Following weeks of negotiations, insurance giant Chubb decided to back out of providing a $464 million appeal bond for former president Donald Trump in his civil fraud case. This decision came shortly after Chubb drew criticism for providing Trump with a bond in a separate case, prompting more than 30 other companies to also refuse
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The trade tensions between Europe and Beijing are reaching new heights as China’s ability to manufacture goods more cheaply in strategic industries continues to grow. Jens Eskelund, the president of the European Union Chamber of Commerce in China, expressed his concerns about this escalating situation. He described it as “the unfolding of a slow-motion train
Understanding the rules surrounding Social Security benefits can often feel like navigating a complex maze. However, for certain divorced individuals, there is a valuable quirk that can significantly impact their benefits. When a former spouse passes away, the monthly Social Security benefit that can be claimed based on their work history can essentially double. This
JetBlue Airways recently announced significant route cuts as part of its strategy to reduce expenses. The airline will be reducing its number of departures from Los Angeles International Airport, focusing on profitable transcontinental routes that include the Mint business class cabin. This decision comes after a failed attempt to acquire Spirit Airlines and issues with
As the federal tax deadline approaches, millions of Americans are rushing to file their returns. However, for U.S. expatriates, the situation is even more complicated due to additional filing rules. The burden of managing and filing U.S. taxes has reached a point where nearly one-third of American expats are either planning to renounce their citizenship
The Biden administration has made several announcements regarding student debt forgiveness for certain qualifying borrowers. To date, approximately 3.9 million individuals have had their loans forgiven, amounting to a total relief of $138 billion. However, for those who have not yet qualified for this assistance, the question remains – when will their turn come? Elaine
Ferrari CEO Benedetto Vigna recently announced the company’s plans to launch its first fully electric vehicle in the final quarter of 2025. The luxury carmaker is set to open a new production site in Maranello, Italy, in June to manufacture electric motors, battery packs, and power inverters. With an ambitious forecast that 60% of its
Recent data reveals that a significant number of college hopefuls are facing obstacles in completing their financial aid applications. The new Free Application for Federal Student Aid (FAFSA) has led to a 19% decrease in submissions compared to the previous year, amounting to about 2.8 million fewer applications as of the end of August. This
The cost of buying a home in the United States has risen significantly over the past six decades, far outpacing the rate of inflation. A recent study by Clever, a real estate data company, found that while inflation has only increased by 10 times since 1963, home prices have skyrocketed by 24 times. If home
In a groundbreaking move, the architecture industry is being transformed by the integration of artificial intelligence. Leading the charge is ICON, the developer behind the first fully 3D-printed housing developments in the United States. The company recently introduced Vitruvius, an AI program designed to streamline the process of designing custom homes online, making it more