Cognizant Technology Solutions (CTSH) said Monday it has struck a five-year partnership with The Andover Companies to scale its systems, unify its data, and help lay the foundation for AI adoption in underwriting and claims.
The company said it will modernize integration of Andover's core policy administration platform to its digital properties, build a new enterprise data platform and boost its policyholder- and digital portals security.
Price: $47.65, Change: $+2.20, Percent Change: +4.83%
Top cryptocurrencies fell Friday, with Bitcoin (BTC-USD) down but still holding above $64,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell 1.1% in the past 24 hours. The Nasdaq 100 lost 1.2%, the S&P 500 declined 0.1%, and the Dow Jones Industrial Average was up 0.4%.Bitcoin fell 0.9% to $64,146, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 11.3% to $26.39 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, dropped 0.5% to $1,861.XRP (XRP-USD) lost 1.3%, BNB (BNB-USD) fell 0.2%, and Solana (SOL-USD) declined 2.1%. Dogecoin (DOGE-USD) rose 0.2%, and Cardano (ADA-USD) decreased 3.2%.The US 10-year Treasury yield stood at 5.184% at 3 p.m. ET Friday, down from 5.204% Thursday, while the five-year yield fell to 4.424% from 4.457%.The total market value of the cryptocurrency industry fell 0.9% in the past 24 hours to $2.19 trillion, with trading volume gaining 6.2% to $62.77 billion.Price: $64135.20, Change: $-912.67, Percent Change: -1.40%
Rexford Industrial Realty's (REXR) shares were up 7.7% in Friday trading after the company late Thursday reported Q2 core funds from operations and revenue that exceeded market expectations.The company reported Q2 core funds from operations of $0.63 per diluted share, up from $0.59 a year earlier.Analysts polled by FactSet expected $0.60.Total revenue for the quarter ended June 30 fell to $245.5 million from $249.5 million a year earlier.Analysts expected $240.2 million.The company now expects its full-year core FFO per share to be $2.38 to $2.43, compared with the previous guidance of $2.37 to $2.42. Analysts expect $2.41.Price: $38.75, Change: $+2.77, Percent Change: +7.68%
(Updates with the company's latest stock move in the headline and in the first paragraph.)Safety Insurance (SAFT) shares were up 41.6% in Friday trading after the company said late Thursday it entered an agreement to be acquired by an affiliate of Mapfre in a $1.54 billion all-cash deal.Safety stockholders will receive $105 for each share of the company they own, it said.The deal is expected to be completed in Q1 2027, subject to closing conditions and regulatory approvals, the company said.Price: $103.27, Change: $+30.33, Percent Change: +41.58%