Irrelevant Europe

Federal Prosecutors Probe Guggenheim, Billionaire Dem Donor Walter's Insurers Federal investigators are taking a closer look at billionaire Mark Walter's financial empire, with criminal and regulatory inquiries now spanning Guggenheim Partners and two life insurance companies under his control, according to Bloomberg. The investigation, which began last year, initially focused on Guggenheim's $362 billion asset management business before expanding to Delaware Life Insurance Co. and Clear Spring Life and Annuity Co., according to people familiar with the matter. Bloomberg writes that both insurers revealed in recent regulatory filings that they were served...

Jeep-Maker Stellantis Signs AI Deal With Microsoft Stellantis and Microsoft are teaming up in a five‑year strategic deal to accelerate the deployment of AI across the automotive company's large portfolio of brands, including Alfa Romeo, Chrysler, Jeep, Maserati, Peugeot, and others. The companies plan to develop more than 100 AI initiatives across customer care, product development, and operations. These include predictive maintenance, AI-assisted testing and validation, faster rollout of digital features, and personalized in-car services. "By leveraging AI‑driven insights from secure, encrypted data, Stellantis reaffirms its commitment to put customers at...

Better Off? How Generational Progress Slowed In The US Bettering yourself financially or at least giving your children the opportunity for a more prosperous future has driven people to emigrate to the United States for generations. But is the next generation still better off in this day and age? The answer is yes, but not by that much. At least, as Statista's Katharina Buchholz reports, this is the verdict given in a discussion paper published by the Federal Reserve Board of Washington D.C. in 2024.  It concludes that millennials' median household income at 36 to...