Munich Re Raises 2026 Profit Target to €6.6 Billion
Munich Re lifts its full-year profit forecast after preliminary third-quarter earnings of about €1.7 billion exceeded expectations, helped by lower major claims.
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Latest News
Zymeworks Signs Roche Cancer-Drug Deal Worth Up to $813 Million
Roche agrees to license Zymeworks’ experimental ZW209 cancer treatment for $55 million upfront, with further payments tied to development and commercial milestones.
Frasers Takes Control of Hugo Boss With 50.08% Stake
Frasers crosses the 50% ownership threshold at Hugo Boss, bringing the German fashion group into its consolidated accounts while minority investors retain their shares.
Nvidia’s AI Financing Faces Test as Neoclouds Sell Off
Nvidia’s cloud-capacity commitments and conditional guarantees face scrutiny as CoreWeave and other neoclouds suffer a selloff.
Moody’s Keeps France’s Aa3 Rating With Negative Outlook
Moody’s leaves France at Aa3 with a negative outlook after bond yields top 5%, keeping the focus on budget negotiations and rising debt costs.
American Express to Cut 5% of Jobs as It Prepares for AI
American Express plans to cut about 5% of its workforce as it prepares for AI, joining Barclays and Netflix in a broader push to reshape staffing.
Ronaldo Is First Active Athlete to Earn $2 Billion, Forbes Says
Forbes estimates Ronaldo has surpassed $2 billion in career pretax earnings and projects $300 million this season, distinct from his $1.2 billion net worth.
Inside Musk’s Empire: What a Tesla–SpaceX Merger Would Really Combine
Tesla, SpaceX, xAI, X, Neuralink and Boring form a connected business universe. A merger would reshape its ownership and the financing risks investors carry.
Gold Falls Below $4,000 as Oil Fuels Fed Rate Concerns
Gold touched $3,986.50 before recovering above $4,000 as oil-driven inflation fears and Fed rate expectations kept bullion under pressure.
Apple Launches iPhone Duo Worldwide After AAPL Hits Record High
Apple begins worldwide iPhone Duo sales after AAPL reached a record $348.36, putting demand for its $1,999 foldable and holiday deliveries in focus.
British Retail Sales Fall 0.4% as Warm Weather Hits Clothing
British retail volumes fell 0.4% in September as clothing and supermarket sales weakened, although sales still rose 0.7% across the third quarter.
Newmont Posts $2.20 Adjusted EPS as Cash Flow Fuels Buybacks
Newmont generates $1.9 billion in quarterly free cash flow, maintains its gold-output target and reports $2.8 billion remaining under its buyback program.