Texas joins other GOP states standing up to ESG investment companies

Jamie Dimon Photo source Company’s Website Jamie Dimon, the head of one of the world’s most important financial firms, JPMorgan Chase, had some troubling words for Americans. In a conference call with clients recently, Dimon said that the recession in America is only going to get worse and even said that Americans might very well be “incompetent and lazy.” On the…

The vast majority of people's financial and retirement plans are not prepared to weather a recession or similar economic downturn. How can you, as an investor, minimize or stop the damage, avoid being wiped out and maybe even come out on top? First, we must identify the risks, then what money moves can strengthen your position, and then make the right adjustments…

Construction crews in Montclair, N.J., are working overtime on a $150,000 expansion of Paper Plane Coffee Co., that will double the shop's size to accommodate booming demand and create a new tasting room and events space. At the same time, consumer demand for goods has slowed, and borrowing costs are going up, as the Federal Reserve raises interest rates in the hope…

The emergency room sign at O'Bleness hospital in Athens, Ohio. Photo by David DeWitt, OCJ. This story was originally published by Kaiser Health News. Elizabeth Woodruff drained her retirement account and took on three jobs after she and her husband were sued for nearly $10,000 by the New York hospital…

After almost a year of concerns over inflation and a hot economy, the Federal Reserve's repeated interest rate hikes have slowed the economy and raised recession concerns. That was the point: The Fed's actions were rooted in the decision that lower prices are more important than continued job growth. In 1937, the Federal Reserve argued explicitly that "price…

–States that ended pandemic unemployment aid saw "a substantial rise" in employment, according to a recent working paper from the Federal Reserve Bank of St. Louis. The program provided weekly payments of $600 during most of 2020, although it was subsequently reduced to $300 per week in 2021.. As the payments were reduced, the program was also expanded to include…

Consumer expectations for U.S. inflation over the next few years declined sharply, according to a survey by the Federal Reserve Bank of New York. According to the New York Fed's Survey of Consumer Expectations, inflation expectations for this year fell to 3.2% in July, down from a forecast of 3.6% the previous month. The Federal Reserve initiated an interest rate…

We were scheduled to publish Tuesday through Thursday this week, but we sat down at the keyboard this morning because we didn't want to sit out the big news out of the Senate. Today's edition: What you need to know about the Senate's passage of Democrats' long-delayed health and climate bill. The health care winners and losers in Democrats' economic package.

Reuters- San Francisco Federal Reserve President Mary Daly said on Wednesday it would be "reasonable" for the Fed to raise interest rates by 50 basis points next month if the economy evolves as expected, and warned again that monetary authorities are determined to reduce inflation, which is running at a decades high. Markets have responded to the Fed' s monetary…

But the number of people who quit their jobs was still elevated, at 2.8 percent, according to data released Tuesday by the Bureau of Labor Statistics. "June was a pivotal month for the labor market," said Julia Pollak, a labor economist at ZipRecruiter. In response, the Federal Reserve has raised interest rates four times this year, including by three-quarters of a…

It’ s now been three years and counting since investigations began into the largest public fraud case in Mississippi history— a case that involves powerful public officials, former pro football stars and pro wrestlers, and tens of millions of dollars. Phil Bryant about his own role in the scandal,“ It doesn’ t look good,” and there appear to be many incongruities about…

In her oral ruling invalidating the rule, Thurston County Superior Court Judge Indu Thomas said that Kreidler exceeded his statutory authority, according to Kreidler's office. Republicans, insurers and others decried the move at the time, saying that it would add costs to people on fixed incomes, like the elderly, who have benefited from reduced insurance…

Democrats have been campaigning for 30 years on promises they'd let Medicare directly negotiate the cost of prescription drugs — and after all that time, they might finally be about to achieve it. Why it matters: The Senate's reconciliation bill would only open up negotiations for a small number of drugs, but even that is a threshold Democrats have never before been able to…

Two key U.S. inflation indicators posted larger-than-expected increases on Friday, raising concerns that prices will remain persistently high and prompt sharp interest rate hikes by the Federal Reserve. Separately, the Commerce Department's personal consumption expenditures price index, which forms the basis of the Federal Reserve's inflation target,…

The U.S. Federal Reserve announced yesterday, in Washington, the fourth consecutive increase of its interest rates, by 75 basis points, placing them in a range between 2.25% and 2.50%, while it expects to continue with more increases in the coming months, with the objective of controlling inflation. The FOMC considered that "recent indicators of spending and…

Data wonks with mighty computers are overjoyed. “There is data out there; it’ s just not accessible to mere mortals,” said Sabrina Corlette, a researcher at Georgetown University’ s Center on Health Insurance Reforms. Insurers are complying with federal rules aimed at price transparency that took effect July 1, she and others said.

There are two schools of thought when it comes to how well Americans will fare in retirement. The latest warning comes in the form of a research brief for the Center for Retirement Research at Boston College by economists Gal Wettstein and Robert L. Siliciano, who studied not only how quickly retirees spent their accumulated savings but also whether they lived…

The market started this week attentive to what will be the interest rate decision to be announced this Wednesday by the Federal Open Market Committee of the Federal Reserve of the United States. A decision that is marked by the latest Consumer Price Index data, which was 9.1% annualized in June, putting more pressure on the Fed- led by Jerome Powell- to put the…

The Congressional Budget Office projected permanently extending enhanced ACA subsidies would lead to an increase of nearly 5 million signups a year.