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Those who find extensive damage to their roofs might be stuck between two options: File an insurance claim, which could trigger a premium increase, or cough up the cash for the necessary repairs or replacement.

Former Apollo Global Management CEO Leon Black, in prepared testimony for a House committee on Friday, said notorious sex offender Jeffrey Epstein duped him out of more than $60 million in financial advisory fees by falsely claiming that they were tax-deductible.Black says he had no involvement in Epstein’s sex-trafficking operation and did not pay him for access to women.He said that he was misled by Epstein’s Jekyll-and-Hyde personality in a prepared opening statement, which was shared with CNBC.Former CEO of Apollo Global Management Leon Black arrives to testify at a closed-door interview with the House Oversight Committee on Capitol Hill…

CEO of OpenAI Sam Altman waves as he speaks with reporters, following meetings on Capitol Hill in Washington, June 3, 2026.Kylie Cooper | ReutersThe outlook for an initial public offering from artificial intelligence platform OpenAI is changing after a New York Times report said the company may delay a debut on the public market until next year. So when might the company formally announce an IPO? Traders on prediction market platform Kalshi think it will now arrive early next year. Speculators say that there’s a 59% chance that an IPO by OpenAI is officially announced by March 1, 2027. Traders place only…

Just days after investors dumped AI stocks on fears that valuations had gotten too high, Micron Technology () returned with a bang. The memory-chip giant reported quarterly results that crushed expectations, and even issued a stronger-than-expected outlook. This showed that customers have committed $22 billion to secure future chip supplies. The update sent Micron shares soaring more than 15% in after-hours trading. The rally also helped boost sentiment in the technology sector and brought back gains in semiconductor stocks. Micron Delivers Another Massive Earnings Beat Micron’s latest results showed how much demand there is for AI infrastructure.The company reported a revenue of…

Abstract We examine the effects of tariffs in a two-country specific-factors model with endogenous illegal immigration. While tariffs generate the usual terms-of-trade gains in goods markets for the host country, they also raise wages and attract additional illegal immigration. Increased immigration-related costs and higher wage costs of hiring immigrants may reduce the welfare of citizens of the host country. We also show that within the context of our two-nation framework, free trade need not maximize joint welfare when illegal immigration and certain immigration-related costs are present. Finally, we analyze a sequential game in which the host nation announces a contingent…

Allegra Marketing Print Mail in Urbandale has awarded print, marketing and mail services to the Urbandale Community Action Network through its 2026 FootPRINT Fund program, an annual initiative providing donated services to nonprofits. Over the past decade, the program has contributed more than $125,000 in services across the region. The company also recently hosted a promotional products showcase for local businesses, featuring vendor exhibits, networking opportunities and branded merchandise demonstrations aimed at enhancing customer engagement. Additionally, Allegra Des Moines received a Systemwide Sales Growth Award from Alliance Franchise Brands, recognizing it among the top 10 franchise locations for year-over-year revenue…

Speeches by the governors of national central banks in the Eurosystem have a similar effect on bond yields to those by European Central Bank executive board members, a new paper finds – though the governors’ influence is still dwarfed by that of the ECB’s president.Klodiana Istrefi, a principal economist at the ECB, wrote the paper with Florens Odendahl from the Bank of Spain and Giulia Sestieri from the Banque de France. It was published on June 20.The three researchers created a dataset Only users who have a paid subscription or are part of a corporate subscription are able to print…

For centuries, institutions have played a central role in organizing society. Governments enforce laws, banks facilitate financial transactions, courts resolve disputes, and corporations coordinate economic activity. These institutions exist because trust is difficult to establish between strangers. They provide rules, oversight, and accountability that enable large-scale cooperation.Today, advances in software, blockchain technology, artificial intelligence, and smart contracts have sparked a provocative question: Can code replace institutions?While code is increasingly taking over functions traditionally performed by institutions, the answer is more nuanced than a simple yes or no. Rather than completely replacing institutions, code is reshaping how they operate and challenging…

The Zacks Coal industry is facing multiple headwinds as the use of coal in U.S. thermal power plants continues to decline. Per the U.S. Energy Information Administration (“EIA”), in 2026, demand for coal is projected to decline as usage of renewable sources increases for electricity generation. In addition, given the ongoing energy transition, marked by utility operators systematically phasing out coal assets, coal demand is expected to drop in 2026.Amid the ongoing drop in coal usage and production, investors can watch coal stocks like Core Natural Resources, Inc. CNR, Alliance Resource Partners ARLP and Ramaco Resources METC, which have high-quality…

The competitive landscape for enterprise banking in New Zealand is facing a major digital overhaul. Revolut, the global financial super-app commanding a network of more than 75 million users worldwide, has officially gone live with Revolut Business across New Zealand. The geographic expansion marks a significant push into the Asia-Pacific (APAC) B2B sector. Globally, Revolut’s business vertical has matured into a powerhouse, with annualized revenues recently scaling past $1.65billion NZD while supporting a base of more than 800,000 corporate clients. The B2B rollout follows a period of hyper-growth for Revolut’s local consumer segment in the country, which recently recorded its…