Bessent Blasts JPMorgan Over ‘Terrible’ Oil-Insurance Analysis
Treasury Secretary
Treasury Secretary
The Roman Catholic Diocese of El Paso, Texas filed for bankruptcy, driven by financial strain from litigation over allegations of decades-old clergy sex abuse.
The Iran war rattled but didn’t break Wall Street this week. Instead it exposed the limits of
US oil posted the biggest weekly gain on record as the war in Iran upends critical energy market flows, with shipping through the Strait of Hormuz at a near-total halt.
The Trump administration announced a $20 billion reinsurance program aimed at reviving shipping in the Strait of Hormuz, where traffic has all but stopped amid the US and Israeli attacks on Iran.
The IRS acted within its authority when issuing a reporting regulation identifying some micro-captive insurance arrangements as tax abusive, a federal judge in Tennessee held, rejecting a challenge to the rule.
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The widening conflict in the Middle East is stoking fears over a global energy crunch as exporters scramble for routes out of the region while a swath of refineries reduce output.
The surge in yield premiums on US investment-grade bonds of insurers, triggered by concerns around exposure to private credit, is “overdone,” according to


A growing number of businesses are suing their insurers over denied business interruption insurance claims due to the Covid-19 pandemic. But will they be successful?
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