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Lemonade’s stock slides after digital insurer’s soft guidance offsets narrower-than-expected loss

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Lemonade Inc.’s stock tumbled in after-hours trade Tuesday, after the digital insurer, which uses AI to power its business, offered soft guidance, offsetting a narrower-than-expected second-quarter loss and revenue that matched estimates.

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A drop in mortgage rates has failed to ignite home-buying demand, but builders remain optimistic

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Builder sentiment inched up in October, the National Association of Home Builders said.

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Jobless claims retreat after last week’s sharp increase

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One week after hitting the highest level in more than a year, initial jobless claims retreated by 19,000 to 241,000, the Labor Department said Thursday.  

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Elevance Health’s stock tumbles as profit dented by ‘unprecedented’ Medicaid challenges

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“We remain confident in the long-term earnings potential of our diverse businesses as we navigate a dynamic operating environment and unprecedented challenges in the Medicaid business,” Chief Executive Gail K. Boudreaux said in prepared remarks.

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