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...The analysts at Employ America have also highlighted auto insurance’s role in the recent gap between the CPI and the Fed’s favoured PCE indicator — and reckon that part of the gap could very possibly narrow...
...The only real financial harm I suffered was the cost of a replacement handset. In the past year, the UK was the number one country worldwide searching for gadget insurance, according to Google Trends....
...Buffett has long heaped praise on Apple’s management team and in 2022 he described the company as one of Berkshire’s “four giants”, alongside its insurance operations, the BNSF railroad and its energy and...
...During the pandemic, Americans desired more wheels, both stationary and mobile. Two of the standout winners of 2020 were Peloton, the pricey exercise bike company, and used auto retailer Carvana....
...Aviation is not the auto business . . . this is complicated.”...
...“It’s an absolute necessity for Xiaomi, a publicly listed company, to look for the next boom spot,” said Lam, adding that the size of the auto market is 10 times that of the smartphone business....
...Robinson and other experts have likened the probe to the payment protection insurance scandal, which dates back to the 1990s when banks mis-sold insurance to millions of customers, leading banks to later...
...Younger shoppers’ penchant for Apple Pay, auto-fill payments and buy now, pay later services is eroding the company’s share of the online payment market it once dominated. Growth has sputtered....
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...Its stock has lost more than three-quarters of its value since 2021’s peak, at a time when many video game companies are struggling to find growth in the console or mobile markets after the end of the Covid...
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
...The attorney-general’s lawyers further claimed Knight Insurance sent “100 per cent of its retained insurance risk to affiliates in the Cayman Islands”, where “lax regulations” allowed the company to bolster...
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...Operating profits from payments and mobile services have almost doubled in the past five years to €440mn last year, about 17 per cent of total....
...Since the collapse of several large US regional lenders last March, Blackstone has been buying assets from banks and managing them on behalf of its credit and insurance clients....
...Private capital firms have raised trillions of dollars either in dedicated funds or with insurance liabilities to create massive financial firepower....
...Financial Times readers will recognise Apax as one of the UK’s biggest buyout groups, which has taken companies such as Tommy Hilfiger private....
...“They think as a tech company, not a traditional auto company,” he said. Additional reporting by Wenjie Ding in Beijing and Edward White in Shanghai...
...first unionisation of an auto plant by a vote in the southern states since that decade and the first of a foreign-owned auto factory....
...Citi was also a leader on a $310mn loan to Sunbit, a buy-now, pay-later company that specialises in auto repair shops and dentist offices....
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
...Auto insurers have rapidly boosted prices for electric vehicle cover in the past year, much more than for fossil fuel cars....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...America’s home insurance crisis: Rana Foroohar uses her own experience to explain the difficulties of finding affordable home insurance in the US....
...The PPI scandal dates back to the 1990s when banks mis-sold a type of insurance product to millions of customers....
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