Allstate Corp CEO eyes climate insurance plan under potential Biden win

Allstate Corp ALL.N wants a potential Democratic administration to back a taxpayer-funded program that would pay for losses caused by the largest climate-change fueled natural disasters, the Illinois-based insurer’s chief executive said. Democratic presidential challenger Joe Biden was leading Republican incumbent President Donald Trump in electoral college votes on Wednesday evening, as the ballot count […]

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It’s a joke’: retail investors shocked as China halts Ant Group’s IPO

Mom-and-pop investors who put in bids worth a record $3 trillion in China’s Ant group – equivalent to Britain’s annual economic output – were stunned after regulators abruptly suspended what would have been the world’s largest stock market debut. China blocked the fintech giant’s $37 billion listing on Tuesday, thwarting its debut in Hong Kong […]

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