Federal Life Assigned A- (Excellent) Financial Strength Rating From AM Best
CHICAGO, Jan. 04, 2024 (GLOBE NEWSWIRE) -- We are pleased to announce that AM Best has assigned a Financial Strength Rating of "A-" (Excellent) and a Long-Term Issuer Credit Rating of "a-" (Excellent) to Federal Life
Federal Life Partners With World's Third-largest Reinsurer and U.K. Financial Product Specialist to Bring a Later Life Annuity Solution to U.S. Consumers
CHICAGO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Federal Life Insurance Company has partnered with global reinsurer Hannover Re and later life insurance specialists Vidale Marketing Group to offer the MyImmediateCarePlan
Press Release: Federal Life Welcomes John Horbal and Matt Trosper to Its Executive Team
Federal Life Welcomes John Horbal and Matt Trosper to its Executive Team Insurance Industry Veterans John Horbal and Matt Trosper Join Federal Life Insurance Bringing Additional Corporate Finance, Pl
Press Release: Federal Life Group Hires Knut Olson as CEO
Federal Life Group Hires Knut Olson as CEO Industry Leaders Tom Marra (Chairman), David Foy and David Herzog join the Company's Board of Directors to Support Growth and Expansion CHICAGO, Aug. 08, 2
Federal Life Partners With Swiss Re and Leading Insurtech Company to Bring a New Digital-First Insurance Solution to Market
The LifeStage product reflects Federal Life's commitment to innovating in the later life insurance sectorCHICAGO, May 09, 2023 (GLOBE NEWSWIRE) -- Federal Life Insurance Company has partnered with g
Federal Life Group, Inc. Announces Change in OTC Markets Reporting Tier
RIVERWOODS, Ill., April 25, 2023 (GLOBE NEWSWIRE) -- Federal Life Group, Inc. (the "Company") (OTCMKTS: FLFG), the holding company of Federal Life Holding Company and its subsidiaries, today announc
The “stock goddess” went wild when US stocks plummeted on Monday
Cathie Wood (Cathie Wood), founder of Ark Investments, is famous for buying on dips when her optimistic stocks fall. In the midst of a sharp decline in US stocks on Monday, the fund manager known as the “female stock god” did the same. Ark Investment Term Fund bought a total of 40,4020 Robinhood shares and 96251 Coinbase shares on Monday. The stock prices of both companies plummeted by more than 5% on Monday. At Monday's closing price, these shares were worth $16.4 million and $22.8 million, respectively. Additionally, Wood's Ark Innovation ETF bought 4,3679 R shares
The "big short" prototype held positions in the second quarter: increasing its holdings of Tesla, Inc. put options
The Scion fund managed by the "big short" prototype Michael Burry released 13F documents for the second quarter. As of the end of June, the fund held nearly 1.1 million put options on Tesla, Inc. (TSLA.O), valued at $731 million, up from the 800000 shares disclosed in the previous quarter, according to the documents. In addition, the fund holds put options on 235500 shares of ARKK. Scion bought Discovery shares last quarter, as well as Walmart Inc Department Store (WMT.N), Cardinal Health (CAH.N) and
Market analysis: VIX shows that the S&P 500 index may also face the storm in August
Halfway through August, it looks like this month will be one of the calmest months in the history of the S&P 500 index. However, under the laid-back appearance, the market's anxiety about the index's prospects seems to be showing no signs of abating. The indicator that measures the implied volatility of VIX options has been rising for five of the past seven weeks, even though the VIX index itself has been declining. As a result, this indicator, known as the VVIX index, reached 7.5 times the VIX last Friday. The last time it reached this high was two months before the COVID-19 outbreak. Judging from historical records, when the ratio is higher than the current level, the stock market will not perform very well. Haina International's joint
Virgin Galactic closed down more than 17% on Monday after announcing that it would issue additional common stock
Virgin Galactic's stock price fell sharply on Monday, triggering a suspension in early trading. Earlier, the company announced an application for additional common shares, up to 500 million US dollars. By the close, Virgin Galactic's stock price was 40.69 US dollars, a decrease of 17.3%, the biggest one-day decline since December 14 last year. The stock has risen more than 80% so far this year. Virgin Galactic has 240 million outstanding shares, of which 164.6 million are available for public trading. According to the company's closing price of 49.20 US dollars last Friday, 500 million US dollars is equivalent to nearly 10.2 million shares. Bank of America previously said that after Virgin Galactic's successful test flight into space over the weekend
Corporate profit growth may peak, and the path to a bull market for the S&P 500 index is in jeopardy
Banks will be the first to release financial reports on July 13. Earnings for the second quarter may seem strong. 64% of S&P 500 company profits are expected to grow, which may mark the peak of this expansion cycle. This has raised fears that the key factors that underpinned the 15-month bull market — from the economic boom to large-scale policy support — will lose momentum.
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