AMERISAFE Q3 Earnings Met Estimates, New Business Growth Aids
AMSF’s Q3 EPS meet estimates as strong policy retention and new business growth offset weaker investment income.
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Lumen Technologies shares extend AI-fueled surge after rosy cash-flow outlook
NEW YORK (Reuters) – Shares of Lumen Technologies surged 30% on Wednesday, extending gains from the previous session, after the telecommunications company boosted its annual free-cash-flow forecast due to demand related to artificial intelligence. Lumen shares were trading at $6.54 per share after hitting an intra-day high of $7.83, which is the highest since October…
Boeing Starliner capsule’s first crewed flight delayed over rocket glitch
(Reuters) – Boeing’s <BA.N> long-awaited first crewed test flight of the new Starliner space capsule was called off for at least 24 hours over a technical issue that launch teams could not resolve in time for the planned Monday night lift-off. The latest flight was scrubbed with less two hours left in the countdown as…
AMD launches new AI chips to take on leader Nvidia
By Arsheeya Bajwa TAIPEI (Reuters) – Advanced Micro Devices unveiled its latest artificial intelligence processors on Monday and detailed its plan to develop AI chips over the next two years in a bid to challenge industry leader Nvidia. At the Computex technology trade show in Taipei, AMD CEO Lisa Su introduced the MI325X accelerator, which…
BNB wins ‘Uptober’ amid Binance market crash scrutiny
BNB turned a sluggish October for Bitcoin into a breakout month, driven by memecoin trading, rising fees and Aster’s ascent despite renewed scrutin…
BMO raises S&P 500 target for 2024 to 6,100 from 5,600
NEW YORK (Reuters) – BMO Capital Markets on Thursday said it was raising its S&P 500 target for 2024 to 6,100 from 5,600. The benchmark index was last at 5,720, up 1.8% on the day, following Wednesday’s Federal Reserve decision to kick off its monetary easing cycle with half-a-percentage point reduction. “Much like our last…
Meta’s Threads hits 175 million users ahead of one-year anniversary
By Yuvraj Malik and Jaspreet Singh (Reuters) – Meta Platforms’ newest social media offering Threads has over 175 million monthly active users, CEO Mark Zuckerberg revealed on Wednesday, ahead of its first anniversary. A challenger to X, formerly known as Twitter, Threads hit app stores on July 5 last year, timed to win users from…
Qualcomm approached Intel about a takeover in recent days, WSJ reports
(Reuters) -Qualcomm made a takeover approach to chipmaker Intel in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter. Intel’s shares reversed course to rise 8%, while Qualcomm fell 4% in afternoon trade. Intel has been attempting to turn its business around by focusing on its chip foundry unit…
NATO agency places $700 million order for Stinger anti-aircraft missiles
WASHINGTON (Reuters) -NATO has placed an order for Stinger anti-aircraft missiles worth almost $700 million in the name of several member states, the alliance’s Secretary-General Jens Stoltenberg said on Tuesday. “Just today, the (NATO procurement agency) NSPA signed a new multinational contract for Stinger missiles worth almost $700 million,” he told a gathering of defence…
Gold set for best week in five on renewed US rate-cut hopes
By Ashitha Shivaprasad (Reuters) – Gold prices firmed on Friday, poised for their best week since April 5, following recent economic data that boosted bets of an interest rate cut from the Federal Reserve. Spot gold gained 0.2% at $2,350.87 per ounce by 0212 GMT after hitting a more than two-week high earlier. Prices have…