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Business

2 insurance companies fail after Hurricane Ida

BATON ROUGE, La. (AP) — Insurance companies operating in Louisiana will be charged at least $100 million to pay the claims of two failed property insurers who went belly up in Hurricane Ida’s aftermath. But the cost of dealing with the insolvent insurers ultimately will fall on the state ...

No currency manipulator labels from US, China placed on watch

WASHINGTON (AP) — The Biden administration will not designate any country as a currency manipulator, but it did name China, Vietnam and Taiwan among the nations that have failed to live up to global agreements not to use their currencies to gain unfair trade advantages. In a report to ...

Austin: Allies, innovation key to US competition with China

WASHINGTON (AP) — The Pentagon intends to work better with private industry to develop high-tech systems and to strengthen relations with allies in the Indo-Pacific region in order to maintain a competitive edge over China, Defense Secretary Lloyd Austin said Saturday. Speaking at the ...

Millennial money: Sustaining generosity beyond the holidays

2020 asked a lot from us. We faced new challenges and reckoned with old ones, and often the world’s problems collided with our own individual needs. Help — whether in donations or even just attention — might’ve been hard to give when you required some yourself. If your finances are in ...

US stocks rise as Wall Street steadies after omicron slide

NEW YORK (AP) — Wall Street steadied itself Monday after last week’s stock market slide caused by the newest coronavirus variant, with investors now waiting for more clues about just how much damage it may do to the economy. The S&P 500 rose 1.3% to recover more than half of its drop ...

Black Friday is back but it’s not what it used to be

NEW YORK (AP) — On this year’s Black Friday, things almost seem normal. Malls and stores report decent-sized crowds, if not the floods of people that used to fight over the latest toys and electronics — online shopping is much too common for that now, and discounts are both more ...