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Hurricane Milton’s insured losses could reach $50 billion, says Verisk
Data and technology company Verisk Analytics Inc. VRSK said Wednesday it estimates the insured losses to onshore property from Hurricane Milton could range from $30 billion to $50 billion.Business - MarketWatch - October 16 -
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Federal Government Approves $1.8 Billion in Hurricane Recovery Funds
After two major storms, the Biden administration has set nearly $2 billion in hurricane recovery funds.Business - Inc. - October 16 -
Helene, Milton losses expected to surpass "truly historic" $50 billion each
Hurricanes Helene and Milton caused so much complex havoc that damages totals are likely join the infamous ranks of Katrina, Sandy and Harvey as super costly $50-billion-plus killers, experts say.Top stories - CBS News - October 17 -
Lucid stock tumbles following public offering to raise $1.67 billion
Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."Business - CNBC - October 17 -
U.S. forgives $4.5 billion in student debt for 60,000 public employees
The Biden administration's latest round of relief should have borrowers learning of their canceled debt in coming weeks.Top stories - CBS News - October 17 -
Treasury Department now using AI to save taxpayers billions
The latest benefit from the artificial intelligence revolution: saving American taxpayers billions of dollars.Top stories - NBC News - October 17 -
Boeing Has a $15 Billion Plan to Weather Company Turbulence
The planemaker wants to sell shares and a convertible bond to shore up its shaky finances.Business - Inc. - October 17 -
Treasury Department uses AI to recover $1 billion in fraud
The Treasury Department is taking advantage of artificial intelligence (AI) to prevent or recover check fraud and stopped more than $1 billion in fraudulent payments over the past year, the agency ...Politics - The Hill - October 17 -
Trump's plan to deport millions of immigrants would cost billions
Former President Donald Trump is doubling down on his promise to carry out the largest mass deportation effort in American history.Top stories - CBS News - October 17 -
Intel seeks billions for minority stake in Altera business, sources say
This move that would represent a sharp about-face from its earlier public messaging about the larger company's prospects.Business - CNBC - October 18 -
Intrum seeks U.S. bankruptcy protection to restructure $4.7 billion net debt
Intrum, Europe's biggest debt collector, said on Friday it will file for voluntary Chapter 11 bankruptcy protection in the United States as it seeks to restructure its own finances. The company ...Sports - Yahoo Sports - October 18
