The tepid support for ‘national team’ buying of stocks Increase in share buybacks by Chinese companies According to a recent opinion piece from Reuters, the support for ‘national team’ buying of stocks, which is an intervention to prop up the market, is only tepid. More than 1,100 companies, led by battery giant CATL, have responded…
Premium Growth in the US Excess and Surplus Market Overview Premium dollars continue to flow into the US excess and surplus market, which posted year-over-year growth of 12.4% during the first six months of 2024. US-domiciled insurers reported $48.62 billion in excess and surplus direct premiums written in the 50 US states plus the District…
US Unemployment Rate Hits 4.1%, Highest Since November 2021: A Quirky Look at the Latest Insights Quick Take The US unemployment rate has edged up to 4.1%, slightly higher than the consensus of 4.0%. This marks the highest unemployment rate since November 2021, though the labor market remains tight by historical standards. Nonfarm payrolls, however,…
Finance Magnates Africa Summit Returns to Sandton City FMAS:24 Set to Take Place from May 20-22 The Finance Magnates Africa Summit (FMAS:24) is set to return to Sandton City, South Africa in just under three weeks. The premium event stands as one of the most anticipated and hyped events of the calendar year, showcasing the…
Veracio’s Landmark Acquisition of Minalyze Set to Fast-Track Global Orebody Knowledge Through E… SALT LAKE CITY and GOTHENBURG, Sweden, Sept. 19, 2023 (GLOBE NEWSWIRE) — Pioneering a transformative leap in geosciences, Veracio has proudly entered into a binding agreement to acquire pioneers in scanning and data innovators, Minalyze for a total consideration equal to US$29.3…
Attention PACS Investors: Take Action Now with Bronstein, Gewirtz & Grossman LLC New York City, NY / ACCESSWIRE / November 21, 2024 Class Action Lawsuit Filed Against PACS Group, Inc. Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against PACS Group, Inc. (“PACS…
In a not-so unexpected turn of events, Bitcoin (BTC) has surged to new heights Bitcoin Breaks $57,000 Barrier During the early hours of Tuesday in the Asian market, Bitcoin broke the $57,000 barrier, reaching a price level not seen since November 2021. This surge marks a significant resurgence for the leading cryptocurrency. Bitcoin ETFs Experience…
SoFi Technologies: A Rollercoaster Ride for Investors The Ups and Downs of Q4 Earnings SoFi Technologies, a fintech company, recently reported strong Q4 metrics, surpassing guidance and exceeding expectations. However, despite this positive news, the stock took a hit due to lower-than-anticipated 2025 profitability projections. This volatility is nothing new for investors in the ever-changing…
