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Wagers on the Weather? Insurers Offer a Way for Businesses to Hedge Climate Risks
Business

Wagers on the Weather? Insurers Offer a Way for Businesses to Hedge Climate Risks

Parametric insurance, which lets businesses tie their policies directly to weather conditions such as wind speed and flood depth, has garnered interest amid tough conditions

A Startup in the New Jersey Suburbs Is Battling the Giants of Silicon Valley
Business

A Startup in the New Jersey Suburbs Is Battling the Giants of Silicon Valley

It’s not just Nvidia. There is another big winner of the AI boom—and it’s now competing with some of the world’s most valuable companies. Source

Schulman Having Bumpy Landing After Taking PayPal to New Heights
Business

Schulman Having Bumpy Landing After Taking PayPal to New Heights

With the company’s market value having plunged nearly $300 billion since its July 2021 peak, CEO Dan Schulman is relinquishing the reins after nine years.

Vital Natural Gas Is Being Stashed in Caverns Beneath War-Torn Ukraine
Business

Vital Natural Gas Is Being Stashed in Caverns Beneath War-Torn Ukraine

Commodity merchants are pumping billions of cubic meters of natural gas into Ukrainian reservoirs, hoping the war doesn’t disrupt potential profits. Source link

Jeffrey Epstein Advised Sergey Brin With Tax Shelter
Business

Jeffrey Epstein Advised Sergey Brin With Tax Shelter

Epstein was advising Google co-founder Sergey Brin in 2007 on setting up a tax-saving trust for his children, according to new court documents. Source link

Apollo-Led Lenders Sell Yellow Loan to Citadel
Business

Apollo-Led Lenders Sell Yellow Loan to Citadel

The firm exited its loan investment after rival lenders offered better terms to finance Yellow’s liquidation. Source link

Carl Icahn Should Be Sailing Into the Sunset. Instead, He’s Scrambling to Save His Empire.
Business

Carl Icahn Should Be Sailing Into the Sunset. Instead, He’s Scrambling to Save His Empire.

Listen to article (2 minutes) In 2020, Carl Icahn tapped his son, Brett, to eventually take over his eponymous investment empire, whose value had surged