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Vendor failures drive more than half of all wedding insurance claims - Travelers

Travelers reported that vendor failures were the leading cause of wedding insurance claims in 2025 for the fifth consecutive year, accounting for 55% of all payouts. This trend occurs as the average US wedding cost reaches $34,200, making couples vulnerable to significant financial losses from business bankruptcies. Despite rising risks, only about 30% of couples purchase wedding insurance, indicating a substantial unmet need in the growing special event insurance market.

Source: Insurance Business
June 02, 2026 | 05:39:44
Category: General

Seritage Growth Properties Sets $50.76 Million Option Sale of Dallas Property With Arena Development

Seritage Growth Properties has entered into an option purchase and sale agreement with Arena Development Intermediate for a Dallas, Texas property valued at $50.76 million. The agreement is subject to adjustments and is cross-conditioned with an adjacent land deal. The buyer has paid an initial option fee and will make further monthly payments, which are incremental to the purchase price and mostly non-refundable.

Source: TradingView
June 02, 2026 | 05:40:29
Category: General

Boston Properties Inc stock (US1011211018): Norges Bank stake and price action put NYSE REIT in focu

Norges Bank has disclosed a significant new stake of approximately 10.2 million shares, valued at $689.4 million, in Boston Properties Inc, an office-focused REIT. This substantial investment, alongside other institutional movements and the stock's trading below analyst price targets, is drawing attention to the company within the commercial real estate sector. Analysts currently assign a "Hold" rating to the stock with an average price target of $71.30, indicating a potential undervaluation compared to its current NYSE closing price around $59.13.

Source: Ad Hoc News
June 02, 2026 | 05:46:16
Category: General

S&P keeps Futu at BBB- as China business winds down

S&P Global Ratings has reaffirmed Futu Holdings Limited's long-term issuer credit rating at "BBB-" with a stable outlook, citing its strong Hong Kong market position, geographic diversification, very strong capitalization, and adequate funding profile. This reaffirmation comes despite the planned phaseout of its mainland China business over the next two years. The rating reflects Futu's intrinsic ability to meet debt obligations and its strategic moves to expand business scope and geographic reach.

Source: Stock Titan
June 02, 2026 | 06:02:36
Category: General

Thermo Fisher Scientific Expands Orbitrap Innovation Across Research, Biopharma and Applied Testing at ASMS 2026

Thermo Fisher Scientific is expanding its Orbitrap mass spectrometry portfolio at ASMS 2026 with new platforms, AI-enabled software, and integrated workflows. These innovations aim to provide deeper insights and more confident results across research, biopharmaceutical, and applied testing markets. The company highlighted new instruments like the Orbitrap Tribrid Apex MS, Orbitrap Excedion MS, and Orbitrap Exploris GC S MS, alongside software advancements to streamline analysis and improve data interpretation.

Source: BioSpace
June 02, 2026 | 06:07:45
Category: General

RGC Resources Inc stock (US7623061033): Stable trading ahead of next earnings update

RGC Resources Inc (RGCO) stock is trading stably around $23 on Nasdaq as investors await the next quarterly results. The Virginia-based natural gas utility, a small-cap income-oriented stock, shows a P/E ratio near 17 and a dividend yield of about 3.7%. The market is primarily influenced by broader utility sentiment and interest rate expectations, given the lack of recent company-specific news.

Source: Ad Hoc News
June 02, 2026 | 03:44:58
Category: General

RKLB Stock Suffers Worst Selloff In 2 Years — President, COO, Other Insiders Cashed Out $18M After Record Highs

Shares of Rocket Lab USA, Inc. (RKLB) experienced their largest selloff in over two years after four company insiders sold $18 million worth of stock following a record rally in May. The insider sales included President Marvin Clevenger, COO Frank Klein, General Counsel Arjun Kampani, and Director Alexander Slusky. The stock's performance was also impacted by a Blue Origin rocket explosion and cooling sentiment around SpaceX's IPO valuation, despite Rocket Lab securing over $1.3 billion in defense contracts and making strategic acquisitions.

Source: Stocktwits
June 02, 2026 | 04:02:18
Category: General

Generac Signs Global Supply Agreement with Leading Hyperscale Data Center Operator to Supply Backup Power

Generac Holdings Inc. announced a global supply agreement with a leading hyperscale data center operator to provide backup power generators. This agreement positions Generac as a key supplier for essential digital infrastructure, solidifying its role in supporting the growing digital economy. The company's strategic investments and extensive capabilities in mission-critical infrastructure were crucial in securing this significant contract.

Source: PR Newswire
June 02, 2026 | 04:04:41
Category: General

Eaton Corp plc stock (IE00B8KQN827): options activity and upcoming earnings keep focus on NYSE ETN

Eaton Corp plc (ETN) shares are trading near recent highs on the NYSE, drawing investor attention due to unusual bullish options activity and an upcoming earnings report. The stock has shown solid performance, gaining about 25% over the past 52 weeks and 25.6% year-to-date, closely tracking its industrial peers. Market participants are keen on the next quarterly update, especially given the company's strong profitability in the electrification and power management sectors.

Source: Ad Hoc News
June 02, 2026 | 04:06:30
Category: General

Generac wins deal to power data centers behind banking and healthcare

Generac (NYSE: GNRC) has secured a global supply agreement to provide backup power generators to a leading hyperscale data center operator. This deal positions Generac to support essential services like banking and healthcare by ensuring critical digital infrastructure remains operational. The agreement follows a rigorous qualification process and leverages Generac's strategic investments in C&I, acquisitions, collaborations, and expanding manufacturing capabilities.

Source: Stock Titan
June 02, 2026 | 04:08:41
Category: General

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