Hawaiian Electric Industries Inc. pegged losses from estimated accrual of liabilities stemming from one of the worst wildfires in US history at $1.7 billion and issued a going-concern warning. Hawaiian Electric said Aug. 2 that it had agreed to pay almost $2 billion as part of a $4 billion settlement to resolve hundreds of lawsuits
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The U.S. economy has remained remarkably strong even amid persistent inflation and high interest rates. And yet, 59% of Americans falsely believe that the U.S. is currently in a recession, according to a recent survey of 2,000 adults by Affirm in June. Citing higher costs and difficulty making ends meet, most respondents said they think
Merrimack College’s private partner is selling almost $100 million dollars of bonds for the school’s new housing project. The private Massachusetts college is employing a public-private partnership as it takes advantage of its rare position as a Northeast liberal arts school with rising enrollment. “This is a new way of funding needs of institutions in
This article was featured in the One Story to Read Today newsletter. Sign up for it here. Updated at 9:17 a.m. ET on August 7, 2024 In the long, sweaty line for Vice President Kamala Harriss Philadelphia rally yesterday, people said they were happy shed chosen Tim Walsh as her running mate. They were glad
close video Investors are ‘very, very fearful’ right now: Mark Tepper ‘Mornings with Maria’ panelists Kyle Wool and Mark Tepper discuss Warner Bros. Discovery reporting a double miss on earnings and revenue and the latest jobs data. Credit cards can serve as a powerful tool, but they also present risks to achieving your financial freedom.
close video Auto insurance rates skyrocket Nevada ranked the second highest auto insurance rates in the country, according to Insurify. Surging auto insurance premiums are revving up again, keeping the financial pressure on millions of Americans nationwide. A new report published by Insurify, an insurance comparison shopping site, shows the average U.S. rate for full
close video FOX Business Flash top headlines for August 5 Check out what’s clicking on FoxBusiness.com Candy sold at Walmart, Target, Dollar General and other stores across the U.S. has been recalled due to the risk of salmonella poisoning. "Palmer Candy Company, Sioux City, Iowa, is recalling its ‘White Coated Confectionary Items,’ because they have
Musk’s “illegal boycott” case — Elon Musks lawsuit over alleged X ad boycott a very weak case, professor says Law is unfavorable to X, but Musk filed suit in potentially friendly Texas court. Jon Brodkin – Aug 9, 2024 4:05 pm UTC EnlargeAurich Lawson | Getty Images reader comments 253 Antitrust law professors aren’t impressed
close video New Boeing CEO comes from good culture: Epstein Ron Epstein, senior aerospace analyst at Bank of America, weighs in on the current state of aerospace giant Boeing as the company names its new CEO. Boeing and the Air Force announced Friday that they reached an agreement on the pricing for a $2.56 billion
Brandi Schmitt and her family pose for a 2018 Christmas card in front of their Maryland home wearing protective gear, alluding to the water and mold damage in their home. Each year, Schmitt said they try to capture the family’s situation through their Christmas card. Courtesy: Brandi Schmitt When a nor’easter struck in 2018, intense
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House More Americans trust Kamala Harris to handle the US economy than Donald Trump, according to a new poll that marks a sharp change in voter sentiment following President Joe Biden’s withdrawal from
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A cooling tower at the Constellation Nine Mile Point Nuclear Station in Scriba, New York, US, on Tuesday, May 9, 2023. Lauren Petracca | Bloomberg | Getty Images Tech companies are increasingly looking to directly connect data centers to nuclear plants as they race to secure clean energy to power artificial intelligence, sparking resistance from
Democratic vice presidential candidate and Minnesota Governor Tim Walz (L), and Republican Vice Presidential candidate Sen. JD Vance (R-OH). Getty Images With the major party tickets finalized, many voters are watching the candidates for personal finance policy that could impact their wallets. Vice President Kamala Harris this week unveiled her running mate, Minnesota Gov. Tim
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A man walks past Kobayashi Pharmaceutical’s headquarters building in Osaka on April 2, 2024. Yuichi Yamazaki | AFP | Getty Images Company: Kobayashi Pharmaceutical (4967.T) Business: Kobayashi Pharmaceutical manufactures and sells pharmaceuticals and consumer products in Japan and internationally. The company operates in three segments: The Domestic Business and International Business segments offer health care,
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Municipals were little changed Friday and U.S. Treasuries were better while equities closed the week in the black, regaining much of the losses that hit Monday. Municipal issuance is expected to fall to about $7.4 billion next week as issuers take pause amid the market volatility. The 10-year AAA fell 30 basis points for the
As governor of Minnesota, Tim Walz has proposed some sweeping investments, including a $3.3 billion bonding bill that would have been the largest in the state’s history, and a $1 billion infrastructure package earlier this year. Some who’ve watched the evolution of the governor’s approach say the new Democratic nominee for vice president is a
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