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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…

Rising liability insurance costs in Kansas and across the nation are prompting doctors to call on states to impose limits on the damages patients can collect in malpractice cases. Why it matters: Groups led by the American Medical Association (AMA) say that without payout limits, physicians will relocate from high-cost states, leaving patients with fewer care options. State of…

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…

According to the JD Power 2026 U.S. “As insurance prices have started to come down nationwide, a massive volume of active customers and new prospects are comparison shopping and hunting for information on insurer websites and mobile apps,” said Eric McCready, director of digital solutions at JD Power.“ Likewise on the customer service side, the digital channel is…

Kevin Warsh is now likely to secure Senate approval as the next Federal Reserve chair– and become arguably the most powerful central banker in the world. The Senate confirmed him for a new 14- year term on the Fed's Board of Governors on Tuesday. The 51-45 vote to confirm President Donald⁠ Trump's nominee fell along​ partisan lines, with Republicans supporting and…

Five years ago, inflation was taking off, and Federal Reserve leaders wrongly believed that it would be transitory. Now, leaders of the central bank are focused on how to avoid repeating that mistake. The big picture: The U.S. is facing an eerily familiar backdrop of price shocks, and the Fed is trying to avoid a repeat of its biggest forecasting error of recent years. Fed chair…

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…

PFA Pension Forsikringsaktieselskab purchased a new position in JPMorgan Chase & Co. (NYSE:JPM – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,467,182 shares of the financial services provider’s stock, valued at approximately $474,516,000. JPMorgan Chase & Co. accounts for 1.3%…

Ground Swell Capital LLC acquired a new position in shares of Pinnacle Financial Partners, Inc. (NYSE:PNFP – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,042 shares of the company’s stock, valued at approximately $1,340,000. Pinnacle Financial Partners accounts for about…

Global Wealth Management Investment Advisory Inc. trimmed its holdings in Salesforce Inc. (NYSE:CRM – Free Report) by 89.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,414 shares of the CRM provider’s stock after selling 12,084 shares during the period. Global Wealth Management…

Robertson Stephens Wealth Management LLC grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 137.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,540 shares of the social networking company’s stock after acquiring an additional 11,325 shares…

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…

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 following information was released by the Minnesota House of Representatives:. However, parents told the House Commerce Finance and Policy Committee in March that they were notified by their health insurance providers, some after open enrollment closed for 2026, that they would be limited to 120 home care nursing visits, leaving them to solely care for…

Congressman Troy A. Carter, Sr. and Congresswoman Jennifer McClellan have introduced the Medicaid Outreach and Assistance for Communities Act of 2026. This month, Louisiana started sending out new Medicaid notices explaining upcoming changes. "Republicans' Big Ugly Law left millions of Americans without clear guidance on how to complete new paperwork and…