US insurers’ profits double as price rises exceed extreme weather claims

Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. US property and casualty insurers nearly doubled their earnings between 2023 and last year despite costly extreme-weather events, according to research that highlights the pay-off from several years of rising customer prices. A survey of … Read more

The US government has most to gain from ‘OpenAI for countries’

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The writer is a fellow at Stanford University’s Institute for Human-Centered Artificial Intelligence and the Cyber Policy Center. She is the author of ‘The Tech Coup’ OpenAI has a new pitch for the world’s governments: … Read more

They smelt the future – and took it online

The indie director: Scout Dixon West @scoutdixonwest, 144.3k followers There’s a cinematic moodiness to Scout Dixon West’s Instagram feed that makes sense on discovering she’s a scriptwriter and a former model, one who can still work the camera with a smoulder that matches her eponymous perfume brand. Growing up in northern California, Dixon West, 28, … Read more

Walmart is supercharging revenue — but with fewer workers

The thousands gathering at Walmart’s employee jamboree this week will celebrate record-breaking revenue, newly opened stores and a market-beating stock price.  One thing that is not expanding at Walmart is the number of employees. Walmart, the largest US private sector employer, counted 2,165,465 staff worldwide as of the end of last year. That was almost … Read more