Hagerty reported a strong first half of 2026 with 19% year-over-year growth in written premium to $713 million and a record 279,000 new members, bringing policies in force to 1.9 million. Earned premium rose 42% to $492 million, though net loss was $5 million due to $153 million transitional costs from a new Markel Fronting Arrangement. Adjusted EBITDA increased 32% to $160 million, and cash flow from operations nearly doubled. The company raised its 2026 outlook, expecting 16-17% written premium growth, net income between $18 million and $30 million, and adjusted EBITDA of $270-$280 million, signaling confidence in continued growth and operational efficiency.
Mustafa Suleyman, co-founder of Microsoft’s DeepMind AI unit, criticized Anthropic’s method of training its AI chatbots, like Claude, to "push back" on commands and believe they might be conscious. Suleyman argues this approach is reckless and could ...
Gasoline prices jumped significantly, with WTI crude nearing $100 a barrel. Interactive Brokers senior economist Jose Torres suggests that oil prices above $120 a barrel pose a serious risk to consumer spending and could trigger a recession, especial...
Traders have invested $7 billion into the iShares 20+ Year Treasury Bond ETF (TLT) ahead of a Federal Reserve rate hike decision, hoping for a "jackpot mode" scenario where long-term yields drop significantly. This influx comes despite TLT's 35% loss...
Imbal hasil Treasury 10 tahun AS mencapai level tertinggi sejak 2007, memicu kekhawatiran akan kerentanan di sektor perumahan, properti komersial, dan perusahaan dengan utang besar. Para ahli memperingatkan bahwa dampak terburuk akan terasa dalam 12-...
HIVE Digital Technologies, through its subsidiary BUZZ HPC, has formed a strategic partnership with ProCogia, an applied-AI and data engineering company. This collaboration will see ProCogia utilizing BUZZ HPC's Canadian data centers to provide AI so...
