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Fidelis’ Q1 combined ratio worsens to 115.6% on wildfire losses as GPW increases 13.8%
-$0.41 operating EPS beats -$0.47 consensus, compares with $0.74 in Q1 2024$166.8 million California wildfires loss at low end of February estimate115.6% combined ratio deteriorates from 85.8% in Q1 2024GPW up 13.8% to $1.72 billion; insurance up 6.8%; reinsurance up 39.2%By Michael LoneyMay 14 - (T...Reuters
Wed, May 14
Cryptocurrencies
Bitcoin Profit-Taking Not Yet In Full Swing – STH Back In Profit As BTC Crossed $99K
Bitcoin is trading around $103,000 after a multi-week rally that saw the price surge through major resistance levels, reigniting bullish sentiment across the market. The breakout above $90K and $100K unlocked strong momentum, but now BTC enters a critical test zone that will shape the weeks ahead. A...Bitcoinist
Wed, May 14
Cryptocurrencies
Bitcoin Bull Market: Pundit Reveals When To Sell Everything
The Bitcoin bull market looks to be back following BTC’s surge above $100,000. With market participants again accumulating following this recent rally, crypto pundit Ardizor has revealed when to sell everything to avoid roundtripping on gains made in this bull market. When To Sell Everything In This...NewsBTC
Wed, May 14
Forex
Unemployment rate in Australia expected to hold steady at 4.1% in April
The Australian Bureau of Statistics (ABS) will release the April monthly employment report at 01:30 GMT on Thursday. The country is expected to have added 20K new job positions, while the Unemployment Rate is projected to hold steady at 4.1%.Fxstreet
Wed, May 14
Other
Ukraine's Foreign Minister Sybiha says he met with Rubio to 'coordinate positions'
May 15 (Reuters) - Ukraine's Foreign Minister Andrii Sybiha said early on Thursday he had met with U.S. Secretary of State Marco Rubio in Turkey to share President Volodymyr Zelenskiy's peace vision and "coordinate positions during this critical week."Reuters
Wed, May 14
Stocks
Why Uber-Backed Aurora Innovation Stock Sank Today
Shares of Aurora Innovation (NASDAQ: AUR) tumbled 6.3% on Wednesday. The autonomous vehicle technology company's stock had been down as much as 17% earlier in the day.The self-driving technology developer is seeing its stock pressured after Uber announced it plans to issue exchangeable notes that co...The Motley Fool
Wed, May 14
Other
Google says hackers that hit UK retailers now targeting American stores
By Raphael Satter WASHINGTON, May 14 (Reuters) - Alphabet's Google GOOGL.O said on Wednesday hackers responsible for paralyzing disruptions of UK retailers are turning their attention to similar companies in the United States."US retailers should take note. These actors are aggressive, cr...Reuters
Wed, May 14
Other
Luminar Announces Leadership Transition
May 14 (Reuters) - Luminar Technologies Inc LAZR.O:LUMINAR ANNOUNCES LEADERSHIP TRANSITIONLUMINAR TECHNOLOGIES INC - APPOINTS PAUL RICCI AS CEO EFFECTIVE MAY 21, 2025LUMINAR TECHNOLOGIES INC - AUSTIN RUSSELL RESIGNS AS CEO AND CHAIRPERSON EFFECTIVE IMMEDIATELYLUMINAR: RUSSELL'S RESIGNATION FOLLO...Reuters
Wed, May 14
Stocks
Dick's Sporting Goods closes in on deal to buy rival Foot Locker, WSJ reports
May 14 (Reuters) - Dick's Sporting Goods DKS.N was nearing a deal to buy rival footwear retailer Foot Locker FL.N for about $2.3 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.The companies have discussed a deal at $24 per share for Foot Locker, th...Reuters
Wed, May 14
Other
Slide secures $250 million cat bond with closing of Purple Re 2025-1
By Isha MaratheMay 14 - (The Insurer) - Slide Insurance has finalized pricing for its $250 million Purple Re Ltd. (Series 2025-1) catastrophe bond, closing its fourth and largest cat bond offering to date, and exceeding the previous largest offering by $40 million. The bond proceeds will be used to...Reuters
Wed, May 14
Other
Texas law firm can sell off 6,000 tort cases in bankruptcy deal to repay funders
By Diana Novak JonesMay 14 (Reuters) - A bankrupt Texas law firm facing allegations it filed lawsuits on behalf of people it did not represent can sell off thousands of mass tort cases as part of a settlement it struck with a pair of litigation funders, according to court records.Chief U.S. Bankrupt...Reuters
Wed, May 14
Commodities
LIVESTOCK-CME cattle futures backtrack from record highs
By Tom Polansek CHICAGO, May 14 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures tumbled on Wednesday after climbing to records on dwindling U.S. supplies.Futures prices have set all-time highs since Washington over the weekend added to supply worries by suspending ca...Reuters
Wed, May 14
Other
Blank Check Co Blue Acquisition Files For IPO Of $150 Million
May 14 (Reuters) - Blue Acquisition Sub Inc [RIC:RIC:BLUEAB.UL]:BLANK CHECK CO BLUE ACQUISITION CORP- FILES FOR IPO OF $150 MILLION -SEC FILINGBLUE ACQUISITION CORP: BTIG, LLC IS UNDERWRITER TO IPO- SEC FILINGBLUE ACQUISITION CORP: INTEND TO APPLY TO UNITS LISTED ON NASDAQ GLOBAL MARKET UNDER SYMBO...Reuters
Wed, May 14
