Author: Arabian Media staff
After firestorms ravaged Los Angeles in January, insurers reassured investors that they had maxed out their appetite for risk in the region and would not suffer similar losses again.Major carriers such as AIG had already pulled back from California, citing caps on what they could charge — part of a broader trend in which, as asset prices have risen and climate change has intensified extreme weather, more insurers are hitting the limits of what they will underwrite in the riskiest areas.The retreat of household-name insurers from big markets has fed widespread distrust of the industry. Consumers report a lack of…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.It is not often that habitual complacency makes you an astute judge of world events, particularly those involving geopolitical conflict. But for decades a shrug has been the best response to the perennial panics over shortages of critical raw materials for the green transition. The causes have ranged from China threatening to cut off exports of rare earths and other minerals to the soaring global prices of metals such as nickel and lithium. In practice, the routine operation of market forces, plus…
Clothing retailer says it could ‘gently and sparingly’ raise some prices Source link
U.S. consumer sentiment stands near a record low, but that isn’t expected to dampen plans for the Memorial Day weekend, which will see gasoline prices at their lowest for the holiday in years, while the number of American travelers is expected to reach a record high. Source link
The Coca-Cola Co. (KO) is one of the most recognizable brands globally and is best known for its namesake carbonated cola beverage. The first glass of Coca-Cola was served at Jacobs’ Pharmacy in downtown Atlanta on May 8, 1886. The cola was the creation of a pharmacist named Dr. John Pemberton, whose partner, Frank M. Robinson, was given credit for naming the beverage and designing the distinct stylized script that is still used today. Sales of Coca-Cola averaged just nine servings per day in Atlanta during that first year, but by 2024, the company sold 2.2 billion beverage servings per…
Walmart Inc. plans to cut around 1,500 jobs, the Wall Street Journal reported on Wednesday, as the big-box chain tries to manage costs and accelerate decision-making amid broader efforts by retailers and consumers to navigate inflation and tariffs. Source link
Elon Musk’s recent behavior, including his efforts to shut down numerous federal agencies and programs, has had a dramatic impact on the car company he runs and owns a large stake in, Tesla. Not only are sales of new Teslas down significantly both domestically and abroad, at a time when electric vehicle sales overall are up, but growing numbers of current owners are abandoning their Teslas for other automakers’ vehicles. Tesla owners who are thinking of trading in or selling could be surprised by how little they’re able to recoup. Here are some of the driving factors and their implications…
AMD is seen as an also-ran in the market for AI chips. But a BofA analyst thinks the company can still capture meaningful opportunity there. Source link
The S&P 500, or Standard & Poor’s 500, comprises around 500 of the U.S.’s largest publicly traded companies and has historically delivered strong long-term returns. Investing in the S&P 500, as a proxy for the market, feels like betting on the U.S. to win. But like any investment, the S&P 500 isn’t all growth and no groans. Investors hoping to include the S&P 500 in their portfolios should learn the risks of the S&P 500, such as concentration and valuation risk, and what strategies can minimize that risk while still harnessing the S&P 500’s power in their portfolios. Key Takeaways…
The data-warehousing company hit a revenue milestone and issued an upbeat outlook. Source link