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

July 25, 2024

At Berkshire Hathaway’s annual investor meeting earlier this year, Warren Buffett and his top insurance executive Ajit Jain issued a headline-grabbing warning that Berkshire would exercise caution regarding cyber insurance — in…

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Renewable energy demand could triple as electricity consumption surges

July 25, 2024

Renewable energy demand will triple over the next seven years as data center growth accelerates to facilitate the proliferation of artificial intelligence, NextEra Energy CEO John Ketchum said Wednesday. NextEra added 3,000…

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Why an indicator that has foretold almost every recession doesn’t seem to be working anymore

July 25, 2024

Wall Street’s favorite recession signal started flashing red in 2022 and hasn’t stopped — and thus far has been wrong every step of the way. The yield on the 10-year Treasury…

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Credit card delinquency rates hit a nearly 12-year high

July 24, 2024

People are struggling to pay off their credit card debt even as many trim their spending. The share of credit card balances that are past due reached the highest level…

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Inflation and $2,000 camps are creating a summer crisis for working parents

July 24, 2024

The math seemed impossible, but numbers don’t lie — it was less expensive for Julie Kelley to send her 9-year-old son to seven different summer camps in three states than…

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Retailers shift their thinking on delivery as consumer need for speed raises costs

July 24, 2024

Consumer need for speed in package delivery, which has reached its apex with same-day shipping, has placed retailers in a tough spot when it comes to managing transportation costs. The…

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Disneyland workers reach tentative deal with company, averting strike

July 24, 2024

Disneyland employees have reached a tentative deal on a new contract with the company, according to a coalition of unions, averting what would have been the first strike to hit…

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Delta Airlines cancellations and delays continue but worst of IT outage impact is over, CEO says

July 24, 2024

Dozens of Delta Air Lines flights were canceled and more than 200 delayed Wednesday as the Atlanta-based carrier continued to recover from last week’s global CrowdStrike-Microsoft IT outage. But in…

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Southwest Airlines faces FAA audit over string of near-miss incidents

July 24, 2024

The Federal Aviation Administration said Tuesday it was placing Southwest Airlines under a heightened safety review after a string of recent near-miss safety incidents involving the low-cost carrier. In a…

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Labor groups begin to unite behind Harris’ campaign — but some holdouts remain

July 24, 2024

Many of America’s largest labor unions have now announced their endorsements of Kamala Harris’ presidential bid, as the vice president intensifies her campaign for the Democratic nomination. Yet some notable…

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