Berkshire Hathaway Inc. (NYSE: BRK.A / BRK.B) remains a dominant force in the financial services sector, with a market capitalization of approximately USD 1.08 trillion and a price‑earnings ratio of 16.06. The conglomerate operates across insurance, freight rail, and utility businesses, providing property and casualty, reinsurance, and life, accident, and health reinsurance…
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TLDR The Federal Reserve and other U.S. banking regulators issued guidance on tokenized securities. Regulators confirmed that capital rules remain technology-neutral. Banks must treat tokenized securities the same as traditional securities when legal rights match. The agencies stated that the blockchain type does not affect capital treatment. Tokenized securities may qualify as…
State Farm, the nation’s largest auto insurer, has lowered insurance rates and is issuing an average dividend of $100 per vehicle to policyholders. Why it matters: Insurance rates skyrocketed during the pandemic, when vehicle prices spiked, but prices have since cooled off amid falling repair costs. Driving the news: State Farm policyholders on more than 49 million vehicles will…
Prediction market Kalshi disclosed Wednesday that it had suspended two users — an editor for the MrBeast YouTube platform and a former California gubernatorial candidate — for allegedly violating its prohibition against "insider trading." Why it matters: Prediction markets are under scrutiny over whether their platforms enable people with inside information to financially…
Kalshi, one of the world’s largest prediction market companies, struck a deal with the Associated Press to license its elections data starting with the 2026 midterms. Why it matters: As the popularity of betting booms in the U.S., prediction markets are trying to distinguish themselves with partnerships that boost the credibility of information presented on their platforms. CNN and…
An epic capital spending boom is squeezing certain prices higher, while promising sharp productivity gains and potentially huge job losses. What’s a central banker to do? The big picture: The AI boom is likely to affect the appropriate monetary policy in multiple ways, with some effects pointing to higher rates and others toward lower. Those different impacts will play out on…
Passaic County will pay $100,000 to settle a lawsuit filed by a Passaic County Prosecutor's Office employee who alleged retaliation and disability discrimination during the COVID-19 pandemic. Henry Hernandez, a media specialist with the Prosecutor's Office, filed the lawsuit in 2022 against the county, the office, Prosecutor Camelia Valdes and Chief of…
Advertisement The United States’ top banking regulators have now clarified how banks should handle tokenized securities. On March 5, the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) jointly issued guidance confirming that blockchain-based securities will be subject to the same capital requirements…
Iowa Senate Republicans are advancing a bill that would raise taxes on certain health insurance companies to offset a Medicaid funding shortfall.
Williamson County mother: Tennessee lawmakers must stand up for families battling health insurance schemes.
Louisiana Insurance Commissioner Tim Temple joins a national panel to establish a targeted discount rate for homeowners who install a fortified roof.
Political attack ads are taking on a different energy this primary cycle, thanks to big bucks from national super PACs backing cryptocurrency. Why it matters: The surge of attack ads is turning Illinois’ primary increasingly negative, even when the attacks are unrelated to digital currency. The big picture: The Fairshake political action committee (PAC) is a pro-crypto lobbying…
Data: Commonwealth Fund; Map: Kavya Beheraj/Axios Health insurance costs ate up 11% of median family income in California in 2024, according to a new analysis. Why it matters: The findings show how tough it can be to afford health care, even with insurance, for many of the estimated 167 million Americans who get coverage through an employer. The state-by-state breakdown of federal…
A coalition backed by health insurers and employers is launching a new a new effort to showcase hospital pricing as a central driver of rising health care costs, Axios has learned. Why it matters: Health care affordability is emerging as a key election-year issue, with the Trump administration and many in Congress increasingly questioning why drug prices and insurance premiums are…
Data: Commonwealth Fund; Map: Kavya Beheraj/Axios Health insurance costs ate up almost 9% of the median family income in Minnesota in 2024, according to a new analysis. Why it matters: The findings show how tough it can be to afford health care, even with insurance. Zoom in: The state-by-state breakdown of federal data by the Commonwealth Fund looked at how much people spent on…
U.S. expanding its attack so far beyond the Middle East. A spike in natural gas prices sets off alarm bells across Europe. And we break down the cost and the routes of ways to find, and if you wish to leave Dubai.
Indiana is now the first US state to require crypto investment options in public retirement plans. With pension funds offering Bitcoin, retail investors can take away from this that digital assets are heading from speculation to a permanent part of finance. If you’re looking for the best crypto presale right now, this institutional approval makes a […] The post Best Crypto…
A new Ohio bill won't expand the 340B program, but it will protect patients' ability to fill prescriptions at their pharmacy of choice.
Hours before U.S. Army Delta Force operators captured Venezuelan President Nicolás Maduro and his wife on Jan. 3, an anonymous trader wagered more than $30,000 on the prediction site Polymarket that Maduro would be removed from office by Jan. 31. Dennis Kelleher, president of Better Markets, a nonprofit that advocates for regulating prediction markets, told…
