Latest in Swiss Re expects L.A. wildfires to cost the global insurance industry $40 billion, making them the costliest U.S. fires ever
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Swiss Re expects L.A. wildfires to cost the global insurance industry $40 billion, making them the costliest U.S. fires ever
Swiss Re said that its losses from the Los Angeles wildfires would come in under $700 million and that it had no plans to “pull back” from California.MarketWatch - 8h -
Munich Re announces buybacks even after saying it expects $1.2 billion in claims from California fires
Shares of Munich Re climbed on Wednesday after the German reinsurer stuck to its outlook, despite announcing hefty expected claims from California wildfires.MarketWatch - 1d -
California governor asks Congress for nearly $40 billion for LA wildfire relief
California Gov. Gavin Newsom has asked Congress to approve nearly $40 billion in aid to help the Los Angeles area recover from January’s devastating wildfiresABC News - 4d -
Newsom requests nearly $40 billion in disaster aid following Los Angeles wildfires
California Gov. Gavin Newsom (D) sent a letter to members of Congress requesting nearly $40 billion in funding to rebuild communities after wildfires devastated the Pacific Palisades and Altadena ...The Hill - 4d -
California Gov. Gavin Newsom asks Congress for nearly $40 billion for Los Angeles wildfire relief
SACRAMENTO, Calif. — California Gov. Gavin Newsom has asked Congress to approve nearly $40 billion in aid to help the Los Angeles area recover from January’s devastating wildfires, which he said ...NBC News - 4d -
Bad DOGE: Firing IRS workers will fuel tax cheating and cost billions
Cutting IRS jobs may sound appealing to some, but the long-term consequences could be disastrous.The Hill - 2d -
L.A. fire victims face a dilemma: Sell their burned-down homes at a loss, or pay a staggering cost to rebuild?
Homeowners have been warned not to take lowball offers — but what is a reasonable price for a fire-damaged lot in one of the country’s most expensive real-estate markets?MarketWatch - 5d -
FireAid distributes first $50 million to L.A. wildfire relief groups
These grants coming from the massive benefit concert in January will prioritize immediate recovery services for displaced residents, workers, small-business owners and first responders.Los Angeles Times - Feb. 18 -
A look at the effort to save historic tiles from the L.A. wildfires
A group has banded together to try to preserve antique tiles amid the devastation in Altadena from the L.A. wildfires. CBS Los Angeles' Alys Martinez has the story behind Save the Tiles.CBS News - 3d -
L.A. County has cut homelessness, but wildfires threaten to erase gains
As Los Angeles looks to recover from historic wildfires, previously unsheltered and chronically homeless people are facing even greater instability.CBS News - 2d -
Forest Service firings could impact wildfire preparedness
As wildfires nationwide grow fiercer and more frequent, the Trump administration's job cuts at the U.S. Forest Service are worrying experts. Kelly Martin, former chief of fire and aviation ...CBS News - 23h -
PBM industry makes case ahead of House hearing
Click in for more news from The Hill {beacon} Health Care Health Care The Big Story Industry makes case for PBMs ahead of Capitol Hill hearing A measure to change how the pharmacy benefit ...The Hill - 1d -
Nearly 40% of contracts canceled by Doge are expected to produce no savings – live
Almost 40% of federal contracts canceled as part of Doge’s cost-cutting efforts aren’t expected to save government any money, Trump administration’s own data shows. It’s coming down to the wire for ...The Guardian - 2d -
Egg prices expected to rise more than 40 percent in 2025: USDA
Tired of soaring egg prices? Don't expect relief anytime soon, according to a new USDA forecast.The Hill - 1d -
Bieber, Carell skate in benefit game for L.A. fires
Musician Justin Bieber was among a host of celebrities who laced up their skates, along with Hockey Hall of Famer Mark Messier, on Sunday afternoon to support relief funds for the Los Angeles fires ...ESPN - 3d -
$1.4 Billion Stolen From ByBit in Biggest Crypto Theft Ever
Plus: Apple turns off end-to-end encrypted iCloud backups in the UK after pressure to install a backdoor, and two spyware apps expose victim data—and the identities of people who installed the apps.Wired - 5d -
Apple announces $500 billion investment in U.S.
Apple has announced a $500 billion investment in the U.S. over the next four years. The company also said it will hire 20,000 additional workers in the U.S. CBS MoneyWatch Correspondent Kelly ...CBS News - 3d -
Los Angeles removes fire chief in wake of massive wildfires
Los Angeles Fire Chef Kristin Crowley has been removed from her position by Mayor Karen Bass after wildfires that killed dozens and destroyed hundreds of homes.ABC News - 5d -
LA mayor removes fire chief amid tensions over deadly wildfires
Los Angeles Mayor Karen Bass (D) has removed the city’s fire chief, Kristin Crowley, amid ongoing tensions over the handling of and response to the region's deadly January wildfires. Crowley was ...The Hill - 6d -
Los Angeles Mayor removes fire chief over wildfires handling
Los Angeles Mayor Karen Bass has removed Los Angeles Fire Chief Kristin Crowley and alleged that her response to the wildfires that devoured parts of Los Angeles County was mishandled. CBS News' ...CBS News - 6d -
U.S. inspired in defeat: 'We expect to win now'
There was no sulking following Team USA's 4 Nations Face-Off defeat, with several players saying the team's performance proved the U.S. has arrived.ESPN - 6d -
Alibaba makes AI video generation model free to use globally
Open-source AI tech has been thrown into the spotlight since Chinese firm DeepSeek rattled global markets in January.CNBC - 1d -
Airbus Says U.S. Tariffs Would Be ‘Lose-Lose’ for Airline Industry
The European airline maker, which is Boeing’s chief rival, said it would adapt to any new tariffs, including passing on costs to its customers.The New York Times - Feb. 20 -
Leadership shake-up and backlash follow L.A.'s fire response failures
Mayor Karen Bass fires LAFD Chief Kristin Crowley over delayed fire response, but scrutiny turns to City Hall as officials question who is truly accountable for the Pacific Palisades fire fallout.CBS News - 2d -
Lower mortgage rates may tempt home buyers. But these fast-rising phantom costs could sneak up on them.
Mortgage rates are down to a nearly three-month low. But if you’re thinking of buying a home, beware of these hidden costs.MarketWatch - 6d -
Creative industries are among the UK’s crown jewels – and AI is out to steal them | John Naughton
The tech firms’ efforts to change copyright laws and gain free access to intellectual property is patently wrong. There are decades when nothing happens (as Lenin is – wrongly – supposed to have ...The Guardian - 5d -
Let them eat fruit: Manchester United close staff canteen in latest cost-cutting
Sir Jim Ratcliffe also trims food offering at training base CEO apologises over U-turn on further redundancies Sir Jim Ratcliffe will close the staff canteen at Old Trafford and replace the free ...The Guardian - 3d -
Crypto exchange Bybit suffers $1.4 billion hack. Here’s why it’s troubling for the industry.
The hack of Bybit is the latest incident in which the crypto industry has been targeted.MarketWatch - 6d -
Musk’s cost-cutting drive quietly deletes billions in claimed savings from website
‘Wall of receipts’ drops five largest savings claimed by ‘department of government efficiency’ after debunking. US politics live – latest updates When Elon Musk ’s cost-cutting drive, the ...The Guardian - 1d -
Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist
Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what’s estimated to be the largest crypto heist in history.NBC News - 6d -
Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist
Bybit, a major cryptocurrency exchange, has been hit by the largest crypto heist in history.CNBC - 5d -
This Decision Coach Charges $247 to Make Other People’s Decisions for Them. Here Are 5 of Her Best Decision-Making Secrets
People pay good money for Nell Wulfhart to make decisions for them. You can use some of her most powerful decision-making tricks for free.Inc. - 13h -
Popular momentum trades like Palantir and AppLovin are unraveling. Don’t expect them to bounce right back.
Momentum stocks popular with the retail crowd continued to slide on Tuesday, adding to their woes from the past week.MarketWatch - 2d -
Apple says it will invest $500 billion in U.S. over next 4 years
Apple's plans include building a new manufacturing plant to produce Apple Intelligence servers in Texas.CBS News - 3d -
Apple Will Invest $500 Billion in U.S.—and Create 20,000 Jobs
Investments will include a giant factory in Texas.Inc. - 3d -
Apple Plans to Invest $500 Billion in U.S. as Trump Tariffs Loom
The company pledged the multibillion-dollar investment over the next four years and said it would create 20,000 jobs. The Texas facility is set to open in 2026.The New York Times - 3d -
Eli Lilly plans at least $27 billion in new U.S. manufacturing investments
It comes as companies work to build goodwill with Trump, who has emphasized reshoring manufacturing to the U.S. and reducing reliance on foreign supply chains.CNBC - 1d -
Thousands of IRS employees expected to be fired by Trump administration this week
One month into Trump's new administration, the president is continuing with his efforts to reshape the federal government. More than 6,000 IRS employees are expected to be fired by the end of the ...CBS News - 6d -
Chiefs GM expects 'fired up' Kelce to play in '25
Chiefs general manager Brett Veach said Tuesday that he expects Travis Kelce to play in 2025 after his most recent conversation with the star tight end.ESPN - 2d -
LA mayor Karen Bass removes fire chief after public rift over wildfire response
Kristen Crowley dismissed after blaming city’s budget cuts, while mayor claimed firefighters weren’t properly deployed. Six weeks after the most destructive wildfire in city history, Los Angeles ...The Guardian - 6d