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Car Prices Might Be Unsustainable for Buyers
Business

Car Prices Might Be Unsustainable for Buyers

Surging loan delinquencies signal that many consumers can’t afford their auto loans. Source link

Israeli AI Startup Vesttoo Sparks a Global Insurance Scandal
Business

Israeli AI Startup Vesttoo Sparks a Global Insurance Scandal

The Tel Aviv-based firm is embroiled in an alleged multibillion-dollar fraud involving faked letters of credit, and may fire its founders. Source link

New Definition of 'Fraud' Wipes Out High-Profile Prosecutions
Business

New Definition of 'Fraud' Wipes Out High-Profile Prosecutions

Fraud doesn’t mean what it used to—and several high-profile federal prosecutions are falling apart as courts apply the Supreme Court’s more-narrow legal definition. Source link

Real-Estate Deal Gone Bad Hits Popular Crowd Funder
Business

Real-Estate Deal Gone Bad Hits Popular Crowd Funder

CrowdStreet raised $4 billion by promising big returns to small investors, but many deals were disappointing. Source link

Home Insurers Are Charging More and Insuring Less
Business

Home Insurers Are Charging More and Insuring Less

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Insurers Aim to Boost Rates
Business

Facing Big Storm Losses, Insurers Aim to Boost Rates

Severe storms that brought hail and high winds to places such as Texas and states in the central U.S. are wreaking havoc on insurers’ profits.

Insurers Aim to Boost Rates
Finances

Insurers Aim to Boost Rates

Severe storms that brought hail and high winds to places such as Texas and states in the central U.S. are wreaking havoc on insurers’ profits.

Carvana Strikes Deal to Avert Cash Crunch
Finances

Carvana Strikes Deal to Avert Cash Crunch

The used-car seller will sell stock and pledge assets to back new debt. Source link

For Clues About Carvana's Future, Look to Its Past
Business

For Clues About Carvana's Future, Look to Its Past

Struggling used-car dealer’s shares are hot, but business sags and investors worry about the family’s plans. Source link