Latest in Home insurance costs soaring as climate related events surge, Treasury Department says
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Home insurance costs soaring as climate-related events surge, Treasury Department says
During the period, costs for policies across all categories rose 8.7% faster than the rate of inflation.CNBC - 8h -
Justice Department says Alabama institutionalizes too many children with disabilities
The U.S. Justice Department says Alabama is unnecessarily institutionalizing children with physical disabilities in nursing homes and hospitalsABC News - 18h -
Extreme weather like California wildfires has increased homeowners’ insurance costs. Now we know how much extra they’re paying.
A new Treasury Department analysis looks at how climate-related disasters affected 246 million insurance policies.MarketWatch - 13h -
Nvidia supplier Taiwan Semi reports profit surge. AI capacity is ‘very tight,’ CEO says.
Taiwan Semiconductor Manufacturing Co. on Thursday reported a stronger-than-expected profit and said artificial intelligence demand will help offset a typically weak period for smartphone sales.MarketWatch - 1d -
Mavs say non-call on apparent goaltend cost them
Mavericks coach Jason Kidd said the refs "clearly" missed a goaltending call on Spencer Dinwiddie's layup for the lead in the closing seconds of Wednesday's loss to the Pelicans.ESPN - 1d -
Trump energy chief pick says linking wildfires to climate crisis is ‘hype’
Democrats criticize Chris Wright’s comments during US Senate confirmation hearing for energy secretary nominee. Donald Trump’s nominee for energy secretary, Chris Wright, is facing criticism for ...The Guardian - 1d -
Treasury Says Pandemic Spending Saved Jobs
Treasury Secretary Janet Yellen said the Biden administration’s stimulus checks reduced major downside risks.Inc. - 2d -
Pam Bondi claims justice department ‘targeted’ Trump but says she won’t pursue ‘political’ prosecutions – US politics live
Bondi facing senators as Kristi Noem, Marco Rubio and CIA pick John Ratcliffe also face confirmation hearings. Trump’s attorney general faces scrutiny at Senate hearing Who is Pam Bondi, ...The Guardian - 2d -
Climate ‘whiplash’ events increasing exponentially around world
Global heating means atmosphere can drive both extreme droughts and floods with rapid switches. Climate “whiplash” between extremely wet and dry conditions, which spurred catastrophic fires in Los ...The Guardian - 2d -
Trump's Canada and Greenland Threats Imperil China Fight, Says Departing Envoy
Nicholas Burns, the U.S. ambassador to China, also said he was leaving his post with deep concerns about the future of relations with China.The Wall Street Journal - 2d -
Families dropped by insurance struggle after losing homes in California fires
More than 100,000 homeowners in the Los Angeles area were dropped by their insurance companies before the recent wildfires broke out. Elizabeth Cook shares the story of families now struggling to ...CBS News - 2d -
Air Traffic Growth Forecasts Clash With Climate Goals, Study Says
Airline passenger counts will more than double within 25 years, and more flights will mean more global carbon emissions, an advocacy group warned at a major industry conference.Inc. - 4d -
Dementia Cases in the U.S. Will Surge in the Coming Decades, Researchers Say
By 2060, new dementia cases per year could double to one million because of the growing population of older Americans, a study predicts.The New York Times - 4d -
LA fires a warning for major sports events, experts say
The devastating fires in Los Angeles come before the city hosts the Olympics and World Cup over the next few years.BBC News - 4d -
FEMA administrator says weather events ‘do not discriminate’ on politics
FEMA Administrator Deanne Criswell said on Sunday that it’s important for weather events, like the California wildfires, not to become political. In an interview on CNN’s “State of the Union,” ...The Hill - 5d -
Malaysia expects surge of Chinese investment, economy minister says
Rafizi Ramli suggests semiconductor and tech sectors are seeking to avoid exposure to possible Trump tariffsFinancial Times - 5d -
Jack Smith has resigned as special counsel, Justice Department says in court filing
Jack Smith, who led the Jan. 6 and classified documents probes into Donald Trump, has formally resigned as special counsel.ABC News - 5d -
LA fire chief says city failed department amid ongoing Southern California wildfires
Los Angeles Fire Department (LAFD) Chief Kristin Crowley said during an interview Friday that the city failed the department amid the ongoing wildfires in Southern California that have taken at ...The Hill - 6d -
Walgreens shares soar 27% on big earnings beat, as drugstore chain cuts costs
Walgreens maintained its fiscal 2025 adjusted earnings guidance, but did not include a sales outlook in its release.CNBC - Jan. 10 -
How much does it cost to insure 1-ounce gold bars in 2025?
Planning to add 1-ounce gold bars to your portfolio? here's what you could pay to insure them this year.CBS News - Jan. 10 -
Fire home insurance: What people in California should not do
If your home or business was damaged or destroyed in a wildfire, California Insurance Commissioner Richard Lara says don't sign anything right away.ABC News - Jan. 10 -
L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.
Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.MarketWatch - Jan. 10 -
Biden says feds will cover 100% of fire response costs in California
"I told the governor and local officials, spare no expense," President Biden said, calling the damage "catastrophic."CBS News - Jan. 9 -
BlackRock departs climate investment group
Asset management firm BlackRock is leaving a climate-focused investing group, the group confirmed. “We are disappointed to see any investor withdraw, but as a voluntary initiative, we respect any ...The Hill - Jan. 9 -
Medicare can now cover Eli Lilly's Zepbound for sleep apnea, Health Department agency says
It opens the door for broader coverage and access to Zepbound, which is not currently covered by Medicare and many other insurance plans for weight loss.CNBC - Jan. 9 -
Loss estimates, including health effects and rebuilding costs, surge.
As fires raged, the economic toll of the disaster climbed into the tens of billions of dollars, according to analyst estimates.The New York Times - Jan. 9 -
UK government seeks to soothe bond market nerves after borrowing costs soar
Treasury vows to stick to its fiscal rules and says gilt markets functioning ‘in an orderly way’Financial Times - Jan. 9 -
Britain is on the verge of a financial crisis. A key U.K. Treasury official says he can’t afford a Bloomberg subscription.
A top U.K. government official told Parliament he can’t afford a subscription to Bloomberg News.MarketWatch - Jan. 9 -
Bond market turmoil eases as Treasury minister says ‘no need’ for government intervention – business live
Lib Dems say chancellor should stay and make emergency fiscal statement and also cancel planned national insurance hike. Reeves’ fiscal rules non-negotiable in face of bond sell-off, deputy ...The Guardian - Jan. 9 -
Affordable Care Act enrollments surge as Biden's term nears end, White House says
"That means that enrollment has nearly doubled since I took office," President Joe Biden said in a statement.ABC News - Jan. 8 -
Heads say they face tough choices on school spending as costs rise
A new report says schools in England may have to make cuts to meet pupils' needs and cover pay rises.BBC News - Jan. 8 -
Faisal Islam: Soaring UK borrowing costs are a problem for Rachel Reeves
The Chancellor may face the prospect of breaking her own Budget rulesBBC News - Jan. 7 -
World’s climate fight needs fundamental reform, UN expert says: ‘Some states are not acting in good faith’
Special rapporteur Elisa Morgera criticizes ‘ineffective’ status quo and says focus must be on ‘deep, systemic inequalities’. The international effort to avert climate catastrophe has become mired ...The Guardian - Jan. 7 -
CISA says 'no indication' other agencies impacted by Treasury hack
The Cybersecurity and Infrastructure Security Agency (CISA) said Monday that there is “no indication” other federal agencies were impacted by the recent breach at the Treasury Department. The ...The Hill - Jan. 6 -
Departing Senate Environment Chair Carper pledges to 'never retire,' keep fighting climate change
Newly former Senate Environment and Public Works Committee Chair Tom Carper (D-Del.) may be departing Congress, but he told The Hill he’ll “never retire” and plans to continue working on ...The Hill - Jan. 5 -
UK-EU youth mobility scheme key to better EU relations, says top diplomat
Germany’s ambassador to UK suggests Starmer will have to agree concessions in order to secure economic benefits. Keir Starmer’s effort to reset Britain’s relations with its European allies is ...The Guardian - Jan. 5 -
Will ‘pet tech’ products appeal as cost of animal ownership soars?
Accessories include doggy sunglasses and feline ‘Fitbits’ — but there’s a contradiction at the heart of the petcare boomFinancial Times - Jan. 4 -
5 ways seniors can lower their long-term care insurance costs in 2025
With these strategies, you can save on long-term care insurance costs while maintaining the coverage you need.CBS News - Jan. 3 -
Teens shot, injured outside NYC event space, police says
A group of teens huddled outside the Amazura Concert Hall in Jamaica, Queens, were shot at and some were injured, officials say. CBS News New York's Christina Fan has the latest confirmed details.CBS News - Jan. 2