Wells Fargo& Co. is eliminating 112 jobs in Raleigh as part of ending support operations within its Chief Operating Office business unit, according to a WARN Act notice posted Thursday by the N.C. We are very thoughtful and deliberate in our approach, understanding the impact these decisions have on individuals at the company, "wrote Cristina Stokes, assistant…
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The week ahead is framed by three macro threads that are increasingly pulling against each other: a Federal Reserve that is debating how restrictive policy still is, a labor market that continues to cool beneath the surface, and a housing market that’ s showing pockets of improved affordability– but transaction volume that remains weak against a fragile…
Among the components of the controversial "One Big Beautiful Bill Act" that President Donald Trump signed into law July 5 is a type of tax-deferred savings account that provides $1,000 from the U.S. Treasury as investment seed money. At least 28 companies have pledged a $1,000 match, including Bank of America Corp., JPMorgan Chase& Co. and Wells Fargo& Co..
Reinsurance costs and capacity constraints have moderated for Caribbean insurers amid an accelerated softening in property reinsurance pricing and a modest relaxation in some terms and conditions, according to a new AM Best report. These factors have contributed to favorable results being reported by most Caribbean insurers, with rate increases also…
It's not fear driving Harry Wenkert to make a "must-have" travel purchase for 2026. "I have a parent who is 94 years old and living in a long-term care facility," says Wenkert, a retired pharmaceutical industry marketer from Pittsburgh. "In 2026, travel insurance today is less about fear and more about peace of mind," explains Naresh Dahal.
The monthslong beauty contest is over: President Donald Trump has named Kevin Warsh to succeed Jerome Powell as Federal Reserve Chair. Warsh must be confirmed by the Senate, which may prove difficult. Thom Tillis, R- N.C., said that he won't vote to confirm Warsh until the Department of Justice drops its investigation of Powell over the Fed's renovation project.
WASHINGTON D.C.– Is there a new Federal Reserve Chairman in town compliments of President Donald Trump? Warsh is a graduate of Stanford University and Harvard Law School and he began his career in the 1990 s working in mergers and acquisitions at Morgan Stanley. For a quick lesson, let us discuss what the Federal Reserve is and what it is not.
Keep in mind that crude oil can move this pair, although it does not move it the way it used to in the sense that the United States produces 13.5 million barrels of oil a day, but it does have somewhat of an influence. As far as central banks are concerned, the market keeps trying to push the Federal Reserve into cutting aggressively and they just do not want to do that.
By Susan Jaffe, KFF Health News. But two years ago, he heard about Peak Health, a new Advantage plan started by the West Virginia University Health System, where his doctors practice. Now entering its third year, Peak Health has tripled its enrollment since last year, to“ north of 10,000,” said Amos Ross, its president.
WASHINGTON– Federal disaster relief, on which hurricane and flood-prone Louisiana relies, is caught in the congressional fight to put guard rails on increasingly controversial immigration enforcement efforts. While waiting for its $32 billion in funding, Federal Emergency Management Agency is still operating. "If Democrats don't agree to an extended…
WASHINGTON– Federal disaster relief, on which hurricane and flood-prone Louisiana relies, is caught in the congressional fight to put guard rails on increasingly controversial immigration enforcement efforts. While waiting for its $32 billion in funding, Federal Emergency Management Agency is still operating. "If Democrats don't agree to an extended…
The months-long beauty contest is over: President Donald Trump has named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair. Warsh must be confirmed by the Senate, which may prove difficult. Republican Senator Thom Tillis said that he won't vote to confirm Warsh until the Department of Justice drops its investigation of Powell over the Fed's…
State officials had predicted 80,000 people would forgo coverage if Congress didn't extend the enhanced premium tax credits for those purchasing the policies. During open enrollment, which ran from Nov. 1 to Jan. 15, more than 290,000 residents signed up for insurance through the Washington Health Benefit Exchange. Exchange CEO Ingrid Ulrey said the drop in…
Elected representatives served to guarantee that no president could make extreme decisions without the oversight of Congress. The Department of Justice and Federal Reserve operated in a strictly nonpartisan, independent manner, and educational institutions from early childhood to university and postsecondary education were independent of…
Massachusetts companies like John Hancock, Berkshire Life and MassMutual in the last few years have been looking for programs to help boost the health of their policyholders. “Because the market is so competitive, many good companies are trying to distinguish themselves as very good places for people to put their trust,” said Ed Donahue, president and CEO of the…
When Congress finally passed a stopgap measure to end the 43- day federal government budget shutdown last November, the bill did not include provisions to extend or continue the tax credits reducing the cost of health insurance through the Affordable Care Act marketplaces. As a result, premiums for some 24 million Americans with ACA marketplace insurance…
As the Chairman of the House Committee on Energy and Commerce, one of my main goals over the next several months is to find real, meaningful solutions to lower the cost of health care for Kentucky families. That's why our Subcommittee on Health recently held a hearing with top health insurance CEOs to demand answers about the increasing cost of health care.
Mike Yin, sponsor of the bill, "The federal government stopped making pennies in November 2025. The Federal Reserve has also cut back on sending pennies to banks. This has left Wyoming stores slowly decreasing their access to pennies.
When Congress finally passed a stopgap measure to end the 43- day federal government budget shutdown last November, the bill did not include provisions to extend or continue the tax credits reducing the cost of health insurance through the Affordable Care Act marketplaces. As a result, premiums for some 24 million Americans with ACA marketplace insurance…
