Author: Editor

The International Accounting Standards Board and the International Sustainability Standards Board held separate meetings in London this week to work on implementing and formulating standards for companies such as rate-regulated utilities and topics such as the statement of cash flows.The two global standard-setters operate under the oversight of the International Financial Reporting Standards Foundation and work together on developing standards. The IFRS Foundation formed the ISSB in 2021 in an effort to bring together the various standards developed by the former Sustainability Accounting Standards Board, Climate Disclosure Standards Board, International Integrated Reporting Council, Value Reporting Foundation and Task Force on…

Volunteers with New York Common Pantry help to prepare food packages Wednesday in New York City. Across the country, food banks and food pantries are preparing for a potential surge of people needing food as federal SNAP payments are set to be suspended on Saturday due to the federal government shutdown. Michael M. Santiago/Getty Images hide caption toggle caption Michael M. Santiago/Getty Images BOSTON — A federal court decision may come as soon as Thursday afternoon, which could avoid a total cutoff of federal food assistance to 42 million Americans that is set to begin Saturday. The Trump administration has…

A Delta Airlines plane takes off near the air traffic control tower at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, US, on Tuesday, Oct. 28, 2025.Samuel Corum | Bloomberg | Getty ImagesDelta Air Lines called on Congress Thursday to “immediately pass a clean continuing resolution” to reopen the U.S. government and pay air traffic controllers.U.S. air traffic controllers missed their first full paychecks on Tuesday as the government shutdown drags on through a fourth week with no end in sight while Republican and Democratic senators remain at an impasse.”Missed paychecks only increases the stress on these essential workers,…

America’s biggest bank wants every member of its more than 300,000-strong workforce to be an expert on how to juice AI.The bank, with its $18 billion technology budget, has invested extensively in AI development. Now, it’s turning its attention to a firmwide training push. The goal? To educate its worldwide workforce on how to make AI work for every single employee — not a one-size-fits-all approach, Derek Waldron, chief analytics officer at JPMorgan Chase, said in an interview with McKinsey about the bank’s AI adoption strategy.”Training needs are varied, just like AI applications. The best way to approach this is…

Drone view of damage to coastal homes after Hurricane Melissa made landfall, in Alligator Pond, Jamaica, Oct. 29, 2025. Maria Alejandra Cardona | ReutersHurricane Melissa, the most powerful Atlantic hurricane of the year, made landfall this week as a Category 5 storm in Jamaica. The strength of the storm means it will likely trigger a full payout from a catastrophe bond designed to provide funds to the island in the event of catastrophic weather events.The $150 million catastrophe bond, structured by Aon, is intended to help the island’s people rebuild after natural disasters by providing Jamaica parametric coverage against losses…

An aerial view of homes in a neighborhood on Aug.27, 2025 in San Francisco, California.Justin Sullivan | Getty ImagesWhile the Federal Reserve cut its benchmark interest rate this week, mortgage rates responded by doing just the opposite.The average rate on the 30-year fixed mortgage has jumped 20 basis points since Chairman Jerome Powell announced the cut on Wednesday and held a news conference, according to Mortgage News Daily.This happened the last time the Fed lowered its rate as well, and the reason is pretty simple: the bond market had already priced in a cut, but it didn’t like the commentary…

2025-10-30T17:27:01Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Hurricane Melissa devastated Jamaica when it made landfall on Tuesday. Satellite images show the extent of damage the island sustained. The deadly hurricane has left more than half a million people in Jamaica without power. Hurricane Melissa wreaked catastrophic damage in Caribbean communities after it made landfall on Tuesday.The…

A Honda sedan moves down the assembly line on Jan. 28, 2025 at the automaker’s assembly plant in Marysville, Ohio. Michael Wayland / CNBCGlobal automakers are once again bracing for production disruptions due to a potential shortage of automotive semiconductor chips, this time sparked by the Dutch government amid geopolitical tensions between the U.S. and China.Honda Motor became the first known automaker this week to reduce production due to the problem that involves chips from Netherlands supplier Nexperia, which is owned by Chinese company Wingtech Technology Co.The industry was hopeful that a meeting this week between President Donald Trump and Chinese…

A Chipotle logo is displayed on a sign at a shop on June 1, 2025 in Washington, DC.Kevin Carter | Getty ImagesShares of Chipotle Mexican Grill tumbled as much as 19% in morning trading on Thursday after the company cut its full-year same-store sales forecast for the third straight quarter.Including Thursday’s move, the stock has fallen 45% this year, dragging its market value down to roughly $43 billion. At least five Wall Street analysts have cut their price targets for the stock after the report, anticipating investors’ displeasure with the burrito chain’s shrinking traffic and gloomy outlook.”It’s difficult to call…

In 2015, I was pursuing my MBA at IESE Business School in Barcelona when I started exploring an interest that would change my life forever.It all started one weekend when I took an introductory course from the Wine and Spirits Education Trust at the Barcelona Wine School — not to fulfill a credit requirement or adhere to a counselor’s advice, but because I was genuinely curious about the world of wine.After graduating from Level 1, where I gained basic wine knowledge of the main styles and grape varieties, I continued learning about regional terroirs and understanding wine appellations and labels…