Category: Finance News

Feb 26

Investors flee tumbling EV upstarts once hailed as ‘next Tesla’

Breadcrumb Trail Links Investor Energy Electric Vehicles Shares of Rivian, Lucid well off their peaks Author of the article: Bloomberg News Esha Dey Published Feb 26, 2024  •  4 minute read Join the conversation A Rivian electric vehicle sits in a lot at a Rivian facility in Chicago. Rivian’s stock plummeted more than 25 per […]
Feb 26

Millennials More Likely to Embrace AI in P&C Insurance than Other Generations, According to Insurity’s 2024 AI in Insurance Report

Article content The Insurity 2024 AI in Insurance Report sheds light on the evolving landscape of artificial intelligence (AI) adoption in the Property & Casualty (P&C) insurance industry with critical implications for insurers HARTFORD, Conn. — Insurity, a leading provider of cloud software for insurance carriers, brokers, and MGAs, today unveiled insights from its 2024 […]
Feb 26

Trans Mountain Pipeline Seen Driving Canadian Oil to Three-Year High

Article content (Bloomberg) — Canada’s relatively cheap heavy crude is set to spike temporarily in the coming months as a massive new export pipeline starts operations just as oil-sands companies curtail production.   Western Canadian Select’s discount to US benchmark West Texas Intermediate may shrink from its current level of about $17.10 per barrel to […]
Feb 26

XO Health Selects League to Power Industry’s First Fully Integrated Digital Member Experience

Article content The collaboration aims to deliver best-in-class navigation and advocacy support for ASO members LOS ANGELES — League and XO Health announced today an agreement to deliver a next-generation member experience for self-insured employers. The partnership will bring the industry’s most unified and integrated digital experience to market, including personalized navigation and advocacy support. […]
Feb 26

Royal Mail Faces Legal Battle Over Gig Economy Classification of Delivery Drivers

Royal Mail finds itself embroiled in a legal dispute as delivery drivers, represented by the Independent Workers’ Union of Great Britain (IWGB) and solicitor Leigh Day, challenge the classification of drivers as self-employed contractors. The case bears resemblance to the landmark ruling against Uber, highlighting broader concerns regarding worker classification and rights in the gig […]