Markets News

Snowflake shares gained 4.2% on Thursday after KeyBanc initiated coverage of the independent cloud data warehouse and gave the stock an “overweight” rating, setting a price target of $185.The KeyBanc analysts cited the company's leading position in its industry and highlighted the advantages that differentiate it from Amazon's AWS and Microsoft's Azure.They added that the company's recent CEO transition could lead to more artificial intelligence-focused leadership.Despite Thursday's gains, Snowflake shares have declined 20% since the start of 2024.

The Travelers Companies posted lower-than-expected profit as its catastrophe losses soared.The property and casualty insurer had $712 million in catastrophe claims payouts in the quarter, a 33.1% increase from a year earlier.The company also announced a 5% increase in its quarterly dividend.

The Travelers Companies posted lower-than-expected profit as its catastrophe losses soared.The property and casualty insurer had $712 million in catastrophe claims payouts in the quarter, a 33.1% increase from a year earlier.The company also announced a 5% increase in its quarterly dividend.

The Travelers Companies posted lower-than-expected profit as its catastrophe losses soared.The property and casualty insurer had $712 million in catastrophe claims payouts in the quarter, a 33.1% increase from a year earlier.The company also announced a 5% increase in its quarterly dividend.

The Travelers Companies posted lower-than-expected profit as its catastrophe losses soared.The property and casualty insurer had $712 million in catastrophe claims payouts in the quarter, a 33.1% increase from a year earlier.The company also announced a 5% increase in its quarterly dividend.

Genuine Parts beat profit estimates and raised its outlook as acquisitions helped lift automotive parts sales.The company behind the NAPA Auto Parts brand saw a decline in sales at its Industrial Parts Group.CFO Will Stengel said Genuine Parts showed operating discipline as it faced slow sales growth.