The FAIR Plan, which insures California’s highest-risk homes, will only have about $305 million left by June.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
On Tuesday, President Donald Trump slapped import duties on Canada and Mexico, kicking off a full-fledged economic war.
According to Dealogic, just 1,603 deals have been signed this year through Friday, down 19% year-over-year.
Hedge funds are still all in on the AI boom that drove the Magnificent Seven’s gains, they just think it’s creating value elsewhere now.
Accenture said during its earnings call last week that DOGE-led federal spending cuts were starting to hit sales.
In its annual investment report published on Tuesday, Fidelity said its assets under management increased by a titanic $1 trillion in 2024.
New York is muscling in on Texan dreams of becoming Wall Street 2.0 by taking the fight to the Lone Star state.
The news comes as Klarna is gearing up for a US IPO, and as regulation of the BNPL sector hangs in the balance post-Trump.
Analysts said they now expect US investment banking revenue to be flat this year, instead of jumping 32% as predicted previously.
Punxsutawney Phil may see six more weeks of winter, but hedge funds aren’t waiting to emerge from their bearish slumber.
Shares of US steel and aluminum companies rose Monday, bolstered by a fresh round of tariff threats from the Trump administration.
Billionaire Bill Ackman is making Pershing the latest high-profile company to depart longtime corporate haven Delaware.
The massive acquisition could give Google an edge as AI accelerates Big Tech’s race to win over cloud customers.
Elliott has played a central role in pushing out a CEO at Starbucks and convincing conglomerate Honeywell that it needed to break up.