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Hurricane Beryl-Related Damage May Cost US Insurers $2.7 Billion, KCC Says

Hurricane Beryl-Related Damage May Cost US Insurers $2.7 Billion, KCC Says

Hurricane Beryl is expected to cause approximately $2.7 billion in damages to US insurers, as estimated by catastrophe modeling firm Karen Clark & Co (KCC).


GM Receives $500 Million Grant From DOE For EV Production in Lansing Grand River Assembly Plant

General Motors (GM) has secured a $500 million grant from the US Department of Energy to support the production of EVs at its Lansing Grand River Assembly plant.

Marathon Oil Hit With $241.5 Million Penalty for Oil and Gas Pollution

Marathon Oil was fined $241.5 million for air quality violations at its Fort Berthold Indian Reservation oil and gas plants.

Tesla Delays Launch of Long-Awaited Robotaxi, Triggering 8% Drop in Stock Value

Elon Musk's Tesla shares fell 8% after reports that it would delay its Robotaxi debut by two months.


Latest News

Russia's Plot to Assassinate CEO of German Arms Firm Supplying Ukraine Thwarted by US, Germany
Russia's attempted assassination plot targeting Armin Papperger, CEO of Rheinmetall AG, a major German arms manufacturer supplying Ukraine, was thwarted by US and German authorities.
Elon Musk Vows to Restore Disney+ in Teslas if Disney Resumes Ads on X
Elon Musk promises to reinstate Disney+ in Tesla vehicles if Disney resumes advertising on his social media platform, X.
Elon Musk Offers Own Sperm to Colonize Mars --- Is It Possible?
The New York Times revealed that Elon Musk is intending to donate his own sperm to boost the colonization of Mars.
Biden Administration Grants $2 Billion to Boost EV Production Across Eight States
The United States government is providing approximately $2 billion in assistance to eleven car companies, including General Motors and Stellantis, aimed at bolstering electric vehicle production and expanding assembly facilities across eight states.
Rare Stegosaurus 'Apex' Fossil To Be Auctioned For $4-6 Million at Sotheby’s in New York
The near-complete fossilized remains of a 161-million-year-old stegosaurus named "Apex" will be auctioned at Sotheby's annual Geek Week series. The estimated sale price is between $4 million and $6 million.
Palestinians Accuse Microsoft of Unfairly Shutting Down Their Accounts, Disrupting Their Communications
Microsoft allegedly shut down accounts of Palestinians abroad, making them unable to connect to online services, including Skype, for communication with Gaza.
Grab's Trans-Cab Takeover Could Stifle Competition, Competition Watchdog Warns
The CCCS warns that Grab's proposed acquisition of Trans-cab could lead to unfair market dominance in Singapore's ride-hailing sector, reducing competition and boosting driver shortage.
IRS Recovers $1 Billion Unpaid Taxes From Wealthy Individuals
The IRS has successfully collected $1 billion in back taxes from high-wealth taxpayers under Biden's economic package, aiming to enhance tax fairness and compliance while facing potential budget cuts from Republicans.
Volkswagen to Mass-Produce Solid-State Batteries with QuantumScape Tech
Volkswagen is partnering with QuantumScape to develop solid-state batteries for future vehicles, aiming to enhance the energy storage capacity and safety of 1 million electric vehicles per year.
US Plans to Buy Up to 4.5 Million Barrels of Oil for Strategic Petroleum Reserve
The US Energy Department plans to buy up to 4.5 million barrels of oil to replenish the Strategic Petroleum Reserve (SPR).
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