Insurance Technology Firm Hippo to Merge With SPAC in $5B Deal

Insurance Technology Firm Hippo to Merge With SPAC in $5B Deal

Launched in 2015, Hippo offers homeowners insurance to consumers, and says customers can get an insurance quote within a minute and buy a policy within 5 minutes. It will have $1.2 billion in cash once the transaction closes, which is expected midyear. The …
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Why Fisker, QuantumScape, and Workhorse Group Stocks Are Falling Today

Fisker said that its Ocean electric SUV will be followed in 2023 by a second model built by Foxconn. Image source: Fisker, Inc. That said, each of these three companies may have been …
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A Bailout Of Texas's Grid Operator Is Inevitable And It Will Cost Ratepayers Billions

As the losses, lawsuits, and bankruptcies caused by the Texas Blackouts pile up, it’s no longer a question of if the state will have to step in and rescue the Electric Reliability Council of Texas, it’s a question of when it will happen and how much it will cost to …
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Gap sales miss estimates due to pandemic closures and restrictions

Analysts polled by FactSet expected the retailer to report adjusted earnings of 19 cents a share on sales of $4.66 billion. Advertisement. Gap Chief Executive Sonia Syngal said in a statement that …
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Hudsonville Ice Cream celebrates 3rd Pint Day holiday with 25000 pint giveaway

This Saturday marks the celebration of something much colder and sweeter in the Midwest — ice cream pints. Hudsonville Ice Cream created Pint Day in 2019 to celebrate the company’s new product lines: Extra Indulgent and Dairy …
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