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Marsh grows Fast Track capacity to 10%, eyes $1 billion total bound premium in 2025
By Rebecca DelaneyFeb 20 - (The Insurer) - Marsh has expanded its follow-form Fast Track facility to offer up to 10% automatic capacity across clients' entire P&C portfolios and specialty risks.The expansion is effective from March 1, 2025.Launched in April 2023, the global facility does not...Reuters
Thu, Feb 20
Other
Labor groups sue Trump administration over mass firings of probationary employees
Feb 20 (Reuters) - Several labor groups sued the Trump administration for allegedly firing tens of thousands of probationary employees illegally, as part of its drive to overhaul the federal government.In a complaint filed on Wednesday night in San Francisco federal court, the groups said the Office...Reuters
Thu, Feb 20
Other
Key NASA officials' departure casts more uncertainty over US moon program
Corrects paragraphs 3 and 4 to say retirement announcements at a NASA center were made on prior dates and that the officials' acting replacements were announced internally on Tuesday.Musk's influence and Mars focus challenge NASA's moon-centric plansNASA loses four key officials amid Art...Reuters
Thu, Feb 20
Stocks
BUZZ-Fidelis hits 1-year low on $287 mln reserve for Russia-Ukraine aviation claims
** Shares of specialty insurer Fidelis Insurance FIHL.N fall as much as 12.1%, hitting their lowest since February 2024** FIHL late Wednesday disclosed $287.2 million reserve charge in its aviation book related to outstanding claims on aircraft trapped due to Russia-Ukraine conflict** Co says two-th...Reuters
Thu, Feb 20
Commodities
REFILE-Russia's Putin holds phone call with Saudi Arabia's crown prince
Refiles to remove extraneous letter at end of 'Arabia' in headlineMOSCOW, Feb 20 (Reuters) - Russia's President Vladimir Putin held a phone call with Saudi Crown Prince Mohammed bin Salman on Thursday, the Kremlin said.Putin said the two countries will continue to work within the OPEC+ f...Reuters
Thu, Feb 20
Stocks
BUZZ-Talkspace slides after weak direct-to-consumer sales
** Shares of virtual mental health provider Talkspace TALK.O fall 20.2% to $3.08 - set to erase their YTD gains ** TALK's Q4 total revenue grew 15% to $48.7 million compared to estimates of $49.8 million - the second time quarterly sales have missed estimates in the past two years ** Says direct...Reuters
Thu, Feb 20
Other
BRIEF-Air Canada Schedules To Resume Service Between Canada & Israel Beginning June 8
Feb 20 (Reuters) - Air Canada AC.TO:AIR CANADA: SCHEDULED TO RESUME SERVICE BETWEEN CANADA AND ISRAEL BEGINNING JUNE 8, 2025AIR CANADA: STARTING IN AUGUST, THERE WILL BE AN ADDITIONAL WEEKLY NON-STOP, RETURN FLIGHT FROM MONTREAL- WEBSITEFurther company coverage: AC.TOReuters
Thu, Feb 20
Other
Birkenstock flags tariff risk after strong holiday sales
Birkenstock CEO flags uncertainty over tariffs, interest ratesHoliday-quarter sales beat analyst expectationsWholesale revenues outpace direct-to-consumerSales of clogs and boots increaseAdds CEO quote in paragraph 3, share price in paragraph 4, clog and boot sales in paragraph 9By Helen Reid and Ne...Reuters
Thu, Feb 20
Stocks
US STOCKS-Wall St dips as markets assess Trump's tariff threats; Walmart slides
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.U.S.-listed shares of Alibaba gain after Q3 revenue beatBaxter International jumps after guiding FY profit above estimatesIndexes down: Dow 0.49%, S&P 500 0.31%, Nasdaq 0.16%Updates for mar...Reuters
Thu, Feb 20
Stocks
Airbnb Stock Is Hot, But Is It a Buy?
Airbnb (NASDAQ: ABNB) finally got on track after fourth-quarter earnings, and management is expecting to announce some important new products in May 2025. Travis Hoium highlights what investors need to know in this video.*Stock prices used were end-of-day prices of Feb. 16, 2025. The video was publi...The Motley Fool
Thu, Feb 20
Stocks
2 ETFs to Buy in 2025 That Could Help Set You Up for Life
Wall Street wants you to think you need to be a rocket scientist to make money in the stock market. But investing can actually be quite simple. Exchange-traded funds (ETFs) can provide you with all the diversification you need to protect and grow your wealth.In fact, you can begin to build a solid f...The Motley Fool
Thu, Feb 20
Other
Resilience launches London wholesale market facility with RSA
By Rebecca DelaneyFeb 20 - (The Insurer) - Cyber insurtech Resilience has announced a London wholesale market facility in partnership with RSA to underwrite U.S. risks on a surplus lines basis.The new facility expands the territorial limits of Resilience's binding authority with RSA to enable U....Reuters
Thu, Feb 20
Other
Air Canada to restart flights to Israel in early June
Feb 20 (Reuters) - Air Canada AC.TO will resume flights between Canada and Israel beginning June 8, the company said on Thursday.Western carriers had canceled their flights to multiple destinations in the Middle East, amid elevated security concerns.The Montreal-based carrier said there will be an a...Reuters
Thu, Feb 20
Commodities
Ex-Gunvor employee found guilty of corruption by Swiss court
Adds details throughout GENEVA, Feb 20 (Reuters) - A top Swiss court on Thursday found a former employee of commodity trading firm Gunvor guilty of corrupting officials in the Republic of Congo in exchange for oil contracts.The case is a rare incident of a corruption case involving Switzerland...Reuters
Thu, Feb 20
Stocks
Endava Misses Revenue Estimate in Q2
Endava (NYSE:DAVA), a technology service provider specializing in IT and digital advisory, reported fiscal 2025 second-quarter results on Thursday, Feb. 20, that fell short of analysts' consensus expectations. Revenue of 195.6 million British pounds rose 6.6% year over year but missed the expected 2...The Motley Fool
Thu, Feb 20
Commodities
U.S. nuclear power plant outages
Adds outages tableFeb 20 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW ...Reuters
Thu, Feb 20
Stocks
BUZZ-Cenovus Energy falls after lower fourth-quarter profit
Updates** Shares of Canadian oil and gas producer Cenovus Energy CVE.TO fall 3.8% to C$21.42 ** Company's fourth-quarter profit falls ~80% from a year ago due to lower commodity prices and weak refining margins** Q4 profit falls to C$146 million ($102.78 million), or 7 Canadian cents/share, from...Reuters
Thu, Feb 20
Economic Indicator
US State Department revises China webpage to focus on trade, business curbs
State Department says updates reflect current administration’s policies and priorities Changes highlight trade deficit, US business concernsNo mention of China aid or working with allies on common valuesAccuses Beijing of attempting to 'subvert' international bodiesAdds State Department, par...Reuters
Thu, Feb 20
