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Arch combines London market and UK regional PI teams
By Rebecca DelaneyMay 8 - (The Insurer) - Arch Insurance International has combined its London market SME and UK regional operations for professional indemnity (PI) into a unified team led by Sophie Mansouri.In the newly created role of UK PI underwriting manager, Mansouri is responsible for oversee...Reuters
Thu, May 8
Other
Tesla's India head resigns as company prepares for country launch, Bloomberg News reports
May 8 (Reuters) - Tesla's TSLA.O country head for India has resigned after nine years at the company and ahead of the U.S. EV maker's planned entry into the world’s third-largest car market, Bloomberg News reported on Thursday, citing people familiar with the matter.Tesla's China teams w...Reuters
Thu, May 8
Stocks
Infineon rises as its lowered FY outlook still in line with expectations
** Shares in Infineon IFXGn.DE rise around 3% despite the German chipmaker cutting its FY guidance, with analysts saying that lower forecast still comes within expectations** Infineon now expects FY revenue to slightly decline, having previously forecast sales to be stable or slightly up in 2025** J...Reuters
Thu, May 8
Other
SiriusPoint names Fenn as global head of marine
By Michael JonesMay 8 - (The Insurer) - SiriusPoint has promoted Chris Fenn to global head of marine and made two additional strategic appointments to bolster its marine capabilities, the company said on Thursday.Fenn, who previously served as head of marine, London, for SiriusPoint International, w...Reuters
Thu, May 8
Other
US Consulate General in Pakistan's Lahore directs staff to shelter in place
May 8 (Reuters) - The U.S. Consulate General in Lahore, Pakistan, has directed its staff to shelter in place amid reports of drone explosions, downed drones and possible airspace incursions, the country's State Department said on Thursday.Reuters
Thu, May 8
Stocks
Arm shares slump as weak forecasts fuel investor worries
May 8 (Reuters) - Arm Holdings ARM.O shares sank more than 10% in premarket trade on Thursday after the chip tech provider became the latest in the semiconductor industry to provide a weak quarterly revenue and profit forecast due to global trade tensions.The forecast comes after customers, includin...Reuters
Thu, May 8
Stocks
Cable maker Prysmian core profit tops forecast on transmission business, Encore buy
Core earnings up 28% in first quarter to 527 million eurosFirst quarter revenues up 5% on organic basisConfirms full-year guidance Completed 4.2 billion Encore acquisition in July last yearBy Giulio Piovaccari MILAN, May 8 (Reuters) - Prysmian PRY.MI, the world's largest cable maker, beat for...Reuters
Thu, May 8
Forex
EXCLUSIVE-Ukraine considers shift from dollar to euro amid geopolitical realignments
Hryvnia, launched in 1996, has used dollar as reference currency EU membership talks shaping Ukraine's currency considerationsUkraine expects $55 billion in external financing for 2025By Karin Strohecker and Olena Harmash LONDON, May 7 (Reuters) - Ukraine is starting to consider a shift away ...Reuters
Thu, May 8
Other
US tariff uncertainty weighs on Infineon's revenue outlook
FRANKFURT, May 8 (Reuters) - German chipmaker Infineon Technologies IFXGn.DE reported stable order intake on Thursday but lowered its full-year revenue outlook due to uncertainty over global tariff disputes.U.S. President Donald Trump has said tariffs on semiconductor chips would start at "25%, ...Reuters
Thu, May 8
Cryptocurrencies
Futu integrates Bitcoin and USDT deposits into retail investment app
Hong Kong-based brokerage firm Futu Securities has launched a crypto deposit and trading service. The firm disclosed this in an official announcement, stating that accredited investors can deposit and trade Bitcoin, Ethereum, and Tether USDT. According to Futu, the service is available through its retail trading app NiuNiu, and users can switch between traditional financial […]Cryptopolitan
Thu, May 8
Stocks
Intel rises on report of foundry chip contract with Microsoft
** Shares of chipmaker Intel INTC.O rise 3.2% to $21 premarket ** Intel has reportedly entered into a large-scale foundry contract with software giant Microsoft MSFT.O using its 18A process, South Korea's Chosun Biz reported** Tech heavyweights Google GOOGL.O and Nvidia NVDA.O are also in talks...Reuters
Thu, May 8
Stocks
Tilray Brands Stock Is Trading at Its All-Time Low. Is It Worth Buying?
Buying a stock when it's trading around its all-time low is a risky proposition. It's likely down because things haven't gone well, and investors aren't thrilled with the outlook for it. One stock that's at its all-time low right now is Tilray Brands (NASDAQ: TLRY).The cannabis and alcohol company r...The Motley Fool
Thu, May 8
Cryptocurrencies
Dogecoin’s $1 Goal is Far Off, But This Underrated $0.025 DOGE Rival Could Soar to $2.50 Easily
Dogecoin (DOGE) has been the poster child of meme coins for years, with enthusiasts patiently waiting for its climb to the highly-desired $1 level. Current projections, however, suggest that the target may be out of reach in the short to medium term. Professionals forecast DOGE to trade hands within the range of $0.118 and $0.204 […]Cryptopolitan
Thu, May 8
Stocks
2 High-Yield ETFs to Supercharge Your Passive Income Strategy Now
Passive income strategies remain a top priority for investors aiming to build financial resilience and diversify their revenue streams. Exchange-traded funds (ETFs) have emerged as a popular vehicle within income-focused portfolios, offering regular distributions, built-in diversification, and low m...The Motley Fool
Thu, May 8
Commodities
Hurricanes Helene and Milton highlighted deficiencies in some parametric covers: WTW
By Henry GaleMay 6 - (The Insurer) - Hurricanes Helene and Milton in 2024 highlighted deficiencies in some parametric programs, WTW said in the spring update of its Marketplace Realities report.The broker said some programs using a single-peril cat-in-a-circle structure, one of several types of para...Reuters
Thu, May 8
Stocks
CS Disco Inc reports results for the quarter ended March 31 - Earnings Summary
CS Disco Inc LAW.N reported a quarterly adjusted loss of 8 cents per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of six analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -14 cents to -9...Reuters
Thu, May 8
Other
Golf-PGA of America to give away 3,000 Ryder Cup tickets in New York area
May 8 (Reuters) - The PGA of America will distribute 3,000 tickets to this year's Ryder Cup at Bethpage Black in New York as part of a fan engagement initiative dubbed "The People's Perk," the biennial competition's co-organisers said on Wednesday.The programme will surprise New ...Reuters
Thu, May 8
Stocks
Apple Stock: Do the Risks Outweigh the Reward?
When Apple (NASDAQ: AAPL) recently reported its fiscal second-quarter results, it highlighted both the positives the company is seeing and the challenges it is facing. With the stock down around 20% this year, as of this writing, Apple has lost its mantle as the world's largest company to rival Micr...The Motley Fool
Thu, May 8
