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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Ben & Jerry’s Showed America What Real Corporate Activism Looks Like

Ben & Jerry's wants to end white supremacy, among other progressive goals. (Photo: Ben & Jerry's)
Ben & Jerry’s wants to end white supremacy, among other progressive goals. (Photo: Ben & Jerry’s)

On June 2, while many other brands in the United States were posting a black square to their social media accounts and making carefully worded statements about racism in the wake of George Floyd’s death, Ben & Jerry’s had a much more direct message. The ice cream company tweeted an image that in bold letters read: “WE MUST DISMANTLE WHITE SUPREMACY.”

Among the flood of bland and empty corporate platitudes, the post stood out. It was no viral fluke, but the product of decades

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Listening Is the Catalyst to Emerging Market Innovation

Thomas Edison, arguably the greatest entrepreneur of modern times, once astutely said that innovation is 1 percent inspiration and 99 percent perspiration, because there’s a balancing act that often goes on between creativity and execution. Diving deep into what the perspiration looks like from the perspective of an entrepreneur is different than it is with an economist, but one would assume that in industries that are focused on emerging markets, entrepreneurs have the upper hand. Great entrepreneurs know how to listen to the perspective of their customers and users while still taking into account the perspective of their advisors and

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Retailers Beat Low Bar While Banks Stay Cautious: Earnings Wrap

(Bloomberg) — Some consumer companies beat depressed earnings expectations but the broader outlook for the rest of the year remains murky based on forecasts from chemical producers and banks, particularly with fears of a possible resurgence in virus infections.

Gucci-owner Kering SA said it was seeing signs of a recovery through online sales even as its second-quarter revenue plunged. French grocer Carrefour SA was also boosted by a standout performance in its Latin American arm. And though U.K. high street bellwether Next Plc’s sales fell by nearly three-quarters, the expectations were even worse.

European companies’ second-quarter reports so far have

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U.S. small businesses face mass closures without more pandemic aid

By Ann Saphir and Jonnelle Marte

OAKLAND, Calif./NEW YORK (Reuters) – After surviving two strokes at age 27, Olivia Colt threw herself into starting a catering business, a lifelong dream. Ten years and another stroke later, she had built Salt & Honey Catering Plus Events into a thriving operation in downtown Oakland.

Now with the coronavirus pandemic forcing cancellations of her customers’ weddings and events, she has slashed her staff from 25 to six and tried to drum up new business by selling groceries online. She secured a $100,000 forgivable loan under the U.S. Paycheck Protection Program (PPP) and another

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