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Tokio Marine H1 Profit Rises; Increases Guidance

Cramer's lightning round: Progyny is a buy

  • It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Digital World Acquisition Corp.: "Jimmy Chill knows not to go too close to that one. That's what I call a dice roll, and I cannot opine on a dice roll. Too hard for me."

Lemonade: "It's down so low. It's just been such a terrible slog. I even liked that last acquisition. I want you to hold onto it for a little bit more, OK? It just can't be this bad."

Progyny: "We like this company. I mean, it's got a great business model. We don't even know who the competition is. You can't beat that. They've got no gross margin problem. I say it's a buy."

ZipRecruiter: "This is under the radar. … I think you own it. It needs sponsorship badly, though."

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Herald afternoon quiz: November 19

Test your brains with the Herald’s afternoon quiz. Be sure to check back on nzherald.co.nz for the morning quiz tomorrow.

U.S. Weekly Jobless Claims Nearly Unchanged At Pandemic-Era Low

First-time claims for U.S. unemployment benefits were nearly unchanged in the week ended November 13th, according to a report released by the Labor Department on Thursday.

The report said initial jobless claims edged down to 268,000, a decrease of 1,000 from the previous week’s revised level of 269,000.

Economists had expected jobless claims to dip to 260,000 from the 267,000 originally reported for the previous week.

With the slight decrease and the revision to the previous week’s number, jobless claims once again hit their lowest level since the week ended March 14, 2020.

“Initial claims should continue to gradually work their way back toward pre-pandemic levels as employers facing shortages of workers will likely keep layoffs to a minimum,” said Nancy Vanden Houten, Lead Economist at Oxford Economics.

The Labor Department said the less volatile four-week moving average also fell to a new pandemic-era low of 272,750, a decrease of 5,750 from the previous week’s revised average of 278,500.

Continuing claims, a reading on the number of people receiving ongoing unemployment assistance also slid by 129,000 to 2.080 million in the week ended November 6th, hitting the lowest level since March of 2020.

The four-week moving average of continuing claims also dropped to a pandemic-era low of 2,157,250, a decrease of 100,000 from the previous week’s revised average of 2,257,250.

He Cared About Me, So I Broke Up With Him

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By Jessica Slice

Kingfisher Q3 LFL Sales Down 2.4%; Sees FY Adj. Pre-tax Profit Towards Higher End Of Guidance Range

Kingfisher plc (KGF.L) reported third quarter Group sales of 3.25 billion pounds, down 6.3% from previous year. In constant currency, sales were down 3.0%. Like-for-like sales were down 2.4% in constant currency.

Thierry Garnier, CEO, said: “Kingfisher has delivered another successful quarter, with 2-year like-for-like sales growth of 15% and strong growth across both retail and trade channels, and across all categories.”

The Group now projects full year adjusted pre-tax profit to be towards the higher end of previously guided range of 910 million pounds to 950 million pounds.

For the second half of the fiscal year, like-for-like sales are projected to be towards the higher end of prior guidance range of a decline of 7% to 3%.

Armenia says six of its soldiers killed in Nov 16 clashes with Azerbaijan: Ifax

MOSCOW (REUTERS) – Armenia’s Defence Ministry said on Friday (Nov 19) six of its soldiers were killed in border clashes with Azerbaijan on Nov 16, Russia’s Interfax news agency reported.

Armenia and Azerbaijan agreed on Tuesday to a ceasefire at their border, the Armenian Defence Ministry said, after Russia urged them to step back from confrontation following the deadliest clash since a war last year.

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Tokio Marine H1 Profit Rises; Increases Guidance

Tokio Marine Holdings, Inc. (TKOMF.PK,TKOMY.PK) reported that its first half net income attributable to owners of the parent increased to 269.28 billion yen from 62.39 billion yen, previous year. Net income per share was 389.76 yen compared to 89.32 yen. Adjusted net income increased to 318.1 billion yen from 186.7 billion yen. Net premiums written was 1.92 trillion yen compared to 1.81 trillion yen, last year.

For fiscal 2021, the company revised adjusted net income guidance upward by 66.0 billion yen from the original projections to 490.0 billion yen. Basic earnings per share is projected to be 501.55 yen.

Considering current performance, the company estimates adjusted net income for fiscal 2023 to far surpass 500.0 billion yen.