Economy - Finance > Industries

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

14 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

14 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

14 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

14 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

14 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

14 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

14 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

14 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

14 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

14 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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Chinese central banker says market can handle developer debt

BEIJING - Financial markets can cope with the impact of a Chinese real estate developer that is struggling to avoid defaulting on $310 billion in debt, the central bank... Read more ...

EU plan to boost gig economy workers is latest blow to apps

LONDON - The European Union unveiled plans to improve conditions for the growing number of gig economy workers that could reclassify some as employees entitled to benefits, the... Read more ...

Apple's market value about to top world's 5th largest economy

Apple's market value about to top world's 5th largest economy

Apple is on the verge of becoming the world's first company to achieve a market value of $3 trillion. This would make the tech giant bigger than the German equity market or the... Read more ...

New Fathom Academy to Provide Brokerage-Wide Training

Fathom Realty, LLC recently introduced Fathom Academy, a new enterprise-wide learning management system to boost the company's robust training and collaboration offerings... Read more ...

Regal Rexnord vs. Nidec Financial Survey

Regal Rexnord vs. Nidec Financial Survey

Regal Rexnord and Nidec are both large-cap industrial products companies, but which is the better investment? We will compare the two businesses based on the strength of their... Read more ...

Macquarie Initiates Coverage on Pinduoduo

Macquarie Initiates Coverage on Pinduoduo

Investment analysts at Macquarie began coverage on shares of Pinduoduo in a research note issued to investors on Tuesday, The Fly reports. The firm set an “outperform” rating... Read more ...

Schnitzer Steel Industries Shares Gap Up to $47.14

Schnitzer Steel Industries Shares Gap Up to $47.14

Schnitzer Steel Industries, Inc. 's stock price gapped up before the market opened on Tuesday. The stock had previously closed at $47.14, but opened at $50.98. Schnitzer Steel... Read more ...

Mambu nabs $266M at a $5.5B valuation to double down on embedded financial...

Embedded finance - where companies tap into APIs to integrate banking and other financial tools without having to build everything themselves from the ground up - has been one... Read more ...

Algoma Steel Group versus Tenaris Critical Analysis

Algoma Steel Group versus Tenaris Critical Analysis

Tenaris and Algoma Steel Group are both industrial products companies, but which is the superior investment? We will compare the two companies based on the strength of their... Read more ...

Ukraine spa town stands out amid nation's vaccine hesitancy

MORSHYN, Ukraine - A small spa town in western Ukraine is standing out in a European country where only 29% of the people have received COVID-19 vaccine shots, and locals... Read more ...