Allstate has been ordered to face a lawsuit alleging the insurance giant tracked drivers through their cellphones without their consent and tried to cash in on the data to boost profits.

A federal judge in Chicago ruled Tuesday that drivers can move ahead with a proposed class action accusing Allstate of illegally collecting detailed cellphone data, including location, speed, braking, acceleration and phone use, Reuters reported.

The Illinois-based company is being accused of using that information to raise premiums and deny coverage, as well as selling the data to other insurers.

ALLSTATE SAYS CALIFORNIA WILDFIRES TO BRING COMPANY $1.1 BILLION IN LOSSES

An Allstate sign on March 16, 2020, in Melville, New York.  (Bruce Bennett/Getty Images)

Drivers may also seek to prove that Allstate’s data analytics arm, Arity, violated federal law by misreporting their driving behavior, according to Reuters.

The lawsuit alleges Arity’s tracking software was built into apps including GasBuddy, Fuel Rewards, Life360 and Routely.

The judge allowed drivers to proceed with claims under the laws of 20 states, while throwing out three of the 38 claims in the case.

Meanwhile, Allstate argued that drivers did not claim the company actually collected their data or raised their insurance rates. 

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The National Highway Traffic Safety Administration (NHTSA) on Sunday reinstated a sharp increase in penalties for automakers whose vehicles do not meet fuel efficiency requirements for model years 2019 and beyond. (Eduardo Munoz/Reuters)

The insurer also said its privacy policies made clear that data could be collected.

“Consumers who choose to share driving data through Arity-powered apps can access emergency assistance, track fuel efficiency and unlock personalized insurance rates after a clear notice and explicit opt-in process,” Allstate told FOX Business in an email.

The case combines 15 separate lawsuits filed against Allstate, Reuters reported.

HOMEOWNERS INSURANCE COSTS COULD SPIKE OVER NEXT 2 YEARS

The insurer also said its privacy policies made clear that data could be collected. (Tiffany Hagler-Geard/Bloomberg via Getty Images)

Insurance companies including Allstate, Progressive and Geico use telematics technology to track driving behavior, saying it can reward safe drivers with lower premiums, according to Reuters.

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In January 2025, Texas Attorney General Ken Paxton filed a similar lawsuit accusing Allstate and Arity of unlawfully collecting, using and selling Texans’ cellphone location and movement data through software embedded in mobile apps, including Life360.

Attorneys for the plaintiffs could not be immediately reached by FOX Business for comment.

Reuters contributed to this report.

This article was written by

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Tesla Inc.’s shares edged lower in early Thursday trading, reflecting a modest pullback after a strong gain the previous session, as investors weighed fresh optimism around the company’s autonomous driving and robotics ambitions against ongoing regulatory scrutiny and market volatility.

Tesla (NASDAQ: TSLA) opened around $401.57 and was trading at approximately $403.50 to $403.64 by mid-morning Eastern Time, down about 0.6% from Wednesday’s close of $405.94. The electric vehicle giant’s market capitalization hovered near $1.52 trillion, with intraday volume exceeding 12 million shares.

The modest decline followed a 3.44% surge on Wednesday, when shares closed at $405.94 after climbing from an open of $397.85 and ranging between $394.58 and $408.33. That rebound came on the heels of Bank of America’s decision to reinstate coverage of Tesla with a “Buy” rating and a $460 price target, implying roughly 14% upside from recent levels.

BofA analysts highlighted Tesla’s leadership in consumer autonomy, citing advances in Full Self-Driving (FSD) technology and its robotics ventures as key drivers. “Tesla is the current leader in consumer autonomy,” the firm noted in a client report, pointing to potential market share gains in a shifting regulatory landscape for electric vehicles and autonomous systems.

The upgrade injected fresh confidence into a stock that has navigated choppy waters in 2026. After hitting a 52-week high of $498.83 in late December 2025, TSLA has pulled back but remains well above its 52-week low of $214.25, achieved earlier in 2025. Year-to-date performance has shown resilience, with the stock up significantly from earlier lows amid broader enthusiasm for AI-integrated mobility solutions.

Tesla’s momentum stems partly from Elon Musk’s bold vision for artificial general intelligence (AGI) and humanoid robots, positioning the company beyond traditional automotive manufacturing. Recent commentary from Musk has emphasized Tesla’s role in leading AGI development, with ambitious timelines for robotaxi deployment and Optimus humanoid robot production.

Sales data has provided additional tailwinds. Reports indicate robust growth in Europe during February, suggesting a potential turnaround in key markets where EV adoption had faced headwinds from competition and economic pressures. Strong deliveries and expanding energy storage business have bolstered revenue streams, with trailing twelve-month figures showing solid contributions from non-auto segments.

Yet challenges persist. Tesla faces a critical deadline on March 9 to submit detailed data on its Full Self-Driving system to the National Highway Traffic Safety Administration (NHTSA), part of an ongoing investigation into traffic incidents and system performance. Analysts warn that any adverse findings could pressure the stock, particularly as regulatory oversight intensifies for autonomous technologies.

Wall Street remains divided on Tesla’s valuation. The stock trades at a lofty price-to-earnings ratio exceeding 377, reflecting bets on future growth from robotaxis, AI and energy rather than current automotive margins. Some analysts express caution over execution risks in Musk’s robotics push, while others see untapped value in software and autonomy.

” Tesla’s self-driving effort could be worth more than double its EV division,” one market analysis suggested, underscoring the narrative shift toward AI and robotics as primary value drivers.

Broader market context also influences TSLA. With interest rates and inflation dynamics in flux, growth stocks like Tesla remain sensitive to macroeconomic signals. However, renewed analyst confidence and positive sales indicators have helped stabilize sentiment.

Looking ahead, Tesla’s first-quarter earnings, expected around late April, will provide further clarity on delivery numbers, margins and progress on Cybercab and Optimus initiatives. Prediction markets and investor forums show mixed conviction on near-term milestones, but many view dips as buying opportunities amid long-term upside potential.

Tesla’s stock has historically been volatile, driven by product launches, regulatory news and Musk’s public statements. Wednesday’s gain illustrated how quickly sentiment can shift on positive catalysts, while Thursday’s early softness serves as a reminder of profit-taking and broader caution.

Investors continue to monitor developments closely, balancing enthusiasm for Tesla’s transformative technologies against execution hurdles and competitive pressures in the EV space.

As of mid-morning trading on March 5 (U.S. time), with markets still open, Tesla shares showed resilience near $403, down modestly but holding key support levels. The coming weeks, particularly around the NHTSA deadline and quarterly updates, could prove pivotal in determining whether 2026 marks a consolidation phase or renewed breakout for the EV pioneer.

The rupee gained due to what traders described as ‘significant’ interventions by the Reserve Bank of India (RBI). It closed at 91.60/$1 on Thursday, up from its previous close of 92.15/$1.

The rupee had gained to 91.41/$1 earlier in the session.

The strength in the rupee comes despite an increase in crude oil prices and the dollar index. Brent crude oil was trading at $84 per barrel, while the dollar index was at 99. The rupee traded in a narrow 20 paise range of 91.64/$1 and 91.41/$1.

Traders expect RBI intervention to continue on Friday and the range is expected to be 91.25/$1 to 91.75/$1 on the last day of the week. “RBI did not let the rupee go past 91.61/$1, even though there was significant dollar demand. The central bank also intervened before 9:00 am, which made the currency open at 91.56/$1 in domestic markets,” said Anil Bhansali, head of treasury, Finrex Treasury Advisors.

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This aggressive intervention by RBI comes after the rupee touched a record low of 92.31/$1 on Wednesday.
Traders are, however, unsure of how long RBI will provide such large interventions, as dollar sales to defend the rupee in the currency market drain domestic rupee liquidity. “We have seen this in the past, where there is stiff intervention on one day and then the intervention abruptly stops. RBI also cannot keep intervening as aggressively as it did today (Thursday), because it then impacts domestic liquidity,” said a chief dealer at a PSU bank.

The central bank’s latest weekly data showed its foreign currency reserves were at $724 billion, covering about 11 months of imports.

Crude oil prices climbed sharply in early Asian trading Friday, extending a volatile week driven by the ongoing U.S.-Israel military campaign against Iran and retaliatory actions that have disrupted global supply expectations. Benchmark West Texas Intermediate (WTI) crude futures rose more than 5% to hover near $78.50 per barrel, while Brent crude, the international standard, approached $84 amid fears of prolonged supply risks in the Persian Gulf.

WTI crude for April delivery was trading at approximately $78.47 per barrel on the New York Mercantile Exchange, up $3.81 or 5.10% from Thursday’s close of $74.66. The contract opened at $76.15 and ranged between a low of $74.97 and a high of $78.54 in overnight and early session activity. Brent crude futures on the Intercontinental Exchange gained around 3% to trade near $83.99 to $84.00 per barrel, reflecting a $2.59 to $2.60 increase or roughly 3.2% from the prior settlement.

The sharp moves come as the conflict in the Middle East enters its second week, with reports of Iranian forces targeting a U.S.-registered tanker in the northern Persian Gulf adding fresh upward pressure. Iran’s Tasnim news agency cited missile strikes on the vessel, heightening concerns over potential blockades or disruptions in the Strait of Hormuz, through which roughly 20% of global oil trade flows. Analysts warn that any sustained closure or significant interference could push prices toward triple digits.

The rally has already translated into higher costs at the pump for American drivers. The national average gasoline price reached $3.25 per gallon Thursday, up 30 cents in less than a week and a 9% jump from pre-conflict levels around $2.98, according to AAA data. Industry observers note that every $1 increase in crude typically adds about 2.4 cents per gallon to retail fuel prices, though the relationship can vary with refining margins and regional factors.

Market sentiment has whipsawed since the U.S. and Israel launched strikes on Iranian targets Saturday, initially sending oil surging as much as 11% in early sessions. Brent opened around $81.60 early in the week before climbing further, while WTI jumped 8% at one point. Trading volume spiked to record levels on the Intercontinental Exchange, with 12.7 million energy futures and options contracts changing hands Monday alone as investors rushed to hedge or speculate on the volatility.

U.S. crude producers have moved quickly to lock in elevated prices through hedging strategies, securing gains amid the uncertainty. Diesel futures outperformed both crude and gasoline earlier in the week, settling nearly 12% higher at one stage due to tighter supply dynamics in refined products.

Broader economic implications are mounting. Federal Reserve officials are monitoring the oil shock closely, with some suggesting it could prompt a pause in recent interest rate cuts or even force reconsideration of policy easing if inflation pressures reemerge. President-elect-aligned figures and market watchers have highlighted affordability concerns ahead of midterm elections, as higher energy costs ripple through household budgets and transportation expenses.

Despite the upward momentum, some analysts caution that the spike may moderate if the conflict de-escalates or if alternative supplies from non-Middle East producers ramp up. Goldman Sachs recently raised its Q2 Brent forecast to the low $80s, reflecting a more bullish near-term view but acknowledging execution risks. Other forecasts suggest Brent could average around $74 in Q1 before potential stabilization, though current events have rendered such projections outdated.

Global stock markets have shown mixed reactions, with Asian shares rebounding modestly after earlier losses while U.S. equities faced pressure. The Dow Jones Industrial Average dropped significantly earlier in the week as oil’s climb weighed on growth-sensitive sectors. Energy stocks have benefited, with producers and service companies posting gains on higher commodity realizations.

The conflict’s trajectory remains the dominant driver. Reports indicate continued U.S. strikes in Iran, with Tehran vowing retaliation that could further imperil shipping lanes. Investors are watching for any diplomatic breakthroughs or military de-escalation signals, though none appeared imminent as of early Friday.

Longer-term, the episode underscores vulnerabilities in global energy markets. Disruptions have spotlighted reliance on Strait of Hormuz transit and prompted renewed discussion of strategic reserves and diversification efforts. U.S. production, already at robust levels, offers some buffer, but export infrastructure constraints and refining capacity limit immediate offsets.

Gasoline and heating oil prices have followed crude higher, with RBOB gasoline futures up around 3.5% in recent sessions. Natural gas has seen milder moves, trading near $2.93 with modest gains.

As trading continues into the U.S. session, volatility is expected to persist. The coming days could prove decisive, with potential for further spikes if supply threats materialize or stabilization if containment efforts succeed. For now, oil markets remain firmly in risk-on mode, pricing in geopolitical premiums that have lifted benchmarks to multi-month highs.

The surge marks a dramatic reversal from earlier 2026 levels, when WTI hovered in the mid-$60s amid ample supply and demand concerns. Year-to-date, crude has gained significantly, though the latest leg higher reflects war-driven speculation rather than fundamentals alone.

Market participants continue to brace for headline risk, balancing enthusiasm for producer profits against broader economic headwinds from sustained high energy costs.

Operator

Good afternoon. Thank you for attending the GoPro Fourth Quarter and Fiscal Year 2025 Earnings Call. My name is Cameron, and I’ll be your moderator for today. [Operator Instructions].

I would now like to pass the conference over to your host, Robin Stoecker, Director of Corporate Communications with GoPro. You may proceed.

Robin Stoecker
Director of Corporate Communications

Thank you, Cameron. Good afternoon, and welcome to GoPro’s Fourth Quarter and Full Year 2025 Earnings Conference Call. With me today are GoPro’s CEO, Nicholas Woodman; and CFO and COO, Brian McGee.

Today’s agenda will include brief commentary from Nick and Brian, followed by Q&A. For detailed information about our fourth quarter and full year 2025 performance as well as outlook, please read our Q4 and full year 2025 earnings press release and management commentary we posted to the Investor Relations section of GoPro’s website.

Before I pass the call to Nick, I’d like to remind everybody that our remarks today may include forward-looking statements. Forward-looking statements and all other statements that are not historical facts, are not guarantees of future performance and are subject to a number of risks and uncertainties, which may cause actual results to differ materially.

Additionally, any forward-looking statements made today are based on assumptions as of today. This means that results could change at any time, and we do not undertake any obligation to update these statements as a result of new information or future events.

To better understand the risks and uncertainties that could cause actual results to differ from our commentary, we refer you to our most