Articles

L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.

Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.

TikTok ban goes before Supreme Court. Here’s where the app’s $10 billion in ad revenue could go if it dies.

The end of TikTok in the U.S. could mean a sizeable boost for its publicly traded American competitors.

Investors are on edge as Friday’s jobs report could make or break the stock-market rally

Rising Treasury yields are ratcheting up the anxiety for equity investors. Thursday’s stock-market closure offered only a brief reprieve from the mounting tension.

Why two Fed officials doubt the need for many more rate cuts

One official warned that “progress on inflation could continue to stall.”

IGM Biosciences to cut 73% of workforce as latest pivot fails to pan out

IGM Biosciences is again cutting staff as it scraps an autoimmune-drug trial after failing to achieve the desired results.

Why investors are still buying gold despite a strong dollar and rising Treasury yields

Gold prices settled Thursday at their highest level in four weeks, defying their usual inverse relationship with strength in the U.S. dollar and gains in Treasury yields, as fiscal worries prompt investors seek out safe-haven assets.

FanDuel owner Flutter takes $370 million hit from NFL bettors. Blame these winning teams.

Flutter said this football season has seen the most “customer-friendly” NFL outcomes since the launch of online sports betting.

How helpful is auto-enrollment in 401(k) plans?

Making saving easy remains essential

Why Elon Musk had to drop his ‘DOGE’ pledge to cut $2 trillion from the federal budget

We told you he would months ago, when he made the promise.

Are Roth IRAs really better? Not necessarily.

Roths may be overrated for most investors, new research suggests.

Britain is on the verge of a financial crisis. A key U.K. Treasury official says he can’t afford a Bloomberg subscription.

A top U.K. government official told Parliament he can’t afford a subscription to Bloomberg News.

UBS’s stock hit its highest level in 16 years. The good news is the bank is about to get fined hundreds of millions of dollars.

UBS stock reached a new 16-year high after the Wall Street Journal said the bank is about to get fined hundreds of millions of dollars.
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