Bitcoin is on a tear. The largest cryptocurrency has surged more than 20% in the past four days, hitting an all-time high. In contrast, the S&P 500 has declined slightly over that period. On Wednesday, the price of Bitcoin exceeded $64,000 for the first time since November 2021. The surge was fueled by an explosion … Read more
WHill Kate Middleton has been absent from royal duties for two months due to “planned abdominal surgery”, leaving the British public full of speculation about what is going on with their future queen consort. but The royal family has always walked a fine line between balancing private health matters with the public disclosures they serve. … Read more
A Pennsylvania insurance agency is denying allegations that it is responsible for denying a 2023 fire insurance claim by the owners of a Pittsburgh apartment building and voiding the property’s policy due to misrepresentations related to a shooting at the property in 2022. The independent insurance agency said the building owners never told them about … Read more
Footnotes 1 This article relies primarily on data from the Stanford Law School Securities Class Action Clearinghouse. Current Trends in Securities Class Action FilingsStanford Law School Securities Class Action Clearinghouse (last accessed February 14, 2024). 2 Olga Kharif and Yuki Yang, Crypto hedge funds gear up for ‘token frenzy’ after 2023 reboundBloomberg (December 27, 2023). … Read more
The New York Supreme Court has ruled that restaurants’ business losses from the coronavirus are not covered Consolidated Restaurant Operations, a company that owns and operates dozens of restaurants, has acquired a commercial property policy from Westport Insurance Company. Subject to certain exclusions, the policy covers “all risks of direct physical loss or damage to … Read more
Underwriters often have hundreds of pages of documents to sort through but probably not for long. Insurance carriers are using generative AI as copilots in back-office operations. Copilots can act as chatbots, virtual assistants, search engines and productivity tools. Deloitte principal Sandi Suhrada said the technology can be used across the value chain in insurance, … Read more
Almost every lawmaker remembers their first “bad” score from the Congressional Budget Office, the nonpartisan organization that estimates the budget and economic effects of legislation. Rep. Diana Daggett, D-Colo. For, when she tried to pass a bill mandating Medicare and Medicaid coverage of tobacco cessation services, including counseling and drugs. At the time, the CBO … Read more
A BlackRock exchange-traded fund (ETF) that invests in Bitcoin (BTC) saw record inflows of $520 million on Wednesday, the largest daily inflow for any US ETF across the asset classes so far this year. All this comes as BTC’s price tests $64,000 and is just one step away from the 2021 all-time high. The market … Read more
In 2023, the so-called The “Magnificent Seven” stocks produced an outstanding average return of 111%. The Nasdaq Composite indexIn comparison, increased only 43%. The artificial intelligence boom, along with investors’ general appreciation for major tech companies, has sent shares soaring. But we have to evaluate the current situation with fresh eyes. If you want the … Read more
The Shiba Inu (SHIB 9.84%) The cryptocurrency is no longer writing the headlines, but many investors still pin their hopes on this meme coin for the next sector-wide bull run. It is still one of the 20 largest crypto names measured by market cap, with strong daily trading volume. Unfortunately, I don’t see much real-world … Read more