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Binance’s CFO Leaves Company in Wake of $6 Billion Crypto Heist
Kaiser Ng, the chief financial officer at Binance Holdings Ltd., the world’s largest crypto exchange, is leaving, the company announced just days after hackers stole more than $6 billion in cryptocurrency from the platform. “Kaiser Ng has decided to pursue …
AI Backlash Spreads Across Europe With Data Center Protests
Protests against data centers continued across Europe on Saturday as citizens took to the streets to voice their concerns about the impact on society and the environment. Some 2,000 people marched in Dublin, according to broadcaster RTE, and about 1,300 …
GM Insurance to Enter Maryland Auto Market
GM Insurance announced it is expanding its auto insurance offering to Maryland, which will be its 21st state. General Motors Insurance is available for Chevrolet, Buick, GMC and Cadillac vehicles., GM promises that its coverage can save safe drivers money …
Newsroom Bomb Threats Follow Escalating European Flight Hoaxes
Newsrooms in Ireland and Bulgaria received emailed bomb threats on Friday from a purported “Mikhail Andropov,” claiming responsibility for a widening wave of hoax threats disrupting passenger flights across Europe. The messages, sent to Bulgaria’s Nova TV and the Irish …
Oil Falls as Trump Signals Restraint on Iran Despite Fresh Shipping Attacks
Oil prices fell on Monday after US President Donald Trump downplayed the likelihood of renewed strikes on Iran, though attacks on ships near the Strait of Hormuz kept supply concerns in focus. Brent crude LCOc1 dropped by 75 cents, or …
Home-Renovation Expense Keeps Rising as Companies Pass on Costs
Households squeezed by high grocery and gas prices are facing another hit: rising costs for home repairs and upgrades. The cost of repairing or remodeling a home has risen steadily through October, with higher oil and energy prices, along with …
Berkshire Hathaway Boosts Buybacks as Operating Income Slips
Berkshire Hathaway Inc. spent about $9.6 billion to buy back its own shares in the third quarter, a sign the company’s executives viewed the stock as undervalued. But declining insurance underwriting weighed on its operating earnings in a mixed quarter …
Not in a FEMA Flood Zone? Your Home Could Still Be at Risk
If your home isn’t in a federally designated flood zone, flooding might seem like someone else’s problem. No one requires you to buy flood insurance, and the map suggests you’re in the clear. But reality may be very different. Mounting …
Manufacturers Hammer IBHS Over 15-Year Roof Age Limit for Fortified Designation
Asphalt-roofing manufacturers have come out swinging against a new Insurance Institute for Business and Home Safety standard that limits the coveted “Fortified” designation to roofs younger than 15 years. The manufacturers’ response could lend new fuel to the debate over …
Row House Fire in Brooklyn Kills 6 People and Injures 9
A fire barreled through a multifamily row house in New York early Thursday, killing six people and injuring nine others, including some firefighters and police officers, the city’s fire department said. More than 200 first responders descended on the two-story …
Kim Declares Victory in California Insurance Commissioner Race
Jane Kim claimed victory over fellow Democrat Ben Allen in the race for California insurance commissioner on Friday. Kim was up by more than 400,000 votes as of Friday afternoon. As of Wednesday morning, 99.8% of precincts had reported in, …
Some 40% of US Planned Data Center Capacity Is in States Wanting to Hit Pause
Data center opposition had been building across the country, one moratorium or blocked project at a time. Then, virtually overnight, the midterm election tilted a broad swath of the regulatory map against the AI buildout. Newly elected governors in Ohio, …