AI disruption fear might strike auto insurers. Two stocks are in the crosshairs

AI disruption fear might strike auto insurers. Two stocks are in the crosshairs

Artificial intelligence could shake up car insurance stocks as autonomous vehicles become more ubiquitous. That’s bad news for Progressive and Allstate , according to BMO Capital Markets. In a Thursday note, analyst Michael Zaremski said that the total addressable market for personal auto insurance could peak at about $560 billion around the year 2040. From…

Read More
Texas Roadhouse gets a pass from Wall Street. What’s next might be out of its control

Texas Roadhouse gets a pass from Wall Street. What’s next might be out of its control

Texas Roadhouse missed Street estimates on both the top and bottom lines in the fourth quarter as high beef prices weighed on profits. But the restaurant chain’s strong comparable restaurant sales through the first seven weeks of the first quarter of 2026 paired with no change in management’s commodity inflation outlook for the year are…

Read More
Sumitomo Pharma shares plunge despite greenlight for Parkinson’s treatment

Sumitomo Pharma shares plunge despite greenlight for Parkinson’s treatment

Kelvn | Istock | Getty Images Shares of Japanese drugmaker Sumitomo Pharma fell over 12% Friday on what appeared to be profit-taking, a day after the government endorsed the company’s iPS cell-based therapy for Parkinson’s and heart disease. The decision is a milestone in Japan’s years-long effort to cultivate a homegrown sector focused on cutting-edge…

Read More
Stocks making the biggest moves after hours: AKAM, OPEN, LYV

Stocks making the biggest moves after hours: AKAM, OPEN, LYV

Check out the companies making headlines in after-hours trading. Akamai Technologies — Shares of the cloud computing company dropped almost 8% in the after-hours session after Akamai gave disappointing first-quarter guidance. Akamai said it sees first-quarter adjusted earnings ranging between $1.50 and $1.67 per share, compared to the $1.75 per share consensus estimate from analysts…

Read More