Category: News

Insurance Stock Q2 Earnings Roster for Aug 3: AIG, CNA & More

The insurance industry, which broadly encompasses life, property and casualty (PC) as well as multiline insurers, has been suffering a setback from the COVID-19-led adversity. In fact, insurers had earlier predicted that their second-quarter results will be impacted significantly due to coronavirus-induced restrictions. The June quarter is likely to have witnessed a decline in new sales of insurance products.

The life insurance industry has been particularly hit hard by the very low interest rate levels, given their exposure to products that provide guaranteed minimum returns. PC insurers are witnessing weak investment income, induced by soft investment yields and equity market

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What People Are Shopping for Now, Months Into a Pandemic

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As the coronavirus pandemic drags on, online shopping habits continue to evolve.

Even with the easing of lockdown measures in most U.S. states (with some now reverting), a lot of people are still investing in staying at home, according to trends seen by media companies with large or growing affiliate businesses. This includes Wirecutter, owned by The New York Times; Vox, which owns New York Magazine and The Strategist and The Cut verticals; and Condé Nast, which is increasingly focused on affiliate revenue.

“I think we’ve reached a different stage, where it

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Stocks open mixed with earnings, stimulus talks in focus

Stocks traded choppily Monday morning ahead of a busy week of corporate earnings results, a Federal Open Market Committee monetary policy meeting and plethora of economic data reports.

The S&P 500 and Nasdaq Composite each opened slightly to the upside, with the materials and information tech sectors leading advances in the S&P 500. Shares of Amazon (AMZN) and Apple (AAPL) each rose more than 1%, with both companies set to report second-quarter results later this week.

Meanwhile, gold prices jumped to a record Monday morning, closing in on the $2,000 per ounce mark as investors piled into the safe haven

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what are my rights and what should I do with my money?

<span>Photograph: Audtakorn Sutarmjam/Alamy</span>
Photograph: Audtakorn Sutarmjam/Alamy

Every day the coronavirus-related job loss announcements mount up. British Airways is looking at axing possibly 12,000 posts; Boots is to cut 4,000, Pret a Manger 1,000, the owners of Upper Crust and Ritazza another 5,000. Airbus is talking of 1,700, Royal Mail 2,000 and Swissport, which handles airline baggage, about 4,500. When the furlough scheme ends, economists fear another huge wave of redundancies. We look at your rights and what you can expect financially.

What are my rights if there are redundancies where I work?

First, there are rules around consultation. In a big company (one

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Coinsquare Conclusion, Ethereum Fees and a GPT-3 Poet

Australian blockchain startups are taking tech giants to court for banning crypto advertisements during the ICO boom, Coinsquare executives have settled over accusations of wash trading and South Korea is mulling increased taxes on crypto profits.

You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. 

Top shelf

‘Be Thankful I Don’t Take It All‘
The South Korean government has proposed a 22% tax – including the 2% local income tax – on crypto trading profits. The

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