The deadly fire that ripped through seven high-rise towers in Hong Kong is expected to result in a surge in near-term claims among insurers, and hit earnings of the complex’s main underwriter, an affiliate of China Taiping Insurance Holdings 0966.HK, an analyst at Fitch Ratings said on Thursday. China Taiping Insurance (Hong Kong) has coverage […]
Hong Kong Fire to Hurt Taiping Insurance Earnings, Fitch Says Read More »
Tyson Foods’ decision to close a beef plant that employs nearly one third of residents of Lexington, Nebraska, could devastate the small city and undermine the profits of ranchers nationwide. Closing a single slaughterhouse might not seem significant, but the Lexington plant employs roughly 3,200 people in the city of 11,000 and has the capacity
Tyson Foods’ Decision to Close Nebraska Beef Plant Could Hurt Ranchers Nationwide Read More »
Key Takeaways 30-year mortgage rates have fallen to their lowest level since March, and real-time data suggests they’re drifting even lower today. The Fed is expected to deliver multiple rate cuts this year, with forecasts strengthening after the weak August jobs report. But mortgage rates don’t always move in sync with Fed policy, since long-term
Mortgage Rates Just Hit a 6-Month Low—Will the Coming Fed Cuts Help or Hurt? Read More »
Elon Musk accused Apple Inc. and OpenAI in a lawsuit of unfairly favoring the artificial intelligence company across iPhones and thwarting competition for other chatbot makers. Musk’s X and xAI seek billions of dollars in damages in the suit filed Monday in federal court in Fort Worth, Texas, arguing that Apple’s decision to integrate OpenAI
Musk Sues Apple, OpenAI, Saying They Hurt AI Competition Read More »