The US insurance industry faces a mounting crisis as hailstorms, fueled by climate change, increase in severity and frequency. Said Ahmad, a Denver roofing business owner, notes that […]
Economy
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Palantir CEO Alex Karp made nearly $2 billion from selling company stock last year—mostly around the presidential election
Palantir CEO Alex Karp made nearly $2 billion from selling company stock last year, with most of the sales occurring around the time of the presidential election. This […]
Banks
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Musk Team’s Blitz on Consumer Financial Agency Unsettles Trump Allies
Since its establishment in 2011, the Consumer Financial Protection Bureau (CFPB) has faced criticism from powerful opponents, becoming an early target in Elon Musk’s overhaul of the U.S. […]
Technology
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What we know about the $1.5 billion Bybit crypto hack
The Bybit cryptocurrency exchange confirmed it was hacked on Friday, resulting in an estimated loss of $1.5 billion, potentially marking it as the largest crypto hack in history. […]
Technology
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Is Nvidia Stock a Buy, Sell, or Hold in 2025?
Nvidia’s shares have risen less than 3% year to date, signaling a slowdown in its rally. Investors are cautious due to unprofitable generative AI software and cheaper open-source […]
Economy
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Berkshire Hathaway’s operating earnings surge 71% with record cash pile
Warren Buffett’s Berkshire Hathaway reported a 71% increase in operating earnings for the fourth quarter, reaching a record $14.5 billion. Operating profit for 2024 rose 27% to $47.4 […]
Economy
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Warren Buffett offers Donald Trump some advice while celebrating Berkshire Hathaway’s success
OMAHA, Neb. (AP) — Warren Buffett, in his annual letter to shareholders, celebrated the successes of Berkshire Hathaway’s companies over the past year and since he took over […]
Markets
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Analysts Remain Bullish on Nvidia Ahead of Earnings Report
Nvidia (NVDA) is scheduled to release its fourth-quarter earnings after the market closes on Wednesday, with analysts maintaining a predominantly bullish stance on the AI chipmaker’s stock. According […]
Economy
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Fintech Founder Charlie Javice’s Criminal Trial Begins Amid Allegations of Fraud
The criminal trial of fintech startup founder Charlie Javice commenced on Friday, as lawyers presented their opening arguments, according to a Reuters report. The case stems from a […]
Technology
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Tech bros back in China’s official spotlight as Jack Ma meets Xi
Jack Ma, Alibaba Group’s founder, recently attended a symposium with Chinese President Xi Jinping, signaling Beijing’s focus on leveraging innovative technologies for economic growth. Following the cancellation of […]