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Augment Risk targets European MGA sector with Heimann hire :: Insurance Day Read More »
Key Takeaways Homebuilder stocks jumped Friday after comments from a Federal Reserve official boosted hopes of an interest rate cut in December. A drop in the central bank’s benchmark rate could lead to lower mortgage rates, which would help homebuyers and drive more revenue for homebuilders. Builders are getting a big boost from rising expectations
Key Takeaways Private employers added 42,000 jobs in October, payroll provider ADP said, bouncing back after two straight months of losses. The job gains did little to change the picture painted by recent reports of a stalled-out job market. The lackluster job growth could encourage officials at the Fed to cut interest rates to prevent
Private Sector Adds Jobs For The First Time In Three Months Read More »
Australia’s Finance Sector Union seeks intervention in ANZ’s plan to cut 3,500 jobs
Australia’s Finance Sector Union seeks intervention in ANZ’s plan to cut 3,500 jobs Read More »
Fitch Ratings has revised its outlook for the global reinsurance sector to “deteriorating” for 2026 from “neutral” for 2025, reflecting its expectation that underlying operational and business conditions are likely to worsen, “although they will remain overall favorable for reinsurers worldwide.” “Abundant capacity and rising competition are likely to lead to gradual price erosion across
Fitch Revises Global Reinsurance Sector Outlook to ‘Deteriorating’ on Rising Competition Read More »
Russian services sector stabilises in August as employment rises, PMI shows
Russian services sector stabilises in August as employment rises, PMI shows Read More »
Musk Sees 80% of Tesla Revenue Coming From Robots 9 minutes ago Tesla (TSLA) CEO Elon Musk has long touted humanoid robots as key to the electric vehicle maker’s future. Now he’s putting a number on its value. In a post on his X social media platform Monday, Musk said “~80% of Tesla’s value will be Optimus”
Stocks Close Lower as Tech Sector Slump Continues; Gold Surges to Record High Read More »
Incorporating top stocks from a variety of sectors can be an effective way to balance out an investment portfolio. The Global Industry Classification Standard assigns each stock into a market sector to make it easier for investors to compare companies to their peers and track broader market movements. The system isn’t perfect. For example, Amazon