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Daily Business Review

Insurance Pressures Continue After Hurricane Nicole

CoreLogic, a property-information and analytics firm, released an early estimate that said Hurricane Nicole's privately insured losses will be around $750 million.
5 minute read

Daily Business Review

COP27 Deal Looks Distant as Loss and Damage Slows Process

The most contentious issue on the table is how developed nations should compensate developing countries for the climate-fueled extreme weather events they suffer despite not significantly contributing to greenhouse gas emissions.
6 minute read

Daily Business Review

Miami Heat's Arena Will Get New Name After FTX Collapse

Miami-Dade County, which owns the arena and negotiated the naming rights deal, struck the agreement with FTX in March 2021.
2 minute read

Daily Business Review

Bankman-Fried's Downfall Sends Shock Waves Through Crypto

Sam Bankman-Fried, who founded FTX in 2019 and was recently valued at $32 billion, attracted investments from the highest echelons of Silicon Valley.
6 minute read

New York Law Journal

Bankers Beware: The Judicial Divide Over Customary Investment Banking Fees

Over the past few decades, a deep split has developed between New York's state and federal courts over the enforceability of fee provisions incorporating general commercial practice. The First Department has upheld them, but federal judges in the Southern District have invalidated them as unenforceable "agreements to agree."
8 minute read

Daily Business Review

Yellen Says Don't Read Too Much Into Cooling CPI Data

The Treasury chief has spoken in recent weeks about seeing signs that inflation would begin to slow, but emphasized that some sectors would continue to fuel steep price increases.
3 minute read

Daily Business Review

Is Time Up for the Dollar's Rally? Not So Fast, Strategists Say

Investors had been trimming bets on the dollar ahead of U.S. inflation data, with a slowdown in prices leading it to get pummeled in the index's worst one-day performance since 2009.
3 minute read

Daily Business Review

Bankman-Fried's 'Effective Altruism' Implodes With His Fortunes

Before his downfall, Sam Bankman-Fried focused his charitable endeavors on effective altruism, the idea of trying to have the greatest impact by carefully spending money to solve problems.
4 minute read

Daily Business Review

Trump-Tied SPAC Has Wild Ride Triggered by Midterm Elections

The volatility shows how closely tied Digital World Acquisition Corp. is to former President Donald Trump's perceived political power, with all the risks that come with that.
4 minute read

The Legal Intelligencer

Class Action Accusing BOA of Inadequate Notice Before Reposessions Hits Federal Court

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

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