NEW YORK (Reuters) - MetLife ( MET ) and General Atlantic are forming a reinsurance venture, the companies' executives told Reuters on Wednesday, the latest in a growing trend of insurers and alternative money managers teaming up to boost returns from low-risk insurance assets. The venture, called Chariot Reinsurance, will have an initial equity contribution of more than $1 billion,...

07:38 AM EST, 12/11/2024 (MT Newswires) -- The Bank of Canada makes its policy announcement at 9:45 a.m. ET on Wednesday, with a press conference to follow at 10:30 a.m. ET, noted Bank of Montreal (BMO). The bank and markets expect the BoC to cut rates by 50 bps. October's 50bps cut was driven by weaker growth and inflation figures...

07:40 AM EST, 12/11/2024 (MT Newswires) -- Candel Therapeutic (CADL) shares were up more than two-fold pre-bell Wednesday after the company said that a phase 3 trial of its prostate cancer drug candidate met its primary endpoint. Frequency Electronics ( FEIM ) stock was up 24% after the company reported late Tuesday higher fiscal Q2 earnings and revenue. Rezolve AI...

Photronics, Inc ( PLAB ) stock gained Wednesday after fourth-quarter print. The company reported adjusted EPS of 59 cents, beating the Wall Street view of 52 cents.  Photronics ( PLAB ) reported quarterly revenues of $222.63 million, down 2% year-over-year. Sales beat the analyst consensus of $218.00 million. The revenue grew by 6% Q/Q. Also Read: Broadcom Likely For Upside...