Home Blog Page 66

State Farm’s $5 billion dividend payout is largest in company history: Who’s eligible?

By
moneyvests
-
0
State Farm's $5 billion dividend payout is largest in company history: Who's eligible?


State Farm Mutual Automobile Insurance Company is paying out the largest cash dividend in its more than 100-year history. The company says it will distribute the $5 billion in payments over the coming months to policyholders, covering more than 49 million vehicles. 

Here’s how to find out if you’re on the list for a payout.

Who is eligible for the State Farm insurance dividend

The dividend is being paid to customers who held qualifying State Farm auto insurance policies in 2025 and whose calculated dividend amount is $10 or more. 

You do not have to be currently insured by State Farm to receive the dividend payment. 

How much will eligible policyholders receive?

Eligible customers may receive more than one check. State Farm says the dividend payments average $100 per vehicle but will vary by state and depend on the premium amounts a policyholder paid. Each dividend payment — for each vehicle — will be between 4% and 10% of the premium paid for each qualifying policy held in 2025.

Payments to policyholders vary by state because insurance rates also vary by location.

When will the dividend payment be received?

Qualifying customers who will receive the dividend payments are currently being notified. Customers with an email address on file with State Farm will be notified by email. Instructions will be included on how to log into an online payment portal to receive an electronic payment or to choose payment by check. 

State Farm customers without a current email address on file will receive an automatic payment by mail. 

Dividends are being sent in batches sorted by location, and State Farm says it may take months to issue all payments. Customers can call 888-808-9532 or visit SFDividend.com for more information about state-specific dividend delivery dates.

Only payments will be issued; credits to a policy account will not be made.

Will the dividend change future auto policy rates?

Insurance premium rates will not be affected by the issuance of a dividend. State Farm says current policy rates “are based on expected future costs. This dividend is calculated based on 2025 financial results.”

Will homeowner, renter, and life insurance policyholders receive a dividend?

No. State Farm said that it manages each line of business separately. Dividends are currently being issued only to vehicle policyholders. 

Do all insurance companies issue dividends?

No, only “mutual” insurance companies offer potential dividends to members. Each policyholder of a mutual company is considered a shareholder, or member. External shareholders are not allowed. So, dividends are distributed to members as a benefit of the company’s financial success.

Private companies and publicly traded organizations have stockholders. Investors hold the shares, and the majority stockholders control the company. Dividends are paid to shareholders, and the company can raise capital by selling private or public shares.

A mutual company cannot sell stock to raise capital. It relies on member payments and careful budgeting to earn a profit, which is then paid to members as a dividend. 



Source link

Hyperliquid’s $3.36M whale move meets rising exchange inflows – What’s next?

By
moneyvests
-
0
Hyperliquid’s $3.36M whale move meets rising exchange inflows - What's next?


Hyperliquid [HYPE] whale accumulation strengthened demand again after one newly created wallet withdrew 57,000 tokens, worth $3.36 million, from Coinbase. 

Importantly, the withdrawal moved those tokens away from Coinbase’s immediately tradable liquidity. Therefore, the transaction strengthened HYPE’s whale accumulation narrative despite the competing exchange-side conditions elsewhere. 

Large withdrawals usually tighten the accessible supply when holders retain tokens outside centralized trading venues. However, one wallet alone could not establish a broader accumulation trend without supporting demand elsewhere. 

The deal instead delivered a valuable demand signal to the evolving market structure of HYPE. Meanwhile, HYPE continued its recovery movement, which reinforced the significance of the accumulation. 

Recent $3.38M inflow pressures whale demand

Activity on the exchange was against the whale withdrawal narrative, with HYPE having a recent Netflow of +$3.38 million in the spot segment. Unlike the Coinbase withdrawal, positive netflow represented more tokens entering exchanges than leaving them overall, creating supply pressure.  

That meant capacity for exchange-side supplies had to be increased for trading or distribution, so the reading added to the potential for exchange-side supplies. 

More significantly, the divergence established a direct competition between the accumulation of whales in isolated areas with the wider exchange flows. There is a need for additional whale demand for this return in liquidity to have any real meaningful effect for supply to tighten. 

Source: CoinGlass

Derivatives expand while shorts absorb pressure

The derivatives market saw wider participation by trading volume rising 18.98% to $1.74 billion in HYPE. 

Open Interest (OI) too rose by 0.73% to $2.54 billion, while there was a slight increase in outstanding leveraged exposure. On the other hand, Options Volume jumped 174.12% to $2.09 million as trading activity expanded into perpetual markets beyond options. 

Options OI rose by 2.25% to $18.44 million, adding another layer of growing exposure. The overall positioning was slightly short weighted, though, as the 24-hour Long/Short Ratio dropped to 0.9689. Liquidations offered a different lens to look at the performance of those positions in HYPE’s recovery. 

Short liquidations totaled $1.14 million in 24 hours, almost double the $599.76K in long liquidations. The total value of total liquidations was $1.74 million for the period. Thus, the increased volume was accompanied by a higher pressure against short positions, helping the buyers despite the short positioning bias.

Source: CoinGlass

Can HYPE extend recovery toward $62? 

Price recovery strengthened after HYPE defended the $53.67 support region and subsequently reclaimed $57.10.

At the time of analysis, HYPE traded near $59.59, placing the market between reclaimed support and the next resistance at $62.48. 

Additionally, the day’s directional edge was with the buyers as +DI closed at 24.91, while -DI closed at 12.92. ADX, however, stayed at 16.04, showing weak momentum building up on the ongoing trend. 

Despite the buyers’ advantage, the weak ADX reading dampened the bullish DMI reading. A sustained hold above $57.10 would preserve the recovery structure and keep $62.48 within reach. A move above $62.48 would solidify the push higher and may bring the medium-term $68.00 resistance level into focus. 

Alternatively, renewed selling could pressure $57.10 again before exposing $53.67.  Therefore, HYPE needed stronger directional participation to convert its rebound into a broader price expansion.

HYPE price actionHYPE price action
Source: TradingView

Final Summary

  • Fresh whale accumulation supports HYPE, but rising exchange supply could restrain further gains.
  • HYPE reclaimed $57.10, while expanding derivatives activity keeps $62.48 firmly in focus.

 



Source link

Costco launching Medicare Advantage plans with SCAN Group

By
moneyvests
-
0
Costco launching Medicare Advantage plans with SCAN Group


Costco Wholesale Corporation and nonprofit insurer SCAN Group announced a partnership on Tuesday to sell Costco-branded Medicare plans, marking the retailer’s first entry into the Medicare market. The two companies plan to begin with Medicare Advantage products in two states and a Medicare supplement plan in a third, pending regulatory approval from the Medicare agency, according to the Wall Street Journal.

The companies declined to name the target states or disclose timing, citing restrictions on disclosure while the plans await agency approval. The three markets together include around five million Medicare enrollees, according to the Wall Street Journal.

Under the arrangement, Costco would market branded health insurance products for older adults; the companies said covered services could encompass prescription drug access, Medflex over-the-counter benefits, vision care, and audiology, among other offerings. The plans will be sold in Costco stores as well as through insurance agents and other standard channels. Federal rules prohibit bundling a Costco membership with the health plans.

SCAN Group CEO Dr. Sachin H. Jain said the new Medicare Advantage plans would integrate closely with Costco’s existing offerings across prescription drugs, vision, over-the-counter medications, food, and hearing products. “We are trying to create something that’s incredibly simple for people to use that will enable them to seamlessly access their benefits,” Dr. Jain said.

Costco CEO Ron Vachris said in a statement that the partnership extends the retailer’s longstanding commitment to delivering value to its members. “We have developed a shared understanding of what matters most to the seniors we serve,” Vachris said in the statement. “Deepening our partnership allows us to build on that foundation and create value for our members.”

Richard Stephens, senior vice president for pharmacy at Costco, described the Medicare effort as a pilot. “We plan to learn a lot from it, and we plan to make sure that we have the right product for our members,” Stephens told the Wall Street Journal. He added that Costco members trust that the retailer has vetted what it sells, and that the company aims to apply that same standard to the new insurance product.

SCAN Health Plan’s coverage footprint spans 33 counties across six states — California, Arizona, Nevada, Texas, New Mexico, and Washington — reaching close to 460,000 members. When affiliated programs and entities are included, the broader SCAN Group network reaches roughly 500,000 members and patients, the company said. The two companies declined to disclose the financial terms of the partnership.



Source link

David Ellison’s Paramount Is Hiring More Former Google Execs

By
moneyvests
-
0
David Ellison's Paramount Is Hiring More Former Google Execs


Paramount Skydance has a favorite company to hire from: Google.

David Ellison’s company has brought on two more former Google execs, product chief Dane Glasgow told employees in a memo on Tuesday afternoon.

Nick Lee, who was the corporate vice president of Microsoft AI, is Paramount’s new EVP of media systems. Before joining Microsoft, Lee was a senior director of engineering at Google for nearly 17 years.

Suzanne Pellican, who most recently worked as Google’s VP of ads user experience, is also an EVP and the head of design. Prior to her more than eight years at Google, Pellican spent over 14 years at Intuit.

“These new roles will build on the great work from our already world-class Product & Tech team, while driving renewed focus and investment around critical capabilities that will advance our strategic priorities forward,” said Glasgow, who is also a former Googler.

The hires reflect an “increased investment and focus” in Paramount’s products business, a person familiar with the team’s strategy said.

Lee and Pellican joined Paramount on Monday and will be based in Seattle and the Bay Area, respectively, Glasgow’s memo said. Paramount has called many of its staffers back to its New York and Los Angeles offices, though some tech employees stayed remote.

Ellison is trying to turn the 114-year-old Paramount into a tech powerhouse, in addition to merging with Warner Bros. Discovery. (Its $110 billion deal to buy WBD is on hold.)

Paramount hired Hugh Williams, a former Google VP who’s been called “the godfather of doomscrolling,” this spring as an EVP.

In May, the company hired Barak Turovsky, who ran Google’s AI language product for seven years, as its head of consumer AI.

Read Glasgow’s full memo about the hires below:

Team,
As we enjoy the last few weeks of summer and gear up for the rest of the year, I’m pleased to announce two additions to our Product & Technology leadership team.
First, Nick Lee joins us as EVP, Media Systems and will lead our end-to-end media supply chain and enterprise media systems strategy. Our media systems and supply chain are an important capability for Paramount. Building efficient, scalable ways for our audiences, partners and other stakeholders to receive and enjoy a seamless and high-quality entertainment experience is critical to our business success.
Nick will help accelerate this crucial function’s growth and evolution, as we bring product, engineering and operations functions from different parts of the business together for the first time. This builds on the recent organizational integration that merged Media Supply Chain Operations into Jon Mantell’s Content Systems and Operations group. These changes will enable us to develop a truly unified media systems portfolio alongside integrated operations across Paramount.
He will define the long-term architecture and platform strategy for our media technology ecosystem, simplify and modernize legacy systems, and drive greater automation, reliability, and scale across our content workflows. Nick will also lead the development of our next-generation licensing platform and establish the AI-ready media infrastructure needed to unlock new capabilities in content intelligence and workflow automation.
Nick will be based in Seattle and will partner closely with leaders in our streaming and licensing businesses. In addition to Jon, Tracey Wolfson, EVP and Head of Studio Content Operations Global Distribution at Paramount Television Studios, Ed Hoxsie, SVP of Worldwide Production for Global Content Distribution, and Max Miller, EVP of IT, will join Nick’s organization, as will select media supply chain product and engineering teams from Laksh Nathan’s team. Tracey and Ed will maintain a close partnership with PTVS and GCD, respectively.
Additionally, Suzanne Pellican is joining our team as EVP, Head of Design, tasked with unifying the design experience, language and capabilities across our consumer, advertising, production and enterprise products companywide.
Building on the strong design work from our team to date, especially across our consumer-facing products, her expertise will set a standard for the quality and coherence of the experiences we create for all of our users across every platform we operate. Suzanne will also help bring emerging technologies into our design practice and build a multidisciplinary organization spanning product design, design systems, research, and content design.
Suzanne will be based in the Bay Area and will partner closely with Product, Engineering, Marketing, and Ad Sales. Marc Mendell and his team will continue to lead the consumer design work and remain close with the streaming product team, reporting to Suzanne moving forward.
These new roles will build on the great work from our already world-class Product & Tech team, while driving renewed focus and investment around critical capabilities that will advance our strategic priorities forward.
Please join me in welcoming Nick and Suzanne to Paramount.
Cheers!
Dane





Source link

ADA price slips to $0.17 as Cardano maps out Dijkstra upgrade

By
moneyvests
-
0
ADA price slips to $0.17 as Cardano maps out Dijkstra upgrade


Cardano has outlined a two-stage plan for its next major network upgrade, but that does not seem to have done much for the price of ADA.

ADA traded near $0.174 as of this writing, which is almost 14% below the highest price it saw in August, with the chart showing that it has now lost most of the gains it saw when it went above $0.20 earlier this month.

Cardano sets out Dijkstra roadmap

The team explained that the upgrade means that Cardano becomes quicker while maintaining the security of the network.

In its first phase, it introduces Linear Leios—this increases the number of blocks Cardano can process. It will also introduce a form of nested transactions, something designed to help developers when they are building applications on top of the network, which adds another dimension that helps them be more flexible when developing applications.

The developers hope to finish and test the necessary software in Q4 2026, though that is not a mainnet date. Upgrade will need to go through Cardano’s testing networks first, which allows the main operators time to ensure that their systems are prepared for the changes.

The community would also need to approve the upgrade before it goes live.

A second phase is planned for Q2 2027, for now, and it will introduce Peras, which is planned to help the network achieve faster transaction confirmation.

Intersect has said that both timelines are estimates, as testing, community approval, and preparations by exchanges and other services could push them back.

ADA gives back August rally

ADA climbed to around $0.203 earlier this month but couldn’t establish itself above $0.20 because sellers have since pushed it back towards $0.17.

Buying momentum has now been lost during the time the price dropped, leaving $0.171 as an important area to watch.

Cardano ADA daily price chart
Source: TradingView

It was trading around that level up until its current surge gathered pace, and losing this position opens up the possibility of a move back towards $0.16, the level at which the buyers entered in July.

For now, for the picture for ADA to improve, it would need to first climb back towards $0.193, with the much larger and stiffer test back up towards $0.20, where the August rally stopped.

The planned upgrade enables Cardano to make its next biggest changes, but it will still be months before those changes are applied to the network successfully. Furthermore, for the time being, buying interest is the stronger driver towards ADA’s full recovery.

Final Summary

  • Cardano aims for the end of Q4 2026 to complete testing phase one of its upgrade.
  • ADA’s move above $0.20 has now failed to hold, and ADA has fallen back to $0.174.

 



Source link

Rocket Companies Slips as Mortgage Stocks Struggle: Can RKT Catch Up With UWM and Radian?

By
moneyvests
-
0
Rocket Companies Slips as Mortgage Stocks Struggle: Can RKT Catch Up With UWM and Radian?


Quick Read

  • RKT trades 40% below its 52-week high but outpaced UWMC, falling just 2% Monday versus UWMC’s sharper 6% drop.

  • REM’s 52-week range of $20 to $24 and MTG’s less than 1% Monday slip reflect broad mortgage sector rate sensitivity.

  • Rocket’s technology platform and scale position it to capture mortgage market share if rates fall and industry consolidation accelerates.

  • Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rocket Companies didn’t make the cut. Grab the names FREE today.

Rocket Companies (NYSE:RKT) stock is slipping 2% to $14.50 in Tuesday trading after falling 2% Monday as higher rates and weak mortgage activity continued to weigh on the housing market. Rocket Companies stock remains more than 40% below its $24.36 52-week high, showing that the recent recovery has yet to erase the damage from the housing slowdown.

Olga Maksimava / Shutterstock.com

The bigger question for Rocket Companies is whether lower borrowing costs can eventually revive mortgage originations enough to support stronger earnings. Rocket Companies has scale, technology and a broad homeownership platform, but the stock’s recent performance suggests investors remain cautious about the timing and strength of a mortgage recovery.

Rocket Still Has A Rate-Sensitive Opportunity

Rocket Companies could benefit significantly if mortgage rates move lower and homeowners become more willing to refinance or purchase homes. A softer inflation reading recently pushed interest rates lower and helped improve the outlook for mortgage affordability, although the rate decline wasn’t large enough to trigger a refinancing surge.

Rocket Companies also has an opportunity to gain share if weaker competitors struggle to operate profitably during a prolonged period of low origination volumes. Rocket Companies’ technology platform and scale could become more valuable if the mortgage industry consolidates further, giving the business a potential advantage when housing activity eventually improves.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rocket Companies didn’t make the cut. Grab the names FREE today.

UWM And Radian Show a Mixed Picture

UWM Holdings (NYSE:UWMC) stock has been considerably more volatile than Rocket Companies stock, falling 6% Monday to $1.49 while RKT stock declined 2%. Radian Group (NYSE:RDN) stock also fell less than 1% Monday to $37.05, while MGIC Investment (NYSE:MTG) stock slipped less than 1% to $31.11.

Those comparisons suggest Rocket Companies has recently held up better than some mortgage peers, although the broader group remains sensitive to interest rates and housing activity. Rocket Companies stock is therefore better viewed as a recovery play than as a conventional financial stock with a predictable earnings trajectory.

REM ETF Offers A Broader Mortgage Benchmark

The iShares Mortgage Real Estate Capped ETF (BATS:REM) provides a broader mortgage-related benchmark, although REM isn’t a direct substitute for Rocket Companies because its holdings are focused on mortgage real estate investment trusts. REM’s net asset value was $22.04 on August 17, with a 52-week range of $20.47 to $24.01.

Rocket Companies has a more direct connection to mortgage origination and homeownership than REM, so investors shouldn’t treat the ETF’s performance as a precise measure of RKT’s operating environment. Still, REM can provide useful context for how interest-rate expectations are affecting a broader group of mortgage-related assets.

All in all, Rocket Companies has a credible bullish case if lower rates eventually unlock refinancing and purchase demand, while the company’s technology and scale could help Rocket Companies capture more business during a recovery. The bearish case is that affordability problems and elevated mortgage rates could keep origination volumes weak for longer than investors expect, leaving RKT stock vulnerable despite its recent relative strength.

The takeaway is clear: Rocket Companies stock could become more attractive if housing activity improves without a corresponding deterioration in credit quality or margins. Investors should consider keeping their RKT position sizes moderate if they choose to invest, particularly because the stock remains well below its 52-week high and the timing of a meaningful mortgage recovery remains uncertain.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rocket Companies didn’t make the cut. Grab the names FREE today.

Contact editorial@247wallst.com for any questions or corrections.



Source link

1...656667...544Page 66 of 544