Alternative investment managers are starting to take a serious interest in catastrophe bonds tied to wildfires, moving into a risk category that just a few years ago was seen as too difficult to model. More than $5 billion of cat …
An investigative reporter best known for exposing fraud at Silicon Valley blood-testing startup Theranos sued Elon Musk’s xAI, Anthropic, Google, OpenAI, Meta Platforms and Perplexity on Monday for using copyrighted books without permission to train their artificial intelligence systems. New …
A luxury carwash in Southern California must pay a a $1.2 million settlement for wage theft and labor law violations. The California Labor Commissioner’s Office secured the settlement with Newport Auto Spa Inc., doing business as The Car Spa, a …
Johnson & Johnson was ordered to pay about $1.56 billion to a Maryland woman who blamed the company’s talc-based baby powder for causing her asbestos-linked cancer, the largest such jury verdict for an individual in 15 years of litigation. Jurors …
In Chicago’s working-class Pilsen neighborhood, a 60s-era oil-fired power plant rises up from an industrial lot behind Dvorak Park, which in warmer weather is packed with children climbing on its colorful playground and zooming down slides. The rarely-used eight-unit Fisk …
Ride-hailing firms and technology companies around the world are racing to deploy driverless taxis, betting that robotaxis will reshape urban transport and unlock new growth as regulation gradually opens up. From China and the U.S. to Europe and the Middle …
Heavy rain and flash flooding soaked roads in northern California, leading to water rescues from vehicles and homes and at least one confirmed death, authorities said Monday. In Redding, a city at the northern end of California’s Central Valley, one …
An estimated 2.45 million cars on the road likely have their odometers rolled back, 14% more than last year, according to vehicle history provider CARFAX. There was just a 4% increase between 2023 and 2024. “Odometer rollbacks occur when someone …
A coalition of Democratic-led states filed a lawsuit on Monday seeking to prevent President Donald Trump’s administration from defunding the U.S. Consumer Financial Protection Bureau by refusing to request money from the Federal Reserve. Democratic attorneys general from 21 states …
With just three days to go before Christmas, a cyberattack knocked France’s national postal service offline Monday, blocking and delaying package deliveries and online payments. The timing was miserable for millions of people at the height of the Christmas season, …