—The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth, yet consumers continued to spend. Growth in U.S. gross domestic product— the nation’ s output of goods and services— decelerated from 2.1% in the first three months of 2026, the Commerce Department reported Thursday, coming in below economists'…
Mercer Advisors, Inc., a national wealth management and financial planning firm, today unveils the second generation of Aspen, its proprietary, artificial intelligence- enabled ecosystem that powers its full-spectrum family office offering. Mercer Advisors built Aspen as a family office platform, to support its advisory teams in local markets in delivering…
—The Federal Reserve’ s favored measure of inflation rose 3.7% last month, above its 2% target.
Arch RoamRight ®, a leading provider of travel insurance solutions, today announced a new partnership with TravelJoy, the all-in-one CRM and booking platform for travel advisors. Through this integration, advisors can seamlessly quote and purchase Arch RoamRight travel insurance directly within TravelJoy, streamlining operations and creating a more…
On average, insurers are asking for a 17.1% increase for individuals and 11.5% for small businesses, according to the Pennsylvania Insurance Department. More than 600 Pennsylvanians signed a petition calling for a "healthcare cost freeze," organized by the Affordable Healthcare Coalition, which is scheduled to be delivered on Wednesday to the agency's…
Net interest on the debt has already topped $827 billion this fiscal year, according to the Treasury Department. He pointed to a sharp rise in Treasury yields since the last meeting and said markets, not the central bank, should lead. The three who dissented– Beth Hammack, Neel Kashkari and Lorie Logan– favored a quarter-point increase, according to the statement.
Mortgage rates could drop a little over the next few days, as central bankers at the Federal Reserve ultimately decided to hold overnight borrowing rates steady at their meeting ending July 29. Mortgage rates jumped in the days leading up to the meeting, as speculation grew among futures traders that central bankers could vote to raise the federal funds rate.
Lincoln Financial today announced that it has entered into an agreement with Talcott Financial Group under which Lincoln will cede approximately $5.8 billion of in-force GUL statutory reserves, representing approximately 37% of Lincoln’ s remaining in-force guaranteed universal life block to a Talcott subsidiary. In connection with the transaction,…
