Bogotá’s public healthcare networks are facing growing pressure due to the accumulated debt of the health insurance providers under receivership, which totals $347.233 billion, according to Health Secretary Gerson Bermont, who called on the National Health Superintendency to intervene to ensure payments and the continuity of care.
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–The Federal Reserve, in a decision with four dissents, held the main interest rate steady on Wednesday, noting risks to inflation and jobs as the Iran war spilled into a third month.– Fed Chair Jerome Powell, echoing a statement by the Federal Open Market Committee, described economic growth as“ solid” and flagged uncertainty from the war as Brent crude oil futures…
Michigan's average price for a gallon of regular unleaded gas rose 33 cents from Wednesday to Thursday.
The Federal Reserve is a dysfunctional entity that badly needs the overhaul it will likely get from its incoming boss, Kevin Warsh.
Yesterday’s Federal Open Market Committee meeting was clearly hawkish, or monetarily tight, and also showed a notable entrenchment against Trump. Voting in favor of the monetary policy measure were Chairman Jerome Powell, John Williams, Michael S. Barr, Michelle W. Bowman, Lisa D. Cook, Philip N. Jefferson, Anna Paulson, and Christopher J. Waller.
Federal Reserve Chair Jerome Powell issued an unusual and politically charged warning: the independence of the U.S. central bank "is at risk." His remarks come amid growing pressure from the Trump administration, which has launched legal actions and even a criminal investigation against the economist, against a backdrop of sharp differences over monetary…
Major U.S. stock indices closed Wednesday with mixed results following the Federal Reserve’s decision to keep interest rates unchanged, as investors awaited earnings reports from four of the "Big Seven." Before the close, the indices fluctuated after it was announced that the Federal Reserve, led by Jerome Powell in his final meeting as Fed chair, kept interest…
The Federal Reserve meeting will provide an opportunity to clear up doubts surrounding Jerome Powell’s future and a possible rate hike in the second half of the year. U.S. President Donald Trump accuses Iran of "being unable to get its act together" and rejects any agreement that leaves out the nuclear program. For its part, Tehran refuses to lift its blockade of…
A leading Democratic think tank has started putting meat on the bones of a midterm health care affordability agenda, calling for policy shifts that its authors say would immediately lower costs. Why it matters: There’s a change in how Democrats are talking about health care, and it could spell big trouble for industry profits should they regain power any time soon. Driving the…
Roughly 130,000 Pennsylvanians have dropped coverage through Pennie, the state’s Affordable Care Act marketplace, in the past five months. Why it matters: About 1 in 10 Americans enrolled in an ACA plan last year now lack health coverage, per surveys by research nonprofit KFF. The big picture: Soaring insurance premiums, driven in part by recently expired federal subsidies, are…
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…
The Iran war is trapping the world’s central banks with an energy shock that simultaneously undermines growth and stokes inflation, with no good policy response to either. Each of the world’s most important central banks faces that dilemma in policy meetings this week. Why it matters: From Tokyo to Washington, central banks that were on track to normalize policy are now paralyzed,…
The message from top Republicans on Tuesday morning was that things were on track for an orderly transition atop the Federal Reserve when chair Jerome Powell’s term ends next month. Events over the next 24 hours made those prospects messier. The big picture: As much as Senate Republicans seek an off-ramp that would smooth the path for Kevin Warsh’s confirmation as Fed chair, the…
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…
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…
If the United States gets into the business of providing dollar liquidity to the United Arab Emirates and other Persian Gulf states battered by the Strait of Hormuz’s closure, it will amount to a novel use of an old power. The big picture: The Federal Reserve used swap lines with foreign central banks as a key tool to calm global financial disruptions in periods of stress, starting…
The Department of Justice said Friday it will drop a criminal probe into Federal Reserve chair Jerome Powell, a sharp pivot in an unprecedented investigation into the nation’s top central banker. Why it matters: It opens the path for President Trump’s pick to lead the Fed, Kevin Warsh, to be confirmed to the post after a standoff with Sen. Thom Tillis (R-N.C.), who blocked…
AEGON ASSET MANAGEMENT UK Plc cut its stake in shares of Johnson & Johnson (NYSE:JNJ – Free Report) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 585,592 shares of the company’s stock after selling 61,679 shares during the…
Columbia Asset Management lowered its stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 10.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,605 shares of the semiconductor manufacturer’s stock after selling 5,746 shares during the period. Broadcom makes…
Brookwood Investment Group LLC lifted its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,359 shares of the iPhone maker’s stock after purchasing an additional 5,943 shares during the…
