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War With Iran Delivers Another Shock to Global Economy

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WASHINGTON (AP) — The war with Iran is doing collateral damage to the world economy. The conflict is driving up energy and fertilizer prices; threatening food shortages in poor countries; destabilizing fragile states such as Pakistan; and complicating options for the inflation fighters at central banks like the Federal Reserve.

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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…

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…

Russell Investments Group Ltd. grew its stake in Pfizer Inc. (NYSE:PFE – Free Report) by 8.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,307,137 shares of the biopharmaceutical company’s stock after acquiring an additional 328,783 shares during the quarter. Russell Investments…

Russell Investments Group Ltd. raised its position in shares of Weyerhaeuser Company (NYSE:WY – Free Report) by 3.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,462,525 shares of the real estate investment trust’s stock after buying an additional 104,673 shares during the…

WINTON GROUP Ltd lifted its holdings in shares of Aflac Incorporated (NYSE:AFL – Free Report) by 2,077.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,807 shares of the financial services provider’s stock after buying an additional 55,152 shares during…

Russell Investments Group Ltd. lowered its position in shares of The Allstate Corporation (NYSE:ALL – Free Report) by 7.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 556,176 shares of the insurance provider’s stock after selling 47,569 shares during the quarter. Russell Investments…

Russell Investments Group Ltd. raised its stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 10.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 416,204 shares of the semiconductor company’s stock after buying an additional 39,026 shares during the…

Two developments this week capture how the world of decentralized finance and cryptocurrency is winning in its efforts to challenge traditional banks. Driving the news: On Wednesday morning, Kraken Financial, a cryptocurrency-focused bank in Wyoming, announced it has been granted a limited master account from the Federal Reserve. It’s a win for the crypto sector after years of…

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…

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…

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…

HealthMarkets Insurance Agency has announced a Medicare plan comparison service in Jacksonville, FL, giving residents access to multiple top-rated carriers through a single, no-cost consultation with Founder Derek Rogers — making one of retirement’s most consequential financial decisions considerably less costly to get wrong.

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…

Health care costs in America can change as quickly as a diagnosis. One month, a treatment is manageable; the next, a coverage shift or a single high bill can make that same care feel out of reach. Across the country, families are navigating inflation and higher living costs. Nearly half of U.S. adults say they’re worried…