AP Top Extended Financial Headlines at 4:05 p.m. EST - Insurance News | InsuranceNewsNet

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February 23, 2023 Newswires
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AP Top Extended Financial Headlines at 4:05 p.m. EST

Associated Press

The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and elevated inflation, the government said in a downgrade from its initial estimate

The health insurer Humana will stop providing employer-sponsored commercial coverage as it focuses on bigger parts of its business, like Medicare Advantage

The number of Americans filing for jobless aid fell last week as the labor market remains resilient in the face of the Federal Reserve’s interest rate increases meant to cool the economy

The European Union’s executive branch has temporarily banned TikTok from phones used by employees as a cybersecurity measure

Stocks shook off a midday slump and ended higher on Wall Street, ending a four-day losing streak

Turkey’s central bank has resumed its policy of lowering a key interest rate, even as the country grapples with high inflation and the aftermath of a devastating earthquake

Moderna’s fourth-quarter profit tumbled 70% as COVID-19 vaccine sales fell and the drugmaker caught up on a royalty payment

Treasury Secretary Janet Yellen says the U.S. will push for tougher, better enforced sanctions against Russia and is hoping for a “fully funded" package of financial support for Ukraine

Since Russia invaded Ukraine a year ago, U.S. companies, nonprofits and individuals have responded with donations, including of equipment like bulletproof vests and drones

The European Commission has dampened Bulgaria’s aspirations for a swift adoption of the euro currency as the Balkan country does not meet all required entry criteria

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