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Global Indemnity questions wildfire models amid California rate approval frustrations
By Chris MunroMarch 12 - (The Insurer) - Global Indemnity Group is rethinking the validity of its wildfire models after its loss from the Los Angeles blazes was almost double what it would have expected, while CEO Jay Brown warned it will consider writing business elsewhere if adequate California ra...Reuters
Wed, Mar 12
Other
SpaceX, NASA set for astronaut flight that will retrieve stuck astronauts
Stranded Wilmore and Williams poised to return to EarthAn 8-day stay has turned into nine months in spaceAstronauts expected to leave space station on SundayBy Joey Roulette March 12 (Reuters) - NASA is set to launch a SpaceX rocket from Florida on Wednesday carrying a replacement crew for the In...Reuters
Wed, Mar 12
Other
US Judge says trump cannot fire democratic member of federal labor board
March 12 (Reuters) - A federal judge on Wednesday said President Donald Trump lacked the power to remove a Democratic member from the Federal Labor Relations Authority, which hears disputes between government agencies and their employees' unions, and ordered that Susan Tsui Grundmann be reinstat...Reuters
Wed, Mar 12
Cryptocurrencies
Fed and Treasury worked together to let Elon Musk’s D.O.G.E into US payment system
Federal Reserve officials worked directly with the Treasury Department to grant Elon Musk’s Department of Government Efficiency (D.O.G.E) access to critical federal payment systems, according to new court documents. The filings reveal that Elon’s team held high-level meetings with government officials in Kansas City just days after Donald Trump took office, discussing how D.O.G.E could […]Cryptopolitan
Wed, Mar 12
Stocks
Why SoundHound Stock Soared Today
Shares of SoundHound AI (NASDAQ: SOUN) climbed higher on Wednesday. The company's stock gained 6.9% as of market close but was up as much as 12.2% earlier in the day. The surge comes as the S&P 500 gained 0.4% and the Nasdaq Composite gained 1.2%.The voice artificial intelligence (AI) specialist pre...The Motley Fool
Wed, Mar 12
Stocks
Why iRobot Stock Is Crashing Today
iRobot (NASDAQ: IRBT) stock has fallen 35% after the company issued a "going concern" warning, raising doubts about its ability to stay in business over the next year.What happened?The company behind the popular Roomba vacuums revealed severe financial instability, highlighting declining revenue and...The Motley Fool
Wed, Mar 12
Stocks
PHX Minerals Inc reports results for the quarter ended December 31 - Earnings Summary
PHX Minerals Inc PHX.N reported quarterly breakeven results per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of two analysts for the quarter was for earnings of 3 cents per share. 3 cents per share....Reuters
Wed, Mar 12
Other
FTC no longer seeks DOGE-related delay in Amazon trial
FTC reverses bid to delay trial over resource shortfalls due to Musk-led government cutsFTC accusing Amazon of deceptive Prime subscription practicesAmazon denies wrongdoing, objects to delay By Jody Godoy March 12 (Reuters) - The U.S. Federal Trade Commission said on Wednesday it does not ne...Reuters
Wed, Mar 12
Stocks
Limoneira Co reports results for the quarter ended January 31 - Earnings Summary
Limoneira Co LMNR.OQ reported a quarterly adjusted loss of 14 cents per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of -18 cents. The mean expectation of two analysts for the quarter was for a loss of 20 cents per share. Wall Stree...Reuters
Wed, Mar 12
Stocks
Adobe Tops Q1 Estimates; Outlook Mixed
Software giant Adobe (NASDAQ:ADBE) reported fiscal 2025 first-quarter earnings on Wednesday, March 12, that topped analysts' consensus expectations. Q1 revenue of $5.71 billion rose 10.2% year over year and bested the estimate of $5.66 billion. Adjusted earnings per share (EPS) in Q1 stood at $5.08,...The Motley Fool
Wed, Mar 12
Other
Chubb: Non-US cyber frequency and severity declining in contrast to US claims trends
By Michael LoneyMarch 12 - (The Insurer) - The frequency and severity of cyber claims in the U.S. continue to grow but are declining outside the U.S., a Chubb report has shown.The Chubb cyber claims report analyses the insurer’s historical claims data through December 2024.The insurer’s findings sho...Reuters
Wed, Mar 12
Stocks
FreightCar America Inc reports results for the quarter ended December 31 - Earnings Summary
FreightCar America Inc RAIL.OQ reported quarterly adjusted earnings of 21 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of two analysts for the quarter was for earnings of 5 cents per shar...Reuters
Wed, Mar 12
Stocks
Nektar Therapeutics reports results for the quarter ended December 31 - Earnings Summary
Nektar Therapeutics NKTR.OQ reported quarterly adjusted earnings of 3 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -22 cents. The mean expectation of nine analysts for the quarter was for a loss of 17 cents per share. ...Reuters
Wed, Mar 12
Stocks
UiPath Inc reports results for the quarter ended January 31 - Earnings Summary
UiPath Inc PATH.N reported quarterly adjusted earnings of 26 cents per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of 22 cents. The mean expectation of twenty analysts for the quarter was for earnings of 20 cents per share. Wall St...Reuters
Wed, Mar 12
Stocks
Comtech Telecommunications Corp reports results for the quarter ended January 31 - Earnings Summary
Comtech Telecommunications Corp CMTL.OQ reported a quarterly adjusted loss of 35 cents per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of -15 cents. The mean expectation of three analysts for the quarter was for a loss of 39 cents p...Reuters
Wed, Mar 12
Other
US Senate Democrats fume over Trump-backed stopgap bill as shutdown deadline nears
House Republicans passed bill as Senate Democrats balk Partial government shutdowns begin Saturday unless Congress actsBy Richard Cowan and Bo Erickson WASHINGTON, March 12 (Reuters) - U.S. Senate Democrats huddled for hours on Wednesday plotting a course forward on a stopgap funding bill passe...Reuters
Wed, Mar 12
Commodities
CERAWEEK-Venezuela's opposition drafts energy reform to raise foreign pressure on Maduro
Opposition sweetens previous energy reform proposalPlan includes shrinking PDVSA, offering assets to foreign firmsProposal aims to boost oil output above 3 million bpdBy Marianna Parraga HOUSTON, March 12 (Reuters) - Venezuela's opposition has drafted a broad proposal for energy sector reform...Reuters
Wed, Mar 12
Stocks
Fathom Holdings Inc reports results for the quarter ended December 31 - Earnings Summary
Fathom Holdings Inc FTHM.OQ reported a quarterly adjusted loss of 29 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -50 cents. The mean expectation of two analysts for the quarter was for a loss of 31 cents per share. Wa...Reuters
Wed, Mar 12
