Author: Arabian Media staff
Many Americans equate flood risk with whether or not they live in a flood zone, partly because that’s how federal agencies delineate risk. As a result, homeowners outside of an official flood zone may skip flood insurance, which isn’t included with standard home insurance and must be purchased separately. In fact, per a report from reinsurance company Munich Re, most homeowners underestimate their risk of flood damage, leaving them vulnerable to dangerously high out-of-pocket costs to repair their homes and replace their belongings. Key Takeaways Many homeowners are at risk for flood damage without realizing it because they may be…
The four executive orders recently signed by President Trump help to address the growth of the U.S. nuclear-energy sector in domestic power generation, but it’ll be a challenge for the nation to provide the uranium it requires to quadruple nuclear-energy capacity in 25 years. Source link
Online bank Chime plans to raise up to $832 million in its initial public offering later this week, following the successful debut of fintech broker eToro in May. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.CK Hutchison’s $23bn ports sale produced the Hong Kong conglomerate’s best one-day gain in almost 10 years when it was announced in March, and was reminiscent of the swashbuckling transactions that made founder Li Ka-shing’s name. The ongoing negotiations with Beijing, which has come out in opposition to the sale, reflect a more prosaic reality.As initially presented, the sale of CK’s ports outside China to a group including BlackRock would net $19bn in proceeds — as much as again as its undisturbed…
Electric-vehicle-charging company EVGo Inc. got a vote of confidence from analysts at Morgan Stanley on Tuesday, but it wasn’t as enthusiastic a vote as investors might have hoped, for three key reasons. Source link
Big Tech companies are scrambling to secure electricity for the long term. For many, this means investing in nuclear power generation. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.JPMorgan Chase has handed responsibility for the international expansion of its consumer business to Marianne Lake, raising the stakes for her as one of the favourites to succeed Jamie Dimon in running the world’s biggest bank.The move was announced to staff on Tuesday alongside the departure of Sanoke Viswanathan, who is leaving JPMorgan to become chief executive of US financial data provider FactSet. Viswanathan served as chief executive of international consumer and wealth at the bank, orchestrating the launch of its UK…
Stay informed with free updatesSimply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox.The interest rate, real and nominal, on long-term safe assets is perhaps the most important price in a capitalist economy. It tells one about confidence in governments and the economy. In recent years, these prices have normalised. The era of ultra-low interest rates that began in 2007-09, with the financial crises, seems to be over. An era of normality seemed to be returning. Hurrah! But the world does not really look very “normal”. Should we be waiting for big new shocks, instead?The…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Meta has agreed to buy the output of a nuclear plant in Illinois for two decades, marking its first deal of this kind as it seeks to shore up electricity to power its artificial intelligence efforts and US data centres.The social media group said on Tuesday that it had signed a deal with Constellation Energy, the operator of the largest fleet of conventional nuclear reactors in the US, to purchase the output of the Clinton Clean Energy Center for the 20 years…
Job openings rise in middle of trade wars, but businesses are slower to hire Source link