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Rising labor costs are making AI stocks even more attractive

About 300 million full-time jobs across the globe could be lost (or greatly diminished) due to the recent boom in artificial intelligence, Goldman Sachs estimates. ....

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Climate change raising risks of financial disaster for home owners, insurers and bankers

The rising weather-related risks from climate change, from coastal hurricanes to western wildfires, are increasingly pinching insurance companies, which are raising rates and pulling back from parts of the country in an effort to stay in business. Just this summer, two major insurance companies left Florida, adding to the long list of companies that have… ....

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Biden Declares War on Your Appliances—and Your Wallet Is in the Crosshairs

Biden Declares War on Your Appliances—and Your Wallet Is in the Crosshairs
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DIANA FURCHTGOTT-ROTH: Biden Declares War On Your Appliances – And Your Wallet Is In The Crosshairs

President Biden’s unelected bureaucrats were never going to stop at taking away your light bulbs. Your gas powered car is next. ....

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Rio Tinto Sees Strong Iron-Ore Sales; Cuts Guidance for Alumina, Refined Copper -- Commodities Roundup

MARKET MOVEMENTS: Brent crude oil is up 0.4% at $79.93 a barrel. European benchmark gas is down 4.5% at EUR25.86 a megawatt hour. Gold futures are. ....

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