June 3, 2026

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Ford Recalling 420,000 US Vehicles Over Seat-Belt Issue

Ford Motor will recall 419,967 vehicles in the U.S. as seat belts that do not retract or extend properly can fail to restrain occupants as intended, increasing the risk of injury in a crash, the U.S. auto regulator said on …

Natural-Disaster Insurance Gap Now Tops $420B Globally, Swiss Re Says

The value of uninsured natural-catastrophe losses rose more than 7% globally last year to $424 billion, with North America the most exposed region, according to a fresh analysis. While insurance coverage has broadly kept pace with rising catastrophe exposure, the …

Car Owners Shocked by $200 Gas Bills Finally Embrace Used EVs

Eric Flickinger reached his breaking point this spring while filling up his Ram 1500 pickup with diesel that cost $7.39 a gallon. When the pump clicked off, it read exactly $200. As if that weren’t painful enough, when he hopped …

Alphabet Planning to Raise $80 Billion for AI Goals, Berkshire to Invest $10B

Alphabet is looking to raise $80 billion in equity offerings, including via an investment deal with Berkshire Hathaway, the Google parent said on Monday, in its aggressive push to fund a costly expansion of its AI infrastructure. The deal also …

Shipper Escapes $41.9M Award for Man Paralyzed When Lights Fell From Pallet on Him

A worker who suffered serious injuries in 2017 after a 1,300-pound load of lighting fixtures fell onto him has lost the $41.9 million he was awarded by a jury in October 2022. The Connecticut Appellate Court this week overturned the …

Canada Seeking 16-Year USMCA Renewal, Sector Tariff Discussions in Trade Talks

Canada sent a letter to the United States and Mexico on Tuesday outlining its recommendations to renew a trilateral trade agreement for 16 years while seeking parallel talks on sectoral tariffs ahead of a meeting between Canadian and U.S. trade …

Report: Extreme Weather to Drive $20 Trillion in Spending

Extreme weather will likely spur more than $20 trillion in global spending over the next decade, boosting sales and earnings for reinsurers and companies involved in energy efficiency and climate security, according to analysts at Bloomberg Intelligence. Returns for a …

Trump Administration to Ask AI Firms to Voluntarily Submit Models for Cybersecurity Tests

The Trump administration will ask leading AI developers to voluntarily submit their most capable models for government cybersecurity tests before releasing them to the public, according to an executive order released on Tuesday, as security fears mount in Washington over …