Oct 29 (Reuters) - Life and mortgage insurer Genworth Financial Inc's third-quarter profit rose three-folds as losses narrowed in its U.S. mortgage insurance business.
Net profit rose to $108 million, or 22 cents per share, for the third quarter ended Sept. 30, from $35 million, or 7 cents per share, a year earlier.
Loss in the company's U.S. mortgage insurance business narrowed to $3 million from $37 million.
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
Meta reported its Q1 earnings after the bell, beating analysts' expectations on the top and bottom, but a disappointing Q2 forecast sent shares falling.
Finance expert Suze Orman has voiced concerns about the impact of climate change on property insurance costs, asserting it could threaten the American dream of homeownership. Orman, 72, faced a $28,000 annual insurance quote for her Florida oceanside condo, leading her to forego coverage entirely. She highlights a troubling trend where soaring insurance costs driven by frequent and severe weather events may deter Americans from buying homes. Don't Miss: For many first-time buyers, a house is abo
Chipotle posted another strong quarter against a difficult macro backdrop.
Ford reported first quarter results after the bell that beat expectations on Wednesday, with its changing product game plan front and center along with its focus on gas and hybrid offerings.
Meta stock sank late Wednesday as the Facebook parent company's first-quarter results apparently failed to live up to sky-high expectations. While the company beat consensus expectations for both sales and earnings, Meta Platforms executives gave a lighter-than-expected sales forecast for the current quarter. Meanwhile, Meta's push to be a leader in generative artificial intelligence is adding to its costs.
Six teams managing nearly $15 billion in total assets quit JPMorgan Chase’s brokerage unit to join competitors last Friday. Here’s what may have triggered their departures.
Shares in Meta plunged on Wednesday after the US tech giant revealed plans to increase spending on artificial intelligence (AI) technology.
(Bloomberg) -- Seven property insurers in Florida went bankrupt in 2021 and 2022. The bankruptcies left thousands of homeowners scrambling to get new coverage, which often came with a big increase in cost. Worse, many had outstanding claims for hurricane damage that had not been addressed.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Hit in Late Hours After Meta’s Outlook: Mar