Hurricane Milton could cost $60bn in insurance losses

World Kinect (NYSE:WKC) reported Q2 2025 results on July 31, revealing adjusted EPS of $0.59, surpassing the $0.48 forecast, while GAAP revenue of $9.04 billion fell short of the $9.32 billion expectation and declined 18% year-over-year. The quarter included $405 million in impairment and restructuring charges due to a strategic overhaul, particularly in the Land segment, despite strong performance in Aviation. Want More Context? 🔎

Stagwell (NASDAQ:STGW) reported Q2 fiscal 2025 earnings on July 31, revealing GAAP revenue of $707 million, surpassing estimates and marking a 5% year-over-year increase, alongside an adjusted EPS of $0.17. Despite a slight GAAP net loss of $0.02 per share, the results highlight growth in digital sectors and reaffirm the company's full-year guidance amidst varied segment performances. Want More Context? 🔎

Peoples Financial Services (NASDAQ:PFIS), a Pennsylvania community bank holding company, reported Q2 2025 earnings of $1.68 per share, exceeding the $1.47 forecast and significantly up from $0.46 a year prior. The bank saw net interest income more than double year-over-year, reflecting successful merger integration and improved efficiency ratios and asset quality. Want More Context? 🔎

Sirius XM (NASDAQ:SIRI) reported Q2 2025 earnings on July 31, revealing GAAP earnings per share of $0.57, missing expectations by $0.20 due to decreased net income and higher legal and restructuring costs. Despite showcasing strong free cash flow and innovation in content, profitability pressures persist; management remains optimistic about the full-year outlook amid challenging subscriber trends. Want More Context? 🔎

XRP (CRYPTO: XRP) experienced a notable 43% gain over 30 days ending July 29, but seasoned investors anticipate a pullback is inevitable, questioning its timing and depth. Key factors may soon trigger this correction, though past dips in XRP often appear as opportunities rather than failures, suggesting underlying strength in its long-term investment thesis. Want More Context? 🔎

Seacor Marine (NYSE:SMHI) reported Q2 2025 results on July 30, revealing GAAP revenue of $60.8 million, missing expectations by 12.3%, while its GAAP loss per share of $(0.26) was slightly better than anticipated. The company's operating revenue declined by 13.0% year-over-year due to high repair expenses, although ongoing fleet modernization efforts showed some sequential improvements. Want More Context? 🔎