Pelagos Insurance saw its share price fall 9% after reporting Q2 earnings that missed expectations, primarily due to one-time catastrophe losses in the Middle East totaling $162 million. Despite these losses, the company’s underwriting remains strong with a combined ratio of 99.5%, and prior-year reserve improvements indicate conservative risk management. The reinsurance segment showed solid growth and profitability, while the investment portfolio remains high quality with a 4.9% yield and low credit risk. The current share price dip is viewed as a buying opportunity, with expectations for recovery as geopolitical risks ease.
Different major cryptocurrencies use distinct consensus algorithms to validate transactions and secure their blockchains. Bitcoin pioneered Nakamoto Consensus, relying on proof-of-work mining and cumulative computational effort to confirm transaction...
In 2026, buy now, pay later companies Sezzle and Klarna showed contrasting stock performances, with Sezzle rising 88% and Klarna dropping 50%. Sezzle's stronger profitability, with an adjusted EPS of $5.25 projected for 2026 and a price-to-earnings r...
Phantom will stop supporting the Sui blockchain on September 24, 2026, removing the ability to view, send, swap, or interact with Sui assets through its wallet interface. Users can still access their Sui assets onchain using compatible wallets with t...
Ledger fixed a race condition vulnerability in its Ethereum hardware wallet app that could allow malicious decentralized apps to replace legitimate transactions with harmful ones during signing. The bug, involving APDU command timing, risked users un...
In 2026, AI usage among sports fans rose to 69%, with accuracy being the top factor driving trust in AI-generated sports content. Nearly half of fans want a consolidated sports app to simplify their experience, though only 29% are willing to pay for ...
