Legislation introduced Wednesday by Sen. Bernie Sanders, I-Vt., would cap the size of the largest financial institutions so that a company’s total exposure is no more than 3 percent of GDP, about $584 billion today. The bill faces tough opposition from controlling Republicans.
Wire Reports
The stock market began the current bull market run on March 9, 2009 and will set a record Wednesday. Still, some analysts are concerned about the potential for a downturn amid several economic disruptions.
Paid subscribers, which account for about 90 percent of the company’s sales, are more profitable for Spotify than free users. But Spotify reported fewer users of the advertising-supported tier than a quarter ago, which is making investors nervous.
Stock Investors Pick The Wrong Exit In Emerging Markets
The EM index is also down 16 percent from its high on Jan. 26, just shy of the 20 percent decline that signals a bear market.
The GOP needs to move on from its nearly decade-long obsession with killing the Dodd-Frank Act, a top Republican congressman says. Supporters of the legislation simply do not have the votes, the lawmaker adds.
The Centers for Medicare and Medicaid Services said state health insurance marketplaces are increasingly failing to cover people who do not qualify for federal subsidies even as the exchanges remain relatively stable.
In a case with billions of dollars at stake, a federal appeals court ruled that the federal government doesn’t have to pay health insurers money they say they are owed under the Affordable Care Act.
