Newsfeeds Archive - Spark Newswire

2 minute read

Looking For Superlative Returns? Investor Flags Potential 30% Gains In This Sector After Warren Buffett Turns Market Focus Toward These Stocks

May 18, 9:37 AM

The next market rotation could be into insurance stocks and they could rally as much as 30%, according to an investment advisor.

BRK

2 minute read

Citadel’s Ken Griffin Says Fed Must Keep Rates ‘Higher For Longer’

By Erica Kollmann

May 7, 11:30 AM

Citadel CEO Ken Griffin joined CNBC's "Power Lunch" Monday and discussed inflation, interest rates and the influence of AI on the American workforce. "They've got to stay with higher rates to bring inflation back in check," Griffin said. "They need to bring inflation down over time." The Citadel CEO noted that inflation has come down in goods, but remains elevated in the services sector. "Powell and the team, I think, has made the right choice of staying higher for longer."

IAK

2 minute read

April Showers On Wall Street: Miners, Utilities Emerge As Bright Spots In Gloomy Market

By Piero Cingari

April 30, 4:38 PM

Performance in April 2024: Utilities lead, real estate lags. S&P 500, Nasdaq 100, Dow Jones Industrial Average, small-cap and large-cap indices all decline.

AAUKF

2 minute read

Elevated Catastrophe Losses From Hail and Wind Storm Hurt Travelers Companies Q1 Profit, Stock Slides

By Anusuya Lahiri

April 17, 8:19 AM

Travelers Companies (NYSE: TRV) reported mixed first-quarter results, with earnings below expectations. Net written premiums and revenues increased, but core income per share fell below forecast. The company also declared a 5% dividend increase. Stock down 2.81% premarket.

IAK

3 minute read

Deadly Floods In California Puts 38 Million Under Emergency Alert While State Faces Massive Insurance Crisis

By Natan Ponieman

February 6, 5:10 PM

Unprecedented levels of rainfall have caused the low-elevation sections of the Los Angeles area to flood with water and mud.

ALL

2 minute read

How EVs, High-Tech Vehicles Are Fueling Surge In Insurance Stocks

By Piero Cingari

January 25, 2:49 PM

Insurance company stocks in 2024 have outperformed S&P 500, with a 5% increase driven by soaring vehicle insurance costs and complexity of EV repairs.

ALL

4 minute read

Top 5 Best And Worst U.S. Industry ETFs In Q1 2023: AI and Bank Turmoil Shaped Stock Returns

By Piero Cingari

March 31, 11:34 AM

The first quarter of 2023 was positive for the U.S. stock market as a whole, with the S&P 500 index faithfully tracked by the SPDR S&P 500 ETF Trust (ARCA: SPY), rising by 6%.

ACDC