastructure shares this week after advances in artificial intelligence by Chinese start-up DeepSeek shows how little is understood about the power demands of AI, the International Energy Agency has
The Office of Budget and Management has ordered federal agencies to pause the disbursement of federal funds while it determines whether the funding compliance with a raft of executive orders signed by President Donald Trump. Al Drago/Bloomberg The White House Tuesday sought to mollify concerns and confusion about a Monday night memo that appeared to
<img src=”https://public.flourish.studio/visualisation/21361104/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Tuesday ahead of the Federal Open Market Committee meeting as U.S. Treasury yields were little changed and equities ended up. This year may see higher levels of volatility due to the uncertainty about forthcoming policies from President Donald Trump’s administration, said BlackRock strategists. “An emphasis on
Sean Duffy, former Republican Representative from Wisconsin and Fox News host, easily won Senate confirmation as the next US secretary of the transportation. Kent Nishimura/Bloomberg The Senate Tuesday confirmed Sean Duffy, former U.S. Republican Representative from Wisconsin and Fox News host, as head of the U.S. Department of Transportation. Duffy was confirmed by a vote
Emily Brock, director of the federal liaison office of the GFOA. Donna Alberico The municipal market’s advocates are responding to the threat of canceling the tax exempt status off municipal bonds with a multi-pronged approach that includes Capitol Hill visits and a letter sent to both houses of Congress by the Government Finance Officers Association. “Elimination of the
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