SACRAMENTO, Calif. (AP) — State Farm will discontinue coverage for 72,000 houses and apartments in California starting this summer, the insurance giant said this week, nine months after announcing it would not issue new home policies in the state The Illinois-based company, California’s largest insurer, cited soaring costs, the increasing risk of catastrophes like wildfires … Read more
March and April are critical months for ocean carriers looking to ink annual freight contracts with shippers, including the world’s biggest retailers, but this year contract season is turning into a waiting game. The $2,500 spread between spot market rates and long-term freight contract rates for Asia to U.S. West Coast containers has reached its … Read more
Analysts say this is likely more of a one-off than a sign that LP interest in venture is waning. The Los Angeles County Employees Retirement Association (LACERA) voted to decrease its allocation range to venture capital at a March 13 meeting. The board of investments voted to decrease its allocation range to venture capital and … Read more
LONDON — LONDON (AP) — Freddie Mercury ’s sanctuary in London, where he lived the last decade of his life, is on sale for the first time in nearly half a century — minus his “exquisite clutter.” Garden Lodge, as the neo-Georgian brick home in the posh Kensington neighborhood is known, is for sale by … Read more
Peathegee Inc | Tetra Images | Getty Images After years of being ignored, menopause has entered the public conversation. Celebrities from Drew Barrymore to Naomi Watts have opened up about symptoms and promoted products. Yet despite the increased chatter, there is a long way to go when it comes to treating symptoms — and a … Read more
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This week, Spotify announced a new feature to let audiobook authors and publishers tease their new releases. Countdown Pages, which debuted for music artists last year and has been used by the likes of Ed Sheeran and Taylor Swift, let fans pre-save an upcoming title and have it pop into their library when it’s released. … Read more
Nio holds a product event in Shanghai on Sept. 21, 2023. Evelyn Cheng | CNBC BEIJING — Chinese premium electric car company Nio said Thursday it plans to reveal its mass market brand in May. Executives confirmed the new brand will be named “Le Dao” in Chinese, and said the name is meant to reflect … Read more
If you asked a bunch of VCs at the end of 2023 if the IPO market would finally open again in 2024, most of them would have said yes. We know because TechCrunch surveyed more than 40 of them in December and that’s what they said. Yet, there are two weeks left in Q1, still … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on February 29, 2024 in New York City. Michael M. Santiago | Getty Images A new day, a new all-time high. From stocks to bitcoin, asset classes across the board have been hitting uncharted territories. Why? There are a few reasons … Read more
The logo of Danish pharmaceutical company is pictured at their headquarters in Bagsvaerd outside of Copenhagen, Denmark on February 1, 2017. Liselotte Sabroe | AFP | Getty Images Wegovy obesity drug maker Novo Nordisk surpassed Tesla in market value, after fresh early trial data showed positive results for its new experimental weight loss pill. Shares … Read more