The cost of insuring against tech defaults struck record highs on Thursday, as investors rushed to hedge against the risk of credit stress building in the AI trade, with heavily indebted data center operators like CoreWeave hit hardest. Hotter-than-expected US …
The risks of artificial intelligence may exceed its opportunities if no adequate safeguards and ethical framework are put in place, International Monetary Fund (IMF) chief Kristalina Georgieva said on Friday, backing a blend of industry self-regulation and input from key …
Axa SA expects to lose its distribution partnership with Banca Monte dei Paschi di Siena SpA next year, potentially putting the insurer on the losing side of the deals wave washing across Italian finance. Axa’s management recently discussed the topic …
The horrific death of a man who was ejected from a Six Flags roller coaster in Georgia is drawing attention to the safety of amusement park rides that have become increasingly faster and steeper in their quest for the biggest …
The state of Florida won a key court decision this week that allows it to enforce a ban on social media accounts for kids under 14 and other restrictions. The law was one of the most restrictive in the U.S. …
Staffing at fire departments is the top issue cited in the newly released Fire Prevention and Control plan by the West Virginia Fire Commission. The plan states that staffing issues plague both paid and volunteer fire departments, leading to dangerous …
Travelers Insurance reported continued solid underwriting and historic investment income for the third quarter along with higher catastrophe losses. “It was another in a run of successful quarters, with very strong underwriting performance across all three segments and a record …
France’s cybersecurity authority has warned that a cyberattack targeting supermarkets may still be ongoing as stores restocked Wednesday after the attack sent refrigerator temperatures soaring, raising concerns about the security of vital food supply chains. The agency said Tuesday night …
Duke’s Malibu has endured one disaster after another. The famed restaurant perched over the Pacific narrowly survived last year’s Palisades Fire, though smoke left it badly damaged. Five weeks later, a mudslide forced it to close for 13 months. Last …
Taiwan plans to raise billions of dollars to develop industrial parks in the US that would build a base for a comprehensive supply chain for Nvidia Corp. and other AI hardware makers in the country. The initiative is starting with …