Homeowners insurance is becoming more expensive and, in many places, more difficult to find. There’s no sign that the situation is going to get better any time soon. The culprits: climate change, rising costs to rebuild or make repairs and a sharp increase in the premiums from reinsurance companies that…

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Phishing attacks in the world of non-fungible tokens (NFTs) have taken a concerning turn as school children allegedly steal millions of dollars’ worth of NFTs to splurge on coveted Roblox skins.The new and disturbing trend was highlighted by The Block in an article this weekend, which said a growing number…

Navigating Today’s Environment It’s Just Math Beginning in March 2022, the Federal Reserve (Fed) raised interest rates at the fastest pace since the 1980. Financial markets are now pricing in for the central bank to be near the end of its hiking cycle (Figure 1). Figure 1: The Fed may…

A submersible used to carry tourists and scientists to view the wreckage of the RMS Titanic was reported missing on Monday, prompting a search and rescue operation in the north Atlantic ocean. The vessel, operated by OceanGate Expeditions, was diving to view the remains of the passenger liner, which sank in…

As the US Army moves to a new way to measure soldiers’ body fat, officials acknowledged Wednesday that some soldiers who had previously passed under the old regulations may now fail under the new. The Army is changing its tape test – a method to measure soldiers’ body fat by…

BlackRock, the world’s largest asset manager, has filed an application for a spot bitcoin exchange-traded fund. There are currently no such products in the U.S. The SEC approved several bitcoin BTCUSD, +0.68% futures-based ETFs in the past, but has yet to greenlight anything that is backed by bitcoin itself. BlackRock…

Coinbase Global Inc.’s bonds slipped further into distressed territory Wednesday, a day after the U.S. Securities and Exchange Commission filed charges against the platform as part of its broader crackdown of the crypto industry. Prices on its most-active 3.375% bonds due in October 2028 fell to about 60.44 cents on…

California’s groundbreaking reparations task force is set to disband at the end of the month when it submits its final report to the legislature, but task-force member Reggie Jones-Sawyer’s work on its behalf will continue into next year. That’s when the state assemblyman and his fellow task-force member State Sen.…

Democrats in the House and Senate pushed a new bill Friday that would overhaul the debt-ceiling process, the Wall Street Journal reported. The move was timed to capitalize on anxiety over what has become regular brinkmanship using the country’s borrowing limit to try to push other agendas. Backers of the new…