Finance

Finance

California May Face Insurance Crisis as Peak Wildfire Season Looms

Photo by CAL FIRE via Public Domain Mark 1.0

The FAIR Plan, which insures California’s highest-risk homes, will only have about $305 million left by June.

1 min read

Photo by Markus Spiske via Unsplash

Energy

After Near Decade of Talks, a Global Carbon Credit Trading Deal at COP29

Countries at the United Nations COP29 climate summit struck a deal on the basic rules to launch an international carbon trading market.

2 min read
Photo via Connor Lin / The Daily Upside

Hedge Funds

Archegos’ Hwang Sentenced to 18 Years For Gargantuan Fraud That Walloped Wall Street

Hwang’s sentencing bookends a dramatic saga that began with the shock implosion of his firm that cost Wall Street billions.

2 min read
Photo by Hapabapa via iStock

Markets

BlackRock Strikes Deal With Banks to Provide Closely Held Bond Price Data

Real-time prices for corporate bonds are hard to come by. A handful of banks want to bring the closely guarded data into the 21st century.

1 min read

Finance

Federal Contract Spending Cuts Bleed Accenture Stock Price

Photo by JiriMatejicek via CC BY-SA 3.0

Accenture said during its earnings call last week that DOGE-led federal spending cuts were starting to hit sales.

2 min read

Banking

Goldman Sachs Downgraded by Investment Bank Oppenheimer

Photo by Dan Totilca via iStock

Analysts said they now expect US investment banking revenue to be flat this year, instead of jumping 32% as predicted previously.

2 min read

Big Tech

Google Strikes $32 Billion Deal for Cloud Security Startup Wiz

Photo by Allen Boguslavsky via Pexels

The massive acquisition could give Google an edge as AI accelerates Big Tech’s race to win over cloud customers.

2 min read

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