LOS ANGELES (KABC) — Insurance giant State Farm may temporarily lose its California license after an investigation found it violated the law in its handling of claims from the 2025 wildfires. An investigation found the insurance company was slow to investigate and underpaid claims from the Eaton and Palisades fires, regulators announced on Monday. If…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 5, 2026. Brendan McDermid | Reuters U.S. stocks were higher on Tuesday, while oil prices slid as traders reacted to a number of solid earnings results. The S&P 500 rose 0.81%, hitting a new all-time high and…
In this article @LCO.1 @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT Oil prices fell Tuesday after Defense Secretary Pete Hegseth said the U.S. ceasefire with Iran remained in place, easing fears that the region would return to full-scale war after attacks on the United Arab Emirates this week. International benchmark Brent crude futures fell about 4%…
“Amazon is bringing the infrastructure, intelligence, and scale of its supply chain services—proven over decades—to businesses everywhere, much like Amazon Web Services did for cloud computing,” said Peter Larsen, vice president of Amazon Supply Chain Services. “Supply chain wasn’t just a function at Amazon—it was core to providing an exceptional shopping experience. Our differentiator. The…
In summary The Insurance Department found hundreds of violations by State Farm and calls for millions of dollars in penalties and a possible suspension. Welcome to CalMatters, the only nonprofit newsroom devoted solely to covering issues that affect all Californians. Sign up for WhatMatters to receive the latest news and commentary on the most important issues in…
The co-founder of Gap was known for coining the brand’s name and quietly shaping its image. Courtesy of Gap Inc. Doris Fisher, co-founder of the iconic clothing retailer Gap, which opened its first store on Ocean Avenue in 1969, died over the weekend in San Francisco surrounded by her family, according to a news release from…
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It’s nearly the end of an era at the nation’s central bank. In just 11 days, on May 15, Jerome Powell’s second term as Fed chair will come to an end and, presumably, President Donald Trump’s nominee to succeed him, Kevin Warsh, will begin his tenure. It’ll mark a new day for the Dow Jones…
The e-commerce giant’s new supply chain services will deliver for companies across the globe. The e-commerce giant’s new supply chain services will deliver for companies across the globe. May 4, 2026, 3:16 PM UTC Emma Roth is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she…
In this article BRK.B Follow your favorite stocksCREATE FREE ACCOUNT Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 2, 2026. CNBC Berkshire Hathaway shares gave up gains Monday afternoon following CEO Greg Abel‘s solid performance over the weekend helming the annual meeting for the first…
On Monday, Anthropic announced a joint venture focusing on deploying enterprise AI services. Blackstone, Hellman & Friedman, and Goldman Sachs will be founding partners in the new venture, which is backed by a group of VCs, hedge funds, and private equity firms, including Apollo Global Management, General Atlantic, GIC, Leonard Green, and Sequoia Capital. The…
President Donald Trump has framed the current state of the U.S. economy as a “golden age,” and in some ways he’s right. The stock market is at record highs, and economic growth has chugged along adequately. And depending on who you ask, it’s all being supported by one growing industry: AI. “Polls may show that…
California regulators want to suspend State Farm’s license for up to a year and levy the largest penalty ever against a state insurer, alleging it mishandled wildfire claims in Los Angeles County. The Department of Insurance said it will file an administrative action against the state’s largest home insurer after an investigation into 220 sample…
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NEW YORK — Doris Fisher, who co-founded the iconic clothing chain The Gap Inc. in 1969 with her late husband Don, has died. She was 94. Fisher died on Saturday surrounded by her family, a Gap spokesperson confirmed on Monday. The San Francisco-based company did not specify a cause of death. The couple co-founded The…
Dashboard camera video captured a United Airlines flight striking a Baltimore bakery truck on the New Jersey Turnpike on Sunday afternoon as the airplane was preparing to land at Newark Liberty International Airport. Chuck Paterakis, senior vice president of transportation and logistics and co-principal at Baltimore-based H&S Bakery, told CBS News Baltimore that the driver was…
“The attraction of a humanoid is that you can put it here and it stays here. It will pick all day, 24 hours a day, seven days a week. It’s not going to apply for a holiday, it’s not going to have a sick day,” says Chelsea Sharp, plant finance director and granddaughter of company…
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In this article APO GS BX Follow your favorite stocksCREATE FREE ACCOUNT Anthropic CEO Dario Amodei looks on after a meeting with French President Emmanuel Macron during the AI Impact Summit in New Delhi on February 19, 2026. Ludovic Marin | Afp | Getty Images Anthropic said Monday it is partnering with private equity giants…
Paramount reported year-over-year growth in both revenue and adjusted EBITDA as CEO David Ellison and his team seek to remake the company they acquired late last summer. At the same time, the company also says that it is “making great progress” on its deal to acquire Warner Bros. Discovery, with a late Q3 target close…
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A Spirit Airlines Airbus A321 airplane taxis at Los Angeles International Airport after arriving from Fort Lauderdale on March 30, 2025 in Los Angeles, California. Kevin Carter | Getty Images Just hours after Spirit Airlines collapsed, its rivals unveiled their new flight plans. Airlines had actually been at work for months on their route changes…
The national average price of gas pushed higher Monday to $4.46 per gallon, as oil futures rose again after three days of declines, increasing the Iran war’s direct cost to consumers. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. U.S. crude oil closed up 4.4% at $106.42 per…
FOX Business’ Jeff Flock joins ‘Varney & Co.’ to break down the Justice Department’s criminal probe into soaring beef prices as Americans face sticker shock at the grocery store and experts point to a “perfect storm” driving costs higher. The Justice Department confirmed its active investigation of potential antitrust violations in U.S. cattle and beef…
Colin Angle revealed his latest creation this week: a dog-sized robot ‘Familiar’ designed for human connection, not chores. May 4, 2026, 4:51 PM UTC Colin Angle revealed his latest creation this week: a dog-sized robot ‘Familiar’ designed for human connection, not chores. May 4, 2026, 4:51 PM UTC Jennifer Pattison Tuohy is a senior reviewer…
When do we take AI doomers seriously? That’s a key subtext of Elon Musk’s attempt to shut down OpenAI’s for-profit AI business. His attorneys argue that the organization was set up as a charity focused on AI safety and lost its way in pursuit of lucre. To prove that, they cite old emails and statements…
(Bloomberg) — Oil prices jumped as critical energy infrastructure and tankers in the Middle East came under attack, marking a significant escalation in the US-Iran hostilities and jeopardizing a four-week-old ceasefire. Most Read from Bloomberg Brent futures surged 5.8% to settle above $114 a barrel after an Iranian drone strike caused a fire in a…
Leave it to GameStop (GME) to drag meme stocks back into the conversation. The meme-stock poster child is back in the spotlight after chasing eBay (EBAY) with an eye-catching takeover bid. But the broader group had already been moving since the March 30 market reset low. Even GameStop’s own stock reaction had a tired feel….
In this article LLY NVO Follow your favorite stocksCREATE FREE ACCOUNT Wegovy semaglutide tablets. Michael Siluk | Universal Images Group | Getty Images When the Wegovy pill launched in January, telehealth provider LifeMD said its business doubled almost overnight. LifeMD went from seeing between 300 and 400 new patients a day to 600 to 1,000…
In this article 8JO0-FF LOT PSNY LOT Follow your favorite stocksCREATE FREE ACCOUNT Politicians on both sides of the aisle want to block Chinese vehicles from the United States. But over 100 Chinese automakers, auto tech companies, and parts suppliers already have a presence in the U.S., according to a survey done by Dunne Insights,…
A United Airlines plane hit a light pole during its final approach to Newark Liberty International Airport, injuring a driver on the New Jersey Turnpike and damaging the aircraft, officials said Sunday. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Flight UA169, a Boeing 767 carrying 221 passengers…
Not long ago, the thought of a stock surpassing $1 trillion seemed unfathomable. Today, there are several stocks with market caps of more than $1 trillion, some of which have surpassed $4 trillion. This is largely due to the emergence of artificial intelligence (AI) and the belief that the technology will change life as we…