Economy - Finance > Industries

AM Best: Complete Return to Normalcy Evades Personal Auto Insurance Segment in 2021

3 days ago   |   By A.M. Best

2021 driving levels are up over 2020, but not at 2019 levels. However, premiums have increased over 2019, but not at the rate expected, said Chris Graham, senior industry analyst, AM Best.
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US stocks fall; Gap, Nordstrom sink on weak results

US stocks fall; Gap, Nordstrom sink on weak results

3 days ago   |   By Stl Today

Stocks fell in morning trading on Wall Street Wednesday as the market continues an unsettled period of trading ahead of the Thanksgiving holiday in the U.S.
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US new homes sales rise 0.4% in October as prices climb

3 days ago   |   By Chron

WASHINGTON - U.S. sales of new homes edged up 0.4% last month, coming in below expectations as housing prices continued to climb.
The Commerce Department reported Wednesday that sales of new single-family homes rose to a seasonally adjusted annual rate of 745,000 last month from 742,000 in September. Economists had expected October new home sales to come in at a 795,000 annual pace. And the September sales rate was revised sharply lower from 800,000 in Commerce's original report.
New home sales were down 23% from a year earlier.
The median price of a new home, the point where half the...
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Afterpay unveils BNPL subscription offering for U.S. customers

3 days ago   |   By Tech Crunch

“Buy now, pay later” company Afterpay announced Wednesday that it was going after the $1.5 trillion global subscription payments market by offering payment installments for subscriptions, like gym memberships, entertainment subscriptions and online services, to its U.S. customers.
The service will launch in both the U.S. and Australia beginning early in 2022 and will be free for customers who pay on time. IPSY, BoxyCharm, Savage X Fenty and Fabletics are among the initial list of merchants that will offer the feature. The company plans to expand the feature in-store and into other regions...
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Wall Street opens lower; Gap, Nordstrom sink on weak results

Wall Street opens lower; Gap, Nordstrom sink on weak results

3 days ago   |   By Stl Today

Stocks are opening lower on Wall Street as the market continues an unsettled period of trading ahead of the Thanksgiving holiday in the U.S. The S&P 500 gave back 0.3% in the early going Wednesday. The benchmark index, which set...
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AM Best Affirms Credit Ratings of RF&G Insurance Company Limited

3 days ago   |   By A.M. Best

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of “bbb” of RF&G Insurance Company Limited. The outlook of these Credit ...
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U.S. Tech Companies Aren't Monopolies

3 days ago   |   By Washington Post

A new antitrust bill inadvertently highlights an important fact: The Silicon Valley giants are in intensely competitive markets.
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US GDP slowed sharply in Q3 but big rebound expected in Q4

3 days ago   |   By Chron

WASHINGTON - The U.S. economy slowed to a modest annual rate of 2.1% in the October-December quarter, slightly better than first reported. But economists are predicting a solid rebound in the current quarter as long as rising inflation and a recent uptick in COVID cases do not derail activity.
The increase in the gross domestic product, the economy's total output of goods and services, was up from an initial estimate of 2% for the third quarter. But the revision was still well below the solid gains of 6.3% in the first quarter this year and 6.7% in the second quarter.
The weak summer...
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Best's Market Segment Report: European Insurers' Earnings Down but Regulatory Solvency Ratios Remain Strong

3 days ago   |   By A.M. Best

AM Best's annual ranking of the largest European insurers shows that while the Top 10 remained unchanged from the previous year, nearly every company changed position further down the ranking. Also ...
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Best's Market Segment Report: AM Best Revises Outlook to Stable for U.S. Workers' Compensation Insurance Industry

3 days ago   |   By A.M. Best

AM Best has revised its market segment outlook to stable from negative for the U.S. workers' compensation insurance market, according to a new AM Best report.
The Best's Market Segment Report, ...
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PureTech Health Shares Gap Up to $42.98

PureTech Health Shares Gap Up to $42.98

Shares of PureTech Health plc gapped up prior to trading on Friday. The stock had previously closed at $42.98, but opened at $44.50. PureTech Health shares last traded at... Read more ...

Broadmark Realty Capital Reaches New 1-Year Low at $9.45

Broadmark Realty Capital Reaches New 1-Year Low at $9.45

Broadmark Realty Capital Inc. 's stock price hit a new 52-week low during trading on Friday. The company traded as low as $9.45 and last traded at $9.53, with a volume of 4023... Read more ...

Red River Bancshares Lifted to Buy at Zacks Investment Research

Red River Bancshares Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Red River Bancshares from a hold rating to a buy rating in a research note released on Wednesday morning, Zacks.com reports. The... Read more ...

F & M Bank vs. Atlantic Union Bankshares Critical Contrast

F & M Bank vs. Atlantic Union Bankshares Critical Contrast

F & M Bank and Atlantic Union Bankshares are both finance companies, but which is the better investment? We will compare the two businesses based on the strength of their risk... Read more ...

Sysmex Downgraded to “Neutral” at Daiwa Capital Markets

Sysmex Downgraded to “Neutral” at Daiwa Capital Markets

Sysmex was downgraded by investment analysts at Daiwa Capital Markets from an “outperform” rating to a “neutral” rating in a report released on Friday, The Fly reports. Other... Read more ...

LSL Property Services versus Dynex Capital Head-To-Head Survey

LSL Property Services versus Dynex Capital Head-To-Head Survey

LSL Property Services and Dynex Capital are both small-cap finance companies, but which is the superior business? We will compare the two companies based on the strength of... Read more ...

Mail.ru Group vs. TravelSky Technology Financial Analysis

Mail.ru Group vs. TravelSky Technology Financial Analysis

Mail.ru Group and TravelSky Technology are both mid-cap computer and technology companies, but which is the superior investment? We will compare the two companies based on the... Read more ...

Taro Pharmaceutical Industries Downgraded by TheStreet

Taro Pharmaceutical Industries Downgraded by TheStreet

TheStreet lowered shares of Taro Pharmaceutical Industries from a c rating to a d+ rating in a report released on Wednesday, TheStreetRatingsTable reports. Several other... Read more ...

Reactions To Rising Inflation Have Begun - Investment Drama Ahead

Inflationary talk and tactics that have been absent for many years have restarted. Read more ...

Wine And UNESCO Pair Well Together

The UNESCO World Heritage Site designation is another lens through which to look at wine, which considers heritage, culture, and unique character. Read more ...