The wildfires around Los Angeles are set to cost European insurance giants up to a billion euros in payouts this year. Millions of people have been displaced, thousands of homes and buildings have been destroyed and at least five people have been reported dead due to the wildfires. While total economic loss due to the disaster is expected to be around $50 billion , JPMorgan believes that insured losses originating from the wildfire could be around $20 billion — double the $10 billion they forecast earlier in the month. At least seven European listed reinsurance firms are expected to bear about a billion…
Author: usaeverydaylife
Elon Musk, founder of SpaceX, left, and Amazon and Blue Origin founder Jeff Bezos.Getty ImagesJeff Bezos in an interview with Reuters on Sun,day said he does not think SpaceX CEO Elon Musk will use his close ties with U.S. President-elect Donald Trump to undercut his space company Blue Origin, adding he feels “very optimistic” about the incoming administration’s space agenda.”Elon has been very clear that he’s doing this for the public interest and not for his personal gain. And I take him at face value,” said Bezos, founder of Blue Origin, which rivals SpaceX in the space industry.Bezos is in…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailA decade in the making, standing at 32-stories tall and packing more than twice the thrust of SpaceX’s Falcon 9, Blue Origin’s heavy lift rocket will be launching uncrewed from Florida’s space coast with a launch window opening at 1 ET. The mission is ambitious: New Glenn will fly another company creation – a prototype of the blue ring space tug – to orbit and designed to be partially reusable. Ahead of the launch, Blue Origin CEO Dave Limp talked to CNBC’s Morgan Brennan about what’s at stake.…
Rohit Jha, 36, is the co-founder and CEO of Transcelestial.Courtesy of Rohit JhaRohit Jha calls himself a “huge nerd.”He developed a deep love for computers, space and ultimately science fiction in his early years.Jha spent much of his childhood and adolescence coding games on a secondhand computer, star-gazing through a telescope on his school’s rooftop and reading the work of science-fiction writer Isaac Asimov.Today, the 36-year-old is the co-founder and CEO of Transcelestial, a deep space and communications technology startup that aims to make the internet more accessible by developing and deploying a network of lasers between cell towers, street-level…
When Aron Olegnowicz-Cruz thinks about his future, he foresees getting his MBA and working in business. But for now, the 22-year-old works as a special education teacher at an elementary charter school in Columbus, Ohio.Olegnowicz-Cruz is in his first of two years teaching with Teach for America , the nonprofit that recruits recent college grads to teach in underserved schools across the U.S.Olegnowicz-Cruz, who studied political science and psychology at the Ohio State University and took a pre-MBA summer fellowship at Harvard Business School, hadn’t planned to teach. Then he learned about TFA from through the Association of Latino Professionals…
Aerial view of the Shanghai financial district skyscrapers and the Huangpu river at sunset.Tobiasjo | E+ | Getty ImagesAsia-Pacific markets opened lower Monday, after U.S. jobs report on Friday dampened investors’ hopes for early interest rate cuts by the Federal Reserve.Australia’s S&P/ASX 200 traded 0.84% lower. Hong Kong’s Hang Seng index futures last traded at 18,971, lower than the HSI’s Friday close of 19,064.29.Japan markets are closed for a holiday. South Korea’s Kospi slipped 0.4% in its first hour of trade, while the Kosdaq dipped 0.3%.China is slated to release its December trade data later in the day, while India…
Volkswagen U.S. assembly of all-electric ID.4 flagship in Chattanooga, Tennessee in 2022.VolkswagenThe new Republican-majority Congress has wasted no time in making its energy priorities clear. Speaker of the House Mike Johnson said from the House floor minutes after his reelection, “We have to stop the attacks on liquefied natural gas, pass legislation to eliminate the Green New Deal. … We’re going to expedite new drilling permits, we’re going to save the jobs of our auto manufacturers, and we’re going to do that by ending the ridiculous E.V. mandates.”Data from the auto industry shows a more complicated story. There are more…
Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024.Kevin Wurm | ReutersWith the levers of power in Washington, D.C., about to change hands, a raft of pro-crypto legislation is expected from Congress and the Trump administration. To date, there’s been less focus on the cybersecurity side of the political effort, which could be an issue for crypto in relation to its popularity among a wary U.S. population. Cryptocurrency, which includes not just bitcoin but ethereum, dogecoin, and others, has a faithful following among American adults. According to the Pew…
Traders work on the floor of the New York Stock Exchange on the last day of trading for the year on Dec. 31, 2024 in New York City. Spencer Platt | Getty ImagesStock futures were little changed on Sunday as investors look toward a data-heavy week, which includes the December report on U.S. inflation and big bank earnings.Futures tied to the Dow Jones Industrial Average gained 30 points, or 0.07%. S&P 500 futures edged lower by 0.08%, while Nasdaq 100 futures was down 0.06%.This week will give investors a clearer picture of the state of the economy following a blowout jobs…
It’s January, the designated month for self-reflection and setting goals. It’s a time when most people contemplate all the ways they’d like to change for the better in the new year. About a fifth, 21% of Americans want to save more money in 2025, according to Statista, 19% want to eat healthier and 17% want to exercise more.My New Year’s resolutions are typically mental-health oriented. Last year, for example, I resolved to eliminate some life-oriented deadlines — like having kids by a certain age — as a way to relieve stress. And I think it worked.This year, I have a…
