Households and businesses may have to wait longer to see lower borrowing costs, with Federal Reserve officials signaling a less aggressive tone to trimming their benchmark interest rates as Donald Trump prepares to return to the White House. After two consecutive rate cuts in recent months and an economy in strong shape, the Fed will take its time deciding…
INN Insider News
The insurance industry recently saw some strong earnings reports as some of the more prominent players surpassed estimates for earnings, revenues, or both. This led to a rally in insurance ETFs. Here is a brief look at funds that may have benefited.
The Legislature included the proposal among hundreds of policy riders it tacked onto a nearly $4 billion economic development bill that passed both the House and Senate on Thursday. Without specifically mentioning it, the measure stands to benefit BlueHub Capital, a Roxbury- based nonprofit that specializes in helping distressed homeowners but which, some…
NEW YORK— US stocks tumbled Friday as the“ Trump bump "that Wall Street got from last week’ s presidential election, along with a cut to interest rates by the Federal Reserve, kept fading. Makers of vaccines helped drag the market down after President-elect Donald Trump said he wants Robert F. Kennedy Jr., a prominent anti-vaccine activist, to lead the Department of…
(The Center Square) – California homeowners may face noticeable insurance rate hikes under new rules finalized by state regulators that allow property insurers to use complex climate algorithms — what consumer advocates call secret "black box" models — to set prices.
Navigating the complex world of health insurance can be especially challenging for farmers.
The U.S. Federal Reserve Board invited comment this week on a report that examines the impact of a proposed international capital standard (ICS) for large international insurance groups.© Shutterstock Specifically, the report, conducted with the U.S. Department of the Treasury, analyzes the impact of the proposal on U.S. consumers and markets. According to the report, […] The…
Following Donald Trump’s victory as the 47th President of the United States, the cryptocurrency market has surged. As the market gained momentum, the crypto industry was pushing for bold policy changes to accelerate digital asset adoption. With key players advocating for better regulations to integrate cryptocurrencies into the global financial system.
Banking, finance, and taxes Tariffs recently became a popular subject of education for many people after Donald Trump announced he would implement a 60% tariff on all good imported from China and a 20% tariff on everything else imported into the United States, and recently announced a 200% tariff on anything made by John Deere.…
More than 200,000 West Virginians get their health insurance through the Affordable Care Act, a 2010 law that President-elect Donald Trump tried to overturn during his first four years as president. Now with a second Trump presidency on the horizon, residents and health care advocates worry what that will mean for West Virginians’ health care […]
On Wednesday, November 6, 2024, major media outlets announced Donald J. Trump as the winner of the 2024 U.S. presidential election. This alert discusses the potential impact of Mr. Trump’s election on the U.S. Securities and Exchange Commission (the “SEC”) …
When I was with you two years ago, I quoted President Franklin Roosevelt when he signed the first of the foundational securities laws in 1933: “This law and its effective administration are steps in a program to restore some old-fashioned …
The Attorneys General of 18 states have filed a lawsuit against the SEC and its Chair Gary Gensler over the financial regulator’s "overreach" in regulating the crypto industry.
Federal Reserve Chairman Jerome Powell expressed on Thursday that the robust state of the US economy allows for a patient approach in determining the timing and extent of future interest rate cuts.
TALLAHASSEE — The Florida Supreme Court declined to extend consumer protection law remedies to insurance companies, concluding that GEICO cannot pursue claims under the Florida Motor Vehicle Repair Act against a windshield repair company.
Federal Reserve Powell: Rate cuts to come slowly Chair Jerome Powell says the Federal Reserve likely
Chair Jerome Powell says the Federal Reserve likely will cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed's officials want to see where it heads next. Powell, in prepared remarks for a speech in Dallas, said that inflation is edging closer to the Fed's 2% target, "but it is not…
Pete Hegseth, the military veteran and Fox News host, at the Defense Department. The business angle: One nexus of Washington power that won’ t see a leadership change is the Federal Reserve, where Jerome Powell’ s four-year term as chair runs through May 2026. Trump, who appointed Powell as Fed chair, weighed firing him in a disagreement over interest rates in 2018.
President-elect Donald Trump on Thursday selected Robert F. Kennedy Jr., a longtime vaccine skeptic, to lead the Department of Health and Human Services, the sprawling agency responsible for administering millions of Americans' health insurance, approving drugs and medical supplies, regulating food, and responding to infectious-disease outbreaks.
As a wildfire fueled by drought near the New Jersey- New York border left an 18- year-old volunteer firefighter dead and burned through thousands of acres, forecasters are warning of an increased risk of spread throughout the week. The blaze, formally named the Jennings Creek wildfire, is believed to have started in New York and spread into Passaic County.
