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Marsh Global Insurance Market Index shows softening accelerated to -2% in Q4
By David BullJan 30 - (The Insurer) - The latest Marsh Global Insurance Market Index decreased by 2 percent in the fourth quarter compared to a 1 percent decline in the third quarter, with property rates declining 3 percent but casualty rates up 4 percent, led by US excess casualty with increases of...Reuters
Jan 30, 2025
Stocks
BUZZ- Lazard rises after higher Q4 profit
** Investment bank Lazard's LAZ.N shares up ~4.8% at $55.23** LAZ reports Q4 adjusted net income of $85 million, or 78 cents per share, compared with $65 million, or 66 cents, a year ago** Co's financial advisory revenue on an adjusted basis rise 6% to $508 million from a year earlier** LAZ&...Reuters
Jan 30, 2025
Stocks
Flagstar expects to turn profitable in 2025 as recovery push takes root
Adds CEO comment in paragraph 3, analyst comment in paragraph 11, updates sharesBy Niket Nishant Jan 30 (Reuters) - Flagstar Financial FLG.N said on Thursday it expects to turn profitable in the fourth quarter of 2025, in a sign that the lender's efforts to cut its big exposure to embattled ...Reuters
Jan 30, 2025
Forex
BUZZ-COMMENT-Tariff risks remain the key driver for FX
Jan 30 (Reuters) - Both the Fed and ECB policy decisions were uneventful, which underpins the view that expected updates to U.S. trade policy are the main driver for FX markets.Approaching the Feb. 1 tariff deadline, traders continue to ponder whether the Trump administration will deliver on recent ...Reuters
Jan 30, 2025
Other
Marsh McLennan beats profit estimates on risk and insurance business strength
Adds analyst comments in paragraph 13, expenses in paragraph 9By Ateev Bhandari Jan 30 (Reuters) - Insurance brokerage and consulting firm Marsh McLennan's MMC.N fourth-quarter profit beat Wall Street estimates on Thursday, powered by record growth in its risk and insurance business. WHY IT&#...Reuters
Jan 30, 2025
Stocks
BUZZ-Cargo Therapeutics hits record low on cancer drug trial halt
** Shares of drug developer Cargo Therapeutics CRGX.O fall 77.4% to record low of $2.99 ** On Wednesday, CRGX said it is stopping a mid-stage trial for cancer treatment** Trial was stopped due to serious side effects in some patients, including a severe inflammatory condition - CRGX** CRGX has $368....Reuters
Jan 30, 2025
Commodities
Valero to operate refineries up to 90% of capacity in Q1 2025
NEW YORK, Jan 30 (Reuters) - U.S. crude oil refiner Valero Energy Corp VLO.N said on Thursday it plans to operate its 14 refineries up to 90% of their combined total complete throughput capacity of 3.2 million barrels per day (bpd) in the first quarter of 2025.Reuters
Jan 30, 2025
Stocks
BUZZ-Coursera tanks on surprise Q4 loss; appoints new CEO
** Shares of e-learning platform Coursera COUR.N down 9.45% at $8.67** Co posts surprise Q4 loss of 14 cents per share, while analysts estimated a profit of 7 cents per share as per LSEG data** COUR expects Q1 revenue in the range of $173 mln to $177 mln vs estimates of $178.2 mln** Company announce...Reuters
Jan 30, 2025
Other
EXPLAINER-Can Trump pay US government employees to quit their jobs?
By Daniel Wiessner Jan 30 (Reuters) - The Trump administration has unveiled a novel plan offering financial incentives to 2 million civilian full-time federal workers to quit their jobs as part of a planned cull of the government workforce. But the program is likely to run into a number of compli...Reuters
Jan 30, 2025
Stocks
Cigna quarterly profit hit by higher medical costs, shares tumble
Cigna forecasts annual profit below Wall Street estimatesQuarterly results hurt by higher stop loss medical costsMagnitude of Q4 miss was greater than anticipated, analysts saidAdds analyst comment in paragraph 5, company comments from conference call in paragraphs 4,6 and 9, investor comment in par...Reuters
Jan 30, 2025
Stocks
This Warren Buffett Stock Is Spiking Higher Today -- Here's Why
The stock market was having a strong day on Thursday, but Sirius XM (NASDAQ: SIRI) was an outperformer. As of 10:10 a.m. ET, the stock was higher by about 6% for the day.Sirius XM reported its fourth-quarter and full-year 2024 results on Thursday morning, and the short explanation is this is the dri...The Motley Fool
Jan 30, 2025
Stocks
BUZZ-Tractor Supply falls after missing Q4 sales, profit estimates
Updates** Farming supplies retailer Tractor Supply's TSCO.O shares fall as much as 6.4% to $53.50 ** Company misses Q4 net sales and profit estimates on tepid demand for its garden equipment and power tools** Posts Q4 revenue of $3.79 billion, missing estimates of $3.78 billion, and diluted EPS ...Reuters
Jan 30, 2025
Other
Soccer-Almiron returns to Atlanta after six years at Newcastle
Jan 30 (Reuters) - Paraguay international Miguel Almiron has returned to Major League Soccer (MLS) side Atlanta United for an undisclosed fee, after six years at Newcastle United, both clubs said on Thursday.The 30-year-old winger has joined the American club on a deal that runs until 2027 with an o...Reuters
Jan 30, 2025
Other
Walmart Canada to invest more than $4 bln to expand stores, supply chain
Jan 30 (Reuters) - Walmart Canada said on Thursday it is investing about C$6.5 billion ($4.51 billion) to build new stores and expand its supply chain, marking its biggest ever investment since opening its first store nearly 30 years ago.U.S. retail giant Walmart's WMT.N Canadian branch, which p...Reuters
Jan 30, 2025
Stocks
BUZZ-U.S. STOCKS ON THE MOVE-Marsh McLennan, Ameriprise, Lam Research
Eikon search string for individual stock moves: The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes rose on Thursday, driven by post-earnings advances in Meta and Tesla, although Microsoft's weak cloud forec...Reuters
Jan 30, 2025
Other
Plymouth Rock Assurance names Tarby as president and CEO
By Mia MacGregorJan 30 - (The Insurer) - Boston-based Plymouth Rock Assurance has named Ethan Tarby as president and CEO of Plymouth Rock Assurance Corporation, transitioning from his role as interim president and CEO of the subsidiary of The Plymouth Rock Company since June 2024.In his new role, Ta...Reuters
Jan 30, 2025
Stocks
BUZZ-Teradyne falls after forecasting downbeat Q1 revenue on softening demand
Updates** Shares of semiconductor-testing equipment maker Teradyne TER.O down as much as 17.4% to nearly nine-month low of $100.77** Co forecast Q1 revenue between $660 million and $700 million after market close on Wednesday, largely below analysts' average estimate of $694 million - data compi...Reuters
Jan 30, 2025
Other
Senate Banking Committee to launch working group to identify long-term NFIP solutions
By Isha MaratheJan 30 - (The Insurer) - Senate Banking Committee chairman Senator Tim Scott (R-SC) has announced the launch of a working group to reform the National Flood Insurance Program (NFIP).Senators John Kennedy (R-LA) and Mike Rounds (R-SD) will lead the working group with an aim to identif...Reuters
Jan 30, 2025
Stocks
DeepSeek AI Is Creating a Massive Overreaction for Nvidia and Other AI Stocks
In today's video, I discuss Nvidia (NASDAQ: NVDA) and recent AI updates impacting DeepSeek. To learn more, check out the short video, consider subscribing, and click the special offer link below.*Stock prices used were the after-market prices of Jan. 28, 2025. The video was published on Jan. 28, 202...The Motley Fool
Jan 30, 2025
Stocks
GLOBAL MARKETS-Stocks rise as 'Magnificent Seven' earnings land; gold nears record
Wall Street stocks rally after Meta, Tesla earningsMicrosoft tumbles after downbeat cloud outlookDollar dips, gold nears record as traders rush to borrow metalFed keeps US rates steady, ECB cuts ratesECB cuts rates, euro steadyBy Amanda Cooper LONDON, Jan 30 (Reuters) - Wall Street shares rallied...Reuters
Jan 30, 2025
