A magnitude 6.8 earthquake struck near Kumamoto City, Japan, on July 28, causing widespread damage and disrupting key manufacturing hubs. Verisk Analytics estimates insured property losses from the quake between JPY 220 billion and JPY 340 billion (approximately USD 1.4 billion to USD 2.1 billion). The losses mainly stem from ground shaking damage to residential, commercial, and industrial properties. The estimates exclude uninsured losses and other economic impacts like business interruption. Verisk continues to monitor the situation and may update its loss estimates.
CoStar Group reported disappointing second-quarter results and lowered its full-year guidance, raising doubts about its growth prospects. The company's stock has fallen about 60% year-to-date and nearly 70% over the past year, yet its valuation remai...
Cardano (ADA) rose 8.74% in 24 hours, breaking out of a multi-week consolidation by surpassing the $0.1812 resistance level with strong volume, signaling genuine buying interest. This breakout aligns with a broader altcoin market rotation from Bitcoi...
Bitcoin's price remains stuck near $63,000 after a sharp correction erased its earlier gains this year. The cryptocurrency is consolidating around its 50-day moving average, showing a balance between buyers and sellers but lacking clear momentum. Key...
Solana (SOL) is trading around $73 but remains below important resistance levels at its 100-day and 200-day moving averages, indicating weak bullish momentum. The price is consolidating in a narrow range with neutral market indicators like the RSI ne...
XRP remains pressured around $1.08 after breaking below a symmetrical triangle pattern, signaling continued bearish control. Key moving averages at $1.09, $1.10, and $1.20 act as strong resistance, limiting upside potential. Trading volume is low, in...
