ROBERTO SCHMIDT/AFP via Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Insurance companies are cautiously optimistic about the Trump administration’s policies for their industry: insurers saw their stocks soar in early April when the federal government announced a record 5.06% benchmark increase to Medicare Advantage plans. Must Read That is more than double the rate (2.23%) proposed by the Biden administration in January 2025, which was ...

WASHINGTON (Reuters) -U.S. wholesale inventories increased a bit less than initially thought in July, suggesting businesses were not rushing to rebuild inventory after stocks were depleted in the second quarter. Stocks at wholesalers edged up 0.1%, instead of rising 0.2% as estimated last month, the Commerce Department's Census Bureau said on Wednesday. Economists polled by Reuters had expected last month's estimate would be unrevised. Inventories, a key part of gross domestic product, gained 0.2% in Jun ...

Genesis has secured the Stage 1 Mining Proposal and Mine Closure Plan approval from the Department of Mines, Petroleum and Exploration for its Tower Hill project in Western Australia. This milestone aligns with the company's development timeline for stage one mining, ensuring that the project is on track for mine development in fiscal year 2027 (FY27) and the extraction of first ore in FY28. Genesis anticipates that agreements with rail users regarding the shortening of the rail line for stage two will b ...

Foodservice technology provider PAR Technology has introduced the PAR AI intelligence suite, a new embedded intelligence layer within its PAR product suite. The launch features an intelligent assistant, Coach AI, tailored to enhance critical functions in restaurant operations, facilitating actionable insights and outcomes. This integration of AI-powered features into PAR's core offerings, including point of sale (POS), drive-through, loyalty, back office and payments, requires no new apps or technical tr ...

Cheng Xin / Getty Images New Robinhood offerings are aimed at connecting retail investors to each other. Key Takeaways Retail investors are increasingly being armed with tools for finding and sharing investment ideas and making them go viral. Robinhood's new "Social" feature is the most recent example of fintechs and trading platforms catering to the new kids on the block, offering tools for discussing strategy with other traders and following peers' moves. "Retail recognizes that there's power in co ...

If you’re sitting at a fuel island weighing whether to keep running under your own MC or lease onto someone else’s authority, you’re not alone. 2025 has put a lot of pressure on small carriers and owner-operators to reevaluate everything. Margins are tighter. Brokers are pickier. Insurance rates are through the roof. And let’s not even talk about compliance. So what do you do? Do you go all-in on building your business with your own authority—or do you cut bait, lower your overhead, and lease onto a more ...

Sound Shore Management, an investment management firm, has released its investor letter for the second quarter of 2025. A copy of the letter can be downloaded here. The fund’s Investor Class (SSHFX) and Institutional Class (SSHVX) delivered 3.06% and 3.10%, respectively, in the second quarter of 2025 compared to a 3.79% return for the Russell 1000 Value Index (Russell Value) and 10.94% return for the Standard & Poor 500 Index (S&P 500). Sound Shore’s 35-year annualized returns were 14.92% and 15.14% for SSH ...

If you’re hoping for a comfortable retirement, you may want to check in on your 401(k) to make sure it’s not underperforming. Learn More: Here’s Why You Might Want To Invest Your Retirement Savings in a Roth 401(k) Find Out: Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why Experts say the vast majority of employer-sponsored retirement accounts are underserving their investors. Many 401(k) accounts are either underperforming or overpriced. Just as alarming, ...

Galaxy Digital withdrew $40 million worth of Solana from Binance and Coinbase on September 10, signaling a strong conviction in the token’s long-term value. The move comes as Solana’s decentralized finance (DeFi) ecosystem breaks new records, with total value locked (TVL) climbing to record highs. Galaxy Digital’s Bullish Bet on Solana Galaxy Digital’s SOL withdrawal aligns with the Mike Novogratz-led firm’s deepening ties to the Solana ecosystem. The firm, alongside Jump Crypto and Multicoin Capital, ...

Novo Nordisk, the Danish pharmaceutical titan behind Ozempic, revealed today a sweeping global restructuring plan to cut roughly 11% of its total workforce, as rival weight-loss drugs flood the market. Novo Nordisk faces increasing competition from Eli Lilly, the U.S. firm behind Mounjaro, and a new wave of cheaper, compounded alternatives. By cutting around 9,000 positions — more than half of which are based in Denmark — the company anticipates annualized savings of roughly $1.25 billion by the end of 20 ...