Stock futures flat in overnight trading as the S&P 500 inches closer to record

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A pedestrian passes in front of the New York Stock Exchange.

Michael Nagle | Bloomberg | Getty Images

Stock futures were flat in overnight trading on Monday after the S&P 500 once again failed to reach a record, a level set before the coronavirus crisis hit.

Futures on the Dow Jones Industrial Average dipped about 10 points. The S&P 500 and the Nasdaq 100 futures were both little changed.

The S&P 500 closed Monday’s session up 0.3%, just shy of its record closing high of 3,386.15 from February 19. The broad equity gauge has been flirting with its all-time high

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America’s Car-Mart, Kohl’s, Uber & more

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A view outside a Kohl’s store on July 16, 2020 in Miramar, Florida.

Johnny Louis | Getty Images

Check out the companies making headlines after the bell

America’s Car-Mart — Shares of America’s Car-Mart jumped nearly 5% in extended trading after the auto financing company reported better-than-expected earnings. The company reported earnings per share of $2.83, versus an estimate of $1.45 per share, according to FactSet. Its revenue also came above expectations.

Kohl’s — Shares of Kohl’s gained 0.9% in after-hours trading ahead of its earnings report on Tuesday before the bell. Wall Street analysts were expecting the retailer

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Singapore Re looking to let go of publishing arm

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Singapore Reinsurance Corporation is arranging the sale of its 85% stake in publishing and events firm INS Communications for around SG$1.3 million in cash.

The remainder of INS Communications is owned by Subramaniam Mokanasivam (10%) and Sheela Suppiah (5%).

According to a stock exchange filing by Singapore Re, the entirety of INS Communications will be bought by Beacon International group for SG$1.5 million.

Singapore Re said that the sale of INS Communications will allow it to focus on its core operations, with 100% of the sale’s proceeds to be used as working capital. In its annual report for 2019, Singapore

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Does RPA technology help or hinder claims innovation?

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360GlobeNet’s stated mission is to provide digital online platform technology that will revolutionise the insurance claims process, offering personal and business customers the same standard of experience as online retail. The insurtech’s strategy is to engineer-out issues caused by inflexible and outdated technology and create a no-code environment linked to advanced unstructured data technology that turns text into data. While 360GlobeNet does integrate its solution with AI, Peet stressed that the firm believes AI and RPAwon’t be of industrial strength for another few years.

Read next: Three auto claim examples that prove telematics is a must

“There’s a huge amount

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