Centene Shares Drop After Insurer Experiences Shock Losses

[ad_1] (Bloomberg) — Centene Corp. reported a shock quarterly loss Friday, yet one more disappointment for the embattled well being insurer, which just lately pulled its 2025 steering citing issues in its Inexpensive Care Act enterprise. Shares dropped 12.7% earlier than markets opened in New York. That they had fallen 56% because the begin of … Read more

UBS Reviewing Position of Bankers Behind Swiss Consumer FX Losses

[ad_1] (Bloomberg) — UBS Group AG is reviewing the function of six relationship managers who bought complicated forex derivatives to Swiss shoppers who didn’t absolutely perceive the danger, based on individuals conversant in the matter. A number of the bankers have already departed the financial institution, stated one of many individuals, who just like the … Read more

Air India, regardless of mounting losses, sees FY25 income inching nearer to Indigo’s

[ad_1] Mumbai: Air India has inched nearer to India’s largest airline, IndiGo, within the three years because the Tata Group introduced the nationalised service again into its fold. Indian water’s income in 2024-25 jumped 15% to ₹78,636 crore from ₹66,556.21 crore in FY24, after combining the funds of Air India, Tata SIA Airways Ltd, Talace … Read more

Significant losses in global markets, but the damage is uneven

No matter where you look, there have been significant losses in global markets, but they have not been distributed evenly. The S & P 500 closed Friday with a market capitalization of $42.99 trillion, a two-day loss of $5.06 trillion or 10.5% compared to its market capitalization Wednesday night, when President Trump raised U.S. tariffs … Read more