US gets hit with another credit downgrade — agency warns of ‘sustained deterioration’ of finances and ‘weakening’ governance. What you need to know

This article adheres to strict editorial standards. Some or all links may be monetized. It wasn’t that long ago that Moody’s knocked America’s sovereign credit rating down a peg — and now, the U.S. is taking another hit to its credit score. This time, it’s Scope Ratings sounding the alarm, warning that Uncle Sam’s financial […]

Millions of US drivers just scored $1B in ‘auto insurance refunds’ from Progressive. And more expected to follow. Are you entitled to a fat check?

This article adheres to strict editorial standards. Some or all links may be monetized. You may be accustomed to paying your auto insurance company — millions of Americans do it every month without a second thought. But, in a welcome reversal, some drivers are getting a billion-dollar refund. Florida Governor Ron DeSantis announced that Progressive […]

Buffett’s latest $9.7B acquisition has the hallmarks of a Berkshire deal — why the legend might have a ‘surprise or two’ left before he steps down

Berkshire Hathaway, with Warren Buffett still at the helm, announced on Oct. 2 its acquisition of OxyChem, Occidental Petroleum’s chemical business, for $9.7 billion in cash. Throughout his lifetime, Buffett has stood by the tenets of value investing — seeking out companies with stock prices that are lower than the intrinsic value of the business. […]

The Hudson’s Bay stripes are back!

For more than two centuries, the bold green, red, yellow and blue stripes of the Hudson’s Bay Company have been a fixture of Canadian households from coast to coast. They’ve been stitched into blankets that warmed generations of individuals and were embossed on mugs, scarves and mittens that many proudly called their own. So when […]