Onex, AIG to Jointly Buy Specialty Insurer Convex for $7 Billion

Onex Corporation's stock has seen a significant surge following its acquisition of Convex and a strategic partnership with AIG. This positive momentum reflects investor confidence in Onex's growth strategy and the potential synergies from these deals. The acquisition of Convex is expected to enhance Onex's portfolio, while the collaboration with AIG could open new avenues for innovation and market expansion. Such developments are crucial as they not only boost Onex's market position but also signal a robust outlook for the company's future.

Onex and AIG are teaming up to acquire Convex, a specialty insurer, for a whopping $7 billion. Onex will take a 63% stake while AIG will hold 35%. This partnership is significant as it highlights the growing interest in the specialty insurance market, which is crucial for managing unique risks in today's economy.

AIG and Onex have teamed up to acquire specialty insurer Convex in a significant $7 billion deal. This partnership not only strengthens AIG's position in the insurance market but also highlights the growing interest in specialty insurance sectors. The acquisition is expected to enhance AIG's offerings and provide more tailored solutions for clients, which is crucial in today's competitive landscape.

American International Group Inc. is making a significant move by acquiring stakes in specialty insurer Convex Group and alternative-asset manager Onex Corp. for over $2.7 billion. This investment not only strengthens AIG's portfolio but also highlights its commitment to expanding in the insurance and asset management sectors, which could lead to enhanced growth and stability for the company.

The Senate has passed a bill to nullify former President Trump's extensive global tariffs affecting over 100 nations, with a vote of 51-47. This bipartisan effort follows earlier resolutions aimed at repealing tariffs on Canada and Brazil. The move is significant as it reflects a shift in U.S. trade policy and could enhance international relations, potentially benefiting American consumers and businesses by lowering prices on imported goods.

Globalstar's stock has reached a 52-week high, hitting $50.78, which is a significant milestone for the company. This surge reflects growing investor confidence and could indicate positive future performance, making it an exciting time for shareholders and potential investors alike.

A new rule proposed by the Trump administration could potentially exclude certain public servants from qualifying for student loan forgiveness. This change is significant as it directly impacts the financial futures of those who dedicate their careers to public service, making it harder for them to manage their student debt. The implications of this rule could discourage individuals from pursuing careers in essential public sectors, ultimately affecting the services that communities rely on.

Airline stocks have taken a significant hit as a potential government shutdown looms, raising concerns about travel disruptions. This situation is critical because it not only affects the financial stability of airlines but also impacts travelers who may face delays and cancellations. With the travel industry still recovering from previous challenges, this shutdown could exacerbate existing issues, making it a crucial moment for both airlines and passengers.

Southwest Airlines has reported an impressive earnings surprise for Q3 2025, beating expectations with a higher-than-anticipated earnings per share (EPS). This positive performance highlights the airline's resilience and effective management strategies in a challenging market, making it a significant development for investors and industry observers alike.

General Motors reported a strong performance in its Q3 2025 earnings call, surpassing analysts' expectations and leading to a significant surge in its stock price. This positive outcome reflects the company's effective strategies and resilience in a competitive market, which is crucial for investor confidence and future growth.