Intact Financial Expects $149.3 Million in Catastrophe Losses
Intact Financial projects $149.3 million in catastrophe losses, with the largest portion in the U.K. and International segment. These losses will negatively affect net operating income.
Oil Prices Surge as Coalition Strikes Houthi Rebel Targets in Yemen
Brent crude and West Texas Intermediate prices rise as coalition forces target Houthi rebels in Yemen, amid tensions in the Middle East and concerns about global trade disruption. Iran's seizure of an oil tanker adds to the instability.
Air Astana Plans to Raise $120 Million and List on London and Kazakhstan Stock Exchanges
Air Astana, Central Asia's largest airline, plans to raise $120 million through an IPO and list its shares on the London and Kazakhstan stock exchanges. The IPO is expected to accelerate the company's growth strategy and open up new opportu...
Mortgage Rates Edge Up, but Expected to Stay Stable
Mortgage rates have edged up slightly but are expected to remain stable. Prospective home buyers can benefit from these rates, although rising prices and affordability challenges persist.
Petroleum Futures Surge on Weather and Geopolitical Factors
Petroleum futures surge due to cold weather in the US and tensions in the Middle East, leading to increased demand and concerns about wider conflict. Gasoline and diesel prices also see gains.
Office Properties Income Trust Cuts Dividend, Shares Fall
Office Properties Income Trust cuts dividend by 96%, resulting in a significant drop in share price. The company aims to increase liquidity and financial flexibility for future expenses.
Chris Christie Drops Out of 2024 Presidential Race
Former New Jersey Gov. Chris Christie has announced his withdrawal from the race to become the 2024 Republican presidential nominee, giving a potential advantage to Nikki Haley. This article discusses the impact of Christie's exit on the Ne...
Berkshire Hathaway Increases Stake in Occidental Petroleum
Berkshire Hathaway has acquired a 27.7% stake in Occidental Petroleum, taking advantage of decreased stock prices. Warren Buffett's conglomerate now owns over 243 million shares valued at $13.9 billion.
Nvidia Stock Continues to Surge, Breaking Out to New Highs
Nvidia's stock is making record-breaking moves, with indications of a bullish medium-term development. It is defying overbought conditions and attracting attention from investors.
Alphabet Inc. Cl A Shares Rise Amidst Dismal Stock Market
Alphabet Inc. Cl A shares experienced a notable rise of 1.52% amidst an overall gloomy day for the stock market. Impressive gains for the second consecutive day. Trading volume remained below average.