Washington, IMF Managing Director Kristalina Georgieva told a Milken Institute conference on Monday that the continuation of the war in the Middle East into 2027 would push inflation higher and could force oil prices toward about $125 per barrel, undermining the IMF's reference forecast and placing the lender's adverse and...
United States: Democratic-led states and some cities have advanced higher-tax proposals this spring, prompting relocations and reactions from officials. In March, Starbucks announced a $100 million Nashville office; former CEO Howard Schultz moved to Miami after a 9.9% millionaires tax. Seattle Mayor Katie Wilson commented in April about wealthy departures,...
Washington — Elon Musk agreed this week to settle a U.S. Securities and Exchange Commission civil lawsuit by having a trust in his name pay a $1.5 million civil penalty, the parties disclosed in federal court in early May 2025. The SEC had alleged an 11-day delay in disclosing Musk’s...
SACRAMENTO, Calif. — California Insurance Commissioner Ricardo Lara announced Monday that the Department of Insurance is seeking millions of dollars in penalties and a one-year restriction on writing new policies for State Farm after investigators found hundreds of violations in the company’s handling of claims from the 2025 Los Angeles-area...
Washington — U.S. Treasury Secretary Scott Bessent on May 4 urged China to increase diplomatic pressure on Iran to reopen the Strait of Hormuz to international shipping, saying Beijing’s energy purchases sustain Tehran and that the issue will be discussed when President Trump meets President Xi Jinping on May 14–15...
Tampa, Fla. local outlets and officials reported this week that Hurricane Preparedness Week (May 3–9) is underway and spotlighted surveys showing about one in four residents remain unprepared; AAA and insurance professionals urged immediate steps such as reviewing coverage, assembling emergency kits, and confirming evacuation plans ahead of the June...
Orlando — Spirit Airlines abruptly ceased operations Saturday, cancelling flights and leaving thousands of passengers stranded at airports including Orlando International Airport and others nationwide. Travelers reported receiving notifications that service was winding down and were advised not to report to airports, prompting immediate searches for alternative transportation and emergency...
South San Francisco and Springdale: Twist Bioscience Corp. on Monday reported a $44 million loss in its fiscal second quarter, recording a loss of 71 cents per share (62 cents adjusted) and $110.7 million in revenue, while Springdale-based Tyson Foods Inc. on Monday reported $260 million in fiscal second-quarter earnings...
Garrard County, Kentucky — Authorities reported Ernest "Bud" Flynn, 83, was last seen Sunday, May 3, around 4 p.m. at 25 Kelley Ridge Road operating an orange Kubota tractor hauling hay; the Garrard County Sheriff's Office and local emergency management launched a search that day with assistance from Kentucky State...
Boston — Aura Biosciences announced on May 4 that it priced an underwritten public offering of common stock and pre-funded warrants, offering 39,591,000 shares and up to 3,800,000 pre-funded warrants at $6.00 and $5.99999 respectively; the company granted underwriters a 30-day option for additional shares. Boston and Philadelphia reports this week...
