AI disruption fear might strike auto insurers. Two stocks are in the crosshairs

AI disruption fear might strike auto insurers. Two stocks are in the crosshairs

Artificial intelligence could shake up car insurance stocks as autonomous vehicles become more ubiquitous. That’s bad news for Progressive and Allstate , according to BMO Capital Markets. In a Thursday note, analyst Michael Zaremski said that the total addressable market for personal auto insurance could peak at about $560 billion around the year 2040. From…

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Trump Treasury Sec. Bessent to speak with Chinese trade counterpart on Friday

Trump Treasury Sec. Bessent to speak with Chinese trade counterpart on Friday

Treasury Secretary Scott Bessent will speak by phone on Friday with Chinese Vice Premier He Lifeng to discuss the ongoing trade negotiations between the United States and China, a senior Trump administration official told CNBC’s Eamon Javers. Additional details about the call, including the specific time it would take place or the next steps that…

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