(Reuters) -Insurance technology firm Exzeo Group’s shares opened flat in their New York Stock Exchange debut on Wednesday, bucking the trend of strong listings in the insurance sector and valuing the company at nearly $1.91 billion. Shares of the Tampa, Florida-based Exzeo opened at $21 apiece, at par with the offer price. Exzeo had sold …
Insurance tech firm Exzeo valued at $1.9 billion in muted NYSE debut Read More »
By Sriparna Roy and Sneha S K (Reuters) -Health insurer Humana’s shares fell more than 7% after it did not provide performance commentary for 2026, disappointing investors even as it reported better-than-expected quarterly profit on higher revenues and in-line medical costs. The company did not provide membership or profit forecasts for 2026 in its quarterly …
Humana’s lack of 2026 commentary spooks investors Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. services sector activity picked up in October amid a solid increase in new orders, but subdued employment pointed to lackluster labor market conditions against the backdrop of economic uncertainty stemming from tariffs on imports. The Institute for Supply Management said its nonmanufacturing purchasing managers index rose to 52.4 last …
US service sector activity accelerates in October; employment still subdued Read More »
(Reuters) -Air Canada is set to wrestle with higher labor costs and sluggish U.S. leisure travel in 2026, as the country’s largest carrier plans to bring 35 new planes into its fleet, company executives told analysts on Wednesday. Canada’s largest carrier reported late on Tuesday a lower third-quarter profit, after striking cabin crew forced the …
Air Canada expects higher labor costs, record number of new planes in 2026 Read More »
By Aatreyee Dasgupta (Reuters) -Shares of Axon Enterprise slipped 18% on Wednesday, extending their fall a day after the Taser maker missed analysts’ estimates for third-quarter profit due to higher costs from U.S. tariffs. The Arizona-based Axon’s shares had fallen nearly 21% after market hours on Tuesday following the results. Axon, which makes police body …
Axon shares extend fall as tariffs hurt the Taser maker’s quarterly profit Read More »
By Deborah Mary Sophia (Reuters) -The New York Times added more than double the number of digital subscribers than Wall Street had expected in the September quarter, as consumers flocked to its website to keep track of the rapidly changing global political and economic landscape. The publisher on Wednesday also forecast strong subscription revenue growth …
New York Times tops estimates for subscriber adds on strong demand, bundling efforts Read More »
(Corrects spelling of analyst name in paragraph 3 to Syed) By Deena Beasley (Reuters) -Amgen on Tuesday reported quarterly financial results that beat Wall Street expectations, and raised its full-year outlook, as 12% sales growth offset expenses related to experimental weight-loss drug MariTide and a higher tax rate. The California-based biotech company’s third-quarter revenue also …
Amgen profit beats estimates, weight-loss data due by year-end Read More »
(Reuters) -Ripple has raised $500 million in a strategic investment valuing it at $40 billion, the crypto firm said on Wednesday, in a funding round led by Fortress Investment Group and Citadel Securities. The investment comes on the heels of Ripple’s $1 billion tender offer earlier this year at the same valuation, the company said. …
Crypto firm Ripple raises $500 million in latest investment round Read More »
By Mike Scarcella WASHINGTON, (Reuters) -Alphabet’s Google said on Tuesday it has reached a comprehensive U.S. court settlement with “Fortnite” video game maker Epic Games, agreeing to Android and app store reforms aimed at lowering fees, boosting competition and expanding choices for developers and consumers. In a joint filing in the federal court in San …
Google proposes app store reforms in settlement with ‘Fortnite’ maker Epic Games Read More »
By Stine Jacobsen and Louise Rasmussen COPENHAGEN (Reuters) -Denmark’s Orsted and Vestas, two of the world’s top offshore wind power groups, urged European nations on Wednesday to speed up permitting, improve auction terms and invest in power grids to deliver their potential for strong growth in the sector. The offshore wind industry, facing a near-frozen …
Offshore wind leaders urge European policy fixes as Trump freezes US permits Read More »
