Tag: major

SCOTUS seems determined to dismantle the administrative state. It will make regulating major industries tougher.

SCOTUS limited federal agencies’ regulatory powers with two recent rulings. One legal expert said the high court is clearly “hellbent” on dismantling the administrative state. Because of the rulings, the regulation of essentially all major industries will be tougher. In two separate rulings over the last 48 hours, the conservative majority of the United States Supreme […]

State Farm seeks major rate hikes for California homeowners and renters

State Farm General is seeking to dramatically increase residential insurance rates for millions of Californians, a move that would deepen the state’s ongoing crisis over housing coverage. In two filings with the state’s Department of Insurance on Thursday signaling financial trouble for the insurance giant, State Farm disclosed it is seeking a 30% rate increase […]

A breakdown of major rulings this term

The Supreme Court issued three more decisions on Friday, including one regarding Jan. 6, 2021 which marks the first time the justices have weighed in on the Capitol riots. On Thursday, the top court in the United States ruled that certain Idaho hospitals must provide emergency abortions when a woman’s health is at risk — […]

Tesla Investors Brace for Big Share Price Moves as Major Catalysts Loom

(Bloomberg) — A rare streak of tranquility in Tesla Inc. shares is about to end, as investors brace for three crucial events over the coming six weeks that could bring back the wild swings often associated with the electric-vehicle maker’s stock. Most Read from Bloomberg In less than a week, the Elon Musk-led company will […]

China plans major reforms amid sluggish economic growth, Xi says

China’s President Xi Jinping has called for the building of “bridges” in the global economy as his nation struggles to reignite growth following the end of strict Covid-19 measures. Beijing continues to grapple with trade and territorial disputes with neighbours and trading partners, and is beset by a debt crisis in the property sector, persistently […]

American car makers fare well in major study

The Big Three automakers fared well in the J.D. Power 2024 U.S. Initial Quality Study released Thursday, with General Motors and Stellantis, which makes Dodge, Chrysler, Jeep, Ram and Fiat vehicles, finishing near the top for quality, along with some Asian and European premium brands. Ram ranked as the highest brand overall for quality, followed […]