In the worst year for stocks since the Great Recession, several big names are headed for their worst year on record with just one trading day left in 2022. The S&P 500 index SPX, +1.75% and Dow Jones Industrial Average DJIA, +1.05% are both headed for their worst year since 2008, with declines of 20.6% … Read more
Want to make the most of the money you’ve saved for retirement, or would you like to maximize your benefits? There are plenty of insightful books to shed light or provide alternative perspectives on all aspects of this next chapter in life. Retirement Tip of the Week: In preparation for the new year, and all … Read more
CNN — A bottleneck is building across an important trading route for oil, which if left unresolved could knock global supply and boost prices at a fragile moment for energy markets. As of Thursday, sixteen oil tankers traveling south from the Black Sea were waiting to cross the Bosphorus strait into the Sea of Marmara, … Read more
Restaurant and trade groups said they have submitted enough voter signatures for a ballot measure to try to halt the implementation of a new California law that would set minimum hourly wages for fast-food workers in the state starting next year. A coalition of restaurant owners and business groups called Save Local Restaurants said Monday … Read more
Hertz Global Holdings Inc. said it would pay about $168 million to settle 364 pending claims related to vehicle-theft reporting, some instances of which have allegedly led customers to face wrongful arrest for car theft. The hundreds of settlements resolve more than 95% of outstanding claims, Hertz said. The company said it doesn’t expect the … Read more
Gov. Kathy Hochul has begun to sign-or-veto hundreds of bills she left until after the election, yet two she’s yet to act on are no-brainers: vetoing a costly expansion of the state’s wrongful-death law and restoring the comptroller’s role in vetting contracts in advance. Before Thanksgiving, Hochul vetoed dozens of bills (many of them efforts … Read more
At the heart of this unusual court case sits a billionaire, five paintings worth $410 million that hung in an East Hamptons estate, and one of the “existential questions of art insurance,” per the New York Times: “What exactly constitutes damage and how can it be measured?” Ron Perelman contends damage was done to … Read more
CNN — Former Vice President Mike Pence wrote in his new memoir that former President Donald Trump warned him days before the January 6, 2021, attack on the US Capitol that he would inspire the hatred of hundreds of thousands of people because he was “too honest” to attempt to overturn the results of the … Read more
Brisbane, Australia CNN — Cyber criminals in Russia are behind a ransomware attack on one of Australia’s largest private health insurers that’s seen sensitive personal data published to the dark web, the Australian Federal Police (AFP) said Friday. In a short press conference, AFP Commissioner Reece Kershaw told reporters investigators know the identity of the … Read more
A growing number of Victorians are finding it more difficult to insure their homes after widespread flooding in the state, despite not living in at-risk areas. Key points: Communities struggle to get insurance despite not being affected by floods “Red lining” is when an insurer stops offering insurance to whole postcodes There are calls for the government to … Read more