Warren Buffett and Berkshire Hathaway's top insurance executive warned this year about the potential for massive losses from cyber insurance policies. The CrowdStrike-caused global IT outage will be a key test for cyber insurance underwriters, with Fitch Ratings expressing confidence that losses will not exceed $10 billion. Other cyber policy...

CrowdStrike losses may be biggest test yet of cybersecurity insurance risk warning from Warren Buffett

Independent financial advisors channeled their inner game-show host Monty Hall (or Wayne Brady, for those under a certain age) this past quarter and said, “Let’s make a deal!”. The registered investment advisor market announced 75 mergers and acquisitions in the second quarter, involving almost $1 trillion in assets...

RIA Deals Hit Sizable Peak in Q2

California State

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Shares of Nvidia (NASDAQ:NVDA) fell by more than 3% Wednesday after Tesla (NASDAQ:TSLA) CEO Elon Musk told investors on the company's earnings call after the close on Tuesday that they are "going to double down on Dojo," its supercomputer. Dojo is a supercomputer designed by the electric vehicle giant for...

Tesla's Musk says Dojo will be competitive, analyst says Dojo still 10 years away

Bucks County, PA

Doylestown, PA

Bucks County Beacon

More than 200 Democratic and Independent voters braved the sweltering heat Saturday for a chance to meet California Governor Gavin Newsom in a rally to support President Joe Biden and Vice President Kamala Harris’ reelection.

California Governor Gavin Newsom Visits Doylestown, Urges Bucks County to ‘Help Save Democracy’ in November

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

J. Souza

After hitting the jackpot in the cruise ship's casino, one man was shocked by the prize he won. A recent TikTok video has gotten a lot of attention, showcasing a couple's unexpected windfall during a cruise vacation.

Cruise Passenger Wins Jackpot on Cruise and Gets $50k Cabin Upgrade

MILAN (Reuters) - Stellantis (NYSE:STLA) is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe underperforming brands in its sprawling portfolio, its chief executive Carlos Tavares said on Thursday. The warning for lossmaking brands is a turnaround for Tavares, who...

Stellantis ready to axe brands and fix US problems, CEO says

Reuters

TOKYO (Reuters) - Japan's factory activity contracted slightly in July as output and new orders fell and firms remained under pressure from higher prices, a business survey showed on Wednesday.

Japan's July factory activity slips, service sector solid, PMI shows

Investing.com -- Former New York Federal Reserve President Bill Dudley on Wednesday called for the Fed to cut rates as soon as next week amid recession concerns, reversing his long-held view for the U.S. central bank to persist with its higher for longer rate regime. "The facts have changed, so...

Fed's Dudley now calling for Fed rate cut next week amid recession concerns

(Reuters) -Australian bank ANZ said it has fired or suspended traders from its markets business over allegations of inappropriate behaviour and warned an investigation into the unit may have consequences on staff all the way up to the CEO. The update on Thursday shows Australia's fourth-largest lender getting on the...

Australia's ANZ fires staff amid multiple dealing room investigation

Goldman Sachs issued a warning that an S&P 500 correction is imminent and advised investors against buying the dip. In a note to clients, an analyst at the investment bank highlights several indicators pointing towards a downturn in the market. He points out that July 17 typically marks the end...

Goldman Sachs says S&P 500 correction is coming, urges investors not to buy dip

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

NEW YORK (Reuters) - Bank of America’s corporate clients approved a record $500 billion in payments through its CashPro app by mid-year, up almost 40% versus the same period in 2023, the company said in a statement on Thursday.

BofA payments app for businesses handled record $500 billion by mid-year

Kentucky State

Northern Kentucky Tribune

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

Illinois State

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

North Carolina State

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Town Talks

Death Disclosure Laws and Property Disclosures in North Carolina. In North Carolina, there is no legal obligation for homeowners or real estate agents to disclose if a death has occurred in a home, whether by natural causes, murder, or suicide. However, if a potential buyer directly inquires about any deaths on the property, the seller is required to provide that information.

If someone dies at your house do you have to tell a potential buyer? What North Carolina law says

On Tuesday, Evercore ISI adjusted its financial outlook for United Parcel Service (NYSE:UPS), reducing the price target to $138 from $145 while maintaining an In Line rating for the company's stock. This adjustment comes in the wake of UPS's second-quarter earnings for 2024, which fell short of expectations. The logistics giant reported an adjusted earnings per share (EPS) of $1.79, which was below Evercore ISI's prediction of $1.94 and the consensus estimate of $1.99. The company's performance was affected by a challenging mix of products that pressured yields and margins.

Evercore cuts UPS price target to $138 from $145

Washington State

Timothy A Gruver

The Washington State Board of Nursing has suspended the registered nurse and advanced registered nurse practitioner licenses of Percy Lynchard III, the Washington Department of Health reported on Friday.

Nurse's Licenses Suspended for Improper Rx: Investigation Reveals Substandard Care

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

NewsBreak

Insurers to see limited hit from CrowdStrike disruption, Fitch says

(Reuters) - The global insurance and reinsurance industry is likely to avoid any major financial impact from the outage sparked by CrowdStrike (NASDAQ:CRWD)'s glitchy security software...

Insurers to see limited hit from CrowdStrike disruption, Fitch says

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