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The Senate Banking Committee could formally notice a markup vote on the Digital Asset Market Clarity Act as early as Friday, reviving a major crypto market structure bill that collapsed in January over stablecoin yield disputes and banking industry opposition.

Skyward Specialty Insurance Group NASDAQ: SKWD reported what executives described as a strong first quarter of 2026, its first reporting period as a combined company following the addition of Apollo. Chairman and Chief Executive Officer Andrew Robinson said the results reflected “an excellent start as a combined company,” citing stronger earnings, higher book value and…

After a New Hampshire House committee voted to kick the can down the road on whether to compel insurance companies to cover wraparound mental health services for children, Gov. Kelly Ayotte was “outraged.” “I was incredibly flabbergasted and disappointed by the House vote on this,” Ayotte told reporters in her office following the vote on […]

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. May 08, 2026 For release at 5:00 p.m. EDT The Federal Reserve Board on Friday announced its approval of related applications by Columbia Bank MHC, and Columbia Financial, Inc., both of Fair Lawn, New Jersey.

Automotive The used car market across Florida now faces a troubling shift as more flood-damaged vehicles quietly re-enter circulation after a national surge in storm losses last year. Hurricanes, heavy rainfall events, and widespread flooding across multiple states pushed insurers to declare thousands of vehicles as total losses, but not every one of those cars…

C.H. Robinson Worldwide NASDAQ: CHRW shareholders approved all four proposals presented at the company’s 2026 Annual Meeting of Shareholders, including the re-election of 10 directors, an advisory vote on executive compensation, the ratification of Deloitte & Touche LLP as the company’s independent auditor and approval of an amended and restated employee stock purchase plan.

Baton Rouge, Louisiana – A federal court has ruled in favor of the insured client of J. Price McNamara, Disability, Life, AD&D Insurance Attorney in his ERISA accidental dismemberment insurance lawsuit against The Lincoln National Life Insurance Company, reversing Lincoln’s denial of benefits and awarding full benefits, plus interest and court costs.

Palomar NASDAQ: PLMR reported a strong start to 2026, with management highlighting broad-based premium growth, continued underwriting profitability and an increased full-year adjusted net income outlook during the company’s first-quarter earnings call.

Kingstone Companies NASDAQ: KINS reported a first-quarter 2026 net loss as an unusually severe winter storm season across the Northeast drove elevated catastrophe losses, though management emphasized continued improvement in underlying underwriting performance and premium growth.

Data: Bureau of Labor Statistics; Chart: Courtenay Brown/Axios The U.S. economy added 115,000 jobs in April, while the unemployment rate held at 4.3%, the Labor Department said on Friday. Why it matters: Employers kept hiring through the Iran war’s energy shock, a sign of labor market resilience that complicates the case for the Federal Reserve to cut interest rates. By the…

Pennsylvania’s Affordable Care Act marketplace has seen health insurance cancellations skyrocket so far this year. The big picture: Spiking insurance premiums, driven in part by recently expired federal subsidies, are pushing enrollment down, as higher costs for energy, gas and food strain household budgets. State of play: Roughly 45,000 Pennsylvanians have dropped coverage through…

TOPEKA — Lydia Shontz-Hochstedler was diagnosed with breast cancer in 2021 at age 32. She accumulated thousands of dollars of medical debt that will take years to pay off. As a state employee, news that Kansas officials are considering dropping Blue Cross Blue Shield of Kansas as a health plan administrator raised “serious concerns,” she…

The Federal Reserve left interest rates steady Wednesday in what was almost certainly Jerome Powell’s final meeting as its leader, but there were the most internal dissents at a Fed meeting in 34 years. The big picture: The surprising dissents show that Kevin Warsh, whose confirmation to lead the Fed is pending in the Senate, will face significant internal resistance to delivering…

Data: Federal Reserve Bank of New York; Chart: Courtenay Brown/Axios The uncomfortable new normal for the U.S. economy: spending growth concentrated at the top of the income ladder, a split largely explained by wealth gains from financial assets. Why it matters: The K-shaped economy is real, though it is not particularly new. That’s the conclusion of research out Friday morning…

When Kevin Warsh takes over as Federal Reserve chair, he will face vocal internal opposition to any attempts to cut rates prematurely. His predecessor will also still be roaming the halls. Why it matters: Taken together, Wednesday’s news out of the William McChesney Martin Jr. Building means that Warsh will face serious constraints if he wants to rapidly steer the Fed in ways that…

Federal Reserve chair Jerome Powell said on Wednesday that he will remain a central bank governor "for a period of time to be determined," citing attempted political interference. Why it matters: It extends Powell’s influence over monetary policy beyond the conclusion of his term as Fed chair on May 15. His term as one of seven Fed governors extends through January 2028. It denies…

This is shaping up to be a momentous week for the Federal Reserve. What comes next for the Fed’s leadership has come into clearer focus in the last three days, but one big question hangs over the institution. The big picture: On Wednesday, the Senate Banking Committee is set to advance Kevin Warsh’s nomination to lead the Fed, after Sen. Thom Tillis (R-N.C.) indicated his…

GREENSBORO, N.C.— North Carolina Attorney General Jeff Jackson announced on Tuesday that the state has reached a six-figure settlement in a Greensboro Medicaid fraud investigation. The United States Attorney's Office for the Middle District of North Carolina reached a $584,143 settlement with Crossroads Treatment Center of Greensboro, P.C., to settle…

Federal Reserve Bank of Boston president Susan Collins said she agreed with colleagues who dissented at last week’ s monetary policy gathering over wording in the Fed’ s post-meeting statement that suggested the central bank would eventually resume rate reductions. Dallas Fed president Lorie Logan, Beth Hammack of the Cleveland Fed, and Minneapolis Fed…

History is likely to be as kind to Jerome Powell, the outgoing chair of the U.S. Federal Reserve, as it was to Winston Churchill. Never before has a Federal Reserve chair faced–and withstood–such pressure to implement inappropriate monetary policy changes. In addition to public insults and constant demands for monetary easing, Trump even managed to get the…